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HomeMy WebLinkAboutsummary formAPR-20-2005 12:03 'I,y •�•Y gm CITY MANAGERS OFFICE AGENDA ITEM SUMMARY FORM FILEL: Og-ab3`11 EM.1 Date; 4I2QI20O5. Requesting Department: ,ppdget, Commission Meeting Date: 4/? /aga District Impacted: Type: ❑ Resolution ❑ Ordinance ® Emergency Ordinance ❑ Discussion Item ❑ Other _,.,� Subject: Budget AAfoviation Amendment Purpose of Item: The purpose of this item is to appropriate DRI Master Plan Recovery Fees collected for transfer to the Downtown Development Authority (DDA). Background Information: Chapter 14 of the City of Miami Code, authorized the Miami DDA to provide plannixrg 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 th.e Plan may be funded by DRI Master Plan 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 such other DRI fees that may be collected from future development to fiord the update of the Plan at a cost not to exceed $1.6 million. Budget Impact Analysis YES Is this item related to revenue? YES Is this item an expenditure? If so, please identify funding source below. Genera/ Account No: Special Revenue Account No: 127Q01 CIF Project No: Is this item funded by Homeland Defense/Neighborhood improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: S910AO9.0 Fitfal Annrovals CIP Budget If using or teociving ca0141 funds ` Grants _ _ Risk Managem I'urchasl _ — Dept. Director ■ Chief City Manager t agriVk