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2015-29120 Reso RESOLUTION NO. 2015-29120 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ADOPTING THE SIXTH 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 fourth amendment to the Miami Beach Capital Budget for FY 2014/15 was adopted on April 15, 2015 via Resolution No. 2015-28986; and WHEREAS, the fifth amendment to the Miami Beach Capital Budget for FY 2014/15 was adopted on June 10, 2015 via Resolution No. 2015-29048; and WHEREAS, the proposed amendment to the FY 2014/15 Capital Budget is included in "Attachment A—Source of Funds" and "Attachment B— Programs"; and WHEREAS, the City Administration recommends that FY 2014/15 Capital Budget be amended to add appropriations totaling $11,344,634 to the projects as highlighted in "Attachment C — Projects" and as 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 Sixth Amendment to the Capital Budget for Fiscal Year 2014/15 as set forth in Attachment A (Source of Funds), Attachment B (Programs), and Attachment C (Projects). PASSED AND ADOPTED this 2"d day of September, 2015. ATTEST: BP 11 11 � O 1 ... ••9 111 cl' .-olr•4 ve i m'--, Mayor • -ENCORE DRAT f�] �' APPROVED AS TO .,_ T 'j. _,'��, FORM & LANGUAGE S Rap ael Ems' nado, ity' ► .. • \. 1 _ &FOR EXECUTION o CH 2e / /_lam City Attorney Date ATTACHMENT A FY 2014/15 CAPITAL BUDGET SOURCE OF FUNDS Amended 09/02/15 Funding Source Amended 6/10/15 Amended 9/2/15 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 Mtigation 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 Line of Credit 0 2,580,706 2,580,706 Local Option Gas Tax 336,000 336,000 MB Quality of Life Resort Tax Fund- 1% 5,235,900 5,235,900 Mami-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 4,878,000 4,878,000 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 Stormwater Bonds 51,876,000 8,683,928 60,559,928 RDA Garage Fund 2,841,000 2,841,000 Renewal&Replacement Fund 3,119,120 3,119,120 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 Bonds 200S 0 80,000 80,000 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 $ 756,394,000 $ 11,344,634 $ 767,738,634 Note:$2,204,000 of Water and Sewer Bonds 2000S—Fund 420 realigned from the 54 inch Diameter Redundant Sewer Force Main project;the Water&Sewer funds would be replaced with Line of Credit-Fund 429. $376,706 of Gulf Breeze 2006—Fund 423 realigned from the Venetian Neighborhood-Venetian Islands project;the Water&Sewer funds would be replaced with Line of Credit-Fund 429. ATTACHMENT B FY 2014/15 CAPITAL BUDGET PROGRAMS Amended 09/02/15 Amended Amended Program Area 6/10/15 9/2/15 Revised Bridges $ 283,000 $ - $ 283,000 Community 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 5,672,000 - 5,672,000 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 505,000 - 505,000 Parks 8,159,900 - 8,159,900 Renewal & Replacement 6,677,601 - 6,677,601 Seawalls 254,000 - 254,000 Streets/Sidewalk Imps 98,379,608 7,014,634 105,394,242 Transit/Transportation 8,771,000 - 8,771,000 Utilities 31,663,677 4,330,000 35,993,677 Total Appropriation as of 04/15/15 . $ 756,394,000 $ 11,344,634 $ 767,738,634 Note:$2,204,000 of Water and Sewer Bonds 2000S—Fund 420 realigned from the 54 inch Diameter Redundant Sewer Force Main project;the Water& Sewer funds would be replaced with Line of Credit-Fund 429. $376,706 of Gulf Breeze 2006— Fund 423 realigned from the Venetian Neighborhood-Venetian Islands project;the Water& Sewer funds would be replaced with Line of Credit-Fund 429. . ATTACHMENT C CAPITAL. BUDGET PROJECTS Amended 09/02/15 Amended 09/02/15 Amended Amended Revised Capital Project Name 6/10/15 9/2/15 Capital Budget West Avenue/Bay Road Improvements $34,242,008 $ 7,014,634 $ 41,256,642 Sunset Harbor Pump Station Upgrades 8,027,718 4,250,000. 12,277,718 Upsizing Under Capacity Water Mains Citywide from Indian Creek Drive to 41st Street 3,035,669 80,000 3,115,669 Total $45,305,395 $ 11,344,634 $ 56,650,029 Note:$2,204,000 of Water and Sewer Bonds 2000S—Fund 420 realigned from the 54 inch Diameter Redundant Sewer Force Main project;the Water& Sewer funds would be replaced i w/th Line of Credit-Fund 429. $376,706 of Gulf Breeze 2006—Fund 423 realigned from the Venetian Neighborhood-Venetian Islands project;the Water& Sewer funds would be replaced with Line of Credit-Fund 429. COMMISSION ITEM SUMMARY Condensed Title: A Resolution of the Mayor and City Commission of the City of Miami Beach, Florida, Adopting the Sixth 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. The Fourth Amendment to the FY 2014/15 Capital Budget was approved on April 15, 2015 by resolution 2015-28986. The Fifth Amendment to the FY 2014/15 Capital Budget was approved on June 10,2015 by resolution 2015-29048. 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.The Sixth Amendment to the FY 2014/15 Capital Budget totals an increase of$11,344,634 and in order to provide additional funding to the following three capital projects: 1. West Avenue/Bay Road Improvements 2. Sunset Harbor Pump Station Upgrades 3. Upsizing Under Capacity Water Mains Citywide from Indian Creek Drive to 41st Street Advisory Board Recommendation: Financial Information: Source of Amount Account Funds: $8,683,928 Stormwater Bonds—Fund 432 ig • $2,580,706 Line of Credit—Fund 429 $80,000 Water&Sewer 2000 Bonds—Fund 424 OBPI Total $11,344,634 City Clerk's Office Legislative Trackin•: _'gn-Offs:Depart, ent Direct, Assistant City Manager k City Manager rilLYWEIMMAIPAIMIIIMIIIMIIIIM=NM= WiWir AGENDA ITEM P1 MIAMI c�EDATE q-2..-1 INN .ddlill . ■.. - 1915 . 2015 j [AC H City of Miami Beach, 1700 Convention Center Drive,Miami Beach,Florida 33139,www.miamibeachfl.gov COMMISSION MEMORANDUM TO: Mayor Philip Levine and Members of e City Com► ission FROM: Jimmy L. Morales, City Manager DATE: September 2, 2015 SUBJECT: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ADOPTING THE SIXTH 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. The Fourth Amendment to the FY 2014/15 Capital budget was approved on April 15, 2015 by resolution 2015-28986. The Fifth Amendment to the FY 2014/15 Capital budget was approved on June 10, 2015 by resolution 2015-29048. 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 sixth amendment to the FY 2014/15 Capital Budget. Resolution Adopting the Sixth Amendment to the Capital Budget for FY 2014/15 September 2, 2015 Page 2 of 3 SIXTH AMENDMENT TO THE FY 2014/15 CAPITAL BUDGET The Sixth Amendment to the FY 2014/15 Capital Budget totals an increase of $11,344,634 in order to provide additional funding to the following capital projects. 1. West Avenue / Bay Road Improvements: At its October 29, 2014 meeting, the City Commission approved Change Order No. 3 for additional scope including additional stormwater and drainage improvements, a new pump station, and related above-ground streetscape improvements. This budget amendment moves the appropriated but unencumbered funds to cover the additional costs of the change order. The funding of $7,014,634 for this amendment would come from the following sources: • $4,433,928 of Stormwater Bonds, Series 2015— Fund 432 •. $2,204,000 of Water and Sewer Bonds 2000S — Fund 420 reallocate from the 54 inch Diameter Redundant Sewer Force Main project; the Water & Sewer funds would be replaced with.Line of Credit-Fund 429 • $376,706 of Gulf Breeze 2006 — Fund 423 reallocate from the Venetian Neighborhood-Venetian Islands project; the Water & Sewer funds would be replaced with Line of Credit-Fund 429 Prior Years'Appropriations $34,242,008 September 2, 2015 Budget Amendment 7,014,634 Proposed Total Appropriations $41,256,642 2. Sunset Harbor Pump Station Upgrades: At its October 29, 2014 meeting, the City Commission approved Change Order No. 1 for additional engineering services, drainage structure modification, drainage pipe, and water main replacement. This budget amendment appropriates funds to cover the additional costs of the change order. The necessary funding of $4,250,000 for this amendment would come from Stormwater Bonds, Series 2015— Fund 432. Prior Years'Appropriations $8,027,718 September 2, 2015 Budget Amendment 4,250,000 Proposed Total Appropriations $12,277,718 Resolution Adopting the Sixth Amendment to the Capital Budget for FY 2014/15 September 2, 2015 Page 3 of 3 3. Upsizing Under Capacity Water Mains Citywide from Indian Creek Drive to 41st Street: This budget amendment would allocate $80,000 from fund balance in Water & Sewer Bonds 2000S — fund 424. The $80,000 would be used to cover the settlement agreement between the City of Miami Beach and Bermello Ajamil & Partners, Inc. for extended Professional Construction Engineering and Inspection (CEI) services for the FDOT work included in the water mains and sanitary sewer mains, and milling and resurfacing improvements along Indian Creek Drive, between 26th and 41st streets. 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