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HomeMy WebLinkAboutCRA-R-11-0016 03-28-2011 Cover MemoSEOPW Board of Commissioners Meeting March 28, 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: March 18, 2011 File: 11-00258 Subject: One -Year Extension of Folklife Fridays Program 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 $100,000, payable at a rate of $25,000 per quarter for a one (1) year period, to New Washington Heights Community Development Conference, Inc. for its Folklife Fridays open-air market. Folklife Fridays is a monthly open-air market on the 9th Street Pedestrian Mall that showcases local vendors, selling a variety of items, such as arts & crafts, books, jewelry, clothing, and food. The monthly event supports and enhances existing businesses and local entrepreneurs while attracting new business and promoting the culture and heritage of the Overtown community. The CRA proposes to extend the program for an additional year, with the grant to be on a quarterly basis, and subject to the quarterly review and approval of the Executive Director. JUSTIFICATION: Section 2, Goal 5/Principle 6, at pages 11 and 15, of the 2009 Southeast Overtown/Park West Community Redevelopment Plan lists the promotion of "local cultural events, institutions, and businesses," as a stated redevelopment goal. Section 2, Goal 5/Principle 14, at pages 11 and 17, of the 2009 Southeast Overtown/Park West Community Redevelopment Plan lists "restor[ing] a sense of community and unify[ing] the area culturally," as a stated redevelopment goal. This Resolution carries out these goals. FUNDING: $100,000 from SEOPW Tax Increment Fund, "Other Grants and Aids," Account Code No. 10050.920101.883000.0000.00000.