HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: 05 — 0 ((6\3
Date: 9/28/2005
Transp
Commission Meeting Date: 10/27/2005 District Impacted: 2 /
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Dussion Item
E Other
Requesting Department: Capital Improvements &
tE
Subject: Resolution to allocate $1,500,297 from the FEC Corrido mprovement Trust Fund to "B-
71215D Streetcar Project -Midtown Underground Infrastructure o fund the construction of the
underground infrastructure and related engineering services accommodate the Miami Streetcar Project
within the Midtown Miami Project.
Purpose of Item:
The administration recommends that the City of Miami Commission adopt the attached resolution, in
substantially the attached form with attachments, authorizing the City Manager to allocate an amount
not to exceed $1,500,297, from the Special Revenue Account No. 110145 FEC Corridor Improvement
Trust Fund (the "Trust Fund") to "B-71215D Streetcar Project -Midtown Underground Infrastructure"
to fund the construction of the underground infrastructure and related engineering services to
accommodate the Miami Streetcar Project within the Midtown Miami Project. Pursuant to Section
62-263 of the Trust Fund, the Miami Streetcar Project qualifies as a transit system that is to provide
service within the FEC Corridor. 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 Miami Streetcar Project within the Midtown Miami Project." The expenditure is to occur in
Fiscal Year 2005-06.
Background Information: see page 2
Budget Impact Analysis
NO Is this item related to revenue?
YES Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No: 110145 FEC Corridor
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
CIP eeree
If usi r receiving capital fur/
Grants
$1,500,297.00
Final Approvals
(SIGN AND DATE),
lPl�
Purchasing
Chie
Budget
Risk Mana
Dept. Director
• Manager
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Background Information:
The City of Miami Commission, on December 18, 2003, adopted the attached Ordinance No. 12468,
entitled "FEC Corridor Improvement Trust Fund" under Chapter 62 of the City Code, Zoning and
Planning, Article 10 (X). The Department of CIP and Transportation is requesting the $1,500,297
from the 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
allocated to the Miami Streetcar Project to fiend underground infrastructure and related engineering
services to accommodate the Streetcar Project within the Midtown Miami Project. Both projects are
located within the FEC Corridor. The FEC Corridor Map that depicts the corridor boundaries is
attached to Ordinance No. 12468. The monies deposited in the Trust Fund to implement the intent of
the ordinance is collected by the Planning Department through Floor Area Ratio (FAR) bonus fees for
properties developed in the SD-27 Zoning District which is within the FEC Corridor. To date,
$1,500,297 has been collected. All disbursals of the Trust Fund, shall be made by the City
Commission, after due consideration is given through the written recommendations of the City
Manager and the Directors of the Planning, Economic Development, Public Works and the CIP and
Transportation Departments. The attached memorandum, dated September 26, 2005, from the
Director of the Department of CIP and Transportation to the City Manager contains the signatures of
said department directors and the City Manager affirming their review and approval for the use of the
Trust Fund amount of $1,500,297 for the purpose of the Miami Streetcar Project within the Midtown
Miami Project.
The City of Miami Commission also approved Resolution 05-0293 on May 12, 2005 and adopted the
"City of Miami Initial Streetcar Corridor Feasibility Study, Final Report, April 2005" and authorized
the City Manager to begin initial implementation of the recommendations of the study.
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