HomeMy WebLinkAboutCRA-R-14-0028 Cover MemoSEOPW Board of Commissioners Meeting
February 24, 2014
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Keon Hardemon
and Members of the CRA Board
Date: February 14, 2013 File: 14-00146
From: Clarence E. Woods, 11I UV) References:
Executive Director
Subject: Resolution Authorizing Commercial Lease
with VSMD Food Corp. for Commercial Space
at the Overtown Shopping Center.
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 VSMD Food Corp.
("VSMD"), as the sole proposer in response to RFP No. 13-007, for the lease of commercial space at the
Overtown Shopping Center, 1490 NW 3`d Avenue, Unit 101, 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.
VSMD Food Corp. submitted the one and only proposal for Unit 101 and seeks to open a grocery store on the
Property.
JUSTIFICATION:
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.