HomeMy WebLinkAboutCRA-R-10-0046 Cover Memo v2 6-10-2010Omni Board of Commissioners Meeting
June 10. 2010
OMNI REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Marc D. Sarnoff
and Members of the CRA Board
Date: June 2, 2010 File: 10-00537
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. has secured the funding necessary to complete its portion of 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,
liami Art Museum of Dade County Association, Inc.CMAM"), Museum of Science, Inc.(°Mv1SM"), and the Historical
,ssociation 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 MSIG1 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.