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2018-30171 ResolutionRESOLUTION NO. 2018 - 30171 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE NEIGHBORHOOD /COMMUNITY AFFAIRS COMMITTEE WITH RESPECT TO ENHANCING NORTH BEACH THROUGH CREATIVE FUNDING OPTIONS, AND DIRECTING THE ADMINISTRATION TO DEVELOP A QUALITY OF LIFE PLAN THAT INCLUDES OPTIONS WITH RESPECT TO TRAFFIC, PARKING AND NEIGHBORHOOD PROJECTS, CONSISTENT WITH THE NORTH BEACH MASTER PLAN, WITH SUCH PROJECTS TO POTENTIALLY BE FUNDED BY A DEDICATED FUNDING STREAM FOR THE BENEFIT OF THE NORTH BEACH AREA. WHEREAS, at the January 24, 2017 Neighborhood /Community Affairs Committee ( "Committee ") meeting, the Committee discussed various options for financing projects to implement the North Beach Master Plan, with the intent of revitalizing North Beach and generating economic development in the North Beach area; and WHEREAS, the various options are outlined in the Commission Memorandum accompanying this Resolution, and include (1) working with Miami -Dade County with respect to the potential creation of a community redevelopment agency (CRA) focusing on North Beach, if Miami -Dade County is amenable to creating a CRA; (2) creating a tax increment financing district for North Beach with City tax increment funds only, if discussions with the County are not fruitful; (3) dedicating a revenue source or millage for the benefit of North Beach as part of the annual budget process, to expedite the earmarking of funds while other longer -term options are developed; and (4) creating a special assessment district or business improvement district, depending on the projects to be funded, and local support on the part of affected property owners with respect to such projects; and WHEREAS, the Neighborhood /Community Affairs Committee recommended that the Administration develop a quality of life plan that includes options with respect to traffic, parking and neighborhood projects consistent with the North Beach Master Plan that could potentially be funded through a new dedicated funding stream. NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City Commission hereby accept the recommendation of the Neighborhood /Community Affairs Committee, and authorize the Administration to develop a quality of life plan that includes options with respect to traffic, parking and neighborhood projects, consistent with the North Beach Master Plan, with such projects to potentially be funded by a dedicated funding stream for the benefit of the North Beach area. PASSED and ADOPTED this 14th of February, 2018. ATTEST: 9 Ra'ael E. ranado. Cit C r ah Ge per, Mayor APPROVED AS TO FORM & LANGUAGE & FOR EXECUTION city Attomey co,Af Data WAM BEACH Resolutions - C7 L COMMISSION MEMORANDUM TO: Honorable Mayor and Members of the City Commission FROM: Jimmy L. Morales, City Manager DATE: February 14, 2018 SUBJECT: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE NEIGHBORHOOD /COMMUNITY AFFAIRS COMMITTEE WITH RESPECT TO ENHANCING NORTH BEACH THROUGH CREATIVE FUNDING OPTIONS, AND DIRECTING THE ADMINISTRATION TO DEVELOP A QUALITY OF LIFE PLAN THAT INCLUDES OPTIONS WITH RESPECT TO TRAFFIC, PARKING AND NEIGHBORHOOD PROJECTS, CONSISTENT WITH THE NORTH BEACH MASTER PLAN, WITH SUCH PROJECTS TO POTENTIALLY BE FUNDED BY A DEDICATED FUNDING STREAM FOR THE BENEFIT OF THE NORTH BEACH AREA. RECOMMENDATION HISTORY: The discussion regarding the creation of a community redevelopment agency (CRA) and creative funding options for North Beach was first heard at the January 19, 2017 Finance and Citywide Projects Committee (FCWPC) meeting. Administration presented the avenue by which the City of Miami Beach could pursue a CRA for the purpose of North Beach along with other financing options that the City could self impose. The Committee directed Administration to begin discussions with Miami -Dade County regarding creating a CRA for North Beach; specifically after the County has taken action on the 4th amendment to the City Center RDA. In addition, the Committee requested a presentation be made during the Commission retreat on additional revenue and funding sources that could be created for the purpose of redevelopment in North Beach, specifically a mileage assessment. If Miami -Dade County ultimately approves the concept of a CRA in North Beach, staff was directed to engage a professional consultant to support the application and research process. Funding for this position would have to be identified via the budget process. At the January 24, 2018 Neighborhood /Community Affairs Committee (NCAC), Administration again discussed the potential ways to finance design projects and activities that were recommended and later approved by Commission in the North Beach Master Plan. The creative funding options for North Beach would allow the City to further fund and execute on many of the activities and designs recommended in the North Beach Master plan. The North Beach Master Plan was created to design an economic and revitalization strategy for the North Beach district of Miami Beach. The plan put forth five priority areas to spur economic activity: create a town center, provide more mobility options, Protect and enhance neighborhoods, better utilize public lands, and build resilient infrastructure. The Commission approved the recommendations put forth in the Page 707 of 1270 plan and has made it a priority of the City. ANALYSIS Parallel to the financing recommendations made by FCWPC, the NCAC requested that Staff simulataneously develop a quality of life plan consistent with the North Beach Master Plan that addresses traffic, parking and neighborhood projects that could potentially be funded by a directed funding stream. Staff is to present this matrix at the next Finance and Citywide Projects Committee meeting. CONCLUSION Administration requests that the Commission approve the recommendations made by the Neighborhood /Community Affairs Committee. Legislative Tracking Tourism, Culture and Economic Development ATTACHMENTS: Description a Resolution Page 708 of 1270