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Resolution 2019-30933 RESOLUTION NO. 2019-30933 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE FINANCE AND CITYWIDE PROJECTS, AT ITS JULY 19, 2019 MEETING, REGARDING THE 72 STREET PARK, LIBRARY AND AQUATIC CENTER; AND AUTHORIZING THE ADMINISTRATION TO PROCEED WITH THE COMPLETION OF THE FEASIBILITY STUDY AND THE PREPARATION OF A DESIGN CRITERIA PACKAGE. WHEREAS, on April 26, 2017, the City Commission adopted Resolution No. 2017-29843 directing the City Administration to proceed with a consultant service order engaging Desman, Inc, a mixed-use garage specialty consultant, to prepare a feasibility study and subsequent Design Criteria Package (DCP) for a mixed-use parking garage structure, including a new recreational park with a skate park and community use space, at the 72"d Street municipal parking lot (P-92); and WHEREAS, on March 7, 2018 the City Commission accepted the recommendation of the Finance and Citywide Projects Committee to include a 50-meter competition swimming pool to the feasibility study for the proposed 72nd Street Park, Library and Aquatic Center; and WHEREAS, during the development of the feasibility study, utilizing local market and similar project cost data, Desman provided a conceptual project cost estimate for various schemes ranging in costs in excess of$60M; and WHEREAS, in the case of a feasibility study such as this one, since the project has not yet been designed, Desman followed standard industry best practices and relied on general assumptions, code requirements and historical data to determine pricing for each of the elements; and WHEREAS, On July 20, 2018, the City Commission held a General Obligation Bond Workshop and discussed project scope and cost, to be included in the GO Bond, and during that meeting, the City Commission reviewed the conceptual total cost estimate of $60M proposed for the Bond; and WHEREAS, the City Commission determined that the project would proceed on the GO Bond with a reduced project budget of $50M for the facility, $3.8M for the implementation of resilient strategies, resulting in a total project budget of$53.8M; and WHEREAS, the scope of work for the General Obligation Bond was noted to include a parking garage, with a maximum of 500 parking spaces, civic and commercial space at the ground level, a recreational park, roof-top 50-meter competition pool, 25-meter warm-up pool and support facilities, a 5,000-10,000 sf Library/Media Center, a 7,500 sf upscale fitness gym with a running track, resiliency strategies that could include resilient storm water retention and re- use system, solar electric power, energy efficient lighting and an activated roof level with green roofing system; and WHEREAS, On November 6, 2018, the GO Bond Program was approved by the residents, including $53.8M for the project; and WHEREAS, upon passing of the GO Bond, the project team re-evaluated the project estimate resulting in an updated total project cost estimate of approximately $64.4M and, a projected budget shortfall of approximately $10.6M; and WHEREAS, the initial estimate for operating and maintenance (O&M) costs of the facility that were provided during the G.O. Bond process was $2.5 million, and based on more refined calculations, the amount has been revised to $2.2 million, this amount is offset by an estimated $500,000 of revenue from the recreational elements of the facility for an estimated net expense of$1.7 million; and WHEREAS, additional revenue of $315,000 is estimated for rental of the retail space components that is recommended to be programmed for property management costs; and WHEREAS, revenue from the use of the parking garage is planned to be used to cover costs of operating and maintaining the garage; and WHEREAS, there are two recommended approaches for funding the $10.6M gap in funding for the 72nd Street project where Option 1 would realign funding of $10.4M currently in the Parking Operating Fund-set aside for the proposed North Beach Town Center project with $128K of funding from the 7th Street Garage fund balance; and WHEREAS, Option 2 would realign $7.7M of the $10M of Resort Tax funds in the Transportation Capital Initiatives project with the remaining $2.9M coming from the 7th Street Garage fund balance; and WHEREAS, the anticipated duration for the project is approximately four years, allowing for public outreach, further refinement of the program elements, completion of the feasibility study, preparation of the DCP, procurement of design builder, design, permitting and construction; and WHEREAS, on July 19, 2019, the City's Finance and Citywide Projects Committee resolved to recommend to the City Commission, that the project proceed with the completion of the feasibility study and the design criteria package, including the program and scope as described in the GO Bond item, and further recommended that the funding shortfall be closed through the realignment of the Parking Operating Fund set aside for the proposed North Beach Town Center project with $128K of funding from the 7th Street Garage fund balance; and WHEREAS, the Committee asked staff to pursue value engineering through efficiencies in shared uses, in order to conserve as much budget as possible, and provide additional parking spaces, delivering the project for a final cost between $60M and $64.4M. 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 Finance and Citywide Projects Committee, at its July 19, 2019 meeting, regarding the program and budget of the 72 Street Park, Library and Aquatic Center; and authorize the Administration to complete the feasibility study and commence the development of the design criteria package. PASSED and ADOPTED this 31 day of Jyul , 2018. an Gelber, Mayor ATTEST: '.,*:INCORPORATED .`h= APPROVED AS TO = F! • NGUAGE $'H 26. & CUTION TICG '2f 2�Q 11�.1q..m.... � l Rafael E. Granado, City Clerk _ (3 •ity Attorney ate 2. • Resolutions -R7 G MIAMI BEAH COMMISSION MEMORANDUM TO: Honorable Mayor and Members of the City Commission FROM: Jimmy L. Morales, City Manager DATE: July 31, 2019 SUBJECT:A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE FINANCE AND CITYWIDE PROJECTS COMMITTEE REGARDING THE 72 STREET PARK, LIBRARY AND AQUATIC CENTER; AND AUTHORIZING THE ADMINISTRATION TO PROCEED WITH THE COMPLETION OF THE FEASIBILITY STUDY AND THE PREPARATION OF A DESIGN CRITERIA PACKAGE. RECOMMENDATION The Administration recommends that the City Commission approve the resolution. ANALYSIS On April 26, 2017, the City Commission adopted Resolution No. 2017-29843 directing the City Administration to proceed with a consultant service order engaging Desman, Inc. (Desman), a mixed-used garage specialty consultant, to prepare a feasibility study and subsequent Design Criteria Package (DCP) for a mixed-used parking garage structure, including a new recreational park with a skate park and community use space, at the 72nd Street municipal parking lot (P-92). The existing surface parking lot (Attachment A), measuring approximately 3.8 acres, could serve as a connection between the North Shore Park and Youth Center and Bandshell Park. The Consultant and City staff from Parks and Recreation, Planning and the Office of Capital Improvements (CIP), proceeded to explore programming requirements for the new facility. On March 7, 2018 the City Commission accepted the recommendation of the Finance and Citywide Projects Committee (FCWPC)to include a 50-meter competition swimming pool (aquatic complex) to the feasibility study for the proposed 72nd Street Park, Library and Aquatic Center(Project). On June 8, 2018 the FCWPC heard a presentation showcasing four (4) conceptual options, developed by Desman, for the proposed Project. The FCWPC recommended the following items: • Delete the all-wheels skate park and relocate to the West Lots • Library component is mandatory • Locate running track at grade •Addition of resiliency and provide an active park in lieu of passive park During the development of the feasibility study Desman, utilizing local market and similar project cost data, provided a conceptual project cost estimate for various schemes ranging in costs in Page 1079 of 1288 excess ot $bUM. In the case ot a teasibility study such as this one, since the project has not yet been designed, Desman followed standard industry best practices and relied on general assumptions, code requirements and historical data to determine pricing for each of the elements. On July 20, 2018, the City Commission held a General Obligation Bond (GO Bond)Workshop and discussed project scope and cost, to be included in the GO Bond. During that meeting, the City Commission reviewed the conceptual total cost estimate of $60M proposed for the Bond. It was determined that the project would proceed on the GO Bond with a reduced project budget of$50M for the facility. In addition, $3.8M was added for the implementation of resilient strategies, resulting in a total project budget of$53.8M. On July 25, 2018 the City Commission further discussed the scope and cost of the Project to be included in the General Obligation Bond. The scope of work was noted to include a parking garage, with a maximum of 500 parking spaces, civic and commercial space at the ground Level, a recreational park, roof-top 50-meter competition pool, 25-meter warm-up pool and support facilities, a 5,000-10,000 sf Library/Media Center and a 7,500 sf upscale fitness gym with a running track. Resiliency strategies that may be implemented in this project include resilient storm water retention and re-use system, solar electric power, energy efficient lighting and an activated roof level with green roofing system. On November 6, 2018, the GO Bond Program was approved by the residents, including $53.8M for the project (Attachment B). As a result of the GO Bond discussions and resulting approval by the residents, Desman was directed to evaluate the feasibility study, and examine potential schemes incorporating the revised programming, as approved in the GO Bond Program. The feasibility study includes massing diagrams which examine spatial requirements of each of the program elements, the spatial relationships and beneficial adjacencies, against the planning, zoning and site constraints. On June 14, 2019, the FY2020 Preliminary Capital Budget was presented to FCWPC. During that presentation, the funding for the 72nd Street Park, Library and Aquatic Center, and a potential path to allocating the shortfall, was discussed. The Committee asked staff to provide additional details on the cost estimates for the project, the potential impact to the scope of the project at the lower budget allocation and estimated Operation and Maintenance costs, and bring the item to the July 19th meeting. Cost Estimates After the GO Bond passed, the project team re-evaluated the project estimate resulting in an updated total project cost estimate of approximately$64.4M (Attachment C), based on maximizing programming elements described in the GO Bond. There is a projected budget shortfall of approximately $10.6M, as compared to the total project conceptual cost estimate of $64.4M. The table below shows a comparison of the conceptual total cost estimate, GOB Approved Budget and the Variance between the two costs. PROJECT SCOPE: ESTIMATE GOB APPROVED VARIANCE 1. Parking Garage $27.2M $22.7M ($4.5M) 2. Civic/Commercial $ 9.1 M $ 7.7M ($ 1.4M) • Civic/Commercial Space • Community Center • Fitness Gym and Running Track Z Di.hlir. I ihrnnimAorli." ('o,4or d` Q C.RA @ 7 nu fe I L-.RA\ Page 1080 of 1288 J. r U►JIIV LILA CII y/IVIGUIQ VGI ILG1 yl V.JIVI yl ! .VIVI kap I.VIVI) 4. Recreational Park $ 1.1M $ 1.1M 5.Aquatic Complex $ 9.0M $ 7.0M ($ 2.0M) • Competition Pool • Competition Warm-up Pool • Sports Lighting for Pools 6. Sitework $ 9.5M $ 8.3M ($ 1.2M) • Site Work • Utilities • Sustainability and Resiliency TOTAL $64.4M $53.8M ($10.6M) Impact To Scope At Current$53.8M Budget The project team has identified potential scope reductions, lowering the project cost, to meet available budget. All components would continue to fulfill the program and description provided in the GO Bond Program. Potential reductions in scope and cost include the following items: • Reduce parking spaces from 500 spaces to 400 spaces ($5.4M savings) • • Reduce Community Room from 5,000 sf to 3,000 sf($0.6M savings) • Reduce Library from 10,000 sf to 5,000 sf($4.2M savings) Some of the program elements for the proposed facility allow some flexibility in determining spatial requirements. The project team has examined possible variations in those elements and has determined the potential budget impact to the Project. Key elements with variability include Parking, Community Center and Library. • The cost of a 400 space garage would be $21.7M ($5.4M savings), a 500 space garage would cost$27.1 M ($0 savings)and a 600 space garage would cost$32.6M ($5.4M add). • The cost to construct a 5,000 sf Community Center would be $1.6M ($0 savings)and a 3,000 sf Community Center would cost$1.0M ($0.6M savings). • The cost to construct a 10,000 sf Library would be $8.5M ($0 savings)and a 5,000 sf Library would be $4.2M ($4.3M savings). O&M Costs The initial estimate for operating and maintenance (O&M) costs of the facility that were provided during the G.O. Bond process was $2.5 million. Based on more refined calculations, the amount has been revised to $2.2 million. This amount is offset by an estimated $500,000 of revenue from the recreational elements of the facility for an estimated net expense of$1.7 million. Additional revenue of $315,000 is estimated for rental of the retail space components that is recommended to be programmed for property management costs. Revenue from the use of the parking garage is planned to be used to cover costs of operating and maintaining the garage. Funding Options There are two recommended approaches for funding the $10.6M gap in funding for the 72nd Street project as shown below. Option#1 would realign funding of$10.4M currently in the Parking Operating Fund set aside for the or000sed North Beach Town Center oroiect with$128K of fundina from the 7th Street Garaae fund Page 1081 of 1288 I balance. Estimated Funding Gap $10,600,000 Parking Operating Fund for North Beach Town Center Project -10,421,704 7th Street Garage Available Fund Balance -128,296 Total $0 Option #2 would realign $7.7M of the $10M of Resort Tax funds in the Transportation Capital Initiatives project with the remaining $2.9M coming from the 7th Street Garage fund balance. Estimated Funding Gap $10,600,000 7th Street Garage Available Fund Balance -2,900,000 Resort Tax Funds - Transportation Capital Initiatives Project - _6,300,000 Parking Garage @ 23% Resort Tax Funds - Transportation Capital Initiatives Project - _1,400,000 Aquatic Complex @15% Total $0 CI P has continued to explore potential efficiencies and additional costs savings measures. On July 2, 2019, City staff met with representatives of Florida Power and Light to discuss the possibility of re-routing the power (transmission) lines that currently transect the project site. This could provide more flexibility for the ultimate design and would remove or reduce potential overhead obstructions. FPL will begin the process of providing a non-binding cost estimate to relocate the overhead power lines. Once the potential costs of relocating the power lines is identified, the project team will evaluate the benefits to the project. On July 19, 2019, the City's Finance and Citywide Projects Committee resolved to recommend to the City Commission, that the project proceed with the completion of the feasibility study and the design criteria package, including the program and scope as described in the GO Bond item. The Committee further recommended that the funding shortfall be closed through the use of the Parking Operating Fund set aside for the proposed North Beach Town Center project with $128K of funding from the 7th Street Garage fund balance (option 1). However, the Committee asked staff to pursue value engineering through efficiencies in shared uses, in order to conserve as much budget as possible, and provide additional parking spaces, delivering the project for a final cost between $60M and $64.4M. CONCLUSION The Administration recommends that the City Commission approve the resolution. Legislative Tracking Office of Capital Improvement Projects Sponsor Commissioner Aleman ATTACHMENTS: Page 1082 of 1288 Description ❑ Attachment A ❑ Attachment B ❑ Attachment C ❑ Attachment D ❑ Resolution Page 1083 of 1288 i (MI Ell I. ,'' Go ,„ , , /Et , isty i . , , .=_.._. , ,„ , ii----Ir / • • . `` �', - MIAMIBEACH r` `� �i �, •1 72ND STREET PARK, LIBRARY, & AQUATIC CENTER ,' • J YOUR VOICE, IN ACTION! Project Location ________ .. ,-. _ „ ,,... ... .. , i Ill ';1. '. 4-'.4.-,.. ., - . . 4-.— IL, "tie,' i L 7 4 ----,...._...„_____ .• k L+' ` r. v_ -46r."–... - $.T. v iii .""'s.ae ya Gam_' . r� / , . ; . �/� v.. .__.-- ,,-"tel _.-eF-,'`c.,,, . •,s ..w.9►•-- S'._ ,,,„;0, -. ✓. `. eim,• 'w F M• CY y 1 ,' - 'l y ,t ;' 41, -.., `.7 t�` e i ,`` s '-may. ,*, ,,-.,2X ''''''N,‘„„ ";,- ' , -, '=� tl -- `!f n i 'S <.. \ 7 ... r -- r., y 3 '- r • •' ct ilac 1. .. i ' � t — f, \; \Nr ` '3 '' fr, - • t` it Southwest View Southeast View Northeast View May 16, 2019 MIAMI BEAC H GO PARKS, RECREATIONAL., AND CULTURAL FACILITIES ` M\M BEACH GENERAL OBLIGATION BOND PROJECT: 72ND STREET PARK, LIBRARY, & AQUATIC CENTER COST: $53.8 MILLION Department: Capital Improvement Projects The City Commission and the Finance and Citywide Projects Committee recommended a feasibility study for the construction of a New Recreational Park, Parking Garage and Community Use Space in the North Shore area. The Commission as well as the Neighborhoods and Community Affairs Committee preferred location was at the 72nd Street Municipal Parking lot (P-92) located between 72nd and 73rd Streets and between Collins and Harding Avenues. The commencement for a feasibility study and preparation of renderings was approved by the City Commission and a consultant was engaged to work on programming options. The project included a parking garage with a maximum of 500 parking spaces, to replace the current 318 spaces and additional spaces as required by project programming, Civic and Commercial space at the ground level, and a new recreational Park. After subsequent meetings and review with the various City Committees and Commissioners the project program was modified to include a roof-top Competition Pool, warm-up pool and support facilities, a new 5,000 -10,000sf Library/Media Center, and a 7,500sf Upscale Fitness Gym with a running track. Resiliency Strategies that may be implemented in this project include, resilient stormwater retention and re-use system, solar electric power, energy efficient lighting and an activated roof level with green roofing system. Parking Garage $22.7 M Civic/ Commercial $ 7.7 M Public Library/Media Center $ 7.0 M Park Development $ 1.1 M Aquatic Complex $ 7.0 M Sitework/Utilities/Resiliency $ 8.3 M TOTAL $53.8 Million www.GOMB20r1�f8.com PUBLIC INFORMATION PR99d9P1�►tll' 112ITY OF MIAMI BEACH 1 6 -t `ice#i l i r/ i GO r .=.__. \\,‘IitilA -rr---ir i • • i K.,.. MIAM1BEACH / 72ND STREET PARK, LIBRARY, & AQUATIC CENTER '\ti---- YOUR VOICE: , IN ACTION! Order of Magnitude Estimate , April 18,2019 Construction Costs Item, Quantity Unit Unit Cost Estimated Cost Soft Cost Total Cost •..... 1 Site Work 1 LS $ 1,745,000.00 $ 1,745,000.00 $ 610,750.00 $ 2,355,750.00 I j 2 Utilities 1 LS $ 2,455,000.00 $ 2,455,000.00 $ 859,250.00 $ 3,314,250.00 _ _ 3 Parking Garage 500 Spc $ 40,250.00 $ 20,125,000.00 $ 7,043,750.00 $ 27,168,750.00 4 Library/Media Center 10000 SF $ 626.00 $ 6,260,000.00 $ 2,191,000.00 $ 8,451,000.00 5 50-meter Competition Pool 1 LS $ 4,380,000.00 $ 4,380,000.00 $ 1,533,000.00 $ 5,913,000.00 ' 6 25-meter Competition Warm-up Pool 1 LS $ 1,750,000.00 $ 1,750,000.00 $ 612,500.00 $ 2,362,500.00 7 Community Center 5000 SF $ 235.00 $ 1,175,000.00 $ 411,250.00 $ 1,586,250.00 8 Civic/Commercial Space( 1 LS $ 1,720,000.00 $ 1,720,000.00 $ 602,000.00 $ 2,322,000.00 9 Fitness Gym and Running Track 7500 SF $ 519.00 $ 3,892,500.00 $ 1,362,375.00 $ 5,254,875.00 I I 10 Green Space 77000 SF $ 10.50 $ 808,500.00 $ 282,975.00 $ 1,091,475.00 11 Sports Lighting for pools 1 LS $ 569,196.43 $ 569,196.43 $ 199,219.00 $ 768,415.00 12 Sustainability and Resiliency Elements 1 LS $ 2,814,815.00 $ 2,814,815.00 $ 985,185.00 $ 3,800,000.00 $ - $ - _ Total $ 47,695,011.43 $ 16,693,254.00 $ 64,388,265.00 MIAMI BEACH i s if 4I Il \ l li I_!, 1 i l I - "1111.1•110"1111.1•110rl 7 .l, 72ND STREET PARK, LIBRARY, & AQUATIC CENTER _`" -` YOUR VOICE, IN ACTION! Project Schedule DESIGN-BUILD + 72nd ST PARK&PARKING GARAGE-DB I. T_ J, YEAR 1 f YEAR 2 YEAR 3 I YEAR 4 1 PLANNING L_ _-_ Punning DCP DEVELOPMENT DCP ' SELECTION OF DESIGN BUILDER Selection of Design Builder DESIGN/PERMITTING/CONSTRUCTION Design/Construction May 16, 2019 MIAMIBEACH Page 1087 of 1288 RESOLUTION NO. A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE FINANCE AND CITYWIDE PROJECTS COMMITTEE REGARDING THE 72 STREET PARK, LIBRARY AND AQUATIC CENTER; AND AUTHORIZING THE ADMINISTRATION TO PROCEED WITH THE COMPLETION OF THE FEASIBILITY STUDY AND THE PREPARATION OF A DESIGN CRITERIA PACKAGE. WHEREAS, on April 26, 2017, the City Commission adopted Resolution No. 2017-29843 directing the City Administration to proceed with a consultant service order engaging Desman, Inc., a mixed-used garage specialty consultant, to prepare a feasibility study and subsequent Design Criteria Package (DCP) for a mixed-used parking garage structure, including a new recreational park with a skate park and community use space, at the 72nd Street municipal parking lot (P-92); and WHEREAS, on March 7, 2018 the City Commission accepted the recommendation of the Finance and Citywide Projects Committee to include a 50-meter competition swimming pool to the feasibility study for the proposed 72nd Street Park, Library and Aquatic Center; and WHEREAS, during the development of the feasibility study, utilizing local market and similar project cost data, Desman provided a conceptual project cost estimate for various schemes ranging in costs in excess of $60M and, in the case of a feasibility study such as this one, since the project has not yet been designed, Desman followed standard industry best practices and relied on general assumptions, code requirements and historical data to determine pricing for each of the elements; and WHEREAS, On July 20, 2018, the City Commission held a General Obligation Bond Workshop and discussed project scope and cost, to be included in the GO Bond, and during that meeting, the City Commission reviewed the conceptual total cost estimate of $60M proposed for the Bond. WHEREAS, the City Commission determined that the project would proceed on the GO Bond with a reduced project budget of $50M for the facility, and $3.8M for the implementation of resilient strategies, resulting in a total project budget of$53.8M; and WHEREAS, the scope of work for the General Obligation Bond was noted to include a parking garage, with a maximum of 500 parking spaces, civic and commercial space at the ground Level, a recreational park, roof-top 50-meter competition pool, 25-meter warm-up pool and support facilities, a 5,000-10,000 sf Library/Media Center and a 7,500 sf upscale fitness gym with a running track, and resiliency strategies that could include resilient storm water retention and re-use system, solar electric power, energy efficient lighting and an activated roof level with green roofing system; and WHEREAS, On November 6, 2018, the GO Bond Program was approved by the residents, including $53.8M for the project; and WHEREAS, upon passing of the GO Bond passed, the project team re-evaluated the project estimate resulting in an updated total project cost estimate of approximately$64.4M and a projected budget shortfall of approximately$10.6M; and WHEREAS, the initial estimate for operating and maintenance (O&M) costs of the facility that were provided during the G.O. Bond process was $2.5 million, and based on more refined calculations,the amount has been revised to$2.2 million, and this amount is offset by an estimated Page 1088 of 1288 $500,000 of revenue from the recreational elements of the facility for an estimated net expense of $1.7 million; and WHEREAS, additional revenue of $315,000 is estimated for rental of the retail space components that is recommended to be programmed for property management costs. Revenue from the use of the parking garage is planned to be used to cover costs of operating and maintaining the garage; and WHEREAS, there are two recommended approaches for funding the $10.6M gap in funding for the 72nd Street project where Option 1 would realign funding of$10.4M currently in the Parking Operating Fund set aside for the proposed North Beach Town Center project with $128K of funding from the 7th Street Garage fund balance, and Option 2 would realign $7.7M of the $10M of Resort Tax funds in the Transportation Capital Initiatives project with the remaining $2.9M coming from the 7th Street Garage fund balance; and WHEREAS, the anticipated duration for the project is approximately four years, allowing for public outreach, further refinement of the program elements and completion of the feasibility study, and then continue with the preparation of the DCP, procurement of design builder, design, permitting and construction; and WHEREAS, on July 19, 2019, The City's Finance and Citywide Projects Committee resolved to recommend to the City Commission, that the project proceed with the completion of the feasibility study and the design criteria package, including the program and scope as described in the GO Bond item, and further recommended that the funding shortfall be closed through the realignment of the Parking Operating Fund set aside for the proposed North Beach Town Center project with $128K of funding from the 7th Street Garage fund balance; and WHEREAS, the Committee asked staff to pursue value engineering through efficiencies in shared uses, in order to conserve as much budget as possible, and provide additional parking spaces, delivering the project for a final cost between $60M and $64.4M. 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 Finance and Citywide Projects Committee regarding the program and budget of the 72 Street Park, Library and Aquatic Center; and authorize the Administration to complete the feasibility study and commence the development of the design criteria package. PASSED and ADOPTED this day of , 2018. DAN GELBER, MAYOR ATTEST: RAFAEL E. GRANADO, CITY CLERK Page 1089 of 1288