HomeMy WebLinkAbout04-00826 Cover Memo- MIART BaselCRA Board of Directors Meeting
July 26, 2004
RE. 4
File No. 04-00826
SOUTHEAST OVERTOWN/PARK WEST
AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
INTER -OFFICE MEMORANDUM
To: Chairman Arthur E. Teele
And Members of the CRA Board
From: Frank K. Roltason
Executive Director
Date: AI 16 2004 File:
Subject: Recommendation to Approve Omni CRA
Grant for 2004 Art Basel Event
References:
Enclosures: Resolution
RECOMMENDATION:
It is recommended that the Board of Directors for the Omni Community Redevelopment Agency
approve the attached Resolution authorizing the Executive Director to enter into a Grant Agreement
with MIART Foundation, inc. in the amount of $86,350 for the purpose of underwriting a 2004 Art Basel
event entitled, "IMPACT Basel".
JUSTIFICATION:
In the past several years, the Omni CRA has issued grants totaling $66,400 ($15,000 in Sep. '01 to
various vendors and $51,400 in Oct. '02 to Mr. George Sanchez for "On Hallowed Ground" displayed
under 1-395) to sponsor Art Basel events. These past events have been successful and have brought
national and international attention to the City of Miami and the CRA districts. Recently, we were
contacted by Ms. Eleanor Kluger of the Omni Advisory Board requesting that the Omni CRA participate,
this year, in sponsoring an event. Attached, please find the proposal package presented by Ms. Tina
Spiro along with an itemized budget. The proposed event showcases the Omni Area and the new
Performing Arts Center and is consistent with the major revitalization strategies of the Omni CRA
Master Plan as presented in Section IV, page 11, "The second major revitalization strategy of the Omni
Area is to create the image of a desirable high quality 'uptown' district with an attractive appearance, a
24-hour activity pattern, and a perception of safety and security." This Art Basel event would help
achieve this objective and further create the desired ambiance of a "hot spot" for desirable activity and
future development.
Fiscal Impact: $86,350
Funding Source: OMNI Tax Increment Fund - Other Grants and Aids
Account Code No.: 686001.590320.6.940
FKR/eh