HomeMy WebLinkAbout10-00529 Cover Memo 4-26-2010SEOPW Board of Commissioners Meeting
April 26, 2010
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Richard P. Dunn II
and Members of the CRA ard
From: James H. Villacorta
Executive Director
Date: April 16, 2010 File: 10-00529
Subject: Resolution Authorizing an Expenditure for the
N.W. 14th Street Streetscape Project.
References:
Enclosures: Supporting Documentation; Legislation
BACKGROUND:
It is recommended that the Board of Commissioners of the Southeast Overtown/Park West Community
Redevelopment Agency ("CRA") approve and adopt the attached Resolution authorizing the expenditure of
funds, in an amount not to exceed $4,600,000, for streetscape improvements along N.W. 14th Street, from the
Florida East Coast Railway tracks (approximately N.W. lst Avenue) west to N.W. 7th Avenue, Miami, Florida.
Northeast and Northwest 14th Streets serve as a main corridor that cuts through both the Southeast
Overtown/Park West and Omni Redevelopment Areas, and the various Entertainment Districts. In 2005, the
CRA authorized funding for street improvements along Northeast 14th Street within the Omni Redevelopment
Area. This Resolution extends the 14th Street project to Southeast Overtown/Park West so that visitors will
experience the same "look" regardless of the Redevelopment Area or Entertainment District.
JUSTIFICATION:
Section 2, Goal 6/Principle 10, at pages 11 and 16 lists u[i]mproving the quality of life for residents," and [s]treets
.. must be attractive," as stated redevelopment goals.
This Resolution carries out these goals.
FUNDING: $4,600,000 from SEOPW Tax Increment Fund, "Construction in Progress," Account Code No.
10050.920101.670000.0000.00000.