2009-27208 ResoRESOLUTION NO. 2009-27208
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY
OF MIAMI BEACH, FLORIDA, APPROVING THE TRANSFER OF $477,519
FROM THE CAPITAL RESERVE FUND TO THE PAY-AS-YOU-GO FUND
AND, ADOPTING AND APPROPRIATING THE CITY OF MIAMI BEACH
CAPITAL BUDGET FOR FISCAL YEAR (FY) 2009/10 AND THE CAPITAL
IMPROVEMENT PLAN FOR FY 2009/10 - 2013/14.
WHEREAS, the 2009/10 - 2013/14 Capital Improvement Plan (CIP) forthe City of Miami
Beach is a five year plan for public improvements and capital expenditures by the City; and
WHEREAS, this document is an official statement of public policy regarding long-range
physical development in the City of Miami Beach; and
WHEREAS, on July 21, 1999 the City Commission approved the FY 1999 - FY 2004 CIP
for the City; and
WHEREAS, since that time the City has issued additional General Obligation Bonds
pursuant to referendum; Water and Sewer Revenue Bonds; stormwater Revenue Bonds; 2001 and
2006 Gulf Breeze Loans; and a $15 Million Equipment Loan; and
WHEREAS, beginning in FY 2005/06, the City committed to funding aPay-As-You-Go
component of the capital budget funded from General Fund Revenues, as well as committing to
using Resort Tax Quality of Life funds in North, Middle, and South Beach for capital projects; and
WHEREAS, the approved CIP has been updated to include projects that will be active
during the FY 2009/10 through 2013/14; and
WHEREAS, the Proposed Capital Budget itemizes project funds to be committed during
the upcoming fiscal year detailing expenses for project components which include architect and
engineer, construction, equipment, Art in Public Places, and other related project costs; and
WHEREAS, on July 6, 2009 the FY 2009/10 Capital Funding priorities were discussed at
a meeting of the Finance and Citywide Projects and adjustments were made to the funding
recommendations presented; and
WHEREAS, the Capital Budget for FY 2009/10 therefore totals $168,754,362, with
$40,032,519 recommended for appropriation at this time for projects and capital equipment
acquisitions in conjunction with the FY 2009/10 Operating Budget; and
WHEREAS, based on current project schedules, additional water and sewer, and
stormwater financings, previously anticipated for FY 2008/09, are now planned to be financed over a
series of years ($44.8 million for water and sewer projects, and $65.7 million for stormwater
projects); and
WHEREAS, under this approach, the City will first seek a line of credit that would
ultimately be replaced by Water, Sewer, and stormwater Bonds issued over a series of years
beginning in FY 2009/10; and
WHEREAS, this phased approach, will allow the City to have the necessary funding
capacity to enter into new projects, while allowing the City more time to build the necessary rate
capacity to issue additional tax-exempt bonds through rate increases, to spend down the current
committed but unspent bond proceeds, and to refine the cost estimates for these projects; and
WHEREAS, new Parking Bonds are also anticipated for a proposed parking garage in
the Sunset Harbor/Purdy Avenue area and in the vicinity of the park being developed in concert with
the New World Symphony Project; and short-term financing is proposed forthe South Pointe Pump
Station to be paid from proceeds from the Convention Development Tax Interlocal Agreement with
Miami-Dade County; and
WHEREAS, approximately $44.8 million in new Water and Sewer Bonds, $65.7 million in
new Stormwater Bonds, and approximately $18.2 million in Parking Bonds, are not appropriated at
this time, but ratherwill be appropriated when the financings are implemented depending onspend-
down of existing bonds and timing of project commitment needs; and
WHEREAS, the proposed sources of funding for the FY 2009/10 Capital Budget are
included in Attachment "A"; and
WHEREAS, the proposed projects to be appropriated with the FY 2009/10 Capital
Budget and the five-year CIP are included in Attachment "B".
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF
THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City Commission hereby approve the
transfer of $477,519 from the Capital Reserve Fund to the Pay-as-you-go Fund and, further, adopt
and appropriate, the City of Miami Beach Capital Budget for FY 2009/10, and the Capital
Improvement Plan for FY 2009/10 through 2013/14.
PASSED AND ADOPTED THIS 24thDAY OF September 2009.
Att t:
~..
CITY CLERK
Robert Parcher
AYOR
Matti Herrera Bower
APPROVED AS TO
FORM 8~ LANGUAGE
~ FOR EXECUTION
-~-~
ity Atto Date
COMMISSION ITEM SUMMARY
Condensed Title:
A resolution of the Mayor and City Commission of the City of Miami Beach, Florida, approving the transfer of
$477,519 from the Capital Reserve Fund to the Pay-As-You-Go Fund and, adopting and appropriating the City of
Miami Beach Fiscal Year (FY) 2009/10 Capital Budget and the Capital Improvement Plan (CIP) for FY 2009/10
through 2013/14.
Key Intended Outcome Supported:
Ensure well designed quality capital projects -Increase Community Satisfaction with City Services
Supporting Data (Surveys, Environmental Scan, etc.): Based on the 2009 Community Survey, storm drainage was
identified as an area for improvement, although improved from prior years; arts and culture was one of the services
identified that the city should strive not to reduce; and traffic flow, conditions of roads, and availability of public
parking, were all identified as key drivers of overall satisfaction levels. Further, the following have been prioritized as
key intended outcomes for the City's Strategic Plan: Increase satisfaction with family recreational activities, Improve
Convention Center facility, Enhance mobility throughout the city, Improve parking availability, Ensure value and
timely delivery of quality capital projects, Maintain City's infrastructure, Improve Storm drainage system, Improve
processed through Information Technology. The Proposed FY 2009/10 Capital Budget and the Proposed CIP for FY
2009/10 through 2013/14 includes funding to address these priorities.
Issue:
Should the Commission appropriate the City of Miami Beach FY 2009/10 Capital Budget and adopt the CIP for FY
2009/10 through 2013/14?
item Summa /Recommendation:
The CIP was created as a plan for projects that require significant capital investment and is intended to serve as an
official statement of public policy regarding long-range physical development in the City of Miami Beach, establishing
priorities for the upcoming five year period, FY 2009/10 - 2013/14. The first year of the CIP is recommended for
approval as the FY 2009/10 Capital Budget, which, as amended, totals $168,754,362 with $40,032,519
recommended for appropriation at this time, and the remaining $128,721,843 to be appropriated over time in
conjunction with anticipated financing of the Water & Sewer, Stormwater and Parking.
Water and sewer, and stormwaterfinancings, previously anticipated for FY 2008/09, are now planned to be financed
over time ($44.8 million for water and sewer, and $65.7 million for stomtwater projects). These are anticipated to be
preliminarily financed though aletter/line of credit that would be replaced by water, sewer and stormwater bonds
issued over a series of years beginning in FY 2009/10. This approach will allow the City to have the funding capacity
to enter into new projects, while allowing time to both build the rate capacity to issue additional tax-exempt bonds
through rate increases and spend down the current committed but unspent bond proceeds. Parking Bonds are
anticipated for a parking garage in the Sunset Harbor/Purdy Ave. area and in the vicinity of the park being developed
in concert with the New World Symphony project.
Project specific appropriations to be funded from these financings will be appropriated when the financings are
implemented depending on spend-down of existing bonds and timing of project commitment needs. This approach
will provide the City with more time to refine the cost estimates for the water, sewer, stormwater and parking projects
anticipated for FY 2009/10.
Adviso Board Recommendation:
On July 6, 2009 the Proposed Capital Budget and updated CIP was discussed at a meeting of the Finance and
Ci ide Pro'ects Committee and adjustments were made to the fundinn rArnmmonrh+~.,,,~ .,.o~e...~a
Financial Information:
Source of Amount Account
Fu ds: 1 $ 40,032,519 Various -See attachment A of Resolution
2
$128
721
843 To be appropriated with sale of Proposed Water 8~ Sewer,
Stormwater
and P
rki
B
d
~ P
Total ,
,
$168,754,362 ,
a
n
on
s.
Financial Im act Summa
City Clerk's Office Legislative Tracking:
Sign-Offs•
Depart ent Dir or Assistant City Manager C' Manager
,----
~ MIAMI gE~4CH
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AGENDA ITEM ~~~
DATE `1-Z ~/--rJti
m MIAMIBEACH
City of Miami Beach, 1700 Convention Center Drive, Miami Beach, Florida 33139, vvww.miamibeachfl.gov
COMMISSION MEMORANDUM
TO: Mayor Matti Herrera Bower and Members of the City Commission
FROM: Jorge M. Gonzalez, City Manager __ __
DATE: Se tember 24 2009
p i
SUBJECT: A RESOLUTION OF THE MAYOR D CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, APPROVING THE TRANSFER OF $477,519 FROM
THE CAPITAL RESERVE FUND TO THE PAY-AS-YOU-GO FUND AND,
ADOPTING AND APPROPRIATING THE CITY OF MIAMI BEACH CAPITAL
BUDGET FOR FISCAL YEAR (FY) 2009/10 AND THE CAPITAL IMPROVEMENT
PLAN FOR FY 2009/10- 2013/14
ADMINISTRATION RECOMMENDATION
Adopt the Resolution.
BACKGROUND
Planning for capital improvements is an ongoing process; as needs change within the City,
capital programs and priorities must be adjusted. The Capital Improvement Plan ("CIP")
serves as the primary planning tool for systematically identifying, prioritizing and assigning
funds to critical City capital development, improvements and associated needs.
The City's capital improvement plan process begins in the spring when all departments are
asked to prepare capital improvement updates and requests on the department's ongoing
and proposed capital projects. Individual departments prepare submittals identifying
potential funding sources and requesting commitment of funds for their respective projects.
In the spring of 2006, the City created a Capital Budget Process Committee comprised of the
Capital Improvements Office, Department of Public Works, Planning Department, Fire
Department, Parks and Recreation Department, Parking Department, and Fleet
Management Department, together with the Finance Department and the Office of Budget
and Performance Improvement. The Committee is responsible for reviewing and prioritizing
new capital projects that will be funded in a given Fiscal Year, and for recommendation of
funding allocations from authorized sources for the prioritized projects. The Committee
developed and implemented a structured committee process for development of the Capital
Plan and Budget, including review criteria projects must meet in order to be considered for
funding. The process is reviewed and refined annually by the Committee.
Based on the direction received from the Finance and Citywide Projects Committee in
February 2008, the process was modified to allow for early input to the prioritization process
City Commission Memorandum
Resolution Adopting and Appropriating FY 2009/10 Capital Budget and FY 2009/10 - 2013/14 CIP
September 24, 2009
Page 2
by the Commission. Under the new process, a preliminary list of unfunded projects is
presented to the Commission or the Finance and Citywide Projects Committee, providing the
opportunity for input and prioritization. This is consistent with the process for Commission
input regarding operating budget priorities and the format used would be similar to that used
to seek guidance on operating budget priorities in prior years. This revised process allows
early input by the Commission regarding priorities for funding, subject to availability of
funding.
Under the new process, Departments submit proposed new project requests in February.
From that time until April, staff reviews requests for accuracy of estimates, sign-off by
impacted departments, and prepares preliminary prioritization of the projects. In July, the
Finance and Citywide Committee reviews all priorities, including capital projects priorities,
before the City Manager publishes all the Proposed Budget documents. Finally, the Capital
Budget is adopted at the second budget hearing in September.
COMMITTEE REVIEW
On July 6, 2009, capital funding priorities were discussed at a meeting of the Finance and
Citywide Projects Committee. The Director of Budget and Performance Improvement,
Assistant City Managers, the Capital Improvement Project Office Director, other Department
Directors, and other City staff were available to discuss specific projects and respond to the
Committee's questions.
Based on the review, the following new projects were recommended for funding:
• Mid-Beach Community Garden
• North Shore Open Space Park Dog Park Annex
• Fisher Park Tot-lot Playground Shade Structure
• Normandy Shores Tot-lot Playground & Shade Structure
• LaGorce Neighborhood Lighting-49th Street
• Seawall Repair-Fleet Management
• Maintenance-7th Street Parking Garage (waterproofing & spalling repairs in stairways)
• Maintenance-17th Street Parking Garage (structural miscellaneous repairs)
• Maintenance-42nd Street Garage (patching and miscellaneous repairs)
• 17th Street Parking Garage Elevator Enclosure
• Surface Lot 17X Collins and 13th Street
• Surface Lot 4D West Avenue and 16th Street
• CC-Property Gates Access Control
• CC-Electrical Switchgear Testing and Preventive Maintenance
• CC-Panic Hardware Installation on Hall Entrance Doors
• CC-Smoke Exhaust Fans
• CC-Ballroom Upgrade
• CC-Garbage and Recycling Containers
• CC-East and West Sidewalk Replacement
• CC-Outside Air Dampners
City Commission Memorandum
Resolution Adopting and Appropriating FY 2009/10 Capital Budget and FY 2009/10 - 2013/14 CIP
September 24, 2009
Page 3
• CC-Painting
• CC-Glass Block Window Replacement
• CC-Cleaning Equipment
• CC-Table and Chair Replacement
• CC-Miscellaneous Capital Projects
• CC-Life Safety Upgrades
• Restorative Tree Wells-2A- 71st Street & Collins Avenue
Subsequent to the July 6, FCWPC meeting, the following changes were made:
• Lincoln Road between Lenox and Alton Road (increased from $75,000 to $200,000
to provide funding for project close-out contingency)
• Restorative Tree Wells -North Beach District (divided into three phases: FY09/10 71st
Street from Collins to Bonita Drive; FY10/11 Collins Avenue from 64th to 75th Street;
and FY11/12 71st Street from Bay Road to Rue Notre Dame).
• 28tH Street Obelisk Stabilization
In addition, the following water, sewer, and stormwater projects have been added to the
Proposed CIP:
• Washington Avenue & South Pointe Drive Drainage Improvement
• Fire Hydrant Relocation
• Miscellaneous Water & Sewer Capital
• Drainage Improvements at Washington Avenue and South Pointe Drive
• Drainage Improvements at West 44th Street and Royal Palm
• Drainage Improvements at North Bay Road and 56~' Street
• 12" DIP Water Main Improvements-Collins Avenue bet3ween41stand 44th Street
• 12" DIP Water Main Improvements - 5th Street between Alton Road and Ocean Court
• 24" PVC Sanitary Sewer Improvements-James Avenue between 17th and 19th Street
• Pump Station #28 Grinder
• Citywide stormwater Master Plan
• 48" Outfall at Easement between 4180 and 4200 Chase Avenue
• stormwater Pipe Repairs
• Bay Road Pump Station Outfall
Further, the following projects were added as projects for the future with no funding yet
identified:
• 20" Water Line Replacement -Alton Road from 51St Street to 63`d Street
• 400 Block Lincoln Rd Site Improvement-Wing
• Convention Center-Air Vents on Main Roof Drains
• Convention Center-Ballroom Upgrades
• Convention Center-C/D Airhandlers Replacement
• Convention Center-Catwalk Beam Cleaning
• Convention Center-Concession Stand Renovations
• Convention Center-East and West Sidewalk Replacement
City Commission Memorandum
Resolution Adopting and Appropriating FY 2009/10 Capital Budget and FY 2009/10 - 2013/14 CIP
September 24, 2009
Page 4
• Convention Center-Electrical Switchgear Testing and Preventive Maintenance
• Convention Center-Executive Offices Furniture Replacement
• Convention Center-Exhibit Hall Floor Repairs
• Convention Center-Exhibit Hall Lighting Upgrades
• Convention Center-Exterior Marquee Signage
• Convention Center-Exterior Stairs and Handrails Repairs
• Convention Center-Floor Packet Connector Replace
• Convention Center-Hall Sound System Replacement
• Convention Center-Hurricane Impact Resistant Glass Installation
• Convention Center-Install Rubber Flooring in Service Corridors
• Convention Center-Installation of Exhaust Fans in Storage Ramps
• Convention Center-Interior Door General Master Key System
• Convention Center-Loading Dock Bay Repairs
• Convention Center-Main Kitchen Equipment Upgrades
• Convention Center-Maintenance High Reach Boom Scissors Lift and Forklifts
• Convention Center-Meeting Room Renovations
• Convention Center-Meeting Room Signage Replace
• Convention Center-New General Master Key System for Exterior Door
• Convention Center-Panic Hardware Installation on Hall Entrance Door
• Convention Center-Procurement of Truck
• Convention Center-Renovate Old NW Chiller Room
• Convention Center-Renovations to North & South Parking Lots
• Convention Center-Replace 4 Roll-Up Loading Dock Doors
• Convention Center-Replace 6 Package Roof Units for Water Cooled Units
• Convention Center-Replace Skylight Panels
• Convention Center-Sensor Switches for Lighting Control
• Convention Center-Solar Energy Project
• Convention Center-Telephone Infrastructure and Switching Equipment
• Convention Center-West Kitchen Renovation
• Dickens Avenue Shoreline and Bike Path
• Fitness Course Lummus Park
• Shane Watersports Seawall and Drainage
Finally, the following projects, previously included in the FY 2009/10 Capital Budget and FY
2009/10 - 20120/13 CIP have been deleted for the reasons stated below:
• Bandshell Park Future Improvements (per CIP, funding is sufficient in two funded
Bandshell Park projects -Bandshell Park Improvements-Short Term and Bandshell
Park Master Plan Improvements)
• Julia Tuttle Baywalk (per Public Works, FDOT will not permit construction of project)
• 63rd St at Collins Ave Intersection Improvements (project de-funded by FDOT)
City Commission Memorandum
Resolution Adopting and Appropriating FY 2009/10 Capital Budget and FY 2009/10 - 2013/14 CIP
September 24, 2009
Page 5
ANALYSIS
Capital Improvement Plan
The FY 2009/10 - 2013/14 CIP for the City of Miami Beach is a five year plan for public
improvements and capital expenditures by the City. This document is an official statement of
public policy regarding long-range physical development in the City of Miami Beach. The
approved Capital Improvement Plan has been updated to include projects that will be active
during the FY 2009/10 through 2013/14.
The Plan has been updated to include additional funding sources that have become
available, changes in project timing, and other adjustments to ongoing projects as they have
become better defined. Certain adjustments have been made to reflect projects that have
been reconfigured, re-titled, combined with or separated from other projects and/or project
groupings. These adjustments have no fiscal or cash impact and are as a result of a
comprehensive review of the program to insure that our plan accurately reflects all project
budgets, funding sources and commitments.
The Plan also contains information on appropriations prior to FY 2009/10 for ongoing/active
projects, as well as potential future appropriations beyond FY 2013/14. In conjunction with
the development of the FY 2009/10 Capital Budget and CIP, the City began to develop a list
of potential projects that may be funded in the future, including projects that have been
approved as part of a plan but not yet sequenced or approved for funding. Over time, it is
anticipated that this list will be expanded.
Capital Budget
The City's proposed annual capital budget contains capital project commitments
recommended for appropriation for FY 2009/10 (Proposed Capital Budget). Preparation of
the Proposed Capital Budget occurred simultaneously with the development of the FY
2009/10 - 2013/14 CIP and FY 2009/10 Proposed Operating Budget.
The Capital Budget presents project budgets for both the current and new capital projects
necessary to improve, enhance and maintain public facilities and infrastructure to meet the
service demands of residents and visitors to the City of Miami Beach. Capital reserves, debt
service payments, and capital purchases found in the operating budget are not included in
this budget. However, we have included a capital equipment section, which itemizes
purchases of major capital equipment, fleet, light and heavy equipment and information
technology related acquisitions. The Capital Budget for FY 2009/10 appropriates funding for
projects that will require commitment of funds during the upcoming fiscal year, including
construction contracts and architect/engineer contracts to be awarded during the upcoming
year and capital equipment acquisitions recommended for appropriation in conjunction with
the FY 2009/10 Operating Budget.
A Pay-As-You-Go component of the Capital Budget was established in FY 2005/06 for new
projects or unfunded scope in existing projects. In FY 2009/10, a total of $477,519 is
recommended to be re-programmed from Capital Reserves to fund Pay-As-you-Go projects.
City Commission Memorandum
Resolution Adopting and Appropriating FY 2009/10 Capital Budget and FY 2009/10 - 2013/14 CIP
September 24, 2009
Page 6
The Capital Reserve Fund was established to provide contingency funding so that projects
where bids were higher than budgeted did not have to be delayed, especially during a
heated construction market where delays often lead to further increases in costs. Current
reserve levels are approximately $10 million and are considered sufficient to meet
unexpected needs. These Pay-As-You-Go funds are recommended for appropriation for
the LaGorce Neighborhood Lighting-49`n Street, Mid-Beach Community Garden, Normandy
Shores neighborhood Improvements, Seawall Repairs at Fleet Management, and Sewall at
Dickens Avenue Shoreline and Bike Path.
The Capital Budget also recommends appropriation of approximately $8.3 million in General
Obligation Bond interest for neighborhood projects in the Palm & Hibiscus Islands, Flamingo
Park, CW Playgrounds, Tot-lots & Shade Structures Phase 2, Property Management Facility,
LaGorce Island Lighting, North Shore Neighborhood Improvements, and Oceanfront
Neighborhood Improvements. In addition, $2.1 million in Quality of Life funds is
recommended for appropriation for tourism-related eligible projects such as Bridge Light at
77`n Street and Hawthorne Avenue, Fisher Park Tot-Lot/Playground Shade Structure,
Flamingo Park, Middle Beach Recreational Corridor Phase I, Muss Park Greenspace
Expansion, North Beach Recreational Corridor Extension at 79`n Street, North Shore Open
Space Park-Dog Park Annex, Restorative Tree Wells at 71 S` Street and Bonita Drive, 28`n
Street Obelisk Stabilization, and Seawall at Dickens Avenue Shoreline and Bike Path.
Approximately $4.7 million is recommended for appropriation from the Miami-Dade County
Convention Development Tax (CDT) Interlocal Agreement funds for CDT/municipal resort
tax eligible projects such as the Beachwalk II, and Flamingo Park.
Approximately $9.8 million is recommended for appropriation from the South Pointe Capital
fund and pre termination South Pointe RDA funds for several projects in the South Pointe
area.
Approximately $4.3 million is recommended for appropriation from Convention Centerfunds
for improvements to the Convention Center, including painting, panic hardware installation
on hall doors, cleaning equipment, life safety upgrades, and smoke exhaust fans.
The Capital Budget has also been updated to reflect the ongoing parking lot and garage
refurbishment and replacement program, including improvements to the 17`n Street Parking
Garage Elevator Enclosure, 7`n Street, 12`n Street, 13`n Street, 17`n Street and 42"d Street
parking garages maintenance, and parking lot maintenance at 42"d and Royal Palm, 10`n
Street and Washington Avenue, Collins Avenue and 13`n Street, Collins Avenue and 53rd
Street, West Avenue and 16`n Street, Collins Avenue and 84`n Street, Master Meter Phase 2
an Pay On Foot Machines.
Based on current project schedules, additional water and sewer, and stormwaterfinancings,
previously anticipated for FY 2008/09, are now planned for to be financed over a series of
years. Approximately $44.8 million for water and sewer projects and $65.7 million for
stormwater projects are anticipated to be preliminarily financed though aletter/line of credit
that would ultimately be replaced by water, sewer and stormwater bonds issued over a series
of years beginning in FY 2009/10. Under this approach, the City will first seek a line of credit
which will allow the City to have the necessary funding capacity to enter into new projects,
while allowing the City more time to both build the necessary rate capacity to issue additional
tax-exempt bonds through rate increases and also spend down the current committed but
City Commission Memorandum
Resolution Adopting and Appropriating FY 2009/10 Capital Budget and FY 2009/10 - 2013/14 CIP
September 24, 2009
Page 7
committed but unspent bond proceeds.
New Parking Bonds are also anticipated for parking garages in the Purdy Avenue/Sunset
Harbor area and in the North Beach area, as well as to replace funding advanced during FY
2008/09 for the air rights acquired for the Purdy Avenue/Sunset Harbor Garage.
The Proposed Capital Budget for FY 2009/10, as amended for the changes noted
previously, totals $168,754,362. Of this total, approximately $44.8 million in proposed new
water and sewer bonds, $65.7 million in proposed new stormwater bonds, and $18.2 million
in Parking Bonds are not appropriated at this time, but rather project specific appropriations
to be funded from these financings will be appropriated when the financings are
implemented depending onspend-down of existing bonds and timing of project commitment
needs. This approach will provide the City with more time to refine the cost estimates for the
water, sewer, stormwater and parking projects anticipated for FY 2009/10. As a result, it is
recommended that $40,032,519 be appropriated at this time.
CONCLUSION:
The Administration recommends adoption of the attached Resolution, which approves the
transfer of $477,519 from the Capital Reserve Fund to the Pay-As-You-Go Fund and
establishes the Capital Budget for FY 2009/10 and the CIP for FY 2009/10 - 2013/14.
ATTACHMENT A
FY 2009/10 CAPITAL BUDGET
SUMMARY OF FUNDING SOURCES
Fundin Source Fundin
Pro osed Future Storm Water Bond $65,724,192
Pro osed Future Water & Sewer Bonds 44,783,763
Pro osed Parkin Bonds 18,213,888
South Pointe Future Financin 18,603,498
Ci Center RDA Ca ital Fund 13,170,050
South Pointe Ca ital 6,208,498
2003 GO Bonds -Parks 8~ Beaches 4,750,000
MDC CDT Interlocal-CDT/Resort Tax Eli ible 4,741,673
E ui ment Loan/Lease 3,997,000
South Pointe RDA 3,600,000
Parkin Im act Fees 3,600,000
Stormwater Enter rise Fund 3,167,137
Gulf Breeze 2006 2,800,000
Convention Develo ment Taxes 2,790,000
Parkin O erations Fund 2,653,678
2003 GO Bonds -Nei hborhood Im rovements 2,549,376
Grant Funded 2,406,970
Qualit of Life Resort Tax Fund - 1 % 2,146,686
Half Cent Transit Surtax -Coun 1,390,555
Miami-Dade Coun Bond 1,000,000
99 GO Bonds -Parks & Beaches B 900,000
Convention Develo ment Tax $35M 900,000
Convention Develo ment Tax $15M 600,000
Pa -As-You-Go 477,519
Buitdin Technolo Ca ital Pro'ect 469,609
Information & Communications Technolo Fund 192,973
Water and Sewer Bonds 2000S 161,398
99 GO Bonds Fire Safe a 147,169
99 GO Bonds -Nei hborhood Im rovement B 100,000
Concurrenc Miti ation Fund 50,000
Total $168,754,362
ATTACHMENT B
FY 2009/10 CAPITAL BUDGET AND
FY 2009/10 - 2013/14 CAPITAL IMPROVEMENT PLAN
SUMMARY OF PROJECTS BY PROGRAM
Pro ram Area Fundin
Brid es $569,407
Convention Center 5,290,000
E ui ment 6,000,030
General Public Buildin s 3,000,000
Information Technolo 959,362
Monuments 381,780
Parkin Gara es 19,822,110
Parkin Lots 4,708,000
Parks 19,395,498
Seawalls 433,691
Street /Sidewalk / Streetscape
Im rovements
93,372,675
Transit 3,277,372
Utilities 11,544,437
Total $168,754,362