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HomeMy WebLinkAboutSummary FormDate: 11/16/2006 AGENDA ITEM SUMMARY FORM FILE ID: d 6- o a l ;7 Requesting Department: Bayfront Park Mngmt. Trust Commission Meeting Date: 12/14/2006 District Impacted: Type: ® Resolution D Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other Subject: Twenty -Fourth Amendment to the Agreement between Mrs. Tina Hills and the City of Miami. Purpose of Item: It is respectfully recommended that the Miami City Commission adopt the Resolution, with attachments, authorizing the City Manager to execute an amendment, in substantially the attached form, to the agreement between Mrs. Tina Hills ("Benefactor") and the City of Miami (City), dated December 19, 1985, wherein the Benefactor has agreed to authorize the use of the grant funds, in the approximate sum of $260,312.37, for the acquisition and construction of a children's play area at the south end of Bayfront Park, and further authorizing the use of the remaining grant funds for future improvements to the children's play area, subject to all other terms and conditions set forth in the amendment attached hereto, and all applicable requirements and restrictions. Background Information: On December 19, 1985, the Miami City Commission, by Resolution No. 85-1231, authorized the City Manager to enter into.an Agreement with Mr. and Mrs. Lee Hills accepting a donation of $110,000 for the construction of Isamu Noguchi Play Sculptures in Bayfront Park. The project was delayed nine years and when the installation project was begun, City of Miami Risk Management determined that the sculptures were no longer considered safe play equipment. Trust staff and Mrs. Hills have spent the intervening period reviewing a number of options for the use of the funds and have agreed to use a portion of the funds for the acquisition and installation of children's play equipment and sculpture. The Twenty -Fourth Amendment to the Agreement authorizes the use of those funds. Budget Impact Analysis YES 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 Page 1 of 2 CIP (SIGN AND PATE) Budget If using or receiving capital funds Grants Risk Management Purchasing Dept. Director G� Chief Eily Manager T'MOTW-I F' SCt+ Jc Exicc- rtVer QgcToR Page 2 of 2