HomeMy WebLinkAboutCRA-R-14-0063 Cover MemoSEOPW Board of Commissioners Meeting
October 27, 2014
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Keon Hardemon
and Members of the CRA Board
Date: October 17, 2014 File: 14-01060
Subject: Resolution Authorizing Commercial Lease
with Herman Payne, Jr. and Tenant
Improvement Grant.
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 execution of a commercial lease with Herman Payne, Jr. (Mr.
Payne"), as the sole proposer in response to RFP No. 13-007, for the lease of commercial space at the
Overtown Shopping Center, 1490 N.W. 3rd Avenue, Unit 104, Miami, Florida. This Resolution also authorizes
the issuance of a grant, in an amount not to exceed $100,000, to Mr. Payne to underwrite costs associated with
tenant improvements to the unit proposed to be leased.
The CRA owns the Overtown Shopping Center, at 1490 N.W. 3rd Avenue, Miami, Florida ("Property"), and said
property is located within the N.W. 3r Avenue Neighborhood Center. In order to attract and accommodate
commercial tenants, the CRA is currently undertaking renovation and rehabilitation of the Property.
Pursuant to Section 163.380(3)(a), Florida Statutes, the CRA issued Request for Proposals No. 13-007 on
November 7, 2013, wherein it sought proposals for persons interested in leasing commercial space at the
Property. Mr. Payne submitted the one and only proposal for Unit 104 and seeks to operate Caring Touch
Barbershop, a full service barbershop, at the Property.
Caring Touch Barbershop has been serving the Overtown community since 1959 and is currently located at
1028 N.W. 3rd Avenue, Miami, FL 33136. If awarded Unit 104, Mr. Payne has requested assistance with tenant
improvements. Although the CRA renovated much of the Property, renovation and rehabilitation of the
individual commercial spaces is outside of the scope of the overall renovations. Notwithstanding, in anticipating
the need to provide tenant improvement grants in order to attract tenants to the Property, the Board of
Commissioners, by Resolution No. CRA-R-13-0042, passed and adopted on June 24, 2013, authorized a grant
initiative, in a total amount not to exceed $500,000, to provide tenant improvement grants for prospective
tenants at the Property. This Resolution does not commit any additional funding beyond what was previously
authorized by the Board of Commissioners in passing Resolution No. CRA-R-13-0042.
JUSTIFICATION:
Section 2, Goals 5, at page 11, of the Southeast Overtown/Park West Community Redevelopment Agency Plan
("Plan") lists the promotion and marketing of the community," as a stated redevelopment goal. Principle 6, at
page 15, of the Plan further lists the promotion of "local cultural events, institutions, and businesses," as a stated
redevelopment goal. Principle 6, at page 15 also provides that in order to "address and improve the
neighborhood economy and expand economic opportunities of present and future residents and businesses[,]
... [it is necessary to] support and enhance existing businesses and .,. attract new businesses that provide
needed services and economic opportunities ..." The Plan at pages 62-63, identifies the N.W. 3rd Avenue
Neighborhood Center as becoming a thriving mixed -use area, which requires the CRA to "attract new
businesses to N.W. 3rd Avenue in anticipation of [surrounding residential development]."
FUNDING:
$100,000 allocated from SEOPW Tax Increment Fund, entitled "Other Grants and Aids" Account No.
10050.920101.883000.0000.00000. Said funds were previously allocated by Resolution No. CRA-R-13-0042,
and therefore, no new funding is being committed by this Resolution.