Loading...
HomeMy WebLinkAboutCRA-R-11-0013 02-28-2011 Cover MemoOmni Board of Commissioners Meeting February 28, 2011 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: February 18, 2011 File: 11-00172 Subject: Grant to City of Miami for Improvements to the Baywalk at Museum Park 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 authorizing the issuance of a grant, in amount not to exceed $1,143,000, to the City of Miami to aid in its matching funds obligation under the Florida Inland Navigation District ("FIND") grant for improvements to the Baywalk at Museum Park. The CRA and the City plan to improve the Baywalk at Museum Park by extending the walkway, and installing lighting, benches, trash receptors and decorative pavers. The total project cost is estimated at $2,286,000. The City will obtain a matching grant from the Florida Inland Navigation District. JUSTIFICATION: Section 5, at page 54, of the 2009 Omni Redevelopment Plan, lists the Museum Park project as a high priority, and states that the CRA's support of the project shall include construction. This Resolution carries out this objective. FUNDING: $1,143,000 from Omni Tax Increment Fund, "Other Grants and Aids," Account Code No. 10040.920101.883000.0000.00000.