HomeMy WebLinkAboutCRA-R-15-0012 LegislationCity of Miami
Legislation
CRA Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 15-00333
Final Action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("CRA"),
AUTHORIZING A GRANT, IN AN AMOUNT NOT TO EXCEED $733,000, TO THE
BLACK ARCHIVES HISTORY AND RESEARCH FOUNDATION OF SOUTH
FLORIDA, INC. TO UNDERWRITE COSTS ASSOCIATED WITH THE CONTINUED
OPERATION AND PROGRAMMING OF THE LYRIC THEATER CULTURAL
HERITAGE INSTITUTE FOR THE 2015 CALENDAR YEAR, CONSTRUCTION GAP
FUNDING TO CLOSE OUT THE CONSTRUCTION OF THE LYRIC THEATER
CULTURAL COMPLEX, AND TENANT IMPROVEMENTS THEREIN; AUTHORIZING
THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS, AT HIS DISCRETION, ON A
REIMBURSEMENT BASIS OR DIRECTLY TO VENDORS, UPON PRESENTATION
OF INVOICES AND SATISFACTORY DOCUMENTATION; AUTHORIZING THE
EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY FOR SAID
PURPOSE; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO APPROVE
BUDGET MODIFICATIONS UNDER THE GRANT, PROVIDED THAT THE OVERALL
AMOUNT OF THE GRANT FUNDING APPROVED BY THE BOARD OF
COMMISSIONERS IS NOT INCREASED; FUNDS TO BE ALLOCATED FROM
SEOPW TAX INCREMENT FUND, ENTITLED "GRANTS AND OTHER AIDS,"
ACCOUNT CODE NO. 10050.920101.883000.0000.00000.
WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") is
a community redevelopment agency created pursuant to Chapter 163, Florida Statutes, and 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, Section 2, Goal 1, at page 11, of the Plan lists the "preserv[ation of] historic
buildings and community heritage" as a stated redevelopment goal; and
WHEREAS, Section 2, Principle 6, at page 15, of the Plan states, "local cultural events,
institutions, and businesses are to be promoted" as a stated redevelopment principle; and
WHEREAS, Section 2, Principles 8 and 14, at page 15 of the Plan further states that "older
buildings that embody the area's cultural past should be restored" and the area's sense of community
should be restored and unified culturally; and
WHEREAS, the Board of Commissioners, by Resolution No. CRA-R-14-0003, passed and
adopted on January 27, 2014, authorized a grant, in an amount not to exceed $572,000, for operation
of the Cultural Heritage Institute at the Lyric Theater Cultural Arts Complex and for the provision of job
training services to residents of the Redevelopment Area at the Lyric Theater Cultural Arts Complex;
and
WHEREAS, BAF seeks support from the CRA to continue operations of the Lyric Theater
City. of Miami
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File Number: 15-00333
Cultural Institute for the 2015 calendar year; and
WHEREAS, the CRA currently leases office space from BAF at the Lyric Theater Cultural
Complex and has requested additional security services and improvements to the premises, such as
the installation of security cameras, security monitors, and retrofitting the Lyric Theater Cultural Arts
Complex to allow the CRA access to its office space after business hours and on the weekends; and
WHEREAS, BAF has also requested grant funds in the form of a non -amortizing loan, in an
amount not to exceed $200,000, to underwrite costs associated with construction gap funding to close
out the construction of the Lyric Theater Cultural Complex; and
WHEREAS, funds will be repaid to the CRA upon receipt of reimbursement funds owed to BAF
from Miami -Dade County via General Obligation Bonds upon successful close out of the project; and
WHEREAS, the Board of Commissioners wishes to authorize a grant, in an amount not to
exceed $733,000, to BAF to underwrite costs associated with the continued operation and
programming of the Lyric Theater Cultural Institute for the 2015 calendar year, construction gap
funding to close out the construction of the Lyric Theater Cultural Complex, and tenant improvements
therein; and
WHEREAS, the Board of Commissioners find that authorization of this Resolution would further
the aforementioned redevelopment goal and principles;
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 a grant, in an amount not to
exceed $733,000, to Black Archives History and Research Foundation of South Florida, Inc. to
underwrite costs associated with the continued operation and programming of the Lyric Theater
Cultural Institute for the 2015 calendar year, construction gap funding to close out the construction of
the Lyric Theater Cultural Complex, and tenant improvements therein.
Section 3. The funding provided, in an amount not to exceed $200,000, to underwrite costs
associated with construction gap funding to close out the construction of the Lyric Theater Cultural
Complex will be repaid to the CRA upon receipt of reimbursement funds owed to BAF from
Miami -Dade County via General Obligation Bonds upon successful close out of the project.
Section 4. The Executive Director is authorized to disburse funds, at his discretion, on a
reimbursement basis or directly to vendors, upon presentation of invoices and satisfactory
documentation.
Section 5, The Executive Director is authorized to execute all documents necessary for
said purpose.
Section 6. The Executive Director is authorized to approve budget modifications under the
City of Miami
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File Number: 15-00333
grant, provided that the overall amount of grant funding approved by the Board of Commissioners is
not increased.
Section 7. Funds are to be allocated from SEOPW Tax Increment Fund, entitled "Grants
and Other Aids," Account Code No. 10050.920101.883000.0000.00000.
Section 8. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
RENEE A. JADUSINGH, ESQ.
STAFF COUNSEL
City of Miami
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