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HomeMy WebLinkAboutCRA-R-08-0043 Cover MemoSEOPW & Omni Boards of Commissioners Meeting September 3, 2008 Item # 7 SOUTHEAST OVERTOWN/PARK WEST AND OMNI COMMUNITY REDEVELOPMENT AGENCIES INTER -OFFICE MEMORANDUM To: Board Chair Michelle Spence -Jones Date: August 25, 2008 File: 08-00937 and Members of the CRA Board From: James H. Villacorta Executive Director Subject: Resolution Authorizing Agreement with Curtis Group Team for DRI Increment III. References: Enclosures: Legislation BACKGROUND: It is recommended that the Board of Commissioners of the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") approve and adopt the attached Resolution authorizing execution of a professional services agreement with The Curtis Group, in an amount not to exceed $743,500, for implementation of Increment III of the CRA's Master Development Order as a Development of Regional Impact within the existing boundaries of the Southeast Overtown/Park West Redevelopment Area ('Increment III) with the option to include the expanded CRA boundaries and/or the Miami World Center project at an additional cost contingent upon further Board approval. On March 12, 2008, the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") issued a Request for Qualifications (RFQ) for complete services for implementation of Increment III. Three responses to the RFQ were received by the Clerk of the Board on April 11, 2008 and forwarded to the CRA for consideration. On May 19, 2008, the Board of Commissioners, by Resolution No. CRA-R-08-0028, directed the Executive Director to negotiate with The Curtis Group and present a professional services agreement to the Board for its approval. The Scope of Work submitted by The Curtis Group provides for the implementation of Increment III, at a cost not to exceed $743,500. Additionally, the agreement provides the option to include the expanded boundaries, at an additional cost not to exceed $895,000, and/or the Miami World Center Project at an additional cost not to exceed $500,000. The exercise of either of these two options is contingent upon further Board approval. JUSTIFICATION: Implementation of Increment III will facilitate redevelopment of the Southeast Overtown/Park West Community Redevelopment Area by obtaining approval of development credits for the area. FUNDING: $743,500 from SEOPW Tax Increment Fund, entitled "Professional Services - Other," Account Code No. 10050.920101.5310000.0000.00000. JHV/pk