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HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM FILE ID: 42-0/y Date: 1/3/12 Requesting Department: CIP Commission Meeting Date: 1/24/13 District(s) Impacted: 2 Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other Subject: Resolution authorizing the City Manager to execute a Joint Participation Agreement with the Miami Downtown Development Authority for the Downtown Miami Signage and Wayfinding System. Purpose of Item: Law Department Matter ID No. To authorize the City Manager to execute a Joint Participation Agreement (JPA) with the Miami Downtown Development Authority (DDA) for the Downtown Miami Signage and Wayfinding System (Project). The DDA wishes to support the City's efforts by providing funding in an amount not to exceed $150,000. The City will be responsible for the management and administration of the Project. Background Information: The City and the DDA wish to enhance the signage and wayfinding system for motorists, pedestrians, bicyclists and transit users within the Downtown Miami area. The Downtown Miami Signage and Wayfinding System (Project) scope includes, but is not limited to new vehicular, pedestrian and parking wayfinding signage, and improvements to the public right-of-way, such as the removal of repetitive and aging signs, and the installation of district gateway and destination signs. The City and the DDA applied for and were awarded a federal grant in the amount of $1,000,000 from the Florida Department of Transportation for the construction of the Project. The DDA wishes to support the City's efforts by providing funding in an amount not to exceed $150,000. Funds are to be appropriated by separate resolution. 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: CIP Project No: B-30941 NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: $150,000 Final Approvals (SIGN AND DATE) CIP N/A Budget If using or receiving capital funds C Grants N/A Risk Purchasing N/A Dept. Directo Chief City Manager