HomeMy WebLinkAboutCRA-R-10-0029 Backup 4-26-2010THE BLACK ARCHIVES
HISTORY & RESEARCH FOUNDATION OF SOUTH FLORIDA, INC.
Board of Directors April 12, 2010
Gwendolyn N. Welters
Chair James L. Villacorta
Miami SEOPW CRA
49 NW 5th Street
Garth C. Reeves Miami, FL 33128
Vice Chair
Steven J. Henriquez, CPA
Treasurer
Ruth Clyne
Dorothy Jenkins Fields, Ph.D.
Clarence E. Smith, AID
.Founder
Dorothy Jenkins Fields, Ph.D.
Executive Director
Timothy A. Barber
Dear Mr. V illacorta,
1 am writing this letter in reference to the Lease agreement between The
Black Archives and the Southeast Overtown Park West Community
Redevelopment Agency signed on March 31, 2003. 1 would like to request
that the insurance requirements enumerated in this agreement be revisited.
Maintaining the current coverage amount is becoming, for us, a financial
strain that we believe can be mitigated. My assumption is that the $5
million of aggregate coverage that is required by the lease may have been
the standard in 2003. However, as that was seven years ago, it follows that
this amount is no longer a standard. 1 have come to find that the City of
Miami's risk management department now exercises a requirement of $2
million in aggregate insurance. I ask that you have your Risk Management
department review the possibility of adjusting the requirements set forth in
the lease to match the current City of Miami risk management
requirements.
As you know, we are a 501(c)(3) non-profit organization and a reduction in
insurance premiums would certainly help to alleviate some of the burdens
of our operationing budget. We, here at The Black Archives, would greatly
appreciate your assistance in this matter, This gesture would be a
substantive step towards helping us advance our goals for prograinming in
the Overtown community moving forward.
5100 n� ur 22'd Avenue, Box 300 Building C. Suite 101, Miami, Florida 33142-3009
J IVV IY. YY. hh
TEL 305.636.2390 FAX 305.636.2391
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