HomeMy WebLinkAboutCRA-R-16-0002 Cover MemoSEOPW Board of Commissioners Meeting
January 26, 2016
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Keon Hardemon
and Members of the CRA Board
Date: January 15, 2016 File: 16-00015
Subject: Resolution Authorizing the Acceptance of a
Grant from Health Foundation of South
Florida, Inc. for use in the Town Park Plaza
North Rehabilitation Project.
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 the acceptance of a grant, in the amount of $75,000, from the
Health Foundation of South Florida, Inc. ("HFSF") for use in the construction of a new playground at Town Park
Plaza North, 475 N.W. 19ih Street, Miami, FL. This Resolution also authorizes the Executive Director of the
CRA to administer the grant.
HFSF traces back to 1960, and seeks to improve the health status of people in Broward, Miami -Dade and
Monroe Counties by funding providers and supporting programs to: increase the accessibility of quality,
sustainable, community -based primary health services, including behavioral health, for all with a focus on the
underserved; promote healthy eating active communities and preventive health measures; improve
organizational effectiveness and efficiency among grantees and selected health and social service providers;
and improve the effective delivery and efficiency of the health system for the poor and uninsured.
Built in 1973, Town Park Plaza North is a residential housing complex consisting of 20 buildings and 169
condominium units. The condition of Town Park Plaza North poses significant risk of health and safety to its
occupants, and in turn, extensive rehabilitation is needed, as evidenced by structural cracks, unsecured railings,
deteriorating plumbing, rotting wood, and outdated electrical wiring. In response to these conditions, the CRA's
Board of Commissioners passed Resolution Nos. CRA-R-13-0068 & CRA-R-14-0052, which authorized the
issuance of a grant, in an amount not to exceed $15,033,333, to Town Park Plaza North Condominium
Association, Inc. for the rehabilitation of the Town Park Plaza North property.
In an effort to leverage its own funding support for the rehabilitation, the CRA applied for and received grant
funding totaling $750,000 from both the Federal Home Loan Bank of New York and the Federal Home Loan
Bank of Atlanta.
The CRA also applied to HFSF for a grant to assist with the construction of a new playground at Town Park
Plaza North ("Playground Project"). As part of the grant application Mastermind Construction, Inc., the general
contractor for the Town Park Plaza North rehabilitation project, committed to donating $30,000 towards the
Playground Project. Recently, the CRA was awarded $75,000 as a result of the application. This Resolution
accepts the same.
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 ...."
FUNDING:
HFSF grant payments will be made to the CRA in three installments as detailed below:
• 45% up front (once conditions A.1-A.8 of the grant agreement are met);
• 45% after 6 months (after the mid -project progress report is submitted); and
• 10% at project close-out.
Thus, this Resolution also allocates funding in the amount of $75,000 which will be reimbursed to the CRA
based on the installment payment scheduled above.
$75,000 allocated from SEOPW Tax Increment Fund, entitled "Other Grants and Aids" Account No.
10 050.920101.883000.000 0.00 000 .