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HomeMy WebLinkAboutSummary Form' ����� �F 0& AGENDA ITEM SUMMARY FORM 2I FILE ID • Date: 10/15/2009 Requesting Department: Public Facilities Commission Meeting Date: 11/19/2009 District Impacted: 2 Law Department Type:. ®Resolution ❑Ordinance ❑ Matter ID No.Emergency Ordinance ❑Discussion Item ()&--. ❑ Other Subject: Establishing a new special revenue project entitled "Dinner Key Mooring Field" Purpose of Item: A Resolution of the Miami City Commission, with attachments, establishing a new special revenue project entitled "Dinner Key Mooring Field" ("project") allocating and appropriating funds in the amount of $262,780 for facility operations and maintenance; further directing the City Manager to execute the necessary documents to establish said project. Background Information: On January 25, 2007, the Florida Inland Navigation District and the City of Miami entered into a Project Agreement for Phase II of the Dinner Key Mooring Field Project, which entailed the construction and completion of 225 moorings. Paragraph 18 of the Project Agreement states that the City agrees to operate, maintain, and manage the facility for the life of the Project and will fund the necessary expenses in order to operate a first rate facility. Establishing a special revenue project would ensure that revenues derived from the Facility would be utilized to pay for operating expenses. Budget Impact Analysis YES 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: TBD CIP Project No.- NO o:NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: Final Approvals (SIGN AND DATE) ►o f tA CIP Budge i A�Q. �--+�- If using or receiving capital funds Grants 1��P� Risk ManaR�-��-'* Purchasi n w Dept. Direr Chief City Mana Page 1 of 1