HomeMy WebLinkAboutCRA-R-14-0002 Cover MemoSEOPW Board of Commissioners Meeting
October 28, 2013
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Michelle Spence -Jones
and Members of the CRA Board
From: Clarence E. Woods, Ill
Executive Director
Date: October 18, 2013 File: 13-01222
Subject: Resolution Authorizing Lease Agreement for
CRA's Office Space
References:
Enclosures: Legislation
BACKGROUND:
The attached Resolution of the Board of Commissioners of the Southeast OvertownlPark West Community
Redevelopment Agency ("CRA") authorizes the Executive Director to enter into a lease agreement with the
Black Archives, History and Research Foundation of South Florida, Inc. ("BAF") for the CRA's office space at
the Lyric Theater complex, 819 NW 2nd Avenue, Miami, Florida, for a term of three (3) years, commencing
December 1, 2013, with rent waived for the first year of the term, and rent set at $6,000 per month, or an annual
amount of $72,000, including taxes and utilities, for the second and third year of the term.
The CRA's offices are currently located at the Overtown Shopping Center, 1490 NW 3rd Avenue, Miami, Florida.
The Board of Commissioners, by Resolution Nos. CRA-R-13-0020 and CRA-R-13-0038, authorized the
expenditure of funds for the renovation of the Overtown Shopping Center. Due to the renovation of the
Overtown Shopping Center, the CRA is required to relocate its offices.
BAF is finalizing the extensive rehabilitation of the Lyric Theater complex, which includes a sufficient office to
support the CRA's operations. BAF has agreed to waive rent payments for the first year of the CRA's term, and
set the monthly rent payment for the second and third year of the term at $6,000 per month, or an annual
amount of $72,000, including any taxes, utilities.
JUSTIFICATION:
Section 163.370(2)(e)2, Florida Statutes, authorizes the CRA to enter into leases for property.
FUNDING:
$144,000 are to be allocated from General Operating Fund, entitled "Rental and Leases," Account Code No.
10050.920101.544000.0000.00000.