218-95 RDA
RESOLUTION NO. 218-95
A RESOLUTION OF THE CHAIRMAN AND MEMBERS OF
THE MIAMI BEACH REDEVELOPMENT AGENCY ADOPTING
OPERATING BUDGETS FOR SOUTH POINTE AND CITY
CENTER REDEVELOPMENT AREAS FOR FISCAL YEAR
1995-96
WHEREAS, the proposed budgets have been prepared in
conjunction with the overall City budget process; and
WHEREAS, adjustments have been made to the proposed budgets
since their submission in July, 1995 which reflect changes due to
community input and refinements; and
WHEREAS, any further changes will result in an amendments
that will be presented to the Agency Board for future approval.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE MIAMI BEACH
REDEVELOPMENT AGENCY THAT the Chairman and Members hereby adopt the
attached operating budgets for the South pointe and City Center
redevelopment areas for FY 1995-96.
September
PASSED AND ADOPTED this 27th
ATTEST:
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SECRETARY
FORM APPROVED
REDEVELOPMENT AGENCY
GENERAL COUNSEL
By
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Date
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MIAMI BEACH REDEVELOPMENT AGENCY
Proposed Operating Budget Fy 95/96
South Pointe Redevelopment Area
Revenues and Other South Pointe Debt Service TOTAL
Sources of Income General Fund
Tax Increment $3,494,463 $0 $3,494,463
Marina Rental $240,000 $0 $240,000
Interest Income $75,000 $155,000 $230,000
Operating Transfers In $0 $1,329,913 $1,329,913
Fund Balance Carryover $0 $0 $0
Total Revenue $3,809,463 $1,484,913 $5,294,376
Operating Expenses South Pointe Debt Service TOTAL
General Fund
Management Fee $414,000 $0 $414,000
Advertising and Propmotion $3,000 $0 $3,000
Debt Service Cost $0 $1,484,913 $1,484,913
Postage/Mailing $3,000 $0 $3,000
Printing $3,000 $0 $3,000
Office Supplies/Equipment $7,000 $0 $7,000
Meeting/Conference Expense $5,000 $0 $5,000
Dues/Subscriptions $1,000 $0 $1,000
Submerged Land Lease $112,000 $0 $112,000
Audit Fee $4,000 $0 $4,000
Outside Counsel $100,000 $0 $100,000
Other Professional Fees $5,000 $0 $5,000
Consultant Services $20,000 $0 $20,000
Update Redevelopment Plan $80,000 $0 $80,000
Transp. Network Feas. Study $20,000 $0 $20,000
Transportation Mobility Study $35,000 $0 $35,000
Miscellaneous $100,000 $0 $100,000
Total Operating Expenses $912,000 $1,484,913 $2,396,913
Operating Transfer Out/Debt Service $1,329,913 $0 $1,329,913
Total Expenditures $2,241,913 $1,484,913 $3,726,826
Excess (Deficiency) of
Revenues to Expenses $1,567,550 $0.00 $1,567,550
MIAMI BEACH REDEVELOPMENT AGENCY
Proposed Operating Budget FY 95/96
City Center Redevelopment Area
Revenues and Other City Center Debt Service TOTAL
Sources of Income General Fund
Tax Increment $2,669,853 $0 $2,669,853
Contribution from Resort Tax $1,336,776 $0 $1,336,776
Interest Income $30,000 $350,000 $380,000
Operating Transfers In $0 $3,625,898 $3,625,898
Fund Balance Carryover $200,000 $0 $200,000
Bond Proceeds $67,000,000 $0 $67,000,000
State funds - DOT $2,000,000 $0 $2,000,000
Section 108 Loan $9,000,000 $0 $9,000,000
Total Revenue $82,236,629 $3,975,898 $86,212,572
Operating Expenses City Center Debt Service TOTAL
General Fund
Management Fee $414,000 $0 $414,000
Advertsing and Promotion $3,000 $0 $3,000
Debt Service Cost $0 $3,975,898 $3,975,898
Postage/Mailing $3,000 $0 $3,000
Printing $3,000 $0 $3,000
Office Supplies/Equipment $5,000 $0 $5,000
Meeting/Conference Expense $2,000 $0 $2,000
Dues/Subscriptions $1,000 $0 $1,000
Audit Fee $4,000 $0 $4,000
Other Professional Fees $10,000 $0 $10,000
Transp. Network Feas. Study $20,000 $0 $20,000
Transportation Mobility Study $35,000 $0 $35,000
Total Operating Expenses $500,000 $3,975,898 $4,475,898
Operating Transfer Out/Debt Service $3,625,898 $0 $3,625,898
Total Expenditures $4,125,898 $3,975,898 $8,101,796
Excess (Deficiency) of
Revenues to Expenses $78,110,731 $0 $78,110,731
RDA Management Fee FY 95/96
Salary + Fringe Reimbursemel to General Fund
Property Mgt., Computer/Comm Support/Risk Management
$718,000
$110,000
$828,000
Dept Code Position Salary @ % Fringes TOTAL
DIRECT CHARGES
530 Asst City Manager/DDHPS Director @ 50% $45,840 $6,876 $52,716
530 Special Projects Coordinator @ 100% $51,610 $7,742 $59,352
530 Special Projects Coordinator @ 100% $50,000 $7,500 $57,500
530 Administrative Secretary @ 100% $27,418 $4,113 $31,531
530 Community Development Coordinator @ 30% $16,232 $2,435 $18,667
530 Real Estate Economist @ 40% $21,744 $3,261 $25,005
530 Redevelopment Specialist @ 100% $39,503 $5,925 $45,428
520 DDHPS Deputy Director @ 50% $42,256 $6,338 $48,594
310 City Manager @ 20% $26,149 $3,922 $30,072
640 Environmental Specialist @ 50% $31,119 $5,491 $36,610
210 City Clerk @ 20% $14,411 $2,162 $16,572
1410 City Attorney @ 20% $23,012 $3,452 $26,463
1410 Chief Deputy City Attorney @ 40% $45,505 $6,825 $52,331
1410 1st Asst City Attorney @ 100% $74,000 $11,100 $85,100
360 Finance Director @ 40% $38,528 $5,779 $44,307
360 Asst Finance Director @ 30% $20,442 $3,066 $23,508
340 OMB Director + Budget Officer $0 $0 $5,000
370 Human Resources Department $0 $0 $2,500
Merits Not Shown @ 8% $49,339 $7,405 $56,744
TOTAL $617,1 08 $93,393 $718,000
INDIRECT CHARGES:
502 Property Management $60,000 $0 $60,000
504 Computer/Communications Support $25,000 $0 $25,000
505 Risk Management $25,000 $0 $25,000
TOTAL $110,000 $0 $110,000
TOTAL $828,000
MANAGEMENT FEE:
South Pointe $414,000
City Center $414,000
TOTAL $828,000
Miami Beach
Redevelopment Agency
1700 Convention Center Drive
Miami Beach, Florida 33139
Telephone: (305) 673-7193
Fax: (305) 673-7772
REDEVELOPMENT AGENCY MEMORANDUM NO. 95-61
September 27, 1995
TO:
Chairman and Members of the Board of
the Miami Beach Redevelopment Agency
FROM:
Jose Garcia-Pedrosa it...
Executive Director .
A RESOLUTION OF THE IAMI BEACH REDEVELOPMENT AGENCY
ADOPTING OPERATING BUDGETS FOR SOUTH POINTE AND CITY
CENTER REDEVELOPMENT AREAS FOR FISCAL YEAR 95-96
SUBJECT:
RECOMMENDATION:
It is recommended that the Redevelopment Agency Board adopt the
attached Resolution which establishes operating budgets for the
South pointe and City Center redevelopment areas for FY 1995-96.
BACKGROUND:
The proposed budgets have been prepared to coincide with the
overall City budget process. Adjustments have been made to the
proposed budgets since their submission in July, 1995.
The proposed budget for South Pointe was initially presented to the
South Pointe Advisory Board at their August 17th meeting and as a
result of the discussion, the management fee for South Pointe was
decreased, resulting in an increase to the City Center management
fee with both areas equally sharing these expenses. At their
meeting of September 21, 1995, the South pointe Advisory Board
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AGENDA ITEM 3-A
September 27, 1995
approved the revised budget with the stipulation that the South
Pointe redevelopment area receive an equal level of maintenance to
the rest of the city. Additionally, if excess TIF funds become
available, they would be applied directly to the immediate
enhancement of the area's rights-of-way. The City Center budget has
been reviewed by representatives of the Collins Avenue Hotel
Association who have indicated their satisfaction with the budget.
ANALYSIS:
The proposed budgets should be approved now to coincide with the
City process.
CONCLUSION:
It is recommended that the Agency Board adopt the attached
resolution which establishes operating budgets for the South pointe
and City Center redevelopment areas for FY 1995-96.
JGP:MSD:lmw
Attachment