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HomeMy WebLinkAboutCRA-R-08-0065 Cover MemoSEOPW & Omni Boards Of Commissioners Meeting November 24, 2008 Item#7 SOUTHEAST OVERTOWN/PARK WEST AND OMNI COMMUNITY REDEVELOPMENT AGENCIES INTER -OFFICE MEMORANDUM To: Board Chair Michelle Spence -Jones and Members of the CRA Board Date: November 14, 2008 File: 07-01117 Subject: Resolution Authorizing the Expenditure of Additional Funds for the Design and Re - Construction of Old Fire Station No. 2. From: James H. VillacortReferences: Executive Direct() Enclosures: Supporting Documentation; Legislation BACKGROUND: It is recommended that the Board of Commissioners of the Omni Redevelopment District Community Redevelopment Agency ("CRA") approve and adopted the attached Resolution authorizing the expenditure of additional funds, in an amount not to exceed $3,200,000, for a total amount not to exceed $4,000,000, for the design and re -construction of Old Fire Station No. 2, at 1401 North Miami Avenue, and the adjacent parcel at 1441 North Miami Avenue, Miami, Florida ("Old Fire Station No. 2"). Old Fire Station No. 2 is listed on the National Register of Historic Places, and was transferred to the CRA along with the adjacent parcel by the City of Miami with the understanding that the CRA would restore and preserve the building. The Board of Commissioners, by Resolution No. CRA-R-06-0009, passed and adopted on March 9, 2006, authorized $800,000 as preliminary funding for the rehabilitation of Old Fire Station No. 2. The City of Miami has agreed to coordinate the design and re -construction of Old Fire Station No. 2, and has provided a preliminary estimate of $4,000,000. JUSTIFICATION: Section III.C., paragraph 4 of the Plan lists "[the] encouragement ofj preservation and restoration of historic buildings" as a stated redevelopment objective. This Resolution furthers that objective by restoring a building that is listed on the United States' National Register of Historic Places. FUNDING: $3,200,000, from Omni Tax Increment Fund, "Construction In Progress," Account Code No. 10040.920101.670000.0000.00000. JHV/pk