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HomeMy WebLinkAboutCRA-R-07-0048 Cover Memo• • • SEOPW & Omni Boards of Commissioners Meeting November 28, 2007 Item # 2 SOUTHEAST OVERTOWN/PARK WEST AND OMNI COMMUNITY REDEVELOPMENT AGENCIES INTER -OFFICE MEMORANDUM To: Board Chair Michelle Spence -Jones Date: November 20, 2007 File: 07-01463 and Members of the CRA Board From: James H. Villacort L) Executive Director( — Subject: Resolution Authorizing Grant for Orange Bowl Fan Fest References: Enclosures: Supporting Documentation: Legislation BACKGROUND: The attached resolution authorizes the Executive Director to issue a grant. in an amount not t❑ exceed $50,000, to The Orange Bowl Committee, Inc. to partially underwrite the Orange Bowl Fan Fest event to be held at Margaret Pace Park on January 2. 2008. This event serves as a pep rally for the 2008 FedEx Orange Bowl and features the university bands. teams, former players, local performers and nationally recognized musical acts. The event continues to provide the visiting fans with a true "Taste of Miami' by including local vendors. The CRA's funding will be matched two —to —one by the City of Miami. JUSTIFICATION: Support for this event is consistent with the revitalization strategy of creating "the image of a desirable high quality 'uptown' district with an attractive appearance, 24-hour activity pattern, and a perception of safety and security" as provided in Section IV. entitled -Redevelopment Proposal." paragraph A.. at page 11, of the 1986 Omni Area Redevelopment Plan. FUNDING: $50.000 from Omni Tax Increment fund, entitled "Other Grants and Aids". Account No. 10040.920101.883000.0000.00000. JHVIpk