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HomeMy WebLinkAboutCRA-R-10-0096 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: 10-01319 Subject: Grant to Downtown Miami Partnership, Inc. for the Operation of an Art Basel Shuttle. 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 a grant, in an amount not to exceed $5,000, to Downtown Miami Partnership, Inc. ("DMP") to underwrite the costs associated with the operation of a shuttle to events within the Omni Redevelopment Area during Art Basel week. The proposed shuttle will transport individuals, during Art Basel week, from events hosted at other locations in Downtown Miami to Art Basel -related events hosted within the Omni Redevelopment Area. This grant to DMP will further the CRA's support of Art Basel week. 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. Section 4.4, B., at page 41, of the 2009 Omni Redevelopment Plan lists the "[creation of] economic magnets to draw more businesses to the Omni area to compliment established activities in the surrounding area," as a stated redevelopment objective. FUNDING: $5,000 from Omni Tax Increment Fund, "Other Grants and Aids," Account Code No. 10040.920101.883000.0000.00000.