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669-2022 RDA RESOLUTION NO.. 669-2022 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 2022, AS SET FORTH IN ATTACHMENTS A, "PROJECTS"; B"SOURCE OF FUNDS";AND C"PROGRAMS." WHEREAS, on September 30, 2021, the final RDA Capital Improvement Plan for the Fiscal Years 2022 - 2026 and the final RDA Capital Budget for FY 2022 were adopted via Resolution No. 659-2021; and WHEREAS, on February 9, 2022, the First Amendment to the RDA Capital Budget for FY 2022 was adopted via Resolution No. 667-2022; and WHEREAS, on April 6, 2022, the Second Amendment to the RDA Capital Budget for FY 2022 was adopted via Resolution No. 668-2022; and WHEREAS, it is recommended by the Administration that the FY 2022 RDA Capital Budget be amended to re-appropriate $238,000.00 as highlighted in Attachments A, "Projects"; B, "Source of Funds"; and C, "Programs." 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 adopt the Third Amendment to the RDA Capital Budget for Fiscal Year 2022 as set forth in Attachments A, "Projects"; B, "Source of Funds"; and C, "Programs." PASSED AND ADOPTED this 22nd day of June 2022. /32- 1-----___ ATTEST: (ve Dan Gelber, Mayor 01;........... Rafael . Granado, City Clerk - I ""`'° :, IN(O P OitATED= APPROVED AS TO FORM&LANGUAGE &FOR EXECUTION City Attorney Date—`` ATTACHMENT A FY 2022 RDA CAPITAL BUDGET PROJECTS AMENDED 6/22/2022 Amended Revised Capital Capital Project Name FY 2022 Amended 6/22/2022 • Capital Budget Budget 16th Street Garage HVAC Renewal 34,000.00 20,000.00 54,000.00 (Project#62422) 16th Street Garage Stairways (Project#61818) 101,200.00 (20,000.00) 81,200.00 Penn Garage-New Lighting Display 135,000.00 218,000.00 353,000.00 (Project#64319) Penn Garage- Elevator Renewal 218,000.00 (218,000.00)(Project#20025) Total $ 488,200.00 $ - $ 488,200.00 NOTE: (i)$20,000 of funding from the 16th Street Garage Stairways project will be transferred to the 16th Street HVAC renewal project. (ii)$218,000 of funding from the Penn Garage-Elevator Renewal project will be transferred to the Penn Garage-New Lighting Display project ATTACHMENT B • FY 2022 RDA CAPITAL BUDGET SOURCE OF FUNDS AMENDED 6/22/2022 Amended Funding Source FY 2022 Amended 6/2212022 Revised Capital Capital Budget Budget RDA Series 2015A $ 350,000.00 - $ 350,000.00 RDA City Center Capital Fund 27,100,000.00 - 27,100,000.00 RDA Garages 1,098,000.00 - 1,098,000.00 RDA Anchor Shops Fund - - - Penn Garage Fund 616,000.00 - 616,000.00 Total Appropriation as of 6122/2022 $ 29,164,000.00 r$ - $ 29,164,000.00 NOTE: (i)$20,000 of funding from the 16th Street Garage Stairways project will be transferred to the 16th Street 14VAC renewal project. (ii)$218,000 of funding from the Penn Garage-Elevator Renewal project will be transferred to the Penn Garage-New Lighting Display project ATTACHMENT C FY 2022 RDA CAPITAL BUDGET PROGRAMS Amended Amended Revised Capital Program Area FY 2022 Capital Budget 6/22/2022 Budget Convention Center $ 14,550,000.00 - $ 14,550,000.00 Parking Garages 1,714,000.00 - 1,714,000.00 Transit/Transportation 12,900,000.00 - 12,900,000.00 Total Appropriation as of 6/22/2022 $ 29,164,000.00 $ - $ 29,164,000.00 NOTE: (i)$20,000 of funding from the 16th Street Garage Stairways project will be transferred to the 16th Street HVAC renewal project. (ii)$218,000 of funding from the Penn Garage-Elevator Renewal project will be transferred to the Penn Garage-New Lighting Display project Redevelopment Agency -RDA 1. MIAMI BEACH COMMISSION MEMORANDUM TO: Honorable Mayor and Members of the City Commission FROM: Nina T. Hudak, City Manager DATE: June 22, 2022 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 2022, AS SET FORTH IN ATTACHMENTS A, "PROJECTS"; B "SOURCE OF FUNDS"; AND C "PROGRAMS." SUPPORTING SURVEY DATA N/A FINANCIAL INFORMATION See attached memorandum. Applicable Area Citywide Is this a"Residents Right Does this item utilize G.O. to Know" item. pursuant to Bond Funds? City Code Section 2-14? Yes No Strategic Connection Organizational Innovation- Ensure strong fiscal stewardship. Legislative Tracking Office of Management and Budget. ATTACHMENTS: Description o Memo-3rd Amendment to the FY 2022 RDA Capital Budget D Resolution Page 1211 of 1232 MIAMI 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: Alina.T. Hudak, City Manager DATE: June 22, 2022 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 2022 AS SET FORTH IN ATTACHMENTS A, "PROJECTS"; B, "SOURCE OF FUNDS"; AND C "PROGRAMS. STRATEGIC PLAN SUPPORTED Organizational Innovation —Ensure strong fiscal stewardship 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 2022 — 2026 RDA Capital Improvement Plan and FY 2022 RDA Capital Budget was adopted on September 30, 2021 by Resolution No. 659-2021. The First Amendment to the FY 2022 RDA Capital Budget was adopted on February 9, 2022 by Resolution No.667-2022. The Second Amendment to the FY 2022 RDA Capital Budget was adopted on April 6, 2022 by Resolution No.668-2022. Page 1212 of 1232. Third Amendment to the Redevelopment Agency FY 2022 Capital Budget June 22, 2022 Page 2 of 2 THIRD AMENDMENT TO THE FY 2022 RDA CAPITAL BUDGET The Third Amendment to the FY 2022 RDA Capital Budget reflects a re-alignment of$238,000.00 for the following capital projects: 1. 16th Street HVAC Renewal: The Anchor(16th Street Garage)has several HVAC units which are beyond their useful life. Due to material cost increases,the bids received for the HVAC renewal are in excess of the budget by $20,000.00. This proposed amendment will allow for the completion of this project, which is important for the continuation of operations at the parking garage. This proposed budget amendment would appropriate the $20,000.00 of funds previously appropriated to the 16th Street Garage Stairways project through the RDA Garages fund balance(Fund 463). The 16th Street Garage Stairways project(61818) was completed with savings. Prior Years'Appropriations (RDA Funds Only) $34,000.00 June 22, 2022 RDA Budget Amendment 20,000.00 Proposed Total Appropriations $54,000.00 2. Penn Garage— New Lighting Display: This project includes the replacement of all first-generation fixtures at the Penn Garage. The bids received for the Penn Garage — New Lighting Display project are in excess of the current budget of $135,000.00. The project will enhance the lighting of the garage, creating a safer environment residents and visitors. This proposed budget amendment would appropriate$218,000.00 of funds previously appropriated to the Penn Garage Elevator Renewal project through the Penn Garage fund balance (Fund 467). The elevator at Penn Garage is currently in good operating condition and as a result, the project to replace the Penn Garage elevator(20025) is not necessary at this time. Prior Years'Appropriations (RDA Funds Only) $135,000.00 June 22, 2022 RDA Budget Amendment 218,000.00 Proposed Total Appropriations $353,000.00 ATH/JW/TOS Page 1213 of 1232