HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: 15-0 1 395
Date: 10/16/15
Commission Meeting Date: 12/10/15
Type: 7 Resolution Ordinance
Requesting Department: CITP
District Impacted: 2
Law Department
Matter ID No.
Emergency Ordinance I I Discussion Item Other
Subj ect: Resolution authorizing the City Manager to accept an additional contribution of funds in the amount of
$350,000 from the Downtown Development Authority (DDA) for the Downtown Miami Signage and Wayfinding
System, Project B-30941.
Purpose of Item:
To authorize the City Manager to execute Amendment No. 1 to the Joint Participation Agreement ("JPA") dated
October 18, 2013 executed by and between the City and the DDA for the Downtown Miami Signage and
Wayfinding System (Project) accepting an additional contribution of funds from the DDA in the amount of $350,000
for the providing for an aggregate total contribution of funds by the DDA to the Project in the amount of $500,000.
The City will maintain responsibility for the management and administration of the Project.
Background Information:
On January 24, 2013, pursuant to City Resolution No. R-13-0039, the City Commission accepted a contribution of
funds in the amount of $150,000 from the DDA towards the Project. Subsequently, 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 Project has been on hold pending additional contribution of funds needed for the
construction of the Project.
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: N/A
Special Revenue Account No: N/A
CIP Project No: B-30941
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost: N/A
Maintenance Cost: N/A
Total Fiscal Impact: $350,000
CIP N/A
Grants
N/A
Procurement
Chief
Final Approvals
(SIGN AND DATE)
Budget
Risk Maagement
Dept. Director
City Manag
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