HomeMy WebLinkAboutbudgetary impact analysisBudgetary Impact Analysis
Department Economic Development
Commission Meeting Date: March 11.2004
Division: CFO
Title and brief description of legislation or attached ordinance/resolution: Resolution Granting a Revocable
License Agreement to Miami Rowing and Watersports Center. Inc. on City -owned property located at 3601
Rickenbacker Causeway, Miami, Florida. for a term of one year. with the option to extend the agreement. subject to
mutual consent. for five (5) additional one (1) year periods. Licensee to operate, supervise. and maintain water
recreational and educational activities.
1. Is this item related to revenue? No ❑ Yes ® Revenue Source: Licensee
2. Is this item an expenditure? No ® Yes ❑
General Fund Account No: _
Special Revenue Fund Account No:
CIP Project No:
Amount:
3. Are there sufficient funds in Line Rem? No: ❑ Yes: ❑
Sufficient funds will be transferred from the following line items:
ACTION
ACCOUNT NUMBER
TOTAL
From
$
From
$
To
$
To
$
4. Is this item funded by Homeland Defense/Neiahborhood Improvement Bonds?
No ® Yes ❑
Project Name
Total Bond
Allocation
l't Series
Appropriation
Dollars Spent to
Date
Encumbrances
&
Commitments
Balance
Comments: Licensee shall pay to the City a use fee of $500.00 per month plus State Use Tax, if applicable during
the term and be authorized to enter into professional service agreement with program operators. Licensee and
program operators shall pay the City, on a quarterly basis, an additional 12% of their respective monthly gross
revenues,
A
rove
Departme t a irector/I7re ignee
r3aL(
Date
APPROVALS
Verified
Dept. f S gic ' an ing, Budged! &
Performanc
Verified by CIP: (If applicable)
Director/Designee
Date:
Date: