HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: C ~ 000S 2v-
PH.3
Date: 01/17/2008 Requesting Department: Community Development
Commission Meeting Date: 02/14/2008 District Impacted:
Type: ® Resolution ❑ Ordinance fl Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Allocating funds to One Art, Inc.
Purpose of Item:
AUTHORIZING THE DE -OBLIGATION OF COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS ("CDBG"),
IN THE AMOUNT OF $50,000.00, FROM THE CITY OF MIAMI DEPARTMENT OF OFF-STREET PARKING;
ALLOCATING SAID FUNDS TO ONE ART, INC. TO REHABILITATE A PERFORMING AND VISUAL ARTS
CENTER LOCATED AT 4111 NORTH MIAMI AVENUE, MIAMI, FLORIDA, AS SPECIFIED IN EXHIBIT "A",
ATTACHED AND INCORPORATED; EXTENDING THE TERM OF THE AGREEMENT BETWEEN ONE ART,
INC. AND THE CITY OF MIAMI TO SEPTEMBER 30, 2009, WITH THE OPTION TO EXTEND FOR AN
ADDITIONAL YEAR; FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE AN AMENDMENT, IN
SUBSTANTIALLY THE ATTACHED FORM, TO THE EXISTING AGREEMENT, WITH SAID AGENCY, FOR
SAID PURPOSES.
Background Information:
PLEASE SEE ATTACHED
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:
Dept. Dire
Chief
Final Approvals
SIGN AND DATE)
City Manager,
AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
Pursuant to Resolution No. 06-0371, adopted June 8, 2006, the City Commission
approved an allocation, in the amount of $100,000.00, from 32nd Program Year
Community Development Block Grant funds, for public facilities and
improvements.
One Art, Inc. requested said funds to rehabilitate a performing and visual arts
center located at 4111 North Miami Avenue, Miami, Florida.
One Art, Inc. has not been able to commence said rehabilitation project due to
insufficient funding.
Pursuant to Resolution No. 06-0418, adopted on July 13, 2006, the City
Commission approved an allocation, in the amount of $175,000.00, from the City
of Miami Revolving Loan Program to the City of Miami Department of Off -Street
Parking for the construction of a parking lot at 240 NW 11 Street.
Pursuant to Resolution No. 07-0695, adopted December 13, 2007, the City
Commission approved the extension and rollover of the Department of Off -Street
Parking account.
The current zoning of the parking lot site prohibits construction of said parking lot.
The Administration therefore recommends the de -obligation of CDBG funds, in
the amount of $50,000.00, from the City of Miami Department of Off -Street
Parking, and the allocation of said funds to One Art, Inc. to rehabilitate a
performing and visual arts center located at 4111 North Miami Avenue, Miami,
Florida, as specified in Exhibit "A", and the extension of the term of the
agreement between One Art, Inc. and the City of Miami to September 30, 2009,
with the option to extend said agreement for an additional year.