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Agenda 10/28/2008 Item #16D24 Agenda Item No. 16024 October 28,2008 Page 1 of 2 EXECUTIVE SUMMARY Recommendation to approve a budget amendment recognizing $398,238 in revenue from the pre-payment of development expenses for shared infrastructure for the construction of the Children's Museum of Naples Obiective: To provide additional educational and recreational experience opportunities at North Collier Regional Park through a public/private partnership. Considerations: The Children's Museum of Naples, Inc. is a private, non-profit institution founded May 2002 with the mission of providing an environment in which children and their families play and learn together. On December 16, 2003 the Board approved an agreement with the Children's Museum of Naples, Inc. and established a partnership with the Collier County Board of County Commissioners in which the museum leases two acres, located at North Collier Regional Park for $100 annually and will construct a 20,000-square-foot building. The Children's Museum of Naples, Inc. has agreed to maintain the building once constructed and provide $398,238 in funding for infrastructure costs associated with the two-acre site. The Children's Museum of Naples, Inc. made a payment of $392,153.50 on November 8,2007 and $6,084.50 on January 4th, 2008 for a total of $398,238 as stated in article 4A of the original Lease Agreement. The $398,238 represents payment of 50% of total expenses to develop shared "infrastructure" of the Children's Museum of Naples. The Parks and Recreation Advisory Board unanimously approved this partnership in concept on September 17, 2003. Leaal Considerations: This item has been reviewed by the County Attorney's Office and does not present any legal issues. CMG Fiscal Impact: Staff has prepared a budget amendment recognizing $398,238 in revenue from the Children's Museum of Naples and appropriating it to the North Collier Regional Park project number 80692 in the Parks and Recreation Impact Fee Fund 346. These funds will be used to complete the boardwalk portion of the park. Growth Manaaement Impact: No growth management impact is associated with this action. Recommendation: That the Board of County Commissioners approves the proposed budget amendment. Submitted by: 1I0nka E. Washburn, Operations Manager, Parks and Recreation - Page 1 of 1 Agenda Item No. 16024 October 28, 2008 Page 2 of 2 COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS Item Number: 16024 Item Summary: Recommendation to approve a budget amendment recognizing $398,238 in revenue from the pre-payment of development expenses for shared infrastructure for the construction of the Childrens Museum of Naples, Meeting Date: 10/28/2008 90000 AM Approved By Barry Williams Director Date Public Services Parks and Recreation 101712008 10:54 AM Approved By Marla Ramsey Public Services Administrator Date Public Services Public Services Admin. 10/14/20084:24 PM Approved By Colleen Greene Assistant County Attorner Date County Attorney County Attorney Office 10116/200811:02 AM Approved By OMB Coordinator Applications Analyst Date Administrative Services Information Technology 10/161200811:09 AM Approved By Susan Usher Senior Management/Budget Analyst Date County Manager's Office Office of Management & Budget 10/17/20089:07 AM Approved By James V. Mudd County Manager Date Board of County Commissioners County Manager's Office 10/18/20086:48 PM file:IIC:\AgendaTest\Export\ 1 15-0ctober%2028, %202008\16.%20CONSENT%20AGEN... 10/22/2008