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426-2002 RDA Reso RESOLUTION NO. 426-2002 A RESOLUTION OF THE CHAIRMAN AND MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY APPROPRIATING FUNDS IN THE AMOUNT OF $320,139 FROM SOUTH POINTE TAX INCREMENT FUNDS, IN ACCORDANCE WITH THE SETTLEMENT AGREEMENT AMONGST THE CITY OF MIAMI BEACH, THE MIAMI BEACH REDEVELOPMENT AGENCY, AND WEST SIDE PARTNERS LIMITED WITH RESPECT TO THE CONSTRUCTION COSTS OF THE WATER MAIN RELOCATION WITHIN THE SSDI-NORTH PARCEL; IN ACCORDANCE WITH A SURVIVING PROVISION OF THE 1995 DEVELOPMENT AGREEMENT WHEREAS, in November 1995, the City of Miami Beach, the Miami Beach Redevelopment Agency and the Portofino Group entered into a Development Agreement that was terminated in June 1997; and WHEREAS, in October 1998, the parties entered into a Settlement Agreement that transferred the deed to SSDI-North (which was held in escrow) to West Side Partners, Limited and sets forth the obligations of the parties with respect to the Development of SSDI-North and SSDI-South parcels; and WHEREAS, as part of the Settlement Agreement between the City of Miami Beach, the Miami Beach Redevelopment Agency and West Side Partners, Limited, it was contemplated that West Side Partners would develop the SSDI-North parcel in two stages; and WHEREAS, the developer, The Related Companies (TRG), has purchased the property from West Side Partners, Limited and initiated development of the the SSDI- North parcel in September 2001 ; and WHEREAS, in connection with this construction commencement, several construction activities must occur on the northerly portion of SSDI-North and adjacent properties to support the proposed Murano Grande Phases 1 and 2 projects; and WHEREAS, as part of the Settlement Agreement, the parties entered into a Grant of Baywalk Easement that grants the City a permanent and irrevocable non- exclusive easement along the Baywalk that also obligates the City / RDA to fund the costs and expenses associated with the physical relocation of the utilities within the SSDI-North property; and WHEREAS, these utility relocations include the existing electrical services, water main and storm water utilities, among others; and WHEREAS, the cost to relocate the water main utility so that Murano Grande Phase 1 /2 construction may proceed is estimated at $320,139. NOW, THEREFORE, BE IT DULY RESOLVED BY THE CHAIRMAN AND MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY, that the Chairman and Members of the Miami Beach Redevelopment Agency herein appropriate funds in the amount of $320,139 from South Pointe Tax Increment Funds, in accordance with the Settlement Agreement amongst the City of Miami Beach, the Miami Beach Redevelopment Agency, and West Side Partners Limited with respect to the construction costs of the water main relocation within the SSDI-North parcel; in accordance with a surviving provision of the 1995 Development Agreement PASSED and ADOPTED this 10th day of July, 2002. ATTEST: ~tP~ SECRETARY . APPROVED AS TO FORM & LANGUAGE & FOR _ 1;,!--{JL ~ CITY OF MIAMI BEACH REDEVELOPMENT AGENCY ITEM SUMMARY lC\ Condensed Title: A Resolution appropriating $320,139 from the available South Pointe Tax Increment Funds for the relocation of the Water Main system within the SSDI-North Parcel, pursuant to the Portofino Settlement Agreement. Issue: In November 1995, the City of Miami Beach, the Miami Beach Redevelopment Agency and the Portofino Group entered into a Development Agreement that was terminated in June 1997. In October 1998, the parties entered into a Settlement Agreement that transferred the deed to SSDI-North (which was held in escrow) to West Side Partners, Limited and sets forth the obligations of the parties with respect to the Development of SSDI-North and SSDI-South parcels. As part of the Settlement Agreement between the City of Miami Beach, the Miami Beach Redevelopment Agency and West Side Partners, Limited, it was contemplated that West Side Partners would develop the SSDI-North parcel in two stages. The developer, The Related Companies (TRG), has purchased the property from West Side Partners, Limited and initiated development of the SSDI-North parcel in September 2001. In connection with this construction, several construction activities must occur on the northerly portion of SSDI-North and adjacent properties to support the proposed Murano Grande Phases 1 and 2 projects. The construction activities include relocation of existing utilities. The existing utilities provide service to the Marina and are in conflict with the proposed development. These utility relocations include the existing electrical services, water main and storm water utilities, among others. Therefore, new utilities have to be constructed within the available easements while maintaining existing service to the Marina's facilities. Previous appropriations for the utility relocation within SSDI-North only included the relocation of certain electrical utility lines and above ground electrical structures. Today's appropriation addresses the relocation of the water main. Item Summary/Recommendation: The Administration recommends appropriating $320,319 from available South Pointe Tax Increment funds towards the relocation of the water main utility within the SSDI-North Parcel. Advisory Board Recommendation: I N/A Financial Information: Amount to be expended: Source of Funds: ~ ~ Finance Dept. $320,139 AGENDA ITEM DATE 3B 7- to-OJ- MIAMI BEACH REDEVELOPMENT AGENCY CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139 WWoN.ci.miami-beach.f1.us REDEVELOPMENT AGENCY MEMORANDUM From: Chairman David Dermer and Members of the Miami Beach Redevelopment Agency Jorge M. Gonzalez ~ .~ Executive Director 0"" U Date: July 10, 2002 To: Subject: A RESOLUTION OF THE CHAIRMAN AND MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY APPROPRIATING FUNDS IN THE AMOUNT OF $320,139 FROM SOUTH POINTE TAX INCREMENT FUNDS, IN ACCORDANCE WITH THE SETTLEMENT AGREEMENT AMONGST THE CITY OF MIAMI BEACH, THE MIAMI BEACH REDEVELOPMENT AGENCY, AND WEST SIDE PARTNERS LIMITED WITH RESPECT TO THE CONSTRUCTION COSTS OF THE WATER MAIN RELOCATION WITHIN THE SSDI-NORTH PARCEL; IN ACCORDANCE WITH A SURVIVING PROVISION OF THE 1995 DEVELOPMENT AGREEMENT ADMINISTRATION RECOMMENDATION Adopt the resolution. ANALYSIS In November 1995, the City of Miami Beach, the Miami Beach Redevelopment Agency and the Portofino Group entered into a Development Agreement that was terminated in June 1997. I n October 1998, the parties entered into a Settlement Agreement that transferred the deed to SSDI-North (which was held in escrow) to West Side Partners, Limited and sets forth the obligations of the parties with respect to the Development of SSDI-North and SSDI-South parcels. As part of the Settlement Agreement between the City of Miami Beach, the Miami Beach Redevelopment Agency and West Side Partners, Limited, it was contemplated that West Side Partners would develop the SSDI-North parcel in two stages. The developer, The Related Companies (TRG), has purchased the property from West Side Partners, Limited and provided notice that it intended to develop the SSDI-North parcel. Construction on said parcel was initiated in September 2001. Construction on SSDI-North will consist of two high rise residential towers and related amenities as approved and reflected in the concept plan, modified by Resolution No. 2001-24349 adopted by the City Commission on April 18, 2001. Construction on Murano Grande Phase 1, the project located along the southerly portion of SSDI-North, was initiated in September 2001. The Settlement Agreement requires that only one project be completed at a time and that the first SSDI-North project be completed prior to initiating the second project. In connection with this construction commencement, several construction activities must occur on the northerly portion of SSDI-North and adjacent properties to July 10, 2002 Miami Beach Redevelopment Agency SSDI-North Appropriations Page 2 support the proposed Murano Grande Phases 1 and 2 projects. Construction Scope and Estimated Costs Pursuant to the Settlement Agreement, TRG has retained the services of various professionals to design, permit and construct the numerous improvements. Detail design efforts for the water main relocation project element are approximately 90 percent complete. In an effort to obtain budget level cost estimates for the water main relocation, TRG requested its Contractor, KVC Constructors, Inc. (KVC), to obtain bids for certain sub- trades with specialties in certain areas of work. A minimum of three bids was obtained to develop the basis for the estimate for the phase 1 portion of the water main relocation. The estimates presented herein include the costs and certain allowances to perform the scope of work and its ancillary items. It is noted that permitting requirements as well as existing site conditions may alter the character of the work to be implemented, thereby increasing I decreasing the associated construction costs. It is anticipated that upon completion of the detail design efforts, the following procedure will be utilized to develop final construction costs: . Performance of a constructability review by a third party, Hazen and Sawyer . Submittal of the plans to a minimum of three qualified contractors for each sub-trade or project element . The lowest, qualified bidder(s) (as determined by the City / RDA and TRG) will be retained to perform the work Hazen and Sawyer shall serve, as the City's coordinator with respect to the City's obligations. Hazen and Sawyer and City staff shall review bids obtained by TRG as they relate to the Settlement Agreement construction. Progress payment requisitions prepared by KVC to TRG will be reviewed by Hazen and Sawyer and recommended for payments to the City / RDA. The estimate presented herein is for appropriation purposes only and is not intended to be final construction cost estimate. TRG / KVC will provide Agreement prior to its execution for the City's review and comment, as well as provide the actual bids obtained from each contractor( s ). The City I RDA has certain financial obligations pursuant to the Settlement Agreement for the construction activities. A description of the previously approved construction activities are presented herein. The City I RDA's obligations in connection with SSDI-North are as follows: July 10,2002 Miami Beach Redevelopment Agency SSDI-North Appropriations Page 3 Table 1 Appropriation Description Summary Work Item Description Previous Appropriation City I RDA Obligation Environmental Mitigation Yes - Resolution 392-2001, dated 07/18/01 50% Electrical Utility Relocation Yes - Resolution 387-2001, dated 06/27/01 100% SSDI-North Seawall Repair Yes - Resolution 392-2001, dated 07/18/01 100% SSDI-North Embayment Fill-in Pending Appropriation 100% SSDI-North Pier A North 40 Pending Appropriation 100% Construction Staging Costs Pending Appropriation 33% Water Main Utility Relocation Appropriation presented herein 100% Storm Water Utility Relocation Yes - Resolution 392-2001, dated 07/18/01 100% Alaska Parcel Yes - Resolution 387-2001, dated 06/27/01 100% NOTE: The attached Exhibit "A" represents a detailed Status of Estimated Pre- Construction Costs. Future appropriations by the RDA will be required to construct the aforementioned obligations not yet appropriated as set forth in the Settlement Agreement. As project scopes are further defined, they will be presented to the RDA for appropriation approval. Water Main Relocation As part of the Settlement Agreement, the parties entered into a Grant of Baywalk Easement that grants the City a permanent and irrevocable non-exclusive easement along the Baywalk. The Grant of Baywalk Easement also obligates the City / RDA to fund the costs and expenses associated with the physical relocation of the utilities within the SSDI- North property. These utility relocations include the existing electrical services, water main and storm water utilities, among others. The existing utilities provide service to the Marina and are in conflict with the proposed development. Therefore, new utilities have to be constructed within the available easements while maintaining existing service to the Marina's facilities. Previous appropriations for the utility relocation within SSDI-North only included the relocation of certain electrical utility lines and above ground electrical structures. An existing six-inch diameter water main is located underneath the proposed Murano Grande Phases 1 and 2 project sites. The Murano Grande Phase 1 project is currently under construction. Construction on certain portions of the building footprint has been postponed until the existing six-inch diameter water main is relocated. It has been July 10, 2002 Miami Baach Redevelopment Agency SSDI-North Approprletions Page 4 proposed to relocate the water main in two phases so that Murano Grande Phase 1 construction can proceed without delay. Construction activities consist of the relocation of approximately 670 linear feet of eight-inch diameter pipe and two inline taps to the existing line. The new relocated water main will be placed into service and the existing water main that was bypassed will be removed from service and abandoned in place after the appropriate connections and certifications by the appropriate regulatory authorities are provided. The location of the relocated water main will be undemeath the temporary baywalk between the existing construction fence along the west side, and the existing construction Murano Grande Phase 1 construction site along the west side. Temporary measures will be implemented to allow for pedestrian and electric vehicle access along the baywalk. Tie- ins to the existing water main will be performed during Marina non-peak usage hours to minimize the impacts to the Marina's operations. TRG / KVC have procured the Department of Health water main construction permit. It is anticipated that construction will take approximately 45 to 60 days to complete the installation depending upon the sampling and acceptance of the bacteriological samples. The location of the relocated water main to be constructed in the second phase will be within the baywalk. Temporary measures will be implemented to allow for pedestrian and electric vehicle access during construction. Tie-ins to the existing water main will be performed during Marina non-peak usage hours to minimize the impacts to the Marina's operations. Water main construction north of Pier A may require the removal and demolition of the Marina building located adjacent to Fifth Street (as contemplated in the Settlement Agreement, tenant relocation and building demolition to be performed by others). Relocation of the water main is not the only activity that may require the demolition ofthe building. The construction ofthe 72-inch diameter storm water utility may dictate that the building be removed and this was contemplated in the Settlement Agreement by requiring West Side Partners, Ltd. to provide for similar space within or adjacent to the SSDI-North property. The cost to relocate the water main utility so that Murano Grande Phase 1 /2 construction may proceed is estimated at $320,139. In order for the project to proceed without further delay, it is recommended that the Chairman and Members of the Redevelopment Agency appropriate $320,139 from the available South Pointe Tax Increment Funds for the relocation of the water main system within the SSDI-North parcel. JMG/~ i u 'g CD -; E :ol III W C o tl :J .. Tii c o ~ e II. - c CD E ~ : - c CD E CD i en o c q:: 'E o II. ::c I - :a :c >C w 18 ~!::! ~! I!t ;0 s ~ :lUu .. N 6 0;0 o .. ~i: - 8- 8a N~ s ~ g! N! .. 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