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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: