HomeMy WebLinkAboutCRA-R-09-0006 Cover Memo•
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SEOPW & Omni Boards of Commissioners Meeting
January 26, 2009
Item # 8
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: January 16, 2009 File: 09-00040
Subject: Resolution Approving Wrap -Around Rehab
Program Guidelines.
From: James H. Villacorta,-i)u/ References:
Executive Director
Enclosures: Legislation
BACKGROUND:
It is recommended that the Boards of Commissioners of the Southeast Overtown/Park West and Omni
Redevelopment District Community Redevelopment Agencies ("CRAs") approve and adopt the attached Joint
Resolution authorizing amendment of the grant agreement with Downtown Miami Partnership, Inc. ("DMP") to
reflect the revised program guidelines for the "Wrap -Around Building Rehab Program."
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 DMP to provide partial funding for a "Wrap -
Around Building Rehab Program" ("Program"). By Resolution No. CRA-R-07-0032, passed and adopted on July
30, 2007, the Boards of Commissioners expanded the scope of the program to include preservation and
restoration of historic buildings, and allocated additional funds, in an amount not to exceed $450,000. By
Resolution No. CRA-R-08-0051, passed and adopted on September 3, 2008, the Boards of Commissioners
eliminated the 25% match for residential property owners and qualifying small businesses. DMP has provided
revised program guidelines to reflect these changes, and provide clarity. This resolution authorizes amendment
of the grant agreement to reflect these changes. The remaining balances in the Omni and SEOPW CRA are
$315,375 and $285,775, respectively.
JUSTIFICATION:
This resolution authorizes amendment of the grant agreement with DMP for its "Wrap -Around Building Rehab
Program" to clarify and reflect changes authorized by the Boards of Commissioners.
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