HomeMy WebLinkAboutSummary FormDate: 12/010/2012
AGENDA ITEM SUMMARY FORM
FILE ID: /a-01y10
Law Department
Matter ID No.
Requesting Department: Community & Economic Development
Commission Meeting Date: 01/10/2013 District Impacted: 3
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance n Discussion Item
❑ Other
Subject: ALLOCATION OF COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG")
FUNDS TO MIAMI DADE COLLEGE
Purpose of Item:
AUTHORIZING THE ALLOCATION OF COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS
("CDBG") IN THE AMOUNT OF $650,000 FROM THE DISTRICT 3 ECONOMIC DEVELOPMENT
RESERVE ACCOUNT; ALLOCATING SAID FUNDS TO MIAMI DADE COMMUNITY COLLEGE
("MDC") FOR PUBLIC FACILITIES AND IMPROVEMENT ACTIVITIES, SPECIFICALLY, THE
REHABILITATION OF THE TOWER THEATER; AUTHORIZING THE CITY MANAGER TO EXECUTE
ALL NECESSARY DOCUMENTS FOR SAID PURPOSE.
Background Information:
Please see attached
Budget Impact Analysis
NO 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: TO BE DETERMINED
CIE Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact: $650,000
Final Approvals
(SIGN AND DATEI
CIP Budge ,'
If using or receiving capital funds
Grants
Purchasin 0 Dept. Director
C ee- City Manager
Risk Management
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AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
Pursuant to Resolution No.12-0060, adopted February 23, 2012, the Miami City Commission
approved the allocation of Program Year 2012-2013 CDBG funds in the amount of $1,160,716, to the
City of Miami ("City") Economic Development Reserve Account for economic development activities;
specifically $433,687 to the District 3 Economic Development Reserve account.,
The Tower Theater is one of Miami's oldest cultural landmarks which opened in December 1926 and
was the finest state-of-the-art theater in the South and serves as a historic gathering place for
cultural connections in Little Havana, where the community can enjoy alternative and culturally
specific exhibitions and performances, free educational lectures given by MDC faculty and other
scholars in our community, and both Spanish -language films and English -language films, subtitled in
Spanish.
The Tower Theater is in need of rehabilitation and improvements.
MDC currently has a Management Agreement with the City of Miami to operate and manage the
Theater for the benefit of the Community.
The Administration recommends the allocation of CDBG funds in the amount of $650,000 from the
'District 3 Economic Development Reserve Account to MDC for Public Facilities and Improvement
Activities at the Theater.