HomeMy WebLinkAboutSummary Form V.1AGENDA ITEM SUMMARY FORM
FILE ID: - D U
Date: 5/16/2007 Requesting Department: Cap Imvts & Transportation
Commission Meeting Date: District Impacted: All (2)
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item n Other
Subject: Grant of $2,000,000 to Miami Science Museum for development of a museum facility in
Bicentennial Park ("Museum Park").
Purpose of Item:
To approve a grant of $2,000,000 to the Miami Science Museum ("MSM") to support the development of a
new museum facility in the City -owned Museum Park as authorized by a referendum of the voters in
November 2001 as a specified project in the Homeland Defense Neighborhood Improvement Bond Program,
authorizing the City Manager to execute the attached project cooperation agreement, and allocating funds from
B-78502, the Capital Improvement Project entitled "Miami Science Museum - Development in Bicentennial
Park".
Background Information:
The development of a science museum in Bicentennial Park has been the intent of the City since the late
1990's. The City allocated funding for the Miami Art Museum and the MSM projects from the the Homeland
Defense Neighborhood Improvement Bond Program to be dispersed over several funding cycles. Combined,
the museums were granted an initial $2,800,000 of which $700,000 was utilized by each museum to support
development activities related to their project, including hiring consultants specializing in museum planning,
financial feasibility and project management. The remaining $1,400,000 was utilized by the City to hire
Cooper, Robertson and Partners to prepare a master site plan and design development documents for the park.
MSM has expended $338,525 of their initial funding allocation and is requesting $2,000,000 to further the
Project. MSM anticipates spending the balance of their initial funding allocation, $361,475 in the next few
months on the following items: architectural fees for the first design phase (Grimshaw), project management
(Oppenheim, Lewis), and survey and geotech work (TBD). The attached project cooperation agreement has
been drafted to govern the responsibilities of the City and MSM in this endeavor. Funding will become
available with the issuance of the next series of the Bonds; therefore the agreement will not be fully executed
until that time.
Budget Impact Analysis
NO Is this item related to revenue?
YES Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No: B-78502
YES Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact: 52,Q00,000
C.I.P APPROVAL"
CIP ji•+(,(f-'1 Sirtf using or receivital funds-) 1 41'
Grants N A Ma ement NIA
Purchasing N/A ep . DWctor
Chief �G (/ / Jyvwt/1 City Manager
wk t Os 1$ 07
Final Approvals
.SIGN ,s,yD DATE)
Budget t d
Project Manager: John De Pazos