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HomeMy WebLinkAboutCRA-R-14-0036 Cover MemoSEOPW Board of Commissioners Meeting April 28, 2014 SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Board Chair Keon Hardemon Date: April 18, 2014 File: 14-00403 and Members of the CRA Board Subject: Resolution Authorizing Expenditure of Funds for Expenses Related to 925 NW 2nd Avenue From: Clarence E. Woods, III References: Executive Director Enclosures: Supporting Documentation; Legislation BACKGROUND: The attached Resolution of the Board of Commissioners of the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") authorizes the expenditure of funds, in an amount not to exceed $15,000, for expenses related to the security and maintenance of 925 NW 2nd Court, Miami, Florida. The CRA acquired the property at 925 NW 3rd Avenue, Miami, Florida; however, the condition of the building on said property is in disrepair, and must be secured.. JUSTIFICATION: Section 163.370(2)(e), Florida Statutes, permits the acquisition of real property, together with any improvements thereon. FUNDING: $15,000 is to be allocated from SEOPW Tax Increment Fund, entitled "Construction In Progress" Account Code No. 10050.920101.670000.0000.00000.