HomeMy WebLinkAboutCRA-R-15-0038 Master ReportCity of Miami
Master Report
Enactment Number: CRA-R-15-0038
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 15-01193
File Type: CRA Resolution Status: Passed
Version: 1 Reference:
Controlling Body: SEOPW Community
Redevelopment
Agency
File Name: Resolution of the Southeast Overtown/Park West Community
Redevelopment Agency authorizing a loan in an amount not to
exceed $400,000 to VSMD Food, Corp. to assist in the build out
of the grocery store at the Overtown Shopping Center due to an
unforesee
Requester:
Introduced: 9/8/2015
Cost: Final Action: 9/30/2015
Title: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY, WITH
ATTACHMENT(S), AUTHORIZING THE EXECUTIVE DIRECTOR OF THE CRA TO EXECUTE A
LOAN AGREEMENT, IN SUBSTANTIALLY THE ATTACHED FORM, BY AND BETWEEN THE
CRA AND VSMD FOOD CORP. ("VSMD"), FOR A LOAN IN AN AMOUNT NOT TO EXCEED
$400,000, TO ASSIST WITH CONSTRUCTION COSTS OF "TOP VALUE SUPERMARKET" AT
THE OVERTOWN SHOPPING CENTER, 1490 N.W. 3RD AVENUE UNIT 101, MIAMI, FLORIDA;
FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR OF THE CRA TO EXECUTE A SECOND
LEASE AMENDMENT, IN SUBSTANTIALLY THE ATTACHED FORM, WITH VSMD;
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; FURTHER AUTHORIZING THE
EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY FOR SAID PURPOSE;
ALLOCATING FUNDS FROM SEOPW, "OTHER GRANTS AND AIDS," ACCOUNT CODE NO.
10050.920101.883000.0000.00000.
Sponsors:
Notes:
Indexes:
Attachments: File # 15-01193 Cover Memo.pdf,File # 15-01193 Financial Form.pdf,File # 15-01193 Backup.pdf,File
# 15-01193 Legislation.pdf,File # 15-01193 Exhibit.pdf,
History of Legislative File
Version: Acting Body: Date: Action: Sent To: Due Date: Return Date: Result:
1 SEOPW Community 9/30/2015 ADOPTED Pass
Redevelopment Agency
1 CRA General Counsel 10/2/2015 Reviewed and
Approved
City of Miami Page 1 Printed on 9/30/2022