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HomeMy WebLinkAboutCRA-R-22-0014 MemorandumSEOPW Board of Commissioners Meeting April 28, 2022 SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Board Chair Christine King and Members of the CRA Board From: James McQueen Executive Director Date: April 29, 2022 File: 11879 Subject: Grant - People's Drug Store, Inc. for People's Bar-B-Que Enclosures: File # 11879- BACKUP BACKGROUND: The attached Resolution of the Board of Commissioners of the Southeast Overtown/Park West Community Redevelopment Agency ("SEOPW CRA") authorizes an additional grant, in an amount not to exceed $40,000.00, to underwrite costs associated with the completion of the rehabilitation of People's Bar-B-Que, a full -service barbecue restaurant located at 360 N.W. 8th Street, Miami, Florida 33136 ("Property"). On December 29, 2014, pursuant to Resolution No. CRA-R-14-0075, the Board of Commissioners ("Board"), authorized the issuance of a grant to Gloria B. Lewis ("Grantee"), in an amount not to exceed $1,000,000.00, to underwrite costs associated with the rehabilitation of People's Bar-B-Que ("Project"). Upon completion of the design phase of the Project, final pricing was obtained indicating that additional funding for the Project would be required. Pursuant to Resolutions No. CRA-R-18-0021, and CRA-R-19-0040 the Board authorized additional grants totaling $425,000.00 to underwrite costs toward the completion of the project. The project was nearing completion and was slated to open in June of 2020 when the Coronavirus 2019 ("Covid-19") pandemic caused a halt to work and jeopardized the successful re -opening of the business. When the project stopped, the remaining work was limited to the installation of a covered walkway roof (which had begun), close-out of the open permits, and miscellaneous punch list items. The requested additional funds will be used to remove and replace the deteriorated wood for the covered walkway roof that was previously installed, along with the remaining items needed for project close-out. People's Bar-B-Que has been a staple in the Overtown community since 1961. Its preservation is vital to maintaining a long-standing business in the community during a time of significant development in Overtown. Therefore, it is recommended that the Board approve this Resolution to ensure successful completion of the Project. JUSTIFICATION: Section 2, Goals 4 and 6, at page 11 of the Southeast Overtown/Park West Community Redevelopment Agency Plan ("Plan") lists the "creati[on of] jobs within the community" and "improving quality of life for residents" as stated redevelopment goals. Section 2, Principle 4, at page 14 of the Plan provides that "employment opportunities be made available to existing residents ..."as a stated redevelopment principle. 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] support and enhance existing businesses and ... attract new businesses that provide needed services and economic opportunities ..." as a stated redevelopment principle. FUNDING: $40,000.00 allocated from SEOPW Tax Increment Fund, entitled "Other Grants and Aids" Account No. 10050.920101.883000.0000.00000. Page 2 of 5 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, in an amount not to exceed $40,000.00, to Peoples Drug Store, Inc for the rehabilitation of "People's Bar-B-Que" a full service bar-b-que restaurant. Project Number YES, there Account Code: (if applicable): are sufficient funds in Line Item: 10050.920101.883000.0000.00000 Amount: $ 4 0 , 0 0 0.0 0 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: Approved by: Approval: Executive Director 4/21/2022 Miguel A Valentin, ririarice Off;cer 4/21/2022 Page 3 of 5 Southeast Overtown/Park West Community Redevelopment Agency File Type: CRA Resolution Enactment Number: CRA-R-22-0014 File Number: 11879 Final Action Date:4/28/2022 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY AUTHORIZING A GRANT, IN AN AMOUNT NOT TO EXCEED $40,000.00, TO PEOPLES DRUG STORE, INC., FOR THE REHABILITATION OF "PEOPLE'S BAR-B- QUE", A FULL -SERVICE BAR-B-QUE RESTAURANT IN THE REDEVELOPMENT AREA, LOCATED AT 360 N.W. 8TH STREET, MIAMI, FLORIDA 33136; AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS, AT HIS DISCRETION; ALLOCATING FUNDS FROM SEOPW, "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, 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] support and enhance existing businesses and ... attract new businesses that provide needed services and economic opportunities ... ;" and WHEREAS, On December 29, 2014, pursuant to Resolution No. CRA-R-14-0075, the Board of Commissioners ("Board"), authorized the issuance of a grant to Gloria B. Lewis ("Grantee"), in an amount not to exceed $1,000,000.00, to underwrite costs associated with the rehabilitation of People's Bar-B-Que ("Project"); and WHEREAS, Upon completion of the design phase of the Project, final pricing was obtained indicating that additional funding for the Project would be required. Pursuant to Resolutions No. CRA-R-18-0021, and CRA-R-19-0040 the Board authorized additional grants totaling $425,000.00 to underwrite costs toward the completion of the project.; and Page 4 of 5 WHEREAS, People's Bar-B-Que has been a staple in the Overtown community since 1961. Its preservation is vital to maintaining a long-standing business in the community during a time of significant development in Overtown. Therefore, it is recommended that the Board approve this Resolution to ensure successful completion of the Project; and WHEREAS, the Board of Commissioners wish to authorize a grant in an amount not to exceed $40,000.00 to Grantee to underwrite costs associated with the completion of the Project; and WHEREAS, the Board of Commissioners finds that authorizing this Resolution would further the aforementioned 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 to Gloria B. Lewis, in an amount not to exceed $40,000.00, to underwrite costs associated with completing the rehabilitation at People's Bar-B-Que located at 360 N.W. 8th Street, Miami, Florida 33136. 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: ce Br r.A--3ii it Counsel 4/21/2022 Page 5 of 5