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HomeMy WebLinkAboutCRA-R-10-0016 Cover Memo 10-26-09SEOPW & Omni Boards of Commissioners Meeting October 26, 2009 Item #12 SOUTHEAST OVERTOWN/PARK WEST AND OMNI COMMUNITY REDEVELOPMENT AGENCIES INTER -OFFICE MEMORANDUM To: Board Chair Michelle Spence -Jones Date: October 16, 2009 File: 09- 01191 and Members of the CRA Board From: James H. Villacorta\V Executive Director Subject' Resolution Authorizing a Grant to Two Guys Restaurant, Inc. for Design Build Renovation of the Commercial Space at the Corner of N.W. 31T' Avenue and N.W. 14th Street for Use as a Restaurant. References: Enclosures: 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 $260,000, under the Renovation/Tenant Improvement Grant initiative authorized by Resolution No. CRA-R-07-0034, to Two Guys Restaurant, Inc. for the design build renovation of the commercial space at the corner of N.W. 3rd Avenue and N.W. 14th Street. Miami, Florida, for use as a restaurant. The Board of Commissioners, by Resolution No. CRA-R-07-0034, passed and adopted on July 30, 2007, authorized funding, in an amount not to exceed $500,000, for grants to businesses in the vicinity of the CRA's 3rd Avenue Business Corridor for renovations and tenant improvements, provided that any grant in excess of $4,500 be presented to the Board for ratification. Two Guys Restaurant, Inc. has entered a lease for a more suitable location for its restaurant at the corner of N.W. 3rd Avenue and N.W. 14th Street, Miami, Florida, and is in need of assistance for tenant improvements to the commercial space. The City of Miami's Department of Capital Improvement Programs has agreed to provide the contractors for the design and renovation of the commercial space. JUSTIFICATION: Section III.B., at page 13, of the 1982 Southeast Overtown/Park West Community Redevelopment Plan, as amended, lists [providing better employment opportunities and upward job mobility for residents" and °[m]aintain[ing] existing business[es] and attract[ing] new business[es]" as a stated redevelopment objective. This Resolution accomplishes these objectives. FUNDING: SEOPW Tax Increment Fund, "Other Grants and Aids," Account Code No. 100 50.9 20101.883000.0000.00 000