HomeMy WebLinkAboutCRA-R-09-0033 Cover Memo•
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SEOPW & Omni Boards of Commissioners Meeting
May 18, 2009
Item # 6
SOUTHEAST OVERTOWN/PARK WEST
AND OMNI
COMMUNITY REDEVELOPMENT AGENCIE.
INTER -OFFICE MEMORANDUM
Board Chair Michelle Spence -Jones
and Members of the CRA Board
iJate: May 8, 2009 rile. 09-00524
'_jbject: Resolution Authorizing a Grant to Botequim
Carioca Brazilian Bar & Grill, LLC to Underwrite
Costs Associated with Permit and Impact Fees,
the Installation of ADA-Compliant Restrooms,
Life -Safety Items, and Signage
From: James H. Villacort , eterences:
Executive Directo
`=rclosures: 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 authorizing a grant, in an amount
not to exceed $100,000, to Botequim Carioca Brazilian Bar & Grill, LLC ("Botequim") to underwrite costs
associated with permit and impact fees, the installation of ADA-compliant restrooms, life -safety items, and
signage for the restaurant at 900 Biscayne Boulevard, Miami, Florida.
Botequim has expended in excess of $750,000 on the build -out of the restaurant, and anticipates the creation of
approximately 30 new jobs. The firm has requested a grant, in an amount not to exceed $100,000, to off -set a
portion of the costs associated with permit and impact fees, the installation of ADA-compliant restrooms, life -
safety items, and signage for its restaurant at 900 Biscayne Boulevard, Miami, Florida.
Botequim has agreed to work with the CRA's job training institutes and to recruit employees from the
Redevelopment Areas.
JUSTIFICATION:
Section 111.B, at page 13, of the 1982 Southeast OvertownlPark West Community Redevelopment Plan fists
providing "[Wetter employment opportunities and upward job mobility for residents," and "[e]ncourag[ing] day
and night activities in Downtown Miami" as stated redevelopment objectives This Resolution furthers these
objectives.
FUNDING: $100,000 from SEOPW Tax Increment Fund, "Other Grants and Aids." Account Code No,
10050.920101.883000.0000.00000.