HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID• oq—o6cfliZ
Date: 5/1/2009 Requesting Department: City Manager's Office
Commission Meeting Date: 5/14/2009 District Impacted: II
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other Law Department
Matter ID No.
Subject: Grant of $100,000 to MiMo Business Improvement Committee Inc.
Purpose of Item:
It is respectfully recommended that the City Commission adopt the accompanying Resolution
authorizing a grant in the amount of $100,000 to the MiMo Business Improvement Committee Inc.
("MiMo BIC"), to explore and promote the creation of a Business Improvement District along the
MiMo Biscayne Boulevard Corridor.
Information:
On June 6, 2006 the Miami City Commission created the Miami Modern ("MiMo")/Biscayne
Boulevard Historic District including properties along Biscayne Boulevard from N.E. 506 Street north
thru N.E. 77th Street. Stakeholders in the MiMo District have created the MiMo BIC as a precursor to
creating a Business Improvement District ("BID"). The MiMo BIC will be have various
responsibilities including exploring and defining proposed BID boundaries, determine baseline and
supplemental services, and educating and preparing property owners to support an affirmative vote
creating a BID. The City of Miami wishes to support the MiMo BIC with a grant of $100,000 from
funds allocated to District 2 in order to facilitate the successful implementation of a BID in the MiMo
District.
Budget Impact Analysis
NO Is this item related to revenue?
YES Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No: 31000.401000.882000
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
CIP
If using or receiving capital funds
Grants
Purchasing
Chief
Final Approvals
(SIGN AND DATE)
Budget
Risk Management
Dept. Directo _
City Manager
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