HomeMy WebLinkAboutCRA-R-10-0026 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 Bold
From: James H. Villacorta
Executive Director
Date: April 16, 2010 File: 10-00533
Subject: Resolution Authorizing the Purchase of
Property at 300 N.W. 11 th Street, 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 authorizing the purchase of the
property at 300 Northwest 11th Street, Miami, Florida, for an amount not to exceed $300,000, plus customary
closing costs, adjustments, and pro -rations.
This property is listed on the State of Florida and the City of Miami registries of historic properties. The
purchase of this property will allow the CRA to preserve a historic site in Overtown as well as provide a multi-
purpose meeting center for residents within the Redevelopment Area.
JUSTIFICATION:
Section 2, Goal 1/Principle 8, at pages 11 and 15, of the 2009 Southeast Overtown/Park West Community
Redevelopment Plan, lists [p]reserving historic buildings and community heritage;" and that "[o]Ider buildings
that embody the area's cultural past should be restored;" as stated redevelopment goals.
This Resolution carries out these goals.
FUNDING: $300,000 from SEOPW Tax Increment Fund, "Purchase Land," Account Code No.
10050.920101.662000.0000.00000.