HomeMy WebLinkAboutCRA-R-14-0029 Signed LegislationCity of Miami
Legislation
CRA Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamlgov.com
File Number: 14-00264
Final Action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
AUTHORIZING ISSUANCE OF A GRANT, IN AN AMOUNT NOT TO EXCEED
$75,000, TO HEADLINER MARKET GROUP, INC. TO UNDERWR1TE COSTS
ASSOCIATED WITH THE PRODUCTION OF THE 2014 OVERTOWN MUSIC &
ARTS FESTIVAL, SCHEDULED TO OCCUR ON JUNE 14, 2014; AUTHORIZING
THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS, AT HIS DISCRETION, ON A
REIMBURSEMENT BASIS OR DIRECTLY TO VENDORS, UPON PRESENTATION
OF INVOICES AND SATISFACTORY DOCUMENTATION; FURTHER AUTHORIZING
THE EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY FOR
SAID PURPOSE; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO
APPROVE BUDGET MODIFICATIONS UNDER THE GRANT, PROVIDED THAT
THE OVERALL AMOUNT OF GRANT FUNDING APPROVED BY THE BOARD OF
COMMISSIONERS IS NOT INCREASED; ALLOCATING FUNDS FROM SEOPW
TAX INCREMENT FUND ENTITLED, "OTHER GRANTS AND AIDS,' ACCOUNT
CODE NO. 10050.920101.883000.0000.00000.
WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") is
responsible for carrying out community redevelopment activities and projects within its Redevelopment
Area in accordance with the 2009 Southeast Overtown/Park West Redevelopment Plan (the "Plan");
and
WHEREAS, Section 2, Goal 5, at page 11, of the Plan lists the promotion of "local cultural
events, institutions, and businesses," and restoration of "a sense of community and unification of the
area culturally," as a stated redevelopment goals and objectives; and
WHEREAS, established in 2001, HMG is a promotions and marketing company that has
successfully produced numerous music industry -related events; and
WHEREAS, and seeks to leverage its experience and industry contacts in order to attract
visitors to the Southeast Overtown/Park West Redevelopment Area by producing the 2014 Overtown
Music & Arts Festival ("Festival") for purposes of stimulating the local economy; and
WHEREAS, the Festival is scheduled to occur on June 14, 2014 along NW 3rd Business
Corridor Avenue between NW 9th and NW 11 th Streets during the hours of 11 a.m. to 6 p.m, and
admission would be free to the public; and
WHEREAS, the Festival will entail a showcase of local vendors highlighting their artwork, local
food, and local services, two stages featuring national and local music artists, and a dedicated "Kid
Zone" wherein youth will be able to experience arts and culture through participation in specially
designed hands-on activities.
WHEREAS, the Board of Commissioners wishes to authorize the issuance of a grant, in an
City of Miami Page 1 of 2 File Id; 14 00264 (Version; 1) Printed On:3/21/2014
Filo Number. 14-00264
amount not to exceed $75,000, to HMG to underwrite costs associated with the production of the
Festival; and
WHEREAS, the Board of Commissioners finds that this Resolution furthers the CRA's
redevelopment goals and objectives set forth in the Plan;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY OF THE CITY
OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated herein es if fully set forth In this Section.
Section 2. The Board of Commissioners hereby authorizes the issuance of a grant, in an
amount not to exceed $76,000, to Headliner Market Group, Inc. to underwrite costs associated with
the production of the 2014 Overtowri Music & Arts Festival, scheduled to occur on June 14, 2014.
Section 3. The Executive Director is authorized to disburse funds, at his discretion, on a
reimbursement basis or directly to vendors, upon presentation of invoices and satisfactory
documentation.
Section 4. The Executive Director is authorized to execute all documents necessary for
said purpose.
Section 5. The Executive Director is authorized to approve budget modifications under the
grant, provided that the overall amount of grant funding authorized by the Board of Commissioners is
not increased.
Section 6. Funds are to be allocated from SEOPW Tax Increment Fund, entitled "Other
Grants and Aids," Account Code No. 10050.920101.883000.0000.00000.
Section 7. This Resolution shall become effective immediately upon its adoption.
APPROVED A
Ir
JESSrA N. PACHECO, ESQ.
SPECIAL COUNSEL
0 FORM AND LEGAL SUFFICIENCY:
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