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Resolution 2019-30929RESOLUTION NO, 2019-30929 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ADOPTING THE EIGHTH AMENDMENT TO THE CAPITAL BUDGET FOR FISCAL YEAR 2018/19. WHEREAS, on September 26, 2018, the final Capital Improvement Plan for Fiscal Years 2018/19 — 2022/23 and the final Capital Budget for FY 2018/19 were adopted via Resolution No. 2018-30515; and WHEREAS, on November 14, 2018, the First Amendment to the Capital Budget for FY 2018/19 was adopted via Resolution No. 2018-30610; and WHEREAS, on December 12, 2018, the Second Amendment to the Capital Budget for FY 2018/19 was adopted via Resolution No. 2018-30649; and WHEREAS, on January 16, 2019, the Third Amendment to the Capital Budget for FY 2018/19 was adopted via Resolution No. 2019-30681; and WHEREAS, on March 13, 2019, the Fourth Amendment to the Capital Budget for FY 2018/19 was adopted via Resolution No. 2019-30753; and WHEREAS, on April 10, 2019, the Fifth Amendment to the Capital Budget for FY 2018/19 was adopted via Resolution No. 2019-30792; and WHEREAS, on May 8, 2019, the Sixth Amendment to the Capital Budget for FY 2018/19 was adopted via Resolution No. 2019-30825; and WHEREAS, on July 17, 2019, the Seventh Amendment to the Capital Budget for FY 2018/19 was adopted via Resolution No. 2019-30891; and WHEREAS, pursuant to Section 166.241(4)(c) of the Florida Statutes, the City's budget amendments must be adopted in the same manner as the original adopted budget; and WHEREAS, further, it is recommended by the Administration that the FY 2018/19 Capital Budget be amended to increase appropriations by $7,091,168.00 as highlighted in Attachments A, "Projects"; B, "Source of Funds"; and C, "Programs"; and to re -appropriate $62,890.00 as highlighted in Attachment A, "Projects." 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 Eighth Amendment to the Capital Budget for Fiscal Year 2018/19 as set forth in Attachments A, "Projects"; B, "Source of Funds"; and C, "Programs." PASSED AND ADOPTED this 31St day of July 2019. ATTEST: Rafa I E. Granado, City Clerk F HPROVED AS TO LANGUAGE EXECUTION ATTACHMENT A FY 2018/19 CAPITAL BUDGET PROJECTS AMENDED 7131/2019 Capital Project Name Amended FY19 Capital Budget Amended 7/31/19 Revised Capital Budget Rue Vendome Public Plaza (Project # 28610) 1,754,000.00 482,000.00 2,236,000,00 Biscayne Pointe Island Entryway (Project # 64170) 400,000.00 (62,890.00) 337,110.00 Indian Creek Street Drainage Imp. (Project # 21220) 9,500,368.00 5,593,058.00 15,093,426,00 Affordable Housing Property at 795 81st Street (Project # 65418) - 1,079,000.00 1,079,000.00 Total $ 11,654,368.00 $ 7,091,168.00 $ 18,745,536.00 NOTE: i) $62, 890.00 of funding for the Rue Vendome Public Plaza project will come from the Biscayne Pointe Island Entryway project, which was completed with savings. ATTACHMENT B FY 2018/19 CAPITAL BUDGET SOURCE OF FUNDS AMENDED 7/31/2019 Funding Source Amended FY19 Capital Budget Amended 7/31/19 Revised Capital Budget Capital Renewal & Replacement $ 1,255,000.00 $ 1,255,000.00 Comm. Dev, Block Grant - 336,500.00 336,500.00 Comm. Dev, Block Grant 598,046.00 598,046.00 7th Street Garage 50,000.00 50,000.00 HOME Invest Part, Prog. Grant - 742,500.00 742,500.00 Fees In Lieu of Parking (3,507,971.55) (3,507,971.55) Concurrency Mtigation Fund 6,641,000.00 6,641,000.00 RDA City Center Renewal & Replacement 138,000.00 138,000.00 RDA- Non TIF (6,865,154.00) (6,865,154.00) 3 Cent Local Options Gas Tax (LOGT) 559,000.00 559,000.00 HOME Invest Part. Prog. Grant 478,580.00 478,580.00 Half Cent Transit Surtax-Cnty 797,000.00 797,000.00 Capital Projects Financed By Other Funds 4,198,225.00 4,198,225.00 Pay As You Go - Capital Fund 3,711,585.00 3,711,585.00 Capital Reserve 743,213.45 419,110.00 1,162,323.45 Resort Tax - South Beach 1,311,000.00 1,311,000.00 Resort Tax - KM Beach 1,249,000.00 1,249,000.00 Resort Tax - North Beach 796,000.00 796,000.00 MDC ILA 8,128,656.00 8,128,656.00 Line of Credit (1,630,900.00) (1,630,900.00) RDA City Center Capital Fund 20,000,000.00 20,000,000.00 Gulf Breeze Bond Fund 15,483.69 15,483.69 1996 RCP 15M GO Bond 5,566.00 5,566.00 1999 GO Bonds Fire Safety 10,859.34 10,859.34 2003 GO Bonds Fire Safety 3,503.57 3,503.57 2003 GO Bonds Parks & Rec 46,349.00 46,349.00 2019 GO Bonds — Parks 86,733,000.00 86,733,000.00 2019 GO Bonds — Public Safety 36,406,000.00• 36,406,000.00 2019 GO Bonds — Neighborhoods & Infrastructure 28,000,000.00 28,000,000.00 Water & Sewer Projects funded from Operations 440,468.23 440,468.23 2017 Water & Sewer Bonds 3,512,500.00 3,512,500.00 2017 Storm Water Bonds 13,324,330.75 13,324,330.75 Storm Water Projects - MDC ILA 2,200,000.00 5,593,058.00 7,793,058.00 Convention Center Operating Fund 1,744,950.00 1,744,950.00 RDA Garages 100,000.00 100,000.00 Penn Garage Fund 135,000.00 135,000.00 Parking Operations (160,000.00) (160,000.00) 2010 Parking Bonds 1,213,551.00 1,213,551.00 Parking Capital not Bonds 4,265,449.00 4,265,449.00 Fleet Management 3,030,000.00 3,030,000.00 Communications Fund 59,000.00 59,000.00 Total Appropriation as of 7/31/2019 $ 219,736,290.48 $ 7,091,168.00 $ 226,827,458.48 NOTE.' i) $62,890.00 of funding for the Rue Vendome Public Plaza project will come from the Biscayne Pointe Island Entryway project, which was completed with savings. ATTACHMENT C FY 2018/19 CAPITAL BUDGET PROGRAMS AMENDED 7/31/2019 Program Area Amended FY19 Capital Budget Amended 7/31/19 Revised Capital Budget Bridges $ 820,657.00 $ 820,657.00 Convention Center 1,500,000.00 1,500,000.00 Environm ental 2,876,000.00 2,876,000.00 Equipment 19,308,000.00 19,308,000.00 General Public Buildings 10,626,805.00 1,079,000.00 11,705,805.00 Golf Courses 124,000.00 124,000.00 Lighting 6,041,000.00 6,041,000.00 Parking Lots 341,000.00 341,000.00 Parks 85,884,500.00 85,884,500.00 Renewal & Replacement 17,294,875.60 17,294,875.60 Seawalls 8,000,000.00 8,000,000.00 Streets/ Sidewalk lmprovements 47,361,343.43 419,110.00 47,780,453.43 Transit/ Transportation 12,043,028.45 12,043,028.45 Utilities 7,515,081.00 5,593,058.00 13,108,139.00 Total Appropriation as of 7/31/2019 $ 219,736,290.48 $ 7,091,168.00 $ 226,827,458.48 NOTE: 1) $62,890.00 of funding for the Rue Vendome Public Plaza project will come from the Biscayne Pointe Island Entryway project, which was completed with savings. MIAMI BEACH Resolutions - R7 C COMMISSION MEMORANDUM TO: Honorable Mayor and Members of the City Commission FROM: Jimmy L. Morales, City Manager DATE: July 31, 2019 11:50 a.m. Public Hearing SUBJECT: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ADOPTING THE EIGHTH AMENDMENT TO THE CAPITAL BUDGET FOR FISCAL YEAR 2018/19. Legislative Tracking Budget and Performance Improvement ATTACHMENTS: Description 121 MEMO - 8th Amendment to the FY 2019 Capital Budget o Resolution- 8th Capital Budget Amendment AM BEACH City of Miami Beach, 1700 Convention Center Drive, Miami Beach, Florida 33139, www.miamibeachfl.gov COMMISSION MEMORANDUM TO: Mayor Dan Gelber and Members of the City Commission FROM: Jimmy L. Morales, City Manager DATE: July 31, 2019 SUBJECT: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ADOPTING THE EIGHTH AMENDMENT TO THE CAPITAL BUDGET FOR FISCAL YEAR 2018/19. ADMINISTRATION RECOMMENDATION Adopt the Resolution. BACKGROUND Planning for capital improvements is an ongoing process; as needs change within the City of Miami Beach ("the City"), capital programs and priorities must be adjusted accordingly. 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 CIP 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 2018/19 — 2022/23 Capital Improvement Plan and FY 2018/19 Capital Budget was adopted on September 26, 2018 by Resolution 2018-30515. The First Amendment to the FY 2018/19 Capital Budget was approved on November 14, 2018 by Resolution 2018-30610. The Second Amendment to the FY 2018/19 Capital Budget was. approved on December 12, 2018 by Resolution 2018-30649. The Third Amendment to the FY 2018/19 Capital Budget was approved on January 16, 2019 by Resolution 2019-30681. The Fourth Amendment to the FY 2018/19 Capital Budget was approved on March 13, 2019 by Resolution 2019-30753. The Fifth Amendment to the FY 2018/19 Capital Budget was approved on April 10, 2019 by Resolution 2019-30792. The Sixth Amendment to the FY 2018/19 Capital Budget was approved on May 8, 2019 by Resolution 2019-30825. The Seventh Amendment to the FY 2018/19 Capital Budget was approved on July 17, 2019 by Resolution 2019-30891. 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 Administration recommends adopting the Resolution for the Eighth Amendment to the FY 2018/19 Capital Budget. Resolution Adopting the Eighth Amendment to the FY 2018/19 Capital Budget July 31, 2019 Page 2 of 3 EIGHTH AMENDMENT TO THE FY 2018/19 CAPITAL BUDGET The Eighth Amendment to the FY 2018/19 Capital Budget totals an overall increase of $7,091,168.00 and realigns $62,890.00 to provide additional funding for, and to reallocate funding between, the following capital projects: 1. Rue Vendome Public Plaza: The scope of this project includes the reconstruction of Rue Vendome around the Normandy Fountain to create an open, at -grade, public plaza. Construction bids were received and came in higher than expected. This proposed budget amendment is necessary in order to fully fund the cost of the project based on the bids received. Funding for this amendment would come from the Capital Reserve fund balance (Fund 304), in the amount of $419,110.00, as well as the realignment of $62,890.00 of Capital Reserve funds previously appropriated to the project outlined below: • Biscayne Pointe Island Entryway - $62,890.00 (project has been completed with savings) Prior Years' Appropriations $ 1,754,000.00 July 31, 2019 Budget Amendment 482,000.00 Proposed Total Appropriations $ 2,236,000.00 2. Indian Creek Street Drainage Improvements: This is a Florida Department of Transportation (FDOT) roadway reconstruction and drainage improvement project. The scope of the project includes: raising the elevation of the roads; installing a new drainage system; reconstructing impacted driveways and pedestrian accesses, along with other harmonization related work; completing construction of a pump station; providing new street lights; and replacing all other pedestrian features located within the existing right of way. This proposed budget amendment includes $2,250,000 needed to award the full contract for the roadway, $1,543,058 in non -reimbursable, expenses associated with some of the interim work and other project related costs that FDOT did not agree to cover and $1,800,000 in funds related to completion of the seawall. This amendment will allow for the completion of both the entire roadway and seawall projects. Funding for this proposed amendment would come from the Storm Water Projects - MDC ILA fund balance (Fund 433). Prior Years' Appropriations $ 9,500,368.00 July 31, 2019 Budget Amendment 5,593,058.00 Proposed Total Appropriations $ 15,093,426.00 3. Affordable Housing Property at 795 81st Street (Building Acquisition): On July 2, 2018, the City Commission approved Resolution 2018-30374, which appropriated $1,079,000.00 in the General Fund to be used for repayment to the U.S. Department of Housing and Urban Development (HUD), in order to comply with the decision of Resolution Adopting the Eighth Amendment to the FY 2018/19 Capital Budget July 31, 2019 Page 3 of 3 the Office of the Inspector General Audit and as recommended by Letter to Commission (580-2017) on December 5, 2017. HUD subsequently provided wiring instructions for the repayment of the federal funds that would be returned to the City's Line of Credit Control System (LOCCS) and be made available for expenditure by the City, in compliance with the rules and deadlines specified by HUD. This proposed amendment would appropriate the funding for the acquisition of a qualifying multi -family property, identified by the Administration at 795 81st Street, for a total sum not to exceed $1,079,000.00 (inclusive of closing costs), as recommended by the Administration and adopted by Resolution 2018-30551. This acquisition would ensure that workforce housing, for key industry workers, is available in suitable locations throughout the City. The availability of affordable housing has been a priority for the City and is critical to its economic growth. This opportunity to add to the City' affordable housing stock has materialized as a result of the City's resolution of past compliance issues with HUD. Prior Years' Appropriations $ 0.00 July 31, 2019 Budget Amendment 1,079,000.00 Proposed Total Appropriations $ 1,079,000.00 JLM/JW/TOS