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HomeMy WebLinkAboutCRA-R-10-0066 Cover Memo 09-20-2010SEOPW Board of Commissioners Meeting September 20, 2010 SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Board Chair Richard P. Dunn II Date: September 10, 2010 File: 10-01084 and Members of the CRA Board From: Pieter Bockweg Executive Director Subject: Resolution Authorizing Expenditures and Grants for 2010 Art Basel Events. References: 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 expenditures and grants, in an amount not exceed $50,000, in support of 2010 Art Basel -related events within the Redevelopment Area. Expenditures or grants in excess of $4,500 shall be brought before the Board for ratification. JUSTIFICATION: Section 2, Goal 5/Principle 6, at pages 11 and 15, of the 2009 Southeast Overtown/Park West Redevelopment Plan, lists "[promoting] Modal cultural events," as a stated redevelopment goal. This Resolution carries out this goal. FUNDING: $50,000 from SEOPW Tax Increment Fund, "Other Grants and Aids," Account Code No. 10050.920101.883000.0000.00000.