HomeMy WebLinkAboutCRA-R-14-0065 Cover MemoSEOPW Board of Commissioners Meeting
October 27, 2014
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Keon Hardemon Date: October 17, 2014 File: 14-01062
and Members of the CRA Board
From: Clarence E. Woods, III'ilj
References:
Executive Director
Subject: Resolution Authorizing Additional Funding for
Renovation of Overtown Shopping Center.
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 additional funds, in the amount of $200,000, for a
total amount not to exceed $1,550,000, for the renovation and rehabilitation of the Overtown Shopping Center,
1490 N.W. 3`d Avenue, Miami, Florida 33136 ("Property").
On March 25, 2013, the Board of Commissioners, by Resolution No. CRA-R-13-0020, authorized the
expenditure of funds in the amount of $1,000,000 for the renovation and rehabilitation of the Property ("Project"),
accepted the selection of TGSV Enterprises, Inc. ("TGSV") as the contractor for the Project, authorized the
performance of a Phase I evaluation and assessment of the Property by TGSV, and authorized the CRA to
negotiate an agreement with TGSV for the Project based upon TGSV's Phase I evaluation and assessment.
The CRA received the Phase I evaluation and assessment which reflected the extremely poor conditions of the
Property, and determined the extent of rehabilitation necessary for tenant occupancy at the Property.
Thereafter, on June 26, 2013, the Board of Commissioners, by Resolution No. CRA-R-13-0038, authorized the
expenditure of funds in the amount of $350,000 for additional renovation and rehabilitation of the Property
revealed during the Phase I evaluation and assessment of the Property.
TGSV is near completion of its renovation and rehabilitation of the Property and additional funding is required to
complete the Project due to unforeseen conditions and change orders at the CRA's request. Completion of the
project will enable the CRA to accommodate commercial tenants at the Property, and promote economic
development in the area.
JUSTIFICATION:
Section 2, Principle 1, at page 13, of the Southeast Overtown/Park West Community Redevelopment Agency
Plan ("Plan") provides that "neighborhood -serving commercial uses, such as pharmacies, grocery stores, bank
branches, dry cleaners, restaurants, day care facilities, and entertainment establishments ... should be
incorporated into the neighborhood fabric to serve the population." Additionally, Principle 10, at page 16, of the
Plan, also provides that "sound urban design, attractive buildings, and streetscapes are essential to having
streets that are both functional and visually attractive.
FUNDING:
$200,000 allocated from SEOPW Tax Increment Fund, entitled "Construction in Progress" Account No.
10050.920101.670000.0000.00000.