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HomeMy WebLinkAboutCRA-R-13-0046 Cover MemoSEOPW Board of Commissioners Meeting July 25, 2013 SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY 1NTER-OFFICE MEMORANDUM To: Board Chair Michelle Spence -Jones and Members of the CRA Board Date: July 18, 2013 File: 13-00848 Subject: Resolution Deallocating Greenway Project, and Authorizing Additional Funding for Gibson Park. FrorrS:n`Clarence E. Woods, 111 References: xecutive Director Enclosures: Legislation BACKGROUND: It is recommended that the Board of Commissioners of the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") approve and adopt the attached Resolution deallocating $1,120.088 previously authorized by Resolution No. CRA-R-11-0032 for the development of the Greenway, from NW 3rd Avenue t NW 7th Avenue, along NW 11th Terrace, Miami, Florida, and authorizing the expenditure of additional funds, in an amount not to exceed $1,000,000, for additional upgrades and improvements to Gibson Park, 401 NW 3rd Avenue, Miami, Florida, provided that said additional funding is equally matched by other funding sources. The City of Miami's ("City") Department of Capital Improvement Program ("CIP") is currently engaged in the renovation of Gibson Park, which includes: (1) a community center and an aquatics center; (2) sports field improvements; (3) landscape improvements; and (4) park amenities, including a children's play area, a perimeter walking trail, and parking. The Board of Commissioners, by Resolution No. CRA-R-09-0012, passed and adopted on February 23, 2009, authorized a grant, in an amount not to exceed $1,000,000, to the City to underwrite a portion of the costs associated with the renovation of Gibson Park. On March 15, 2010, the Board of Commissioners authorized additional funding to the City, for the amount of $8,000,000, plus interest, in the form of repayment of the Sunshine State loan taken by the City to fund the renovation of Gibson Park. The Board of Commissioners, by Resolution No. CRA-R-11-0058, passed and adopted on November 28, 2011, provided additional funding, in an amount not to exceed $2,800,000 for the design and construction of an indoor basketball gymnasium at Gibson Park. On April 29, 2013, the Board of Commissioners, by Resolution No. CRA-R-13-0030, authorized additional funding in an amount not to exceed $600,000, for the design and construction of classrooms and recreational spaces in the Gymnasium at Gibson Park. The community has requested a number of additional upgrades and improvements beyond those originally anticipated for Gibson Park, and said upgrades and improvements are valued at an additional $2,000,000. A private third party has recently approached the CRA about donating approximately $1,000,000, towards the costs of said additional upgrades and improvements if the CRA would agree to match this donation. JUSTIFICATION: Section IV.D., at page 31, of the Southeast Overtown/Park West Community Redevelopment Plan provides that "the provision of adequate community facilities and services is essential in order to complement redevelopment activities proposed for Overtown ...." FUNDING: $1,000,000 from SEOPW Tax Increment Fund, entitled "Other Grants and Aids," Account Code No. 10050.920101.883000.0000.00000, provided that said additional funding is equally matched by other funding sources.