HomeMy WebLinkAboutCRA-R-06-0039 cover memo v2SEOPW & Omni Board of Commissioners Meeting
October 30, 2006
Item # 2
SOUTHEAST OVERTOWN/PARK WEST
AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
INTER -OFFICE MEMORANDUM
Board Chair Michelle Spence -Jones
and Members of the CRA Board
Date: October 20, 2006 File. 06-01467
Subject: Authorization of Additional Funding
For Streetscape Improvements
James H. Villacorta ;;.L References:
Executive Director •.
Enclosures: Supporting Documentation;
Legislation
RECOMMENDATION:
It is recommended that the Board of Commissioners for the Omni Redevelopment District CRA amend attached
Resolution No. CRA 05-0021, as amended by CRA Resolution No. 05-0044, and approve and adopt the
attached Resolution authorizing the expenditure of additional funds, in an amount not to exceed $554,255.22,
for a project total of $5,054,255.22 for the streetscape improvements within an approximate two -block area
surrounding the Performing Arts Center of Greater Miami within the existing Omni CRA boundaries; authorizing
the Executive Director to either disburse said funds directly to vendors selected by the City of Miami Department
of Capital Improvements (CIP) or to authorize the City of Miami to issue purchase orders directly to approved
vendors with funding provided from the appropriate Omni CRA TIF Account(s) provided that CIP has
demonstrated its compliance with all applicable rules and regulations governing the award of contracts to said
vendors; acknowledging and accepting that the Omni CRA shall maintain any and all above standard
improvements for the life of the CRA; and, further, requesting that the City of Miami waive all administrative fees
as its in -kind contribution toward this project.
JUSTIFICATION:
The Chief of Operations of the City of Miami Department of Capital Improvement Projects has informed the
Executive Director that due to the commencement of construction prior to the receipt of final contractor pricing,
the engineer's original cost estimate had been exceeded. It is recommended that the Board of Commissioners
of the Omni Redevelopment District CRA authorize the expenditure of additional funds in an amount not to
exceed $554,255.22.
FUNDING SOURCE: $554,255.22 from Omni TIF Account No. 686001.590320.6 .860 entitled Construction in
Progress.
JHV/eh