HomeMy WebLinkAboutCRA-R-09-0004 Cover Memo•
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SOUTHEAST OVERTOWN/PARK WEST
AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
INTER -OFFICE MEMORANDUM
SEOPW & Omni Boards of Commissioners Meeting
January 26, 2009
Item # 6
To: Board Chair Michelle Spence -Jones Date: January 16, 2009 File: 09-00039
and Members of the CRA Board
Subject: Resolution Authorizing the Creation of the
Small Business Economic Stimulus and
Job Creation Grant Program.
From: James H. Villacort L References:
Executive Director
Enclosures: Supporting Documentation;
Legislation
BACKGROUND:
It is recommended that the Boards of Commissioners of the Southeast Overtown/Park West and Omni
Redevelopment District Community Redevelopment Agencies approve and adopt the attached Joint Resolution
authorizing the creation of the Small Business Economic Stimulus and Job Creation Grant Program, in a total
amount not to exceed $100,000, to provide grants to small businesses for equipment and fixtures, interior
renovations, insurance, security systems, marketing and advertising, and utilities.
At its November 24, 2008 CRA Board meeting, the Boards of Commissioners directed the Executive Director to
identify, research and establish a small business economic stimulus program to assist businesses in the
Redevelopment Areas. This Grant Program was developed to make funds available to small businesses and
allow them to better weather the current economic slowdown. The maximum allowable grant under the Program
may not exceed $5,000.
JUSTIFICATION:
Section III, B., at page 13 of the 1982 Southeast Overtown/Park West Community Redevelopment Plan, as
amended, lists "[m]aintain[ing] existing business and attract[ing] new business,... [p]rovid[ing] opportunities for
[residents] to manage and own businesses,... [and providing b]etter employment opportunities and upward job
mobility for residents" as stated redevelopment objectives Section III.D., paragraphs 5-6, at page 10, of the
Omni Area Redevelopment Plan, as amended, lists "[p]rovid[ing] opportunities for [residents] to manage and
own businesses,... [and p]rovid[ing] employment opportunities and upward job mobility for residents" as stated
redevelopment objectives. This Resolution accomplishes these objectives.
FUNDING: $50,000 from SEOPW Tax Increment Fund, "Other Grants and Aids," Account Code No.
10050.920101.883000.0000.00000; and $50,000 from Omni Tax Increment Fund, "Other Grants and Aids,"
Account Code 10040.920101.883000.0000.00000.
JHV/pk