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HomeMy WebLinkAboutR-76-0558RFC/rb 5/28/76 "SU PP^FT!VE FOLLOW„ RESOLUTION NO. 76-553 A RESOLUTION ALLOCATING THE SUM OF $10,588 FROM THE CAPITAL IMPROVEMENT FUND --UNALLOCATED FUNDS; AND AUTHORIZING SUCH SUM TO BE EXPENDED BY THE DEPARTMENT OF OFF-STREET PARKING FOR PROPOSED IMPROVE- MENTS TO THE OLYMPIA BUILDING, AT 174 EAST FLAGLER STREET, MIAMI, FLORIDA. WHEREAS, the Olympia Building at 174 East Flagler Street, Miami, Florida, is owned by the City of Miami, which has the responsibility to perform capital improvements required by the City Building Code; and WHEREAS, the operation and management of the afore- said building is the responsibility of the Off -Street Parking Authority Board; and WHEREAS, the cost of certain proposed capital improvements will not exceed $10,588, said improvements to be performed under a contract to be awarded and administered by the Off -Street Parking Authority Board; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The sum of $10,588 is hereby allocated from the Capital Improvement fund --Unallocated Funds and such sum is authorized to be expended by the Department of Off -Street Parking for proposed improvements to the Olympia Building at 174 East Flagler Street, Miami, Florida. PASSED AND ADOPTED this q day of JUNE 1976. MAURICE A, FERRE AT TY CLERId PREPARED AND APPROVED BY: ROBERT F. CLARK, Asst. City Atty. APPROVED AS TO FORM AND CORRECTNESS: JOH11 S. LLOYD, City Attorney MAYOR "DOCUME+� I 1DE.X ITEM N CITY COMM.ISSION MEETING OF JUN 91976 REMARKS: CITY OF MIAMI. FLORIDA INTER -OFFICE MEMORANDUM TO: FROM: Honorable Members of the City Commission P. W. Andrews City Manager DATE SUBJECT: FILE: Improvements to Olympia Building 174 E. Flagler Street REFERENCES: ENCLOSURES: In conformance with Dade County':, Ordinance No., 75-34 pertaining to older buildings throughout Dade County, an inspection and evaluation of the Olympia Building at 1.73 East Flagler Street has been made by L. B. Taylor, Consulting Structural Engineers, and it has been deter- mined that certain improvements should be made. The property contains two functions housed in one building --a 10-story office portion and the Gusman Hall Theater. When Gusman Hall was con- verted fron a movie house Lc at performing Ali t:c theater, a considerable amount of money was spent for alterations and ?efurbishings, and this portion has been maintained in good condition. However, the 1.0-story office portion has had very little maintenance :in the past several years and various improvements and structural corrections are necessary. Of immediate concern for the protection of the building, approximately $10,000 must be spent on the roof system. In addition, corrections of some deficiencies and modifications will be required on each floor throughout the building. It is estimated these improvements will cost about $135,000 and be accomplished over the next several months. Fund- ing for the work is now being arranged. Although the Off -Street Parking Authority Board is charged with the operation and management, this structure is owned by the City of Miami and therefore it is the City's responsibility to fund improvements such as this in the event such improvements cannot be supported by the revenues earned, In the future, normal maintenance and repair of the facility will be funded from the revenues earned from office rentals and the use of Gusman Hall. It is also expected that within the next 5 years, building revenues will be sufficient so that the City can be reimbursed for the expenditure of approximately $150,000. It is recommended that the sum of $10,588 be allocated from the Capital Improvement Fund --Unallocated Funds, to cover the cost of the following improvements: (,;) ... _ . . ,.C; i r i 11=?ifc t'.: In udder the water tower at the root level; (b) waterproofing the parapet walls; J') (c) reroofing the structure; ,/--/-•)(d) modifications required to obtain building permits for L._//). improvements of the top floors of the building. f Page 1 of 2 Honorable Members of the City Commission TIN B178 The Department of Off -Street Parking has received bids for the above work and reports that the lowest bids for Items (a), (b), and (c) • amount to $7,588. This would allow $3,000 to cover the modifications in (d) above. The contract for this work would be awarded and admin- istered by the Off -Street Parking Authority. ATTACHED FOR YOUR CONSIDERATION IS A RESOLUTION TO ACCOMPLISH THE ABOVE.