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H AGENDA ITEM SUMMARY FORM
�' 111111 IIAIFI * File ID: #7659
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Date: 07/10/2020 Requesting Department: Office of Capital
Improvements
Commission Meeting Date: 07/23/2020 Sponsored By:
Type:
Subject:
District Impacted: All
Discussion Item
Discussion - Miami Forever Bond Tranche 1 Status Update and Timeline
Purpose of Item:
The purpose of the presentation is to provide a comprehensive status update for the
Tranche 1 projects funded by the Miami Forever Bond. The discussion will also focus on
the project selection process and initiation timeline, as well as the guiding themes and
funding categories.
Background of Item:
The intent of Miami Forever Bond is to build a stronger, more resilient future for Miami,
alleviating existing and future risks to its residents, economy,
Bond will invest a total of $400 million in five key categories,
most pressing needs: Sea -Level Rise and Flood Prevention,
Cultural Facilities, Public Safety and Affordable Housing.
Budget Impact Analysis
Item is NOT Related to Revenue
Item is funded by Bonds
Total Fiscal Impact:
$400M
Reviewed By
tourism and legacy. The
which align with the City's
Roadways, Parks and
Office of Capital Improvements Hector L Badia Department Head Review Completed 07/10/2020 2:53 PM
Office of Management and Budget Rene Lazaro Hernandez Budget Analyst Review Completed 07/11/2020 12:40 PM
Office of Management and Budget Christopher M Rose Budget Review Completed 07/11/2020 4:13 PM
City Manager's Office Nzeribe Ihekwaba Assistant City Manager Review Completed 07/11/2020 4:20 PM
City Manager's Office Arthur Noriega V City Manager Review Completed 07/12/2020 8:34 PM
City Commission Nicole Ewan Meeting Completed 07/23/2020 9:00 AM