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HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM FILE ID: Oo 'oO? -! Date: 7/7/2008 Commission Meeting Date: 7/24/2008 Type: ® Resolution (- Ordinance 11 Other Requesting Department: MSI District Impacted: Emergency Ordinance ❑ Discussion Item CA.8 Subject: Creating a Special Revenue Project for Miami Sustainable Initiatives and accepting a grant for S 100,000.00. Purpose of Item: To authorize the City Manager to establish a new special revenue project entitled: The American Express Tree Planting Challenge beginning September 5, 2008 and ending October 15, 2008. This will enable Miami Sustainable Initiatives (MSI) to accept and appropriate a grant from American Express in the sum of $100,000 with a possiblity of additional dollars, not to exceed $300,000 for the City of Miami's urban tree planting initiative further authorizing the execution of a marketing program agreement -attached -in a form acceptable to the City Attorney. Background Information: On May 21, 2008 the City of Miami submitted an application for the American Express Tree Planting Challenge. This project would use funding to plant and maintain 285 street trees citywide. In addition to the $100,000reight major cities will compete for a share of a one million dollar grant to plant trees. Local businesses will publicly support the program, and American Express Cardmembers will "cast a vote" for the city each time they use any American Express Card to pay for their purchase at any participating businesses. The city with the largest number of votes will receive the highest share of the one million dollar grant to support the city's urban tree planting initiative. YES NO 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: CIP NO 11,470/ RC2 i1/,''(a Final Approvals (SIGN AND DATE) Budget If using or receiving capital funds Grants Purchasin Chief Risk Management Dept. Director City Manager Page 1 of 1