HomeMy WebLinkAboutCRA-R-09-0025 Cover Memo•
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SEOPW & Omni Boards of Commissioners Meeting
April 27, 2009
Item # 7
SOUTHEAST OVERTOWN/PARK WEST
AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
INTER -OFFICE MEMORANDUM
To: Board Chair Michelle Spence -Jones Date: April 17, 2009 File: 09-00038
and Members of the CRA Board
From: James H. Villacortal19
Executive Director
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Subject: Resolution Accepting Request to Terminate
Grant Agreement for Build -Out of Tenant
Space at 1035 N.W. 3rd Avenue, Miami,
Florida.
References:
Enclosures: Supporting Documentation; Legislation
BACKGROUND:
It is recommended that the Board of Commissioners of the Southeast Overtown/Park West Community
Redevelopment Agency ("CRA") approve and adopt the attached Resolution accepting the request to terminate
the grant agreement for build -out of the commercial space at 1035 N.W. 3`d Avenue, Miami, Florida.
On December 12, 2007, the Board of Commissioners, by Resolution No. CRA-R-07-0051, authorized a grant, in
an amount not to exceed $35,095, to James Forbes d/bla "Forbes Photography" ("Forbes") for build -out of the
commercial space at 1035 N.W. 3`d Avenue, Miami, Florida ("Project"). On January 11, 2008, the CRA and
Forbes entered into a grant agreement setting forth the terms and conditions of the grant ("grant agreement").
While the CRA has completed the Project, Forbes has informed the CRA that he is unable to meet the financial
obligations of operating a storefront business, and has requested termination of the grant agreement.
JUSTIFICATION:
Honoring the request for termination will allow the CRA to proceed with obtaining a tenant for the storefront.