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Attachment E ==- CITY OF MIAMI. BEACH CITY HALL 1700 CONVENTION CEN1ER DRIVE MIAMi BEACH FLOR!DA 33139 =- COMMISSION MEMORANDUM NO. ~ . TO: ~yorSe~ourGelberand Members of the City commission DATE: January 4, 1.995 FROM: Roger M. Carlton L ,f'>. A ~ City Manager ~ REPOR~ ON THE RECREATION, CULTURE AND PARKS DEPARTMENT PROPOSED PLAN FOR THE IMPLEMENTATION OF THS $3.5. 0 MILLION GENERAL OBLIGATION BOND PROJECT. SUBJECT: ~MINISTRATION RECOMMENDATION: The Administration recommends that the Mayor and city commission review and approve the proposed plan for implementation of the city's $15.0 million General Obligation Bond Project. BACKGRomm: APproximately seven (7) months ago the Administration, under the direction of the Mayor and city commission, initiated a community involvement process to determine resident support for a General Obligation Bond to fund a comprehensive renovation of the city of Miallli Beach parks and recreation system. Also considered by residents was the size of the bond issue and the projects to be included. The Recreation, CUlture and parks Department, with the assistance of the Recreational Centers and Parks Facilities Board generated a list of capital projects that would upgrade the existing parks to a "state of the Art" system. In the following months the Administration presented this list of capital projects to approximatelY thirty (30) various community groups to obtain input, comments and opinions concerning the improvements. Based on these meetings a project that began as a $30.0 million program was refined to a $15.0 million program, focusing primarily on the neighborhood parks and related facilities. On November 8, 1994 the citizens of Miami Beach clearly stated that recreation ana pa.ks are priority services and important in enhancing their quality of life. By approving the $15.0 million General Obligation Bond Issue the residents expressed their desire for a high quality park and recreation system as well as their 460 willingness to fund the capital cost. continued... AGENDA ITEM ~-8. ~ , .. ~ q.S DATE COMMISSION MEMORANDUM page 2 pALYSIS: IHPLEMENTATZON PLAN It is currently projected that implementing the General Obligation Bond program will be accomplished over a four to five year period. :In order to achieve this goal the project will be implemented utilizing the following phased plan; Phase I Phase II Phase III Phase IV Master Plan Development Bond Sale Process (concurrent with Phase I) Desi9n construction The following outline describes a comprehensive approach for the implementation of facilities improvements at the various sites included in the Parks and Recreation Bond program. Of the various phases, comprehensive master planning of the total effort will afford the greatest opportunity for impacting the final product. The master plan will, in essence, serve as the road map and specifications for use in carrying out subsequent design and construction phases. Additionally, the proposed approach provides excellent flexibility in adjusting to changed requirements during any of the project phases. A. PHASE I - MASTER PLAN The purpose of tha master plan is to establish the basic frame work for the overall project and to provide the continuity and proper relationships among all projects activities. proposals for planning services from qualified firms will be solicited, to include the use of specialized disciplinas in key areas; such as parks and open space planning, signage and design, landscape design, structural, electrical and mechanical engineering, and parks and playground equipment. Programmatic data and schematic drawings for each of the sites would then be developed during this phase, in addition to design and other standards for replication throughout the various projects as follows: * Programming During this step, specific requirements for each site are 461 continued... COHHISSIOR MEMORANDUM. Page 3 aeveloped. square footage for new buildings and/or additions, site layouts and other speci~icsl based o~ the projected ne~ds and ~se as determined by commun~ty and staff ~nput, of the part1cular s1te are produced. * schematics Drawings and other documents are developed interpreting the program data for each sitel to include but not necessarily limited to land use plan, building schematics and estimates of probable cost. * standards Equipment, building and other site needs are specified including suggested manufacturers, specifications, building elevations, interior and exterior finishesl and space allocation guidelines. * Phasing & Scheduling construction durations, proj ect groupings and timing are developed in this step based on operating constraints and other requirements of the Parks and ~ecreation Department. The end product is a comprehensive document that details not only the specific improvements planned for each site, but also uniform standards for construction and equipment, phasing, project groupings to be developed concurrently and time lines for all development activities. B. PHASE XX - BOND SALE PROCESS The City anticipates initiating the process to sell the bonds in the first quarter of 1995. This process should take two to three months trom start to receipt of funds. It will involve the lIlunicipal rating agencies (Moody's and Standard & poor's), the Financial Advisor, Bear stearns, the. underwriting Team, Goldman Sacks & PaineWeber, Bond counsel and Underwriter1s Counsel. The costs of issuance on the $15 million should not exceed $250,000 with the net proceeds for the parks renovations of $14,750,000. The interest rate on such bonds would be approximately 6.5% at current rates and should be payable from the existing millage rate for general obligation debt service of 2.039 mills. Continued. · .162 COHM:tSSION MEMORANDUM pac;e .. c. PHASE III - DESIGN Based on the approved groupings and phasin~ of ~he pr~jects, proposals from qualified architectural des~gn f1rms w11l be solicited for individual projects or group of projects, all consistent with the approved phasing and scheduling strategy. Multiple contracts may be awarded. During this phase, construction documents ready for bidding are produced, based on approved schematics and standards. Additionally, at this point construction schedules and cost estimates are refined. D. PHASE IV - CONSTRUCTION construction bids for specific projects are solicited and firms selected. certain master or standing orders are also issued for standardization and replication of certain materials and/or equipment, i.e.: playground equipment, park signage, site furnishings. Multiple contracts may be awarded. fROJECTED ~IME LIN!: It is anticipated that Phase I and Phase II (Master Plan and Bond sales Phases) will proceed on the following time line: PHASB I - Kaster Plan * Preparation of specifications necessary to issue a Request for Letters of Interest (RFLI1s) seeking qualified firms to develop a Master Plan - January 9, 1995 - January 27, 1995. * Issuance, return and bid opening of RFLI's - January 30, 1995 - March 1, 1995. * Review RFLI'S, convene a selection committee, refer selection order to city Commission for authorization to negotiate - March 2, 1995 - April 5, 1995. << Negotiate contract with selected firm and return the agreement to the city Commission for approval - April 6, 1995 - May 3, 1995. * Implement the Master Plan development process, neighborhood meetings, gather all pertinent data, documents - May 4, 1995 - October 4, 1995. conduct prepare continue4... 463 COMMISSION MEMORANDUM page S PHASE II - Bond Sales According to the Finance Department Administration the sale of the first bonds could begin in early January 1995 and be completed by March 31, 1995. The amount of the first series will be determined at a later date. At the conclusion of Phases I and II, Phase III (Design) would begin. It is anticipated this phase would be ongoing and selected programs for phase IV (construction) would also be implemented as various facilities were designed, bid and approved for development by all parties including the community, the-Recreation, culture and Parks Advisory Boards and ultimately the Mayor and city Commission. Assuming this process commences immediately the city of Miami Beach and our residents will enjoy a completely renovated parks system in approximately five years. During the entire process, commissioner David Pearlson will serve as the commission Liaison for the program and reports will be made at each capital Improvements/Finance Committee meeting. The results of the discussion at its capital Improvements/Finance committee will appear on the SUbsequent City Commission meeting agenda tor discussion. The Recreational centers and Parks Facilities Board and the Youth Center Advisory Board will also be involved in monitoring the program. CONCLUSION: The Administration recommends that the Mayor and the city co~ission review and approve the proposed plan for the Implementation of the city'S $15 million dollar General Obligation Bond project. RMC/KSjls 464