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HomeMy WebLinkAboutCRA-R-11-0002 01-24-2011 Cover MemoOmni Board of Commissioners Meeting January 24, 2011 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: January 14, 2011 File: 11-00048 Subject: Resolution Authorizing Funding for Phase I of the Miami Woman's Club Baywalk Project. References: Enclosures: 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 funding, in an amount not to exceed $46,500, to assist the City of Miami with its matching fund obligation under the Florida Inland Navigation District ("FIND") Grant, for Phase I of the Miami Woman's Club Baywalk Project. The Board of Commissioners, by Resolution No. CRA-R-10-0034, passed and adopted on April 26, 2010, authorized the CRA to join the City of Miami in applying for a FIND Grant under the 2010 Waterways Assistance Program for Phase I of the Miami Woman's Club Baywalk Project. Under the FIND Grant, the City is required to fund no less than 50% of the total project cost. These funds will be used as a match to the FIND Grant. JUSTIFICATION: Section 4.4, D., at page 42, of the 2009 Omni Area Redevelopment Plan, lists "[p]rovid[ing] a system of public open spaces" and "[m]aximiz[ing] access and views to Biscayne Bay," as stated redevelopment objectives. FUNDING: $46,500 from Omni Tax Increment Fund, "Other Grants and Aids," Account Code No. 10040.920101.883000.0000.00000.