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LTC 154-2003 CITY OF MIAMI BEACH Office of the City Manager Letter to Commission No.~c:ilaO.3 m From: Mayor David Dermer and Members of the City Commission Jorge M. GonzarezJ r_./' City Manager ,.f'- [) MIAMI BEACH ( DEVELOPMENT AGENCY COMMUNITY POLICING. MIAMI-DADE COUNTY APPROVAL on JULY 16 & 22,2003 Date: July 3, 2003 To: Subject: The City of Miami Beach Redevelopment Plan Amendments will be heard at the July 16, 2003 Miami-Dade County Economic Development and Human Services (EDHS) Committee meeting at the Miami-Dade County Commission Chambers at 10:00 a,m. The Plan will then be presented to the Miami-Dade Board of County Commissioner at its July 22, 2003 meeting. Christina M. Cuervo and I will attend both meetings along with other members of my staff. Agenda items are attached for your review. If you have any questions or wish to attend in support of these items, please do not hesitate to contact me. JMG/~rar F:\cmgr\$ALL\L TC..Q3\CommunityPolicing M-DCounty.CMC.rar.doc c: Christina M. Cuervo, Assistant City Manager Donald De Lucca, Chief of Police Trish Walker, Chief Financial Officer Kent Bonde, Redevelopment Coordinator Anna Parekh, Redevelopment Coordinator MEMORANDUM TO: Honorable Chairperson and Members Board of County Commissioners DATE: FROM: George M. Burgess County Manager SUBJECT: Amendment to the Miami Beach South Pointe Redevelopment Plan RECOMMENDATION It is recommended that the Board of County Commissioners (the "Board") approve the attached amendment to the Miami Beach South Pointe Redevelopment Plan. By approving the amendment, the Board will delegate to the City of Miami Beach (the "City") the power to implement Community Policing innovations within the South Pointe redevelopment area. BACKGROUND On September 4, 1984, the Board adopted the Miami Beach South Shore Revitalization Strategy Plan (the "Plan") through Resolution No. 1056-84. Section 163.361 Florida Statutes, provides that any time after the approval of a community redevelopment plan by the Governing body, it becomes necessary for desirable to amend or modify such plan, the governing body may amend such plan upon recommendation of the Redevelopment Agency, On June 11, 2003, the Miami Beach Community Redevelopment Agency (the "Agency") adopted Resolution No. 454-2003 which recommended the Plan be amended, to incorporate the development and implementation of community policing initiatives. Also on June 11, 2003, the City Commission of the City of Miami Beach adopted Resolution No. 2003-25237 which approved and adopted an amendment to the Plan. In order for the City to fully implement the amendment to the Plan, it is necessary for the Board to approve and adopt an amendment to the Plan in accordance with the provisions of the Act. Chapter 163.361, Florida Statutes, enables Community Redevelopment Areas to implement and fund community policing innovations, defined as a "policing technique or strategy designed to reduce crime by reducing opportunities for and increasing the perceived risks of engaging in criminal activity through visible presence of police in the community, including, but not limited to, community mobilization, neighborhood block watch, citizen patrol, citizen contact patrol, Honorable Chairperson and Members Board of County Commissioners Page 2 foot patrol, neighborhood storefront police stations, field interrogation, or intensified motorized patro1." The Agency's proposed community policing program calls for implementing and funding new or enhanced policing initiatives which include the assignment of police officers to permanent areas of responsibility or beats. Police officers will work to form partnerships with residents and businesses, to jointly solve crime and disorder problems, and share ownership of the solution strategies. The initiatives would be designed to address specific issues indigenous to the sections/neighborhoods in the Redevelopment Area. Emphasis will be placed on maintaining a highly visible presence and addressing the quality oflife issues within the geographic boundaries of the two districts. The staffing plan designed to address the objectives of the community policing initiative has the following characteristics: ~ Create a Community Policing Problem Solving Team, consisting of one sergeant and six officers for the City Center/Historic Convention Village Redevelopment Area. ~ Develop Task Forces to address specific problems utilizing funding to be provided for designated overtime. ~ Create Community Policing and, business and resident partnerships through innovative strategies. On January 23, 2003, this proposed amendment to the Plan was presented to the Board. In a December 11, 2002 address to the Miami Beach City Commission in connection with the City's proposed amendments to the Redevelopment Plan, which were pending approval by the Board of County Commissioners, Commissioner Barreiro expressed concern that the proposed community policing element was going to provide funding for existing levels of police service in the City Center Area, thereby supplementing the City's General Fund expenditures. Commissioner Barreiro also proposed to add two County Commissioners as voting members to the Miami Beach Redevelopment Agency, to provide oversight in the policy decisions of the Agency, The City Commission declined this proposa1. At a meeting of the County's Tax Increment Financing and Coordinating Committee (the "Committee") held on June 2, 2003, the Agency made a presentation of its proposed amendments to the Redevelopment Plan. While the Committee was supportive of the Agency's proposal, certain members expressed the following concerns and recommendations: ~ Case for Community Policing - the Committee, prior to the meeting, had asked for comparative crime statistics, comparing activity in the redevelopment areas to the rest of the City. Since the Police Department's records management system is in the process of being updated, this information could not be provided. Committee members emphasized the need to establish a system to track and monitor the effectiveness of community policing in the Redevelopment Areas. ~ Overtime - the preliminary proposed community policing budgets for the City Center and South Pointe contain substantive overtime allocations. The Committee asked whether the Agency could contract directly for off-duty police, in order not to incur overtime costs. Concern was raised regarding the City's ability to track and monitor overtime expenditures as being specific to officers assigned with the redevelopment areas. The Committee was informed that, due to the fact that the Agency is staffed by City Honorable Chairperson and Members Board of County Commissioners Page 3 personnel, it is probable that the Fraternal Order of Police may take issue with a City entity contracting separately for police services. ~ Monitoring expenditures and determining effectiveness of the investment in Community Policing - the Committee wanted to establish a mechanism to monitor the investment in community policing, either in the budget process or in the form of an annual report. The Committee was informed that the community policing budget is included as a line item in the respective budgets for each of the two Redevelopment Areas, which are already subject to the review and approval ofthe County. On June 13,2003, the Agency again met with the County's TIFC Committee with responses to the issues and concerns raised by the Committee. The Agency's responses included some preliminary area specific crime data, stating that their City Attorney would not agree to the CRA contracting off-duty police services directly, and stating that they would put in place adequate budgeting, monitoring and reporting processes for the policing program for their upcoming FY 2003-04 budget submission. The Committee in a unanimous vote recommended that the proposed amendments be forwarded to the Board for approval. Economic Analvsis Impact The City proposes to fund these additional activities in the FY 2003-04 budget ofthe City Center District at a preliminary estimated cost of$1,469,705. However, this has no immediate financial impact to the County, as the County's annual payments to the Redevelopment Agency is predetermined, and based on the growth in taxable property value in the redevelopment area. The agency is merely shifting the use ofthese proceeds from one need to another. Approved Veto Override Mavor Agenda Item No. RESOLUTION NO. RESOLUTION APPROVING AN AMENDMENT TO MIAMI BEACH SOUTH POINTE COMMUNITY REDEVELOPMENT AREA PLAN RELATING TO REDEVELOPMENT OF SOUTH POINTE REDEVELOPMENT AREA DESCRIBED GENERALLY AS BOUNDED ON EAST BY ATLANTIC OCEAN, ON NORTH BY 6TH STREET, ON WEST BY BISCA YNE BAY, AND ON THE SOUTH BY GOVERNMENT CUT; DELEGATING TO THE CITY OF MIAMI BEACH THE POWER TO IMPLEMENT COMMUNITY POLICING INNOVATIONS WITHIN THE SOUTH POINTE REDEVELOPMENT AREA IN ACCORDANCE WITH THE APPROVED REDEVELOPMENT PLAN, AS MAY BE AMENDED FROM TIME TO TIME WHEREAS, the Legislature of the State of Florida enacted the Community Redevelopment Act during its 1969 Legislative Session, which enactment is presently codified in the Florida Statutes as Part III of Chapter 163, Sections 163.330 through 163.450 (the "Act"); and WHEREAS, the Act confers all redevelopment powers upon Counties with home rule charters and authorizes such counties to delegate the exercise of such powers within the boundaries of a municipality to the governing body of such municipality; and WHEREAS, the Board of County Commissioners of Miami-Dade County, Florida (the "Board") adopted Resolution No. R. -88-77 on February 1, 1977, which among other things, delegated to the Miami Beach City Commission (the "City Commission") authority to exercise certain redevelopment powers conferred upon the County within the geographic area described generally as bounded by on the East by the Atlantic Ocean, on the North by 6th Street, on the West by Biscayne Bay, and on the South by Government Cut and sometimes referred to as the C:lDocuments and SettingslcmgrrodrlLocal SettingslTemporary Internet FileslOLK5DlSOUTH POINTE PLAN AMEND POLlCE.doc Agenda Item No. Page No.2 "South Pointe Redevelopment Area" (the "Redevelopment Area") in accordance with the Act to enable the City Commission to, among other things, exercise such delegated powers to carry out the community redevelopment purposes of the Act in the Redevelopment Area; and WHEREAS, on September 4,1984, the Board adopted Resolution No. R. -1056-84 which, among other things, adopted the South Shore Revitalization Strategy Plan as adopted by the City Commission on February 15, 1984; and WHEREAS, on June 11,2003, the Agency adopted Resolution No. 454-2003, which recommended that the Plan be amended to incorporate implementation of community policing initiatives; and WHEREAS, on June 11, 2003, the City Commission adopted Resolution No. 2003- 25237, which approved and adopted an amendment to the Plan; and WHEREAS, in order for the City to fully implement the amendment to the Plan it is necessary for the Board to approve and adopt the amendment to the Plan in accordance with the provisions ofthe Act; and WHEREAS, this Board desires to approve the amendment to the Plan in order to delegate to the City the power to implement community policing innovations to the extent such innovations provide an enhanced level of police service within the Redevelopment Area by increasing the number of police officers currently assigned to patrol the Redevelopment Area, all in accordance with an approved Plan, NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MIAMI-DADE COUNTY, FLORIDA, that: Section 1. The matters contained in the foregoing recitals are incorporated in this resolution by reference. C:\Documents and Settingslcmgrrodr\Local SettingslTemporary Internet FilesIOLK5D\SOUTH POINTE PLAN AMEND POllCE.doc Agenda Item No. Page No.3 Section 2. The Board hereby accepts delivery ofthe amendment to the Plan, which amendment is attached hereto as Exhibit "A" and incorporated herein by this reference (the "Amendment"), delivered to it by the City Commission of Miami Beach. This Board hereby finds and determines that the Plan remains unchanged other than for the Amendment and the Amendment: (a) conforms with the Act; (b) is necessary and in the interest ofthe public health, safety, morals and welfare of the residents ofthe City, and will effectuate the purpose of the Act by revitalizing the Redevelopment Area economically and socially, thereby increasing the tax base, promoting sound growth, improving housing conditions, and eliminating the conditions which the Florida Legislature has found in the Act to constitute a menace which is injurious to the public health, safety, welfare and morals of the residents; (c) will afford maximum opportunity, consistent with the sound needs ofthe City as a whole, for the rebuilding and redevelopment of the Redevelopment Area by the City and private enterprise; and (d) conforms to the Local Government Comprehensive Plan ofthe City as a whole. Section 3. This Board, after having conducted a public hearing on the matter for the purpose of giving all interested persons an opportunity to express their views and having made the findings expressed above, approves the Amendment to the Plan in accordance with the Act for the implementation of community policing innovations to the extent such innovations provide an enhanced level of police service in the Redevelopment Area by increasing the number of police officers currently assigned to patrol the Redevelopment Area. The Plan, as amended by the Amendment (the "Amended Plan"), is designated as the official redevelopment plan for the Redevelopment Area and shall be deemed to be in full force and effect for the Redevelopment Area. It is the purpose and intent of the Board that the Amended Plan, as it may be additionally supplemented and amended by this Board, be implemented in the Redevelopment Area. C:lDocwnents and Settingslcmgrrodr\Local SettingslTemporary Internet FileslOLK5DlSOUTH POINTE PUN AMEND POUCE.doc Agenda Item No. Page No.4 Section 4. The Board hereby delegates to the City Commission the power to implement community policing innovations within the Redevelopment Area in accordance with the Amended Plan, as it may be additionally supplemented and amended by this Board and only to the extent such innovations provide an enhanced level of police service in the Redevelopment Area by increasing the number of police officers currently assigned to patrol the Redevelopment Area. The power to approve the development of community policing innovations continues to vest in the Board, The foregoing resolution was offered by Commissioner , who moved its adoption. The motion was seconded by Commissioner and upon being put to a vote, the vote was as follows: Dr. Barbara Carey-Shuler, Chairperson Katy Sorenson, Vice-Chairperson Bruno A. Barreiro Jose "Pepe" Diaz Betty T. Ferguson Sally A. Heyman Joe A. Martinez Jimmy L. Morales Dennis C, Moss Dorrin D. Rolle Natacha Seijas Rebeca Sosa Sen. Javier D. Souto C:\Documents and SettingslcmgrrodrlLocal SettingslTempol'ary Internet FileslOLK5DISOUTH POINTE PLAN AMEND POLlCE.doc Agenda Item No. Page No.5 The Chairperson thereupon declared the resolution duly passed and adopted this 2003. This resolution shall become effective ten (l 0) days after the date of its adoption unless vetoed by the Mayor, and if vetoed, shall become effective only upon an override by this Board. MIAMI-DADE COUNTY, FLORIDA BY ITS BOARD OF COUNTY COMMISSIONERS HARVEY RUVIN, CLERK By: Deputy Clerk Approved by County Attorney as to form and legal sufficiency. Geri Bonzon-Keenan C:lDocuments and Settings\cmgrrodrILoca/ Settings\Temporary Internet Files\OLK5DISOUTH POINTE PUN AMEND POUCE.doc MEMORANDUM TO: Honorable Chairperson and Members Board of County Commissioners DATE: FROM: George M. Burgess County Manager SUBJECT: Amendment to the Miami Beach City CenterIHistoric Convention Village Community Redevelopment and Revitalization Area Plan RECOMMENDATION It is recommended that the Board of County Commissioners (the "Board") approve the attached amendment to the Miami Beach City CenterIHistoric Convention Village Community Redevelopment and Revitalization Area Plan. By approving the amendment, the Board will delegate to the City of Miami Beach (the "City") the power to implement Community Policing innovations within the City Center/Historic Convention Village redevelopment area. It is further recommended that the Board authorize the County Manager to execute the First Amendment to the Interlocal Cooperation Agreement between Miami-Dade County (the "County") and the City. BACKGROUND On March 30, 1993, the Board adopted the Miami Beach City CenterIHistoric Convention Village Redevelopment and Revitalization Area Plan (the "Plan") through Resolution No. 317- 93. On November 23, 1993, the Board approved an Interlocal Cooperation Agreement between the County and the City of Miami Beach (the "Interlocal"), which establishes the terms and conditions for the implementation of the Plan. Section 163.361 Florida Statutes, provides that any time after the approval of a community redevelopment plan by the Governing body, it becomes necessary for desirable to amend or modify such plan, the governing body may amend such plan upon recommendation of the Redevelopment Agency, On June 11, 2003, the Miami Beach Community Redevelopment Agency (the "Agency") adopted Resolution No. 454-2003 which recommended the Plan be amended, to incorporate the development and implementation of community policing initiatives. Also on June 11, 2003, the City Commission of the City of Miami Beach adopted Resolution No. 2003-25237 which approved and adopted an amendment to the Plan. The City Commission also adopted Resolution No. 2003-25241, on June 11, 2003, amending the Interlocal Cooperation Agreement. In order for the City to fully implement the amendment to the Plan, it is necessary for the Board to approve and adopt an amendment to the Plan in accordance with the provisions of the Act. The existing Interlocal must be amended to delegate to the City the power to implement community policing innovations within the Redevelopment Area in accordance with an approved Plan. Chapter 163.361, Florida Statutes, enables Community Redevelopment Areas to implement and fund community policing innovations, defined as a "policing technique or strategy designed to reduce crime by reducing opportunities for and increasing the perceived risks of engaging in criminal activity through visible presence of police in the community, including, but not limited to, community mobilization, neighborhood block watch, citizen patrol, citizen contact patrol, foot patrol, neighborhood storefront police stations, field interrogation, or intensified motorized patrol." Honorable Chairperson and Members Board of County Commissioners Page 2 The Agency's proposed community policing program calls for implementing and funding new or enhanced policing initiatives which include the assignment of police officers to permanent areas of responsibility or beats. Police officers will work to form partnerships with residents and businesses, to jointly solve crime and disorder problems, and share ownership of the solution strategies. The initiatives would be designed to address specific issues indigenous to the sections/neighborhoods in the Redevelopment Area. Emphasis will be placed on maintaining a highly visible presence and addressing the quality oflife issues within the geographic boundaries of the two districts. The staffing plan designed to address the objectives of the community policing initiative has the following characteristics: ~ Create a Community Policing Problem Solving Team, consisting of one sergeant and six officers for the City Center/Historic Convention Village Redevelopment Area. ~ Develop Task Forces to address specific problems utilizing funding to be provided for designated overtime, ~ Create Community Policing and, business and resident partnerships through innovative strategies. On January 23, 2003, this proposed amendment to the Plan, together with another amendment, providing that the plan incorporate by reference the Proposed Master Plan for the 1 ih Street Surface Lots, prepared by Zyscovich, Inc., on September 21, 2001 and revised as of June 19, 2002, to reflect certain input by the Mayor and City Commission, was presented to the Board. The Board only adopted a resolution approving the amendment involving the Master Plan for the 1 ih Street Surface Lots. In a December 11, 2002 address to the Miami Beach City Commission in connection with the City's proposed amendments to the Redevelopment Plan and Interlocal Agreement, which were pending approval by the Board of County Commissioners, Commissioner Barreiro expressed concern that the proposed community policing element was going to provide funding for existing levels of police service in the City Center Area, thereby supplementing the City's General Fund expenditures. Commissioner Barreiro also proposed to add two County Commissioners as voting members to the Miami Beach Redevelopment Agency, to provide oversight in the policy decisions of the Agency. The City Commission declined this proposal. At a meeting of the County's Tax Increment Financing and Coordinating Committee (the "Committee") held on June 2, 2003, the Agency made a presentation of its proposed amendments to the Redevelopment Plan. While the Committee was supportive of the Agency's proposal, certain members expressed the following concerns and recommendations: ~ Case for Community Policing - the Committee, prior to the meeting, had asked for comparative crime statistics, comparing activity in the redevelopment areas to the rest of the City. Since the Police Department's records management system is in the process of being updated, this information could not be provided. Committee members emphasized the need to establish a system to track and monitor the effectiveness of community policing in the Redevelopment Areas. ~ Overtime - the preliminary proposed community policing budgets for the City Center and South Pointe contain substantive overtime allocations. The Committee asked whether the Agency could contract directly for off-duty police, in order not to incur overtime costs. Concern was raised regarding the City's ability to track and monitor overtime Approved Veto Override Mayor Agenda Item No. RESOLUTION NO. RESOLUTION APPROVING AN AMENDMENT TO MIAMI BEACH CITY CENTER/HISTORIC CONVENTION VILLAGE COMMUNITY REDEVELOPMENT AND REVITALIZATION AREA PLAN RELATING TO REDEVELOPMENT OF CITY CENTER/HISTORIC CONVENTION VILLAGE REDEVELOPMENT AREA DESCRIBED GENERALLY AS BOUNDED ON EAST BY ATLANTIC OCEAN, ON NORTH BY 24TH STREET, ON WEST BY WEST AVENUE, AND ON THE SOUTH BY 14TH LANE; DELEGATING TO THE CITY OF MIAMI BEACH THE POWER TO IMPLEMENT COMMUNITY POLICING INNOVATIONS WITHIN THE CITY CENTER/HISTORIC CONVENTION VILLAGE REDEVELOPMENT AREA IN ACCORDANCE WITH THE APPROVED REDEVELOPMENT PLAN, AS MAY BE AMENDED FROM TIME TO TIME; AND APPROVING THE TERMS OF AND AUTHORIZING THE COUNTY MANAGER TO EXECUTE FIRST AMENDMENT TO INTERLOCAL COOPERATION AGREEMENT BETWEEN COUNTY AND CITY OF MIAMI BEACH WHEREAS, the Legislature of the State of Florida enacted the Community Redevelopment Act during its 1969 Legislative Session, which enactment is presently codified in the Florida Statutes as Part III of Chapter 163, Sections 163.330 through 163.450 (the "Act"); and WHEREAS, the Act confers all redevelopment powers upon Counties with home rule charters and authorizes such counties to delegate the exercise of such powers within the boundaries of a municipality to the governing body of such municipality; and WHEREAS, the Board of County Commissioners of Miami-Dade County, Florida (the "Board") adopted Resolution No. R.-14-93 on January 26, 1993, which among other things, declared the geographic area described generally as bounded by on the East by the Atlantic C:\Document.r and Settjngsl.cmgn'odrlLocal &ttjngs\Temporary Internet Files\OLK5DlCITY CENTER PUN AMEND POLICE.doc Agenda Item No. Page No.2 Ocean, on the North by 24th Street, on the West by West Avenue, and on the South by 14th Lane, such geographic area being more particularly described in the attached Exhibit "A" and sometimes referred to as the "City CenterIHistoric Convention Village Redevelopment and Revitalization Area" (the "Redevelopment Area") to be a blighted area and delegated to the Miami Beach City Commission (the "City Commission") authority to exercise certain redevelopment powers conferred upon the County within the Redevelopment Area in accordance with the Act to enable the City Commission to, among other things, exercise such delegated powers to carry out the community redevelopment purposes of the Act in the Redevelopment Area; and WHEREAS, the City Commission adopted Resolution No. 93-20709 on February 3, 1993 which, among other things, made a finding of necessity as to the rehabilitation, conservation or redevelopment, or combination thereof, of such Redevelopment Area, declared the need to establish a community redevelopment agency, declared the members of the City Commission as the members of the community redevelopment agency, declared that the existing Miami Beach Community Redevelopment Agency (the "Agency") may act as the community redevelopment agency with full power to exercise all the powers permitted by the Act, which were delegated by the Board to the City Commission, and directed the initiation, preparation and adoption of a redevelopment plan by the Agency, all for the redevelopment of the Redevelopment Area; and WHEREAS, the Agency adopted Resolution No. 128-93 on February 12, 1993 which, after making certain findings at a public hearing with respect thereto, approved the redevelopment plan and recommended the redevelopment plan for approval by the City Commission; and C:\Documents and SettingslcmgrrodrlLocal SettingslTemporary Internet FileslOLK5DIClTYCENTER PLAN AMEND POLICE. doc Agenda Item No. Page No.3 WHEREAS, the City Commission adopted Resolution No. 93-20721 on February 12, 1993 which, after making certain findings at a duly advertised public hearing with respect thereto, approved and adopted a redevelopment plan and recommended final approval of the redevelopment plan by the Board; and WHEREAS, on March 30, 1993, the Board adopted Resolution No. 317-93 which, among other things, adopted the City Center/Historic Convention Village Redevelopment and Revitalization Area Plan (the "Plan") and approved an Interlocal Cooperation Agreement between the County and the City of Miami Beach dated November 23, 1993 (the "Interlocal") in connection with the implementation ofthe Plan; and WHEREAS, in order for the City to fully implement the amendment to the Plan it is necessary for the Board to approve and adopt the amendment to the Plan in accordance with the provisions ofthe Act; and WHEREAS, the Interlocal must be amended to delegate to the City the power to implement community policing innovations within the Redevelopment Area in accordance with an approved Plan, as may be amended from time to time; and WHEREAS, this Board desires to approve the amendment to the Plan, NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MIAMI-DADE COUNTY, FLORIDA, that: Section 1. The matters contained in the foregoing recitals are incorporated in this resolution by reference. Section 2. The Board hereby accepts delivery of the amendment to the Plan, which amendment is attached hereto as Exhibit "B" and incorporated herein by this reference (the C:\Documents and SettingslcmgrrodrlLocal SettingslTemporary Internet FileslOLK5DIQTYCENTER PLAN AMEND POLlCE.doc Agenda Item No. Page No.4 "Amendment"), delivered to it by the City Commission of Miami Beach. This Board hereby finds and determines that the Plan remains unchanged other than for the Amendment and the Amendment: (a) conforms with the Act; (b) is necessary and in the interest of the public health, safety, morals and welfare of the residents of the City, and will effectuate the purpose of the Act by revitalizing the Redevelopment Area economically and socially, thereby increasing the tax base, promoting sound growth, improving housing conditions, and eliminating the conditions which the Florida Legislature has found in the Act to constitute a menace which is injurious to the public health, safety, welfare and morals of the residents; (c) will afford maximum opportunity, consistent with the sound needs of the City as a whole, for the rebuilding and redevelopment of the Redevelopment Area by the City and private enterprise; and (d) conforms to the Local Government Comprehensive Plan of the City as a whole. Section 3. This Board, after having conducted a public hearing on the matter for the purpose of giving all interested persons an opportunity to express their views and having made the findings expressed above, approves the Amendment to the Plan in accordance with the Act. The Plan, as amended by the Amendment (the "Amended Plan"), is designated as the official redevelopment plan for the Redevelopment Area and shall be deemed to be in full force and effect for the Redevelopment Area. It is the purpose and intent of the Board that the Amended Plan, as it may be additionally supplemented and amended by this Board, be implemented in the Redevelopment Area. Section 4. The Board hereby delegates to the City Commission the power to implement community policing innovations within the Redevelopment Area in accordance with the Amended Plan, as it may be additionally supplemented and amended by this Board. The C:lDocuments and SettingslcmgrrodrlLocal SettingslTemporary Internet Fi1es~OLK5D\CITY CENTER PLAN AMEND POLICE. doc Agenda Item No. Page No.5 power to approve the development of community policing innovations continues to vest in the Board. Section 5. The Board approves the terms of and authorizes the County Manager to execute the First Amendment to the Interlocal Agreement in substantially the form attached to this resolution as Exhibit "C". C:\Documents and SeJtingslcmgrrodrlLocal SettingslTemporary Internet Files\OLK5DICITY CENTER PLAN AMEND POLICE. doc Agenda Item No. Page No.6 The foregoing resolution was offered by Commissioner , who moved its adoption. The motion was seconded by Commissioner and upon being put to a vote, the vote was as follows: Dr. Barbara Carey-Shuler, Chairperson Katy Sorenson, Vice-Chairperson Bruno A. Barreiro Jose "Pepe" Diaz Betty T. Ferguson Sally A. Heyman Joe A. Martinez Jimmy L. Morales Dennis C. Moss Dorrin D. Rolle Natacha Seijas Rebeca Sosa Sen. Javier D. Souto The Chairperson thereupon declared the resolution duly passed and adopted this 2003. This resolution shall become effective ten (10) days after the date of its adoption unless vetoed by the Mayor, and if vetoed, shall become effective only upon an override by this Board. MIAMI-DADE COUNTY, FLORIDA BY ITS BOARD OF COUNTY COMMISSIONERS HARVEY RUVIN, CLERK By: Deputy Clerk Approved by County Attorney as to form and legal sufficiency. Geri Bonzon-Keenan C:\Documents tmd Settings\cmgrrodrlLocal Set/ingslTemporary Internet Filer\OLK5DICITYCENTER PLAN AMEND POLICE.doc 07/03/03 THU 15:03 FAX I4J 002 - MEMORANDUM TO: Honorable Chairperson and Members Board of County Commissioners DATE: FROM: George M, Burgess County Manager SUBJECT: FY 2002-2003 Budget for the City of Miami Beach Community Redevelopment Agency RECOMMENDATION It is recommended that tJ1e Board of County Commissioners (the "Board") approve the City of Miami Beach Community Redevelopment Agency's FY 2002-2003 budget for the South Pointe Community Redevelopment Area, which includes revenues and expenditures of $17,389,212 as indicated in the attached Exhibit 1. BACKGROUND The Board approved the Tax Increment Financing Project for the South Pointe Community Redevelopment Area by ordinance No. 88-77. This agreement requires the City of Miami Beach to submit for County approval. the budget for the project when tax increment funds are used. The budget reflects revenues and expenditures of $17,389,212. The major sources ofrevenues are tax increment proceeds ($10,687,637) and carry over tax increment funds ($6,307,455). The County's contribution to the revenues is $4,716,690, The City's contribution is $7,400,204. The major expenditures are for infrastructure improvements ($9,756,544); capital utilities improvements ($6,175,446); debt service ($904,722) and Administration ($500,000). Administration expenses, it is to be noted, are $500,000 or 2%. The Tax Increment Financing Coordinating Committee has reviewed this budget and recommends it for Board approval. 07/03/03 THU 15:04 FAX I4J 003 Agenda Item No. Approved Veto Override Mayor RESOLUTION NO. RESOLUTION APPROVING THE BUDGET FOR FISCAL YEAR 2002-2003 FOR CITY OF MIAMI BEACH COMMUNIlY REDEVELOPMENT AGENCY WHEREAS, this Board desires to approve the Agency's adopted annual budget for Fiscal Years 2002-2003 for the South Pointe Community Redevelopment in the form attached hereto as Exhibit r and incorporated herein by this reference; and WHEREAS, this Board desires to accomplish the purpose outlined in the accompanying memorandum, a copy of which is incorporated herein by this reference, NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MlAJ.'\fI-DADE COUNTY, FLORIDA, that: Section 1. The matters contained in the foregoing recitals are incorporated in this resolution by reference. Section 2, This Board approves the Agency's oumual adopted budget for Fiscal Year 2002-2003 related to the South Pointe Community Redevelopment District in the form attached hereto as Exhibit I. 071(13/03 THU 15:04 FAX III 00,1 Agenda Item No. Page No, 2 The foregoing resolution was offered by Commissioner , who moved its adoption. The motion was seconded by Commissioner and upon being put to a vote, the vote was as follows: Dr. Barbara Carey-Schuler, Chairperson Katy Sorenson, Vice-Chairperson Bruno A. Barreiro Jose"Pepe"Diaz Betty T, Ferguson Sally A. Herman Joe A. Martinez Jimmy L. Morales Dennis C, Moss Dorrin D. Rolle Natacha Seijas Rebeca Sosa Sen. Javier D, Souto The Chairperson thereupon declared the resolution duly passed and adopted this 2003, This Resolution shall become effective ten (10) days after the date of its adoption unless vetoed by the Mayor, and if vetoed, shall become effective only upon an override by this Board, MIAMI-DADE COUNTY, FLORlDA BY ITS BOARD OF COUNTY COMMISSIONERS HARVEY RUVIN. CLERK BY: Deputy Clerk Approved by County Attorney as to form and legal sufficiency. 07/03/03 THU 15:04 FAX JUN-20-2003 11:08 .. q .. ~ .. Cl .. !!l > w OJ: ,.. , l!~. .'E ~ ~cP _IL" ,,>>- . c E E:::I: &'0- .~E ~E!~ ~:;! A:ti 1;CI. -~... IE":; ~"" at."' JiI . '" ... " '" ... " 15. " '" ... CI1B C lTY MANAGERS OFF I CE 305 6?3 7782 . c I! " 'ii U II U E Z .. :I! c: .. " E Ji c" .. =0 CI .. 'lOu + E .'" Ii _ c I! " c'" ~j 0:3 U .. ~~ ~Jl t ...~ q .. "'''' l~ E ~I ~ .. c L 0 Cll~ .1 = . C E ~"~ !? . .a ell t" :Ii t:l l'l,1! 0 =0 li o' .. ~'t: u"g ~l! ... l~ -~ II ":;a.l! f! 1 Ii led ~g ..~ i t~" fie -- 0... 0 ia ...~! ==::::i u ....u ~ f~ jj jj 0 0 2! zz ;:c: z ....0 ,.,0 S8 ,: : 00 g~gg ., 8g ",001 !"'= :r;.lG. ~:!l ~~ '" ::l"''"' , , n - .. ... '0 ill..,' Cl ' III .. "'.... .:; "'- ~ "'~ ....0. ~li oj = ...M .n";~iN !If oJQ :g~! "'.... .... - 0" ... - .. lil ~.~ .. "'.... ... po ... .... .. >- ",,-..,; uS .: oi tG""': ... - -- -... .... ....... .. ...................."'... ..w..,....,~ .......... ... 2 ... .. ~ NN Q" .... .. :h "'.. 1,0- rt ...0 "'.. '" .. tAO - .. ... ~ gg 0'" ON .. '" '" .. o o Q .. - .. '" "l. ! ~ ... 00 0.. .. .. 'Iii"; -<0 ... oooe 0000 aoton\tll ..;.' N'; 8 o ... 01 8. _ ..g ... ...0- ~g~ fl)61()N -....... ....... .,; ~..! ,:s. . ~J~ .,..... .. ... ..." ...- ........ ... _.~~M....-..~-~- ~-_..~- ---" ~ !'!lll ID on ..;.: ;!~ ..,,; 00 ..... _'" "';c-i .,... ... - r'J--- ..0 gg ON "'''' :g .... <Ii ... ... o oj .. N ..;' ... gg 00 ~N4 _U'J ... ogg~ 860... ..,,; 1I)-.nO co g8:;l~ glOg....1D ~-' ...~'"'~ - ... - .. .. .. ... ....' ...- '" '" .... '" .. .,; 0.,- "'~o 0"'- .,.: c"4.a ~:;;= NNeoi ~~ ....... -. -..-. .. _~__..__M..~.~ ~ft~__"- --.. I ~ ... " " ... ., ~ II E 8. + ~E"3 ~ ~ !!o:: i! " .. '" J!;:l:~! I i c'P~e!: ~ e. "'.'&.j!~0 - & ~.21i.52..~g 'lji u;~l;~~Q,~i.....5~ ,,-...! ~ 1:0:: g e'" ::-)11 ~~U)"'Q;;.!';S i ;! f ~. - ,~ ~ ~ e ~~Q..U1c..~~cf~Jl o:utJt.J 0 .-.= .. .. " " !: .. ,. 1 .. i $ .:l:: ij f3 . I Bog 1 .... ..il!~~... ~l l.. .. u 'lit _I ~ I -- CII c E .- 0' I I,U t' iJ ~ 3 I.jli~~~~~ ~~j" ! ~5 ,S'! B ! ~ ; i ~~ ~~ U! 8 J:~ ~ t ~il ~I I~I~ ~i~8.1IS~~~s~~I~i ! l~~~~ii' i ~ll~ll~tll~&I~li ~li~ .~~o~ ~_aw...f~ E~"~"~~~O e~~~!~~~.ii~~~~~~~ ~~ii]~5~f~ ~~u.5~~i8~~<...a::ogo~i"'~a::0::...ou~....~ ... ;: u " . 'u \:: ~ ';i l'I " " w I4J 005 P.05 ',' , , . , ~.' " i' , .' " ,',' 07.'03/03 THU 15:05 FAX JUN-20-2003 11:09 CMB C I 1''1' MANAGERS OFF I CE ,""IAMI BEACH REOEVEI.OPMENT AGENCY Adopted Budget 02/03 South Poin18 RQd~opm8nt Anla 305 573 7782 I4J 006 P.05 Revenues and other Sources of Income Opening Balance SOLlth Polnte Strestscape Appropriation Park Improvements Appropriation Tax Increment - CI~ TBll increment. County Marina Rental Portofino I.oc;allmpads Interest I ncorn e Operllllng Tl1Insfers In Capital Project Fund! Fund Balance Carl'jover Total Reyenue Operating Fund Debt Service 5,970.947 4,716,690 182,160 92,000 48,942 4,716,690 23,018 5,792,049 11,008,739 10,531,757 Operttlng Expenses Management Fee Advertising & PromotJon Postage & Mailing Printing Office Supplies & E;qulpment Meetings & Conferences Dues & SublScriptillna Audit Fee Professional & Related Fees Miscellaneous Expenses Total Operating Eltp,,"ses Operating Fund Debt SONlce 414,000 2,500 6,000 2.500 5.000 2,000 1,000 4,000 63,000 $500,000 so Proj.c~ South points Pier SlIywalk Beach Master Plan South Pointe Streetscape South Pointe Park (P&R) Washington Park (P&R) CorTImun'rty Garden (P&R) The Courts/Cobb 1 st -2nd Stre8tllCepe Library PortofiflO Settlemenl Poltofinc Locallmpaclll MarinI Vallll PerkIng Pump Sratign Remg...l The Relalllld Graup 1) SSOI toi.WaterlSlorm Wat&r RtlIClClUgn 2\ SSDI N-SeewaU Restoretlon 3) SSDI N.New Sea_II Vselll Club CAM L891IFIIl& PlOgrlm Manll9llr (H&S) Olller Projects (Induding elP UtI1itleli Improvemenls) Total ProJec;l Costs Transfel'll and Debt Sarvlce paymenlS Debt SeMCI:! Cost Transfer CountY TIF 10 - Oabt Svc Fund Transfer \0 - Oebt SIIC; Fund Transfer 10 Construction Fund Tollll TI'III".ters $0 $0 904.722 4,718,890 5,792,049 9,627,035 $10,531,757 $10,531,757 (SO) Total E;,;penditu/1)s 10 Tranafere Exce,. (Deficiency) $10,508.739 $11,008.739 $0 ",,7aao3 l' .23 AM . COf\5tnJ~;:JO" Fland ' 6,38 ',455 6,),000 I \ 9.6'~:'7,035 15.9';',490 " Constru,:tlon Fund ~, ' 'J ," ,,' ;- " " .' " i; SO ~:50.000 ;'50.000 3.: 'BB ,544 2;"100,000 , 50,000 ,: 70,000 ! 100,000 52,500 . ~ l 92,000 i: 72,000 ;'} .000,000 , I' I; 200 000 " ' :" 1.000,000 'I 2~O,OOO :, 84 000 l 100:000 i' 2'JO,000 e 175,446 $1~1)84.490 $0 S1S ,9M.490 SO abud9~~ .os~p",p-"" A TOTAL P.<l6 07/03/03 THU 15:05 FAX ~007 8 MEMORANDUM TO: Honorable Chairperson and Members Board of County Commissioners DATE: FROM: George M. Burgess County Manager SUBJECT: FY 2002-2003 Budget for the City of Miami Beach Community Redevelopment Agency RECOMMENDATIO~ It is recommended that the Board of County Commissioners (the "Board") approve the City of Miami Beach Community Redevelopment Agency's FY 2002-2003 budget for the Miami Beach City Center/Historic Convention Village Community Redevelopment Area, which includes revenues and expenditures of$28,838,020 as indicated in the attached Exhibit 1. BACKGROUND The Board approved the Tax Increment Financing Project for the Miami Beach City Center/Historic Convention Village Community Redevelopment Area by ordinance No. 93-28, An Interlocalagreement was approved by the Board on March 30, 1993 (Resolution No. 317- 93). This agreement requires the City of Miami Beach to submit for County approval, the budget for tl1e project when tax increment funds are used. The budget reflects revenues and expenditures of $28,838,020. The major sources of revenues are tax increment proceeds ($13,281,900) tax exempt bond funds ($9,959,394); garage revenues ($1,950,000); resort taxes ($1,900,000) and ground leases ($990,000), The County's contribution to the revenues is $5,881,696. The City's contribution is $7,400,204. The major expenditures are for infrastructure improvements ($7,901,961); debt service for bonds and capital projects ($11,217,534); building construction and improvements ($3,600,000); capital costs ($4,600,000); garage operations ($1,018,525) and Administration ($500,000). Administration expenses, it is to be noted, are $500,000 or 2%, This is below the 20% cap required by the lnterlocal Agreement. The City of Miami Beach Community Redevelopment Agency has submitted its Progress Report, but not its audited financial statements as required by the lnterlocal Agreement. The Agency has stated that its report will be submitted by July 2003. The Tax Increment Financing Coordinating Committee has reviewed this budget and recommends it for Board approval. 07/03/03 THU 15:05 FAX I4J 008 Agenda Item No. Approved Veto Override ... Mayor RESOLUTION NO, RESOLUTION APPROVING THE BUDGET FOR FISCAL YEAR 2002-2003 FOR CITY OF MIAMI BEACH COMMUNITY REDEVELOPMENT AGENCY WHEREAS, the Interlocal Cooperation Agreement between Miami-Dade County, Florida (the "County) and City of Miami Beach, Florida regarding the Miami Beacb City Center/Historic Convention Village CommlL'1ity R~evelopment Area, requires that the City of Miami Beach Community Redevelopment Agency (the "Agency") transmit its adopted annual budget to the Board of County Commissioners of Miami-Dade County, Florida (the "Board") for approval; and WHEREAS, this BClard desires to approve the Agency's adopted annual budget for Fiscal Years 2002-2003 for the Miam i Beach City CenterIHistoric Village Community Redevelopment Area in the fonn attachedhereto as Exllibit I and incorporated herein by this reference; and WHEREAS, this Board desires to accomplish the purpose outlined in the accompanying memorandum, a copy of which is incorporated herein by this reference, NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MIAMI-DADE COUNTY, FLORIDA, that: The matters contained in the foregoing redtals are incorpora.ted in this Section ), resolution by reference, Section 2, This Board approves the Agency's annua.l adopted budget for Fiscal Year 2002-2003 related to the Miami Beach City CenterIHistoric Convention Village Community Redevelopment Area in the form attached hereto as Exhibit I. 07/03/03 THU 15:06 FAX I4J 009 '. Agenda Item No. Page No.2 The foregoing resolution was offered by Ccimmissioner , who moved its adoption, The motion was seconded by Commissioner and upon being put to a vote, the vote was as follows: Dr. Barbara Carey-Schuler, Chairperson Katy Sorenson, Vice-Chairperson Bruno A. Barreiro Jose"Pepe"Diaz Betty T. Ferguson Sally A. Herman Joe A. Martinez Jimmy L. Morales Dennis C. Moss Dorrin D. Rolle Natacba Seijas Rebeca Sosa Sell. Javier D. Souto The Chairperson thereupon declared the resolution duly passed and adopted this 2003. This Resolution shall become effective ten (10) days after the date of its adoption unless vetoed by the Mayor, and if vetoed, shall become effective only upon an override by this Board. MIAMI-DADE COUNTY, FLORIDA BY ITS BOARD OF COUNTY COMMISSIONERS HARVEY RUVlN, CLERK BY: Deputy Clerk Approved by County Attorney as to form and legal sufficiency. 07 :03 /03. THU 15: 06 FAX III 010 jUN-20-2003 11:138 CME CITY MAN~GERS OFFICE 305 673 7'782 P,03 . .i . c c i: E c ~ ~ "0 S ~ . Q. . 'II 1: u 0 :I "f ~ ... . : c 'II Q I Iii 1 " I! ~ 1.1 ~ ,g a:! . 1 .... u ~ . ~ !~ E !J :> >> '8 " f ~ 1 1 ! ,,' i ,. c . '" .i , . "" . ,. 1 ~i I! !' " '" ~\ . . l!. .' . ! I! . . ~- h .. B'~ . " " i . g! it . I: Q. ~l " . . ,:I . t \ ~~ ~.. .. :i I! .. I!", ;- ~ ~1 I." .. c= oi: ! i: .. ~~ - . ,.. 15" .. 01: "" ~.: o 0 .s ..~ E ....u 0 I. i i. . U ~ u :z ~.!. ..... ~.l~;;~.; ~ U, ' ~.U.! . ~.lll ~.u.ou.U.. ,no .~~. -- O,<t co OD ! n SE ~ !!~! ; .. ~i ..."'iN!! _NIIt: ~:!= iUai'! ~g .;... '\ -.. .. . .. -. p.:.: ~.o .. "':';Ift~ Pi"": :n~ .. .. q J ~ l!C. ,;.~~ ~~~ l""E ~~,;-! ED; .2.. !i~ 'fio,. . . " ':;:u ig~ t: 1 u i .. i ~ ... ........- _0' .. !~ U. ~U.t~~. 'U 1 .0. ~~ ~ u. ~'" U2~..1 ~ .. .. ~ . .-jVl' ~........... "(. '" . .,; ~ ... - .. -- ---... .... . ~s: u. ~, 0 l~.~. . ~ ~ r~ q, II. ;.l ~ ::gl~ a .. - "''' .. .. - .. .. .. ... -.. ---.. .. .. .. .-.---..---- _..---_.__.~.--~.-" . 'g"" :: e.:;'l~' ..... .. ~,a. o. ... GO , , , ,~ '~,~U.' i i~=; .. == ~.~ 0 ~.IIJ 0 ~~.U. ;Si: ....n": -.....; ...___...--- w.._~___-w----..--- - .S!- - ~.~. -. g~ !t1 .._ co n~'" t-i I . . . 1 , ,U.s. 0 2-- .,s:= tf: u, 'i,~.U. . 'iU. ~5t ~CIi"'- "V1~ "" .. ,;' ._.___w_____ _______ __.w----..- - " !, .:i l.'l... IIi' 'tI"O - - '. C i c: - i ~l;"l ~ i ~ i fill &! . - I!. ~ ....1-' Ii a: 1:'llI.!J. 111..'5& ~;,'l . ~fE:jjlJlij~f.GJ j6fJii;~!1!iJlfjJ ~ I : ~ il! f,i i ~ ;; 'lip i~~~'lI a!~ i" ....li [t'!.e:l ",!!j; l il: r ill ~ii~jiBl~~l'.i~s itll~li ~I ~ ii1 ;! i~t illlliI11~lt~~igi:ilii I: i jil.J~:E!ji fli99Ii1~t1Jl~:;i~~,:i E' 1 !I HllzJ1J1'~rlJI~~E;;H~~lit1jii i . _<~~o~~~Bs811~~~~g~J:~~ ~ _0_ U _ Og~~~O .~u ~ - - III O~/03/03 THU 15:06 FAX -...-- - - -----.-. JUN-20-2003 11:08 CMB CITY ~ERS OFF I CE Miami ileagt\ RGcawetoplll- ......."", Adopted Budlllt F'f aOO2J03 City CenMr Red_lopnent Area R.".llue,. and ()tt1er Soll~U of Income Ope n\~lI Balanc;ll 96 B 5en!l& Bo~Q Fund" 98a aa"d Fund!> Tax Incramllnt. C"'1 Tax It1cten1l!1l1t. County 50% ContnbU~o~ fro'" Resort 1'1 X (1 'Ie) InlBr95t Income Loe"'" Hotel RollI Rl!"enlle Royal Palm G~UIIG Lease Anchor Garllgll Oper:llion5 (1) Mchor ShapG Lease Re"811Ue (2.) Olher Ooel'iltln9 T...nsfers In Fund Balance Carryover Tolal R8V11nue opanllnU Expenl51t11 Management fee Ad"enlslnll & p,omouon poslla1l8 & mllmn9 Prin6ng Office auppllel 10 eQuipmenl Meellngs I. c;on'llrenc.. Du" & subecrilltlon. rwdd. fees professioNJI & reloted fees II.4iscel\aneous 8~enoes Total Operating Expllnses P'roJoc:ts ,."char Garage ops Ind "le5 & prop ta.'<eS Mellor GIllIge FsciUtj USe/U5age FllIl!I (3) Metlar Shops mgl tee & related eltp Comrnunitt Polici"ll Reo9ymGnl of Llncgln Road Cap\tlll Caslz (4) Repayment of BasS Museum Copllal Cas\!i (!o) Botacl1Wll11< projed Colony llIealer R.olUnda Streel-ellclS (17th. 1\1lt1 . 20th Strge~) 1eth snellrnprgvemllll!S nth Street Ma&l8r Plan Allac;alian lor Sue8lacape, Welllr. Se.oter & other U~l~ Impl1l"BnlllnUi by CIP ()ffic8 T8Ul Project. C()5Ul: TI3MfeI'!l and Debl Sa",iCAI Paymel\~ Oeb\ $eNic8 C05t. gliB & 9B6 aondl CUrTlIn! OlIbl seroo'1C8 . Linl:lll1n Rd Pftlject (6) CUrl'4lnt Debl SeNio&. Bass N1ueewrn (7) Transfsr County 11F 10 ' Debt S\lc Fu nd nenrler to . Deb!. SoC: Fund. TlIllVIfer to . Construction FlinGS Tol3I T........... Total EltpendIWr9S a. Transf.rs E:.I~.S (oellelllnC1): operating Fund SO SO StI 57 ,,,"00,204 55.88' ,696 $1,SJOQ,0Q0 SO ssaO.OOO 5490,000 $1,9.50.000 5686,816 SO SO $1.,70B.11$ o,.ratlng Fund 414,000 3,000 3.000 3.0lI<l 5,000 2,000 1.000 4.000 50,000 1 $,000 $500,000 operatlllg Fund 770.52S 166,000 82,000 III 011 30S 673 7782 P.04 Debt c;orstrUl:tllln SeNlclI F\llId SO SO SO $4,173.015 SO 55.7ee,319 SO SO 1, $5,981,698 SO SO sO SO 5169,910 so so SO SO $0 SO SO SO S9.16&,650 $ 1,372.eQ1 $0 SO 518.050.3&. $11,501,9'1 Debt Cons\tuelion Ser-.lce Fund " I' " 1'- l:.: ~,~ so so o.bt ServiCe COnlltruatlon Fund 3,450,000 1,150.000 3,600,000 \,600.000 500,000 .. 700.000 500.000 500.000 3,901,961 $1,01 B,526 $4.tII0.000 $11,5111,911 Operating Deb!. ConsWc:t1on '" ,. Fund SeNlcll Fllnd \~ 9,077 ,889 \ 1,631,738 1.' 508,101 5,6111,G98 9,' 68.650 1,372,657 "7.190,1!91 ,'0,490,346 SO ,'8,7111,7'& S1 5.0511,3'" "'.501 ,961 SO SO $0 ......, Prior III ~a 110 _ WI end e..."'....Nl-.... p.-fll g,,,.!o; PI_ <<2 Rll!IIlI1IlMH ~""'.lWL _~,",Bnt""" & ~ ...".... NoIe.3 Offa,--=- 4U........" F..., u." ~ FIIdlal' U..,. poe PrIen" R~"I at UI'liCOL" R..... c.pIlIII.,11 . ~_.... .rMCItaI & 11'6areJ11 ...... 115 R...,..m<lm of 8_a M...8um UPiIhlI c~\II . .,.,,'lhil81IllCl ~all. llUfIftl' ..... . p~"t 01 u,.... Rea" eurr~ IIdl l."t,. Oft SuftlfPtfn. SulUIi LOlA Hal:..7 PII.,n'lUII of e.. ~ OYl'l'8'" G'" M'l"'ICiI 0f1 Gulf br..a ~ .,,?/2CICI$ ".2001-'" " "''''<%I.I~.J~~po..:.p,.,1. Sh..t'