HomeMy WebLinkAboutSummary Form` AGENDA ITEM SUMMARY FORM
p` �r FILE ID: �n9-00 �5 114
Law Department
.Matter ID No.
Date: 7/10/2009 Requesting Department: CIP
Commission Meeting Date: 7/23/2009 District Impacted: 1,3,& 5
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion item ❑ Other
Subject: Resolution accepting $8,708,471 in funding received from Miami Sports and Exhibition
Authority ("MSEA") for four pro e� cts.
ose of Item:
A Resolution of the Miami City Commission, accepting funds from the Miami Sports and Exhibition
Authority ("MSEA"), in the total amount of $8,708,471; consisting of $350,000 for the Melreese Golf
Clubhouse Project, B-30566; $350,000 for the Little Haiti Caribbean Marketplace Renovation Project,
B-30671; $4,900,000 for the .Stadium Site Parking Garage Project, B-30648; and $3,108,471 for the
Marlins Stadium Site Project, B -30153J, as part of the City's contribution to the project; further
authorizing the transfer and .allocation of the funding toward the respective Capital Improvement
Proiect accounts.
Background Information:
The Board of Directors of MSEA, by resolution enacted April 23, 2009, approved a grant of $8,008,471 of
Convention Development Tax Receipts, including interest earned, to the City of Miami ("City"), to be used by
the City in connection with the development of the Marlins Stadium and related parking and infrastructure.
The City wishes to utilize $4,900,000 of these funds for the .Stadium Site Parking Garage Project, B-30648; and
$3,108,471 for the Marlins Stadium Site Project, B 30153J, as part of the City's contribution to the project.
The Board of Directors of MSEA, by resolution enacted May 20, 2009, also approved a grant of $700,000,
consisting of $350,000 for the Melreese Golf Clubhouse Project, B-30566, and $350,000 for the Little Haiti
Caribbean Marketplace Renovation Project, B-30671. City Commission approval is required in order to accept
the funding. Said funds will be appropriated by a separate resolution at a later date.
Budget Impact Analysis
TES Is this item related to revenue?
NO Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No_
CIP Project No:
NO Is this item funded by homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost: _
Total Fiscal Impact: $8,708,471
Final Approvals
Ifusing orreceiving capital funds
Granas n/a