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AGENDA ITEM SUMMARY FORM
FILE ID: Q 7- UO 7 "1 y
Date: 6/29/2007 Requesting Department: City Manager
Commission Meeting Date: 8/1/2007 District Impacted:
Type: Z Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Memorandum of Understanding to host the 2008 Inter -American Development Bank 49th
Annual Conference and the 23rd Annual Meeting of the Board of Governors of the Inter -American
Investment Corporation.
Purpose of Item:
This resolution authorizes the City Manager to enter into the Memorandum of Understanding (MOU)
in substantially the attached form with the (IDB) Miami 2008 Host Committee (Host Committee)
Miami -Dade County, and the City of Miami Beach, (collectively the "Executing Agencies") and the
Unites States Department of Treasury. This MOU confirms the selection of Greater Miami as the
location of the event.
Background Information:
The City of Miami along with Miami Beach and Miami -Dade County has been chosen to host the 49th
Annual meeting of the Board of Governors of the Inter -American Development Bank (IDB) and the
23rd Annual Meeting of the Board of Governors of the Inter -American Investment Corporation (IIC)
to take place from April 4-8, 2008. The United States Department of Treasury requires a MOU among
the Executing Agencies in order to confirm Miami as the Host City for this event. The MOU also
contemplates that local governments negotiate an additional agreement that will provide terms of in -
kind or cash support. The subsequent agreement will require City Commission approval.
Budget Impact Analysis
Is this item related to revenue?
Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
CIP
If using or receiving capital funds
Grants
Final Approvals
(SIGN AND DATE
Budget
Risk Management
Purchasing Dept. Director
Chief �Zo City Manager