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2015-28986 Reso RESOLUTION NO. 2015-28986 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ADOPTING THE FOURTH AMENDMENT TO THE CAPITAL BUDGET FOR FISCAL YEAR 2014/15. WHEREAS, the final Capital Improvement Plan for FY 2014/15 — 2018/19 and the final Capital Budget for FY 2014/15 was adopted via Resolution 2014-28863 on December 2, 2014; and WHEREAS, the first amendment to the Miami Beach Capital Budget for FY 2014/15 was adopted on December 2, 2014 via Resolution No. 2014-28864; and WHEREAS, the second amendment to the Miami Beach Capital Budget for FY 2014/15 was adopted on January 14, 2015 via Resolution No. 2015-28901; and WHEREAS, the third amendment to the Miami Beach Capital Budget for FY 2014/15 was adopted on March 11, 2015 via Resolution No. 2015-28951; and WHEREAS, the proposed amendment to the FY 2014/15 Capital Budget are included in "Attachment A—Source of Funds"and "Attachment B—Program"; and WHEREAS, it is recommended the FY 2014/15 Capital Budget be amended to add appropriations totaling $7,500,000 and re-appropriate $35,000 between existing projects as highlighted in "Attachment C — Projects" and further detailed in the attached Commission Memorandum. NOW THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, that the Mayor and City Commission hereby adopt the Fourth Amendment to the Capital Budget for Fiscal Year 2014/15 as •"shown in Attachment A (Source of Funds), Attachment B (Programs) and Attachment C (Projects). PASSED AND ADOPTED this 15th day of April, 2015. ATTEST: /, „Al PHILIP LEVI _";,MAYOR r.%%W�\\\�,' , • .■ N:tie /Ai& RA.�HAEL E. G -' Ob r C'T"'� `, ARM& LANGUAGE •:• i &FOR EXECUTION INCORP ORATED: �``�' ''��_ City Attorney e ATTACHMENT A FY 2014/15 CAPITAL BUDGET SOURCE OF FUNDS Amended 04/15/15 Amended Funding Source Amended 3/11/15 4/15/15 Revised 2003 GO Bonds-Neighborhood Improvement $ 160,000 $ 160,000 2003 GO Bonds-Fire Safety 625,000 625,000 2010 Parking Bonds Reso.2010-27491 2,301,000 2,301,000 7th Street Garage 1,350,695 1,350,695 Capital Projects Financed by Other Funds 2,265,000 2,265,000 Capital Reserve .. .8,521,285 8,521,285 Convention Center 525,000 525,000 Concurrency Mitigation 2,060,000 2,060,000 Equipment Loan/Lease 4,947,000 4,947,000 Fleet Management Fund 50,000 50,000 Half Cent Transit Surtax-County 2,333,000 2,333,000 Info&Communications Technology Fund 280,000 280,000 Local Option Gas Tax 336,000 336,000 MB Quality of Life Resort Tax Fund-1% 5,235,900 5,235,900 Miami-Dade County Bond 54,400,000 54,400,000 NB Quality of Life Resort Tax Fund-1% 2,984,000 2,984,000 Non TIF RDA (11,712,000) (11,712,000) Parking Operations Fund 4,841,000 4,841,000 Pay-As-You-Go 2,863,000 2,863,000 Penn Garage 402,000 402,000 Proposed Future RDA Bonds 310,050,000 310,050,000 Proposed Future Resort Tax 1 Bonds 204,500,000 204,500,000 Proposed Future Water&Sewer Bonds 14,476,000 14,476,000 Proposed Parking Bonds 59,500,000 59,500,000 Proposed Sormwater Bonds 51,876,000 51,876,000 RDA Garage Fund 2,841,000 2,841,000 Renewal&Replacement Fund 3,035,120 3,035,120 SB Quality of Life Resort Tax Fund-1% 1,870,000 1,870,000 Sanitation Enterprise Fund 375,000 375,000 South Pointe Capital 14,874,000 14,874,000 W&S GBL Series 2010 CMB Reso 2009-27243 458,000 458,000 Water and Sewer Enterprise Fund 150,000 150,000 Clean Water State Revolving Loan Fund - 7,500,000 7,500,000 Total Appropriation as of 04/15/15 $ 748,773,000 $ 7,500,000 $ 756,273,000 ATTACHMENT B FY 2014/15 CAPITAL BUDGET PROGRAMS Amended 04/15/15 Amended Amended Program Area 3/11/15 4/15/15 Revised Bridges $ 283,000 $ 283,000 Comm unity Centers 42,000 42,000 Convention Center 522,013,000 522,013,000 Environmental 224,000 224,000 Equipment 9,405,000 9,405,000 General Public Buildings 5,588,000 5,588,000 Golf Courses 124,000 124,000 Information Technology 1,780,000 1,780,000 Monuments. 233,000 233,000 Parking 833,000 833,000 Parking Garages 61,374,214 61,374,214 Parking Lots 468,000 468,000 Parks 8,159,900 8,159,900 Renewal&Replacement 6,677,601 6,677,601 Seawalls 254,000 254,000 Streets/Sidewalk Imps - 98,453,393 98,453,393 Transit/Transportation 8,771,000 8,771,000 Utilities 24,089,892 7,500,000 31,589,892 Total Appropriation as of 04/15/15 $ 748,773,000 $ 7,500,000 $ 756,273,000 ATTACHMENT C CAPITAL BUDGET PROJECTS Amended 04/15/15 Capital Project Name Amended Amended Revised Capital 3/11/15 4/15/15 Budget Storm Water System Planning Program $ - $ 7,500,000 $ 7,500,000 Info&Comm Tech Contingency $ 479,722 $ (35,000) $ 444,722 Data Center Improvements - 35,000 35,000 Total $ 479,722 $ 7,500,000 $ 7,979,722 COMMISSION ITEM SUMMARY Condensed Title: A Resolution of the Mayor and City Commission of the City of Miami Beach, Florida, Adopting the Fourth Amendment to the Capital Budget for Fiscal Year 2014/15. Key Intended Outcome Supported: Ensure Value and Timely Delivery of Quality Capital Projects, Improve Storm Drainage Citywide, and Maintain City's Infrastructure Supporting Data(Surveys, Environmental Scan, etc.): N/A Item Summary/Recommendation: Planning for capital improvements is an ongoing process;as needs change within the City, 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 capital development, improvements and associated needs. The City's capital improvement plan process begins 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 CIP is updated annually and submitted to the City Commission for adoption. The 2014/15—2018/19 Capital Improvement Plan and FY 2014/15 Capital Budget was adopted on December 2,2014 by resolution 2014-28863. The First Amendment to the FY 2014/15 Capital Budget was also approved on December 2, 2014 by resolution 2014-28864. The Second Amendment to the FY 2014/15 Capital Budget was also approved on January 14, 2015 by resolution 2015-28901. The Third Amendment to the FY 2014/15 Capital Budget was approved on March 11,2015 by resolution 2015-28951. Section 166.241(4)(c.), Florida Statutes, requires that a municipality's budget amendment must be adopted in the same manner as the original budget. Administration recommends adopting the resolution for the fourth amendment to the FY 2014/15 Capital Budget. The fourth amendment to the FY 2014/15 Capital Budget adds appropriation of$7,500,000 to appropriate funding for a loan from the Clean Water State Revolving Fund program to implement a Storm Water System Planning Project and a re-appropriation of$35,000 for Data Center Improvements as mandated by the Florida Department of Law Enforcement(FDLE). Advisory Board Recommendation: Financial Information: Source of Amount Account Funds: $7,500,000 Clean Water State Revolving Loan Fund OBPI Total $7,500,000 City Clerk's Office Legislative Tracking: Sign-Offs:Depart i ent Director Assistant City Manager ' City Manager Lu ,w,J A - - MIAMIBEACH AGENDA ITEM R7A DATE 11-1S--I� MIAMIBEACH City of Miami Beach,1700 Convention Center Drive,Miami Beach,Florida 33139,www.miamibeachfl.gov COMMISSION MEMORANDUM TO: Mayor Philip Levine and Members the City f ommission FROM: Jimmy L. Morales, City Manager DATE: April 15, 2015 SUBJECT: A RESOLUTION OF THE MAYO AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ADOPTING THE FOURTH AMENDMENT TO THE CAPITAL BUDGET FOR FISCAL YEAR 2014/15. ADMINISTRATION RECOMMENDATION Adopt the Resolution. BACKGROUND Planning for capital improvements is an ongoing process; as needs change within the City, 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 capital development, improvements and associated needs. The City's capital improvement plan process begins 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 CIP is updated annually and submitted to the City Commission for adoption. The 2014/15— 2018/19 Capital Improvement Plan and FY 2014/15 Capital Budget was adopted on December 2, 2014 by resolution 2014-28863. The First Amendment to the FY 2014/15 Capital Budget was approved on December 2, 2014 by resolution 2014-28864. The Second Amendment to the FY 2014/15 Capital Budget was approved on January 14, 2015 by resolution 2015-28901. The Third Amendment to the FY 2014/15 Capital Budget was approved on March 11, 2015 by resolution 2015-28951. Section 166.241(4)(c.), Florida Statutes, requires that a municipality's budget amendment must be adopted in the same manner as the original budget. Administration recommends adopting the resolution for the fourth amendment to the FY 2014/15 Capital Budget. Resolution Adopting the Fourth Amendment to the Capital Budget for FY 2014/15 April 15, 2015 Page 2 of 2 FOURTH AMENDMENT TO THE FY 2014/15 CAPITAL BUDGET The fourth amendment to the FY 2014/15 Capital Budget totals an increase of$7,500,000 and a re-appropriation of$35,000 in order to provide additional funding to the following capital project. 1. Storm Water System Planning Project: This budget amendment appropriates a $7.5 million loan from the Clean Water State Revolving Fund program administrated through the Department of Environmental Protection. This program provides low- interest loans for planning, designing, and constructing water pollution control facilities. The City of Miami Beach has received a planning loan to provide funding for the preparation of a comprehensive facilities plan and related documents. These funds can also be used as local matching requirements for most EPA grant funded treatment works projects. The loan will be repaid from the Storm Water Fund over a twenty-year period at an annual interest rate of 1.62%. Funding for this amendment would come from fund balance in the Clean Water State Revolving Loan Fund. Prior Years' Appropriations $0 April 15, 2015 Budget Amendment 7,500,000 Proposed Total Appropriations $7,500,000 2. Data Center Improvements: This budget amendment would fund a new capital project to address compliance issues associated with a Florida Department of Law Enforcement(FDLE) Technical Audit completed in January 2015. This project would secure the cage areas in the Verizon Terremark Data Center, where the City hosts • all of-its network, server; and data infrastructure; to meet FDLE requirements. Funding for this amendment would be realigned from the IT Tech Contingency Project- IT Tech Fund 552. 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