HomeMy WebLinkAboutCRA-R-10-0095 11-18-2010 Cover MemoOmni Board of Commissioners Meeting
November 18, 2010
OMNI REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Marc D. Sarnoff
and Members of the CRA Board
From: Pieter A. Bockweg
Executive Director
Date: November 8, 2010 File: 10-01313
Subject: Resolution Authorizing Grants Under the
2010 Art Basel Grant Program.
References:
Enclosures: Supporting Documentation; Legislation
BACKGROUND:
It is recommended that the Board of Commissioners of the Omni Redevelopment District Community
Redevelopment Agency ("CRA") approve and adopt the attached Resolution authorizing the issuance of grants,
in a total amount not to exceed $50,000, to Brainspeed Productions, Inc., Espacio Miami Properties, LLC, Metro
1 Properties, Inc., and Miami -Miami Beach Biennale, Inc. under the 2010 Art Basel Grant Program.
The Board of Commissioners, by Resolution No. CRA-R-10-0073, passed and adopted on September 20, 2010,
authorized the issuance of grants for Art Basel -related events held within the Omni Redevelopment Area during
Art Basel Week. In response, the CRA has received a number of applications requesting over $400,000 in
grants. The total funding, however, was limited to $50,000.
The CRA has selected Brainspeed Productions, Espacio Miami Properties, Metro 1 Properties, and Miami -
Miami Beach Biennale as awardees.
JUSTIFICATION:
Section 4.4, B., 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.
This Resolution carries out this objective.
FUNDING: $50,000 from Omni Tax Increment Fund, "Other Grants and Aids," Account Code No.
10040.920101.883000.0000.00000.