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HomeMy WebLinkAboutCRA-R-07-0045 Cover Memo• • • SEOPW and OMNI Boards of Commissioners Meeting October 29, 2007 Item # 5 SOUTHEAST OVERTOWN/PARK WEST AND OMNI COMMUNITY REDEVELOPMENT AGENCIES INTER -OFFICE MEMORANDUM To: Board Chair Michelle Spence -Jones Date: October 19, 2007 File: 07-01335 and Members of the CRA Board Subject: Authorizing Additional Funding for Design and Construction of Improvements to North Bayshore Drive From: James H. Villacort References: Executive Director Enclosures: Supporting Documentation, Legislation BACKGROUND: This resolution authorizes additional funds to complete design and fund construction of traffic and roadway improvements, including signage, along North Bayshore Drive between approximately Northeast 15th Street and Northeast 17th Terrace, Miami, Florida. All work is being performed through the City of Miami's Capital Improvements and Transportation Office. The Board of Commissioners by Resolution CRA-R-07-0006, adopted February 26, 2007, authorized $100,000 for design. Due to an expanded scope of work additional design fees of $25,000 will be incurred. This resolution authorizes the additional design fees and provides $375,000 in construction funding. JUSTIFICATION: Extensive new construction along North Bayshore Drive in front of Margaret Pace Park has generated traffic flows to and from those work sites which has had a detrimental impact on the hotels and businesses along North Bayshore Drive between approximately NE 15th Street and NE 17th Terrace. The CRA undertook a traffic study to evaluate possible solutions with an emphasis on solving ingress and egress bottlenecks and to assist visitors and tourists with way -finding signs. The traffic study was completed and this funding will allow completion of the design drawings and construction necessary to implement the study's recommendations. Funding for this project was included as part of the Omni CRA's 2007 Capital Projects Plan. FUNDING SOPRCE: $400,000 from Omni TIF Fund, "Construction In Progress," Account Code No. 10040.920101.670000.0000.00000. JHV/eh