HomeMy WebLinkAboutCRA-R-13-0061 Cover MemoSEOPW Board of Commissioners Meeting
September 30, 2013
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Michelle Spence -Jones
and Members of the CRA Board
Date: September 20, 2013 File: 13-01004
Subject: Resolution Authorizing Expenditure of Funds
for the Purchase of Property.
From: Clarence E. Woods, MI References:
Executive Director
Enclosures: Supporting Documentation; Legislation
BACKGROUND:
The attached Resolution of the Board of Commissioners of the Southeast Overtown/Park West Community
Redevelopment Agency ("CRA") authorizing the purchase of the property at 917 NW 2nd Court, Miami, Florida,
936 NW 2nd Avenue, Miami, Florida, and 937 NW 2nd Court, Miami, Florida for an amount not to exceed
$453,810, plus customary closing costs, adjustments and prorations. This Resolution also authorizes the
Executive Director to conduct inspections and due diligence deemed necessary.
The owner of property at 917 NW 2"d Court, Miami, Florida, 936 NW 2"d Avenue, Miami, Florida, and 937 NW
2nd Court, Miami, Florida (collectively the "Property") has agreed to sell the Property to the CRA for $453,810.
The acquisition of the Property would enable the CRA to contribute to the development concept of the Historic
Folklife District.
JUSTIFICATION:
Section 163.370(2)(e), Florida Statutes, permits the acquisition of real property, together with any improvements
thereon. Section III, subsection 4, at page 97 of the 2009 Southeast Overtown/Park West Community
Redevelopment Plan provides for land acquisition to support the implementation of redevelopment projects,
goals and objectives set forth in the Plan.
FUNDING:
$453,810 is to be allocated from SEOPW Tax Increment Fund, "Land" Account Code No.
10050.920101.661000.0000.00000.