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HomeMy WebLinkAboutSummary FormDate: 10/12/2007 AGENDA ITEM SUMMARY FORM FILE Ill: b1 b 1305 Requesting Department: Capital Improvements Commission Meeting Date: I 1/q' 2007 District Impacted: 2 Type: ® Resolution n Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other Subject: To authorize execution of a Joint Participation Agreement ("JPA") with Miami Downtown Development Authority for the Paul S. Walker Mini Park Project B-39910D. Purpose of Item: Authorizing the City Manager to enter into an agreement with the Miami Downtown Development. Authority ("DDA"). DDA wishes to partially fund the Paul S. Walker Mini Park projects at 46 West Flagler Street Downtown. The City will be responsible for the balance of funding as well as management and administration of the Project. Background Information: The City of Miami is committed to creating pocket parks downtown as part of a Park's Master Plan to provide park space within a quarter -mile of every resident. Formerly a popular downtown pocket park utilized by the lunch crowd, the land at 46 West Flagler Street had been developed as a small structure. The site has been reclaimed by the City in a recent deal with the most recent owner. The City has allocated $150,000 for the demolition of the existing structure in order to resurrect the Paul S. Walker Mini Park. DDA shares the City's interest in re -constructing the park and supports the City's efforts by providing funding in the not to exceed amount of $250,000, for aT4t4PcitUMMYcXtrdcproject budget of $400,000. The 4,200 SF Park will include a new waterfall, walkways, landscaping, seating areas, security lighting, site drainage, metal picket fencing with gate, and signage. Budget Impact Analy 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: B-39910D NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: $250,000 CIP If using or rcc Grants C.I.P APPROVAL. to Purchasing N/A Chief �%� ,poi©% final Approvals (SIGN AND DATE) Budgets ), ✓ � �o� ` � 1 k Management N/A ept. Director City Manag Project Manager: Fernando Paiva