Attachment AA
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i\fiam i Be::!ch
Redevelopment Agency
I iOO Convention Center Drive
,\Ii::!mi Be::!ch, Florid::! 33139
Telephone: (305) 6i3- i295
Fax: (305) 6iJ- iii2
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REDEVELOPIHENT AGENCY IHEMOR-\.!.'iDTJl\I NO. 98- 31
September 23, 1998
TO:
Chairman and Members of the
Miami Beach Redevelopment Agency
Sergio Rodriguez ~
Executive Direct~
A RESOLuTION OF THE CH..4JRIHAN AL'ID lVIEl\'IBERS OF THE lVIIA.l"Il
BEACH REDEVELOPIHENT AGENCY AUTHORIZING THE
ADMINISTR<\.TION TO PROCEED \VIl"H THE DESIGN .4J.~D
IlVIPLElVIENTATION OF PHYSICAL ThIPROVEIHEl'lTS IN THE SOUTH
POINTE REDKVELOPl\'IENT AREA A...1'ID APPROPRL<\.TING THE
l'1"ECESSARY FUNDS TO ACCOlVIPLISH THELVl FROM AVAILABLE TAX
INCRELV1E~l ~l)S
FROM:
SUBJECT:
RECOMIHENDA TION:
Adopt the Resolution.
BACKGRO{Jl'i"D: -
In the September 9, 1998 Redevelopment Agency Memorandum No. 98-32, it was explained that
over the past several years, the Administration and the RDA consultant, Duany Plater-Zyberk
Architects, have been working with the South Pointe Advisory Board to develop a streetscape plan
and establish priorities for these improvements. Cost estimates for the improvements were prepared
by the City's Public Works Department.
On July 1, 1998, the City Commission voted to allocate $ I, I 92,583 in park bond funds from South
Pointe Park and \Vashington Park to other activities in the Parks Bond Program. However, the
companion item to replace that funding and fully appropriate moneys to renovate the two parks from
TIF in the amount of S4,517,483 was not approved.
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Agenda Item3C
Da:e q-~_3-Cf~
ANAL YSIS
The Streetscape and Capital Improvements Plan endorsed by the South Pointe Advisory Board
(SP AB) encompasses approximately 524 million in streetscape, undergrounding of utilities, BaywaL1c
extension and park imDrovements. On SeDtember 18, 1997, the South Pointe Advisory Board
. .... ...
established priorities for the improvements. These activities were reported to the RD.AJCiry
Commission at the September 24, 199"7 .... em N. 49-97 and the October 21, 1997
meeting in Memorandum No. 714-9 . (See attached Exhibit 1.)
On April 15, 1998, the RD.AJCity Commission was presented '.vith !\vo alternative financial
scenarios in relation to the proposed Porto fino Settlement Agreement. These charts have been
revised to reflect a contingency and are attached as Exhibits 2A and 2B.
As presented before, Exhibit 2A shows the pre-settlement scenario with the 58.4 million marina
garage being constructed in 1998; as originally assumed and as required under the marin~
agreements. Under this scenario and based upon the premise that the Settlement Agreement is not
implemented, there would not be adequate funds to initiate the streetscape improvements in 1998
or 1999. These improvements would have to be deferred until the year 2000, unless the Agency
was willing to issue bonds.
Exhibit 2B shows a scenario with the Settlement Agreement in place, which would allow the marina
parking to be built in stages over time under each of the proposed Porto fino buildings. The 2B
scenario shows approximately $4 million available in 1998 and $1 million in 1999 in order to
accomplish the streetscape program.
It should be noted that neither of the above referenced charts contemplated extension of the life of
the South Pointe Redevelopment Area, and both show in excess of $44 million in available tax
increment revenues over tpe ten-year period, in addition to contingencies, which would be adequate
to accomplish the desired physical improvement program.
The priority list ~ established by the SP AB is attached as part of Exhibit I (Commission Memo
714-97). It is recommended that this priority list be utilized as the operative priority list, along with
restoration of funding for the implementation of Washington Park and South Pointe Park. In
addition to the recommendations of the SPAB on September 9, 1998, the City Commission directed
the Administration to implement the recommendations of the Washington Avenue Task Force.
These recommendations included approximately 570,000 in improvements in the South Pointe
Redevelopment Area. The cost estimates contained in the priority list and the task force report are
preliminary and ""ill require detailed engineering studies to be completed prior to determining more
definitive numbers. These estimates are to include the expenses for engineering, construction
management, contingencies, surveying and inspections to assure that the City budget is not out of
pocket for these expenses.
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For purposes of this memorandum, the Agency Board should appropriate up to $4 million in FY
1998 funds and up to S 1 million in FY 1999 funds in order to begin the process of designing and
engineering the specific improvements, for a total of $5 million. Based on the need to appropriate
$1:192,583 from TIF for South Pointe Park and Washington Park to replace the park bond funds
that \vere reappropriated on July 1, 1998, the available TIF for streetscape would be approximately
S 3.8 million.'
In terms of cost estimates, the priority list established by SPAB, and the Washington Avenue Task
Force Plan, this recornmended appropriation should be adequate to fund the following
improvements: First Street from Ocean Drive to Washington Avenue, Third Street from Ocean
Drive to Michigan Avenue including the Mosaic Plaza, 'Washington Avenue from South Pointe
Drive to Sixth Street, Jefferson Avenue from Second Street to Fifth street and Euclid Avenue from
Third Street to Fifth Street. Each project \\fill come back to the RDNCity Commission to authorize
award of bids.
\Vllenever streetscape projects of this nature are proposed, it is to alleviate blighted and high
maintenance conditions which presently exist in the area. It is important that the design of the
improvements be done in a way to minimize future maintenance costs. The maintenance cost
concerns \\fill be factored into the final design.
CONCLUSION:
The RDA should adopt the resolution authorizing the appropriation of 55 million in TIF for the
implementation of these needed streetscape improvements, based on the recommendations of the
community, and restoration of ftmds for park improvements to South Pointe Park and Washington
Park.
SR:CMC:MSD
Attachments
T:I.AGENDA \S EP2398\RDA \SPSTSCA.923
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RESOLUTION NO.
A RESOLUTION OF THE CH.-tiR1WAl\; A.ND 1HEl\'ffiERS OF
THE 1\-11.'\...1\11 BEACH REDEVELOPl\'IENT AGENCY
AUTHORIZING THE ADLVI11\U"STRATION TO PROCEED
\v1TH THE DESIGN Al'ofD ~IPLEwIENTATION OF
PHYSICAL I1HPROVEl\'IENTS IN THE SOUTH POII'I1E
REDE\iELOPiVIENT AREA Al'ID APPROPRIATING THE
NECESSARY FUNDs TO ACCOl\tIPLISH THEl\'! FROw!
AVAILABLE T A.X INCREMENT FUNDs
WHEREAS, the South Pointe Redevelopment Area (the "Area") is in need of physiCal
improvements to public rights of way and to parks in the Area; and
WHEREAS, the Administration has worked with its consultants, Duany, Plater, Zyberk,
Architects, and the South Pointe Advisory Board to develop and overall streetscape plan; and
WHEREAS, the South Pointe Advisory Board has prioritized the improvements and the
priority list has been transmitted to the Redevelopment Agency Board and is attached as Exhibit B;
and
WHEREAS, the City COmmission has reallocated $1.192 million in Park Bond funds from
South Pointe Park and Washington Park to other projects; and
\VHEREAS, there is a need to restore funding for those park improvements.
BE IT DULY RESOLVED BY THE MAYOR AND COMMISSIONERS OF TIlE
CITY OF MIAMI BEACH, FLORIDA, authorizing the Administration to proceed with the
design and implementation of physical improvements in the South Pointe Redevelopment Area and
further authorizes the appropriation from the South Shore Redevelopment Trust Fund of$4 million
in FY 1997/98 funds and $1 million in FY 1998/99 funds to accomplish the improvements.
PASSED AND ADOPTED this
day of
, 1998.
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ATTEST:
CHAIRJ."IAN
SECRETARY
APPROVED AS TO
FORM & LANGUAGE
& FOR EXECunON
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Rsdewe/opment Agency- ate
General cC'!!~_!
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