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HomeMy WebLinkAboutCRA-R-14-0021 Cover MemoOmni Board of Commissioners Meeting March 5th, 2014 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Board Chair Marc D. Sarnoff and Members of the CRA Board Date: February 19th, 2014 File: Subject: Annual Compensation for the Horsepower Electric, Inc. From: Pieter A. Bockweg References: Executive Director Enclosures: Supporting Documentation; Legislation BACKGROUND: A Resolution of the board of Commissioner of the OMNI Redevelopment District Community Development Agency (OMNI CRA) authorizing the exercise of the second one-year renewal option under the agreement with Horsepower Electric, Inc. for maintenance of certain streetlights, for a total amount not to exceed $15,000 for the year. JUSTIFICATION: Section 4.4, D., at page 42, of the 2009 OMNI Redevelopment plan lists the "[Enhancement of ] the area's visual attractiveness to businesses and residents," as a stated redevelopment objective. The resolution provides funding for these services. FUNDING: Allocating funds from OMNI Tax Increment Fund, "Other Contractual Services," Account code no. 10040.920501.53 4000.0000.00000.