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HomeMy WebLinkAboutCRA-R-18-0014Southeast Overtown/Park West Community Redevelopment Agency Legislation 819 NW 2nd Ave 3rd Floor Miami, FL 33136 www.seopwcra.com CRA Resolution: CRA-R-18-0014 File Number: 3892 Final Action Date:3/29/2018 RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("CRA") AUTHORIZING FUNDING IN THE AMOUNT OF $975,000.00, TO UNDERWRITE COSTS ASSOCIATED WITH CONSTRUCTION COSTS ENHANCING THE ORIGINAL MODEL FOR THE CONSTRUCTION OF "HARLEM SQUARE" A FULL SERVICE SUPPER CLUB/LOUNGE LOCATED AT 173 N.W. 11TH STREET, MIAMI, FLORIDA 33136, AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS, AT HIS DISCRETION, ON A REIMBURSEMENT BASIS OR DIRECTLY TO VENDORS, UPON PRESENTATION OF INVOICES AND SATISFACTORY DOCUMENTATION; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY FOR SAID PURPOSE; FUNDS TO BE ALLOCATED FROM SEOPW TAX INCREMENT FUND, ENTITLED "OTHER GRANTS AND AIDS," ACCOUNT CODE NO. 10050.920101.883000.0000.0000 WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") is a community redevelopment agency created pursuant to Chapter 163, Florida Statutes, and is responsible for carrying out community redevelopment activities and projects within its Redevelopment Area in accordance with the 2009 Southeast Overtown/Park West Redevelopment Plan ("Plan"); and WHEREAS, Florida Statute Section 163.335(1) states "...that the prevention and elimination of slums and blight is a matter of state policy and state concern...", and; WHEREAS, Florida Statute Section 163. 340(8) defines "blighted area" as " an area in which there are a substantial number of deteriorated or deteriorating structures; in which conditions, as indicated by government -maintained statistics or other studies, endanger life or property or are leading to economic distress...", and; WHEREAS, Section 2, Goals 4 and 6, at page 11, of the Plan lists the "creati[on of] jobs within the community," and "improving the quality of life for residents" as a stated redevelopment goals; and WHEREAS, Section 2, Principle 4, at page 14, of the Plan provides that "employment opportunities be made available to existing residents..." as stated redevelopment principle; and WHEREAS, Section 2, Principle 6, at page 15, of the Plan provides that in order to "address and improve the neighborhood economy and expand economic opportunities of present and future residents and businesses[,] ... [it is necessary to] ... attract new businesses that provide needed services and economic opportunities ...;" and WHEREAS, on December 29, 2014, the Board of Commissioners, by Resolution No. CRA-R-14-0076, authorized the issuance of a grant, in an amount not to exceed $1,250.000.00, City of Miami Page 1 of 2 File ID: 3892 (Revision: A) Printed On: 8/29/2025 File ID: 3892 Enactment Number: CRA-R-18-0014 to Harlem Square, LLC., to underwrite costs associated with the construction of "Harlem Square" ("Project"), and; WHEREAS, Grantee now seeks additional funds from the CRA to complete the Project due to the receipt of the full plans and completion of the drawings, and; WHEREAS, the Board of Commissioners wish to authorize an additional amount not to exceed $975,000.00 to Grantee to underwrite costs associated with u construction costs and for the construction of "Harlem Square"; and WHEREAS, the Board of Commissioners finds that authorizing this Resolution would further the above mentioned redevelopment goals and objectives; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated herein as if fully set forth in this Section. Section 2. The Board of Commissioners hereby authorizes a grant in an amount not to exceed $975,000.00, Harlem Square, LLC., to underwrite costs associated with the construction of "Harlem Square" ("Project"). Section 3. The Executive Director is authorized to execute all documents necessary for said purpose. Section 4. The Executive Director is authorized to disburse funds, at his discretion, on a reimbursement basis or directly to vendors, upon presentation of invoices and satisfactory documentation. Section 5. Funds to be allocated from SEOPW Tax Increment Fund, entitled "Other Grants and Aids," Account Code No. 10050.920101.883000.0000.00000. Section 6. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND LEGAL SUFFICIENCY: Come us Shiver. Executive Director 3/22/2018 City of Miami Page 2 of 2 File ID: 3892 (Revision: A) Printed on: 8/29/2025