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Date: 12/29/2014
AGENDA ITEM SUMMARY FORM
FILE ID: 14-01320
Requesting Department: Management and Budget
Commission Meeting Date: 1/8/2015 District Impacted: Citywide
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Financing for Capital Improvements of the Lands Surrounding the Miami Marine Stadium
Purpose of Item:
Law Department
Matter ID No.
A resolution declaring the official intent of the City of Miami to finance approximately $16 million
for capital improvements in the lands surrounding the Miami Marine Stadium to prepare for the
hosting of the Miami International Boat Show.
Background Information:
The discussion at the November 20, 2014 City Commission Meeting regarding the Miami Marine
Stadium resulted in direction to begin negotiations with the International Boat Show to bring the event
to the Miami Marine Stadium. As such, City staff has prepared a preliminary scope of work and cost
estimate for capital improvements (design, site work, and infrastructure improvements) to include site
work and infrastructure development of an approximately 15-acre park located at the Virginia Key
property surrounding the Marine Stadium necessary to host the event, but not to repair the Marine
Stadium itself.
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: N/A
Special Revenue Account No: N/A
CIP Project No: N/A
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Total Fiscal Impact: $16 million
Final Approvals
(SIGN AND DATE)
CIP Budge,
If using or receiving capital funds
Risk Management
Purchasing Dept. Direct
Chief /J -r City Mai ger
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