HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: 0 $-OJ2cS
RE.7
Date: 10/9/2008 Requesting Department: Capital Improvements
Commission Meeting Date: 11/13/2008 District Impacted: All
Type: ® Resolution ❑ Ordinance n Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Resolution to approve the City of Miami "2008-2009 Multi -Year Capital Improvement Plan"
Purpose of Item:
Resolution to approve the City of Miami "2008-2009 Multi -Year Capital Improvement Plan" as required by the
Financial Integrity Ordinance, No. 11890. This plan is an update to the 2007-2008 Plan which was approved
recently in June 2008 per Resolution R-08-0368. The new Plan contains the same fund framework and project
priorities as the prior Plan, but incorporates allocations for funding sources that are made available as of
FY2009.
Background Information:
The Department of Capital Improvements is tasked with the responsibility to execute capital improvement
projects including the fiscal management and tracking of all capital expenditures. Pursuant to the provisions of
the Financial Integrity Ordinance, No. 11890, as amended, and codified as section 18-541-18-542 in the City
Code, the City is required to prepare a capital plan detailing improvements needed to support City services.
The 2008-2009 Multi -Year Capital Improvement Plan is an update to the 2007-2008 Plan which was approved
in June 2008 per Resolution R-08-0368. The new Plan contains the same fund framework and project priorities
as the prior Plan, but incorporates allocations for funding sources that are made available as of FY2009.
Continued on next page
Budget Impact Analysis
NO Is this item related to revenue?
NO 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 Im,act:s g
... 5 R VAL
1
CIPo t--k. t;.t%
If using or receiii capit 1 fpr s
Grants
Final Approvals
(SIGN AND DATE)
Risk Manag men
Purchasin ` Director
Chief City Manager
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Background continued ...
The additional funding sources stem from the general fund contribution, parking surcharge, transit surtax, local
option gas tax, stormwater utility trust fund, grants from various agencies and impact fees collected in FY2008.
Due to the compulsory and brief nature of the updates, the 2008-2009 Multi -Year Capital Improvement Plan is
being presented as a condensed document.
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