HomeMy WebLinkAboutExhibit 1CITY OF M1AMI, FLORIDA
INTER -OFFICE MEMORANDUM
Joe Arriola
City Administrator/City Manager
Mary H. Conay, ' - ctor
Department of CI ` and TransportatYon
DATE:
SUB ECT:
September 26, 2005
FEC Corridor
Neighborhood-::::
• Improvement Trust Fund
REFERENCES:
FILE :
ENCLOSURES:
Purpose of Funding Request:
The Department of CIF and Transportation is requesting the amount of
$1,500,297 from the City's FEC (Florida East Coast) Corridor Neighborhood
Improvement Trust Fund to be made available for transportation programs and
roadway improvements in accordance with the enabling legislation of the Trust
Fund. Specifically, said amount is to be appropriated to the Miami Streetcar
Project. The amount is to fund roadway and surface construction elements and
related engineering services to accommodate the Streetcar Project within the
Midtown Miami Project. The Midtown Miami Project is located within the FEC
Corridor. Therefore, as required by the Trust Fund, the amount requested will be
directly allocated to the promotion of neighborhood revitalization and economic
development in the FEC Corridor as part of the implementation of the Miami
Streetcar Project. If approved, the requested amount will be allocated as defined
in the attached Exhibit "A" entitled "Roadway and Surface Construction Elements
and Related Engineering Services for the Miarni Streetcar Project within the
Midtown Miami Project." The expenditure is to occur in Fiscal Year 2005-06.
Background Information:
In accordance with Ordinance No. 12468 and Article X, Chapter 62, Section 263
of the City Code, the FEC Corridor Neighborhood Improvement Trust Fund was
created to collect Floor Area Ratio (FAR) fees to be deposited in a trust fund for
the implementation of the adopted FEC Corridor Strategic Redevelopment Plan.
The fee for the Trust Fund is collected by the Planning Department through FAR
bonus fees from development projects located in the. SD-27 Zoning District. To
date, $1,500,297 has been collected.
All disbursals of the Trust Fund shall be made by the City Commission,
after due
ions of the City
anager
and consideration is s of the Planninggiven through , Economic Developmwritten ent,, Public Works and the
and the Directors
CIP and Transportation Departments.
Therefore, the following signatories attest to the requirements of the disbursal of
funds from the FEC Corridor Neighborhood Improvement Trust Fund:
FEC Corridor Neighborhood Improvement Trust Fund
page 1 of 2.
fb 2
-Review and Appr ' - by:
abert- :anchez, Director '
_ ...Planning De • artment .. .. ... .. . ................. .._.
-Review and Approval by:
Date /O/c j
Laura L. Bi11be , Acting Director
Economic Deb opment Department
-Review and Approval by:
I) Date J
Stephanie N. Grindell, Director
Public Works Department
-Review and Approval by:
C�LI.t(%G Date !/g3! °S
Mary H�C;dnway, Director
CIP and Transportation Department
-Re ew and Ap al by:
Date `l\z� #Drj
riola, City Administrator/City Manager
FF.0 Corridor Neighborhood Improvement Trust Fund Page 2 of 2.