HomeMy WebLinkAboutCRA-R-08-0051 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: 08-00999 Final Action Date:
A JOINT RESOLUTION OF THE BOARDS OF COMMISSIONERS OF THE
SOUTHEAST OVERTOWN/PARK WEST AND OMNI REDEVELOPMENT
DISTRICT COMMUNITY REDEVELOPMENT AGENCIES WAIVING THE 25%
MATCH REQUIREMENT UNDER DOWNTOWN MIAMI PARTNERSHIP'S
"WRAP -AROUND BUILDING REHAB PROGRAM FOR RESIDENTIAL BUILDINGS
AND BUILDINGS OCCUPIED BY SMALL BUSINESSES, AS DEFINED BY THE
UNITED STATES SMALL BUSINESS ADMINISTRATION;" AUTHORIZING THE
EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY FOR
SAID PURPOSE.
WHEREAS, the Southeast Overtown/Park West and Omni Redevelopment District Community
Redevelopment Agencies ("CRAs") are responsible for carrying out community redevelopment
activities and projects within their respective Redevelopment Areas in accordance with their approved
Redevelopment Plans; and
WHEREAS, the Boards of Commissioners, by Resolution No. CRA-R-05--0038, • passed and
adopted on November 3, 2005, authorized a grant, in an amount not to exceed $312,500, to the
Downtown Miami Partnership to provide partial funding for its "Wrap -Around Building Rehab Program"
("Wrap -Around Program"); and
WHEREAS, the Boards of Commissioners, by Resolution No. CRA-R-07-0032, passed and
adopted on July 30, 2007, amended Resolution No. CRA-R-05-0038 to expand the scope of the grant
for the Wrap -Around Program to include preservation and restoration of historic buildings, and further
allocated additional funds, in an amount not to exceed $450,000 to the Wrap -Around Program; and
WHEREAS, the remaining balances in the Omni CRA and the SEOPW CRA are $315,375 and
$285,775, respectively; and
WHEREAS, grantees requesting a grant under the Wrap -Around Program are currently
required to provide 25% in matching funds; and
WHEREAS, many of the owners of residential properties and small businesses within the
Redevelopment Areas would participate in the Wrap -Around Program, but are unable to provide the
requisite matching funds; and
WHEREAS, the Boards of Commissioners wish to waive the 25% match requirement under the
Wrap -Around Program for residential property owners and qualifying small businesses;
• NOW, THEREFORE, BE IT RESOLVED BY THE BOARDS OF COMMISSIONERS OF THE
SOUTHEAST OVERTOWN/PARK WEST AND OMNI REDEVELOPMENT DISTRICT COMMUNITY
City of Miami
Page 1 of 2 Printed 0,n: 8/27/2008
File Number 08-00999
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REDEVELOPMENT AGENCIES OF THE CITY OF MIAMI, FLORIDA:
Section 1. The recitals and finds contained in the Preamble to this Resolution are adopted
by reference and incorporated herein as if fully set forth in this Section.
Section 2. The waiver of the 25% match requirement under Downtown Miami Partnership's
"Wrap -Around Building Rehab Program for residential buildings and buildings occupied by small
businesses, as defined by the United States Small Business Administration is authorized.
Section 3. The Executive Director is authorized to execute all documents necessary for
said purpose.
Section 4. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
JULIEOBRU
GENERAL COUNSEL
760
Chi' of Miami
Page 2 of 2
Printed On: 8/27/2008