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HomeMy WebLinkAboutCRA-R-12-0027 04-26-12 Legislation with attachmentCity of Miami Legislation CRA Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 12-00190 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY, WITH ATTACHMENT, DE -ALLOCATING $5,000,000, ASSOCIATED WITH PREVIOUSLY AUTHORIZED PROJECTS, AS MORE SPECIFICALLY SET FORTH IN ATTACHMENT "A"; ALLOCATING SAID FUNDS FOR THE CONSTRUCTION OF MUSEUM PARK PROJECT # CIP B-30538. WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within its Redevelopment Area in accordance with its approved Redevelopment Plan; and WHEREAS, the Board of Commissioners, by several resolutions, authorized funding for various projects; and WHEREAS, there now is $5,000,000 in funds from these previously authorized projects, as more specifically set forth in Attachment "A"; and WHEREAS, the Interlocal Agreement Between the City of Miami, Miami -Dade County, Southeast Overtown/Park West CRA and Omni CRA to Provide Funding for Major Projects for the Benefit of Al) Parties, date December 31, 2007, requires the Omni CRA to identify funding sources and reallocate the use of existing revenues for the construction of Museum Park; and WHEREAS, the Board of Commissioners wishes to authorize the de -allocation of $5,000,000, as more specifically set forth in Attachment "A", and allocatesaid funds for the construction of Museum Park Project # CIP B-30538; and NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: 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 amount of $5,000,000, associated with the previously authorized projects, as more specifically set forth in Attachment "A", are de -allocated, and said funds are hereby allocated for the construction of Museum Park Project # CIP B-30538. Section 3. This resolution shall become effective immediately upon its adoption. City of Miami Page 1 of 2 File Id: 12-00190 (Version: 1) Printed On: 4/19/2012 File Number: 12-00190 APPROVED AS TO FORM AND CORRECTNESS: GENERAL COUNSEL City of Miami Page 2 of 2 File Id: 12-00190 (Version: 1) Printed On: 4/19/2012 Attachment (A) OMNI Resolutions # DESCRIPTION RESOLUTION APPROVED AMOUNT EXPENDED AMOUNT AMOUNT TO BE DEOBLIGATED REMAINING BALANCE 1 Omni CRA Waterline Improvement Project CRA-R-08-0049 $4,768,843 $527,472 $4,025,836 $215,535 2 Skateboard Park CRA-R-08-0057 1,000,000 25,836 $974,164 $0 $5,768,843 $553,308 $5,000,000 $215,535