HomeMy WebLinkAboutCRA-R-10-0040 Cover Memo 5-13-2010SEOPW Board of Commissioners Meeting
May 13, 2010
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Richard P. Dunn II
and Members of the CRA Board
From:
James H. Villacorta
Executive Director
Date: May 11, 2010 File: 10-00608
Subject: Resolution Authorizing Execution of a
Grant Agreement With Camillus House to
Assist With its Construction of a New
Facility at 1603 N.W. 7th Ave, Miami, FL.
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 execution of a grant
agreement, in an amount not to exceed $10,000,000, payable at the rate of $2,000,000 per year for a period of
five (5) years, beginning Fiscal Year 2011 and ending Fiscal Year 2015, in substantially the attached form, with
Camillus House, Inc., to assist with its construction of a new facility at 1603 N.W. 7th Avenue, Miami, Florida.
Camillus House, Inc. ("Camillus House") intends to move its main center for treatment services to 1603 N.W. 7th
Avenue, Miami, Florida. The New Camillus House Campus will encompass seven buildings totaling
approximately 382,000 square feet, and contain a total of 340 beds ('`Project"). Per Camillus, the Project will
consist of two (2) phases and will create temporary construction jobs and new permanent jobs for residents in
the area. Camillus House requested $10,000,000 in grant assistance from the CRA, and CRA's total
contribution will be used to repay a $19,205,000 gap loan used to fund the cost of construction. The total
projected cost of the New Camillus House Campus is $81,600,000.
The Board of Commissioners, by Resolution No. CRA-R-10-0020, passed and adopted on March 25, 2010,
directed the Executive Director to negotiate a grant agreement, in a form acceptable to Special Counsel, and
present any proposed grant agreement to the Board for its consideration and, if satisfactory, approval and
award. The highlights of this agreement are set forth in the Executive Summary accompanying this item.
JUSTIFICATION:
Section 2, Goal 6, at page 11, of the 2009 Southeast Overtown/Park West Community Redevelopment Plan lists
"[i]mproving the quality of life for residents of the Redevelopment Area," as a stated redevelopment goal.
This Resolution accomplishes that goal.
FUNDING: $10,000,000 from SEOPW Tax Increment Fund, "Other Grants and Aids," Account Code No.
10050.920101.883000.0000.00000.
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