C6B Item 3. Review of Proposed Capital Budget2. Review of Proposed Capital Budget
ACTION
Renewal & Replacement is funded by dedicated millage rate:
General Fund 5.6009 mills
Renewal & Replacement 0.1083 mills
Operating Millage Rate 5.7092 mills
Millage rate generated $2.7 million in FY 2015/16
FY 2016/17 assumes $3 million in revenue generation
Project requests total $8.3 million
The proposed project specific appropriations for FY 2016/17 for all Funds,
Fund Capital Renewal and Replacement Fund are as follows:
The current dedicated millage of 0.1083 mills (as of FY 2015/16)e
$3,053,235 for the General Fund Capital Renewal and Replacement Fund based on a
preliminary 13.5 percent increase in property values. This amo
st
property values are received from the Property Appraiser on July. Revenue of $3,591,324 is
available for funding FY 2016/17 General Fund renewal and replacemen
to $8,319,043 requested in projects. At this time, $2,073,672 of
the remaining amount of $1,517,562 still available for appropria
Parking fund - Capital Renewal and Replacement > $25,000: eleven projects totaling
$2,311,341
RDA fund - Capital Renewal and Replacement > $25,000: six projects totaling
$1,240,000
The Committee noted the following items:
Police Facilities
Police Station Building
New Generator: $425,000
Emergency battery pack Light Renewal $72,000
General Facilities
777 Building Elastomeric Coating renewal: $85,500
Bass Museum Fire Alarm System: $167,000
Fire Facilities
Fire Station #2 Fire Alarm System: $113,000
Fire Station #3 Emergency Power System : $99,000
Fire Station #1 F2020 - Hazardous Components: $44,000
Park Facilities
Scott Rakow
Security System: $57,000
Aluminum Windows: $446,000
Fire Alarm System: $180,000
South Shore Community Center
Switch Gear: $41,000
Electrical Distribution Renewal: $160,000
Fire Alarm Systems: $112,000
Funding for the Information Communications Technology Projects funded from the General
Fund for the FY2016/17 proposed projects total $534,000 to be funded by a transfer of
$395,000 (same amount as FY 2015/16) from the General Fund to the Information &
Communications Technology Fund and the remaining balance of $139,000 will be funded by
fund balance. Below is a summary of the proposed projects.
Centralized Video Storage Solution: $169,000
Control Room SD & HD Upgrade - Storage Additions: $120,000
Miami Beach Rising Above Web Portal: $120,000
Parks & Recreation Software: $75,000
Audit Management Software: $39,000
Power Document Management Software: $11,000
Convention Center: The total funding of $603.3 million for the project is broken do
County G.O. Bonds previously appropriated $54.4 million
1% Resort Tax Bonds: $216.6 million
RDA Bonds: $267.5 million
Parking Bonds: $64.8 million
City Center RDA: The RDA extension agreement with the County in FY 2014/15 extends the RD
A through 2044 and eliminated funding for additional capital projects in future out years. The
net surplus funds after operating expenses are to be used to cover debt service payments for
the Convention Center bonds.
South Pointe Capital: County agreement payment schedule assumes 3.5 percent increase in
taxable value. Funds are earmarked for Stormwater projects.
FY 2016 188,000
FY 2017 5,319,000
FY 2018 15,056,000
FY 2019 11,862,000
FY 2020 7,419,000
FY 2021 15,633,000
FY 2022 5,975,000
Quality of Life Funds: Funded by 1 percent Resort Tax revenues and are earmarked for tourism-
related projects covering 3 geographic areas: North, Mid, South beaches (15% or $2,085,000
each). Also includes allocations for Arts (10% or $1,391,000) and Transportation (45% or
$6,256,000) projects for a total of $13,902,000.
North Beach proposed projects:
Rue Vendome Public Plaza; $1,000,000
Allison Park: redesign; $832,000
North Shore Tennis Center Proshop/Office; $512,000
Street Lighting Improvements; $333,000
Kayak Launch Docks; $275,000
Lifeguard Stands replacement; $240,000
North Beach Streetscape: pilot project; $230,000
81st Street Bridge: pedestrian area; $150,000
North Shore Tennis Court: sounds barrier walls; $125,000
Bonita Drive: street end improvements; $100,000
Collins & Harding Avenue: alleyway reconstruction; $100,000
North Beach Bridges: painting and lighting; $60,000
North Shore Park Playground: safety surface; $47,000
Standardized Park benches, picnic tables and trash receptacles;
71st Eastern Street End: improvement design study; $25,000
Mid Beach proposed projects:
Middle Beach Recreation Corridor: phase III; $2,200,000
Muss Park Facility; $1,400,000
Lifeguard Stands replacement; $240,000
Indian Beach Playground Replacement; $229,000
Miami Beach Golf Course: golf cart staging area enhancement; $65
Miami Beach Golf Course: front end loader; $49,000
Standardized Park benches, picnic tables and trash receptacles;
South Beach proposed projects:
Española Way Conversion between Washington; $1,978,813
Lifeguard Stands replacement; $720,000
Ocean Drive Extended Sidewalk Projects; $405,000
Street Lighting Improvements; $333,000
South Beach Pedestrian Priority Zones; $300,000
Maurice Gibb Park: floating dock; $177,000
Lummus Park Muscle Beach Upgrade; $125,000
Botanical Gardens: additional new lighting; $30,000
Standardized Park benches, picnic tables and trash receptacles;
The was imposed in 2002 and is funded by the Half-Cent Transit
sales tax where 20 percent of proceeds are distributed directly to municipalities on a pro-rata
basis. Funds are used for local transportation and transit projects. A minimum of 20% of the
allocated for transit. In FY 2015/16 PTP funding was projected to be
$3.89 million which is used to operate the South Beach Local, North and Mid Beach Trolleys.
$930,000 from fund balance is proposed for the following projects:
West Avenue Protected Bike Lanes; $530,000
72nd Street Protected Bike Lane; $200,000
73rd Street Protected Bike Lanes; $200,000
A breakdown of projects funded by other funds includes:
Art in Public Places
AIPP Convention Center Renovation; $6.25 million
Concurrency Mitigation
Light Rail/Modern Streetcar; $5 million
Parking Impact Fees
Parking Garage Washington & 10th; $4.2 million
New Garage 2660 Collins Ave; $630,000
Resort Tax Fund (2%)
Light Rail/Modern Streetcar; $10 million
Non-TIF RDA
Light Rail/Modern Streetcar; $8 million
City Center Resiliency Enhancement; $1 million
RDA Garage Funds
Light Rail/Modern Streetcar; $7 million
RDA Anchor Shops
Light Rail/Modern Streetcar; $6 million
Programming to expend General Obligation (GO) bond fund balances
2003 Parks & Beaches
rk View Islands; $197,838 (reassigned from PAYGO)
2003 G.O. Bonds Neighborhood Improvements
South; $576,000
- Sheridan Ave to Pinetree; $510,000
Neighborhood - Bid Pack A; $173,738 (reassigned from PAYGO)
Pay-As-You-Go (PAYGO): Funded from the General Fund at $2.4 million annually (allocation
was Increased from $1.4 million to $2.4 million in FY 2015/16) a
high as $7.5 million.. PAYGO ensures adequate on-going reinvestment in capital plant and
equipment, has no restrictions and is used after all other funding sources exhausted.
Recommended project highlights:
Aluminum Street lighting Pole Replacement: $1,000,000
Fairway Park: $1,000,000
Soundscape Park Concession: $800,000
Citywide Park Irrigation System Upgrade: $170,000
Office of Communications Remodel: $150,000
Ocean Rescue 79st Sub Headquarters Trailer Replacement: $150,000
Neighborhood Basketball Court Renovation: $67,000
Sky Watch Tower Refurbish: $61,000
Neighborhood Tennis Court Renovations: $39,000
Palm Island Tennis Court Fencing: $32,000
Need for additional PAYGO funding continues as neighborhood improvement projects costs
have increased over time, stormwater projects are generating needs for above ground projects
for lighting, landscaping, sidewalks, signage, traffic markings. Additionally, Lighting and Crime
Prevention through Environmental Design (CPTED) improvements in -tourist areas (park
projects in non-tourist areas, seawalls) will have funding needs.