HomeMy WebLinkAboutOMNI-CRA-R-02-0074OMNI/CRA ITEM 7C
RESOLUTION N0.0 2 - 074
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
OMNI COMMUNITY REDEVELOPMENT AGENCY ("CRA")
ACCEPTING, APPROVING AND ADOPTING THE CAPITAL
PROGRAMS AND ACTIVITIES BUDGET FOR FISCAL
YEAR 2003, AS PRESENTED BY THE CHIEF
FINANCIAL OFFICER OF THE CRA,
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE OMNI COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI,
FLORIDA:
Section 1.. The recitals and findings contained in the
Preamble to this Resolution are incorporated herein as if fully
set forth in this Section.
Section 2, The Board of Directors hereby accepts,
approves and adopts the Capital Programs and Activities Budget
for fiscal year 2003, as presented by the Chief Financial
Officer of the CRA.
Section 3, This resolution shall be effective
immediately upon its adoption.
of/CRA
02- 074
PASSED AND ADOPTED this 26th day of September, 2002,
ATTEST:
PR.ISCILLA A. THOMPSON
CITY CLERK
APPROVED AS TO FORM
AND CORRECTNESS:
OMNI/CRA R-02-74:ELF
ARTHUR E. TEELE, JR., CHAIRMAN
Page 2 of 2
CITY OF MIAMI
COMMUNITY REDEVELOPMENT
AGENCY
PROJECT PROGRAMS
SUMMARY
FISCAL
YEAR 2002-2003
Estimated
Funding
([f Availebte)
9
Prefect Description
Activity
cost
gL,,tus
Funding Source
Accosrmt Number
Comments
19th Street Mall CRA Phase 11
Construction
s
3,500,000
F
CDBG
799125
Pending Environmental impact
f�
Based on project delay project
expenses will require updating of
construction figures & possibly
2 Commercial Revitalisation Program
Technical Assistance & Cohstruction
420,DOO
F
SEOPW TIF
699005550013.6,940 & 799125.
renegotiate Grants to businesses
3 Food Franchise - Planning
Planning & Technical Assistance
15,000
F
SEOPW TIF
689001-550108.6.270
Pending contract negotiations
4 Food Franchise
Construction
300,DOO
PF
SEOPW TIF
689001550103 6.940
Pcnding contract negotiations
Needs to be assigned to CRA
5 11 th Street Improvements (Biscayne Blvd. to NW Sth
Ave) Planning & Design
350,DOO
PF
SEOPW TIF
699001.550109.6.270
consultant
6 Artist in Residence (Divine Mission)
Planning & Design
150,000
F
SEOPW TIF
689001.550103 6,270
Pending assessment plan
7 Commercial Equipment Loan Program
Loan program
175,000
F
SEOPW TIF & OMNI TIF
689001,550108.6.94D & 696001.590320.6.940
Pending ftnaltration of policy
8 Miami Skills Center
Planning & Design
500,000
PF
SEOPW TIF
Section 108
Pending loan application
Pending 1PA with
9 Parking beneath 1-395
Planning and Design
350.000
F
SEOPW TIF
699001.550108.6.27D
FDOT/coordination with DOSP
10 Parking beneath 1-395
Construction
3,5D0,000
OF
CDBG
Section IDS
Pending loan application
1 I Redevelopment area fencing
Construction
2,000,000
PF
SEOPW TIF & OMM TIF
699001.550108.6.940 & 68600I.590320.6.940
Pending final zgrcanents
12 Omni Marketing & Promotion Plan
Planning
350,000
F
OMNI TIF
686001.59032D.6.69D
13 Update of the Omni Redevelopment Plan
Planning
250,000
F
OMNI TIF
686001.590320.6.27D
Requires issuance of UP
14 Completion of the SEOPW Redevelopment Plan
Planning
250,000
F
SEOPW TIF
689001 550108 6.270
Rollover
Total
L 2,110,000
F = FUNDED
PF = PARTIALLY FUNDED
OF = UNFUNDED
Recap by funding source
SEOPW
4,01D 000
OMNI
600,000
CDBG
3,500,000
Section 108
4.000,000
12,110,000
-
Pending final authorizations from
primary government & actual
.
I Ith Street Improvements (@ 3 L.OM/mile)
Construction
3,000,000
OF
Bond Issue
Bond Trust Fund
issuance
Pending final authorizations from
primary government & actual
Resurfacing of 3rd Ave between M-14th (a $1 OOK/mile) Construction
500,000
OF
Bond Issue
Bond Trust Fund
tssuaz ce
Pending final authorizations from
primary government & actual
Grand Promenade improvements
P D E & Construction
2,500,000
UP
Bond Issue
Bond Trust Fund
issuance
pending final autlion;ations from
primary government 9: actual
NET Office & Meeting/Banquet Facility
P D E & Construction
3,000,00-0
OF -
Bond Issue
Bond Trust Fund
issuance
9,000,000
L Funding based on the return of an advance to FDOT in
the amount of $500.000 (the difference will have priority allocation
to the Commtutity Revitalization Project - 3rd Avenue Businesses)