HomeMy WebLinkAboutCRA-R-10-0046 Cover Memo 4-26-2010Omni Board of Commissioners Meeting
April 26, 2010
OMNI REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Marc D. Sarnoff Date: April 16, 2010 File: 10-00537
and Members of the CRA Board
Subject: Resolution Authorizing a Grant to the
City to assist in its Obligation to
Provide Funding for the Environmental
Remediation of Bicentennial Park.
From: James H. Villacorta References:
Executive Director
Enclosures: Supporting Documentation; Legislation
BACKGROUND:
It is recommended that the Board of Commissioners of the Omni Redevelopment District Community
Redevelopment Agency ("CRA") approve and adopt the attached Resolution authorizing the issuance of a grant,
in an amount not to exceed $2,000,000, to the City of Miami to assist in its obligation to provide funding for the
environmental remediation of Bicentennial Park, contingent upon the City Manger certifying to the CRA that the
Miami Art Museum of Dade County Association, Inc. and the Museum of Science, inc. have secured the funding
necessary to complete the Museum component of the Museum Park project at Bicentennial Park.
On September 12, 2008, Miami -Dade County, the City of Miami ("City"), the Miami -Sports and Exhibition
Authority, Miami Art Museum of Dade County Association, Inc.("MAM"), Museum of Science, lnc.("MSM"), and
the Historical Association of South Florida, Inc. executed a Memorandum of Understanding ("MOU") concerning
the development, design, construction, and operation of the Museum Park Project on Bicentennial Park.
Pursuant to the MOU, on December 11, 2008, the City Commission adopted Resolution No. 08-0707, approving
the terms of, and authorizing the City Manager to execute a lease agreement between the City and MAM, and a
lease agreement between the City and MSM, for the development and operation of the Museum Component of
the Museum Park Project at Bicentennial Park. Sampling conducted by environmental consultants for MAM and
MSM has indicated the presence of contaminants at Bicentennial Park in excess of established soil and ground
water clean-up target levels, as set forth in Chapter 62-777, Fla. Admin. Code. Consequently, the leases provide
that the execution of an Environmental Remediation Agreement is a condition precedent to possession of the
land.
On July 9, 2009 the City, MAM, and MSM executed an Environmental Remediation Agreement, which provides
that the City is obligated to contribute up to $2,000,000 towards the cost of environmental remediation of the
property covered by the leases. Furthermore, paragraph 12(f) of the Environmental Remediation Agreement
provides that the parties intended to have the CRA "contribute the funds necessary to pay the Environmental
Cost if the boundaries of the CRA are expanded to include Museum Park." The CRA's boundaries have been
expanded and the CRA wishes to assist the City in fulfilling its obligation under the MOU and the Environmental
Remediation Agreement.
JUSTIFICATION:
Section 4.4.D., at page 42, of the 2009 Omni Redevelopment Plan lists "[c]reat[ing] opportunities for new
development through improvements to the public realm" and "[e]liminat[ing] conditions which contribute to blight"
as a stated redevelopment objectives.
This Resolution accomplishes these objectives.
FUNDING: $2,000,000 from Omni Tax Increment Fund, "Other Grants and Aids," Account Code
No.10040.920101.883000.0000.00000.