HomeMy WebLinkAboutCRA-R-13-0038City of Miami
Legislation
CRA Resolution: CRA-R-13-0038
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 13-00732 Final Action Date: 6/24/2013
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
AUTHORIZING AN EXPENDITURE OF ADDITIONAL FUNDS, IN THE AMOUNT OF
$350,000, FORA TOTAL AMOUNT NOT TO EXCEED $1,350,000, FOR THE
RENOVATION AND REHABILITATION OF THE OVERTOWN SHOPPING CENTER,
1490 NW 3RD AVENUE, MIAMI, FLORIDA ("PROPERTY"); AUTHORIZING THE
EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY FOR SAID
PURPOSE; ALLOCATING FUNDS FROM 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 the 2009 Southeast Overtown/Park West Redevelopment
Plan ("Plan"); and
WHEREAS, Principle 1, at page 13, of the Plan provides that "neighborhood -serving
commercial uses, such as pharmacies, grocery stores, bank branches, dry cleaners, restaurants, day
care facilities, and entertainment establishments ... should be incorporated into the neighborhood
fabric to serve the population;" and
WHEREAS, Principle 10, at page 16, of the Plan, also provides that "sound urban design,
attractive buildings, and streetscapes are essential to having streets that are both functional and
visually attractive;" and
WHEREAS, the CRA owns the Overtown Shopping Center, at 1490 NW 3rd Avenue, Miami,
Florida ("Property"); and
WHEREAS, on March 25, 2013, the Board of Commissioners, by Resolution No.
CRA-R-13-0020, authorized the expenditure of funds in the amount of $1,000,000, for the renovation
and rehabilitation of the Property (the "Project"), accepted the selection of TGSV Enterprises, Inc.
("TGSV") as the contractor for the Project, authorized the performance of a Phase I evaluation and
assessment of the Property by TGSV, and authorized the CRA to negotiate an agreement with TGSV
for the Project based upon TGSV's Phase I evaluation and assessment; and
WHEREAS, the CRA received the Phase I evaluation and assessment which outlined the
conditions of the Property, and determined the extent of rehabilitation necessary for tenant
occupancy at the Property; and
WHEREAS, the Project requires additional funding due to the conditions of the Property
revealed by the Phase I evaluation and assessment; and
City of Miami Page 1 of 2 File Id: 13-00732 (Version: 1) Printed On: 10/26/2022
File Number: 13-00732 Enactment Number: CRA-R-13-0038
WHEREAS, the Board of Commissioners wishes to authorize an expenditure of additional
funds in the amount of $350,000, for a total amount not to exceed $1,350,000, for the Project; and
WHEREAS, the Board of Commissioners finds that the adoption of this Resolution would
further the aforementioned redevelopment goals and principles;
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 expenditure of additional funds in the of $350,000, for a total amount not to
exceed $1,350,000, for the renovation and rehabilitation of the Overtown Shopping Center, 1490
N.W. 3rd Avenue, Miami, Florida ("Property"), is hereby authorized.
Section 3. The Executive Director is authorized to execute all agreements and documents
necessary for said purpose.
Section 4. Funds are to be allocated from SEOPW Tax Increment Fund, "Construction in
Progress," Account Code No. 10050.920101.670000.0000.00000.
Section 5. This Resolution shall become effective immediately upon its adoption.
City of Miami Page 2 of 2 File Id: 13-00732 (Version: 1) Printed On: 10/26/2022