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HomeMy WebLinkAboutCRA-R-08-0063 Cover MemoSEOPW & Omni Boards of Commissioners Meeting November 24, 2008 Item # 5 SOUTHEAST OVERTOWN/PARK WEST AND OMNI COMMUNITY REDEVELOPMENT AGENCIES INTER -OFFICE MEMORANDUM To: Board Chair Michelle Spence -Jones Date: November 14, 2008 File: 08-01334 and Members of the CRA Board Subject: Resolution Authorizing the Issuance of a Grant to St. John CDC for the Rehabilitation of the St. John Apartments at 220-250 N.W. 13th Street and 1300 N.W. 2nd Avenue, Miami, Florida. From: James H. Villacorta4J References: Executive DirectoV Enclosures: Supporting Documentation; Legislation BACKGROUND: It is recommended that the Board of Commissioners for the Southeast OvertownlPark West Community Redevelopment Agency ("CRA") approve and adopt the attached Resolution authorizing the issuance of a grant, in an amount not to exceed $400,000, to St. John Community Development Corporation, Inc. ("St. John") to rehabilitate the St. John Apartments, at 220-250 N.W. 13th Street and 1300 N.W. 2116 Avenue, Miami, Florida, provided that St. John demonstrates it has obtained the balance of funds necessary for the rehabilitation. On December 3, 2006, the Board of Commissioners directed the CRA to identify housing units in need of rehabilitation. The St. John Apartments consists of thirty-three (33) residential rental units and were constructed with HUD block grant funds, which restricts the residents' income and rent levels. Due to hurricane damage and deferred maintenance, approximately one-third of the units are vacant. St. John has obtained bids for the rehabilitation of all thirty-three (33) units at a cost of $780,000. On September 3, 2008, the Board of Commissioners, by Resolution No. CRA-R-08-0048, authorized the issuance of a grant, in an amount not to exceed $120,000, to St. John for Phase 1 of the rehabilitation, consisting of roof repairs. St. John is seeking additional funding from the CRA and other sources, including Miami -Dade County to rehabilitate the interior of the apartments. JUSTIFICATION: Section 11I.B., at Page 13, of the 1982 SEOPW Redevelopment Plan, as amended, lists the "[r]ehabilitation of existing housing, and [p]roviding opportunit[ies] for residents to continue to live in Overtown," as stated redevelopment objectives. This Resolution accomplishes these objectives. FUNDING: $400,000 from SEOPW Tax increment Fund, "Construction in Progress," Account Code No. 10050.920101.670000.0000.00000, JHV/pk