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HomeMy WebLinkAboutCRA-R-10-0016 Legislation Version 3 2-11-2010City of Miami Legislation CRA Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 09-0119 Final fiction Date: A RESOLUTION OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY AUTHORIZING A GRANT, IN AN AMOUNT NOT TO EXCEED $260,000, UNDER THE RENOVATION/TENANT IMPROVEMENTS GRANT INITIATIVE AUTHORIZED BY RESOLUTION NO. CRA-R-07-0034, TO TWO GUYS RESTAURANT, INC. FOR TENANT IMPROVEMENTS TO THE COMMERCIAL SPACE AT 236 N.W. 14TH STREET, MIAMI, FLORIDA; AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY FOR SAID PURPOSE, IN A FORM ACCEPTABLE TO GENERAL COUNSEL; ALLOCATING FUNDS FROM SEOPW TAX INCREMENT FUND, "OTHER GRANTS AND AIDS," ACCOUNT CODE NO. 10050.920101.883000.0000.00000. WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within the Redevelopment Area in accordance with its approved Redevelopment Plan; and WHEREAS, Section 2, Goal 4/Principle 6, at pages 11 and 15, of the 2009 Southeast Overtown/Park West Community Redevelopment Plan lists "creating jobs within the community" which "entails both the support and enhancement of existing businesses and local entrepreneurs and the attraction of new businesses that provide needed services and economic opportunities;" and WHEREAS, 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 above $4,500 be presented to the Board for ratification; and WHEREAS, the CRA owns the building at 1201 N.W. 3rd Avenue, Miami, Florida, and is soliciting proposals to redevelop the site as a mixed -use housing and retail project; and WHEREAS, Two Guys Restaurant, Inc. ("Two Guys") is a tenant in the building, a portion of which has been declared an unsafe structure by the City of Miami and must be relocated before the CRA can undertake redevelopment of the site; and WHEREAS, Two Guys is seeking a grant to assist with tenant improvements for its new location at 236 N.W. 14th Street, Miami, Florida; and WHEREAS, the Board of Commissioners wishes to authorize a grant, in an amount not to exceed $260,000, to Two Guys Restaurant, Inc., under the Renovation/Tenant Improvements Grant Initiative authorized by Resolution No. CRA-R-07-0034; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY OF THE CITY City of Miami Page 1 of 2 File Id: 09-0119 (Version: 2) Printed On: 2.5/2010 File Number 09-0119 OF MIAMI, FLORIDA. Section 1, The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated herein as if fully set forth in this Section. Section 2. A grant, in an amount not to exceed $260.000, under the Renovation/Tenant Improvements 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 236 N.W. 14th Street, Miami, Florida,, for use as a restaurant, is authorized. Section 3. The Executive Director is authorized to execute all documents necessary for said purpose, in a form acceptable to General Counsel. Section 4. Funds to be allocated from SEOPW Tax Increment Fund, "Other Grants and Aids," Account Code No. 10050.920101.883000.0000.00000. Section 5. This Resolution shall be come effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: JULIE O. BRU GENERAL COUNSEL City of Miami Pugs 2 of 2 File Id: 09-0119 ; F'crsian: 2) Printed On: 2/5/2010