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HomeMy WebLinkAboutCRA-R-11-0062City of Miami Legislation CRA Resolution: CRA-R-11-0062 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 11-01110 Final Action Date: 11/28/2011 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY AUTHORIZING A GRANT IN AN AMOUNT NOT TO EXCEED SIXTEEN THOUSAND FOUR HUNDRED SEVENTY FIVE DOLLARS ($16,475), TO DOLPHIN COIN LAUNDRY, INC., TO UNDERWRITE COSTS ASSOCIATED WITH THE RENOVATION OF A VACANT COMMERCIAL STRUCTURE, TO HOUSE A LAUNDROMAT, AT 158 NORTHWEST 14TH STREET, MIAMI; AUTHORIZING THE EXECUTIVE DIRECTOR, AT HIS DISCRETION, TO DISBURSE THE GRANT ON A REIMBURSEMENT BASIS OR DIRECTLY TO VENDORS, UPON PRESENTATION OF INVOICES AND SATISFACTORY DOCUMENTATION; AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY FOR SAID PURPOSE, IN A FORM ACCEPTABLE TO GENERAL COUNSEL; ALLOCATING FUNDS FROM OMNI TAX INCREMENT FUND, "OTHER GRANTS AND AIDS," ACCOUNT CODE NO. 10040.920101.883000.0000.00000. WHEREAS, the Omni 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, the Omni Redevelopment Plan lists, at page 38, providing incentives and strategies for public/private development as a stated objective and encourages the redevelopment of blighted properties and the rehabilitation and maintenance of existing viable structures; and WHEREAS Dolphin Coin Laundry, Inc. will house a Laundromat which will provide a viable use for residents, while renovating a blighted building within the redevelopment area; and WHEREAS, the funding request to the CRA represents approximately 2% of the estimated $684,240.68 project budget and will be used to reimburse the Applicant/Owner for interior and exterior renovation costs, including, but not limited to, flooring, lighting, painting, and an exterior fence; and WHEREAS, the Board of Commissioners wishes to authorize a grant in an amount not to exceed Sixteen Thousand Four Hundred Seventy Five Dollars ($16,475), to Dolphin Coin Laundry, Inc. to underwrite costs associated with the renovation of a vacant commercial structure, to house a Laundromat, located at 158 Northwest 14th Street, Miami, Florida. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE OMNI 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. City of Miami Page 1 of 2 File Id: 11-01110 (Version: 1) Printed On: 11/7/2022 File Number: 11-01110 Enactment Number: CRA-R-11-0062 Section 2. A grant in an amount not to exceed Sixteen Thousand Four Hundred Seventy Five Dollars ($16,475), to Dolphin Coin Laundry, Inc. to underwrite costs associated with the renovation of a vacant commercial structure, to house a Laundromat, located at 158 Northwest 14th Street, Miami, Florida, is authorized. Section 3. The Executive Director is authorized, at his discretion, to disburse the grant 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 are to be allocated from Omni Tax increment Fund, "Other Grants and Aids," Account Code No. 10040.920101.883000.0000.00000. Section 6. This resolution shall become effective immediately upon its adoption. City of Miami Page 2 of 2 File Id: 11-01110 (Version: 1) Printed On: 11/7/2022