Resolution 2023-32614RESOLUTION NO 2023-32614
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, AMENDING RESOLUTION NO. 2020-31604,
WHICH CREATED THE "MIAMI , BEACH RESILIENCY FUND," AND
APPROVED THE ALLOCATION OF $666,666.66 FROM THE MIAMI BEACH
RESILIENCY FUND FOR A PRIVATE PROPERTY FLOODING AND SEA
LEVEL RISE ADAPTATION PROGRAM, FOR FY2020, AND UP TO
$666,666.66 ANNUALLY THEREAFTER UNTIL FY 2024; SAID
AMENDMENT EXTENDING THE ALLOCATION OF $666,666.66 F.OR THE
PRIVATE. -PROPERTY ADAPTATION PROGRAM FOR ONE (1) ADDITIONAL
YEAR,' THROUGH FY 2025.
WHEREAS, on .or about January 20, 2015, the City and Miami -Dade County
("County") executed an Amended and Restated Interlocal Cooperation Agreement
("Interlocal Agreement"), approved by the City pursuant to Resolution No. 2014-28836, which
Interlocal. Agreement, among other terms, removed restrictions with regard to certain payments
previously received by the City for capital projects within the former South Pointe Redevelopment
Agency geographic area, as well as payments the City, would continue to receive under
Section V.A of the Interlocal Agreement until 2022, with the intent that the City would use such
funding for sea level rise mitigation or other projects in the City (the "ILA Funds"); and
WHEREAS, the City Commission subsequently earmarked the ILA Funds for
stormwater. capital projects to offset the need for an additional stormwater rate increase
needed for the third $100 million in planned stormwater capital projects. The Financial
Feasibility Report developed for the 2017 Stormwater Bonds (the second $100 million
tranche) included an anticipated $103 million from this funding source, .with 'the actual
amounts to be received dependent on growth in property values. The Engineer's Report
developed by AECOM for the 2017 Stormwater Bonds estimated the total cost of the
Stormwater program at $658.9 million; and
WHEREAS, since January 20, 2015, when the Interlocal Agreement was executed, the
ILA Funds (residing in Fund No. 320 and Fund No. 433) amount to approximately $68 million,
of which $5.7 million has been spent, $24.2 million is committed, and $38 million is
uncommitted; and
WHEREAS, by 2022, the year the City receives the final payment of ILA Funds from the
County pursuant to the Interlocal Agreement, the City estimates receiving an additional $35
million in ILA Funds, with actual amounts to be received dependent on growth in property
values; and
WHEREAS, in 2020, the Mayor and City Commission adopted Resolution No. 2020-
31504, creating a "Resiliency Fund," as part of the City Commission's efforts to plan, prioritize,
and identify funding for City-wide infrastructure resilience projects, including road elevation
projects, new stormwater infrastructure incorporating stormwater treatment systems, and
projects to reduce flood -risk due to sea level rise, high tides, rainfall, and storms; and
WHEREAS, the Miami Beach Resiliency Fund consisted of the $38 million of existing
uncommitted ILA Funds, as well as allfuture ILA Fund payments to be received from Miami -
Dade County, with the total estimated funding in the Miami Beach Resiliency Fund to approximate
$68 million by 2022; and
WHEREAS, the Mayor and City Commission also approved the allocation of
$666,666.66 for FY2020 from the Miami Beach Resiliency Fund, for a Private Property
Flooding and Sea Level Rise Adaptation Program, and up to $666,666.66 annually thereafter
until FY 2024; and
WHEREAS, the Mayor and City Commission wish to amend Resolution No. 2020-
31504, to extend the allocation of $666,666.66 for the Private Property Adaptation Program
one (1) additional year, through. FY 2025.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND THE CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City
Commission hereby amend resolution No. 2020-31504, which created the "Miami Beach
Resiliency Fund," and approved the allocation of $666,666.66 from the Miami Beach
Resiliency Fund for the Private Property Flooding And Sea Level Rise Adaptation Program
for FY 2020, and up to $666,666.66 annually thereafter until FY 2024; said amendment
extending the allocation of $666,666.66 for the Private Property Adaptation Program for one
(1) additional year, through FY 2025.
PASSED AND ADOPTED this 11
ATTEST:
MAY 2 2 2023
Rafael . Granado, City Clerk
day of `k4y , 2023.
Dan Gelber, Mayor
NCO RP&ORATE
(Sponsored by Commissioner Laura Dominguez)
APPROVED AS TO
FORM & LANGUAGE
&. FOR EXECUTION
clh--111
City Attorney,,./
kv
2
Date
Resolutions C7 Q
r
MIAMIBEACH
'COMMISSION MEMORANDUM
TO' Honorable Mayor and Members of the City Commission
FROM: Rafael A. Paz, City Attorney
DATE: May 17, 2023
SUBJECT: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA,
AMENDING RESOLUTION NO. 2022-31504, WHICH CREATED THE "MIAMI BEACH RESILIENCY FUND,"
` AND APPROVED THE ALLOCATION OF $666,666.66 FROM THE MIAMI BEACH RESILIENCY FUND FOR A
PRIVATE PROPERTY FLOODING AND SEA LEVEL RISE ADAPTATION PROGRAM FOR FY2020, AND UP
TO $666,666.66 ANNUALLY THEREAFTER UNTIL FY 2024; SAID AMENDMENT EXTENDING THE
ALLOCATIONOF $666,666.66 FOR THE PRIVATE PROPERTY ADAPTATION PROGRAM FOR ONE (1)
ADDITIONAL YEAR, THROUGH FY2025.
ANALYSIS',
Pursuant to the request of Commissioner' Laura Dominguez, the above -referenced Resolution is submitted for consideration by the
Mayor and City Commission at the May 17, 2023 Commission meeting.
SUPPORTING SURVEY DATA
N/A
FINANCIAL INFORMATION
The fiscal impacts of this item are set forth in the Resolution.
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
a
Legislative Tracking
Office of the City Attorney
Sponsor
Commissioner Laura Dominguez
ATTACHMENTS:
Description
D Resolution
s,
5