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635-2018 RDA RESOLUTION NO. 635-2018 A RESOLUTION OF THE CHAIRPERSON AND MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY (RDA) ADOPTING AND APPROPRIATING THE MIAMI BEACH REDEVELOPMENT AGENCY CAPITAL BUDGET FOR FISCAL YEAR 2018/19 AND ADOPTING THE CAPITAL IMPROVEMENT PLAN FOR FISCAL YEARS 2018/19 —2022/23. WHEREAS, the FY 2018119—FY 2022/23 Capital Improvement Plan ("CIP")for the Miami Beach Redevelopment Agency (RDA) is a five-year plan for public improvements and capital expenditures by the RDA; and WHEREAS, the CIP is an official statement of public policy regarding long-range physical development in the City of Miami Beach; and WHEREAS, the Capital Budget for FY 2018/19 itemizes project funds to be committed during the upcoming Fiscal Year and details expenditures for project components, which include architectural and engineering, construction,equipment,Art in Public Places,and other project costs; and WHEREAS,the RDA City Center Renewal and Replacement Fund has an available balance of$138,000 for the Capital Budget for FY 2018/19; and WHEREAS, in accordance with the Fourth Amendment to the Interlocal Agreement between Miami-Dade County and the City of Miami Beach dated July 25, 2018, an amount up to$20 million from prior year excess RDA Trust Fund revenues is to be allocated to the preexisting Lincoln Road capital project, previously authorized as part of the Third Amendment to the Interlocal Agreement between Miami-Dade County and the City of Miami Beach, for a total project amount up to $40 million; and WHEREAS, remaining funding of$6,865,154 for the preexisting Lincoln Road capital project within the Non-TIF(Tax Increment Financing)RDA is to be de-appropriated due to the availability of funding from the Fourth Amendment to the Interlocal Agreement, as previously mentioned; and WHEREAS, the RDA Anchor Garage and Pennsylvania Avenue Garage Capital Budget for FY 2018/19 totals $235,000; and WHEREAS,the projects to be appropriated in the FY 2018/19 RDA Capital Budget and CIP for FY 2018/19—2022/23 are set forth in Attachment"A,"which is attached hereto and incorporated herein by reference. NOW, THEREFORE, BE IT RESOLVED BY THE CHAIRPERSON AND MEMBERS OF THE MIAMI BEACH REDEVLOPMENT AGENCY,that the Chairperson and Members hereby adopt and appropriate the Miami Beach RDA Capital Budget for FY 2018/19 and adopt the Capital Improvement Plan for Fiscal Years 2018/19 through 2022/23, as set forth in Attachment"A." ' _14- PASSED AND ADOPTED this ay""dpi tytie r r, ATTEST: FESS:/ 0111111, �� cc ts. n Ib*,. hairperson c' 7414' � * INCOR°I PA APPROVED AS TO 633 � - FORM & LANGUAGE Rafa E. Gra ado, ecretary f h C3 &FO EXECUTION 26� \ LU 1 9- 24-i( „� "-�••''�Sy ' CiN Attomay-1 Date ! ! ! ! ■ ! I ! ! ■ ! ; ! l : ; & ; _ _ - / " , « ! I ° ■ : r : } \ 2 : , , , / . , , . , / . . . . . . . . . . . . . . . . . . . . . } . F . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . § 1 | . . . . • . . . . . . . . . . . . . . . . . . . . . 74 tn Z t §E / . |Ba , . . . . . . . . . . . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . | | _ | . t § ■ . . . ! . . . . . . . . . . . . . . . . . . . . . ex a.a. | { ! 4 t ` | el | \ \ ( jI \ < , f / ) | } - / , . : � _ . . | I ; . . , - - ! ! ! 0� rpe \ \z: _ - , ! _ �- C = } 000 < - ! 02 Ui ) ( \ ! \ ( ) { § ie, \ - . - ! : Z ! _ _ _ _ be ! \ ) ! ; .flco \ 4 • \ ) \ ) ( U UUS ( \ \ } \ } \ \ } ) \ ) } jj ) ) j } ) \ { , 1 , °- 0 , < ! , 2 -2 P.- | ; 7771 ) 7777 . 0777 = : r ; 7177 _ ; ; : ; 77 ; 77 ; , lr ; < : ; ! ! ! r ; l : ; ; ■ It : : ! ! ! : ! � • ■ : K : \ a (NIa : § K : : ! ! \ ; E4 , : \ - : ( | $ . . . . . . . . . . . . . . . . • . . . . . . . . . . . . \ _ § › t | , . . . . . . . . . . . . . . . . . . § § a z co o ) | | $ | a. ae t § ■ | � . . . . . . . . . . . . . . | . . . . . . . . \ | . . @ \ ■ ; t N. ' . ' k : ; ' : \ ! ! : : ■ 4 9.8 l : ; rl ; ! • r |! r < ; :!. - - § ( ` -- " ! ! ` L : : § i \ !E .i [Th ,, !! ! 7 13 ) ) ) ; / - 0 < zcz _ - ( ( ! ) ! : : { 20 ( 0 0<4 ) ) { ) i ( - , ( | ) ( ! ! 7707 \ ; = 0 2 < <<_ 0 _ _ _ ( t, ( § ; ! ( z ! ! ! > ; ! ; „ ! ) l : : : ; : : : ! ! \ E ! ! j ) ) \ \ ) ) \ ) ( ( ) ) ] } \ { } { i \ \ ) ) ) , 2 2 — llzzzzz : < ; ` _ - - - - - El zN ( : = : < : , co; . : aaaaaa ;; ! ! ! ! ■ ! _ : ■ ! ) | • . C§ B ( ■ t a & / ) | ; $ B • • | | § • ! - | • CI | i 0 • I- « ; ■ '- | CI ! ; ! ! ! ! ) \ « ) ) ) | _ § ( 0 • ea < z § ( \ ! ) Redevelopment Agency- RDA 1. MIAMI BEACH COMMISSION MEMORANDUM TO: Honorable Mayor and Members of the City Commission FROM: Jimmy L. Morales, City Manager DATE: September 26, 2018 SUBJECT: A RESOLUTION OF THE CHAIRPERSON AND MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY (RDA) ADOPTING AND APPROPRIATING THE MIAMI BEACH REDEVELOPMENT AGENCY CAPITAL BUDGET FOR FISCAL YEAR 2018/19, AND ADOPTING THE CAPITAL IMPROVEMENT PLAN FOR FISCAL YEARS 2018/19- 2022/23. Legislative Tracking Tourism, Culture and Economic Development ATTACHMENTS: Description ❑ FY 19 CAPITAL MEMO-RDA ❑ Resolution Page 334 of 366 M AMEACH City of Miami Beach, 1700 Convention Center Drive,Miami Beach, Florida 33139,www.miamibeochfl.gov REDEVELOPMENT AGENCY MEMORANDUM TO: Chairperson and Members of the Miami Beach Redevelopment Agency FROM: Jimmy L. Morales, Executive Director DATE: September 26, 2018 SUBJECT: A RESOLUTION OF THE CHAIRPERSON AND MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY,ADOPTING AND APPROPRIATING THE MIAMI BEACH REDEVELOPMENT AGENCY CAPITAL BUDGET FOR FISCAL YEAR (FY) 2018/19 AND ADOPTING THE CAPITAL IMPROVEMENT PLAN FOR FISCAL YEARS 2018/19- 2022/23 ADMINISTRATION RECOMMENDATION The Administration recommends that the Chairperson and members of the Miami Beach Redevelopment Agency adopt the attached Resolution which establishes final capital budget for the Miami Beach Redevelopment Agency (RDA) for Fiscal Year FY 2018/19 and the Capital Improvement Plan for Fiscal Years 2018/19 —2022/23. 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 RDA 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 proposed document is reviewed by the City Manager, and upon approval, is submitted to the Finance and Citywide Projects Committee and the City Commission/Redevelopment Agency Board for final approval and adoption. The CIP was created as a plan for projects that require significant capital investment and is intended to serve as an official statement of public policy regarding long-range physical development in the City of Miami Beach.The CIP specifies and describes they City's capital project plan and establishes priorities for the upcoming five-year period. Individual projects within neighborhood areas have been combined to create"packages"of projects that address the neighborhood needs for infrastructure upgrades,traffic flow, enhancements, etc. This comprehensive approach minimizes disruptions and generates cost savings. Page 335 of 366 Redevelopment Agency Memorandum Capital Budget for City Center for FY 2018/19 September 26, 2018 Page 2 of 3 The Administration is presenting the proposed FY 2018/19 Capital Budget and the CIP for FY 2018/2019 — 2022/2023 following a comprehensive review of the CIP to ensure that the Plan accurately reflects all project budgets,funding sources and commitments, for adoption by the City Commission. ANALYSIS The FY 2018/19 — FY 2022/23 CIP for the City of Miami Beach is a five-year plan for public improvements and capital expenditures by the City.This document is an official statement of public policy regarding long-range physical development in the City of Miami Beach. The CIP has been updated to include additional funding sources that have become available, changes in project timing, and other adjustments to ongoing projects as they have become better defined. Certain adjustments have been made to reflect projects that have been reconfigured, re- titled, combined with or separated from other projects and/or project groupings.These adjustments have no fiscal or cash impact and are as a result of a comprehensive review of the program to ensure that our plan accurately reflects all project budgets, funding sources and commitments. Capital funding priorities were discussed at the Finance and Citywide Projects Committee Budget Briefings held on June 8, 2018, July 13, 2018, and July 20, 2018. The City Manager (Executive Director of the RDA),Assistant City Managers,the CIP Office Director, other Department Directors, and other City staff were available to discuss specific projects and respond to the Committee's questions. At the first budget briefing on June 8, 2018,staff presented the preliminary list of unfunded projects, which were being requested, including projects that the Administration proposed for funding subject to the availability of funds. A summary of projects recommended for funding in the FY 2018/19 Capital Budget, based on direction given by the Finance and Citywide Projects Committee, during the three Budget Briefings, is presented below (sorted by funding source): RDA City Center Capital Renewal and Replacement Fund • Colony Theatre Fire Alarm System Upgrade - $78,000 (CRR Project) • Fillmore Site Lighting Renovations - $60,000 (CRR Project) Non-TIF (Tax Increment Financing) RDA Fund • De-appropriation of funding remaining for Lincoln Road, Lenox to Collins with Side Streets project (refurbishment of the pedestrian mall) - $6,865,154 City Center RDA Capital Fund • Lincoln Road, Lenox to Collins with Side Streets project (refurbishment of the pedestrian mall)-$20,000,000(from prior year excess RDA Trust Fund revenues is to be allocated to the preexisting Lincoln Road capital project, previously authorized as part of the Third Amendment to the Interlocal Agreement between Miami-Dade County and the City of Miami Beach, for a total project amount up to$40 million) RDA Garage Fund • 16th Street (Anchor) Garage Painting - $100,000 (CRR Project) Page 336 of 366 Redevelopment Agency Memorandum Capital Budget for City Center for FY 2018/19 September 26, 2018 Page 3 of 3 Penn Garage Fund • Penn Garage— New Lighting Display - $135,000 (CRR Project) CONCLUSION The Administration recommends adoption of the attached Resolution,which establishes the Capital Budget for the RDA for FY 2018/19 and the Capital Improvement Plan for FY 2018/19—2022/23. Attachment A— RDA Capital Improvement Plan FY 2018/19— FY 2022/23 JLM/KGB/HS Page 337 of 366