HomeMy WebLinkAboutsummary formDate: 1/24/2005
AGENDA ITEM SUMMARY FORM
FILE ID: 0 5 w OD Z 0$
Requesting Department: Economic Development
Commission Meeting Date: 2/24/2005 District Impacted: 2
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Third Amendment to Operating Agreement for Watson Island Parking Operations
Purpose of Item:
The administration recommends that the Miami City Commission adopt the attached Resolution
authorizing the City Manager to execute the Third Amendment to the Amended and Restated
Operating Agreement, between the City of Miami ("CITY") and the Department of Off -Street Parking
("DOSP"), dated August 8, 2002, as amended, for the City to provide an additional $45,000 to DOSP
for funding the design and construction of restroom facilities at the Boat Ramp Parking Lot to be
located on Watson Island, subject to DOSP's compliance with certain terms and conditions related to
the use of the funds as more particularly set forth in the Amended Agreement; allocating funds from
City of Miami Capital Improvement Funds Project 311047.
Background Information:
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The proposed amendment provides for DOSP's use of an additional $45,000 from City of Miami
Capital Improvement Funds, Project 311047 B#75000, for design and construction of the Parking
Facilities, more specifically for the restroom facility. These additional funds are required due to
changes to the design that were required in order to comply with FEMA guidelines. DOSP's use of
these funds shall be subject to their compliance with certain terms and conditions as more fully set
forth in the amended agreement. On January 19, 2005, DOSP's Board of Directors approved the
attached Amended Operating Agreement. DOSP will cover all the soft costs for the project as well as
any overage costs for the project.
Budget Impact Analysis
NO 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:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
CI
If using or receiving ca
Grants
Purchasing,
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311047 B#75000
Final Approvals
(SIGN AND DATE1
Budget
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City Manager
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