HomeMy WebLinkAboutCRA-R-07-0051 Legislation•
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City of Miami
Legislation
CRA Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 07-01493
Final Action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
AUTHORIZING GRANTS, IN A TOTAL AMOUNT NOT TO EXCEED $240,000, TO
KING OF POULTRY, INC., DA CANDY SHOP, INC., JAMES FORBES, DERRICK
COLEMAN, AND MILANO PASTA & PIZZA, CORP. FOR INTERIOR BUILD -OUT
OF SIX RETAIL BAYS AT NEW ARENA SQUARE, 268 NW 11 STREET, MIAMI,
FL, UNDER THE RENOVATION/TENANT IMPROVEMENT GRANT INITIATIVE
AUTHORIZED BY RESOLUTION NO. CRA-R-07-0034; AUTHORIZING THE
EXECUTIVE DIRECTOR, AT HIS DISCRETION, TO DISBURSE THE GRANT
FUNDS ON A REIMBURSEMENT BASIS, OR DIRECTLY TO SUB -GRANTEES
AND VENDORS, UPON PRESENTATION OF INVOICES AND SATISFACTORY
DOCUMENTATION; FUNDS TO BE ALLOCATED FROM SEOPW TAX
INCREMENT FUND, "OTHER GRANTS AND AIDS," ACCOUNT CODE NO,
10050.920101.883000.0000.00000.
WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("CRA")
is responsible for carrying out community redevelopment activities and projects within the Southeast
Overtown/Park West Redevelopment Area in accordance with its approved Redevelopment Plan; and
WHEREAS, maintaining existing businesses, attracting new businesses, and providing better
employment opportunities for residents are stated objectives of the Redevelopment Plan, at page 13,
Section III. B.; and
WHEREAS, the Board of Commissioners, by Resolution CRA-R-07-0034, passed and adopted
on July 30, 2007, authorized funding, in an amount not to exceed $500,000, for grants to businesses
in the vicinity of the CRA's 3rd Avenue Business Corridor for renovations and tenant improvements,
provided that any grant in excess of $4,500 be presented to the Board for ratification: and
WHEREAS, the CRA advertised the availability of this grant program; and
WHEREAS, the CRA has identified five businesses in need of grant assistance for tenant
improvements to the retail space at New Arena Square; and
WHEREAS, the building's owner has agreed to perform the construction, and signed a
restrictive covenant limiting the rent charged on the retail space to $500 per month per bay, for a
period of five years; and
WHEREAS, the Board of Commissioners wishes to authorize grants for the tenant
improvements;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE
• SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY OF THE CITY
Citj' of Ilion;i Page 1 of 2 Printed On: 12/6/200
File Number: 07-01493
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OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted
by reference and incorporated herein as if fully set forth in this Section.
Section 2. Grants, in a total amount not to exceed $240,000, to King of Poultry, Inc., Da Candy
Shop, Inc., James Forbes, Derrick Coleman, and Milano Pasta & Pizza, Corp. for interior build -out of
six retail bays at New Arena Square, 268 NW 11 Street, Miami, FL, under the renovation/tenant
improvement grant initiative authorized by Resolution No. CRA-R-07-0034, is authorized.
Section 3. The Executive Director is authorized to execute all documents necessary for said
purpose.
Section 4. The Executive Director is authorized, at his discretion, to disburse the grant on a
reimbursement basis, or directly to sub -grantees and vendors, upon receipt of invoices and
satisfactory documentation.
Section 5. Funds are to be allocated from SEOPW Tax Increment Fund, "Other Grants and
Aids," Account Code No. 10050.920101.883000.0000.00000.
Section 6. This Resolution shall become effective immediately upon its adoption.
AS APP
0 FORM AND CORRECTNESS:
JORGE L F NANDEZ
GENERA CcUNSEL
Cif}' cif Miami Page 2 of 2 Printed On: 12/6/2007