HomeMy WebLinkAboutCRA-R-14-0046 Cover MemoSEOPW Board of Commissioners Meeting
June 30, 2014
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Keon Hardemon
and Members of the CRA Board
From: Clarence E. Woods, Ill
Executive Director
Date: June 20, 2014 File: 14-00597
Subject: Resolution Authorizing Expenditure of Funds
for 40-Year Recertification on 920 NW 2nd
Avenue
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 an expenditure of funds, in an amount not to exceed $850,000.00,
for the 40-year recertification and rehabilitation of property at 920 NW 2nd Avenue, Miami, Florida ("Property").
The CRA owns the Property, which consists of a 2-story building built in 1954. The Property is currently vacant
and requires significant rehabilitation in order to obtain the requisite 40-year recertification.
Given that the Property is located within the Historic Folklife Village, it is the CRA's intention to rehabilitate the
Property in order to attract third -party commercial operators. As with all other CRA-owned property, once the
40-year recertification and rehabilitation is finalized, a Request for Proposals would be issued pursuant to
Section 163.380(3)(a), Florida Statutes, for the leasehold occupancy by a third -party commercial operator.
JUSTIFICATION:
Section 2, Goal 1, at page 11 of the 2009 Southeast Overtown/Park West Community Redevelopment Plan
("Plan") lists "preserv[ation of] historic buildings and community heritage" as a stated redevelopment goal.
Principle 9, at page 15 of the Plan, provides that "new and rehabilitated buildings must respond to our climate
and reflect the community's cultural heritage." Principles 10 and 11, at page of the Plan, also provide that
"streets and buildings must be attractive, and "24-hour environments should be encouraged."
FUNDING:
$860,000 from SEOPW Tax increment Fund, entitled "Construction in Progress," Account Code No.
10050.920101.670000.0000.00000.