HomeMy WebLinkAboutCRA-R-06-0039 Cover MemoSEOPW & Omni Board Of Commissioner Meeting
September 25, 2006
Item # 3
SOUTHEAST OVERTOWN/PARK WEST
AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
INTER -OFFICE MEMORANDUM
To: Board Chair Michelle Spence -Jones Date: September 15, 2006 File: 06-01467
and Members of the CRA Board
From: James H. Villacorta
Interim Executive ❑ii•ector
Subject: Shortfall Funding for PAC
Super Block Streetscape Project
References:
Enclosures: Supporting Documentation;
Legislation
RECOMMENDATION:
It is recommended that the Board of Commissioners of the Omni Redevelopment District Community
Redevelopment Agency (CRA) approve and adopt the attached Resolution amending CRA Resolution No,
GRA-R-05-0044 (copy attached), increasing the appropriated budget by $554,255.22 for a total budget of
$5,054,255.22 for the Performing Arts Center Super Block Streetscape Project.
JUSTIFICATION:
In a letter dated July 31, 2006 (copy attached), City of Miami Chief of Capital Improvements and Transportation
informed the Executive Director that the project is currently under -funded by $554,255.22 and requested that the
CRA provide the additional funding necessary to successfully complete the work. The request provides This
need for additional funding was not attributable to a change order or cost overrun, but rather to the final
construction contract pricing exceeding the original engineer's estimate."
FUNDING SOURCE: $554,255.22 from Omni TIF Account No. 686001.590320.6.996 entitled FY '07 Omni
Budget Reserve.
JHV/eh