HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID:
Date: 08/12/2011
Do75-g
Law Department
Matter ID No.
11-1478
Requesting Department: Community Development
Commission Meeting Date: 09/15/2011 District Impacted: 4
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: EXTENSION OF AGREEMENT END TERM DATE WITH BASCOMB MEMORIAL
BROADCASTING FOUNDATION/WDNA 88.9 FM
Purpose of Item:
AUTHORIZING THE CITY MANAGER TO EXECUTE AMENDMENT NO. 1 TO THE AGREEMENT
BETWEEN THE CITY OF MIAMI ("CITY") AND BASCOMB MEMORIAL BROADCASTING
FOUNDATION/WDNA 88.9 FM ("BASCOMB MEMORIAL"), EXTENDING THE AGREEMENT END
DATE FROM SEPTEMBER 30, 2011 TO MARCH 31, 2012, FOR SPECIAL ECONOMIC
DEVELOPMENT ACTIVITIES SPECIFICALLY THE REHABILITATION OF THE PROPERTY
LOCATED AT 2921 CORAL WAY, MIAMI, FLORIDA; FURTHER AUTHORIZING THE CITY
MANAGER TO EXECUTE AMENDMENT NO. 1, IN SUBSTANTIALLY THE ATTACHED FORM(S),
WITH SAID ENTITY, FOR SAID PURPOSE(S).
Background Information:
Please see attached
Budget Impact Analysis
NO Is this item related to revenue?
NO Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Final Approvals
(SIGN AND DATE)
CIP Budget
If using''or receiving capital: funds
Grants
Purchasing
Chief t7/0 City Manager `..
Risk Managem ` t
Dept. Director', \
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AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
Pursuant to Resolution Nos. 10-0360, adopted September 16, 2010, the Miami City Commission
approved the amended allocation of $ 2,304,039 in Community Development Block Grant ("CDBG")
funds for economic development activities which included the allocation of $45,500 to Bascomb
Memorial for special economic development activities, specifically the rehabilitation of the property
located at 2921 Coral Way, Miami, Florida.
Due to delays in the start of the construction, the project will not be completed by the September 30,
2011 deadline.
The Administration recommends execution of Amendment No. 1 to the Agreement between the City
and Bascomb Memorial extending the Agreement end date from September 30, 2011 to March 31,
2012, for special economic development activities.