HomeMy WebLinkAboutCRA-R-08-0021 Cover Memo•
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SOUTHEAST OVERTOWN/PARK WEST
AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
INTER -OFFICE MEMORANDUM
SEOPW & Omni Boards of Commissioners Meeting
April 28, 2008
Item # 7
To: Board Chair Michelle Spence -Jones Date: April 18, 2008 File: 07-01500
and Members of the CRA Board
Subject: Resolution Authorizing a Grant to Brenda
Killens Evans for Rental Rehab.
From: James H. Viilacorta` References:
Executive Directo^
Enclosures: Supporting Documentation; Legislation
BACKGROUND:
The attached Resolution authorizes a grant, in an amount not to exceed $187,500, to Brenda Killens Evans for
rehabilitation of a vacant six (6) unit apartment building at 160 N.W. 11 Terrace in Overtown.
On December 18, 2006, the Board of Commissioners directed the CRA to identify rental housing units in need of
rehabilitation. The vacant units at 160 N.W. 11 th Terrace are in dire need of rehabilitation. Ms. Killens Evans
has requested a grant to rehabilitate the units and has provided quotes from three (3) contractors. In exchange
for the grant, Ms. Killens Evans has agreed to execute a restrictive covenant limiting the allowable rents for a
period of five (5) years.
JUSTIFICATION:
The "rehabilitation of existing housing ....provid[ing] opportunit[ies] for residents to continue to live in Overtown,
[and]... removing] slum and blight conditions" are all stated objectives of the Redevelopment Plan. (See Section
III, B., at page 13, of the 1982 Southeast Overtown / Park West Community Redevelopment Plan as amended).
This Resolution accomplishes the objectives of the Redevelopment Plan and the direction of the Board of
Commissioners.
FUNDING: $187,500 from SEOPW Tax Increment Fund, entitled "Construction in Progress," Account No.
10050.920101.670000.0000.00000.
JHV/pk