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2016-29637 Reso RESOLUTION NO. 2016-29637 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ADOPTING THE FIRST AMENDMENT TO THE CAPITAL BUDGET FOR FISCAL YEAR 2016/17. WHEREAS, the final Capital Improvement Plan for Fiscal Years 2016/17 — 2020/21 and the final Capital Budget for FY 2016/17 were adopted via Resolution No.2016-29582 on September 27, 2016; and WHEREAS, City budget amendments pursuant to Section 166.241(4)(c) of the Florida Statutes must be adopted in the same manner as the original budget; and WHEREAS, the proposed amendments to the FY 2016/17 Capital Budget are included in Attachment A(Source of Funds) and Attachment B (Programs); and WHEREAS, further, it is recommended by the Administration that the FY 2016/17 Capital Budget be amended to add appropriations totaling $5,921,402 and to re- appropriate $5,856,402 between existing projects as highlighted in Attachment C (Projects) and as further detailed in the attached Commission Memorandum. NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City Commission hereby adopt the First Amendment to the Capital Budget for Fiscal Year 2016/17 as set forth in Attachment A (Source of Funds), Attachment B (Programs), and Attachment C (Projects). PASSED AND ADOPTED this 9th day of November, 2016. ATTEST: r PHILIP LEV -) "'OR ly j. RArAEL - - -ANA'O,„ ifs. ) �� •�'�" � � � APPROVED AS TO • • rizo FORM & LANGUAGE .'NCO' - &FOR EXECUTION �/ " 111964(g)' /6 \ -7- City A 7"y ra5i Date ATTACHMENT A FY 2016/17 CAPITAL BUDGET SOURCE OF FUNDS Amended 11/9/16 Adopted Capital Funding Source Budget Amended 11/9/16 Revised 97 Parking System Revenue Bd $ 54,405 $ 54,405 2001 Gulf Breeze-Normandy Golf 128,203 128,203 2003 GO Bonds-Neighborhood Improvement 1,509,738 1,509,738 2003 GO Bonds-Parks&Rec 197,838 197,838 2010 Parking Bonds Reso.2010-27491 3,259,331 3,259,331 3 Cent Local Option Gas Tax 1,300,000 1,300,000 7th Street Garage 2,563,569 2,563,569 Art in Public Places 6,250,000 6,250,000 Community Development Block Grant Fund 542,554 542,554 Concurrency Mtigation 5,000,000 5,000,000 Convention Center 0 65,000 65,000 Half Cent Transit Surtax-County 3,436,818 3,436,818 Line of Credit 0 5,856,402 5,856,402 Parking Impact Fees 6,150,000 6,150,000 Parking Operations Fund 6,363,000 6,363,000 Pay-As-You-Go 3,558,221 3,558,221 RDAAnchor Shoppe 6,000,000 6,000,000 RDA Garage Fund 7,000,000 7,000,000 RDA-Non TIF 9,000,000 9,000,000 Realloc.Funds-Other Capital Projects 641,000 641,000 Renewal&Replacement Fund 1,164,000 1,164,000 Resort Tax-North Beach 4,213,000 4,213,000 Resort Tax Md Beach 4,168,600 4,168,600 Resort Tax-South Beach 2,293,000 2,293,000 Resort Tax Fund-2% 13,000,000 13,000,000 South Pointe Renewal&Replacement Fund 493,425 493,425 Total Appropriation as of 10/1/16 $ 88,286,702 $ 5,921,402 $ 94,208,104 NOTE:The increase to the City Center Commercial Distrcit BP9B project will be funded by funds previously I appropriated to the Bayshore Neighborhood Central Bayshore South and Palm&Hibiscus Island Enhancement projects ($1,065,000 and$4,791,402 respectively). These projects will be temporarily funded through the line of credit,pending future Storm water Fund availability. ATTACHMENT B FY 2016/17 CAPITAL BUDGET PROGRAMS Amended 11/9/16 Adopted Capital Program Area Budget Amended 11/9/16 Revised Art in Public Places $ 6,250,000 $ 6,250,000 Bridges 150,000 150,000 Community Centers 102,600 102,600 Convention Center 0 65,000 65,000 Environmental 2,200,000 2,200,000 Equipment 443,000 443,000 General Public Buildings 767,554 767,554 Golf Courses 65,000 65,000 Lighting 1,996,000 1,996,000 Parking Garages 20,741,000 20,741,000 Parks 7,344,000 7,344,000 Renewal&Replacement 2,726,305 2,726,305 Streets/Sidewalk Imps 5,614,425 5,856,402 11,470,827 Transit/Transportation 39,886,818 39,886,818 Total Appropriation as of 10/1/16 $ 88,286,702 $ 5,921,402 $ 94,208,104 i NOTE:The increase to the City Center Commercial Distrcit BP9B project will be funded by funds 1 previously appropriated to the Bayshore Neighborhood Central Bayshore South and Palm& !Hibiscus Island Enhancement projects ($1,065,000 and$4,791,402 respectively). These projects 1 will be temporarily funded through the line of credit,pending future Storm water Fund availability. ATTACHMENT C CAPITAL BUDGET PROJECTS Amended 11/9/16 Capital Project Name Adopted Capital Amended Revised Capital Budget 11/9/16 Budget Convention Center $ 605,058,381 $ 65,000 $ 605,123,381 Bayshore Neighborhood Central Bayshore-South 21,775,703 0 $ 21,775,703 Palm&Hibiscus Island Enhancement 47,989,012 0 $ 47,989,012 City Center Commercial District BP9B 13,535,842 5,856,402 $ 19,392,244 Total $ 688,358,938 $ 5,921,402 $ 694,280,340 Resolutions - R7 C MIAMI BEACH COMMISSION MEMORANDUM TO: Honorable Mayor and Members of the City Commission FROM: Jimmy L. Morales, City Manager DATE: November 9, 2016 11:00 a.m. Public Hearing SUBJECT: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ADOPTING THE FIRST AMENDMENT TO THE CAPITAL BUDGET FOR FISCAL YEAR 2016/17. RECOMMENDATION Adopt the resolution amending the FY 2016/17 Capital Budget. ANALYSIS 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 2016/17 — 2020/21 Capital Improvement Plan and FY 2016/17 Capital Budget was adopted on September 27, 2016 by resolution 2016-29582. 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 first amendment to the FY 2016/17 Capital Budget. FIRST AMENDMENT TO THE FY 2016/17 CAPITAL BUDGET The First Amendment to the FY 2016/17 Capital Budget totals an increase of $5,921,402 and re-appropriations of $5,856,402 in order to provide additional funding to the following capital projects. Page 447 of 906 1. Convention Center Kitchen Equipment: This budget amendment would increase funding to an existing project. Additional funds that are needed are associated with the renovation and expansion of the Convention Center. This amendment is to fund a new dishwasher for the Convention Center Kitchen. The existing kitchen was not originally intended to require a complete renovation, but additional inspection and testing revealed more work is required to bring the kitchen up to current code. The Convention Center Renovation and Expansion Project is paying most of the cost, but does not have sufficient funds for the dishwasher. Funding for this amendment would come from Convention Center Fund balance-440. Prior Years'Appropriations $605,058,381 November 9, 2016 Budget Amendment 65,000 Proposed Total Appropriations $605,123,381 2 . City Center Commercial District BP9B: An amount totaling $5,856,402 is currently needed to fund the installation of the pump station to be located at 19th Street between Convention Center Drive and Meridian Avenue as part of the ongoing effort to perform improvements of the existing drainage conditions citywide. The pump station will serve the redevelopment of the Convention Center and a major portion of the Lincoln Road District Projects and will cover approximately 200 acres bordered by Collins Canal to the north, Lincoln Lane South to the south, Collins Avenue to the east and half way between Michigan and Jefferson Avenues to the west. Public Works staff recommend that $5,856,402 be re- appropriated to this project from the following projects, funding for which will be moved to the Line of Credit pending future Stormwater Fund availability. • Bayshore Neighborhood Central Bayshore South- $1,065,000 • Palm & Hibiscus Island Enhancement- $4,791,402 Prior Years'Appropriations $13,535,842 November 9, 2016 Budget Amendment 5,856,402 Proposed Total Appropriations $19,392,244 CONCLUSION The Administration recommends that the Mayor and City Commission adopt the First Amendment to the Capital Budget for Fiscal Year(FY)2016/17. KEY INTENDED OUTCOMES SUPPORTED Ensure Expenditure Trends Are Sustainable Over The Long Term Legislative Tracking Budget and Performance Improvement Page 448 of 906