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HomeMy WebLinkAboutCRA-R-17-0022i OMNI I�� OMNI CRA Community Redevelopment Agency 1401 N. Miami Avenue Miami, FL 33136 OmniLegislation www.miamicra.com C R A OMNI CRA Resolution: CRA-R-17-0022 File Number: 2102 Final Action Date:4/19/2017 A RESOLUTION OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA") REAFFIRMING ITS OBLIGATION TO FUND ENVIRONMENTAL REMEDIATION EXPENDITURES AT BICENTENNIAL PARK LOCATED AT 1075 BISCAYNE BOULEVARD, MIAMI, FLORIDA IN THE TOTAL AMOUNT NOT TO EXCEED TWO MILLION DOLLARS ($2,000,000.00); AUTHORIZING THE EXECUTIVE DIRECTOR TO ISSUE AN IMMEDIATE DISBURSEMENT OF OUTSTANDING REIMBURSEMENT PAYMENTS IN THE AMOUNT OF $173,432.53; AUTHORIZING THE EXECUTIVE DIRECTOR, AT HIS DISCRETION, TO DISBURSE THE PAYMENTS ON A REIMBURSEMENT BASIS OR DIRECTLY TO VENDORS, AFTER THE CITY OF MIAMI HAS AUTHORIZED PAYMENT AND UPON PRESENTATION OF INVOICES AND SATISFACTORY DOCUMENTATION; AND FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ALL NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL, FOR SUCH PURPOSES. WHEREAS, on September 12, 2008, Miami -Dade County, City of Miami ("City"), Miami Sports and Exhibition Authority, Miami Art Museum of Dade County Association, Inc. ("MAM"), Museum of Science, Inc. ("MSM"), and the Historical Association of South Florida, Inc. executed a Memorandum of Understanding ("MOU") concerning the development, design, construction, and operation of the Museum Park Project at Bicentennial Park; and WHEREAS, pursuant to the MOU, on December 11, 2008, the Miami City Commission adopted Resolution No. 08-0707 approving the terms of and authorizing the City Manager to execute a lease agreement between the City and MAM and a lease agreement between the City and MSM ("Lease") for the development and operation of the Museum Component of the Museum Park Project at Bicentennial Park; and WHEREAS, on July 9, 2009, the City, MAM, and MSM executed an Environmental Remediation Agreement ("Agreement") pursuant to the Lease, which provided that the City is obligated to contribute up to $2,000,000.00 towards the cost of environmental remediation ("Project") of the properties covered by the Lease; and WHEREAS, paragraph 12(f), at page 8 of the Agreement provides that the parties intended to have the CRA "contribute the funds necessary to pay the Environmental Cost if the boundaries of the CRA are expanded to include Museum Park": and City of Miami Page 1 of 2 File ID: 2102 (Revision:) Printed On: 911412022 File ID: 2102 Enactment Number: CRA-R-17-0022 WHEREAS, on June 10, 2010, the CRA adopted Resolution No. 10-0046 authorizing the issuance of a grant in an amount not to exceed $2,000,000.00 ("Grant") to the City to assist in the CRA's obligation to provide funding for the Project; and WHEREAS, since the issuance of the Grant, the CRA has issued payments in the total amount of $1,268,679.55 for the Project; and WHEREAS, current outstanding invoices for the Project are in the amount of $173,432.53-1 and WHEREAS, the CRA desires to reaffirm its obligation pursuant to the Agreement and Grant to fund the costs of the Project in the amount not to exceed $2,000,000.00 and to immediately issue payment of the outstanding invoices currently totaling $173,432.53-1 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT 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 obligation of the CRA to fund the Project pursuant to the Agreement in the total amount not to exceed $2,000,000.00 is hereby reaffirmed and the Executive Director is authorized to immediately issue reimbursement payments for currently outstanding invoices for the Project in the amount of $173,432.53. Section 3. The Executive Director is authorized, at his discretion, to disburse the remainder of the Grant on a reimbursement basis or directly to vendors, after the City has authorized payment and upon presentation of invoices and satisfactory documentation. Section 4. The Executive Director is authorized to execute all documents necessary, in a form acceptable to the General Counsel, for said purpose. Section 5. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: Barnaby L. Min, Deputy City Attorney 4/10/2017 City of Miami Page 2 of 2 File ID: 2102 (Revision:) Printed on: 911412022