HomeMy WebLinkAboutCRA-R-15-0036 Cover MemoSEOPW Board of Commissioners Meeting
September 30, 2015
SOUTHEAST OVERTOWNIPARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Keon Hardemon
and Members of the CRA Board
Date: September 21, 2015 File: 15-01192
Subject: Resolution authorizing the execution of an
Agreement and Mortgage in favor of United
States Department of Commerce Economic
Development Administration ("EDA") and
other documents necessary to implement the
Grant in the amount of $900,000,00 in
connection with the Hospitality Institute
From: Clarence E. Woods, Ill References: EDA Grant
Executive Director
Enclosures: Supporting Documentation; Legislation
BACKGROUND:
It is recommended that the Board of Commissioners adopt the accompanying resolution authorizing the
Executive Director to execute the Agreement and Mortgage in favor of EDA in substantially the form attached to
the resolution and authorizing the Executive Director to execute all other documents necessary in order to
implement the Grant, as described in the resolution.
RECOMMENDATION:
It is recommended that the Board of Commissioners of the Southeast Overtown/Park West Community
Redevelopment Agency (" CRA") approve and adopt the attached Resolution, with Attachment(s), authorizing
the Executive Director to execute the Agreement and Mortgage in favor of EDA, which is one of the conditions
for EDA's funding of the $900,000,00 Grant and authorizing the Executive Director to execute all other
documents necessary in order to implement the Grant.
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