HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: /v0?'00 6S
Date: 6/5/12
Commission Meeting Date: 7/12/12
Law Department
Matter ID No.
Requesting Department: CIP
District(s) Impacted: ❑ 1 Z2 113 ❑4 05
Type: ® Resolution E Ordinance ❑ Emergency Ordinance 0 Discussion Item 0 Other
Subject: Grant acceptance from the Omni Redevelopment District Community Redevelopment Agency for
the construction of Museum Park, B-30538.
Purpose of Item:
To authorize the acceptance of a grant from the Omni Redevelopment District Community Redevelopment Agency, in
an amount not to exceed $5,000,000, for the construction of Museum Park. This resolution further authorizes the City
Manager to execute the Grant Agreement and all documents necessary, for said purpose.
Background Information:
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. Pursuant to the Interlocal Cooperation Agreement dated December 31, 2007 (Global
Agreement), entered into by the CRA, the City of Miami (City), and Miami -Dade County, the CRA agreed to amend
the redevelopment plan to include the Museum Park project. In the Global Agreement, the CRA further.. agreed to
expand its then existing boundaries to include Bicentennial Park for the purpose of allowing tax increment funds to
finance the Museum Park project. 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.
Pursuant to Resolution No. CRA-R-12-0027, adopted April 26, 2012, the Board of Commissioners of the CRA
authorized the issuance ofa grant, in an amount not to .exceed $5,000,000 to the City for the construction of Museum.
Park. The City wishes to accept the grant and enter into a Grant Agreement with the CRA, for said purpose.
Budget Impact Analysis
YES Is this item related to revenue?
YES Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No: 92-686001
CIP _Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
CIP N/A
$5,000,000
Final Approvals
(SIGN AND DATE
Budget
Grant
using or receiving capital fuA Risk I[inagement
s/
Purchasing N/A
Dept. Director
Chief c �Z[ �v City Manager
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Project Manager: John De Pazos