HomeMy WebLinkAboutDDA ResolutionRESOLUTION NO. 02/2015
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE MIAMI
DOWNTOWN DEVELOPMENT AUTHORITY ("DDA") OF THE CITY OF
MIAMI, FLORIDA, AUTHORIZING THE EXECUTIVE DIRECTOR TO
EXECUTE A JOINT PARTICIPATION AGREEMENT WITH THE CITY OF
MIAMI AND/OR OTHER AGENCIES AS APPROPRIATE TO SUPPORT THE
CITY'S EFFORTS BY PROVIDING PROJECT FUNDING IN AN AMOUNT
NOT TO EXCEED $500,000 FOR THE CITY OF MIAMI SIGNAGE AND
WAYFINDING PROJECT; AND FURTHER AUTHORIZING THE
EXECUTIVE DIRECTOR TO CONTINUE TO PURSUE COST -SHARING
OPPORTUNITIES WITH THE MIAMI PARKING AUTHORITY,
COMMUNITY REDEVELOPMENT AGENCIES, AND OTHER APPLICABLE
ORGANIZATIONS,
WHEREAS, a quality signage and wayfinding system improves community image, eases traffic
congestion, guides visitors to their destinations, and promotes walking, bicycling and mass transit and
WHEREAS, the City of Miami and the DDA wish to facilitate the construction of wayfinding
signage improvements, within both the City and DDA limits; and
WHEREAS, the City and the DDA applied for and were awarded a federal grant in the amount of
$1,000,000 dollars from the Florida Department of Transportation for the construction of the Project; and
WHEREAS, the DDA has secured Florida Department of Transportation (FOOT) approvals and
preliminary City building permit dry -run reviews of the Projeet; and
WHEREAS, in addition to the $1,000,000 dollars from the Florida Department of Transportation, the
DDA in association with partner agencies wishes to support the City's efforts by providing Project funding in
an amount not to exceed $500,000; and
WHEREAS, the DDA Executive Director has secured commitments from the Miami Parking
Authority and the Omni/Midtown Community Redevelopment Agency for cost sharing of the Project,
provided herein as Exhibit I.
NOW, THEREFORE, be it resolved by the Board of Directors of the Miami Downtown
Development Authority of the City ofMiami, Florida:
Section 1. The recitals are true and correct and are adopted by reference and incorporated as if
fully set forth in this Section.
Section 2, The DDA Board of Directors authorizes the Executive Director to execute a Joint
Participation Agreement with the City of Miami and/or other agencies as appropriate to support the City's
efforts by providing project funding in an amount not to exeeed $500,000 dollars for the City of Miami
Signage and Wayfinding projeet,
Section 3. The DDA Board of Directors authorizes the Executive Director to continue to pursue cost
sharing opportunities with the Miami Parking Authority, Community Redevelopment Agencies, and other
applicable organizations,
13M: 03/20/20 15
Reso# 02/20 15
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PASSED AND ADOPTED THIS 20th DAY OF MARCH, 2015.
Co rnissioner Marc
rfioff, Chaim n
1 co M, obertson, Executive .Director
ATTEST:,
Madelyne Raybofrn
Secretary to the Board of Directors
BM: 03/20/2015
Reso#02/2015
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