HomeMy WebLinkAboutCRA-R-04-0005 OMNI BUDGET YR END 2005-09-30FY 2005 CAPITAL IMPROVEMENT PLAN - OMNI
OMNI - TIF monies
The proposed OMNI 2005 Capital Improvement Plan recommends 3 major projects with a total value of $4.3 million funded
with OMNI TIF monies.
The breakdown is as follows:
Proposed Budget
Project Name Amount in FY 2005
Water Pipeline Upgrades - Other Improvements Related 3,000,000
Baywalk Improvements along Margaret Pace park & Women's Club / PAC Site
Facility Naming Rights* 1,000,000
Miami Midnight Demo Project 300,000
4,300,000
" If County Bond Issue passes on "Parks" utilize this $1 million for PAC site.
Homeland Defense/Neighborhood Improvements Bonds & Impact Fees
The Homeland Defense funds assigned to CRA will be used for improvements in the Margaret Pace Park in the amount of
$1.19 million. The $1.19 millions derived from Homeland/Neighborhoods Funds in the amount of $852,509 and impact fees
in the amount of $340,000 authorized under City Resolution # 01-206 and 02-152 and OMNI CRA Resolution # 02-69 and
Margaret Pace Park Inter -local Agreement between the City of Miami and OMNI CRA executed in 2001.
The breakdown is as follows:
Proposed Budget
Project Name Amount in FY 2005
Margaret Pace Park Upgrades to include:
- Shade screening & poured -in -place play surface for tot lot
- Eastern shoreline rip -rap
1,192, 909