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HomeMy WebLinkAboutCRA-R-10-0073 Legislation 09-20-2010City of Miami Legislation CRA Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 10-00690 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY AUTHORIZING EXPENDITURES AND GRANTS, IN AN AMOUNT NOT TO EXCEED $50,000, IN SUPPORT OF 2010 ART BASEL-RELATED EVENTS WITHIN THE REDEVELOPMENT AREA; PROVIDING THAT ANY EXPENDITURE OR GRANT IN EXCESS OF $4,500 SHALL BE BROUGHT BEFORE THE BOARD FOR RATIFICATION; AUTHORIZING THE EXECUTIVE DIRECTOR, AT HIS DISCRETION, TO DISBURSE GRANT FUNDS ON A REIMBURSEMENT BASIS OR DIRECTLY TO SUB -GRANTEES AND VENDORS, UPON PRESENTATION OF INVOICES AND SATISFACTORY DOCUMENTATION; FURTHER AUTHORIZING THE EXECUTION OF ALL DOCUMENTS NECESSARY FOR SAID PURPOSE, IN A FORM ACCEPTABLE TO GENERAL COUNSEL; ALLOCATING FUNDS FROM OMNI TAX INCREMENT FUND, "OTHER GRANTS AND AIDS," ACCOUNT CODE NO. 10040.920101.883000.0000.00000. WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within the Redevelopment Area in accordance with its approved Redevelopment Plan ; and WHEREAS, Section 4.4, D., at page 41, of the 2009 Omni Redevelopment Plan, lists the "[creation of] a sustainable regional destination and identity by capitalizing on the development of the Performing Arts Center and the Media/Entertainment District," as a stated redevelopment objective; and WHEREAS, the Board of Commissioners wishes to authorize expenditures and grants, in an amount not to exceed $50,000, in support of 2010 Art Basel events within the Redevelopment Area; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated herein as if fully set forth in this Section. Section 2. Expenditures and grants, in an amount not to exceed $50,000, in support of 2010 Art Basel -related events within the Redevelopment Area are authorized; provided that any expenditure or grant in excess of $4,500 shall be brought before the Board for ratification. Section 3. The Executive Director is authorized, at his discretion, to disburse grant funds on a reimbursement basis or directly to sub -grantees and vendors, upon presentation of invoices and satisfactory documentation. City of Miami Page 1 of 2 File Id: 10-00690 (Version: 1) Printed On: 9/14/2010 File Number: 10-00690 Section 4. The Executive Director is authorized to execute all documents necessary for said purpose, in a form acceptable to General Counsel. Section 5. Funding to be allocated from Omni Tax Increment Fund, "Other Grants and Aids," Account Code No. 10040.920101.883000.0000.00000. Section 6. This resolution shall become effective immediately upon its adoption . APPROVED AS TO FORM AND CORRECTNESS: JULIE O. BRU GENERAL COUNSEL Cify of Miami Page 2 of 2 File Id: 10-00690 (Version: 1) Printed On: 9/14/2010