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Resolution 2021-31693 RESOLUTION NO.' 2021-31693 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING THE REVISED GENERAL OBLIGATION BOND IMPLEMENTATION PLAN, ATTACHED AS EXHIBIT "B" TO THIS RESOLUTION. WHEREAS, on November 6, 2018, the City of Miami Beach voters approved the issuance of a $439 million General Obligation ("G.O.") Bond for a total of 57 projects in 3 separate categories: Parks, Recreational and Cultural Facilities; Public Safety; and Neighborhoods/Infrastructure; and WHEREAS, during the months of January through March 2019, the G.O. Bond Oversight Committee(the"Committee")met with various City departments responsible for the 57 G.O. Bond projects to evaluate and create the prioritization, or "Implementation Plan", for the projects over the life of the G.O. Bond program (the "Program"); and WHEREAS, the Committee meetings followed a series of internal meetings of the G.O. Bond working group appointed by the City Manager (the "Working Group"), who created the Implementation Plan which was ultimately reviewed and approved by the Committee on February 28, 2019; and WHEREAS, the Plan was subsequently reviewed by the City Commission at a G.O. Bond workshop on March 4, 2019, and the City Commission approved the issuance of the first tranche of G.O. bonds via Resolution No. 2019-30754; and WHEREAS, all 57 projects of the G.O. Bond are organized into four 3-year tranches, 39 of which were slated to begin in Tranche 1; and WHEREAS, interest rates are currently at historic lows, which provides a unique opportunity for the City to revise the implementation plan to move up funding for certain projects to realize savings; and WHEREAS, the Administration has developed a revised G.O. Bond Implementation Plan that, in summary, proposes the following: (1) consolidates the number of tranches taking advantage of lower borrowing costs than originally projected (3 four-year tranches instead of 4 three-year tranches); (2)sets a new prioritization of projects, allowing the advancement of certain projects that were proposed to commence in future tranches; and (3) realigns 14 Tranche 1 projects based on current cashflow projections; and WHEREAS, the proposed changes to Tranche 1 are attached as Exhibit A to this Resolution, and the complete revised Implementation Plan over the life of the Program is attached hereto as Exhibit B; and WHEREAS, the G.O. Bond Oversight Committee and Parks Advisory Board have both unanimously approved the revised plan at their respective meetings in February 2021; and WHEREAS, the Finance and Economic Resiliency Committee approved the plan on March 26, 2021. 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 approve the revised G.O. Bond Implementation Plan, attached as Exhibit"B" to this Resolution. • PASSED and ADOPTED this day of �Irl I , 2021. ATTEST: Dan Gelber, Mayor 11/3C Rafael E. Granado, Clerk APPROVED AS TO ,B. FORM& LANGUAGE �4 .... ..�., & FOR EXECUTION 4 ;.IRlIORPPTED.1 I-Z---Z,I CitY AfirInd -IfDate Cj_j..Zo EXHIBIT A G.O. Bond Revised Implementation Plan - Tranche 1 Only DRAFT GOB - - - ---- - - - -- -- -- - - ORIGINAL r REVISED i ‘ . r-s .,,cft�. r I �' GO Bond lin Tranche 1 �4j Z ; Tranche 1 Proj. Bond Category Imp!.Dept. Project Name r '#5 P ery No. Budget I MIM $151.1 Ni • :1 . ,fy. 43' %•; Only Values .r I 2019 is....,,::,,:::: :.,• t kl °i"l • , r �}a Provides$750K to#30 Skate Park project and$1640K to North Shore Park&Youth #18 ScottRakow flooring projects;baseball field 13 Parks CIP/Parks Center 5,725,000 4,930,000 3,540,000 conversion of$3.69M pushed out from Ti to T2 to (1,390,000) align with completion of#172nd Street Project Move to Ti the$640,000 T2 amount for basketball i flooring,gymnastics flooring,mondo flooring at ice 1, 18 Parks Parks Scott Rakow Youth Center 5,088,000 4,448,000 5,088,000 rink,outdoor patio flooring using funding from#13 640,000 North Shore Park&Youth Center due to move out of $3.69M baseball conversion sub-project to T2 to align °; with completion of#1 72nd Street Project Funded in T1 from#13 North Shore Park&Youth 30 Parks Parks Skate Park Improvements 750,000 - 750,000 Center due to move out of$3.69M baseball 750,000 conversion sub-project to T2 to align with completion , of#1 72nd Street Project 31 Infrastructure CIP Ocean Drive Improvement 20,000,000 - 2,000,000 Fund$2M design in Ti from#39 Seawalls;move up 2,000,000 Project remaining funding of$18M to T2 36 Infrastructure CIP Washington Ave Corridor 10,000,000 - - 1,000,000 Fund$1M design in Ti from#39 Seawalls;move up 1,000,000 remaining funding of$9M to T2 37 Infrastructure PW 13,000,000 Improvement 13,000,000 3,500,000 5,200,000 Add$1.7M in Ti from#38 Streets and redistribute 1,700,000 Program remaining$7.8M across T2 and T3 in equal amounts 38 Infrastructure PW Street Pavement Program 30,000,000 7,500,000 5,800,000 Provides$1.7M in Ti to#37 Sidewalks and redistribute (1,700,000) remaining$24.2M across T2 and T3 in equal amounts 39 Infrastructure CIP/PW Resilient Seawalls and Living 10,000,000 8,000,000 5,000,000 Move$2M to#31 Ocean Drive for design and$1M to (3,000,000) Shorelines #36 Washington Ave in Tl 45 Public Safety CIP/Fire Replace Fire Station#1 10,000,000 7,000,000 ' 4,000,000 Move$2M for design of#51 FS#3 and move$1M for (3,000,000) A design of#46 Ocean Rescue NB Facility Move up$1M of design into Ti and move remaining 46 Public Safety CIP/Fire/Parks Ocean Rescue North Beach 5,000,000 - 1,000,000 funding to T2;Use unused appropriation from#45 1,000,000 Facility FS#1;pending confirmation from the County Revised Implementation Plan-Tranche 1 Only 1 of 2 3/25/2021 • G.O. Bond Revised Implementation Plan - Tranche 1 Only DRAFT - - - --- ------ - --- --- ---- -- -- --- - --- i B "� ?i f r d; GOB I @I`e�- ''.f( REVISED ,�},6• '� :.,,,M"—,,f. +v4,-4'.. t� GO Bond I a Tranche 1 ., Tranche 1. Proj. Bond Category Imp!.Dept. Project Name ,;,,,,,t4:7,,,„:4tes > ' No. Budget I $151.1M y1rr* ,... �� L ,,gaaKl „$ ..() Only Values 2019 3. "f 4>. .i. �` !"""A','':�rAt 7.,. ' -°. z.. t� Police Headquarters Advance$1.5M of T2 spending into Tl from unused 48 Public Safety Prop Mgmt/Police 10,000,000 4,000,000 5,500,000 appropriation in#55 Part 1 Street Lights;Move 1,500,000 Renovations remaining funding to T2 from T3 Move up sub-project Flamingo Park lighting of$2.7M into T1 from T2;Use$2M of unused appropriation 52 Public Safety Parks LED Lighting in Parks 4,500,000 1,041,000 3,741,000 2,70%000 from FS#1 and$700K of unused appropriation from #54 Marine Patrol Facility Marine Patrol Fire/Police Move$700K of unused appropriation in Ti to#52 LED 54 Public Safety CIP/Fire Facility 2,700,000 2,700,000 2,000,000 Lighting in Parks to advance the sub-project for (700,000) Flamingo Park Lighting 71 55 Public Safety PW Street Lighting Improvements 10,000,000 5,000,000 ' 3,500,000 Move$1.5M to#48 Part 1 Police HQ (1,500,000) ti TOTAL 136,763,000 48,119,000 - 48,119,000 - Revised Implementation Plan-Tranche 1 Only 2 of 2 3/25/2021 EXHIBIT B G.O. Bond Revised Implementation Plan DRAFT • ! wpm, gm, aC}.�{�`�, REVISED S5 v!EV1e,.r7�.', REVISED;-' Pro). GOpond I A 42745 µyargrA3 R T h I d ip h",2 c�T h'1,3.Ts Category Imps.Dept. Project Name 5pEtrtfl No. Budget KO r u -tt)m $1511 M $206 0 M.--,',,s7-!4t.,0' I ma tan __ K I •*zp19-, 2.023(t,,�t2 ^, 027", ` A�.. 1 Parks CIP 72nd Street Park,Library,and 53,&70,000[ 10,800,000 43,000,000 - - 10,800,000 43,000,000 - No change Aquatic Center , 2 Parks Parks Collins Park 640,003 640,000 - - - 640,000 - - No change;COMPLETE 3 Parks Parks Crespl Park 211,000 211,000 - - - 211,000 - - No change;COMPLETE 4 Parks Parks Fairway Park 260,000 260,000 - - - 260,000 - - No change;COMPLETE PAL Facility,Flamingo Park& Move up T3 funding of$15.15M to 72;start Flamingo 5 Parks CIP 00 Youth Center 00 30,550,000 15,4 , 0 - 15,150,000 - 15,400,000 15,150,000 - Park MasterPlan Improvements in Tl with unused appropriation from PAL facility 6 Parks Parks Fisher Park 105,1700 - - - 105,000 - 105,000 - Move up to 72 from T4 7 Parks Parks La Gorce Park 150,000 - - 150,000 - - 150,000 - Move up to T2 front T3 8 Parks Parks Lummus Park 4,737,000 4,737,000 - - - 4,737,000 - - No change 9 Parks Parks Merjory5toneman Douglas 682,000 682,000 - - - 682,000 - - No change Park 10 Parks CIP Maurice Gibb Park 3,300,000 3,300,000 - - - 3,300,000 - - No change 11 Parks Parks Muss Park 250,000 - - 250,000 - - 250,000 - Move up to 72 from T3 12 Parks CIP North Beach Oceanside Park 2,030,000 2000000 - 2,000,000 - - No change Beechwalk Provides$750K to 030 Skate Park project(previously North Shore Park&Youth approved by Commission)and$640K to 038 Scott 13 Parks CIP/Parks 5,725,000 4,930,000 795,000 - - 3,540,000 2,185,000 - Rakow flooring projects;baseball field conversion of Center $3.69M pushed out from Ti to 12 to align with completion of 01 72nd Street Project 14 Parks Parks Palm Island Park 231,000 - 231,000 - - - 231,000 - No change 15 Parks OP Bayshore Park(Par 3/ 15,700,000 15,700,000 - - - 15,700,000 - - No change Community Park) 16 Parks Parks Pinetree Park 700,000 - 700,000 - - - 700,000 - No change 17 Parks Parks Polo Park 500,000 500,000 - - - 500,000 - - No change;COMPLETE Move to TO the 5640,000 T2 amount for basketball flooring,gymnastics flooring,mondo flooring at ice 18 Parks Parks Scott Rakow Youth Center 5,088,000 4,448,000 640,000 - - 5,088,000 - - rink,outdoor patio flooring using funding from 013 North Shore Park&Youth Center due to move out of $3.69M baseball conversion subproject to T2 to align with completion of 01 72nd Street Project No change-Scope&budget change required to 19 Parks Parks Soundscape Park 4,500,000 4,500,000 - - - 4,500,000 - remove Restrooms. 20 Parks Parks South Pointe Park 483,000 - - 480,000 - - 480,000 - Move to T2 front T3 21 Parks Parks Stillwater Park 145,000 145,000 - - - 145,000 - - No change;COMPLETE Red Indicates change requested 1 of3 3/25/2021 G.O. Bond Revised Implementation Plan DRAFT mania e yk]'° ,4 [5e}��.�y��/,� '.:% REVISED ,7 REVISE EVISED':; Pro). GO Bond . 474103 �'$3 1 itzuwo .t T h 12'( T h 2 .1g-a-§; No Category Imp).Dept. Project Nome Budget -) �m g�M $i511Mt.,� $2o60M 4-ifir r„,,L. Gtfffl '+- �1'$�73 � '2019'':3(, Jxi023ev i.}5,2027'y`'y - ----_"- 22 Parks Parks Tatum Park 840,000 - - - 840,000 - 840,000 - Move up to T2 from T4 23 Parks CIP Baywalk 15,000,000 10,000,000 5,030,000 - - 10,03030,0 5,000,000 - No change;begin permitting for T2 projects from unused appropriation in T1 for Pedestrian Bridge 24 Parks CIP Middle Beach Beachwalk 4,500,000 4,500,000 - - - 4,500,000 - - No change 25 Parks Env/CIP Waterway Restoration 6,000,000 - 1,500,000 4,500,000 - - 6,000,000 - Move all funding to T2 26 Parks Prop Mgm[ Roof Replacement for Cultural 2,980,000 2,980,000 - 2,980000 - - No change;COMPLETE Facilities 27 Parks CIP Log Cabin Reconstruction 1,076,000 - 1,076,000 - - - 1,076,000 - No change 28 Parks CIP Art Deco Museum Expansion 2,000,000 - 2,000,000 - - - 2,000,000 - No change 29 Parks Econ Dev West Lots Redevelopment 5,000,000 1,000,000 2,000,000 2,000,000 - 1,000,000 4,000,000 - Move remaining funding of$4M to 72 Funded Inn from 813 North Shore Park&Youth Center due to move out of$3.69M baseball 30 Parks Parks Skate Park Improvements 750000 - - 750,000 - 750,000 - - conversion sub-project to T2 to align with completion of 81 72nd Street Project(previously approved by Commission) 31 Infrastructure CIP Ocean Drive Improvement 20,000,000 - 4,000,000 8,000,000 8,000,000 2,000,000 18,000,000 - Fund$2M design in Tl from P39 Seawalls;move up Project remaining funding of$18M to T2 32 Infrastructure CIP Palm&Hibiscus Neighborhood 1,000,000 1,000,000 - - - 1,000,000 - - No change;COMPLETE Enhancements 33 Infrastructure Env Street Tree Master Plan 5,000,000 2,500,000 2,S 0,000 - - 2,500,000 2,500,000 - No change Move Indian Creek Parkway($2M),South Pointe 34 Infrastructure PW/CIP Neighborhood Above Ground 43,000,000 - 5,030,000 15,000,000 23,000,000 - 2%000,000 20,000,000(SSM),Normandy Isle($SM),and City Center($8M)to ImprovementsT2;remainder of$20M to T3 consistent with Jacob's Engineering stormwater sequencing plan 35 Infrastructure PW/CIP Flamingo Park Neighborhood 20,000,000 - - 8,000,000 12,000,000 0303 2000Move all$20M of funding 10 13 based on Jacob's Engineering stormwater sequencing plan 36 Infrastructure CIP Washington Ave Corridor 10,000,000 - 2,000,000 6,000,000 2,000,000? 1,000,000 0000,000 Fund$IM design In Tl from 039 Seawalls;move up remaining funding of$9M to T2 37 infrastructure PWSidewalk improvement 13,000,000 3,530,030 3,000,000 3,500,000 0,000 3,00 ,. 5,200,000 3,300,000 3,900,000 Add$1.7M In T1 from 838 Streets and redistribute Program remaining$7.8M across T2 and T3 in equal amounts 38 infrastructure PW Street Pavement Program 30,030,000 7,500,030 75 0.000 7,500,000 7,500,000 5,800,000 12,100,000 12,100,000 Prrovides$1,7M in T1 to 037 Sidewalks and redistribute remaining$24.2M across T2 and T3 In equal amounts 39 infrastructure CIP/PW Resilient Seawalls and Living 10,000,000 8,000,000 2,000,(100 - - 5,000,000 5,030,000 - Move$2M to P31 Ocean Drive for design and$1M to Shorelines 436 Washington Ave In T1 40 Infrastructure OP 41st Street Corridor 15,000,000 1,500,000 1,503,000 6,000,000 6,030,000' 1500,000 13,500,000 - Move up all$13.5M of remaining funding to T2 41 Infrastructure PW/CIP La Gorce Neighborhood 14003000 2000000 3000030 9000000 14000000 Move oil$14M to 73 based on Jacob's Engineering Improvements stormwater sequencing plan Red Indicates change requested 2 of3 3/25/2021 G.O. Bond Revised Implementation Plan DRAFT --- -— -- - -- -- - - f mews y vi s R ISED �l, R ISED:_ia REVISED,-, prof' Category Imp!.Deft. Profen Name GO Bond �a U5o a i 0 �T 1 T h 2 T i 3 y No. Budget { 'm env= FaY-jjI'y $1511M $',2i7.4767.--,,,t-71,0$700M 2019 ., , zoz3 . t zov 42 Infrastructure Transp Neighborhood Traffic Calming 2000000 1,500,000 500,000 - - 1,500,003 500,000 - No change &Pedestrian-Friendly Streets 43 Infrastructure Transp/CIP Protected Bicycle lanes and 5,000,000 2,500,000 1,203,003 1,303,000 - 2,503,000 2,500,000 - Move up remaining funding of$2.5M ton Shared Bike/Pedestrian Paths 44 Infrastructure PW/CIP North Shore Neighborhood 8000000 8000000 8030000 No change consistent with Jacob's Engineering Improvements stormwater sequencing plan 45 Public Safety CIP/Fire Replace Fire Station#1 10,000,000 7,000,000 3, 0,000 - - 4,000,000 6,000,000 - Move$2M for design of 051 FS#3 and move$1M for 03 design of 0$416.0c.ean flescue NB Facility Ocean Rescue North Beach Move up f design Into 71 and move remaining 46 Public Safety CIP/Fire/Parks Facility 5,000,000 - - - 5,000,000 1,000,000 4,000,000 - funding to 72;Use unused appropriation from#45 FS01;pending confirmation from the County 47 PublicSafety Police License Plate Readers 1,950,000 1,950,000 - - - 1,950,000 - - No change Police Headquarters Advance$1.5M of T2 spending Into T1 from unused 48 Public Safety Prop Mgmt/Police Renovations 10,000,000 4,00303 ,000 - 6, 0,000 - 5,500,000 4,500,000 - appropriation in#55 Part 1 Street Ughts;Move remaining funding ton from T3 49 Public Safety Fire/Police Public Safety Radio System 10,000,000 10,000,000 - - - 10,003,030 - - No change 50 Public Safety Police Security Cameras In Business 825,030 825,000 - - - 825,000 - - No change Districts 51 Public Safety CIP/Fire Replace Fire Station 03 10,000,000 - - 2,030,000 8,000,000 - 10,000,000 - Move all funding from T3&T4 into T2 Move up sub-project Flamingo Park lighting of$2.7M 52 Public Safety Parks LED Lighting In Parks 4,500,000 1,041,030 3,459,000 - - 3,741,000 759,000 - Into Tl from TZ;Use$2M of unused appropriation from FS#1 and$700K of unused appropriation from #54 Marine Patrol Facility 53 Public Safety PW/CIP Security for Public Spaces 4,350,030 2,000,030 2,350,000 - - 2,030,000 2,350,000 - No change Marine Patrol Fire/Police Move$7000 of unused appropriation in Ti to#52 LED 54 Public Safety CIP/Fire Facility 2,700,000 2,700,000 - - - 2,000,000 700,000 - Lighting In Parks to advance the sub-project for Flamingo Park Ughting 55 Public Safety PW Street Lighting Improvements 10,000,000 5,003,030 5,000,003 - - 3,500,000 6,500,000 - Move$1.5M to#48 Part 1 Police HQ 56 Public Safety Police Security Cameras on Beach 400,000 400,000 - - - 400,030 - - No change Walk 57 Public Safely Police Security Cameras in 1,490,000 1,490,030 - - - 1,490,000 - - No change Entertainment District TOTAL 435,115,000 151,139,000 101,951,000 97,580,000 84,445,000 I 151,139,000 205,976,000 78,000,000 Red Indicates change requested 3 of 3 3/25/2021 Resolutions -R7 I MIAMI BEACH COMMISSION MEMORANDUM TO: Honorable Mayor and Members of the City Commission FROM: Raul J.Aguila, Interim City Manager • DATE: April 21, 2021 SUBJECT:A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING THE REVISED GENERAL OBLIGATION BOND IMPLEMENTATION PLAN, ATTACHED AS EXHIBIT "B" TO THIS RESOLUTION. ANALYSIS Refer to the attached Memorandum. SUPPORTING SURVEY DATA N/A Applicable Area Citywide Is this a "Residents Right Does this item utilize G.O. to Know" item, pursuant to Bond Funds? City Code Section 2-14? No Yes Strategic Connection Organizational Innovation- Implement the General Obligation (GO) Bond. Legislative Tracking Office of the City Manager ATTACHMENTS: Description ❑ Memorandum ❑ Exhibit A- Revised Implementation Plan -Tranche 1 Only ❑ Exhibit B - Revised Implementation Plan D Exhibit C - Revised Implementation Plan-Summary D Resolution Page 758 of 2709 MIAMI BEACH COMMISSION MEMORANDUM TO: Honorable Mayor and Members of the City Commission FROM: Raul J. Aguila, Interim City Manager DATE: April 21, 2021 SUBJECT: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING THE REVISED GENERAL OBLIGATION (G.O.) BOND IMPLEMENTATION PLAN. BACKGROUND On November 6, 2018, the City of Miami Beach voters approved the issuance of a $439 million General Obligation (G.O.) Bond for a total of 57 projects in 3 separate categories: Parks, Recreational and Cultural Facilities; Public Safety; and Neighborhoods/Infrastructure. During the months of January through March 2019, the G.O. Bond Oversight Committee (the Committee) met with the City owner departments of the 57 G.O. Bond projects to evaluate and create the prioritization, or `Implementation Plan" for the projects over the life of the G.O. Bond program (the Program). The Committee meetings followed a series of internal meetings of the G.O. Bond working group appointed by the City Manager (the Working Group), who created the list which was ultimately reviewed and recommended by the Committee, and subsequently approved by the City Commission on March 13, 2019. All 57 projects of the G.O. Bond were organized into four 3-year tranches, 39 of which were slated to begin in Tranche 1. TRANCHE 1 STATUS As of April 7, 2021, a total of 29 out of 39 Tranche 1 projects are in some form of "Active" status and 7 projects are completed. Most of the 39 projects in Tranche 1 have different components which are considered distinct projects or "subprojects" that are tracked separately and have separate budgets, procurement, and implementation schedules. 32 (43%) of the 74 total Tranche 1 subprojects have been completed, 8 (11%) are under construction, 22 (30%) are in a design phase, 8 (11%)are in a planning phase, and 4(5%) are pending to become active. The 32 completed subprojects equate to $18 million of the budget (12%), $30.5 million (20%) equate to subprojects under construction, $61.3 million (41%) equate to subprojects that are in the design phase, $19 million (13%)equate to subprojects that are in the planning phase, and a total equating to$22 million (15%)are for subprojects which are pending to become active. ANALYSIS Interest rates are currently at historic lows, which provides an unique opportunity for the City to revise the• implementation plan to move up funding for many projects. For example, the original interest rates used during community outreach for the G.O. Bond were 4.25%. The actual interest rates for Tranche 1 were lower at 3.5%, and our best estimate regarding rates for Tranche 2 are currently about 1.7%. The revised G.O. Bond implementation plan is estimated to save $21.2 million in debt service savings over the life of the bonds compared to the originally estimated debt service costs in 2018. Page 759 of 2709 The Administration has developed a revised G.O. Bond Implementation Plan that, in summary, proposes the following: 1) Consolidates the number of tranches taking advantage of lower borrowing costs than originally projected (3 four-year tranches instead of 4 three-year tranches). 2) Sets a new prioritization of projects, allowing the advancement of certain projects that were proposed to commence in future tranches. 3) Realignment of 14 tranche 1 projects based on current cashflow projections. The charts below compare the Original versus the proposed Revised Implementation Plan by Category: ORIGINAL IMPLEMENTATION PLAN ORIGINAL ORIGINAL ORIGINAL ORIGINAL CATEGORY Tranche 1 Tranche 2 Tranche 3 Tranche 4 $151.1 M $101.9 M $97.6 M $84.4 M Total I019 _ 2022 2025 2028 Parks,Recreational Facilities,and Cultural Facilities 86,733,000 56,942,000 23,280,000 945,000 167,900,000 Police,Fire,and Public Safety 36,406,000 13,809,000 8,000,000 13,000,000 71,115,000 Neighborhoods and Infrastructure 28,000,000 31,200,000 66,300,000 70,500,000 196,000,000 Estimated Issuance Costs and Rounding 1,178,409 884,966 884,966 787,620 3,735,960 Total per Tranche 152,317,409 102,835,966 98,464,966 85,232,620 438,850,960 REVISED IMPLEMENTATION PLAN REVISED REVISED REVISED CATEGORY Tranche 1 Tranche 2 Tranche 3 $151.1 M $206.0 M $78.0 M Total 2019 2023 2027 Parks,Recreational Facilities,and Cultural Facilities 86,733,000 81,167,000 - 167,900,000 Police,Fire,and Public Safety 36,406,000 34,809,000 - 71,215,000 Neighborhoods and Infrastructure 28,000,000 90,000,000 78,000,000 196,000,000 Estimated Issuance Costs and Rounding 1,178,409 1,855,551 702,000 3,735,960 Total per Tranche 152,317,409 207,831,551 78,702,000 438,850,960 For more detailed information, refer to the Exhibits attached herein. Exhibit A displays the proposed changes to Tranche 1 Projects only, and Exhibit B is the complete revised Implementation Plan over the life of the Program. The G.O. Bond Oversight Committee and Parks Advisory Board have both unanimously approved the revised plan at their respective meetings in February 2021. The revised plan was also presented to the Finance and Economic Resiliency Committee on March 26, 2021. The Committee approved the plan while reserving their rights to review it in further detail prior to the April 21 Commission Meeting. CONCLUSION The Administration recommends approval of the revised G.O. Bond implementation plan which will help move up the timing of many key projects and result in less overall debt service costs. ATTACHMENTS: Exhibit A: Revised Implementation Plan—Tranche 1 only Exhibit B: Revised Implementation Plan Exhibit C: Revised Implementation Plan Summary Page 760 of 2709 EXHIBIT A G.O. Bond Revised Implementation Plan - Tranche 1 Only DRAFT ,...„„hi udr 4 ,"}�i- •. ,, REVISED wilt:I r GOB GO Bond " , '+ +u Tranche 1 ! Tranche 1 Proj. Bond Category Imp!.Dept. Project Name Budget o- y„. l OnlyValues No _ USIA M. .fi �;r, �h.> a ,Z Provides$750K to#30 Skate Park project and$640K to North Shore Park&Youth #18 Scott Rakow flooring projects;baseball field 13 Parks CIP/Parks Center 5,725,000 4,930,000 3,540,000 conversion of$3.69M pushed out from Tl to T2 to (1,390,000) align with completion of#1 72nd Street Project Move to Tl the$640,000 T2 amount for basketball flooring,gymnastics flooring,mondo flooring at ice rink,outdoor patio flooring using funding from#13 18 Parks Parks Scott Rakow Youth Center 5,088,000 4,448,000 5,088,000 North Shore Park&Youth Center due to move out of 640,000 $3.69M baseball conversion sub-project to T2 to align with completion of#1 72nd Street Project Funded in T1 from#13 North Shore Park&Youth Center due to move out of$3.69M baseball 30 Parks Parks Skate Park Improvements 750,000 - 750,000 conversion sub project to T2 to align with completion 750,000 of#1 72nd Street Project Ocean Drive Improvement Fund$2M design in Tl from#39 Seawalls;move up 31 Infrastructure CIP 20,000,000 - 2,000,000 2,000,000 Project remaining funding of$18M to T2 Fund$1M design in T1 from#39 Seawalls;move up 36 Infrastructure CIP Washington Ave Corridor 10,000,000 - 1,000,000 remaining funding of$9M to T2 1,000,000 37 Infrastructure PW Sidewalk Improvement 13,000,000 3,500,000 5,200,000 Add$1.7M in Ti from#38 Streets and redistribute 1,700,000 Program remaining$7.8M across T2 and T3 in equal amounts Provides$1.7M in T1 to#37 Sidewalks and redistribute 38 Infrastructure PW Street Pavement Program 30,000,000 7,500,000 5,800,000 remaining$24.2M across T2 and T3 in equal amounts (1,700,000) Resilient Seawalls and Living Move$2M to#31 Ocean Drive for design and$1M to 39 Infrastructure CIP/PW Shorelines 10,000,000 8,000,000 5,000,000 #36 Washington Ave in T1 (3,000,000) Move$2M for design of#51 FS#3 and move$1M for 45 Public Safety CIP/Fire Replace Fire Station#1 10,000,000 7,000,000 4,000,000 design of#46 Ocean Rescue NB Facility (3,000 000) Ocean Rescue North Beach Move up$1M of design into T1 and move remaining 46 Public Safety CIP/Fire/Parks Facility 5,000,000 - 1,000,000 funding to T2;Use unused appropriation from#45 1,000,000 FS#1;pending confirmation from the County Page Revised Implementation Plan-Tranche 1 Only 761 of 2709 1 of 2 3/25/2021 G.O. Bond RevisedImplementation - Tranche 1 ��~ �� Plan Only DRAFT - , - .... .::. ,_ :. _:.,-..-.. .. : ..:...,...: -: .-: ..:,..:_-:,..5.-:F....-_,..,.:..:.: :.:-.:-_,:.--..,-.: --.- _, - , r..1771.1.:. 11, ,....,. _-_,:-._...„-7 .:.!: .,'rt, GO Bond proj ,ur—�-- Dept. ` ' , Bud ^t14 • � • . '- ` . ''''r: ^ :16`" � `��, ��'�� '^ � ' ��` �_�� , �� /��*e�� ^p � 2019 - Advance$1.5M of T2 spending into Ti from unused 48 Public Safety pmpmum�pn|�e Police Headquarter10,000,000 4,000,000 ,i 5,500,000 appropriation in#55 Part 1 StreeLights;Move 1,500,000Renovations ' remaining funding to T2 from T3 --- __-_-_-- -__'____ - --, _ _ _____--_-'__ � xxnveunouh'pn��tRaminnuPark Uuhunovfgu.7xx � into Tzfrom Tz;Use$arwofunused appropriation 52 Public Safety Parks LED Lighting inParks 4.500,000 1.041.000 ' 3.741.000 frpnnpnw�ond�7uoxofunu,e�apn,op,ia�ionhnm Z700,000 '1! #s4xxorinePatrol Facility - _ __-- -- -�_ _� .` ----__. .. _ � xxoveg7oowofunu� appropriation p, uoninTztn#saLsn 54 Public Safety CIP/Fire ma�nepa�nv|n'��«oce 2'700,000 2'700 000 '- 2,000,000 Lighting in Parks to advance the sub-project for (700'000) Facility Flamingo Park Lighting - 411 — ------ '_' __-_ �--__' -' ___' '_--__ ss Public Safety PW Street Lighting Improvements 10,000,000 5,000,000 i 3,500,000 Move$z.smtnw4oPart zPolice*Q (1,500,000) ____ ___ _____ __ _ __ ---_ --_- '--__-----_ -- _---- — - -_'� ----- __ -�__--_-- _- TOTAL 136,763,000 48,119,000 ,1,1111111 48,119,000 ' P�e7�mf2�9 RevisedImplementation 2 of 2 3/25/2022 EXHIBIT B . G.O. Bond Revised Implementation Plan DRAFT • ,r,.,,,,,m ,,,,v,(1.90141017,30,,,,,,v,.,.,-, ,„,,,,41.0„;,,vi,„,,,,,or,,, ......,, . ..,• • .. . . .' • .,,I.,„....." .... ,4:...,. -REVISED-"-,-;,...'REVISED....•-.,-' -REVISED-.I irev,.. 1,:.....,.i. • , . , . - . I4Ibli ivi=iil 1:4V.*+:1N,11,411"4n014.'llf"' ix..604-4.- , Trundle 1 'Deaths 2' 'Dandle Pro). GO Bond 1 ,,,tv' 1 il , 4v44,40# . Category Imp!.Dept. Project Name No. Budget 4,i•1;143":„.,11,',. ,94 •4;,. „11';.,,,o, •,,,44 4:1,,,I.; ,., ,..a.„ „17,, . MIA M 2029 2023 2027 ., .'.; . h.r.i....,C06" +.7.4;o:.1..1 • 'el= ..A.U....tht4, 111r. • ..t.F. ....4..th.4`. .• 1 Parks 72nd Street Park,Library,and 53,800,000 10,800,000 43,000,000 - - ". 10,800,000 43,000,000 - No change CIP Aquatic Center 2 Parks Parks Collins Park 640,000 640,000 - - - = 640,000 - - No change;COMPLETE ______ __. • .___ 3 Parks Parks Crespi Park 211,000 211,000 - - 211,000 - - No change;COMPLETE __. _ Iii, _ _. . ___ . . .. ;-- ------ --••- --- , 4 Parks Parks Fairway Park 260,000 260,000 - - - 260,000 - No change;COMPLETE . --•- - -- -._ ____ -•- . . Move up T3 funding of$15.15M to T2;start Flamingo PAL Facility,Flamingo Park& 5 Parks CIF 30,550,000 15,400,000 - 15,150,000 - . 15,400,000 15,150,000 - Park Master Plan improvements in Ti with unused Youth Center rappropriation from PAL facility -- - • . 6 Parks Parks Fisher Park 105,000 - - - 105,000 - 105,000 - Move up to T2 from T4 - l 7 Parks Parks La Gorce Park 150,000 - - 150,000 - - 150,000 - Move up to T2 from T3 ., ••- - - 8 - Parks Parks Lummus Park 4,737,000 4,737,000 - - - 4,737,000 - - No change - - •-•-- • • - 9 - Parks Parks Marjory Stoneman Douglas 68200 682,000 - - 682,000 - No change ,0 Park . • 10 Parks CIP Maurice Gibb Park 3,300,000 3,300,000 - - -1 3,300,000 - - No change U Parks Parks Muss Park 250,000 - - 250,000 - 250,000 - Move up to T2 from T3 North Beach Oceanside Park 12 Parks CIP 2000,000 2,000,000 - - 2,000,000 - - No change Beachwalk Provides$7501(to 1130 Skate Park project(previously approved by Commission)and$6401(to#18 Scott North Shore Park&Youth ,ll 13 Parks CIP/Parks 5,725,000 4,930,000 795,000 - - :i 3,540,000 2,185,000 - Rakow flooring projects;baseball field conversion of Center yi $3.69M pushed out from Ti to T2 to align with completion of#1 72nd Street Project L • ---- 14 Parks Parks Palm Island Park 231,000 - 231,000 - - ., - 231,000 - No change • Bayshore Park(Par 31 -- '1 15,700,000 - No change' Community Parks CIA 15,700,000 15,700,000 - - - Community Park) 16 Parks Parks Pinetree Park 700,000 - 700,000 - - , - 700,000 - No change • , 17 Parks Parks Polo Park 500,000 500,000 - - " 500,000 - - No change;COMPLETE _. - .. Move toll the$640,000 T2 amount for basketball flooring,gymnastics flooring,mondo flooring at ice 18 Parks Parks Scott Rakow Youth Center 5,088,000 4,448,000 640,000 - - 5,088,000 - - rink,outdoor patio flooring using funding from#13 North Shore Park&Youth Center due to move out of $3.69M baseball conversion sub-project to T2 to align ,. with completion of 8172nd Street Project 19 Parks Parks Soundscape Park 4,500,000 4,500,000 - - - ' 4,500,000 - - No change-Scope&budget change required to remove Restrooms. ----- - _.__ . •---- ----- --------- 20 Parks Parks South Pointe Park 480,000 - - 480,000 - Il - 480,000 - Move to T2 from T3 i -- • --- -•-- --- 21 Parks Parks Stillwater Park 145,000 145,000 - - - .- - 145,000 - - No change;COMPLETE . _ •- __ ..______ Page 763 of 2709 Red Indicates change requested 1 of 3 3/25/2021 G.O. Bond Revised Implementation Plan . DRAFT • ••,,,,.. ..4e.,,,,w,.„..,„I, iivat:„..4...,A.v.:,,,:,,,,,t,p..!..4,,ono.: ....avow WISED REVISED br44:Itreflilt",-ItItqlrAIii" P"'31 gliii .11%,t, Trento 1 Trindla;: . Trim*,a• • ,,. ,,,,. , , • •.., '•••:•••.1•1.9.1,1 Pr.°J. • Category , !met.Dept. . Project Neale• G°IIdgp 1 otr0.1 ,A.11140469,f1,1,41,110toN ,c1,q0,Ateiv,,1 -stiti.pi • $266.0 m • 478.0 m :', .,1 ,,a.,,,woo! ,1 . .4 4, ,,..1.1144,4., No. Bue,"d '"V'4'!"?Vt:Li: i..,,4; +.4.,:i..^, 1;,, ..,..,,.„• '.. , V. 'Vim' ST/23 . 2027 ! 1.,a.V.).fiN107.011P MISAAk.de,Jkdriliieer'' .LaS,•41•04,:::•?•4-`,42. . • . . r.v. 22 Parks Parks Tatum Park 840,000 - 846000 .. - 840,000 - Move up to 72 from T4 ___._. _ - - -- •--- ---- • ._ _ v No change;begin permitting for 72 projects from 23 Parks CIP Baywalk 15,000,000 10,000,000 5,000,000 - - J 10,000,000 5,000,000 - _ _. unused appropriation in Ti for Pedestrian Bridge • --- - -- — _ •• .- 24 Parks CIP Middle Beach Beachwalk 4,500,000 4,500,000 - - - 4,500,000 - No change 0, 25 Parks Env/CIP Waterway Restoration 6,000,000 - 1,500,000 4,500,000 - - 6,000,000 - Move all funding to T2 _... _.. — •— _._. .._._ . _..____ Roof Replacement for Cultural - No change;COMPLETE - , 2,980,000 - 26 Parks Prop Mgmt 2,980,000 2,980,000 - - Facilities . ,. . _ . .. . 27 Parks CIP Log Cabin Reconstruction 1,076,000 - 1,076,000 - - 0 1., - 1,076,000 - No change .— —. -' 28 Parks CIP Art Deco Museum Expansion 2,000,000 - 2,000,000 - - 2,000,000 - No change _ N. -- - _ .. ._ . 29 Parks Econ Dee West Lots Redevelopment 5,000,000 1,000,000 2,000,000 2,000,000 - 1,000,000 4,000,000 - Move remaining funding of$4M to T2 .I; Funded in Ti from tl 3 3 North Shore Park&Youth ji Center due to move out of$3.69M baseball 30 Parks Parks Skate Park Improvements 750,000 - - 750,000 - 750,000 - - conversion sub-project to 12 to align with completion of#1 72nd Street Project(previously approved by ,.. Commission) . Ocean Drive Improvement 31 Infrastructure CIP 20,000,000 . 4,000,000 8,000,000 8,000,000 rll', 2,000,000 18,000,000 - Fund$2M design in Ti from#39 Seawalls;move up Project remaining funding of$18M to T2 • Palm&Hibiscus Neighborhood 32 Infrastructure CIP 1,000,000 1,000,000 - - - i'. 1,000,000 ..,: - - No change;COMPLETE Enhancements 33 Infrastructure Env Street Tree Master Plan 5,000,000 2,500,000 2,500,000 - - ,1 2,500,000 2,500,000 - No change I ' Move Indian Creek Parkway($2M),South Pointe Neighborhood Above Ground ($5M),Normandy Isle($8M),and City Center($8M)to 34 Infrastructure PW/CIP 43,000,000 - 5,000,000 15,000,000 23,000,000 „..! - 23,000,000 20,000,000 Improvements T2;remainder of$20M to T3 consistent with Jacob's Engineering stormwater sequencing plan 35 Infrastructure PW/CIP Flamingo Park Neighborhood 20,000,000 - - 8,000,000 12,000,000 - - 20,000,000 Move all$20M of funding to T3 based on Jacob's id Engineering stormwater sequencing plan - -- -- -------• ----- - $1M 36 Infrastructure CIP Washington Ave Corridor 10,000,000 - 2,000,000 6,000,000 2,000,000 1,000,000 9,000,000 - in Ti from#39 Seawalls;move up ,1 remaining design remaining funding of$9M to T2 • .. .._.. _...__ _ Sidewalk Improvement A Add$1.7M in Ti from 1138 Streets and redistribute 37 Infrastructure PW 13,000,000 3,500,000 3,000,000 3,500,000 3,000,000 ." 5,200,000 3,900,000 3,900,000 Program li; remaining$7.8M across T2 and T3 in equal amounts 1:' --• • -— -•-------- 38 Infrastructure PW Street Pavement Program 30,000,000 7,500,000 7,500,000 7,500,000 7,500,000 5,800,000 12,100,000 12,100,000 Provides$1.7M in Ti to#37 Sidewalks and redistribute remaining$24.2M across T2 and T3 in equal amounts :Iv .1. __. .__ .__. . ___ __._ . • 1.. 39 Infrastructure CIP/PW 8,000,000 2,000,000 - - 5,000,000 5,000,000 . Resilient Seawalls and Living Move$2M 10 1131 Ocean Drive for design and$1M to 1:10,000,000 Shorelines ' #36 Washington Ave in Ti l — 40 Infrastructure CIP 41st Street Corridor 15,000,000 1,500,000 1,500,000 6,006000 6000,000 1,500,000 13,500,000 - Move up all$13.5M of remaining funding to T2 i! 41 Infrastructure PW/CIP - .. ... ____ La Gorce Neighborhood 14,000,000 - 2,000,000 3,000,000 6 000 Move all$14M to T3 based on Jacob's Engineering 000, ' - 14000000 Improvements . stormwater sequencing plan - ----- • --• — -—• - ------ --- , , m _ __ _. _ _ — - Page 764 of 2709 Red Indicates change requested 2 of 3 3/25/2021 G.O. Bond Revised Implementation Plan DRAFT . . . .... . . ''''''':,i'A .# P1.1!1:Virfr/Pg'r A ;iinkaPg :L.`;'itidii I 1. 11ailS • REiliED.- EI) :' '- ' . ., ' ,,.-r. '' 11,;1;!:;.i.1'.0:4144.P":P.A34440:444401:42.`.;414,'K$1,4W.011VPLP lq ' proj. GO Bond Trenche 1 Trench:2 Tranche3 Wormy Impl.Dept. Project Name d No. Buge ?kliAf•,...6Ii ,.ht, . ;4r11,101,311044 :.4, t,kl;:i 0,..,i,,471't, $33m.tio.i am°m. Vag M • Vto;' .4'',.,ith,Nu r. .4,7700tr,.,t,..- tz,,,,,i„,,,J. .. ... 2013 2023 :2022 . , . : ;1_,1.,::,_,, ,,; ., ;.''e'l ' %I'M',.1' 1 i;;;;;L;;;"';'''.'Ot,';"; ';4;YIT.,','• 'III' I't•II'II''.°'1" •• . '''''. , I ' • • •- , ' ' . Neighborhood Traffic Calming 42 Infrastructure Transp 2,000,000 1,500,000 500,000 - - ,' 1,500,000 500,000 - No change &Pedestrian-Friendly Streets ---- —.• _ I' 43 Infrastructure Transp/CIP Protected Bicycle Lanes and 5,000,000 2500,000 1,200,0110 1,300,000 - . Z500,000 2,500,000 - Move up remaining funding of$25M to T2 Shared Bike/Pedestrian Paths 44 Infrastructure PW/CIP North Shore Neighborhood 8,000,000 - - 8,000,000 - .., - - 8,000,000 No change consistent with Jacob's Engineering Improvements ,I'll stormwater sequencing plan Move$2M for design of#51 FS#3 and move$1M for 45 Public Safety CIP/Fire Replace Fire Station#1 10,000,000 7,000,000 3,000,000 - - . 4,000,000 6,000,600 - design of#46 Ocean Rescue NB Facility Move up$1M of design into Ti and move remaining 46 Public Safety CIP/Fire/Parks Ocean Rescue North Beach 5,000,000 - - - 5,000,000 1,000,000 4,000,000 - funding to T2;Use unused appropriation from#45 Facility i FS#1;pending confirmation from the County _ ------ 47 Public Safety Police License Plate Readers 1,950,000 1,950,000 - - . 1,950,000 - - No change I Advance$1.5M of 12 spending into Ti from unused PoliceHeadquarters 48 Public Safety Prop Mgmt/Police 10,000,000 4,000,000 - 6,000,000 - : 5,500,000 4,500,000 - appropriation in#55 Part 1 Street Lights;Move Renovations remaining funding to Ti from 13 _ .. - •• 49 Public Safety Fire/Police Public Safety Radio System 10,000,000 10,000,000 - - - .,, 10,000,000 - - No change - _ Security Cameras in Business 50 Public Safety Police 825,000 825,000 - - 825,000 - - No change Districts _.._.. i 51 Public Safety CIP/Fire Replace Fire Station#3 10,000,000 - - 2,000,000 8,000,000 I.: - 10,000,000 - Move all funding from T3&T4 into 12 I? Move up sub-project Flamingo Park lighting of$2.7M 52 Public Safety Parks LED Lighting in Parks 4,500,000 1,041,000 3,459,000 - - .1i• 3,741,000 759,000 - Into Ti from 12;Use$2M of unused appropriation from Mil and$700K of unused appropriation from l #54 Marine Patrol Facility 53 Public Safety PW/CIP Security for Public Spaces 4,350,000 2,000,000 2,350,000 - - It 2,000,000 2,350,000 - No change z• Move$700K of unused appropriation in Ti to 1452 LED Marine Patrol Fire/Police 54 Public Safety CIP/Fire Facility 2,700,000 2,700,000 - - - • 2,000,000 700,000 - Lighting in Parks to advance the sub-project for I, Flamingo Park Lighting 55 Public Safety PW Street Ughting Improvements 10,000,000 5,000,000 5,000,000 - 3,500,000 6,500,000 - Move$1.5M 10 948 Part 1 Police HQ . _ . • • ---- -• ----• 56 Public Safety Police ----- Security Cameras on Beach 400,000 400,0 -00 - - i 400,000 - - No change Walk l 57 Public Safety Police Security Cameras in 1,490,000 1450,000 - - - 1450,000 - - No change Entertainment District .• il TOTAL 435,115,000 151,139,000 101,951,000 97,580,000 84,445,000 151,139,000 205,976,000 78,000,000 Page 765 of 2709 Red Indicates change requested 3 of 3 3/25/2021 EXHIBIT C Summary Revised G.O. Bond Implementation Plan DRAFT Z w.:n d t tl °"il �I "~ ' '" INtlki �n w P mp rr>I 1, .. ... . +:4 k"'+a°`d �<$I rr wrry w' s.y, ,9 Gl t�! p,f tl�9, F.pi , 'I ��, :!''fjI '47.r-1 p k F'0 "� %° „WI.;, REVISED . REVISED REVISED 1' ,I 5 ABY 4. 14 I� R:Im„ '! i kh''.. �f �' 0111 PI... yX•.0 .:',Vf; ' 4� * '” '�' ' —....k9 !'�d�.'I a.� fi.�tl <y"I q, y .. u,f t ,} ,,,y1,1•, t1,:'.e''''. ...4.w • N ,;41 # ' : rfi ..;ok Tranche 1 Tranche Z Tranche 3 SF y �L ,3. k�f�.. n4 ro5.w%E!('4'4�� xi rr.q' ` 4" r. 9 ,� w I I k k1kY''rsY� 'k:S Total 1 L j, M I� F ti 4 >< T nh q MVV. :�/ar p `y it'll , i •-@ 15 c 06 0 [. I 1 n e M,i �I..��,�4'. 4YJ p.4i: �,r .w4n ,1� � ` H�" .r'• �Y. 4�l� A9 •'�,jE ° �. � !�� M,. !y9: � �9 ��MM1�F f $17.1.1 M �7r1.W.Y M • � X178.0-M 1V('y` t t fit i);P, 4 �2 1 oiol!,.9 1 II-k+ ;4,,;,70:110c %I ;. .q ,.h: :p ." .l„yi:�i:ll _ h!I .$206.(;); Ijtla, .i"'ui Lti�,.L: �r l.a! �dP . ,f,l:!I IIII:I�a,.; ': .:I III !.', :r .:., ; h,'�II .I A� ,.F ;I ,:I :I. rU'.: a,� I i.,,.t.Jl r 'C{w'1h:U� _p4k, llu,,,I lIII P F:+;. y•Wt.m!,I ,:,..: VIII... {i•!1. hr;r r r.:. "', !Ill �I.V. .; I' o Ii 1, .'[py' �•U:' .1 i :�y , I,�. I�:I I IF'rl 11.1 ly:l!�ry y,. 4 • 1- ,,.rl 7., �k�,I Jk a I �r1� ry I-� � f � ��u -....;.' k�q";,:pF�; i'' Ign�d Iv �ti"iri:� �' ��'k� k'�"'.��':�tl r �. � 2019 :�� 2023 :.. 2027 ,. ......�41 '@;• ., Nh�S. 1 I,I JgJ.0 iSyl. .�.{ e+:Via. I r.I Y:,i I � � 8,., i,.is • � �� Total Project Costs per Tranche 151,139,000 101,951,000 97,580,000 84,445,000 435,115,000 151,139,000 205,976,000 78,000,000 435,115,000 Estimated Issuance Costs and Rounding 1,178,409 884,966 884,966 787,620 3,735,960 _ 1,178,409 1,855,551 702,000 3,735,960 Total per Tranche 152,317,409 102,835,966 98,464,966 85,232,620 438,850,960 152,317,409 207,831,551 78,702,000 438,850,960 � ,_:.:v t!�.,2. .r•, ,...:.::I.., %V,...:.,:_.:: �+y ' a.Y:.t. ., . .- . 7 ^5 '. i n+•7 ,y. [q� REVISED REVISED REVISE D .o `41i:Pr ''i, p x ,° 1 ' ri:" ` i'., r'mx '1� ,y9L., � , pi ylt,,: „ �k .;":+ F, 4:: , ? �„ , ri�q�_ , Ml I .1 :f,u : 11i �' ...4.1„ ,.I.v ,ry � 1,1k� p . !,6I1I ,II'L',r IrPlpiFdfor9 I:4GY u .-N �IrIiA:.yllh� 4 � ` :' 11�li4i..i��: k •:.u� ��.;' 1F. y ,�, I �;" 1'...,Id .,, � :., ,'. uuTrait-the ch®i •Tranche 2: Tranche 3 T otal .. .S ,a tA. �RIk ,�:,'�s ,ka '*' , !*a , I,;:1'4r „;,.t--.11,,,,401'i_... . - !Yl. , ” , ' re q;4410! • .ittt h 'tl.,urx +1 " Y ' Ivv ' ter. ,, "9," I " 5151.1M 5206.0M 578.0Mr �: jIae: � ' :. }' r " LJF 1 yrFy .,,,,14,„„7,,,-,,,I; fr0 { „0 + L ii: 4 `tT d `AF ^F 11 I1 'II w sn W alt { �'F4 � ? -L %, ; 2019 2023 2027 • i r 'h.'' h d i 'r � � hle. iIwr'g :' - ` ..6w+`e.n }� .. . Ie}wr . �: ,�N ,... �94 ,000. 1.6;,966,000 86,733,000 81,167,000 167,900,000Parks,Recreational Facilities,and Cultural Facilities 86,733,000 56,942,000 23,280,000 Police,Fire,and Public Safety 36,406,000 13,809,000 8,000,000 13,000,000 71,215,000 36,406,000 34,809,000 - 71,215,000 Neighborhoods and Infrastructure 28,000,000 31,200,000 66,300,000 70,500,000 196,000,000 28,000,000 90,000,000 78,000,000 196,000,000 Estimated Issuance Costs and Rounding 1,178,409 884,966 884,966 787,620 3,735,960 1,178,409 1,855,551 702,000 3,735,960 Total per Tranche 152,317,409 102,835,966 98,464,966 85,232,620 438,850,960 152,317,409 207,831,551 78,702,000 438,850,960 ' k - -'2.S Oy ! , AI+,wy.. 4p44'”9.vi . ,. ~7 ' +' w , ,,, 'vhprw'-,r...p:1 % ,e'> .rk ,q „1,.."'21'.,,,' % .+ • if,~•.r .,z,.',4,.,1,',‘!,,,i,..,1 %II;�dl .i. - I ,,,..! REVISED REVISED REVISED I , s -hp t3-4kA3 ? , ,t.17. i, C4goN _ ' tti45410 W � r.!,1:40,,,; '`.1:r 0 , ` °' Tranche 1 Tranche 2 Tranche 3 70 1 1 MI ♦,-%rn1 �4,; ii:;, p � ,} i "410100 I'',i1:1', w� OM7y4i ,1 .: :! ,oI ' 1 $151.1:M. :$Z06AM $78,OM' • -';L s ..?a,. ;: ,.1. .N:.„� ,..,•.:,.,5 .. tilunua . ..w .. w:: . I 3 1' rI', % r S+I �'aw: ''" Ns tI a � r �,r1t '"bt .w'} k' s Ik... '4'01-s :I.� . + :, .f N4"� Af1 ;'i7v' Z f � diit� ,,,,,.,,41' ', �'.{Kypr'.�,4� ,, 7� �4,.:.:,r ,. I "b 2019 2023 . 2027. v , . ,v.� : � � ' 4 � d b �I} r ; S•� 9 � ' sal ,� - � $� �:{ '''''1'10'114'Jr Irlr 4. /A?Z1 I0I + l� ' 1'1fEi y• � ,%,�. u . idi�1L \�sa " 'I $.r!:. . lY• ,�,Y.. . North 19,346,000 46,871,000 10,750,000 5,840,000 82,807,000 19,706,000 55,101,000 8,000,000 82,807,000 Mid 29,948,000 4,840,000 11,400,000 23,105,000 69,293,000 32,588,000 22,705,000 14,000,000 69,293,000 South 50,549,000 18,581,000 37,630,000 22,000,000 128,760,000 47,849,000 60,911,000 20,000,000 128,760,000 Citywide 51,296,000 31,659,000 37,800,000 33,500,000 154,255,000 50,996,000 67,259,000 36,000,000 154,255,000 Estimated Issuance Costs and Rounding 1,178,409 884,966 884,966 787,620 3,735,960 1,178,409 1,855,551 702,000 3,735,960 Total per Tranche 152,317,409 102,835,966 98,464,966 85,232,620 438,850,960 152,317,409 207,831,551 78,702,000 438,850,960 Page 766 of 2709 Revised Implementation Plan 1 of 1 3/17/2021