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HomeMy WebLinkAboutCRA-R-14-0030 Cover MemoSEOPW Board of Commissioners Meeting October 28, 2013 SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Board Chair Michelle Spence -Jones and Members of the CRA Board From: Clarence E. Woods, Ill Executive Director !/toi Date: October 18, 2013 File: 13-01215 Subject: Resolution Authorizing Grant for Renovation of Dunn Hotel References: Enclosures: Supporting Documentation; Legislation BACKGROUND: The attached Resolution of the Board of Commissioners of the Southeast OvertownfPark West Community Redevelopment Agency ("CRA") authorizes the issuance of a grant, in an amount not to exceed $175,000, to JEJ Properties, Inc. ("JEJ") for the renovation and rehabilitation of the Dunn Hotel, 1028 NW 3rd Avenue, Miami, Florida. JEJ owns the Dunn Hotel, 1028 NW 3"d Avenue, Miami, Florida. Built in 1938, the Dunn Hotel served as one of many hotels along NW 3rd Avenue that catered to many prominent Black entertainers. The current condition of the Dunn Hotel requires extensive rehabilitation in order to attract prospective commercial operators, and as such, JEJ has requested support from the CRA for the rehabilitation. JUSTIFICATION: Page 11, of the 2009 Southeast Overtown/Park West Community Redevelopment Plan ("Plan") sets forth the preservation of historic buildings and community heritage as a stated redevelopment goal. The Plan, at pages 15 — 16, also provides that: local cultural events, institutions and businesses should be promoted; older buildings that embody the area's cultural past should be restored and maintained; and the area's sense of community should be restored and unified culturally. FUNDING: $175,000 are to be allocated from SEOPW Tax Increment Fund, entitled 'Other Grants and Aids" Account Code No. 10050.920101.883000.0000.00000.