HomeMy WebLinkAboutCRA-R-15-0016 LegislationCity of Miami
Legislation
CRA Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamlgov.com
File Number: 15-00462 Final Action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY,
AUTHORIZING A GRANT INITIATIVE, IN AN AMOUNT NOT TO EXCEED $600,000,
TO PROVIDE GRANTS FOR RENOVATIONS AND TENANT IMPROVEMENTS FOR
BUSINESSES IN THE GENERAL VICINITY OF THE CRA'S 3RD AVENUE
BUSINESS CORRIDOR ("COMMERCIAL TENANT IMPROVEMENT PROGRAM");
PROVIDING THAT GRANTS IN EXCESS OF $4,500 SHALL BE PRESENTED TO
THE BOARD OF COMMISSIONERS FOR APPROVAL OR RATIFICATION;
FURTHER AUTHORIZING A GRANT IN AN AMOUNT NOT TO EXCEED $150,000,
TO GROOVIN' BEAN, LLC, TO UNDERWRITE COSTS ASSOCIATED WITH THE
BUILD OUT OF "GROOVIN' BEAN COFFEE BAR & LOUNGE" FROM THE
PROPOSED COMMERCIAL TENANT IMPROVEMENT PROGRAM; AUTHORIZING
THE EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY FOR
SAID PURPOSE; FURTHER 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; ALLOCATING FUNDS FROM SEOPW,
"OTHER GRANTS AND 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 OvertownlPark West Redevelopment Plan ("Plan"); and
WHEREAS, Section 2, Goals 4 and 6, at page 11, of the Plan lists the "creati[on of] jobs within
the community," and "improving the quality of life for residents" as a stated redevelopment goals; and
WHEREAS, Section 2, Principle 4, at page 14, of the Plan provides that "employment
opportunities be made available to existing residents..." as stated redevelopment principle; and
WHEREAS, Section 2, Principle 6, at page 15, of the Plan 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 ...;" and
WHEREAS, a grant program has been developed to provide assistance to businesses in the
general vicinity of the CRA's 3rd Avenue Business Corridor needing financial assistance for
renovations and tenant improvements ("Commercial Tenant Improvement Program"); and
WHEREAS, Groovin' Bean, LLC recently executed a lease agreement for commercial space at
The Carver Apartments and Shoppes, 801 N.W. 3rd Avenue, Miami, Florida 33136 and seeks
assistance from the CRA for the build out of "Groovin' Bean Coffee Bar & Lounge" ("Groovin' Bean")
City of Miami Page 1 of 2 File Id: 15-00462 (Version: 1) Printed On: 4/14/2015
File Number: 15-00462
from the proposed Commercial Tenant Improvement Program; and •
WHEREAS, the Groovin' Bean is a lounge and coffee house facility that will provide accessible
and affordable high quality food and coffee -based products, entertainment, and free Wi-Fi to the
Redevelopment Area; and
WHEREAS, the Board of Commissioners wishes to approve the Commercial Tenant
Improvement Program, in an amount not to exceed $600,000 and to authorize a grant in an amount
not to exceed $150,000 to Groovin' Bean, LLC to underwrite costs associated with the build out of
"Groovin' Bean Coffee Bar & Lounge" from the Commercial Tenant Improvement Program; and
WHEREAS, the Board of Commissioners finds that authorizing this Resolution would further
the above mentioned redevelopment goals and objectives;
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 the establishment of the
Commercial Tenant Improvement Program, in an amount not to exceed $600,000 to provide grants for
renovations and tenant improvements for business in the general vicinity of the CRA's 3rd Avenue
Business Corridor.
Section 3. The Executive Director shall present grants in excess of $4,500 to the Board of
Commissioners for approval or ratification.
Section 4. The Board of Commissioners hereby authorizes a grant in an amount not to
exceed $150,000, to Groovin' Bean, LLC to underwrite costs associated with the build out of "Groovin'
Bean Coffee Bar & Lounge" from the Commercial Tenant Improvement Program.
Section 5. The Executive Director is authorized to execute all documents necessary for
said purpose.
Section 6. 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 7. Funds to be allocated from SEOPW Tax Increment Fund, entitled "Other Grants
and 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. JADUS
STAFF COUNSEL
City of Miami
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