HomeMy WebLinkAboutCRA-R-11-0006 01-24-2011 Cover MemoSEOPW Board of Commissioners Meeting
January 24, 2011
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: January 14, 2011 File: 11-00041
Subject: Grant to Omni Park West Redevelopment
Association for Multi -Use Outdoor Festival
Space.
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 issuance of a grant,
in an amount not to exceed $200,000, to Omni Park West Redevelopment Association, Inc. to underwrite a
portion of the costs associated with the construction of a multi -use outdoor festival space, located at 700 N.W.
1st Avenue, Miami, Florida.
The Omni Park West Redevelopment Association proposes to construct a multi -use outdoor festival space at
700 N.W. 1st Avenue, Miami, Florida, the former location of the demolished Miami Arena. The proposed
improvements will remove the existing blighting conditions at the Arena site, and provide community services,
including parking facilities, outdoor concerts, a drive-in theatre, a farmer's market, etc. The project also includes
aesthetic improvements, such as a pedestrian -friendly tree canopy and green area along North Miami Avenue.
The grant will be conditioned upon the Association (a) executing a lease agreement with the owner of record of
the Arena site in a form reasonably satisfactory to the Executive Director; and (b) obtaining all necessary
approvals/permits from the City of Miami.
JUSTIFICATION:
Section 2, Goal 6/Principle 5, at pages 11 and 14, of the 2009 Southeast Overtown/Park West Redevelopment
Plan lists "[i]mproving the quality of life for residents," and that "[walking] within the neighborhood must be .. .
pleasant," as stated redevelopment goals.
Section 2, Goal 2/Principle 11, at pages 11 and 16, of the 2009 Southeast Overtown/Park West Redevelopment
Plan lists "[e]xpanding the tax base using smart growth principles," and the encouragement of 24-hour
environments to serve as "... a catalyst for economic vitality and attracting businesses and residents," as stated
redevelopment goals.
This Resolution carries out these goals.
FUNDING: $200,000 from SEOPW Tax Increment Fund, "Other Grants and Aids," Account Code No.
10050.920101.883000.0000.00000.