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HomeMy WebLinkAboutCRA-R-13-0063 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 Fro Date: September 20, 2013 File:13-01130 Subject: Resolution Authorizing Conditional Grant to People Helping People Self Reliance, Inc. Clarence E. Woods, 111 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") authorizes a grant, in an amount not to exceed $200,000, to People Helping People Self Reliance, Inc. ("Grantee") for the rehabilitation of property at 210 NW 164h Street, Miami, Florida ("Property"), provided that Grantee can demonstrate the Project's viability and Grantee's ability to maintain the proposed improvements to the Executive Director within 90 days. The attached Resolution also authorizes the deallocation of the grant in the event the Grantee is unable to make the aforementioned demonstration within 90 days, to the Executive Director's satisfaction. The Grantee owns a six (6) unit residential building at 210 N.W. 16th Street, Miami, Florida (Property"), and said units are in need of rehabilitation. The Grantee has requested a grant from the CRA in order to undertake the rehabilitation of the Property ("Project"). The CRA has requested that the Grantee provide information and documentation supporting the Grantee's request for grant funding, including a scope of work for the proposed Project, and an explanation as to the proposed use of the rehabilitated Property. Moreover, the CRA has also requested a Project budget reflecting other committed sources of funding, given that additional funds beyond the CRA's potential contribution would be needed in order to complete the proposed rehabilitation. Notwithstanding the CRA's request, the Grantee has not demonstrated the Project's viability, or Grantee's ability to maintain the proposed improvements to the Property. Additionally, CRA staff has requested a management plan for the continued maintenance of the Property once rehabilitated. This would include the Grantee's ability to adequately insure the Property and the improvements made thereon. However, such a plan has not been presented to CRA staff for consideration. Lastly, the Grantee has verbally represented to CRA staff that the Project and Property would be overseen by a third party property management company. However, the Grantee has not provided any documentation reflecting a relationship with such a third party. While CRA staff recognizes the rehabilitation of the Property would be a proper redevelopment activity, execution of a grant agreement with the Grantee and the disbursement of grant funds should be premised upon the Grantee demonstrating the viability of the Project and the Grantee's ability to maintain the improvements. JUSTIFICATION: Section 2, Goal 3, at page 11 of the 2009 Southeast Overtown/Park West Community Redevelopment Plan ("Plan") lists "creati[on of] infill housing, diversity in housing types, and retaining affordable housing," as a stated redevelopment goal. Section 2, Principle 2, at page 14, of the Plan provides that "[t]he neighborhood . , . retain access to affordable housing ...." FUNDING: $200,000 from SEOPW Tax Increment Fund, entitled "Other Grants and Aids," Account Code No. 10050.920101.883000.0000.00000. The Board of Commissioners, by Resolution No. CRA-R-12-0049, passed and adopted on July 30, 2012, directed the Executive Director to budget $500,000 for the rehabilitation of affordable and workforce mousing located within the Redevelopment Area. In turn, the grant authorized by the attached Resolution would be drawn from the previously budgeted amount.