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HomeMy WebLinkAboutCRA-R-10-0102 11-29-2010 Cover MemoSEOPW Board of Commissioners Meeting November 29, 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: Pieter A. Bockweg Executive Director Date: November 19, 2010 File: 10-01343 Subject: Expenditure of Funds for the Interior Demolition and Build -Out of the Property Located at 300 N.W. 11th Street, Miami, Florida. 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 the expenditure of funds, in an amount not to exceed $1,500,000, for the interior demolition and build -out of the property located at 300 N.W. 11th Street, Miami, Florida. The Board of Commissioners, by Resolution No. CRA-R-10-0026, passed and adopted on May 13, 2010, authorized the purchase of the historic church property located at 300 N.W. 11th Street, Miami, Florida, for its continued preservation and rehabilitation. Potential uses of the property include: (1) neighborhood activity/meeting center; (2) community computer lab center; and (3) banquet facility. The shell (exterior components) of the property are in good condition, however, for any future use, the interior will require a complete demolition and build -out. JUSTIFICATION: Section 2, Goal 1/Principle 8, at pages 11 and 15, of the 2009 Southeast Overtown/Park West Community Redevelopment Plan, lists "[p]reserving historic building and community heritage;" and that "[o]Ider buildings that embody the area's cultural past should be restored;" as stated redevelopment goals. This Resolution carries out these goals. FUNDING: $1,500,000 from SEOPW Tax Increment Fund, "Construction in Progress," Account Code No. 10050.920101.670000.0000.00000.