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2014-28524 Reso RESOLUTION NO. 2014-28524 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI REACH, FLORIDA, ADOPTING THE THIRD AMENDMENT TO THE CAPITAL BUDGET FOR FISCAL YEAR 2013/14. WHEREAS, the Miami Beach Capital Budget for FY 2013/14 was approved and appropriated via Resolution No. 2013-28354 on September 30, 2013; and WHEREAS, the first amendment to the Miami Beach Capital Budget for FY 2013/14 was approved and appropriated via Resolution No. 2013-28442 on December 11, 2013; and WHEREAS, the second amendment to the Miami Beach Capital Budget for FY 2013/14 was approved and appropriated via Resolution No. 2014-28470 on February 12, 2014; and WHEREAS, it is recommended the FY 2013/14 Capital Budget be amended to add appropriations totaling $25,250,000 and re-appropriate $90,000 between existing projects as outlined in "Attachment C — Project"; and WHEREAS, the proposed third amendment to the FY 2013/14 Capital Budget is included in "Attachment A— Source of Funds" and "Attachment B — Program". NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, that the Mayor and City Commission hereby adopt the Third Amendment to the Capital Budget for Fiscal Year 2013/14 as shown in Attachment A (Source of Funds), Attachment B (Programs) and Attachment C (Projects). PASSED AND ADOPTED this 5th day of March, 2014. Attest: -P ip i,e, Mayor .INCORP ORATED' i= Rafael Granado, City Clerk s, r .City Attorney Date ATTACHMENT A FY 2013/14 CAPITAL BUDGET SOURCE OF FUNDS Amended 03/05/14 Funding Source Ameded 1/15/14 Amended 3%5/14 Revised 1997 Parking Sys. Rev. Bonds $ 217,000 $ 217,000 2003 GO Bonds -Neighborhood Improvement 148,000 148,000 2003 GO Bonds -Parks.&Beaches 553,000 553,000 2010 Parking Bonds Reso.2010-27491 160,000 160,000 7th Street Garage 1,900,000 1,900,000 Capital Projects Not Financed by Bonds 89,000 89,000 City Center RDA Capital Fund 15,073,000 15,073,000 Capital Reserve . 691,355 691,355 Communications Fund 40,000 40,000 Convention Center 3,701,000 3,701,000 Equipment Loan/Lease 4,644,000 4,644,000 Fleet Management Fund 160,000 160,000 Gulf Breeze 2006 (83,759) (83,759) Half Cent Transit Surtax-County 1,569,000 1,569,000 Info&Communications Technology Fund 486,000 486,000 Local Option Gas Tax 544,000 544,000 Lowes Royal Palm Proceeds 0 14,000,000 14,000,000 MB Quality of Life Resort Tax Fund -1% 1,024,000 1,024,000 MDC CDT Interlocal-CDT/Resort Tax Eligib 4,000,000 4,000,000 Miami-Dade County Bond 2,933,581 2,933,581 NB Quality of Life Resort Tax Fund-1% 678,000 678,000 Parking Operations Fund 1,109,000 1,109,000 Pay-As-You-Go 1,726,000 1,726,000 RDA-Anchor Garage Fund 485,000 485,000 Renewal &Replacement Fund 2,746,000 2,746,000 SB Quality of Life Resort Tax Fund -1% 980,000 .980,000 South Pointe Capital 4,283,000 3,750,000 8,033,000 South Pointe RDA 1,636,000 1,636,000 Storm Water Bnd Fund 431 RESO#2011-27782 529,000 529,000 Stormwater Bonds 2000S (256,000) (256,000) Stormwater LOC Reso. No 2009-27076 2,007,419 7,500,000 9,507,419 W&S GBL Series 2010 CMB Reso 2009-27243 81,759 81,759 HUD Section 108 Loans 17,391 17,391 Water and Sewer Bonds 2000s 34,000 34,000 People's Transportation Fund 13,000 13,000 Total Appropration as of 3/5/141 $ 53,918,746 1 $ 25,250,000 r$ 79,168,746 The Ocean rescue Lifeguard stands will b e funded from funds previously appropriated for the 555 Building Recirculation Fan Installation and Exterior Door Replacement projects, which are on hold i ,pending the final design of the Convention Center. i ATTACHMENT B FY 2013/14 CAPITAL BUDGET PROGRAMS Amended 03/05/14 Program Area Amended 1/15/14 Amended 3/5/14 Revised Art in Public Places $381,000 $381,000 Bridges 185,000 185,000 Convention Center 3,700,000 14,000,000 17,700,000 Environmental 2,275,000 2,275,000 Equipment 8,626,000 8,626,000 General Public Buildings 3,750,000 3,750,000 Golf Courses 967,000 967,000 Information Technology 493,000 493,000 Monuments 189,000 189,000 Parking 204,000 204,000 Parking Garages 12,525,000 12,525,000 Parking Lots 459,000 459,000 Parks 4,450,000 4,450,000 Renewal & Replacement 6,003,000 6,003,000 Seawals 121,000 121,000 Streets/Sidewalk Imps 5,295,746 5,295,746 Transit/Transportation 3,432,000 3,432,000 Utilities 863,000 11,250,000 12,113,000 Total Appropration as of 3/5/14 $ 53,918,740 1 $ 25,250,000 $ 79,168,746 I The Ocean rescue Lifeguard stands will be funded from funds previously appropriated for the 555 Building Recirculation Fan Installation and Exterior Door Replacement i projects, which are on hold pending the final design of the Convention Center. ATTACHMENT C CAPITAL BUDGET PROJECT Amended 03/05/14 Capital Project Name Current Capital Amended CurrentCapital Budget 03/05/14 Budget 6th, 10th and 14th Street Stormwater Pump Stations $0 $11,250,000 $11,250,000 Ocean Rescue Lifeguard Stands 0 90,000 90,000 555 Building Installation of Recirculation Fans 79,000 (79,000) 0 555 Building E)derior Door Replacements 55,098 (11,000) 44,098 Convention Center Renovation (CC-Improvements County GO) 600,000 14,000,000 14,600,000 Total $734,098 f$25,250,000 $25,984,098 W! 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Key Intended Outcome Supported: Ensure Value and Timely Delivery of Quality Capital Projects, Improve Storm Drainage Citywide, and Maintain City's Infrastructure Supporting Data (Surveys, Environmental Scan, etc. : N/A Item Summa /Recommendation: 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. The CIP is updated annually and submitted to the City Commission for adoption. The 2013/14 — 2017/18 Capital Improvement Plan and FY 2013/14 Capital Budget were adopted on September 30, 2013, by resolution 2013-28354. The First Amendment to the FY 2013/14 Capital Budget was approved on December 11, 2013, by resolution 2013-28442. The Second Amendment to the FY 2013/14 Capital Budget was approved on January 15, 2014 by resolution 2014-28470. Section 166.241(4)(c.), Florida Statutes, requires that a municipality's budget amendment must be adopted in the same manner as the original budget. Administration recommends adopting the resolution for the third Amendment to the FY 2013/14 Capital Budget. The third amendment to the FY 2013/14 Capital Budget totals an increase of $25,250,000 and a re- appropriation of$90,000 in order to provide additional funding to the following three capital projects. 1. 6th, 10th and 14th Street Stormwater Pump Station project 2. Ocean Rescue Lifeguard Stands 3. Convention Center Renovation Advisory Board Recommendation: Financial Information: Source of Amount Account Funds: 1 $3,750,000 389-South Pointe Capital 2 $7,500,000 429-Stormwater Line of Credit 3 $14,000,000 165-Loews/Royal Palm Proceeds OBPI Total $25,250,000 Financial Impact Summary: Stormwater Pump Station Project: projected to have a $10,000 annual operating cost impact per pump ($150,000 over 5 years). The cost will include labor, equipment, electricity and minor mechanical and electrical parts. City Clerk's Office legislative Tracking: Sign-Offs: artment Director Assistant City Manager City Manager MIAMIBEACH A ENDA ITEM R�A VW DATE .� S ICH City of Miami Beach, 1700 Convention Center Drive,Miami Beach, Florida 33139,www.miamibeachfl.gov COMMISSION MEMORANDUM TO: Mayor Philip Levine and Members f the City mmission FROM: Jimmy L. Morales, City Manager DATE: March 5, 2014 SUBJECT: A RESOLUTION OF THE MAYO AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ADOPTING THE THIRD AMENDMENT TO THE CAPITAL BUDGET FOR FISCAL YEAR 2013/14. ADMINISTRATION RECOMMENDATION Adopt the Resolution for the Third Amendment to the Fiscal Year(FY) 2013/14 Capital Budget. 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. The CIP is updated annually and submitted to the City Commission for adoption. The 2013/14— 2017/18 Capital Improvement Plan and FY 2013/14 Capital Budget were adopted on September 30, 2013, by resolution 2013-28354. The First Amendment to the FY 2013/14 Capital Budget was approved on December 11, 2013, by resolution 2013-28442. The Second Amendment to the FY 2013/14 Capital Budget was approved on January 15, 2014 by resolution 2014-28470. Section 166.241(4)(c.), Florida Statutes, requires that a municipality's budget amendment must be adopted in the same manner as the original budget. Administration recommends adopting the resolution for the Third Amendment to the FY 2013/14 Capital Budget. Resolution Adopting the Third Amendment to the Capital Budget for FY 2013/14 March 5, 2014 Page 2 of 2 THIRD AMENDMENT TO THE FY 2013/14 CAPITAL BUDGET The third amendment to the FY 2013/14 Capital Budget totals an increase of $25,250,000 and re-appropriation of$90,000 in order to provide funding to the following three capital projects. 1. 6th, 10th and 14th Street Stormwater Pump Stations - This project requires a budget amendment in the amount of$11,250,000 to execute a design-build contract, with a guaranteed maximum price for the remaining stormwater pump stations for 6th street, 10th street and 14th street. These pump stations will mitigate rainfall and tidal flooding in the south beach area. The 6th Street station will be funded from the 389- South Pointe Capital Fund ($3,750,000); the 10th and 14th street stations will be funded from the 429-Stormwater Line Of Credit ($7,500,000). Prior Years'Appropriations $0 March 5, 2014 Budget Amendment 11,250,000 Proposed Total Appropriations $11,250,000 2. Ocean Rescue Life Guard Stands- This project includes the replacement of rotten wood and painting of the twenty nine lifeguard stands from South Pointe up to 85th Street. The cost of this project is $90,000 and will be funded from funds previously appropriated for the 555 Building Recirculation Fan Installation and Exterior Door Replacement projects (125- Renewal & Replacement Funds), which are on hold pending the final design of the Convention Center. Prior Years'Appropriations $0 March 5, 2014 Budget Amendment 90,000 Proposed Total Appropriations $90,000 3. Convention Center Renovation Project - This item appropriates $14,000,000 in the Convention Center Renovation project to cover soft costs including contracts for a Design Criteria Professional, Project Consultant (SAG), Cost Estimator Consultant, and other miscellaneous costs. The $14,000,000 will be appropriated from available fund balance in Fund 165— Loews/Royal Palm Proceeds. Prior Years' Appropriations $600,000 March 5, 2014 Budget Amendment 14,000,000 Proposed Total Appropriations $1496009000