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HomeMy WebLinkAboutsummary formDate: 4/14/2005 AGENDA ITEM SUMMARY FORM FILE ID: 05— OD 3S Ic Requesting Department: CIP & TRANSPORTATION Commission Meeting Date: 5/12/2005 District Impacted: 2 Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item El Other Subject: Adoption of the "City of Miami Initial Streetcar Corridor Feasiblity Study, Final Report, A.ppl 2005" and authorizing the City Manager to begin the initial implementation of Study recommendations. Purpose of Item: Authorization to adopt the attached resolution for the adoption of the "City of Miami Initial Streetcar Corridor Feasibility Study, Final Report, April 2005" and authorizing the City Manager to begin initial implementation of the Study recommentations consisting of Alternatives Analysis to satisfy Federal Transit Administration requirements for fund eligibility and selection of a design/contractor team to provide conceptual engineering in support of the environmental approval process and financial support services in the development of a detailed financial plan for project delivery to be brought back for future City Commission approval prior to any final project implementation. Background Information: The City Manager and the Department of CIP and Transportation recommends the adoption of the Study. The Miami Streetcar Project is a modern electric streetcar service, on rail and at grade, within the existing roadway between Downtown Miami and the Miami Design District/Buena Vista East Historic District. The Study was funded by the City's share of the People's Transportation Plan hal:f- cent surtax of which twenty -percent of the annual collections to the City must be encumbered for transit purposes. The CIP Project No. 341330, B-71215 Streetcar Project, funded the Study and will fund, in part, the implementation of the Study's recommendations. Other funding sources are to be secured as recommended in the funding scenarios in the Study. The estimated construction and system costs for this initial Phase 1 are $132,255,000. Budget Impact Analysis NO Is this item related to revenue? NO Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: CIP Project No: Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: Final Approvals (SIGN AND DATE), CIP Budget If using or receiving capital funds Grants Risk Management Purchasing Dept. Director / ,,.�A4 it.310 (, Fong 1 of Chief\_,Dtt,City Manager