2000-24131 RESO
RESOLUTION NO. 2000-24131
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY
OF MIAMI BEACH, FLORIDA, APPROPRIATING THE AMOUNT OF
$2,093,000 FOR FUNDS REQUIRED TO OPERATE THE 7TH STREET AND
COLLINS AVENUE PARKING GARAGE FOR FISCAL YEAR 2000-2001,
AND ALSO TO REPAY THE PROPORTIONATE SHARE OF THE GULF
BREEZE LOAN POOL DEBT SERVICE.
WHEREAS, the public parking garage located at 7th Street and Collins Avenue
(Garage) is currently in operation; and
WHEREAS, an appropriation of funds for the Fiscal Year 2000-200 I budget,
in the amount of$813,453.00, is necessary to pay for the operating expenses of the
Garage; and
WHEREAS, an appropriation of funds is also necessary to repay the
proportionate share of the Gulf Breeze Loan Pool debt service which was used, in part,
to fund the construction of the Garage; and
WHEREAS, surplus revenues will be deposited in the Special Revenue Fund
to assure proper preventive maintenance, and the structural integrity ofthe Garage.
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 appropriate the amount of $2,093,000 for funds required
to operate the 7th Street and Collins A venue Garage, for Fiscal Year 2000-200 I and
also to repay the proportionate share of the Gulf Breeze Loan Pool debt service.
PASSED AND ADOPTED this 18th day of October, 2000.
~
MAYOR
ATTEST:
~t1~
CITY CLERK
APPROVED AS 10
FORM & LANGUAGE
& FOR EXECUTION
f4ti!6
/.0- r-dIJ
0..
F:IPING\$ALL\CHUCK\ 7THST.RES
CITY OF MIAMI BEACH
PARKING DEPT.
7TH STREET & COLLINS AVENUE
BUDGET - FY 00/01
ACCOUNT
NUMBER BUDGET
REVENUE
REVENUE 34404 $2,093,000
TOTAL REVENUE $2,093,000
OPERATING EXPENSES
TEMPORARY LABOR 000311 $0
MEDICARE 000165 $0
F.I.CA 000166 $0
PROFESSIONAL SERVICES 000312 $519,750
ELECTRICITY 000314 $31,500
TELEPHONE 000316 $263
WATER 000317 $4,190
SEWER CHARGES 000318 $735
SANITATION FEES 000319 $10,500
ADMINISTRATION FEES 000322 $62,790
PRINTING 000324 $10,500
CONTRACT MAINTENANCE 000325 $111,195
ADVERTISING 000327 $0
STORM WATER 000329 $2,205
OFFICE SUPPLIES 000341 $315
REPAIR/MAINTENANCE 000342 $49,140
OTHER OPERATING EXPENSES 000343 $9,530
LOCAL MILEAGE REIMBURSEMENT 000364 $0
DISCOUNTS EARNED 000396 $0
INTERNAL SERVICE - CENTER 000501 $315
INTERNAL SERVICE - COMMUNICATIONS 000504 $525
FURNITURE & FIXTURES 000671 $0
MACHINERY/EQUIPMENT 000674 $0
TOTAL OPERATING EXPENSES $613.453
NON OPERATING EXPENSES
RESERVE FOR REPLACEMENT 000999 $565,547
DEBT SERVICE
REDEMBT L T INTEREST 000720 $714,000
TOTAL NONOPERATING EXPENSES $714,000
TOTAL FOR DEPARTMENT $2,093,000
CITY OF MIAMI BEACH
CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139
httn-\\r.i mh:ami_h"'Al"':h f111~
COMMISSION MEMORANDUM NO. gOo - 0 0
TO:
Mayor Neisen O. Kasdin and
Members of the City Commission
DATE: October 18, 2000
FROM:
Jorge M. Gonzalez \ t~
City Manager (f. D
SUBJECT: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE
CITY OF MIAMI BEACH, FLORIDA, APPROPRIATING THE AMOUNT
OF $2,093,000 FOR FUNDS REQUIRED TO OPERATE THE 7TH STREET
AND COLLINS AVENUE PARKING GARAGE FOR FISCAL YEAR 2000-
2001, AND ALSO REPAY THE PROPORTIONATE SHARE OF THE GULF
BREEZE LOAN POOL DEBT SERVICE.
ADMINISTRATION RECOMMENDATION:
Adopt the Resolution.
ANALYSIS:
The funding for the construction of the 7th Street and Collins Avenue garage was accomplished by
utilizing the Gulf Breeze Municipal Loan Pool. The revenues collected will be used to pay operating
expenses and repay the debt service on the proportionate share of the loan. Surplus revenues will
be deposited in the Special Revenue Fund for the 7th Street Garage to ensure proper preventive
maintenance and structural integrity of the structure. The Parking Department is responsible for the
collection of the revenues which will be used to pay operating expenses and debt service. (Attached
is a breakdown of projected expenses for Fiscal year 2000-2001 for the 7th Street and Collins
Avenue Garage).
The operating budget in the amount of $2,093,000 is required to cover the operating expenses in the
amount of $813,453, debt service in the amount of $714,000 and reserve for replacement in the
amount of $565,547. In the event of any shortfall in projected revenues for the 7th Street Garage,
the difference shall be made up by funds from excess parking revenues.
JMG/C~/JYG/CA ~
T:IAGENDA \2000\OCT1800\REGULAR\7TH.BUD
AGENDA ITEM ~ I H
DATEJ 0-1 K -CD