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HomeMy WebLinkAboutsummary formAPR-20-2005 12:03 CITY MANAGERS OFFICE ij_GAMAMMum ARY F FILE ID: 05-0035C EM.2 Date: Ji S/2Q05 Requesting Department: Planning Commission Meeting Date: 412,112S101 District Impacted: District Type: ® Resolution [I Ordinance E.] Emergency Ordinance 0 Discussion Item ❑ Other Subject: Do owzi DRT Master PIg Purpose of Item: Resolution of the Miami City Commission authorizing the transfer to the Downtown Authority (ODA) Downtown Miami Development of Regional Impact Master Plan ReDcoveryp IRecovery (DRI) fees in an amount not to exceed $1.6 million of which approximately $908,000 have already been collected and such other DRZ fees that may be collected in the future from development within the DRr. Such fees are to be transferred from Special Revenue Project Number 127001 with the City Manager's approval, at DDA's request from time to time. [This resolution is contingent upon Commission approval of its companion item an emergency cy ordinance funds.].] inanee to appropriate the funds.] Background Information: Chapter 14 of the City of Mia n Code, authorized the Miami DDA to provide planning for economic development and revitalization of Downtown Miami. The plan currently in use was developed in 1986, and must be updated. Chapter 13 of the City of Miami Code provides that the cost to update the Plan may be funded by DRI Master P1en Recovery Fees, The Miami DDA has procured the services necessary to conduct the update of the Master Plan and is requesting transfer of funds currently available which is approximately $908,000 and suoh other DRI fees that may be collected from fiiture development to ilind the update of the Plan at a cost not to exceed $1.6 million. $Ii dEet I.ninact Analysis NO Is this items, related to revenue? YES Is this item an expenditure? If'so, please identify funding source below. General Account No: Special . evehue Account No: 127001 CIF Project No: NO Is this itch funded by Homeland Def'ensetN'aighborhood Improvement Bonds? Start TJp Capital Cot: Maintenance Cost: Total Fiscal Impact; SkOz? awn CIF If using or mcmtring *UM funds Grants Furchaai �~ Chief na A rev £SIGN ANO PAINT — Budget Risk Manaigem Delft. Director City Manager Pane I of 1