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HomeMy WebLinkAboutCRA-R-07-0056City of Miami Legislation CRA Resolution: CRA-R-07-0056 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 07-01507 Final Action Date: 12/12/2007 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY AUTHORIZING THE CONTRIBUTION OF FUNDS, IN AN AMOUNT NOT TO EXCEED $5,000,000, TO THE CITY OF MIAMI ("CITY") FOR CAPITAL IMPROVEMENT PROJECT B-50658, CONSISTING OF IMPROVEMENTS ALONG NORTH BAYSHORE DRIVE FROM N.E. 17th TERRACE TO N.E. 19th STREET AND ALONG N.E. 18th STREET FROM N.E. 4th AVENUE TO NORTH BAYSHORE DRIVE, WITH ALL WORK TO BE PERFORMED THROUGH THE CITY'S DEPARTMENT OF CAPITAL IMPROVEMENTS AND TRANSPORTATION; AUTHORIZING THE EXECUTIVE DIRECTOR, AT HIS DISCRETION, TO DISBURSE SAID FUNDS 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; FUNDS IN THE AMOUNT OF $5,000,000 TO BE ALLOCATED FROM OMNI TAX INCREMENT FUND, "CONSTRUCTION IN PROGRESS," ACCOUNT CODE NO. 10040.920101.670000.0000.00000. WHEREAS, the Omni Redevelopment District Community Redevelopment Agency is responsible for carrying out community redevelopment activities and projects in accordance with its approved Redevelopment Plan; and WHEREAS, the area along North Bayshore Drive from N.E. 17th Terrace to N.E. 19th Street and along N.E. 18th Street from N.E. 4th Avenue to North Bayshore Drive is currently experiencing flooding due to inadequate roadway conditions; and WHEREAS, the City of Miami's Department of Capital Improvements and Transportation has designed roadway improvements consisting of new drainage, raising the road profile elevation, sidewalk reconstruction, landscaping, signage and pavement markings; and WHEREAS, the City of Miami has asked the CRA to fund construction of these improvements; and WHEREAS, "provid[ing] adequate public utilities and services for the area's residents and businesses" is a stated objective of the Redevelopment Plan, at page 9, Section III.C.1; and WHEREAS, Board of Commissioners wishes to authorize funding for this project; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: City of Miami Page 1 of 2 File Id: 07-01507 (Version: 21 Printed On: 1/5/2023 File Number: 07-01507 Enactment Number: CRA-R-07-0056 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. The contribution of funds, in an amount not to exceed $5,000,000, to the City of Miami for capital improvement project B-50658, consisting of improvements along North Bayshore Drive from N.E. 17th Terrace to N.E. 19th Street and along N.E. 18th Street from N.E. 4th Avenue to North Bayshore Drive, with all work to be performed through the City's Department of Capital Improvements and Transportation, is authorized. Section 3. The Executive Director, at his discretion, is authorized to disburse funds 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. Section 5. Funds are to be allocated from Omni Tax Increment Fund, "Construction in Progress," Account Code No. 10040.920101.670000.0000.00000. Section 6. This Resolution shall become effective immediately upon its adoption. City of Miami Page 2 of 2 File Id: 07-01507 (Version: 21 Printed On: 1/5/2023