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HomeMy WebLinkAboutCRA-R-08-0021City of Miami Legislation CRA Resolution: CRA-R-08-0021 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 07-01500 Final Action Date: 4/28/2008 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY AUTHORIZING THE ISSUANCE OF A GRANT, IN AN AMOUNT NOT TO EXCEED $187,500, TO BRENDA KILLENS EVANS, TO REHABILITATE SIX (6) RESIDENTIAL RENTAL UNITS AT 160 NW 11TH TERRACE, MIAMI, FLORIDA; AUTHORIZING THE EXECUTIVE DIRECTOR, AT HIS DISCRETION, TO DISBURSE THE GRANT FUNDS ON A REIMBURSEMENT BASIS, OR DIRECTLY TO VENDORS, UPON PRESENTATION OF INVOICES AND SATISFACTORY DOCUMENTATION; AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY FOR SAID PURPOSE, IN A FORM ACCEPTABLE TO GENERAL COUNSEL; ALLOCATING FUNDS FROM SEOPW TAX INCREMENT FUND, ENTITLED "CONSTRUCTION IN PROGRESS," ACCOUNT CODE NO. 10050.920101.670000.0000.00000. WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") is responsible for carrying out redevelopment activities and projects in the Southeast Overtown/Park West Redevelopment Area; and WHEREAS, Section III.B, at page 13, of the Southeast Overtown/Park West Redevelopment Plan lists "rehabilitation of existing housing, replac[ing] dilapidated housing, [and] [p]rovid[ing] opportunit[ies] for residents to continue to live in Overtown" as stated objectives; and WHEREAS, on December 18, 2006, the Board of Commissioners directed the CRA to identify housing units in need of rehabilitation; and WHEREAS, Brenda Killens Evans owns a vacant six (6) unit residential building at 160 NW 11th Terrace in Overtown and has requested assistance in rehabilitating the building; and WHEREAS, in exchange for a grant, Brenda Killens Evans has agreed to execute a restrictive covenant limiting the allowable rents for a period of five (5) years; and WHEREAS, the Board of Commissioners wishes to authorize the grant; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY OF THE CITY 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. A grant, in an amount not to exceed $187,500, to Brenda Killens Evans for the rehabilitation of six (6) residential units at 160 NW 11th Terrace, Miami, Florida, is authorized. City of Miami Page 1 of 2 File Id: 07-01500 (Version: 11 Printed On: 1/3/2023 File Number: 07-01500 Enactment Number: CRA-R-08-0021 Section 3. The Executive Director is authorized, at his discretion, to disburse grant funds on a reimbursement basis, or directly to vendors, upon presentations of invoices and satisfactory documentation. Section 4. The Executive Director is authorized to execute all documents necessary for said purpose, in a form acceptable to General Counsel. Section 5. Funds are to be allocated from SEOPW Tax Increment Funds, entitled "Construction in Progress," Account Code No. 10050.920101.670000.0000.00000. Section 6. This Resolution shall become effective immediately upon its adoption. City of Miami Page 2 of 2 File Id: 07-01500 (Version: 11 Printed On: 1/3/2023