Loading...
HomeMy WebLinkAboutSummary FormDate: 7/25/2005 AGENDA ITEM SUMMARY FORM FILE ID: 0 5- 00 891 Requesting Department: Economic Development Commission Meeting Date: 9/8/2005 District Impacted: 1 Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance [l Discussion Item ❑ Other Subject: Resolution authorizing execution of restrictive covenant for the Ichimura Miami -Japan Garden., currently a City of Miami public park, to remain a public park in perpetuity Purpose of Item: Authorizing execution of a restrictive covenant for the Ichimura Miami -Japan Garden, currently a City of Miami public park on Watson Island, to remain a public outdoor recreation site in perpetuity. The covenant is required by a project funding source, the Florida Department of Environmental Protection's ("DEP") Recreational Development Assistance Program ("FRDAP") and further contains penalties for use of the land in a manner inconsistent with an outdoor recreation area for use by the general public. Background Information: On October 10, 2001 the City applied for a FRDAP grant for the construction of an interpretive trail at the Ichimura Miami -Japan garden. An award letter from DEP dated June 24, 2002 granted the City $200,000 for the project. Resolution 02-961 adopted September 1, 2002 authorized execution of the agreement with DEP. Said agreement provided a requirement that the property being improved be dedicated in perpetuity, as an outdoor recreation site which dedication must be recorded in the public property records, The project has now been completed and it is appropriate to record the attached covenant providing for such dedication. In the event the City converts any part of the project area to a use other than a DEP approved use, the City must replace the area at the City's expense with a DEP approved project. In lieu of replacement, DEP may require the City to repay all grant funds plus 2% interest if the limitation of use is not maintained. 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: CIP Grants !fusing or ng cangfurt4si >!r V � `, 4,,,,tti sk Management N/A Purchasi N/A Dept. Director a_ Chie/ City Mana • Final Approvals (SIGN AND DATE) N/A Budget N/A