HomeMy WebLinkAboutCRA-R-12-0053City of Miami
Legislation
CRA Resolution: CRA-R-12-0053
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 12-00818 Final Action Date: 7/30/2012
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
AUTHORIZING THE ISSUANCE OF A GRANT, IN AN ADDITIONAL AMOUNT OF
$40,000, FOR A TOTAL AMOUNT NOT TO EXCEED $335,000, TO TOWN PARK
VILLAGE NO. 1, INC., TO UNDERWRITE THE COST ASSOCIATED WITH THE
PURCHASE AND INSTALLATION OF A FIRE ALARM SYSTEM, IN COMPLIANCE
WITH THE REQUIREMENTS FOR THE 40-YEAR RECERTIFICATION OF
AFFORDABLE HOUSING LOCATED AT 1680 NW 4TH AVENUE, MIAMI, FLORIDA
33136; AUTHORIZING THE EXECUTIVE DIRECTOR, AT HIS DISCRETION, TO
DISBURSE THE GRANT ON A REIMBURSEMENT BASIS, OR DIRECTLY TO
SUPPLIERS AND VENDORS, UPON RECEIPT 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 THE SEOPW TAX
INCREMENT FUND, "CONSTRUCTION IN PROGRESS," ACCOUNT CODE NO.
10050.920101.670000.0000.00000.
WHEREAS, the Southeast Overtown/Park West 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, Town Park Village No. 1, located at 1680 NW 4th Avenue, Miami, Florida 33136
are residential buildings comprising of 149 units, in the Southeast Overtown/Park West CRA area.
Due to deferred maintenance, these structures do not meet the requirements for the 40-year
recertification and are in need of immediate repairs to preserve these buildings and bring the
structures up to City of Miami Code; and
WHEREAS, the Southeast Overtown/Park West Community Redevelopment Plan, goal 3,
Principals 2 and 3, at page 14, state that neighborhoods should retain access to affordable housing
and strive to provide a mix of housing types, including rental units...to accommodate existing and
future residents of the redevelopment area; and
WHEREAS, the Board of Commissioners, by Resolution No. CRA-R-12-0013, passed and
adopted on February 27, 2012, authorized a grant to Town Park Village No. 1, Inc., in an amount not
to exceed $295,000, to underwrite the cost associated with repairs and improvements, and 40-year
recertification; and
WHEREAS, Town Park Village No. 1, Inc. requires the purchase and installation of a fire alarm
system, in three of its buildings, in order to meet the requirements for the 40-year recertification,
which requires an additional expense of about $40,000; and
WHEREAS, the Board of Commissioners wishes to authorize the issuance of a grant to Town
City of Miami Page 1 of 2 File Id: 12-00818 (Version: 1) Printed On: 11/1/2022
File Number: 12-00818 Enactment Number: CRA-R-12-0053
Park Village No 1, Inc., in an additional amount of $40,000, for a total amount not to exceed
$335,000, for the purchase and installation of a fire alarm system, in compliance with the
requirements for the 40-year recertification of this affordable housing structure;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE
SOUTHEAST OVERTOWN/PARK WEST 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 to Town Park Village No 1, Inc., in an additional amount of
$40,000, for a total amount not to exceed $335,000, for the purchase and installation of a fire alarm
system, in compliance with the requirements for the 40-year recertification of this affordable housing
structure at 1680 NW 4th Avenue, Miami, Florida 33136, is authorized.
Section 3. The Executive Director is authorized, at his discretion, to disburse said grant funds
on a reimbursement basis, or directly to suppliers and 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 SEOPW Tax Increment Fund, "Construction in
Progress," Account Code No. 10050.920101.670000.0000.00000.
Section 6. This resolution shall become effective immediately upon its adoption.
City of Miami Page 2 of 2 File Id: 12-00818 (Version: 1) Printed On: 11/1/2022