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HomeMy WebLinkAboutCRA-R-15-0025 Cover MemoSEOPW Board of Commissioners Meeting June 29,2015 SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Board Chair Keon Hardemon Date: June 19, 2015 File: 15-00628 and Members of the CRA Board Subject: Resolution Authorizing a Grant to Town Park Plaza South, Inc. for the Renovation of Town Park Plaza South. 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 a grant, in an amount not to exceed $10,000,000, Town Park Plaza South, Inc. ("TPPS") to underwrite costs associated with the renovation and rehabilitation of Town Park Plaza South located at 1798 N.W. 7th Avenue, Miami, Florida 33136 (Folio #: 01-3136-066-0001) ("Project"). On November 6, 2014, the CRA issued Request for Qualifications ("RFQ") No. 14-06 for Design -Build and Relocation Services for Town Park Plaza South and ranked the proposal received from H.A. Contracting, Corp. ("HAC") as the highest ranked proposer. On March 30, 2015, the Board of Commissioners, by Resolution No. CRA-R-15-0010 authorized the CRA to negotiate with the top ranked firm to perform the Project, which included an assessment of the condition of TPPS in order to ascertain the approximate total cost of the Project. In order for TPPS to proceed with the Project, a two-step process for the design build services is necessary. Step one, involves the execution of a negotiated design build agreement between TPPS and HAC and payment of pre -construction services. This step allows further development of the construction plans in order to ascertain the final construction costs. Step two involves the amendment of the proposed agreement between TPPS and HAC to reflect the final construction costs. As the sole source of funds with the Project, the CRA has been actively involved with the negotiations for the Project. Based on the said negotiations with HAC and a preliminary assessment of the condition of the property, it is recommended that the Board of Commissioners authorize a grant, in an amount not to exceed $10,000,000 for the Project. JUSTIFICATION: Section 2, Goal 3, at page 11, of the 2009 Southeast Overtown/Park West Community Redevelopment Plan ("Plan") lists the "creati[on of) infill housing, diversity in housing types, and retaining affordable housing," as a stated redevelopment goal. Section 2, Principle 2, at page 14, of the Plan provides that "[t]he neighborhood .. . retain access to affordable housing ...." This Project will eliminate slum and blight conditions by curing the visible deterioration as evidenced by structural cracks in some units, broken windows, loose railings on upper floors, sewer backups, water leaks from decrepit plumbing, existence of mold, wood rotting in doors and fascia of roofs, as well as outdated electrical wiring. In addition, the construction will provide, although temporary, needed jobs to the residents of the Redevelopment Area. FUNDING: $10,000,000 allocated from the tax revenue bond issuance provided for by Resolution No. CRA-R-12-0061.