LTC 062-2014 Reports and Informational Items for the March 5, 2014 Commission Meeting i
MIAMI
OFFICE OF THE CITY MANAGER
LTC # 062-2014 LETTER TO COMMISSION
TO: Mayor Philip Levine and Memb rs of the ity Commission
FROM: Jimmy Morales, City Manager
DATE: February 26, 2014
SUBJECT: REPORTS AND INFORMAT NAL ITEMS FOR THE MARCH 5, 2014
COMMISSION MEETING
Pursuant to the changes directed by the City Commission for meeting agenda distribution,
the following reports will now be provided on a monthly basis via LTC and also posted on the
City's website.
a. Parking Status Report- November 2013.
b. Informational Report On All Existing City Contracts For Renewal Or Extensions In
The Next 180 Days.
C. CIP Monthly Construction Project Update.
d. Report On Emergency And Unauthorized Purchases.
e. Report Of The Itemized Revenues And Expenditures Of The Miami Beach
Redevelopment Agency's City Center District&South Pointe(Pre-Termination Carry
Forward Balances) For The Month Of December 2013.
KGB/REG/Ic
F:\CLER\$ALL\LILIA\Commission-Meetings\2014\March 5,2014\LTC.doc
MIAMSEACH
City of Miami Beach, 1700 Convention Center Drive,Miami Beach, Florida 33139,www.miamibeachfl.gov
COMMISSION MEMORANDUM
TO: Mayor Philip Levine and Members f the City C mmission
FROM: ,Jimmy L. Morales, City Manager
DATE: March 5, 2014
SUBJECT: PARKING STATUS REPORT — December 2013
During the month of December, the Parking Department received revenue from different
sources outlined in the categories listed below. In addition, only selected recurring expenses
associated with the parking garages are reported herein.
The following is a condensed presentation of revenue by source and variance:
December 2012 December 2013 $variance
I On/Off Metered Spaces
On/Off Metered Spaces $ 1,919,684.14 $ 1,962,650.73 $ 42,966.59
Total Metered Spaces $ 1,919,684.14 $ 1,962,650.73 $ 42,966.59
II Enforcement"
M-D Cty Pkg Violations $ 299,146.17 $ 273,737.00 $ (25,409.17)
Towing 17,785.00 20,149.00 2,364.00
Total Enforcement $ 316,931.17 $ 293,886.00 $ (23,045.17)
"These amounts include revenue for the month of Decemberr 2013 that had not yet posted to EDEN
Meter Revenue: Meter revenue is comprised of both single space meters and multi-space pay
stations, located curbside and in municipal surface parking lots. Meter revenue variances are
driven by many variables which include, but are not limited to, road and sidewalk
constructions, closed streets and location of events held in the City.
Enforcement: Miami-Dade County, Clerk of Courts processes, collects, and adjudicates
parking citations for all jurisdictions in the County, including Miami Beach. The City shares
parking citation revenues with the County, 2/3 and 1/3, respectively. There was an increase
in towing revenue and a slight decrease in parking citations.
Agenda Item l�
Date
March 5, 2014
City Commission Memorandum
Parking Status Report—December 2013
Page 2of3
December 2012 December 2013 $variance
111 Off Street facilities
a Garages
17th Street Garage $ 379,502.26 $ 359,212.08 $ (20,290.18)
City Hall Garage 42,767.21 51,639.55 8,872.34
7th Street Garage 159,327.06 183,649.54 24,322.48
Pennsylvania Garage 77,009.63 78,193.88 1,184.25
12th Street Garage 53,059.28 46,946.53 6,1 12.75
9 ( )
13th Street Garage 110,328.96 115,621.21 5,292.25
42nd Street Garage 40,912.89 51,154.62 10,241.73
16th Street Garage 220,757.87 289,216.16 68,458.29
Sunset Harbour Garage 11,374.99 48,359.53 36,984.54
Total Garage $ 1,095,040.15 $ 1,223,993.10 $ 128,952.95
b Joint Venture'
5th and Alton Garage $ 30,61 1.65 $ 40,036.84 $ 9,425.19
Total 5th&Alton $ 30,611.65 $ 40,036.84 $ 9,425.19
*46%of total revenue which represents the City's pro-rato share pursuant to the Development Agreement
Garages: Revenues are comprised from transient, monthly, and flat rate special events
rates. Garage revenue variances are driven by many variables which include, but are not
limited to, fluctuations in special events, weather, and tourism.
5th and Alton Garage: The 5th and Alton Garage is a joint venture project (parking garage)
with the "Developer" (Edens) containing 1,080 parking spaces. The Developer and City own
54% and 46% of the parking spaces, respectively, and profit/loss is also shared in the same
manner. The City's revenue portion (46%) for the month of December 2013 is $40,036.84,
resulting in a total net loss of$66,020.87. Pursuant to the Development Agreement, the City
receives its proportionate share of profit or must subsidize any loss. The City and Developer
continue to jointly pursue initiatives to promote the use of the garage. These initiatives include
but are not limited to "after hours" flat rate parking; valet parking storage; monthly parking;
and strategically placed electronic signage directing users to the facility. Future considerations
include promotional rates for "after hours and park and ride options to the entertainment
districts.
March 5, 2014
City Commission Memorandum
Parking Status Report—December 2013
Page 3of3
December 2012 December 2013 $variance
IV Permit Sales
Municipal Monthly Permits $ 3,750.51 $ 4,742.46 $ 991.95
Valet&Space Rental 156,775.00 230,528.92 73,753.92
Residential Permits 25,032.18 30,650.87 5,618.69
Hotel Hang Tags 10,000.00 8,000.00 (2,000.00)
In Vehicle Parking Meter(ipark) 63,389.76 (250.50) (63,640.26)
Total Permits $ 258,947.45 $ 273,671.75 $ 14,724.30
V Preferred Lots
Preferred Lots $ 140,877.58 $ 122,448.61 $ (18,428.97)
Total Preferred Lots $ 140,877.58 $ 122,448.61 $ (18,428.97)
VI Miscellaneous
Miscellaneous $ 99,617.33 $ 80,925.78 $ (18,691.55)
Total Miscellaneous $ 99,617.33 $ 80,925.78 $ (18,691.55)
Permit Sales: There was an overall increase in all permits sales. The valet and space rental
account increased by $73,754. On August 30th, 2013 the City received notification from
iPark, the manufacturer of the in-vehicle parking meter, that it was ceasing operations,
effective immediately. iPark users will continue to be honored until their existing reload is
depleted, resulting in a decrease in revenue.
Preferred Lot: This lot is located on the west side of the Convention Center, and variances are
contingent on convention center events. There was a decrease in the lot due to minor events
held at the Convention Center.
Miscellaneous Revenue: This category consists of other accounts including a revenue share
from Deco Bike, advertising revenue, interest, etc. There was a decrease in miscellaneous
revenue due to revisions in the Deco Bike contract.
The City Commission awarded Parkmobile to provide pay by phone services. Pay by phone
will provide enhanced functionality over the in-vehicle parking meter. Miami Beach residents
will continue to enjoy the resident discount on the hourly meter rate, from $1 .75 to $1 .00 per
hour (43% discount), in the South Beach area. Moreover, Parkmobile will assess no user fees
to Miami Beach residents for pay by phone service.
Ao
JLM/PDW/ /BN
f:\pin man ar\parking status report\f 2013-201 4\201 3-1 2.doc
PARKING DEPARTMENT REVENUE
December-13
Meters r mit Sales &Space Towing Parking
Attended Lots ISS 8MMS1 Rentals Yiab t liana TOTAL
Dec-12 $ 1,095,040.15 $ 1,919,684.14 $ 258,947.45 $ 316,931.17 $ 3,590,602.91
Dec-13 $ 1,223,993.10 $ 1,962,650.73 $ 273,671.75 293,886.00 3,754,201.58
Diff $ 128,952.95 $ 42,966.59 $ 14,724.30 $ (23,045.17) $ 163,598.67
% 1 1.78% 2.24% 5.69% -7.27% 4.56%
Revenue 2014
Towing&Parking Violations
8%
Garages&Attended Lots
33%
Permit Sales &Space Rentals
7%
Meters
(SS&MS)
52%
$4,000,000.00
i
$3,500,000.00
$3,000,000.00
$2,500,000.00
$2,000,000.00 m Dec-12
$1,500,000.00
$1,000,000.00
D Dec-13
$500,000.00
Garages Dec-13
& Meters Dec-12
Attended (SS& Permit Towing &
Lots MS) Sales & parking TOTAL
Space
Rentals Violations
PARKING DEPARTMENT REVENUE YTD
December-13
(3arages& Towing Parking
Attended Lots Meters (SS 8�MSS Permit Sales Violations TOTAL
Oct-13 $ 1,370,820.78 $ 2,059,253.28 $ 454,333.52 $ 306,426.19 $ 4,190,833.77
Nov-13 $ 1,238,720.29 $ 1,841,582.51 $ 215,456.66 $ 282,925.09 $ 3,578,684.55
Dec-13 $ 1,223,993.10 $ 1,962,650.73 $ 273,671.75 $ 293,886.00 $ 3,754,201.58
Jan-14 $
Feb-14 $
Mar-14 $
Apr-14 $
May-14 El$
Jun-14 $
Jul-14 $
Aug-14 $
Sep-14 $
YTD $ 3,833,534.17 $ 5,863,486.52 $ 943,461.93 $ 883,237.28 $ 11,523,719.90
$4,500,000.00
$4,000,000.00
$3,500,000.00 "., OGarages&Attended Lots
$3,000,000.00
a Meters(SS&MS)
$2,500,000.00
pPermit Sales
$2,000,000.00
OTowing&Parking Violations
$1,500,000.00 --
$1,000,000.00 ;M;
$500,000.00
v
$ Z c o a a
PARKING DEPARTMENT METER REVENUE
% of USAGE
December-13
Total Meter Revenue
Multi-Space (Credit
Card)
54%
■ Single Space (Coin)
11%
■ Multi-Space (Bill)
30% ® Multi-Space (Coin)
5%
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City of Miami Beach
5th and Alton Parking Garage
Fiscal Year beginning October 1,2013 ending September 30, 2014
For the current month ending December 31, 2013
CMB
Fiscal
Current Month Note 1 YTD
Total
Revenues/ Edens 54% CMB 46%
Expenses Portion Portion CMB GL Note
Operating revenue:
484-8000-344405 5th&Alton Garage-Monthly $ - $ - $ - $ 15,931.02
484-8000-344406 5th&Alton Garage-Transient 37,503.59 20,251.94 17,251.65 24,250.85
484-8000-344410 5th&Alton Garage-Tenant 26,146.31 14,119.01 12,027.30 12,027.30
484-8000-344587 Valet Parking(Off)-Taxable 23,080.65 12,463.55 10,617.10 17,274.02
484-8000-369999 Miscellaneous Revenue 290.92 157.10 133.82 197.80
Total operating revenue 87,021.47 46,991.59 40,029.88 69,680.99
Operating expenses:
484-0470-000312 Professional Services - - - -
484-0470-000313 Bank Fees 696.44 376.08 320.36 249.99
484-0470-000314 Electricity 11,803.31 6,373.79 5,429.52 5,937.76
484-0470-000316 Telephone 279.73 151.05 128.68 1,110.19
484-0470-000317 Water 5,882.82 3,176.72 2,706.10 2,310.42
484-0470-000318 Sewer Charges - - - -
484-0470-000319 Sanitation Fees 187.03 101.00 86.03 89.71
484-0470-000321 Postage and Shipping - - - -
484-0470-000324 Printing - - - -
484-0470-000325 Contract Maintenance 74,296.70 40,120.19 34,176.51 43,074.11
484-0470-000342 Repairs/Maintenance Supply 1,628.11 879.18 748.93 2,958.13
484-0470-000343 Other Operating Expenditures 2,603.62 1,405.95 1,197.67 111.78
484-0470-000349 Other Contractual Services 19,082.44 10,304.52 8,777.92 9,148.08
484-0470-000375 Misc Insurance 114,099.98 61,613.99 52,485.99 27,011.31
484-0470-000484 Depreciation - - - -
Total operating expenses 230,560.18 124,502.47 106,057.71 92,001.48
Nonoperating revenue
484-8000-361130 Interest-Repurchase Agreement 15.16 8.19 6.97 13.58
484-8000-344599 Miscellneous - - 0.00
Total nonoperating revenue 15.16 8.19 6.97 13.58
Net income/(loss) (143,523.55) (77,502.69) (66,020.86) (22,306.91)
Transfers In
Change in net assets (143,523.55) (77,502.69) (66,020.86) (22,306.91)
Net assets,beginning 504,941.46 272,557.97 232,383.49 13,656,092.45
Net assets,ending $ 361,417.91 $ 195,055.28 $ 166,362.63 $ 13,633,785.54
Note 1: Source-Edens Monthly Financial Statements
Note 2: CMB-GL 01/22/2013 fW
Prepared by: Finance Department 01/22/2013
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MIAMI BEACH
City of Miami Beach, 1700 Convention Center Drive,Miami Beach, Florida 33139,www.miamibeachfl.gov
COMMISSION MEMORANDUM
TO: Mayor Philip Levine and Member of the Cit Commission
FROM: Jimmy L. Morales, City Manage
DATE: March 5, 2014
SUBJECT: INFORMATIONAL REPORT O ALL EXISTING CITY CONTRACTS FOR
RENEWAL OR EXTENSIONS IN HE NEXT 180 DAYS
On April 18, 2001, the City Commission adopted Resolution No. 2001-24332, providing for
an informational report of all existing City contracts for renewal or extensions,which by their
terms or pursuant to change orders exceed $25,000, and all extensions or renewals of such
contracts, to be presented to the Mayor and City Commission at least 180 days prior to the
contract extension or renewal date of each contract.
The Administration, in addition to reporting on all existing City contracts, has included
information relative to Miami-Dade County, State of Florida, U.S. Communities and Federal
GSA contracts that are approved for utilization by the City Manager, pursuant to Section 2-
369 of the City Code.
DESCRIPTION VENDOR(S) EXPIRATION DATE RENEWAL OPTIONS
For Parking Attendants for City's Standard Parking two (2) one (1)-year
Parking Garages Corporation'. 8/15/2014 periods
Maintenance of Street Lighting on
State Road within the Miami Beach Under Power 8/22/2014 two (2) one (1)-year
City Limits Corporation periods
ITB-44/11/12
Online Legal Database Services LexisNexis, a Division of g/17/2014 None
(State Contract No. 991-150-09-1) Reed Elsevier Inc.
Online Legal Database Services West Publishing g/17/2014 None
(State Contract No. 991-150-09-1) Corporation d/b/a West
JLM:K B:AD
TAAGENDA\201 arch\Procurement\March 180 Day Report.doc
Agenda Item b
Date 3-S
MIAMI BEACH
City of Miami Beach, 1700 Convention Center Drive,Miami Beach, Florida 33139,www.miamibeachfl.gov
COMMISSION MEMORANDUM
TO: Mayor Philip Levine and Members f the Cit Commission
FROM: Jimmy L. Morales, City Manager
DATE: March 5, 2014
SUBJECT: CIP Monthly Construction Project pdate
Attached please find the monthly update for active City of Miami Beach construction projects
under the purview of the CIP Office.
Attachment
cc: Mark Taxis, Assistant City Manage
David Martinez, P.E., CIP Director
Agenda Item C
Date 3-S
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MIAMI BEACH
City of Miami Beach, 1700 Convention Center Drive,Miami Beach, Florida 33139,www.miamibeachfl.gov
COMMISSION MEMORANDUM
TO: Mayor Philip Levine and Members f the Ci Commission
FROM: Jimmy L. Morales, City Manager
DATE: March 5, 2014
SUBJECT: REPORT ON EMERGENC PURCHASES AND UNAUTHORIZED
PURCHASES
EMERGENCY PURCHASES. Miami Beach City Code Section 2-396 provides for the City
Manager to waive the requirements for competitive bidding for emergency purchases as
defined in the Code. Pursuant to this provision,emergency purchases exceeding$25,000.00
are to be reported to the City Commission at its meeting following the emergency. With the
discontinuation of the Job Order Contracting (JOC), the process that was most frequently
utilized to procure emergency response services of a construction-related nature, the need
to process emergency purchase requests has increased.While the Administration considers
alternatives to the JOC program for emergency response services and urgent projects, the
emergency purchase request process outlined in Code allows the City to respond
expeditiously to unexpected needs for these services. The following is a list of emergency
purchases for the preceding month. The Emergency Purchase Request form for each
emergency reported is attached.
Nature of Emergency Requestor Contractor Amount
Comprehensive Technology Risk Recruitment and
Assessment of 9-1-1 Critical Emergency Engineering $50,000
Communications Services Management Products &
Services, Inc.
UNAUTHORIZED PURCHASES. Miami Beach City Code Section 2-393(a) prohibits the
purchase of goods or services unauthorized by the Procurement Division (typically through
the issuance of a Purchase Order with stated purchase authority prior to the receipt of goods
or services). In its due diligence, the Department of Procurement Management(DPM)has
identified those purchases that have been transacted in violation of the stated Code
requirement. In those cases, the DPM has required documentation and justification be
provided to the City Manager, through the Unauthorized Purchase form, who may then,
pursuant to Code, consider and authorize the purchase. Unauthorized purchases exceeding
$25,000 are reported to the City Commission at its meeting following the approval of the
Unauthorized Purchase form. Following is a report of unauthorized purchases for the
preceding month. The Unauthorized Purchase form for each purchase reported is attached.
Nature of Unauthorized Purchase Requestor Contractor Amount
Nonih
JLM ?NCA,
A
T:\A 14\March\Procu rem ent\March Emergency or Unauthorized Purchase LTC.doc
Agenda Item d
Date 3-5''/
Emergency
a MIAMIBEACH
Authorization Request
No.' d
Contact • •
Date: Requestor:
02/17/2014 CHARLES TEAR
Location of Emergency:Citywide including the Public Requesting Department:
Safety Communications Unit(PSCU) Emergency Manager
Required Goods/Services:Comprehensive Technology Contact No.:
risk assessment of 9-1-1&Critical 305-673-7000 EXT. 6230
Communications services.
Nature of
Describe Type(threat to public's life,health,welfare or significant loss of property)and Details of Emergency(Attach additional detail,if
necessary,and all available documentation justifying emergency declaration.):
In light of recent events that highlighted vulnerabilities within the Police Communications Unit,
a preliminary internal assessment was performed. This concluded that a thorough and
comprehensive assessment by a professional third party entity was necessary. Due to the
urgency of this matter,this Emergency Purchase Authorization request was put in place
See attached PSCU description and the representative's first proposal.
• • •r(s) Information
Proposed Vendor(attach detail If multiple vendors): Estimated Cost of known):
Recruitment and Engineering Products & NTE$50,000.00
Services,Inc.
Describe How&Why Recommended Vendor(s)Selected:
This entity has performed these services successfully nationwide on a numerous occasions for local and
county governments. Furthermore,they have previously performed a similar risk assessment for the
City of Miami Beach that resulted in liability reduction through risk mitigation.
City Code Sec.2.396.-Emergency Purchases:
(a)City Manager. In case of an apparent emergency requiring Immediate purchase of supplies or contractual service,the city manager shall be ;
empowered to authorize the procurement director to secure by open market procedure at the lowest obtainable price, any supplies or contractual
services not exceeding$25,000,00.The city manager has the authority to act in the case of an emergency that might affect the health,safety and i
welfare of the city.Such action shall be reported at the next regular meeting of the city commission when supplies or services exceed$25,000.00,
(b)Head of Department.In case of actual emergency,and with the prior consent of the procurement director, and the prior approval of the city 1
manager,the head of any using agency may purchase directly any supplies whose immediate procurement is essential to prevent delays In the work of
the using agency that may vitally affect the life,health or convenience of citizens.The head of such using agency shall send to the procurement director f
a regulsition and a copy of the delivery record,together with a full written report of the circumstances of the emergency.
Department Head ' • Director
SIGNATURE: S1G T SIG SIG TUBE:
AIPY
1
DATE: D ATE: D
f 210/tv 1 4 1«fi
REPORT OF THE ITEMIZED REVENUES AND
EXPENDITURES OF THE
MIAMI BEACH REDEVELOPMENT AGENCY'S
CITY CENTER DISTRICT
SOUTH POINTE
(PRE-TERMINATION CARRY FORWARD BALANCES)
FOR THE MONTH OF
JANUARY 2014
Agenda Item e.
Date 3 =
MIAMI BEACH
City of Miami Beach, 1700 Convention Center Drive,Miami Beach, Florida 33139,www.miamibeachfl.gov
REDEVELOPMENT AGENCY MEMORANUM
TO: Chairperson and Members of the
Miami Beach Redevelopment Agency
FROM: Jimmy L. Morales, Executive Director
DATE: March 5, 2014
SUBJECT: Report of the Itemized Revenues an Expenditures of the Miami Beach
Redevelopment Agency's City Center istrict and the South Pointe (Pre-
Termination Carry Forward Balances)for the Period Ended January 31, 2014.
On July 15, 1998 the Chairman and Members of the Board of the Miami Beach
Redevelopment Agency resolved that an itemized report of the revenues and
expenditures of the Miami Beach Redevelopment Agency, with respect to each
redevelopment area, would be made available to the Chairman and Members of the
Board of the Miami Beach Redevelopment Agency at the end of each month. Further, it
was resolved that such report would be made available no later than five days prior to
the second regularly scheduled Redevelopment Agency meeting in the month
immediately following the month for which such report is prepared and that the report
would be placed on the Redevelopment Agency Agenda for the second meeting of each
month as a discussion item. Because the distribution date for the second Commission
meeting of some months falls prior to our receipt of bank statements for the month, we
advised on October 21, 1998, that beginning with the report for the month ending
October 31, 1998 all monthly Redevelopment Agency reports would henceforth be
included as part of the agenda for the first Commission meeting of each month.
As of September 30, 2005, the South Pointe Redevelopment District ceased to be a
redevelopment area within the Miami Beach Redevelopment Agency's jurisdiction. At
that point, the City of Miami Beach assumed the responsibilities for the South Pointe
Area. This report will continue to summarize the capital expenditures incurred for the
South Pointe construction projects that have been appropriated as of September 30,
2005 and that are being paid from the remaining RDA South Pointe TIF balance.
The attached material includes the following:
Section A—South Pointe (Pre-Termination Carry Forward Balances)
• Summary of Cash Basis Transactions by Project and by Expenditure Type for the
Fiscal Years Ended September 30, 1988 through 2013 and the Period ended
January 31, 2014
• Check and Wire Transfer Register Sorted by Project and Type of Expenditure for
the Period Ended January 31, 2014
• Summary of Capital Projects with Current Year Expenditures
Section B— City Center District
• Summary of Cash Basis Transactions by Project and by Expenditure Type for the
Fiscal Years Ended September 30, 1988 through 2013 and the Period ended
January 31, 2014
• Check and Wire Transfer Register Sorted by Project and Type of Expenditure for
the Period Ended January 31, 2014
• Summary of Capital Projects with Current Year Expenditures
JLM.lPD sp
SOUTH POINTE
(PRE-TERMINATION CARRY FORWARD BALANCES)
FINANCIAL INFORMATION
FOR THE PERIOD ENDED
JANUARY 31 , 2014
i
MIAMI BEACH
City of Miami Beach, 1700 Convention Center Drive, Miami Beach, Florida 33139,www.miamibeachfl.gov
REDEVELOPMENT AGENCY MEMORANUM
TO: Jimmy L. Morales, City Manager
FROM: Patricia D. Walker, Chief Financial Officer
DATE: March 5, 2014
SUBJECT: South Pointe Financial Information for the Month Ended January 31, 2014
At the July 15, 1998 Commission/Redevelopment Agency meeting a request was made for
monthly financial information for the South Pointe Redevelopment District. As of September
30, 2005, the South Pointe Redevelopment District ceased to be a redevelopment area
within the Miami Beach Redevelopment Agency's jurisdiction. However, this report will
continue to summarize the capital expenditures incurred for the South Pointe construction
projects that have been appropriated as of September 30, 2005 and that are being paid from
the remaining RDA South Pointe TIF balance (pre-termination carry forward balances). The
information has been compiled and is attached.
Historical Cash Basis Financial Information
The summary report included in the attached material reflects that during the period from
October 1, 1987 through January 31, 2014 approximately $120,042,000 of revenues were
received in the South Pointe Area.
The primary sources of these revenues included:
Incremental Ad Valorem tax $ 94,048,269
Bond proceeds 6,860,000
Land sale 5,187,944
Interest income 8,231,920
Rental income 3,169,547
Loan from the City of Miami Beach 1,000,000
State grant 350,000
Various sources 1,194,504
$ 120,042,184
The opening cash balance for October 1, 1987 was approximately $1,042,000; therefore,
the total amount of funds available for the period was approximately $121,000,000.
I
We are committed to providing excellent public service and safety to all who live; work, and play in our vibrant, tropical, historic community.
On the expenditure side, approximately $111,551,000 has been expended from October 1,
1987 through January 31, 2014.
These approximate expenditures were primarily made in the following areas:
Cobb/Courts Project $ 16,384,670
Debt Service Payments 14,028,441
Portofino Project 12,330,291
South Pointe Streetscape/Park 37,081,473
Administrative Costs 7,380,277
SSDI Project 6,446,941
Marina Project 5,913,256
Community Policing 2,465,482
Washington Avenue 1,541,983
Carner-Mason Settlement and Other Reimbursements 1,044,733
Miami Beach Community Development Corporation Funding 1,500,000
Agreement—530 Meridian Building —Affordable Housing
Other Project Costs 5,433,102
$ 111,550,649
The cash balance as of January 31, 2014 is approximately $9,533,000. This balance
consisted of the following amounts:
Cash Balance $ 101,089
Investments Balance 9,432,176
$ 9,533,265
i
JLM:PDW.sp
i
We are committed to providing excellent public service and safety to all who live, work, and ploy in our vibrant, tropical, historic community.
SUMMARY OF
CASH BASIS TRANSACTIONS
FOR THE PERIOD ENDED
JANUARY 31 , 2014
South ' •inte Pre-Termination Balances
Summary of Basis Transactions by •
Fiscal Years • • • - 2014
RDA-South Pointe
Pre-Termination
RDA-South Pointe Balances Carry Forward Total
Prior Years FY 2014 Rev./Expend.
OPENING CASH/INVSTMT BALANCE $ 1,041,730 $ 9,673,535
REVENUE
- Tax increment-City 55,162,212 - $ 55,162,212
- Tax increment-County 37,562,671 - 37,562,671
- Tax increment(Interest)-County 26,627 - 26,627
- Tax increment-Children's Trust 1,296,759 - 1,296,759
- Bond proceeds 6,860,000 - 6,860,000
- Cobb Partners-Closing Parcel 1,2 5,187,944 - 5,187,944
- Marina rental income 3,169,547 - 3,169,547
- Interest income 8,229,545 2,375 8,231,920
- Loan from City 1,000,000 - 1,000,000
- Grants(Fla. Inland Navig.;shoreline restore.) 350,000 - 350,000
- Other Grants 5,000 - 5,000
- St. sales tax(receipt-income for pmt.to St) 209,358 - 209,358
- Daughters of Israel contrib.-reloc. Mikvah 28,000 - 28,000
- Consulting fee refund-Rahn S. Beach 27,026 - 27,026
- Olympus Hldg.-reimb. Portofino advertsg. 24,405 - 24,405
- Mendelson environ. reimb./refund 10,000 - 10,000
- Regosa Engineering refund-Marina 8,500 - 8,500
- Portofino DRI Payment from Greenberg T. 121,531 - 121,531
- Payment received from Greenberg T.for CMB 23,500 - 23,500
- Payment received from Olympus Holdings, Inc. 96,276 - 96,276
- Payment received from Marquesa, Inc. 2,000 - 2,000
- Contribution from Continuum II for S. Pointe Park 200,000 - 200,000
- Cost of asbestos remediation reimb.-Cobb 5,800 - 5,800
- Miscellaneous income 8,267 - 8,267
- Galbut&Galbut contrib.-reloc. Mikvah 3,500 - 3,500
- Murano Two, Ltd-Cash Bond per Agreement 242,000 - 242,000
- Other(void ck; IRS refund;Am. Bonding) 179,341 - 179,341
Total Revenues 120,039,809 2,375 $ 120,042,184
RDA - South ' •inte Pre-Termination Balances
Summary of • by •
Fiscal Years • • • - 2014
RDA-South Pointe
Pre-Termination
RDA-South Pointe Balances Carry Forward Total
Prior Years FY 2014 Rev./Expend.
EXPENDITURES
PROJECTS
Cobb/Courts (16,384,670) - (16,384,670)
Marina (5,913,256) - (5,913,256)
Portofino (12,330,291) - (12,330,291)
South Pointe Streetscape (37,037,775) (43,698) (37,081,473)
SSDI (6,446,941) - (6,446,941)
Fifth St. Beautification (300,000) - (300,000)
Beach Colony(I'scape/stscape/site imprvmt) (80,912) - (80,912)
Marriott (53,061) - (53,061)
Washington Ave. (1,541,983) - (1,541,983)
Washington Ave Surface Lot (280,790.00) - (280,790)
Design guidelines (43,708) - (43,708)
MBTMA/Mobility (32,225) - (32,225)
S. Pointe Zoning (20,819) - (20,819)
South Pointe Pier (82,048) - (82,048)
Alaska Baywalk (218,323) - (218,323)
Victory/Community Gardens (174,477) - (174,477)
Washington Park (50,590) - (50,590)
Water/Sewer Pump Station Upgrade (1,064,020) - (1,064,020)
Flamingo S. Bid A R.O.W. (402,639) - (402,639)
Flamingo Neigh-Lummus (428,246) - (428,246)
Flamingo 10g-6St ROW Improvement (3,419) - (3,419)
Potamkin Project (318,525) - (318,525)
Lummus Park (103,916) - (103,916)
Wayfinding Projcet (177,081) - (177,081)
Jewish Museum of Florida (500,000) - (500,000)
MBCDC Loan-530 Meridian Bldg. (1,500,000) - (1,500,000)
6th&Lenox Infrastructure Project (772,450) - (772,450)
Beachwalk II Project (170,147) (95,574) (265,721)
Miscellaneous (60,132) - (60,132)
Total Projects (86,492,444) (139,272) (86,631,716)
ADMINISTRATIVE (7,376,904) (3,373) (7,380,277)
DEBT SERVICE/LOAN REPAYMENT (14,028,441) - (14,028,441)
South •
Summary of . Basis Transactions Project
Fiscal Years • . '
RDA-South Pointe
Pre-Termination
RDA-South Pointe Balances Carry Forward Total
Prior Years FY 2014 Rev./Expend.
MISCELLANEOUS
Carner Mason settlement (946,163) - (946,163)
City of Miami Beach(reimburse water main) (74,067) - (74,067)
Miscellaneous (24,503) - (24,503)
(1,044,733) - (1,044,733)
COMMUNITY POLICING (2,465,482) - (2,465,482)
TOTAL EXPENDITURES (111,408,004) (142,645) $ (111,550,649)
ENDING CASH/INVSTMT. BALANCE $ 9,673,535 $ 9,533,265
South •inte Pre-Termination Balances
SUnunaty of Cash Basis Transactions
Fiscal Years 1988 '
RDA-South Pointe
Pre-Termination
RDA-South Pointe Balances Carry Forward Total
Prior Years FY 2014 Rev./Expend.
OPENING CASH/INVSTMT BALANCE $ 1,041,730 $ 9,673,535
REVENUE
- Tax increment-City 55,162,212 - $ 55,162,212
- Tax increment-County 37,562,671 - 37,562,671
- Tax increment(Interest)-County 26,627 - 26,627
- Tax increment-Children's Trust 1,296,759 - 1,296,759
- Bond proceeds 6,860,000 - 6,860,000
- Cobb Partners-Closing Parcel 1,2 5,187,944 - 5,187,944
- Marina rental income 3,169,547 - 3,169,547
- Interest income 8,229,545 2,375 8,231,920
- Loan from City 1,000,000 - 1,000,000
- Grants(Fla.Inland Navig.;shoreline restore.) 350,000 - 350,000
- Other Grants 5,000 - 5,000
- St.sales tax(receipt-income for pmt.to St) 209,358 - 209,358
- Daughters of Israel contrib.-reloc.Mikvah 28,000 - 28,000
- Consulting fee refund-Rahn S.Beach 27,026 - 27,026
- Olympus Hldg.-reimb.Portofino advertsg. 24,405 - 24,405
- Mendelson environ.reimb./refund 10,000 - 10,000
- Regosa Engineering refund-Marina 8,500 - 8,500
- Portofino DRI Payment from Greenberg T. 121,531 - 121,531
- Payment received from Greenberg T.for CMB 23,500 - 23,500
- Payment received from Olympus Holdings,Inc. 96,276 - 96,276
- Payment received from Marquesa,Inc. 2,000 - 2,000
- Contribution from Continuum II for S.Pointe Park 200,000 - 200,000
- Cost of asbestos remediation reimb.-Cobb 5,800 - 5,800
- Miscellaneous income 8,267 - 8,267
- Galbut&Galbut contrib.-reloc.Mikvah 3,500 - 3,500
- Murano Two,Ltd-Cash Bond per Agreement 242,000 - 242,000
- Other(void ck;IRS refund;Am.Bonding) 179,341 - 179,341
Total Revenues 120,039,809 2,375 $ 120,042,184
Expenditures
Land acquisition (9,444,065) - (9,444,065)
Legal fees/costs (9,392,304) - (9,392,304)
Professional services (17,986,772) - (17,986,772)
Construction (31,177,043) (139,272) (31,316,315)
Utilities relocation (1,873,213) - (1,873,213)
Environmental (416,044) - (416,044)
Submerged land lease (2,017,803) - (2,017,803)
Lease agreements (6,863,371) - (6,863,371)
Miscellaneous (3,500,194) - (3,500,194)
Property Taxes (389,260) - (389,260)
Common Area Maintenance (131,140) - (131,140)
Administration (7,376,904) (3,373) (7,380,277)
Debt Service/loan repayment (14,028,441) - (14,028,441)
Refund of Cash Bond (242,000) - (242,000)
Miscellaneous Project Costs (2,103,968) - (2,103,968)
Grant (500,000) - (500,000)
MBCDC Loan-530 Meridian Bldg. (1,500,000) - (1,500,000)
Community Policing (2,465,482) - (2,465,482)
(111,408,004) (142,645) $ (111,550,649)
ENDING CASH/INVSTMT.BALANCE $ 9,673,535 $ 9,533,265
CHECK & WIRE TRANSFER
REGISTER
SORTED BY
PROJECT & TYPE OF
EXPENDITURE
FOR THE PERIOD ENDED
JANUARY 31 , 2014
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ATTACHMENT "All
SUMMARY OF
CAPITAL PROJECTS
WITH
CURRENT YEAR EXPENDITURES
SUMMARY OF CAPITAL PROJECTS
CURRENT YEAR EXPENDITURES
South Pointe
South Pointe Streetscave Improvements Phase III-V
This project includes the installation of new stormwater
infrastructure within priority Basin 1 to meet the Master Plan
recommended level of service. The project limits are bounded by
Ocean Drive to the East and Alton Road to the West, and includes:
1St Street between Alton and Ocean, Commerce Street from Alton to
Washington, Ocean Drive, Ocean Court from 5th to South Pointe
Drive, Collins Avenue and Collins Court from 5th to South Pointe
Drive, South Pointe Drive, Jefferson Avenue between South Pointe
Drive and 1St, and other adjacent alleys,roadways and rights of way.
Project Management Department: CIP Office
Total Project Cost: $25,603,389
Total CRA participation: $4,927,566
Capital Improvement Plan and FY 08/09 Capital Budget
Beachwalk II
The Beachwalk II project will establish a southern link between
Lummus Park and South Pointe Park. Beachwalk II will be a 0.6
mile path running North-South, west of the dune system and east of
Ocean Drive. The project will include an extensive dune
enhancement component including use of turtle friendly
lighting, removal of invasives, planting of native plants, dune
fill, rope and post, and sand fencing. Additional objectives of
the project includes physical improvements to support
multimodal transportation, link bicycle and pedestrian
destinations, increase pedestrian and bicycle safety, improve
trail network connectivity, eliminate barriers that prevent
bicycle trips, and develop future bikeway corridors.
Project Management Department: Public Works
g
Total Project Cost: $4,736,731
Total CRA participation: $2,800,600
Capital Improvement Plan and FY 09/10 Capital Budget
For more information about South Pointe Capital Projects please refer to:
http://web.miamibeachfl.gov/excellence/scroll.aspx?id=l 8274
Page 1 of 1
CITY CENTER
REDEVELOPMENT DISTRICT
FINANCIAL INFORMATION
FOR THE PERIOD ENDED
JANUARY 31 , 2014
MIAMI BEACH
City of Miami Beach, 1700 Convention Center Drive,Miami Beach, Florida 33139,www.miamibeachfl.gov
REDEVELOPMENT AGENCY MEMORANUM
TO: Jimmy L. Morales, City Manager
FROM: Patricia D. Walker, Chief Financial Officer
DATE: March 5, 2014
SUBJECT: City Center Redevelopment District Financial Information
For the Period Ended January 31, 2014
At the July 15, 1998 Commission/Redevelopment Agency meeting a request was made
for monthly financial information for the City Center Redevelopment District. The
information has been compiled and is attached.
Historical Cash Basis Financial Information
The summary report included in the attached material, reflects that during the period
from October 1, 1993 through January 31, 2014 approximately $684,689,000 of
revenues were received in the City Center District of the Redevelopment Agency
("RDA"). The primary sources of these revenues included approximately:
Ad Valorem tax $ 372,197,581
Bond proceeds 108,779,453
Loews Hotel Exercise Option 27,498,975
Resort tax contributions 51,570,172
Draws from the line of credit from the City of Miami Beach 19,190,000
Anchor Garage receipts 34,539,515
Pennsylvania Garage receipts 1,934,210
Royal Palm Land Sale 12,562,278
Interest income 20,868,996
Loews Ground Lease receipts 8,234,784
Anchor Shops receipts 8,583,827
Pennsylvania Shops receipts 670,188
Loan from the City of Miami Beach 3,000,000
Contributions from GMCVB toward debt service payments 2,700,000
Reimbursements from other state and local agencies 1,975,762
Contribution from CMB Parking Department 700,000
RDP Royal Palm Ground Lease receipts 470,222
Contribution from New World Symphony 250,000
Cost of Issuance Proceeds-Series 2005 402,221
From Various Sources 8,560,375
Total Revenues $ 684,688,559
On the expenditure side, approximately $567,236,000 has been expended from October
1, 1993 through January 31, 2014.
These approximate expenditures were primarily made in the following areas:
Debt Service Payments $ 179,680,890
Convention Center Hotel Project (Loews Hotel) 61,516,007
Lincoln Road/Bass Museum Loan Repayment to CMB 30,467,142
Hotel Garage Project 18,247,976
African-American Hotel Project 12,968,666
Collins Park Cultural Center 17,324,578
Colony Theater 6,554,191
Anchor Garage Operations 24,345,984
Pennsylvania Garage Operations 1,748,292
Pennsylvania Shop Operations 997,232
Administrative Costs 26,392,927
Beachwalk Project 5,233,711
Miami City Ballet 5,859,594
Community Policing 28,791,226
Secondary Pledge Repayments (Resort Tax) 2,385,000
Washington Avenue Streetscapes 3,198,183
Lincoln Road Project 1,443,063
Water& Wastewater Pump Station 1,228,541
R.O.W. Improvements 2,356,207
New World Symphony Grant-In-Aid 15,000,000
Capital Projects Maintenance 12,434,581
City Center Greenspace Management 841,343
South Beach Area Property Management 5,865,560
Anchor Shops Operations 2,204,219
Cost of Issuance-Series 2005A&B 375,047
Movie Theater Project 182,200
Purchase of the Barclay, the Allen and the London House for
MBCDC 14,154,643
Washington Avenue Bridge Restoration Loan
($630,987 — Refunded) 700,000
Other Project Costs 84,739,303
Total Expenditures $ 567,236,306
The cash balance as of January 31, 2014 is approximately $117,452,000. This balance
consisted of the following amounts:
Cash Balance $ 34,202,208
Investments Balance 83,249,740
Debt Service Reserves 304
$ 117,452,252
JLM:PDW:sp
SUMMARY OF
CASH BASIS TRANSACTIONS
FOR THE PERIOD ENDED
JANUARY 31 , 2014
Redevelopment •ency- City Center/Historic Convention Village
SUrnmary of Basis Transactions by •
Fiscal Years ••. -2014
Total
Prior Years FY 2014 Rev./Expend.
OPENING CASH/INVESTMENT BALANCE $ $ 88,495,614
REVENUE
- Tax increment-County 164,475,583 15,917,768 $ 180,393,351
- Tax increment-City 159,546,442 18,797,457 178,343,899
- Tax increment (Interest)-County 19,057 - 19,057
- Tax increment-Children's Trust 11,742,937 1,698,337 13,441,274
- Bond proceeds 108,779,453 - 108,779,453
- Rental income 289,316 3,543 292,859
- Anchor Garage receipts 33,366,688 996,577 34,363,265
- Anchor Garage deposit card receipts 30,788 - 30,788
- Anchor Shops rental income 8,316,573 98,999 8,415,572
- Anchor Shops rental deposits 94,957 73,298 168,255
- Pennsylvania Garage receipts 1,697,972 235,998 1,933,970
- Pennsylvania Garage deposit card receipts 240 - 240
- Pennsylvania Shops rental income 414,847 83,959 498,806
- Pennsylvania Shops rental deposits 171,382 - 171,382
- Legal settlement 100,000 - 100,000
- Loews Facility Use/Usage Fee 145,462 - 145,462
- Loews Ground Lease Receipts 8,234,784 - 8,234,784
- Loew Hotel-exercise option 27,498,975 - 27,498,975
- RDP Royal Palm Ground Lease Receipts 470,222 - 470,222
- RDP Royal Palm-Sale of Land 12,562,278.00 - 12,562,278
- New World Symphony Contribution 250,000.00 - 250,000
- Interest income 20,684,135 184,861 20,868,996
- Resort tax contributions 50,157,833 1,412,339 51,570,172
- Cost of Issuance Proceeds-Series 2005 402,221 - 402,221
- Bid deposits-hotels 375,000 - 375,000
- Bid deposits-cinema 100,000 - 100,000
- Loan from City 3,000,000 - 3,000,000
- Line of credit from City 19,190,000 - 19,190,000
- Cultural Campus 1,975,762 - 1,975,762
- St. Moritz Hotel-refund/reimbursement 925,450 - 925,450
- Reimbursements(GMCVB/RE taxes/Grants) 3,864,530 - 3,864,530
- St.sales tax(receipt-income for pmt.to St) 2,371,561 - 2,371,561
- Miami City Ballet environmental clean-up 31,698 - 31,698
- Miami City Ballet Lease/Maint 104,381 22,500 126,881
- Anchor Garage insurance reimbursement 26,170 - 26,170
- Real Estate taxes refund 299,056 - 299,056
- Refund from Dept.of Mgmt Services 901,138 - 901,138
- Refund-Loews-Water/Sewer Impact Fees 348,319 - 348,319
- Refund-Police Salaries and Wages 844,503 - 844,503
- Miscellaneous/Prior Year Refunds&Voids 1,249,086 104,124 1,353,210
TOTAL REVENUE 645,058,799 39,629,760 $ 684,688,559
EXPENDITURES
PROJECTS
African-American Hotel (12,968,666) - (12,968,666)
Convention Hotel (61,516,007) - (61,516,007)
Hotel Garage-Construction (18,247,976) - (18,247,976)
Movie Theater Project (182,200) - (182,200)
Lincoln Road (1,443,063) - (1,443,063)
Beachwalk (5,233,711) - (5,233,711)
Collins Park Cultural Center (17,324,578) - (17,324,578)
Bus Prop.Ctr. (159) - (159)
i
I
Redevelopment Agency- City Center/Historic Convention Village
Sumriiary ot Cash Basis Transactions by
Fiscal Years 1994
Total
Prior Years FY 2014 Rev./Expend.
Chamber of Commerce Relocation Study (2,000) - (2,000)
Colon Theater (6,554,191) - (6,554,191)
Y
4 6 - 14,586
n f Libra 1 ,58 ( )
Construction o Library ( )
East/West Corridor (88) - (88)
Electrowave (3,161) - (3,161)
Garden Center (3,077) - (3,077)
Guidelines (12,450) - (12,450)
Old City Hall (499) - (499)
17th Street Surface Lot (256,887) - (256,887)
10A Surface Lot-Lennox (382,854) - (382,854)
Streetscapes (324,849) - (324,849)
6th Street Streetscape (577) - (577)
Botanical Gardens (356,552) - (356,552)
Transportation Mobility Study (32,225) - (32,225)
Convention Center Storm Water Improve. (2,042,572) (12,219) (2,054,791)
New World Symphony (21,314,476) (128,300) (21,442,776)
New World Symphony Park Project (14,440,890) - (14,440,890)
Washington Avenue Streetscape (3,198,183) - (3,198,183)
Rotunda (101,122) - (101,122)
R.O.W. Improvements (2,356,207) - (2,356,207)
Flamingo(16 St.Corridor) (4,721) - (4,721)
Flamingo Neigh.South-Bid A (10,186) - (10,186)
Flamingo Neigh. Lummus-Bid B (456,047) - (456,047)
Flamingo Bid C-N/E/W Neigh. (13,877) - (13,877)
Beachfront Restrooms (431,147) - (431,147)
Water&Wastewater Pump Station (1,228,541) - (1,228,541)
Miami City Ballet (5,859,594) - (5,859,594)
Wayfinding Project (348,123) - (348,123)
West Ave/Bay Road Neigh. Improve. (687,720) - (687,720)
Multi-Purpose Building Adj.City Hall (14,741,063) (21,585) (14,762,648)
Bass Museum (488,175) - (488,175)
Bass Museum Hydraulic (2,750) - (2,750)
Bass Museum HVAC Improvement (142,781) - (142,781)
Purchase of the Barclay,the Allen and the
London House for MBCDC (14,154,643) - (14,154,643)
Alleyway Restoration Program (221,632) - (221,632)
Lincoln Road Between Lennox and Alton (6,151,710) - (6,151,710)
Lincoln Road Between Collins/Washington (1,033,603) (55,223) (1,088,826)
Lincoln Road Fountain (4,484) - (4,484)
Lincoln Road Mall Accent Light (90,446) - (90,446)
Lincoln Road Landscaping (3,959) - (3,959)
Lincoln Road Uplighting (7,820) - (7,820)
Little Stage Complex (325,593) - (325,593)
Preferred Parking Surface Lot (526,649) - (526,649)
Tree Wells Pilot Project (409,571) - (409,571)
Washington Ave.Bridge Restoration Loan (700,000) - (700,000)
Collins Canal Enhancement Project (1,132,048) (34,059) (1,166,107)
Collins Park Parking Garage (5,642,764) (329,130) (5,971,894)
CCHV Neighborhood Improvements (10,606,788) (744,212) (11,351,000)
21 St Street Recreation Center Repairs (14,901) - (14,901)
Animal Waste Dispensers&Receptacles (25,000) - (25,000)
Trash Receptacles (12,400) - (12,400)
Pedestrian Countdown Signals (54,868) - (54,868)
Maze Project-21st Street&Collins (135,000) - (135,000)
Directory Signs in City Center ROW (11,207) (58,134) (69,341)
Beach Shower Replacement&Renovation (6,355) - (6,355)
24"PVC Sanitary Sewer Improvements (315,016) - (315,016)
Bicycle Parking Project (9,013) - (9,013)
Total Projects (234,324,001) (1,382,862) (235,706,863)
I
I
Redevelopment Agency-City Center/Historic Convention Village
Summary of Cash Basis Transactions by Project
Fiscal Years ••4-2014
Total
Prior Years FY 2014 Rev./Expend.
NEW WORLD SYMPHONY GRANT-IN-AID (15,000,000.00) - (15,000,000)
CAPITAL PROJECTS MAINTENANCE (12,434,581.00) - (12,434,581)
CITY CENTER GREENSPACE
MANAGEMENT (718,655) (122,688) (841,343)
SOUTH BEACH AREA PROPERTY
MANAGEMENT (5,803,380) (62,180) (5,865,560)
ADMINISTRATION (26,058,084) (334,843) (26,392,927)
COST OF ISSUANCE-SERIES 2005A&B (375,047) - (375,047)
DEBT SERV/COLOAN REPAYMENT (175,241,273) (6,824,617) (182,065,890)
CITY OF MIAMI BEACH/LOAN REPAYMENT (30,467,142) - (30,467,142)
ANCHOR GARAGE OPERATIONS (23,396,255) (949,729) (24,345,984)
ANCHOR SHOPS OPERATIONS (21184,156) (20,063) (2,204,219)
PENNSYLVANIA GARAGE OPERATIONS (1,576,801) (171,491) (1,748,292)
PENNSYLVANIA SHOPS OPERATIONS (923,367) (73,865) (997,232)
COMMUNITY POLICING (28,060,443) (730,783) (28,791,226)
TOTAL EXPENDITURES (556,563,185) (10,673,121) $ (567,236,306)
ENDING CASH/INVSTMT.BALANCE $ 88,495,614 $ 117,452,253
Redeveloprnent Agency- City Center/Historic Convention Village
Suint-nary of • Expenditure
Fiscal Years •• ,
Total
Prior Years FY 2014 Rev./Expend.
OPENING CASH/INVESTMENT BALANCE $ $ 88,495,614
REVENUE
- Tax increment-County 164,475,583 15,917,768 $ 180,393,351
- Tax increment-City 159,546,442 18,797,457 178,343,899
- Tax increment (Interest)-County 19,057 - 19,057
- Tax increment-Children's Trust 11,742,937 1,698,337 13,441,274
- Bond proceeds 108,779,453 - 108,779,453
- Rental income 289,316 3,543 292,859
- Anchor Garage receipts 33,366,688 996,577 34,363,265
- Anchor Garage deposit card receipts 30,788 - 30,788
- Anchor Shops rental income 8,316,573 98,999 8,415,572
- Anchor Shops rental deposits 94,957 73,298 168,255
- Pennsylvania Garage receipts 1,697,972 235,998 1,933,970
- Pennsylvania Garage deposit card receipts 240 - 240
- Pennsylvania Shops rental income 414,847 83,959 498,806
- Pennsylvania Shops rental deposits 171,382 - 171,382
- Legal settlement 100,000 - 100,000
- Loews Facility Use/Usage Fee 145,462 - 145,462
- Loews Ground Lease Receipts 8,234,784 - 8,234,784
- Loew Hotel-exercise option 27,498,975 - 27,498,975
- RDP Royal Palm Ground Lease Receipts 470,222 - 470,222
- RDP Royal Palm-Sale of Land 12,562,278 - 12,562,278
- New World Symphony Contribution 250,000 - 250,000
- Interest income 20,684,135 184,861 20,868,996
- Resort tax contributions 50,157,833 1,412,339 51,570,172
- Cost of Issuance Proceeds-Series 2005 402,221 - 402,221
- Bid deposits-hotels 375,000 - 375,000
- Bid deposits-cinema 100,000 - 100,000
- Loan from City 3,000,000 - 3,000,000
- Line of credit from City 19,190,000 - 19,190,000
- Cultural Campus 1,975,762 - 1,975,762
- St.Moritz Hotel-refund/reimbursement 925,450 - 925,450
- Reimbursements(GMCVB/RE taxes/Grants) 3,864,530 - 3,864,530
- St.sales tax(receipt-income for pmt.to St) 2,371,561 - 2,371,561
- Miami City Ballet environmental clean-up 31,698 - 31,698
- Miami City Ballet Lease/Maint 104,381 22,500 126,881
- Anchor Garage insurance reimbursement 26,170 - 26,170
- Real estate taxes refund 299,056 - 299,056
- Refund from Dept.of Mgmt Services 901,138 - 901,138
- Refund-Loews-Water/Sewer Impact Fees 348,319 - 348,319
- Refund-Police Salaries and Wages 844,503 - 844,503
- Miscellaneous/Prior Year Refunds&Voids 1,249,086 104,124 1,353,210
TOTAL REVENUE 645,058,799 39,629,760 $ 684,688,559
EXPENDITURES
Administrative fees (31,684) - (31,684)
Appraisal fees (125,368) - (125,368)
Bid refund (230,000) - (230,000)
Board up (60,758) - (60,758)
Bond costs (211,440) - (211,440)
Building permit fees (173,269) - (173,269)
Construction (54,909,513) - (54,909,513)
Delivery (2,995) - (2,995)
Demolition (203,195) - (203,195)
Electric service (1,976) - (1,976)
Environmental (354,908) - (354,908)
Equipment rental (55,496) - (55,496)
Hotel negotiation consultant (849,243) - (849,243)
Redevelopment Agency- City Center/Historic Convention Village
Summary of Basis Transactions by Expenditure •
Fiscal Years 1994- 2014
Total
Prior Years FY 2014 Rev./Expend.
Hotel selection/study (263,357) - (263,357)
Land acquisition (41,240,564) - (41,240,564)
Legal fees/costs (2,770,339) - (2,770,339)
Lighting (60,805) - (60,805)
Lot clearing (34,771) - (34,771)
Maintenance (245,288) - (245,288)
Miscellaneous (762,046) - (762,046)
Owner's representative fee&expenses (1,823,466) - (1,823,466)
Postage,printing&mailing (27,855) - (27,855)
Professional services (6,872,046) - (6,872,046)
Public notice/advertisement (26,472) - (26,472)
Purchase of the Barclay,the Allen and the
London House for MBCDC (14,154,643) - (14,154,643)
Refund of deposits (185,000) - (185,000)
Reimburse closing costs to C.M.B. (3,000,000) - (3,000,000)
Reimbursements (78,041) - (78,041)
Relocation (131,784) - (131,784)
Revitalization (960,522) - (960,522)
Security guard service (277,825) - (277,825)
Streetscape (401,312) - (401,312)
Temporary staffing (69,158) - (69,158)
Title insurance (25,271) - (25,271)
Traffic parking study (8,600) - (8,600)
Training,conferences&meetings (3,268) - (3,268)
Travel&related expenses (28,730) - (28,730)
Utilities (420,289) - (420,289)
Washington Ave.Bridge Restoration Loan (700,000) - (700,000)
Water/Sewer(impact fees) (25,240) - (25,240)
Total (131,806,537) - (131,806,537)
- Miscellaneous Projects (102,517,464) (1,382,862) (103,900,326)
Total Projects (234,324,001) (1,382,862) (235,706,863)
NEW WORLD SYMPHONY GRANT-IN-AID (15,000,000) - (15,000,000)
CAPITAL PROJECTS MAINTENANCE (12,434,581) - (12,434,581)
CITY CENTER GREENSPACE
MANAGEMENT (718,655) (122,688) (841,343)
SOUTH BEACH AREA PROPERTY
MANAGEMENT (5,803,380) (62,180) (5,865,560)
COST OF ISSUANCE-SERIES 2005A&B (375,047) - (375,047)
ADMINISTRATION (26,058,084) (334,843) (26,392,927)
DEBT SERVICE/LOAN REPAYMENT (175,241,273) (6,824,617) (182,065,890)
CITY OF MIAMI BEACH/LOAN REPAYMENT (30,467,142) - (30,467,142)
ANCHOR GARAGE OPERATIONS (23,396,255) (949,729) (24,345,984)
ANCHOR SHOPS OPERATIONS (2,184,156) (20,063) (2,204,219)
PENNSYLVANIA GARAGE OPERATIONS (1,576,801) (171,491) (1,748,292)
PENNSYLVANIA SHOPS OPERATIONS (923,367) (73,865) (997,232)
COMMUNITY POLICING (28,060,443) (730,783) (28,791,226)
TOTAL EXPENDITURES (556,563,185) (10,673,121) $ (567,236,306)
ENDING CASH/INVSTMT.BALANCE $ 88,495,614 $ 117,452,253
CHECK & WIRE TRANSFER
REGISTER
SORTED BY
PROJECT 8 TYPE OF
EXPENDITURE
FOR THE PERIOD ENDED
JANUARY 31 , 2014
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ATTACHMENT "A"
SUMMARY OF MAJOR
PROJECTS
SUMMARY OF CAPITAL PROJECTS
CURRENT YEAR EXPENDITURES
City Center
City Center Right-of-Way Imor./Convention Center Storm Water Imprv.
(City Center-Commercial District BP9B)(PA: rwscchvb9b)
This project includes the restoration and enhancement of right-of
ways/streetscapes throughout the City Center, including roadway,
sidewalks, curb and gutter, landscape, streetscape, irrigation,
lighting, potable water, and storm drainage infrastructure as needed.
The project limits include Drexel Avenue from Lincoln Lane to
Lincoln Lane North, Pennsylvania Avenue from 16th to 17th Street,
Euclid Avenue from Lincoln Lane to Lincoln Road Mall, Meridian
Avenue from 16th to 17th, Jefferson Avenue from Lincoln Lane to
17th St., Michigan Avenue from 16th to 17th, Lenox Avenue from 16th
to 17th, Lenox Court, Lincoln Lane to 16th, Lincoln Lane from Drexel
to Alton Rd., Lincoln Lane North from Washington to Alton,
Washington to Dade Blvd,Convention Center Drive and 19th Street.
Project Management Department: CIP Office
Total Project Cost: $13,209,842
Total CRA participation: 13 209 842
$ ,
Source: Pg. 310 - Capital Improvement Plan and FY 08/09 Capital
Budget
New World Symphony Park Project(PA: pkmnwspark)
This project is for a new park which is an integral component of the
overall Master Plan involving the New World Symphony Sound
Space Project. The partnership between the City and the New World
Symphony(the"Symphony")has resulted in the New World Center;
a new, state of the art performance and recording facility which
opened in February 2011 on City-owned land, with the adjacent City
owned 2.85 acre park, SoundScape, which features a 7,000 square
foot projection wall on the eastern front of the New World building.
Complete with a world-class audio system, ExoStage after dark
provides a canvas for video art, music, film and simulcasts of
concerts playing inside the New World Center. This facility is a
technological wonder designed by celebrity architect Frank Gehry
and the first of its kind in the world.
Project Management Department: RDA
Total Project Cost: $22,300,000
Total CRA participation: $22,300,000
Source: Pg. 273 - Capital Improvement Plan and FY 08/09 Capital
Budget
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i
SUMMARY OF CAPITAL PROJECTS
CURRENT YEAR EXPENDITURES
City Center(Continued
CCHC Neighborhood Improvements—Historic District(PA: rwscityctr)
This project includes improvements to the stormwater collection and
disposal system upgrades, water distribution center upgrades,
roadway resurfacing and streetscape enhancements, landscaping,
traffic calming installations, additional pedestrian lighting, and
enhanced pedestrian linkages. The project limits are bounded by
Washington Avenue to the west, Collins Avenue to the east, Lincoln
Road to the South,and Dade Blvd to the north, and includes James,
Park and Liberty Avenue, 17`h, 18`h, 19`h and 201h Streets, and 21s'
Street west of Park Avenue. The City entered into an agreement
with Chen and Associates for the design of the project.
Project Management Department: CIP Office
Total Project Cost: $18,502,024
Total CRA participation: $18,463,939
Source: Pg. 309 - Capital Improvement Plan and FY 08/09 Capital
Budget
Lincoln Road between Collins& Washington (rwmlincoln)
This project is between the Lincoln Road Mall and the Beachfront
Area, and will be designed to address the needs of the commercial
and retail area as well as the pedestrian, private and public vehicular
access. The project includes roadway reconfiguration to
accommodate uniform traffic lanes throughout, installation of a
landscaped center median with uplighting, sidewalk replacement,
installation of a brick paver crosswalk with ADA curb ramps,
installation of a bump out to formalize the parking area and reduce
the crosswalk distance, installation of street furniture and resurfacing
of the asphalt pavement.
Project Management Department: CIP Office
Total Project Cost: $2,488,093
Total CRA participation: $2,488,093
Source: Pg. 324 - Capital Improvement Plan and FY 08/09 Capital
Budget
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1
SUMMARY OF CAPITAL PROJECTS
CURRENT YEAR EXPENDITURES
City Center(Continued
Collins Park Parkine Garatie/Land(PA: pamculcamp)
This project is for a new parking facility including commercial space
and a parking garage holding aprox. 360 spaces.Current request only
includes fees for the A/E services and testing. Potential land
acquisition costs related to the purchase of the lot from Amriv.
Project Management Department: CIP Office
Total Project Cost: $3,282,240
Total CRA participation: $3,282,240
Source: Pg. 287 - Capital Improvement Plan and FY 11/12 Capital
Budget
Collins Canal Enhancement Project(PA: enccollcep)
The Collins Canal Enhancement Project includes the development of
the Dade Blvd. Bike path, which is a recreational greenway that will
connect to the Venetian Causeway Bike Path and the Beachwalk, as
well as seawall restoration for the north bank of the canal. The
major bikeway artery will tie into a regional network of planned
recreational trails/alternative transportation routes,called the Atlantic
Greenway Network, connecting five public parks, eight beach access
areas,and seven regional parking facilities in Miami Beach. This
project is part of the larger Atlantic Greenway Network which aims
to promote the use of alternative transportation and reduce traffic
congestion. The Collins Canal Project will provide environmental,
social and human health benefits to the community.
Project Management Department: Public Works
Total Project Cost: $8,555,127
Total CRA participation: $1,600,000
Source: Pg. 94 - Capital Improvement Plan and FY 08/09 Capital
Budget
For more information about Redevelopment Agency-City Center Capital Projects please refer to:
http://web.miamibeachfl.g-ov/excellence/scroll.aspx?id=18274
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