HomeMy WebLinkAboutCRA-R-14-0026 Cover MemoSEOPW Board of Commissioners Meeting
March 31, 2014
SOUTHEAST OVERTOWNIPARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Keon Hardemon
and Members of the CRA Board
From: Clarence E. Woods, III C
Executive Director
Date: March 21, 2013 File: 14-00267
Subject: Resolution Authorizing Commercial Lease
with Nancy Beauty Supply, Inc.
References:
Enclosures: Supporting Documentation; Legislation
BACKGROUND:
The attached Resolution of the Board of Commissioners of the Southeast Overtown/Park West Community
Redevelopment Agency ("CRA") authorizes execution of a commercial lease agreement with Nancy Beauty
Supply, Inc., as the sole proposer in response to RFP No. 13-007, for the lease of commercial space at the
Overtown Shopping Center, 1490 NW 3rd Avenue, Unit 109, Miami, Florida.
The CRA owns the Overtown Shopping Center, at 1490 NW 3rd Avenue, Miami, Florida ("Property"), and said
Property is located within the NW 3rd Avenue Neighborhood Center. In order to attract and accommodate
commercial tenants, the CRA is currently undertaking the renovation and rehabilitation of the Property.
Pursuant to Section 163,380(3)(a), Florida Statutes, the CRA issued Request for Proposals No. 13-007 on
November 7, 2013, wherein is sought proposals for persons interested in leasing commercial space at the
Property. On December 9, 2013, the CRA received three (3) proposals, each for different units at the Property.
Nancy Beauty Supply, Inc. submitted the one and only proposal for Unit 109 and seeks to relocate its business
to the Property.
JUSTIFICATION:
Section 2, Goal 5, at page 11, of the Plan lists the promotion of "local cultural events, institutions, and
businesses," as a stated redevelopment goal. Principle 6, at page 15, of the Plan also provides that in order to
"address and improve the neighbor economy and expand economic opportunities of present and future
residents and businesses[,]... [it is necessary to] support and enhance existing businesses and ... attract new
businesses that provide needed services and economic opportunities ...." The Plan, at pages 62-63, identifies
the NW 3rd Avenue Neighborhood Center as becoming a thriving mixed -use area, which requires the CRA to
"attract new businesses to NW 3rd Avenue in anticipation of [surrounding residential development]."
FUNDING:
This Resolution does not commit funding.