HomeMy WebLinkAboutCRA-R-16-0039 Cover MemoOmni Board of Commissioners Meeting
July 29th, 2016
OMNI REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
Board Chair Ken Russell
And Members of the CRA Board
Date: July 25, 2016 File
Subject: Resolution Authorizing Execution of a
Community Benefits Agreement with the
Perez Art Museum Miami (PAMM)
From Jason Walklpr i \. 1 References:
Executive D
Enclosures: Supporting Documentation; Legislation
BACKGROUND:
It is recommended that the Board of Commissioners of the Omni Redevelopment District Community
Redevelopment Agency approve and adopt the attached Resolution authorizing the execution of a
Community Benefits Agreement in an amount not to exceed $1,000,000,00 with the Perez Art Museum
Miami ("PAMM ") relating to PAM M's commitment to supporting the Omni CRA's redevelopment efforts.
In Fiscal Year 2014-2015, the Omni Redevelopment District Community Redevelopment Agency approved a
$1,000,000.00 grant, In July 2015, the Omni CRA board budgeted and approved, in its 2015-2016 budget, the
identical $1,000,000.00 grant. The PAMM fiscal year commenced October, 2015 and included the
$1,000,000.00 allocation from the Omni CRA.
JUSTIFICATION:
Section 4.4, Goal 8, D5 at page 41, of the 2009 Omni CRA Redevelopment Plan ("Plan") lists to "provide
employment opportunities and upward mobility for residents" by the creation of jobs within the community as a stated
redevelopment goal.
Section 4.4, Goal 8, B3 at page 41, of the Plan lists to "create economic magnets to draw more businesses to
the Omni area to compliment established activities in the area" as a stated redevelopment goal.
Section 4A, Goal C, Di at page 41, of the Plan provides for the "maximizing of conditions for residents to
continue to live in the area" as a stated redevelopment goal.
FUNDING:
Funds from Omni Tax Increment Funds from Omni Increment Fund, "Other Grants and Aids," Account Code No.
10040.920101,883000.00000