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HomeMy WebLinkAboutLetter V.1MIAMI MUSEUM SCIENCE PLANETARIUM April 13, 2007 Mr. Pedro G. Hernandez City Manager City of Miami 3500 Pan American Drive Miami, FL 33133-5595 Dear Mr. Manager: Enclosed is an update report on the new Miami Science Museum to be built in Museum Park, and a further request for funding to supplement Resolution R-05-0416 dated 7/7/05, which authorized $700,000 of funding under the City's Homeland Defense/Neighborhood Improvement Bond Program. The Museum has completed planning studies for the feasibility of our capital campaign and the financial business plan of the New Museum, as well as aquarium and planetarium studies. Our cost consulting is ongoing, as is our sustainability study for the proposed LEED-certified green building. We have also embarked on a joint study of parking with the Miami Art Museum. The Museum's architectural selection committee has short-listed five design architects and three executive architects who are to respond to the Museum's Request for Proposals. The committee will meet on May 1 and 2 to interview and rank the architects. Our New Museum expenditures will accelerate rapidly as soon as the architects are named, which we anticipate to be late May 2007. 3280 S. Miami Ave. Miami, FL 33129 Tel: (305) 646-4200 Fax: (305) 646-4300 www,miamisci.org In Association with the Smithsonian Institution In order to keep our project moving at a rapid pace, we are requesting that the City execute a new grant agreement in the amount of $2,000,000 to support these first phases of the New Museum, as specified in the voter -approved Homeland Defense/Neighborhood Improvement Bond Program. A summary of our project costs is enclosed, along with an annual summary of costs. The total project cost is $275 million. Miami -Dade County General Obligation Bonds will contribute $175 million, the City of Miami's Homeland Defense/Neighborhood Improvement Bonds will contribute $2.7 million, and we have already raised $17 million in the silent phase of our capital campaign. We plan to raise a total of $100 million from the capital campaign, which will be announced to the public in the fall of 2007. The Miami Science Museum is greatly appreciative of the assistance we have received to -date from you, your staff, and the City's elected officials. We look forward to a long working relationship with you. Sincerely, sAg4- Gillian M. Thomas President & CEO