HomeMy WebLinkAboutCRA-R-13-0049 Cover MemoSEOPW Board of Commissioners Meeting
July 25, 2013
SOUTHEAST OVERTOWNIPARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Michelle Spence -Jones
and Members of the CRA Board
From: Clarence E. Woods, III
Executive Director
toi
Date: July 18, 2013 File: 13-00851
Subject: Resolution Authorizing Expenditure of Funds
for Lyric Plaza Installation..
References:
Enclosures: Supporting Documentation; 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 authorizing the expenditure of
funds, in an amount not to exceed $185,000, for the installation of the Lyric Plaza, located at 831 and 841 NW
2nd Avenue, Miami, Florida ("Lyric Plaza").
The CRA owns the Lyric Plaza, which sits adjacent to the historic Lyric Theater. The Lyric Theater is currently
undergoing an expansive renovation and is expected to be completed by September 2013. In an effort to
complement renovation of the Lyric Theater, the installation of the Lyric Plaza must occur.
JUSTIFICATION:
The 2009 Southeast Overtown/Park West Community Redevelopment Plan, at page 54, acknowledges the
need for a safe public gathering space associated with the restored and expanded Lyric Theater, and envisions
the Lyric Plaza to be the focal public open space for cultural and entertainment activities.
FUNDING:
$185,000 from SEOPW Tax Increment Fund, entitled "Construction in Progress," Account Code No.
100 50.920101.670000, 000 0.00 000 .