Kathleen S. Margoles

Community and Economic Development Director

Issue Statement: The City of Oakland Park CRA Board approved Façade Improvement Applications for twelve Prospect Plaza property owners on February 18, 2015. The term of the agreements ends on September 30, 2016 and all the work has not been completed at the properties.

Solution Statement: The CRA Board approve an extension of six months for the Prospect Plaza Façade and Business Site Improvement agreements and authorize the City Manager to execute the amendment for each agreement, a sample which is attached as Exhibit A.  An example of the original agreement is attached as Exhibit B.  The City of Oakland Park CRA requests to amend each agreement for a period of six months, ending March 31, 2017.

All twelve property owners awarded funds have executed agreements which expire September 30, 2016.  The property owners and their respective grant amounts are:

1) Winningham & Fradley         111 NE 44th St                                 Grant $12,764

2) 91 Investment Corp                 91 NE 44th St                                Grant $11,794

3) Hinton, Robert                        75 & 87 NE 44th St                         Grant $19,388

4) Serabian, Charles                    51 NE 44th St                                Grant $8,079

5) Prospect Retail, LLC             31, 41,61 NE 44th St                       Grant $22,620

6) Mann, Arnold/Phyllis         4400 N Andrews Ave                           Grant $17,611

7) Lardin, Wendy          4401 N Andrews Ave/61 NW 44th St            Grant $31,991

8 )KDX Realty, LLC                  121 NW 44th St                                 Grant $8,079

9) Buttimer, Edda                       141 NW 44th St                               Grant $8,079

10) Aiesi, Charles                       181 NW 44th St                               Grant $8,079

11) EMB 221, LLC                    222 NW 45th St                                 Grant $8,079

12)KMR Limited, Inc                  235-251 NW 44th St                        Grant $20,358

Although most of the property owners have started their improvements but a majority will not be complete by September 30, 2016.

Section 6 of the agreement states:

SECTION 6.  EFFECTIVE DATE, TERM, COMMENCEMENT AND COMPLETION DATES

6.1       The “Effective Date” of this Agreement shall be the date of execution by the last of the parties.

6.2       The Term of this Agreement shall commence with the Effective Date and end when the parking lot construction is completed, estimated to be September 2016.

When presented to the CRA Board on February 18, 2015, the memo stated:

Project Completion

Staff recommends that property owners be given until the completion of the parking lot, currently estimated to be September 2016, to complete the façade improvements.  In the event the parking lot construction interferes with the façade work, the property owners may seek additional time from the City with the understanding that the time is of the essence for the Façade Grant to be completed.

The completion of the façade upgrades and improvements are key to providing a beautiful end product at this pivotal intersection within the City and CRA.

The CRA has the Façade Improvement Funds budgeted for these projects.  Funds will be rolled into the FY 17 budget as needed.

Staff recommends the CRA Board approve an extension of six months for the Prospect Plaza Façade and Business Site Improvement agreements and authorize the City Manager to execute the amendment for each agreement, a sample which is attached as Exhibit A.  An example of the agreement is attached as Exhibit B.