HomeMy WebLinkAboutCRA-R-14-0002 Cover Memo (3)SEOPW Board of Commissioners Meeting
January 27, 2014
SOUTHEAST OVERTOWNIPARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Keon Hardemon Date: January 17, 2014 File: 13-01222
and Members of the CRA Board
From: Clarence E. Woods, III66)
References:
Executive Director
Subject: Resolution Authorizing Lease Agreement for
CRA's Office Space
Enclosures: Supporting Documentation; 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, in
substantially the attached form, 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 February 1, 2014, 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 years
of the term. This Resolution further authorizes the expenditure of funds, in an amount not to exceed $35,000,
for the installation of the CRA's telephone system and other expenses related to the CRA's relocation to the
Lyric Theater complex.
The CRA's offices are currently located at the Overtown Shopping Center, 1490 NW 3rd Avenue, Miami, Florida.
However, 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 in order to attract increased
commercial activity. 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 sufficient commercial
office space to support the CRA's operations. If this Resolution is approved, the Leased Premises would
consist of 3,274 s.f. of office and storage space, as well as access to 1,737 s.f. of shared space, including a
conference room, copy room, kitchen/break room, and reception area. 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:
Funds to be allocated from the General Operating Fund, entitled "Rental and Leases," Account Code No.
10030.920101.544000.0000.00000 as follows: $35,000 during FY 2013/2014; $72,000 during FY 2014/2015;
$72,000 during FY 2015/2016.