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HomeMy WebLinkAbout12-00052 1-30-12 Cover MemoSEOPW Board of Commissioners Meeting January 30, 2012 SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Board Chair Michelle Spence -Jones and Members of the CRA Board From: Pieter A. Bockweg Executive Director Date: January 23, 2012 Subject: Art Basel Trolley Expense References: Enclosures: Legislation File: 12-00052 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, in amount not to exceed $4,482.38 to the Downtown Development Authority, for trolley services provided in conjunction with the 2011 Art Basel events within the CRA area. JUSTIFICATION: The Board of Commissioners, by Resolution No. CRA-R-11-0048, passed and adopted on October 24, 2011, authorized the issuance of a grant for the 2011 Art Basel related events held within the redevelopment area during Art Basel Week, in an amount not to exceed Fifty Thousand Dollars ($50,000). Section 2, Goal 5/Principle 6, at pages 11 and 15, of the 2009 Southeast Overtown/Park West Redevelopment Plan, lists "promoting and marketing of the community," and "promoting local cultural events, institutions, and businesses are to be promoted" as a stated redevelopment goal. Through the 2011 Art Basel -Related events, the CRA will be able to promote the businesses, cultural facilities, and restaurants within the Redevelopment Area. Through the 2011 Art Basel -Related events, the CRA is be able to promote the businesses, cultural facilities, and restaurants within the Redevelopment Area; and The Downtown Development Authority provided trolley services to the different 2011 Art Basel related events within the CRA area. This Resolution carries out these objectives. FUNDING: Funds to be allocated from the SEOPW Tax Increment Fund, "Other Grants and Aids," Account Code No. 10050.920101.883000.0000.00000.