HomeMy WebLinkAboutsummary formDate: 2/25/2005
AGENDA ITEM SUMMARY FORM
FILE ID: 05 - 002 11
Requesting Department: Cap Imvts & Transportation
Commission Meeting Date: 3/24/2005 District Impacted: All (2)
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
E Other
Subject: Initial grant of $700,000 to Miami Art Museum for development of a fine arts museum facility
in Bicentennial Park
Purpose of Item:
To approve an initial grant of $700,000 to the Miami Art Museum Of Dade County Association, Inc.
("MAM") to support the development of a new fine arts museum facility in the City -owned
Bicentennial Park as authorized by a referendum of the voters in November 2001 as a specified
project in the Homeland Defense Neighborhood Improvement Bond Program, authorizing the City
Manager to execute the attached project cooperation agreement, and allocating funds from the Capital
Improvement Program
Background Information:
The development of a fine arts museum in Bicentennial Park has been the intent of the City since the
late 1990's. When the voters approved the referendum for the Homeland Defense Neighborhood
Improvement Bond Program in November 2001, this was an identified project in the pubic
information campaign and enabling legislation. MAM has now requested funds to support
development activities related to the Project, including a community planning and education charrette
and the work of consultants specializing in fine arts museum planning, financial feasibility and project
management, having an combined initial cost of $1,400,000. The City will contribute $700,000 as an
initial grant from available Bond proceeds.
A project cooperation agreement has been devised to govern the responsibilities of the City and MAM
in this endeavor. Highlights of that agrement are:
* The museum project and related development activities are deemed to constitute a paramount
public purpose
* The City will be given owenership of all ocuments, reports, materials and drawings that are
developed with the assistance of City, and will be subsequently donated back to MAM and the
County, if applicable, for use on the Project
* MAM and its successors will maintain public access to facilities developed with Bond proceeds,
and said facilities will be publicly owned
Budget Impact Analysis
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:
CIP Project No: 333144
YES Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
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Start Up Capital Cost: $110,000,000
Maintenance Cost:
Total Fiscal Impact:
CI
If usin. s .: ng capital funds
Gran Risk Managem t
Purchasing Dept. Director
Chief �`�` City Manager �1
Final Approvals
(SIGN AND DATE)
Budget `fi,
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