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HomeMy WebLinkAboutCRA-R-22-0012 MemorandumSEOPW Board of Commissioners Meeting April 28, 2022 SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Board Chair Christine King Date: April 29, 2022 and Members of the CRA Board File: 11874 From: James McQueen Executive Director Subject: Grant - Black Archives History and Research Foundation of South Florida Enclosures: File # 11874 BACKUP BACKGROUND: The attached Resolution of the Board of Commissioners of the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") authorizes a grant, for a four-year period, subject to annual budget approval, in an amount not to exceed $700,000.00 per year for October 1, 2022 — October 1, 2023, October 1, 2023 — October 1, 2024, October 1, 2024 — October 1, 2025, and October 1 2025 — October 1, 2026 respectfully totaling an amount of $2.8 million dollars, to the Black Archives History and Research Foundation of South Florida, Inc. ("Black Archives"), to underwrite costs associated with the continued operation and programming of the Lyric Theater Cultural Heritage Institute ("Lyric Theater") for the 2022 calendar year. In addition to providing community event space for programs sponsored by District 5. Over the years, the CRA has supported Black Archives History and Research Foundation of South Florida, Inc., and they were successful in opening the Lyric Theater Cultural Arts Complex. The Lyric Theater is Overtown's center of culture and entertainment. Black Archives has hosted exciting programming such as the South Florida Marching Band Precision Camp, Lyric Live, Visions of Our 44th President, Living Legends, and ICONS. Additionally, Black Archives History and Research Foundation of South Florida, Inc. was able to forge partnerships with the Greater Miami Convention & Visitors Bureau, Visit Florida, Big Bus, the Bass Museum, and Coca-Cola. Further, the CRA currently leases office space from the Black Archives at the Lyric Theater. Black Archives History and Research Foundation of South Florida, Inc. now seeks support from the CRA to continue operations of the Lyric Theater Cultural Heritage Institute for the 2022 calendar year. Awarding a four year commitment will assist in attracting matching funds to support its programs. It will also assist in expanding Black Archives marketing and media efforts, create and attract more programming at the Lyric Theater, and continue to develop its archive collection. JUSTIFICATION: Section 2, Goal 1, at page 11, of the Southeast Overtown/Park West Community Redevelopment Agency Plan ("Plan") lists the "preserv[ation of] historic buildings and community heritage" as a stated redevelopment goal. Section 2, Principle 6, at page 15, of the Plan states, "local cultural events, institutions, and businesses are to be promoted" as a stated redevelopment principle. Further, Section 2, Principles 8 and 14, at page 15 of the Plan states that "older buildings that embody the area's cultural past should be restored" and the area's sense of community should be restored and unified culturally. The Plan, on page 93, states that "[t]he CRA will assist in The Black Archives, History & Research Foundation of South Florida, Inc.'s on -going efforts to rehabilitate the theater and make available related support facilities". FUNDING: $700,000.00 allocated from SEOPW funds derived per year from FY 2023, 2024, 2025, 2026 SEOPW CRA Budget, entitled "Other Grants and Aids," Account No. 10050.920101.883000.0000.00000. Page 2 of 7 AGENDA ITEM FINANCIAL INFORMATION FORM SEOPW CRA CRA Board Meeting Date: April 28, 2022 CRA Section: Brief description of CRA Agenda Item: Authorizing a grant, four-year period, subject to annual budget approval, in an amount not to exceed $700,000.00 per year, totaling an amount of $2.8 million dollars, to the Black Archives History and Research Foundation of South Florida, Inc. to underwrite the cost associated with the continued operation and programming of the Lyric Theater. Project Number YES, there Account Code: Account Code: Account Code: Account Code: (if applicable): are sufficient funds in Line Item: 10050.920101.883000.0000.00000 Amount:$700,000.00 (FY 2023) 10050.920101.883000.0000.00000 Amount:$700,000.00 (FY 2024) 10050.920101.883000.0000.00000 Amount:$700,000.00 (FY 2025) 10050.920101.883000.0000.00000 Amount:$700,000.00 (FY 2026) NO (Complete the following source of funds information): Amount budgeted in the line item: $ Balance in the line item: $ Amount needed in the line item: $ Sufficient funds will be transferred from the following line items: ACTION ACCOUNT NUMBER TOTAL Project No./Index/Minot Object From $ To $ From $ To $ Comments: Page 3 of 7 Approved by: Approval: Miguel A Valcnt r , Finance Officer Executive Director 4/21/2022 4/21/2022 Page 4 of 7 Southeast Overtown/Park West Community Redevelopment Agency File Type: CRA Resolution Enactment Number: CRA-R-22-0012 File Number: 11874 Final Action Date:4/28/2022 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("CRA"), AUTHORIZING A GRANT, FOR A FOUR-YEAR PERIOD IN AN AMOUNT NOT TO EXCEED $700,000.00 PER YEAR, OCTOBER 1, 2022 — OCTOBER 1, 2023, OCTOBER 1, 2023 — OCTOBER 1, 2024, OCTOBER 1, 2024 — OCTOBER 1, 2025, AND OCTOBER 1 2025 — OCTOBER 1, 2026 RESPECTFULLY, TOTALING IN AN AMOUNT OF $2.8 MILLION DOLLARS, SUBJECT TO ANNUAL BUDGET APPROVAL, TO THE BLACK ARCHIVES HISTORY AND RESEARCH FOUNDATION OF SOUTH FLORIDA, INC. TO UNDERWRITE COSTS ASSOCIATED WITH THE CONTINUED OPERATION AND PROGRAMMING OF THE LYRIC THEATER CULTURAL HERITAGE INSTITUTE FOR THE $700,000.00 PER YEAR FOR OCTOBER 1, 2022 — OCTOBER 1, 2023, OCTOBER 1, 2023 — OCTOBER 1, 2024, OCTOBER 1, 2024 — OCTOBER 1, 2025, AND OCTOBER 1 2025 — OCTOBER 1, 2026 RESPECTFULLY TOTALING AN AMOUNT OF $2.8 MILLION DOLLARS; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS, ON AN ANNUAL BASIS, AT HIS/HER DISCRETION, ON A REIMBURSEMENT BASIS OR DIRECTLY TO VENDORS, UPON PRESENTATION OF INVOICES AND SATISFACTORY DOCUMENTATION; 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. 10050.920101.883000.0000.00000. > 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, Section 2, Goal 1, at page 11, of the Plan lists the "preserv[ation of] historic buildings and community heritage" as a stated redevelopment goal; and WHEREAS, Section 2, Principle 6, at page 15, of the Plan states, "local cultural events, institutions, and businesses are to be promoted" as a stated redevelopment principle; and WHEREAS, Section 2, Principles 8 and 14, at page 15 of the Plan further states that "older buildings that embody the area's cultural past should be restored" and the area's sense of community should be restored and unified culturally; and Page 5 of 7 WHEREAS, Page 93 of the Plan states that "[t]he CRA will assist in The Black Archives, History & Research Foundation of South Florida, Inc.'s on -going efforts to rehabilitate the theater and make available related support facilities;" and WHEREAS, over the years the CRA has supported Black Archives History and Research Foundation of South Florida, Inc., and were successful in opening the Lyric Theater Cultural Arts Complex ("Lyric Theater").; and WHEREAS, Black Archives History and Research Foundation of South Florida, Inc. has hosted exciting programming such as the South Florida Marching Band Precision Camp, Lyric Live, Visions of our 44th President, Living Legends, and ICONS; and WHEREAS, Black Archives History and Research Foundation of South Florida, Inc. was able to forge partnerships with the Greater Miami Convention & Visitors Bureau, Visit Florida, Big Bus, the Bass Museum, and Coca-Cola; and WHEREAS, Black Archives History and Research Foundation of South Florida, Inc. seeks support from the CRA to continue operations of the Lyric Theater Cultural Heritage Institute for the 2022 calendar year; and WHEREAS, the Board of Commissioners wish to authorize a grant, in an amount not to exceed $700,000.00 annually for four years, from October 1, 2022 — October 1, 2023, October 1, 2023 — October 1, 2024, October 1, 2024 — October 1, 2025, and October 1 2025 — October 1, 2026 respectfully totaling an amount of $2.8 million dollars, subject to annual budget approval, to Black Archives History and Research Foundation of South Florida, Inc., to underwrite costs associated with the continued operation and programming of the Lyric Theater Cultural Institute for the 2022 calendar year. In addition to providing community event space for programs sponsored by District 5; and WHEREAS, awarding a four year commitment will assist in attracting matching funds to support its programs. It will also assist in expanding Black Archives History and Research Foundation of South Florida, Inc.'s marketing and media efforts, create and attract more programming at the Lyric Theater, and continue to develop its archive collection; and WHEREAS, the Board of Commissioners find that authorization of this Resolution would further the aforementioned redevelopment goal and principles; 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 $700,000.00 annually over the next four years, subject to annual budget approval, totaling an amount of $2.8 million dollars, to Black Archives History and Research Foundation of South Florida, Inc. to underwrite costs associated with the continued operation and programming of the Lyric Theater Cultural Institute or the 2022 calendar year. Page 6 of 7 Section 3. 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 4. The Executive Director is authorized to execute all documents necessary for said purpose. Section 5. $700,000.00 allocated from SEOPW funds derived per year from FY 2023, 2024, 2025, 2026 SEOPW CRA Budget, entitled "Other Grants and Aids," Account No. 10050.920101.883000.0000.00000. Section 6. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND LEGAL SUFFICIENCY: ounsel 4/21/2022 Page 7 of 7