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633-2018 RDARESOLUTION NO. 633 -2018 A RESOLUTION OF THE CHAIRPERSON AND MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY (RDA), ADOPTING THE THIRD AMENDMENT TO THE MIAMI BEACH REDEVELOPMENT AGENCY CAPITAL BUDGET FOR FISCAL YEAR 2017/18, AS SET FORTH IN ATTACHMENTS "A," SOURCE OF FUNDS; "B" PROGRAMS; AND "C" PROJECTS. WHEREAS, on September 25, 2017, the final Capital Improvement Plan for the Miami Beach Redevelopment Agency (RDA) for Fiscal Years 2017/18 — 2021/22 and the final RDA Capital Budget for FY 2017/18 were adopted via Resolution No. 626 -2017; and WHEREAS, on May 16, 2018, the First Amendment to the RDA Capital Budget for FY 2017/18 was adopted via Resolution No. 630 -2018; and WHEREAS, on July 2, 2018, the Second Amendment to the RDA Capital Budget for FY 2017/18 was adopted via Resolution No. 631 -2018; and WHEREAS, pursuant to Florida Statutes, Section 166.241(4)(c), the City's budget amendments must be adopted in the same manner as the original adopted budget; and WHEREAS, the proposed amendments to the FY 2017/18 RDA Capital Budget are included in Attachments "A," Source of Funds, "B," Programs, and "C," Projects; and WHEREAS, further, it is recommended by the Administration that the FY 2017/18 RDA Capital Budget be amended to re- appropriate $4,234,900.00, as highlighted in Attachments "A" Source of Funds; "B," Programs; and "C," Projects. NOW, THEREFORE, BE IT DULY RESOLVED BY THE CHAIRPERSON AND MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY, that the Chairperson and Members of the Miami Beach Redevelopment Agency hereby adopt the Third Amendment to the Miami Beach Redevelopment Agency Capital Budget for Fiscal Year 2017/18, as set forth in Attachments "A," Source of Funds; "B" Programs; and "C" Projects. PASSED AND ADOPTED this 25th day of July, 2018. ATTEST: Dan Gelber, Chairperson Rafa - I E. Gr- ado, Secr- tary APPROVED AS TO FORM & LANGUAGE & FOR EXECU.T ON %MCORP 6;• Ric) �.. City A torney Date ATTACHMENT A FY 2017/18 CAPITAL BUDGET SOURCE OF FUNDS AMENDED 7/25/2018 Funding Source Amended FY18 Capital Budget Amended 7/25/18 Revised Capital Budget RDA- Non TIF $ 6,865,154.00 $ 6,865,154.00 RDA Series 2015A - - RDA City Center Capital 6,914,221.00 6,914,221.00 RDA Garages 2,138,000.00 2,138,000.00 RDA Pennsylvania Ave - Garage - - Total Appropriation as of 7/25/2018 $ 15,917,375.00 $ - $ 15,917,375.00 NOTE: $2,750,000.00 of funding for the Convention Center Park will be transferred from the Convention Center Renovation project; $1,412.900.00 of funding for the Convention Center - Carl Fisher Clubhouse will be transferred from the following projects: Convention Center Renovation - $1,147,580,000.00 and City Center Commercial District BPB- $265,320.00. $72, 000.00 of funding for the Bass Museum - Fire Pump Replacement will be transferred from the following projects: Basss Museum -Light Controls - $57,070.00 and Bass Museum -HVAC Controls $14,930.00. ATTACHMENT B FY 2017/18 CAPITAL BUDGET PROGRAMS AMENDED 7/25/2018 Program Area mended FY18 Capital Budget Amended 7/25/18 Revised Capital Budget Art in Public Places $ - $ - Bridges - - Community Centers - - Convention Center 6,914,221.00 265,320.00 7,179,541.00 Environmental - - Equipment (20,000.00) (20,000.00) General Public Buildings - - Golf Courses - - Lighting - - Monuments - - Parking - - Parking Garages 20,000.00 20,000.00 Parking Lots - - Parks - - Renewal & Replacement 2,138,000.00 2,138,000.00 Seawalls - - Streets/ Sidewalk Improvements 6,865,154.00 (265,320.00) 6,599,834.00 Transit/ Transportation - - Utilities - - Total Appropriation as of 7/25/2018 $ 15,917,375.00 $ - $ 15,917,375.00 NOTE: $2,750,000.00 of funding for the Convention Center Park will be transferred from the Convention Center Renovation project; $1,412.900.00 of funding for the Convention Center - Carl Fisher Clubhouse will be transferred from the following projects: Convention Center Renovation - $1,147,580,000.00 and City Center Commercial District BPB- $265,320.00. $72,000.00 of funding for the Bass Museum - Fire Pump Replacement will be transferred from the following projects: Basss Museum -Light Controls - $57,070.00 and Bass Museum -HVAC Controls $14,930.00. ATTACHMENT C FY 2017/18 CAPITAL BUDGET PROJECTS AMENDED 7/25/2018 Amended Revised Capital Capital Project Name FY 2017/18 Capital Budget Amended 7/25/18 Budget Convention Center Renovation (Project # 28160) 619,319,227.00 (3,897,580.00) 615,421,647.00 Convention Center Park (Project # 28170) 5,000,000.00 2,750,000.00 7,750,000.00 City Center Commercial District BPB (Project # 23270) 26, 074, 846.00 (265, 320.00) 25, 809, 526.00 Convention Center - Carl Fisher (Project # 28180) 2,500,000.00 1,412,900.00 3,912,900.00 Bass Museum - Fire Pump Replacement (New Project) - 72,000.00 72,000.00 Bass Museum - Light Controls (Project # 26030) 57,070.00 (57,070.00) - Bass Museum - HVAC Controls (Project # 62510) 50,000.00 (14,930.00) 35,070.00 Total $ 653,001,143.00 $ - $ 653,001,143.00 NOTE: $2,750,000.00 of funding for the Convention Center Park will be transferred from the Convention Center Renovation project; $1,412.900.00 of funding for the Convention Center - Carl Fisher Clubhouse will be transferred from the following projects: Convention Center Renovation - $1,147,580,000.00 and City Center Commercial District BPB- $265,320.00. $72, 000.00 of funding for the Bass Museum - Fire Pump. Replacement will be transferred from the following projects: Basss Museum -Light Controls - $57,070.00 and Bass Museum -HVAC Controls $14,930.00. MIAM BEACH Redevelopment Agency - RDA 1. COMMISSION MEMORANDUM TO: Honorable Mayor and Members of the City Commission FROM: Jimmy L. Morales, City Manager DATE: July 25, 2018 2:00 p.m. Public Hearing SUBJECT: A RESOLUTION OF THE CHAIRPERSON AND MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY (RDA), ADOPTING THE THIRD AMENDMENT TO THE MIAMI BEACH REDEVELOPMENT AGENCY CAPITAL BUDGET FOR FISCAL YEAR 2017/18, AS SET FORTH IN ATTACHMENTS A (SOURCE OF FUNDS), ATTACHMENT B (PROGRAMS), AND ATTACHMENT C (PROJECTS). RECOMMENDATION See Memorandum attached Legislative Tracking Budget and Performance Improvement ATTACHMENTS: Description CI Ad D Memo - FY 2017/18 3rd RDA Capital Budget Amendment Page 1440 of 1464 NOTICE 18 „ n • 170 F AM 2018 the foliowing i't {,iia idr iii t3 ?1';`? fii? Mernbors of tha Mi{.... It •i ?7$t r F.)ert"F, or to i • +NS in W ftiI; -J e K ;•..i,: :•tt� tF' ( i� " %t:._ ., t-11 'i 'ti i "�$;t :If! ' j, i`.i'7 (ha P'il..c.Ji, I fh ;(il t)t tlii." i s)t.rH;r' (.)# #iS.r. $.`,4.1 i 1ai1,- ivlf -tin' il1C pit irp(`,_),t( Ht/ 71� or li.; tt. =.$Iff '`iiii.;ii. th'_' ;.)rot: s'1... , wi iit:it t ful“ ,n1/ tr "fi -1 eV 1'cd i' oi on 'whi +.f i # , ).t�. � t °ft• , 110i HyN in tt#!irY7ft liF t;f'itf • fil" P1t ?f'ra tr]c.. tn; iF': i ;On ■ Y trf",: r -g', 1i� y' E-;.tii vlr_ , i 1 (' ylt'. ' I' t r. 1- ;"#tied`r,f.: !,u'0,�,1 City of Page 1441 of .1461 IAM! BEACH City of Miami Beach, 1700 Convention Center Drive, Miami Beach, Florida 33139, www.miamibeachfl.gov REDEVELOPMENT AGENCY MEMORANDUM TO: Chairperson and Members of the Miami Beach Redevelopment Agency FROM: Jimmy L. Morales, Executive Director DATE: July 25, 2018 SUBJECT: A RESOLUTION OF THE CHAIRPERSON AND MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY (RDA), ADOPTING THE THIRD AMENDMENT TO THE RDA CAPITAL BUDGET FOR FISCAL YEAR 2017/18 ADMINISTRATION RECOMMENDATION Adopt the Resolution. BACKGROUND Planning for capital improvements is an ongoing process; as needs change within the City of Miami Beach ( "the City "), capital programs and priorities must be adjusted accordingly. 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 CIP 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 2017/18 — 2021/22 RDA Capital Improvement Plan and FY 2017/18 RDA Capital Budget were adopted on September 25, 2017 by Resolution 626 -2017. The First Amendment to the FY 2017/18 RDA Capital Budget was approved on May 16, 2018 by Resolution 630 -2018. The Second Amendment to the FY 2017/18 RDA Capital Budget was approved on July 2, 2018 by Resolution 631 -2018. 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. The Administration recommends adopting the Resolution for the Third Amendment to the FY 2017/18 RDA Capital Budget. Page 1442 of 1464 Resolution Adopting the Third Amendment to the Redevelopment Agency Capital Budget for FY 2017/18 July 25, 2018 Page 2 of 3 THIRD AMENDMENT TO THE FY 2017/18 RDA CAPITAL BUDGET The Third Amendment to the FY 2017/18 RDA Capital Budget reflects re- appropriations of $4,234,900.00, in order to reallocate funding between the following capital projects: 1. Convention Center Park ( "the Park "): Preliminary allowances were originally established under the Convention Center Renovation project for the Park and Carl Fisher Clubhouse projects. Based on the latest Estimate of Probable Cost and additional soft costs incurred due to the redesign approved by the Design Review Board and the City Commission via Resolution 2018 - 30283, it has been determined that additional funding, in the amount of $2,750,000.00, is required for the Park. Funding for the proposed amendment to the Park project would come from RDA Series 2015A dollars (Fund 309) previously appropriated to the Convention Center Renovation Project. Prior Years' Appropriations $5,000,000.00 July 25, 2018 Budget Amendment 2,750,000.00 Proposed Total Appropriations $7,750,000.00 2. Convention Center — Carl Fisher ( "Carl Fisher Clubhouse"): Preliminary allowances were originally established under the Convention Center Renovation project for the Park and Carl Fisher Clubhouse projects. Based on the bids received for this project, as well as the undertaking of site work that was originally proposed to be constructed as a part of the Convention Center and Washington Avenue pump station projects, additional funding in the amount of $1,412,900.00 is required for the Carl Fisher Clubhouse, Funding for the proposed amendment to the Carl Fisher Clubhouse project would come from the transfer of dollars previously appropriated to the projects outlined below: • Convention Center Renovation - $1,147,580.00 — RDA Series 2015A Fund 309 • City Center Commercial District BPB - $265,320.00 — RDA City Center Capital /Fund 365 (funds made available by the reduction of contract encumbrances due to project scope change) Prior Years' Appropriations $2,500,000.00 July 25, 2018 Budget Amendment 1,412,900.00 Proposed Total Appropriations $3,912,900.00 3. Bass Museum - Fire Pump Replacement: The existing fire and jockey pumps at the Bass Museum are in dire need of replacement. The pumps and controls are quickly reaching the end of their service life. Since August 2017, several attempts have been made to repair both the fire and jockey pumps. The museum has been Page 1443 of 1464 Resolution Adopting the Third Amendment to the Redevelopment Agency Capital Budget for FY 2017/18 July 25, 2018 Page 3 of 3 under fire watch, several days at a time, due to constant repair failures. All possible remedies have been exhausted. This amendment would allow for the replacement of the pumps, which would resolve the issue and mitigate the possibility of future emergency repairs. The replacement will also ensure that the Bass Museum is safe and that all fire standards are met. Funding for this proposed amendment would come from the transfer of RDA City Center Capital fund dollars (Fund 365) previously appropriated to the projects outlined below: • Bass Museum — Light Controls - $57,070.00 (Project being funded by the Friends of the Bass) • Bass Museum — HVAC Controls - $14,930.00 — (Project has been delayed, as it is less critical than the replacement of the fire pump) Prior Years' Appropriations $72,000.00 July 25, 2018 Budget Amendment 0.00 Proposed Total Appropriations $72,000.00 JLM /JW /TOS Page 1444 of 1464