HomeMy WebLinkAboutCRA-R-14-0002 Cover Memo (2)SEOPW Board of Commissioners Meeting
December 18, 2013
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Keon Hardemon Date: December 12, 2013 File: 13-01222
and Members of the CRA Board
Subject: Resolution Authorizing Lease Agreement for
CRA's Office Space
From: Clarence E. Woods, III g14)References:
Executive Director
Enclosures: Legislation
BACKGROUND:
The attached Resolution of the Board of Commissioners of the Southeast Overtown/Park 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 2n' 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 3`d 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.
10030.920101.544000.000 0.00 000 .