587-2012 RDA Reso RESOLUTION NO., 587 -2012 i
A RESOLUTION OF THE CHAIRPERSON AND MEMBERS OF THE MIAMI
BEACH REDEVELOPMENT AGENCY, ADOPTING AND APPROPRIATING
THE MIAMI BEACH REDEVELOPMENT AGENCY CAPITAL BUDGET FOR
FISCAL YEAR (FY) 2012/13 AND ADOPTING THE CAPITAL
IMPROVEMENT PLAN FOR 2012/13 THROUGH 2016/17.
WHEREAS, the 2012/13-2016/17 Capital Improvement Plan (CIP) forthe Miami Beach
Redevelopment Agency (RDA) is a five year plan for public improvements and capital expenditures
by the RDA; and
WHEREAS, this document is an official statement of public policy regarding long -range
physical development in the City of Miami Beach; and
WHEREAS, the Proposed Capital Budget for FY 2012/13 itemizes project funds to be
committed during the upcoming fiscal year detailing expenses for project components which include
architect and engineer, construction, equipment, Art in Public Places, and other project costs; and
WHEREAS, on July 9, 2012 and August 22 " , 2012 funding needs for the FY 2012/13
Proposed Capital Budget and CIP were discussed at a meeting of the City of Miami Beach Finance
and Citywide Projects Committee and the funding recommendations are reflected; and
WHEREAS, the proposed RDA Capital Budget for FY 2012/13 totals $14,943,000,
including $705,000 to Renewal and Replacement projects; and
WHEREAS, the proposed Anchor Garage Capital Budget for FY 2012/13 totals $539,660
and
WHEREAS, a copy of the proposed projects to be appropriated with the FY 2012/13
Capital Budget is provided in Attachment "A" hereto; and
WHEREAS, a summary of the RDA CIP for. FY 2012/13 through 2016/17 is provided in
Attachment "B" hereto.
NOW, THEREFORE, BE IT RESOLVED BY THE CHAIRPERSON AND MEMBERS OF THE
MIAMI BEACH REDEVLOPMENT AGENCY, that the Chairperson and Members hereby adopt and
appropriate, the Miami Beach RDA Capital Budget for FY 2012/13 and the CIP for FY 2012/13
through 2016/17.
PASSED AND ADOPT rSF Y OF SEPTEM ER, 12.
HAIRP SON
Attest:
INCORP ORATED APPROVED AS TO
FORM & LANGUAGE, i
FOR EXECUTION
SECRETARY s4 ' ••...••
T:WGENDA\2012 \9- 27- 12\RDA Capital budget reso.d Cy 26
Redevelopment Agency, Date
J " General Counsel
P
REDEVELOPMENT AGENCY ITEM SUMMARY
Condensed Title:
A resolution of the Chairperson and Members of the Miami Beach Redevelopment Agency, adopting and
appropriating the Miami Beach Redevelopment Agency Capital Budget for Fiscal Year (FY) 2012/13 and
adopting the Capital Improvement Plan for FY 2012/13 — 2016/17
Key Intended Outcome Supported:
Ensure well designed quality capital projects -- Increase Community Satisfaction with City Services
Supporting Data (Surveys, Environmental Scan, etc.): Based on the 2012 community survey, recently
completed capital projects were highly rated by both residents and businesses. In the 2012 survey, arts
and culture were identified as services the city should strive not to reduce; and availability of public parking,
was one of the factors identified as key drivers of overall satisfaction levels.
Issue:
Should the Chairperson and Members of the Miami Beach Redevelopment Agency (RDA), adopt and
appropriate the Miam i Beach Redevelopment Agency Capital Budget for FY 2012/13 and adopt the Capital
Improvement Plan for FY 2012/13 through 2016/17?
Item Summa /Recommendation:
The CIP was created as a plan for projects that require significant capital investment and is intended to
serve as an official statement of public policy regarding long -range physical development in the City of
Miami Beach and the Miami Beach RDA, establishing priorities for the upcoming five year period, FY
2012/13 — 2016/17. The first year of the CIP is recommended for approval as the FY 2012/13 Capital
Budget.
The Proposed City Center RDA Capital Budget for FY 2012/13 therefore totals, $14,943,000 and the
Proposed FY 2012/13 Capital Budget for the RDA Anchor Garage totals $539,660. The FY 2012/13
proposed Capital Budget includes appropriations for the construction of the Collins Park Garage; the .
Collins Canal enhancement project; Lincoln Road landscaping; Collins Canal seawall repair; improvements
to Euclid Avenue; aluminum streetlight replacement; and a reserve for potential improvements to Euclid
Avenue.
Advisory Board Recommendation:
On July 9 and August 22, the Proposed Capital Budget and updated Capital Improvement Plan were
discussed at meetings of the Finance and Citywide Projects Committee and the proposed Capital Budget
and CIP reflects the funding recommendations from that meeting.
Financial Information:
Source of - Amount Account
Funds: $14,943,000 City Center RDA
$ 539,660 RDA Anchor Garage
OBPI Total $15,482,660
Financial Impact Summary:
CiV Clerk's Office Legislative Tracking:
Sign-Offs:
Budget Director : °m: " Assistant Director. Executive, ' actor'
Zi_ nator F
KOB TF MS KGB
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T:\AGENDA\2012 \9 -27 -12 \RDA Capital Budget Summary.doc i
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/� A � /[ BEA u AGENDA ITEM
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MIAMI BEACH
City of Miami Beach, 1700 Co I nvention Center Drive, Miami Beach, Florida 33139, www.miamibeachfl.gov
COMMISSION MEMORANDUM
TO: Chairperson Matti Herrera Bower and Members of the , Miami Beach
Redevelopment Agency >
FROM: Kathie G. Brooks, Interim City Manager
DATE: September 27, 2012 f
SUBJECT: A RESOLUTION OF THE CHAIRPERSON AND MEMBERS OF THE MIAMI
BEACH REDEVELOPMENT AGENCY, ADOPTING AND APPROPRIATING THE
MIAMI BEACH REDEVELOPMENT AGENCY CAPITAL BUDGET FOR FISCAL
YEAR (FY) 2012/13 AND ADOPTING THE CAPITAL IMPROVEMENT PLAN FOR
FY 2012/13 — 2016/17
ADMINISTRATION RECOMMENDATION
Adopt the Resolution.
BACKGROUND
Planning for capital improvements is an ongoing process; as needs change within the City's
Redevelopment District ( "RDA "), capital programs and priorities must be adjusted: The Capital
Improvement Plan ( "CIP ") serves as the primary planning tool for systematically identifying,
prioritizing and assigning funds to critical City and RDA capital development, improvements and
associated needs.
The RDA capital improvement plan process began 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
proposed document is reviewed by the City Manager, and upon approval, is submitted to the
Finance and Citywide Projects Committee and the City Commission /Redevelopment Agency
Board for final approval and adoption.
The CIP was created as a plan for projects that require significant capital investment and is
intended to serve as an official statement of public policy regarding long -range physical
development in the City of Miami Beach. The CIP specifies and describes the City's capital
project plan and establishes priorities for the upcoming five year period.
Individual projects within neighborhood areas have been combined to create "packages" of
projects that address the neighborhood needs for infrastructure upgrades, traffic flow,
enhancements, etc. This comprehensive approach minimizes disruptions and generates costs
savings. The projects address many needs in different areas of the City including:
neighborhood enhancements such as landscaping, sidewalk restoration, traffic calming,
lighting, parking, water and sewer system improvements, drainage improvements and roadway
resurfacing /reconstruction; park renovation and upgrades; and construction or renovation.of
public facilities.
i
City Commission Memorandum
Resolution Adopting FY 2012113 Capital Budget and FY 2012113 — 2016117 CIP for the RDA
September 27, 2012
Page 2
The Administration is presenting the proposed FY 2012/13 Capital Budget and the updated CIP
for FY 2012/13 — 2016/17, following a comprehensive review of the CIP to insure that the Plan
accurately reflects all project budgets, funding sources and commitments, for adoption by the
City Commissiori.
ANALYSIS
Capital Improvement Plan
The FY 2012/13 — 2016/17 CIP for the City of Miami Beach and the RDA is a five plan for
public improvements and capital expenditures by the City and the RDA. This document is an
official statement of public policy regarding long -range physical development in the City of
Miami Beach and the RDA. The approved Capital Improvement Plan has been updated to
include projects that will be active during FY 2012/13 — 2016/17.
The Plan has been updated to include additional funding sources that have become available,
changes in project timing, and other adjustments to ongoing projects as they have become
better defined. Certain adjustments have been made to reflect projects that have been
reconfigured, re- titled, combined with or separated from other projects and /or project groupings
: and are the result of a comprehensive review of the program to insure that our plan accurately
reflects all project budgets, funding sources and commitments.
Available Capital Funding
Based on the 2012 Certified Taxable Value of the City Center Redevelopment Area (RDA),
property values have risen 5.4% for FY 2012/13. Based on the tentatively adopted millage rate
of 6.0909 mills, which is a reduction from 6.1655 in FY 2011/12. Net of operating costs, the
RDA will generate $14.9 million in available funding for capital projects in the City Center RDA.
In addition, the Anchor Garage and Retail has approximately $14.3 million in available funding
for capital projects.
Proposed RDA Capital Budget
The City Center RDA FY 2012/13 renewal and replacement projects total $219,373, with an
additional $485,488 for Miami City .Ballet. In addition, the City Center RDA FY 2012/13
proposed Capital Budget includes $14,943,000 in funding for the construction of the Collins
Park Garage, the Collins Canal enhancement project, Lincoln Road landscaping, Collins Canal
seawall repair, aluminum streetlight replacement and a reserve for potential improvements to
Euclid- Avenue. The Anchor Shops and Parking Garage Fund, which is separate because it is
not part of the Tax increment funding of the RDA, has FY 2012/13 renewal and replacement
needs totaling $539,660. Of note, a significant review of projects for closeout was completed in
FY 2011 /12.
CONCLUSION:
i
The Administration recommends adoption of .the attached Resolution, which establishes the
Capital Budget for the RDA for FY 2012/13 and the Capital Improvement Program for FY
2012/13 — 2016/17.
KGB/TF /GH i
T:WGENDA\2012 \9 -27 -12 \RDA Capital budget memo.doc
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