HomeMy WebLinkAboutCRA-R-16-0003 Cover MemoSEOPW Board of Commissioners Meeting
January 25, 2016
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Keen Hardemon
and Members of the CRA Board
Date: January 15, 2016 File: 16-00016
Subject: Resolution Ratifying a Payment for 2015 CRA
Property Taxes for the Overtown Shopping
Center.
From: Clarence E. Woods, ill efitil 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") ratifies the expenditure of funds in the amount of $69,638.55, for the payment
of 2015 real estate property taxes at the Overtown Shopping Center located at 1490 N.W. 3rd Avenue, Miami, FL
33136 ("Property").
The CRA currently owns the Overtown Shopping Center and is leasing space to businesses for commercial use.
This is not a tax exempt use of the Property; as such property taxes must be paid.
JUSTIFICATION:
Section 2, Goals 4 and 6, at page 11, of the Southeast OvertownlPark West Community Redevelopment
Agency Plan ("Plan") lists the "creati[on of] jobs within the community" and "improving quality of life for residents"
as stated redevelopment goals.
Section 2, Principle 4, at page 14, of the Plan provides that "employment opportunities be made available to
existing residents ...". Further, Section 2, Principle 6, at page 15 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 ...."
The Plan at pages 62-63, identifies the N.W. 3rd Avenue Neighborhood Center as becoming a thriving mixed -
use area, which requires the CRA to "attract new businesses to N.W. 3`d Avenue in anticipation of [surrounding
residential development]."
FUNDING:
$69,638.55 allocated from SEOPW Tax Increment Fund, entitled "Other Current Charges and Obligations"
Account No. 10050.920101.549000.00000.0000.