HomeMy WebLinkAbout15587 Exhibit AExhibit "A"
Southeast Overtown/Park West
Community Redevelopment Agency
Legislation
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,
to Harlem Square, LLC., to underwrite costs associated with the construction of "Harlem
Square" ("Project"), and;
City of Miami Page 1 of 2 File ID: 3892 (Revision: A) Printed On: 4/2/2018
File ID: 3892 Enactment Number: CRA-R-18-0014
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:
iver, E cutive Director 3/22/2018
7
City of Miami Page 2 of 2 File ID: 3892 (Revision: A) Printed on: 4/2/2018