HomeMy WebLinkAboutSummary Form' AGENDA ITEM SUMMARY FORM
&�,��; FILE ID: 16-01098
Date: 7/26/2016 Requesting Department: CITP
Law Department
Commission Meeting Date: 9/8/2016 District Impacted: District 5 Matter ID No.
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Resolution accepting funds in the amount of $750,000 and authorizingthe e City Manager to execute a
Grant Agreement with the State of Florida, Department of Economic Opportunity ("DEO"), for Capital
Imbrovements and Transbortation Program Proiect No. B-173600 "NE 4111 Street/Design District" (the "Project").
within the Miami Design District.
Purpose of Item:
To accept funds in the amount of $750,000 from the State of Florida, Department of Economic Opportunity
("DEO") to fund the cost of infrastructure and rights-of-way improvements within the Miami Design District
along NE 41St Street between NE 2nd Avenue and NE 1" Avenue associated with the Capital Improvement and
Transportation Program Project No. B-173600, "NE 41st Street/Design District" (the "Project"). This
resolution further authorizes the City Manager to execute a Grant Agreement in substantially the attached form,
with the DEO for said purpose.
Background Information:
In June 2016, CITP was notified about a $750,000 public improvement DEO grant that was made available to
the City. The funding program allows for the City's required 50% match contribution of $375,000 to be
provided in either the form of a cash contribution or a capital project that benefits the area. In July 2016, the
DEO confirmed that Capital Improvement Project No. B-78508 was qualified to serve as the City's required
funding match. However, all work on both the Project and the City's matching capital project needs to be
substantially completed by June 30, 2017. The Grant Funds from the DEO shall be used solely for costs
associated with the Right -of -Way Improvements.
Budget Impact Analysis
YES Is this item related to revenue? mo �e AS
YES Is this item an expenditure.. If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No. B-173600 and B-78508
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? �i
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact: $75,0;000- 1, < D-�5 U 00
Final Approvals
(SIGN AND DATE
CIP
Iftisfng or re(
(wants
Budget
r
Risk Man' gemei
Dept.'-Director—
City
ept.' Director_City Manager_
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