HomeMy WebLinkAboutbudgetary impact analysisBudgetary Impact Analysis
Department Parks and Recreation
Commission Meeting Date: 10/23/2003
Division: CNS
Title and brief description of legislation or attached ordinance/resolution: Maintenance Agreement between
the City of Miami, Bayfront Park Management Trust and Rouse -Miami, Inc. The agreement is for a term of 5 years
with one 5 year option to renew, and allows Bavront Park Management Trust to accept responsbility for initial
capital costs and management of the Torch of Friendship. Rouse -Miami, Inc. shall assist in providing specific
maintenance responsibility.
1. Is this item related to revenue? No ® Yes ❑ Revenue Source: N/A
2. is this item an expenditure? No ® Yes ❑
General Fund Account No:
Special Revenue Fund Account No:
CIP Project No:
Amount: N/A
3. Are there sufficient funds in Line Item? No: ❑ Yes: ❑
Sufficient funds will be transferred from the followins line items:
ACTION
ACCOUNT NUMBER
TOTAL
From
$
From
$
To
$
To
$
4. Is this item funded by Homeland Defense/Neiehborhood Improvement Bonds?
No ® Yes ❑
Project Name
Total Bond
Allocation
I" Series
Appropriation
Total
Allocations/
Encumbrances
Balance
Dollars Spent
to Date
Comments: No anticipat ' financial impact to the City general fund. -cur -4.,
ep r o St;j gic
Performa
, Budgeting &
Date: /OU/6J
APPROVALS
Verified by CIP: (If applicable)
Director/Designee
Date: