HomeMy WebLinkAboutCRA-R-14-0046 Signed LegislationCity of Miami
Legislation
CRA Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 14-00597 Final Action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
AUTHORIZING THE EXPENDITURE OF FUNDS, IN THE AMOUNT NOT TO
EXCEED $850,000.00, FOR THE 40-YEAR RECERTIFICATION AND
REHABILITATION OF THE PROPERTY AT 920 NW 2ND AVENUE, MIAMI,
FLORIDA; AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ALL
DOCUMENTS NECESSARY FOR SAID PURPOSE; FURTHER AUTHORIZING THE
EXECUTIVE DIRECTOR TO DISBURSE FUNDS UPON PRESENTATION OF
INVOICES AND SATISFACTORY DOCUMENTATION; FUNDS TO BE ALLOCATED
FROM SEOPW TAX INCREMENT FUND, ENTITLED "CONSTRUCTION IN
PROGRESS," ACCOUNT CODE NO. 10050.920101.670000.0000.00000
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 ("Plan"); and
WHEREAS, Goal 1, at page 11 of the Plan, provides for the "preserv[ation of] historic buildings
and community heritage"; and
WHEREAS, 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"; and
WHEREAS, 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"; and
WHEREAS, the CRA owns property at 920 NW 2nd Avenue, Miami, Florida ("Property"), which
consists of a 2-story building built in 1954; and
WHEREAS, the Property is currently vacant and requires significant rehabilitation in order to
obtain the requisite 40-year recertification; and
WHEREAS, 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; and
WHEREAS, the Board of Commissioners wishes to authorize the expenditure of funds, in an
amount not to exceed $850,000.00 for the 40-year recertification and rehabilitation of the Property;
and
WHEREAS, the Board of Commissioners finds that such an expenditure of funds would further
the aforementioned redevelopment goals and principles;
City of Miami Page 1 of 2 File Id: 14-00597 (Version: 1) Printed On: 6/24/2014
File Number: 14-00597
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 as if fully set forth in this Section.
Section 2. The Board of Commissioners hereby authorizes an expenditure of funds, in the
amount not to exceed to $850,000.00, for the 40-year recertification and rehabilitation of property at
920 NW 2nd Avenue, Miami, Florida.
Section 3. The Executive Director is authorized to execute all documents necessary for
said purpose.
Section 4. The Executive Director is further authorized to disburse funds upon
presentation of invoices and satisfactory documentation.
Section 5. Funds are to be allocated from SEOPW Tax Increment Fund, entitled
"Construction in Progress," Account Code No. 10050.920101.670000.0000.00000.
Section 6. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
JESSICA N. PACHECO, ESQ.
SPECIAL COUNSEL
City of Miami Page 2 of 2 File Id: 14-00597 (Version: 1) Printed On: 6/24/2014