HomeMy WebLinkAboutCRA-R-13-0042 Signed LegislationCity of Miami
Legislation
CRA Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamlgov.com
File Number: 13-00736 Final Action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
AUTHORIZING A GRANT INITIATIVE, IN ATOTALAMOUNT NOT TO EXCEED
$500,000, TO PROVIDE TENANT IMPROVEMENT GRANTS FOR PROSPECTIVE
TENANTS AT THE OVERTOWN SHOPPING CENTER, 1490 NW 3RD AVENUE,
MIAMI, FLORIDA; PROVIDING THAT GRANTS IN EXCESS OF $4,500 SHALL BE
PRESENTED TO THE BOARD FOR APPROVAL OR RATIFICATION; AUTHORIZING
THE EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY FOR
SAID PURPOSE; ALLOCATING FUNDS FROM SEOPW TAX INCREMENT FUND,
"OTHER GRANTS AND AIDS," ACCOUNT CODE
N O.10040.920101.883000.0000.00000.
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 6, at page 15, of the Plan provides that in order to "address and improve
the neighbor economy and expand economic opportunities of present and future residents and
businesses[,]... [it is necessary to] support and enhance existing businesses and ... attract new
businesses that provide needed services and economic opportunities... ;" and
WHEREAS, the Plan, at pages 62-63, identifies the NW 3rd Avenue Neighborhood Center as
becoming a thriving mixed -use area, which requires the CRA to "attract new businesses to NW 3rd
Avenue in anticipation of [surrounding residential development];" and
WHEREAS, the CRA owns the Overtown Shopping Center, at 1490 NW 3rd Avenue, Miami,
Florida ("Property"), and said Property is located within the NW 3rd Avenue Neighborhood Center; and
WHEREAS, the CRA is currently undertaking the renovation and rehabilitation of the Property
in order accommodate commercial tenant occupancy; and
WHEREAS, the CRA also entered into an exclusive management and leasing agreement with
WLS, L.C., d/b/a "NAI Miami Commercial Services, Worldwide" to provide property management
services for Property, including, among other things, presentation of recommendations to the CRA for
improvement allowances; and
WHEREAS, the Board of Commissioners wishes to authorize a grant initiative, in a total
amount not to exceed $500,000, for tenant improvement grants to prospective tenants at the Property
in an effort to ensure that funding is allocated for said purposes; and
WHEREAS, the Board of Commissioners finds that the adoption of this Resolution would
further the aforementioned redevelopment goals and principles;
City of Miami Page 1 of 2 File Id: 13-00736 (Version: 1) Printed On: 6/17/2013
File Number: 13-00736
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 establishment of the grant initiative, in a total amount not to exceed
$500,000, for tenant improvement grants to prospective tenants at the Overtown Shopping Center,
1490 N.W. 3rd Avenue, Miami, Florida, is hereby authorized.
Section 3. All grants in excess $4,500 shall be presented to the Board for approval or
ratification.
Section 4.
said purpose.
Section 5. Funds are to be allocated from SEOPW Tax Increment Fund, "Other Grants and
Aids," Account Code No. 10040.920101.883000.0000.00000.
The Executive Director is authorized to execute all documents necessary for
Section 6. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
JESS,ICAA . PACHECO, ESQ.
CRA SPECIAL COUNSEL
City of Miami Page 2 of 2 File Id: 13-00736 (Version: 1) Printed On: 6/17/2013