HomeMy WebLinkAbout11-00450 05-31-2011-Cover MemoSEOPW Board of Commissioners Meeting
May 31, 2011
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Richard P. Dunn II
and Members of the CRA Board
From: Pieter A. Bockweg
Executive Director
Date: May 20, 2011 File: 11-00450
Subject: Resolution Authorizing a Grant to GC Lounge,
Inc. for Build -out of Commercial Space
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 issuance of a grant,
in an amount not to exceed $50,000 to GC Lounge, Inc. for the build -out of commercial space located at 697
North Miami Avenue, ("Loft 4").
The Board of Commissioners, by Resolution No. CRA-R-10-0065, passed and adopted the Film — Media Grant
Program in an effort in to attract Film, Media, Entertainment and Film support businesses into the
redevelopment area. In exchange for the grant, GC Lounge, Inc. will create fifteen (15) new jobs for residents of
the redevelopment area within 60 days of obtaining a Certificate of Use for Loft 4.
JUSTIFICATION:
Section 2, Goal 4/Principle 4, at pages 11 and 14, of the 2009 Southeast Overtown/Park West Redevelopment
Plan lists the "[creation of] jobs within the community," and providing "variety in employment opportunities," as
stated redevelopment goals.
This Resolution carries out these objectives.
FUNDING: $50,000 from SEOPW Tax Increment Fund.