HomeMy WebLinkAboutCRA-R-10-0107 12-16-2010 Cover MemoOmni Board of Commissioners Meeting
December 16, 2010
OMNI REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Marc D. Sarnoff
and Members of the CRA Board
From: Pieter A. Bockweg
Executive Director
Date: December 6, 2010 File: 10-00537a
Subject: Reimbursement to Bayfront Park
Management Trust for Drainage and
Staircase Installation.
References:
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 amending Resolution No. CRA-R-
10-0046 to include as an eligible expense, a reimbursement, in an amount not to exceed $37,275, to the
Bayfront Park Management Trust, for the installation of drainage facilities and staircases as a result of the
recent environmental remediation at Museum Park.
The Board of Commissioners, by Resolution No. CRA-R-10-0046, passed and adopted on June 10, 2010,
authorized the issuance of a grant, in an amount not to exceed $2 million, to the City of Miami to assist in its
obligation to provide funding for the environmental remediation of Museum Park.
The environmental remediation work has caused certain changes to the elevation of the Museum Park site,
requiring the installation of drainage facilities and staircases. To cover the costs associated with said
installation, the Bayfront Park Management Trust ("BPMT") now seeks financial assistance from the CRA.
Because the City's Capital Improvements Program has estimated that the entire $2 million allocated for the
remediation will not be needed, the remaining funds may be used for BPMT's request.
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 the "[elimination of] conditions which contribute to
blight" as stated redevelopment objectives.
This Resolution carries out these objectives.
FUNDING: NO FISCAL IMPACT