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390-2001 RESO RESOLUTION NO. 390-2001 A RESOLUTION OF THE CHAIRMAN AND THE MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY, ADOPTING THE RECOMMENDATION OF THE FINANCE AND CITYWIDE PROJECT COMMITTEE, TO APPROPRIATE $1,415,000 IN AVAILABLE 1998B CITY CENTER TAX INCREMENT REVENUES TO FUND THE ESTIMATED SHORTFALL IN DEVELOPMENT BUDGET FOR THE EXPANSION AND RENOVATION OF THE COLONY THEATER. WHEREAS, on October 6,1999, the Mayor and City Conunission of the City of Miami Beach adopted Resolution No. 99-23348, authorizing the City to execute a Professional Services Agreement with the State of Florida, Department of Management Services (DMS) for construction management of the Colony Theater; and WHEREAS, on March 6, 2000, DMS authorized R.J. Heisenbottle (Architect), to proceed with programming and conceptual/advanced schematic design phases for the expansion and renovation of the Colony Theater; and WHEREAS, the programming phase involved an extensive process, during which input was received from the operator and users of the Colony Theater, the City's Historic Preservation Officer, Property Management and the Planning and Zoning Department; and WHEREAS, based on the information gathered, the Architect presented two alternative design concepts to address expansion of backstage areas, ADA requirements and other identified improvements; and WHEREAS, since the proposed design alternatives exceeded the available budget by a minimum of $1,614,514, the Administration worked with DMS and the Architect to value engineer the design; and WHEREAS, on December 15, 2000, the Architect presented two options involving a new design scheme; and WHEREAS, according to the Architect, the design cannot undergo further value engineering without adversely impacting the scope and purpose of the project; and WHEREAS, the Administration concurs with this assessment and reconunends proceeding with the first of the two options (Option "A"), involving the addition of 7,950 square feet to the Colony Theater, for a total estimated cost of $4,615,000; and WHEREAS, the project has secured financing through a combination of sources, totaling $2,200,000; and WHEREAS, the total anticipated cost of the project exceeds available funding by $2,424,711; and WHEREAS, in Fiscal Years 2001-2002 and 2002-2003, the Administration expects to receive an additional $ I ,000,000 in funds from the Florida Department of State, Cultural Facilities Grant Program, which is contingent upon a 2-for-1 match from the City and may include other grant funds; and WHEREAS, the Administration intends to use the National Park Service Award, in the amount of $700,000 as a portion of the match, and recommends appropriating $1,415,000 from available 1998B Tax Increment Revenue Bond funds to make up the difference and cover the cost of the project; and WHEREAS, on April 18, 2001, the RDA Board referred The Administration's request for funding to the City's Finance and Citywide Project Committee (Committee) for consideration; and WHEREAS, the Committee met on May 14, and voted in favor of appropriating the funds, subject to reaching a settlement on the acquisition of the American Riviera Real Estate Company ("Ablon") property as part ofthe Library site assemblage; and, WHEREAS, on May 30, a settlement was reached on the Ab10n parcel, resulting in the Committee reaffirming its decision to recommend the requested funding for the Colony Theater; and WHEREAS, the Committee also recommended to amend the Agreement with DMS to administer the project. NOW, THEREFORE, BE IT DULY RESOLVED BY THE CHAIRMAN AND MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY, that the Chairman and Members of the Miami Beach Redevelopment Agency herein appropriate $1,415,000 from available City Center 1998B Tax Increment Revenue Bond proceeds to fund the estimated shortfall in the development budget for the expansion and renovation ofthe Colony Theater. PASSED and ADOPTED this 27th day of June, 2001. fJ//II CHAIRMAN ATTEST: _~~ p OJ-CL- SECRETARY APPROVED AS TO FORM & LANGUAGE . 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" .! <( '" " ~ E ~ " 'Ii '" 16 ~ I t ~., ~! .1 Ol~ ~ "!i;! <..... ui 0:: ~;. f" W Ec ~ '< ~~ ~ w!!!.11 u :c ~';l ~ I- .ll~ :l >- u ~ ~ '~i. g ..J;!liS' z o dlciJ W u 'h ~ h= ~! ~ ., _..:_._..._.._.-""'~,........-.._~......_,~_..~..._,. , . .' t ~ ~ ~ t: ~ 1 ~. j , ~. ~ ~ ~ l': - ~ 0:: en';. e-o W t- ~ ,8 i I- 6 .. !l! ~H = Q) Ww ~ ijj :I: ~ . j i I-'W >- ~~ ~ , , z" t: < ., 9 It ~ ~ ~ Q) o '" " 'Ii ~ () o..~ [!! U} oS! " i :e ~ .; <::- ~ . ~ , ~ . ~ ~ ~ r------ I -~ I I ,-' r- I ! I ! ( -- j I '---- i j .!2 w w \ ~ € ~ , < ., i i \ I 0>> II Miami Beach Redevelopment Agency 1700 Conve"tion Center Drive Miami Beach, Florida 33139 Telephone: (305) 673- 7295 Fax: (305) 673- 7772 REDEVELOPMENT AGENCY MEMORANDUM NO. O,t- 3y June 27,2001 TO: Chairman and Members of the Miami Beach Redevelopment Agency FROM: Jorge M. Gonzalez ~~ Executive Director SUBJECT: A RESOLUTION OF THE CHAIRMAN AND MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY, ADOPTING THE RECOMMENDATION OF THE FINANCE AND CITYWIDE PROJECT COMMITTEE, TO APPROPRIATE $1,415,000 IN AVAILABLE 1998B CITY CENTER TAX INCREMENT REVENUES TO FUND THE ESTIMATED SHORTFALL IN DEVELOPMENT BUDGET FOR THE EXPANSION AND RENOVATION OF THE COLONY THEATER. ADMINISTRATION RECOMMENDATION Adopt the Resolution. ANALYSIS On October 6, 1999, the Mayor and City Commission adopted Resolution No. 99-23348, authorizing the City to execute a Professional Services Agreement with the State of Florida, Department of Management Services (OMS) for construction management of the Colony Theater. On March 6,2000, OMS authorized RJ. Heisenbottle (Architect), to proceed with programming and conceptual/advanced schematic design phases for the expansion and renovation of the Colony Theater. The programming phase involved an extensive process, during which input was received from the operator and users of the Colony Theater, the City's Historic Preservation Officer, Property Management and the Planning Department. Based on the information gathered, the Architect presented three alternative design concepts to address expansion of backstage areas, ADA requirements and other identified improvements. The alternatives involved expanding the Colony into and over the alley on the south side of the building, expanding below grade (basement), or S()UTti I)()I~J: l2edevel{)pment I)lstrict l!ede' Agenda Item 3D (j-J7-o/ Date expanding to the east by incorporating a portion of the adjacent privately owned property. Since the adjacent property was not for sale, the Architect focused on developing advanced schematics and related cost estimates for the two former alternatives, involving the basement scheme and the alley scheme. Given the extent of the improvements/enhancements identified during the programming phase, including but not limited to ADA and other code required modifications, performance and storage needs and the historic preservation scope, and given the size limitation of the existing structure, the Architect had to exercise significant creativity in developing the two designs. The Administration's position has always been that the project must be designed and built within the available budget, which as of the date of this report, comprises the following funding sources: County Cultural Arts Grant/PACT: ADA Improvements (Bond Fund 351) Florida Dept of State Cultural Facilities Grant: Cultural Arts Council Loan Nat'l Park Service - Save America's Treasures Grant: Total Budget: $ 775,000 $ 60,000 $ 500,000 $ 165,000 $ 700.000 $2,200,000 Less: Dept of Management Services Fees R.J. Heisenbottle Fees Total Expenses to Date: $ 49,900 $ 47,930 $ 97,830 Total Remaining Budget: $2,102,170 On September 21, the Architect presented the two schemes to City staff and DMS. The cost estimates (hard costs alone) were $3,924,949 for the basement scheme and $3,815,914 for the alley scheme, both of which exceeded the remaining budget by a minimum of $1,614,514. Both schemes involved approximately $800,000 in additional soft costs, and in the case of the alley scheme, an estimated additional $1.4 million to relocate utilities in the alley. Since this time, a number of additional meetings have been held with the operator of the Colony Theater, the City's Historic Preservation Officer, the Planning and Zoning, Property Management Directors and DMS Staff and the project's Architect to value engineer the design and attempt to scale back the project within budget. On December 15, 2000, the Architect presented a new scheme, which calls for the removal of the rear 45 feet of existing building, construction of a new stage house, small second and third floor service areas behind the stage, a fourth floor "Backstage" area, elevator, stairs, and the addition of a new vestibule and exterior access ramp to provide ADA access to the stage. The historic preservation scope involves removing the existing marquee and storefront on Lincoln Road to its original historic appearance and modifying the interior lobby, office and concession area to be more consistent with the building's original design. The Architect presented an A and B option for this scheme, involving different size additions to the facility. The" A" option involves the addition of 7,950 square feet and is the least costliest of the two, at approximately $3.6 Million. The "B" option comprises a 9,520 square foot addition, for a total constmctionlhard cost of $4.5 Million. Plans reflecting these options are included with this report. According to the Architect, the design cannot undergo further value engineering without adversely impacting the scope and purpose of the project. The Administration concurs with this assessment and recommends proceeding with Option "A". According to DMS, the total estimated cost of the project, inclusive of soft costs, would be approximately $4,615,000. This amount reflects revised fees for DMS, pursuant to the provisions of its Contract Agreement with the City. At the time DMS was engaged by the City to manage the design and construction of the Colony Theater, the total estimated cost of the project was $1,750,000. This figure was at best, a rough estimate based on an earlier conceptual design by Zeidler Roberts, Inc. The Contract Agreement between DMS and the City provides for DMS to receive a fee equivalent to 2.85% of the total budget, or $49,900, which was based on this early estimate. The Agreement also provides that if the project budget increased in excess of $250,000, the fee to DMS would increase by 2.5% of the revised budget in excess of $1,750,000. As such, based upon the difference between the original and current estimated project cost, DMS's fees will increase by $61,436, for a total of $111 ,336. A separate Resolution amending DMS's Contract has been placed on the City Commission's Consent Agenda for this Meeting. As indicated earlier, the project has secured financing through a combination of sources, totaling $2,200,000. Ninety (90%) percent of the funding comprises County, State and Federal Grant monies. The total anticipated cost of the project exceeds available funding by $2,424,711. In Fiscal Years 01-02 and 02-03, the Administration stands to receive an additional $1,000,000 in funds from the Florida Department of State, Cultural Facilities Grant Program. This funding however is contingent upon a 2-for-l match from the City, which may include other grant funds. As such, the Administration intends to use the National Park Service Award, in the amount of $700,000 as a portion of the match, and recommends appropriating $1,415,000 from available 1998B Tax Increment Revenue Bond funds to make up the difference and cover the cost of the project. Project Cost Funding $ 2,200,000 Total Funding as of 3/28/01 Less: Actual + Anticipated Soft Costs Est Hard Costs Est Total Project Cost: Proposed Additional Funding: FY 01102-02/03 Florida Dept of State Cultural Facilities Grant: (Cont'd next page) $ 958,544 $3.656.167 $4,614,711 $ 1,000,000 1998B Tax Increment Revenue Bonds Total: $4,614,711 $ 1.414.711 $ 4,614,711 On April 18,2001, the RDA Board referred The Administration's request for funding to the City's Finance and Citywide Project Committee (Committee) for consideration. The Committee met on May 14, and voted in favor of appropriating the funds, subject to reaching a settlement on the acquisition of the American Riviera Real Estate Company ("Ablon") property as part of the Library site assemblage. On May 30, a settlement was reached. The Committee reconvened on May 30, the same day a settlement was reached on the Ablon parcel. The Committee reaffirmed its earlier decision to recommend the funding requested for the Colony Theater. The Committee also recommended to amend the Agreement with DMS to administer the project. Pursuant to the Committee's recommendation and subject to the approval of the RDA Board, the Architect will proceed with design development and construction drawings, which collectively should take approximately nine months to finalize, barring any delays with the Historic Preservation and/or Design Review process. Permitting, cost estimating and contractor bidding and selection, are anticipated to take an additional four to five months, extending the planning, design and pre-construction phases through May 2002. This timeframe coincides with the Colony Theater's desire to commence construction during the Summer months. It is anticipated that construction will take approximately a year to complete. The anticipated schedule as follows: Architectural: _(inclusive of DRB & HPBreview process) Design Development (DD) Construction Documents (CD) Pre-Construction: Contractor bidding and selection Contractor Estimate D.D.s Contractor GMP @ 75% CDs Permitting (CMB/County) Construction: Notice to Proceed: Substantial completion Completion Start End April 19, 2001 June 19, 2001 June 19, 2001 January 14, 2002 April 19, 2001 June 19,2001 July 3, 2001 December 10,2001 May 2002 May 2002 May 2003 June 2003 It is recommended that the Chairman and Members of the Miami Beach Redevelopment Agency adopt the resolution. JMG/C9l1tKOB Attachments T:\agenda\2001\June 27\colonydms.doc