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HomeMy WebLinkAbout08-01003 ResolutionCity of Miami Legislation CRA Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 08-01003 Final Action Date: A JOINT RESOLUTION OF THE BOARDS OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST AND OMNI REVEDELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCIES AUTHORIZING A GRANT, IN AN AMOUNT NOT TO EXCEED $500,000, TO THE CITY OF MIAMI FOR A TRANSPORTATION PLANNING AND TRAFFIC ENGINEERING IMPACT STUDY; AUTHORIZING THE EXECUTIVE DIRECTOR, AT HIS DISCRETION, TO DISBURSE THE GRANT ON A REIMBURSEMENT BASIS OR DIRECTLY TO VENDORS, UPON PRESENTATION OF INVOICES AND SATISFACTORY DOCUMENTATION; AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY FOR SAID PURPOSE, IN A FORM ACCEPTABLE TO GENERAL COUNSEL; ALLOCATING FUNDS AS FOLLOWS: $300,000 FROM SEOPW TAX INCREMENT FUND, "OTHER GRANTS AND AIDS," ACCOUNT CODE NO. 10050.920101.883000.0000.00000, AND $200,000 FROM OMNI TAX INCREMENT FUND," OTHER GRANTS AND AIDS," ACCOUNT CODE NO. 10040.920101.883000.0000.00000. WHEREAS, the Southeast Overtown/Park West and Omni District Community Redevelopment Agencies ("CRAs") are responsible for carrying out community redevelopment activities and projects within their Redevelopment Areas in accordance with their respective Redevelopment Plans; and WHEREAS, Section III.B., at page 13, of the 1982 Southeast Overtown/Park West Community Redevelopment Plan, as amended, lists "[r]esolv[ing] existing and future transportation conflicts" as a stated redevelopment objective; and WHEREAS, Section III.E., at page 10, of the Omni Area Redevelopment Plan, as amended, lists "[r]esolv[ing] existing and future transportation conflicts" as a stated redevelopment objective; and WHEREAS, the City of Miami ("City") has requested funding to underwrite the cost of a Transportation Planning and Traffic Engineering Impact Study for the proposed Miami World Center project ("Study"); and WHEREAS, the Study will evaluate the traffic impacts resulting from future land use in the area, and propose improvements to mitigate such impacts; and WHEREAS, the Boards of Commissioners wish to authorize a grant, in an amount not to exceed $500,000, to the City for the Study; NOW, THEREFORE, BE IT RESOLVED BY THE BOARDS OF COMMISSIONERS OF SOUTHEAST OVERTOWN/PARK WEST AND OMNI REDEVELOPMENT DISTRICT COMMUNITY City of Miami Page 1 of 2 File Id: 08-01003 (Version: 11 Printed On: 8/9/2024 File Number: 08-01003 REDEVELOPMENT AGENCIES OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated herein as if fully set forth in this Section. Section 2. A grant, in an amount not to exceed $500,000, to the City of Miami for a Transportation Planning and Traffic Engineering Impact Study, is authorized. Section 3. The Executive Director is authorized, at his discretion, to disburse the grant on a reimbursement basis or directly to vendors, upon presentation of invoices and satisfactory documentation. Section 4. The Executive Director is authorized to execute all documents necessary for said purpose, in a form acceptable to General Counsel. Section 5. Funds are to be allocated as follows: $300,000 from SEOPW Tax Increment Fund, "Other Grants and Aids," Account Code No. 10050.920101.883000.0000.00000, and $200,000 from Omni Tax Increment Fund," Other Grants and Aids," Account Code No. 10040.920101.883000.0000.00000. Section 6. This Resolution shall become effective immediately upon its adoption. City of Miami Page 2 of 2 File Id: 08-01003 (Version: 11 Printed On: 8/9/2024