HomeMy WebLinkAboutCRA-R-10-0022 Cover Memo 4-26-2010SEOPW Board of Commissioners Meeting
April 26, 2010
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Richard P. Dunn II
and Members of the CRA Board
Date: April 16, 2010 File: 10-00531
Subject: Resolution Authorizing Additional Funding for
the Small Business Economic Stimulus and
Job Creation Grant Program.
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From. James H. Villacorta References:
Executive Director
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 additional funding, in
an amount not to exceed $50,000, for the Small Business Economic Stimulus and Job Creation Grant Program.
This Program was developed to make funds available to small businesses within the Redevelopment Area, and
allow them to better weather the current economic slowdown. The Program provides grants for equipment and
fixtures, interior renovations, insurance, security systems, marketing and advertising, and utilities. Additional
funding is needed to serve small businesses within the Redevelopment Area that are still affected by the
economic slowdown. The maximum allowable grant under the program may not exceed $5,000.
JUSTIFICATION:
Section 2, Goal 4/Principle 6, at pages 11 and 15, of the 2009 Southeast Overtown/Park West Redevelopment
Plan, lists "[c]reating jobs within the community:" and "the support and enhancement of existing businesses and
local entrepreneurs ... that provide needed services and economic opportunities;" as stated redevelopment
goals.
This Resolution carries out these goals.
FUNDING: $50,000 from SEOPW Tax Increment Fund, "Other Grants and Aids," Account Code No.
10050.920101.883000.0000.00000.