HomeMy WebLinkAboutsummary formAGENDA ITEM SUMMARY FORM
FILE ID: OS- 00 3 6 6
Date: 4/14/2005 Requesting Department: ED
Commission Meeting Date: 5/12/2005 District Impacted:
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance n Discussion Item
❑ Other
Subject:
Purpose of Item:
A resolution of the Miami City Commission, with attachments authorizing the City Manager to
execute the First Amendment, in substantially the attached farm, identified as " Exhibit A", to the
Interlocal Agreement by and between the City of Miami ("City"), Miami -Dade County("County"),
Florida, the Midtown Miami Community Development District("The District") and the Midtown
Miami Community Redevelopment Agency("Agency") to provide for the Agency to become a party
to the Interlocal Agreement and to release the City and the County from its obligations to contribute
Economic Incentive Payments; with terms and conditions more particularly set forth in they
amendment.
Background Information:
Pursuant to the Interlocal Agreement ("Agreement") dated May 28, 2004 between the City of Miami
("City"), Miami Dade County ("County") and the Midtown. Miami Community Development District,
the City and County agreed to establish a Community Redevelopment Area and upon its creation, to
amend the Agreement to include the CRA as a party to the Agreement. On March 24, 2005, the City
Commission created the Midtown Miami CRA. This amendment provides for the CRA to become a
party to the Agreement and release the City and the County from its obligation to contribute economic
incentive payments.
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:
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 N/A Budget N/A
If using or receiving capital funds
Grants N/A Risk Management N/A
Purchasing N/A Dept. Director
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Chief
City Manager
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