HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: OVO
Date: 5/13/2008 Requesting Department: City Manager
Commission Meeting Date: 5/22/2008 District Impacted: Various
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance n Discussion Item
❑ Other
Subject: Resolution authorizing non binding Memorandum of Understanding regarding leasing a
portion of Museum Park (Bicentennial Park)
Purpose of Item:
The resolution approves the terms and authorizes the City Manager to execute the memorandum of
understanding in substantially the attached form, between the City of Miami, Miami -Dade County,
the Miami Sports and Exhibition Authority, the Miami Arts Museum of Dade County Association,
Inc., the Museum of Science, Inc. and the Historical Association of Southern Florida, Inc., for the
implementation of the Museum Park Project in Bicentennial Park.The MOU is a non -binding
agreement which expresses the intent of the parties and establishes the basic terms of certain
definitive documents which will be brought back to the Commission and the MSEA board, including
the Lease, the Subleases, a Master Management Agreement.
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Background Information:
The MOU facilitates the Museum Component, consisting of the MAM building, the MSM building
(which will provide space to the HASF) and Museum parking, and provides that each museum will
develop its own facility, each on four (4) acres of land (collectively, the "Museum Parcels"), as
contemplated in the Master Plan approved by the City Commission on March 13, 2008. Furthermore,
the City should lease (the "Lease") the Museum Parcels to the Miami Sports and Exhibition authority
("MSEA"), which in turn will sublease the parcels to the Museums.
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: Various
Special Revenue Account No: Various
CIP Project No: N/A
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
not to exceed
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
CIP
If using or receiving capital funds
Grants
$2,000,000.00
not to exceed
$2,000,000.00
Final Approvals
(SIGN AND DATE)
Budget
Purchasing
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Risk Management
Dept. Director
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