LTC 194-2004 Miami-Dade County General Obligation Bond
CITY OF MIAMI BEACH
Office of the City Manager
Letter to Commission No. 194-2004
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To:
Mayor David Dermer and
Members of the City Commission
From: Jorge M. Gonzalez \:~ L/
City Manager \J
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Subject: MIAMI-DADE COUNTY GENERAL OBLIGATION BOND
Date: July 27,2004
At a special meeting on Tuesday, July 20, the Board of County Commissioners approved
eight (8) ballot questions (attached) that will go before voters at the November 2 general
election to determine the fate of the County's proposed $2.75 billion General Obligation
Bond (GOB) issue. Five of the resolutions passed 9-1; the three other resolutions passed
10-0. As approved, due to additional requests by the commissioners at the meeting, the
proposed total amount of the bond issue is $2.925 billion. The County Manager stated that
the additional capacity was available because the Florida Supreme Court recently struck
down a proposal to double the property tax homestead exemption.
The ballot questions propose funding for improvements in the following project areas:
water, sewer and flood control; park and recreational facilities; bridges, public infrastructure
and neighborhoods; public safety facilities; emergency and healthcare facilities; public
services outreach and facilities; housing for the elderly and working families; and cultural,
library and multi-cultural educational facilities. If approved, construction of the various
projects would take place over the next 10 to 15 years without raising existing millage
rates.
In addition to $55 million for the Miami Beach Convention Center, the proposed bond
includes $26,954,000 for projects in Miami Beach (attached). The Wolfsonian/FIU is also
proposed to receive $10 million. The bond includes $17.5 million for beach renourishment,
of which $12.5 million is for projects in County Commission Districts 4 (Barreiro), 5
(Heyman), and 7 (Morales), as well as funding for affordable housing and health care.
If you have any questions, please do not hesitate to contact me.
JMG\CMC/kc
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c: Christina M. Cuervo, Assistant City Manager
Robert Middaugh, Assistant City Manager
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BALLOT QUESTIONS AND TOTAL AMOUNTS
Question #1 - To Construct and Improve Water, Sewer and Flood Control Systems
($378,183,000)
Question #2 - To Construct and Improve Park and Recreational Facilities
($680,258,000)
Question #3 - To Construct and Improve Bridges, Public Infrastructure and
Neighborhood Improvements ($352,182,000)
Question #4 - To Construct and Improve Public Safety Facilities ($341,087.000)
Question #5 - To Construct and Improve Emergency and Healthcare Facilities
($171,281,000)
Question #6 - To Construct and Improve Public Services Outreach and Facilities
($255,070,000)
Question #7 - To Construct and Improve Housing for the Elderly and Families
($194,997,000)
Question #8 - To Construct and Improve Cultural, Library and Multicultural Educational
Facilities ($552,692,000)
Page 1 of 2
PROJECTS WITHIN THE CITY OF MIAMI BEACH
Project
Lummus Park
South Pointe Park
Beach Maintenance Facility
Beachfront Restrooms
Flamingo Park
Normandy Shores Golf Course
Band Shell Park
Scott Rakow Youth Center
41 st Street Phase II Bridge Repair/Restoration
Fire Station #2 EOC and Historic Restoration
Fire Station #4
South Shore Community Center
Flagler Memorial Monument
Monument Island
North Shore Branch Library
Historic City Hall
GOB Funding
$7,000,000
$5,000,000
$500,000
$250,000
$3,099,000
$1,000,000
$1,500,000
$1,000,000
$750,000
$2,000,000
$1,000,000
$500,000
$250,000
$750,000
$355,000
$2,000,000
$26,954,000
TOTAL
Miami Beach Convention Center
Improvements to the Wolfsonian
$55,000,000
$10,000,000
TOTAL WITH CONVENTION CENTER AND WOLFSONIAN $91,954,000
Beach Erosion Mitigation and Renourishment Project
$17,500,000
Page 2 of 2
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