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HomeMy WebLinkAboutSummary FormDate: 01/28/2014 AGENDA ITEM SUMMARY FORM FILE ID: I `-1— n ©`1 3 Requesting Department: Planning & Zoning Commission Meeting Date: 02/27 2014 District Impacted: 2 Law Department Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item Matter ID No. ❑ Other Subject: Resolution to support creation of Miami Worldcenter Community Development District (CDD) Purpose of Item: SUPPORTING THE CREATION OF THE MIAMI WORLDCENTER COMMUNITY DEVELOPMENT DISTRICT ("CDD") BY MIAMI WORLDCENTER GROUP, LLC. Background Information: A Development Agreement was approved in November 2008 (Resolution No. 08-0658) to support the development of the area known as "Miami Worldcenter." Consistent with such agreement is the creation of a Community Development District (authorized by Chapter 190 of the Florida Statutes) by Miami Worldcenter, LLC. Part of that process requires the municipality to provide an official statement of support. Additionally, as per F.S. 190, prior to the filing of a petition with the County, the petitioner shall: "Pay a filing fee of $15, 000 to the county, if located within an unincorporated area, or to the municipality, if located within an incorporated area..." As such, payment of $15,000 is required as part of the process. Budget Impact Analysis YES 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: 0 Maintenance Cost: 0 Total Fiscal Impact: 0 CIP 1 fk Final Approvals (SIGN AND DATE) Budget If using or receiving capital funds Grants N rf Purchasing Chief ,iy p 31y Risk Managemen Dept. Director City Manager Page 1 of 1