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AGENDA ITEM SUMMARY FORM
mum: d 6 o a acm
Date:12/j/
Commission Meeting Date: 1// 2
Requesting Department: Liberty City Trust
District Impacted: ,District V
Type: Ej Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Payment of $110,000.00 to Cherokee Enterprises,
Purpose of item:
It is respectfully requested that the Miami City Commission adopt the attached Resolution approving
the Liberty City Trust's PhresidentlCEO to expend funds to pay Cherokee Enterprises, Inc.
Background information:
The Liberty City Trust was created by the Miargi City Commission for oversight of and shall
facilitate, the City's revitalization efforts for the redevelopment of the Area in a manner consistent
with the strategy identified in the Five Year Consolidated Plan. The Ordinance 12859 authorizes the
Trust to contact and be contracted with, for administrative purposes, not to exceed $5,000 per item,
goods, services, and/or anything of value in one transaction or multiple transactions. The Trust has
operating costs that exceed the $5,000.00 in one or multiple transactions and the President/CEO is
requesting City Commission Approval,
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: 93-110159 Grants
Special Revenue Account No:
OP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?,
Start Up Capital Cost:
1►Iaintenance Cost:
Total Fiscal Impact:
Final Approvals
{SIGN AND OATI 1
CIP Budget
If usu,R'or rogciviiip capital .feuds
Grants
Risk Manageme
Purchasing Dept. Direct
Chief. City Manager
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