HomeMy WebLinkAboutCRA-R-11-0063 11-28-11 Cover MemoOmni Board of Commissioners Meeting
November 28, 2011
OMNI REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Marc D. Sarnoff Date: November 21, 2011 File: 11-01111
and Members of the CRA Board
From: Pieter A. Bockweg
Executive Director
Subject: Braman Auto, Inc. grant request for capital
improvements directly related to the
installation of a 12" water main.
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 the issuance of a grant,
in amount not to exceed One Hundred Fifty Thousand Three Hundred Fifty Eight Dollars and Sixty Cents
($150,358.60), to Braman Auto Inc., to underwrite costs for capital improvements directly related to the
installation of a 12" water main needed for the development and construction of a new sales showroom at 1930
NE Second Avenue.
The funding request to the CRA represents approximately 6% of the estimated $ 2.46 million project budget and
will be used to reimburse the Applicant/Owner for installation of a new '12" water main. This Project site is
located in a priority business section of the redevelopment area.
JUSTIFICATION:
This water main installation supports the infrastructure in the area, not only for Braman Auto, Inc., for any future
development projects that occur along Northeast Second Avenue.
The CRA, as part of its Redevelopment Plan, has identified water and sewer upgrades in this area, in an effort
that these infrastructure upgrades will serve to attract private business investment and development.
The Board, pursuant to Resolution No. CRA-R-08-0049, passed and adopted September 3, 2008, authorized
and allocated 6.5 million dollars for the design and installation of upgrades to the water and sewer facilities in
the Omni redevelopment area. The subject funds will come from these allocated funds.
Braman Auto, Inc. will reimburse the CRA for any credits that may be issued by Miami Dade County Water and
Sewer Department ("WASD") for the installation and connection of this 12" water main.
FUNDING:
$150,358.60 from the OMNI Tax Increment Fund, "Other Grants and Aids," Account Code No.
10040.920101.883000.0000.0000