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HomeMy WebLinkAboutSummary FormDate: 11/26/2006 AGENDA ITEM SUMMARY FORM FILE ID: 06-0al4 Requesting Department:ir�y at' n P Commission Meeting Date: 12/14/2006 District Impacted: LLtI�� Type: ® Resolution f Ordinance ❑ Emergency Ordinance rl Discussion Item ❑ Other Subject: Resolution accepting an award of $1,000,000 for the Bicentennial Park Shoreline Stabilization project Stage III. B-30310 Purpose of Item: it is respectfully recommended that the Honorable Mayor and the City Commission adopt the attached resolution to accept an award in an amount not to exceed $1,000,000 from the Florida Inland Navigation District (FIND) for the Department of Capital Improvements. This grant will provide funding for Stage III of the Bicentennial Park Shoreline Stabilization project B-30310. This resolution also authorizes the expenditure of $1,000,000 in match funding from the second series of Homeland Defense/Neighborhood improvement bond previously approved by voter referendum. Background Information: On October 13th, 2006, the Florida Inland Navigation District announced that the City of Miami was awarded $1,000,000. These funds are designated for Stage III of Bicentennial Park Shoreline Stabilization project with matching funds from the second series of the Homeland Defense/Neighborhood improvement bond. Applying for these funds was approved by the City of Miami Commission by resolution 06-00257 in February, 2006. Budget Impact Analysis YES Is this item related to revenue? YES Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: TBD CIP Project No: B-303 1 0 NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Im CIP using or re rants_ C.I.P AP PL'M:lw` 2 Final Approvals SIGN AND DATE) Risk Management Purchasing Dept. Director ,SA &$ ((t'S Chief City Manager Page I of 1