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HomeMy WebLinkAboutCRA-R-11-0032City of Miami Legislation CRA Resolution: CRA-R-11-0032 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 11-00550 Final Action Date: 6/27/2011 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY AUTHORIZING THE ISSUANCE OF A GRANT, IN AN AMOUNT NOT TO EXCEED $1,120,088, TO THE CITY OF MIAMI FOR THE DEVELOPMENT OF THE OVERTOWN GREENWAY FROM NW 3 AVENUE TO NW 7 AVENUE ALONG NW 11 TERRACE; AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS, AT HIS DISCRETION, ON A REIMBURSEMENT BASIS OR DIRECTLY TO VENDORS, UPON PRESENTATION OF INVOICES AND SATISFACTORY DOCUMENTATION; FURTHER AUTHORIZING THE EXECUTION OF ALL DOCUMENTS NECESSARY FOR SAID PURPOSE, IN A FORM ACCEPTABLE TO GENERAL COUNSEL; ALLOCATING FUNDS FROM SEOPW TAX INCREMENT FUND, "OTHER GRANTS AND AIDS," ACCOUNT CODE NO. 10050.920101.883000.0000.00000 WHEREAS, the Southeast Overtown/Park West Redevelopment District Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within its Redevelopment Area in accordance with its approved Redevelopment Plan; and WHEREAS, Section 2, at page 12, of the 2009 Southeast Overtown Park West Redevelopment Plan, lists "Improving the Quality of Life" as one of the six main goals and guiding principles of the plan and requires the development of greenways as part of meeting these objectives; and WHEREAS, the City of Miami ("City") and the CRA wish to develop the Overtown Greenway by creating a decorative pedestrian pathway and installing landscaping, lighting, benches, play areas and signage; and WHEREAS, the City has acquired other funds for this project including $461,905 in transit surtax dollars, $1,079,879 from an FDOT/Safe Routes to School grant and $374,128 from current gas tax funds; and WHEREAS, the City now requests financial assistance for its matching funds for an estimated project total of $3,036,000; and WHEREAS, the Board of Commissioners wishes to authorize the issuance of a grant, in an amount not to exceed $1,120,088 ("Grant"), to the City to aid in its matching funds for the development of this section of the Overtown Greenway; and WHEREAS, the issuance of the Grant to the City is contingent upon the City's receipt of the other funds; City of Miami Page 1 of 2 File Id: 11-00550 (Version: 1) Printed On: 11/17/2022 File Number: 11-00550 Enactment Number: CRA-R-11-0032 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated herein as if fully set forth in this Section. Section 2. The issuance of a Grant, in an amount not to exceed One Million One Hundred Twenty Thousand and Eighty Eight Dollars ($1,120,088.00), to the City of Miami to aid in the development of the Overtown Greenway, is authorized. Section 3. The Executive Director is authorized to disburse funds, at his discretion, on a reimbursement basis or directly to vendors, upon presentation of invoices and satisfactory documentation. Section 4. The Executive Director is authorized to execute all documents necessary for said purpose, in a form acceptable to General Counsel. Section 5. Funds to be allocated from SEOPW Tax Increment Fund, "Other Grants and Aids," Account Code No. 10050.920101.883000.0000.00000 Section 6. This resolution shall become effective immediately upon its adoption. City of Miami Page 2 of 2 File Id: 11-00550 (Version: 1) Printed On: 11/17/2022