Resolution 2024-32966 RESOLUTION NO.( 2024-32966
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE
CITY OF MIAMI BEACH, FLORIDA, ADOPTING THE FOURTH
AMENDMENT TO THE CAPITAL BUDGET FOR FISCAL YEAR 2024 AS
SET FORTH IN ATTACHMENTS A, "PROJECTS"; B, "SOURCE OF
FUNDS"; AND C "PROGRAMS."
WHEREAS, on September 27, 2023, the final Capital Improvement Plan (CIP) for
Fiscal Years 2024 — 2028 and the final Capital Budget for FY 2024 was adopted.via
Resolution,No'. 2023-32788; and
•
WHEREAS, on December 13, 2023, the First Amendment to the Capital Budget
for FY 2024 was adopted via Resolution No. 2023-32861; and
WHEREAS, on January 31, 2024, the Second Amendment to the Capital Budget
for FY 2024 was adopted via Resolution No'. 2024-32902; and
WHEREAS, on February 21, 2024, the Third Amendment to the Capital Budget for
FY 2024 was adopted; and
WHEREAS; it is recommended by the Administration that the FY 2024 Capital
Budget be amended to increase appropriations by $5,880,000.00 as highlighted in
Attachments A, "Projects"; B, "Source of Funds"; and C, "Programs."
NOW, THEREFORE,.'BE IT DULY RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF MIAMI.BEACH, FLORIDA,that following a duly noticed
public hearing on March 13, 2024, the Mayor and City Commission hereby adopt the
Fourth Amendment to the Capital Budget for Fiscal Year 2024 as set forth in Attachments
A, "Projects"; B, "Source.of Funds"; and C, "Programs."
PASSED AND ADOPTED this 13th day of March 2024.
ATTEST:
./1 "21)(jt.
MAR 1 5'2024 ' ' Steven Meiner, Mayor
Rafael E. Granado, City Clerk B" ,,
. APPROVED AS TO
ict`'... eti''ti,,. FORM&LANGUAGE .
""� &FOR EXECUTION -
INCORPORATED!
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City Attorney Pita :pate
ATTACHMENT A
FY 2024 CAPITAL BUDGET
PROJECTS
AMENDED 3/13/2024
Amended Revised Capital
Capital, Amended Name - FY 2024 • 3/13/2024
•
Capital Budget Budget
•
North Beach Property Purchase.(Project#21724) 650,000.00 5,880,000.00 6,530,000.00
Total $ 650,000.00 $ 5,880,000.00 $ 6,530,000.00
Note:
(i)Acquisition of 7605 Collins Avenue per vote of the Mayor and City Commission at the January 31,2024 City Commission meeting
ATTACHMENT B
FY 2024 CAPITAL BUDGET
SOURCE OF FUNDS
AMENDED 3/13/2024
Amended Amended
Funding Source • FY 2024 Revised Capital Budget . .
Capital Budget •3/13/2024 •
Transportation Fund. $. . • 13,129,163.00 $: . 13,129,163.00 -
Resiliency Fund 5,000,000.00 - , 5,000,000.00
Capital Renewal&Replacement - 2,025,000.00 - " . 2,025,000.00
7th Street Garage 1,861,500.00 . 1,861,500.00
Capital Projects Financed By Other Funds 850,582.00 - 850,582.00
• Pay As You Go:Capital Fund ` • 24,637,614.00 - 24,637,614.00
Capital Reserve 265,374.00 - 265,374.00
Resort Tax-South Beach 1,975,427.00 - 1,975,427.00
Resort Tax-Mid Beach : 1,999,900.00 • - : 1,999,900.00
- Resort.Tax=North Beach.• . . • 2,020,953.00 - 2,020,953.00
City Center RDA Capital Fund 1,581,342.00 - •.1,581,342.00
Building Operations 650,000.00 5,880,000.00 6,530,000.00
Water&Sewer Projects funded from Operations , 25,069,084.00 25,069,084.00
2017 Water&Sewer Bonds . - 3,505,978.00 - • 3,505,978.00
Water&Sewer Bond Series.2010 - ' •705.00 = 705.00
Water&Sewer Impact Fees 111,229.00 - 111,229.00
2017 Storm_Water Bonds - - -
. 2015. Storm Water Bonds 795,436.00 - . 795,436.00
Storm Water Capital not Bonds 18,869,061.00 - 18,869,061.00
Sanitation Enterprise Fund 1.00,000.00. - 100,000.00
Convention Center Operating Fund 3,066,286.00 - - 3,066,286.00
Convention Center Renewal&Replacement • 4,713,617.00 -. • 4,713,617.00
RDA Garages 764,608.00. .=, 764,608.00
2015 Parking Revenue Bonds 946,897.00 , - 946,897.00
Parking Capital not Bonds ,1,584,301.00 • - 1,584,301.00'
Fleet Management 1,377,241.00 - 1,377,241.00
Property Management 25,760.00. . 25,760.00
Total Appropriation as of 3/13/2024 $ 116,927,058.00 $ 5,880,000.00 $ 122,807,058.00
•
• Note: '
(i)Acquisition of 7605 Collins Avenue per vote of the Mayor and City Commission at the January 31,2024 City Commission
meeting
ATTACHMENT C
FY 2024 CAPITAL BUDGET
PROGRAMS
Amended Amended Revised Capital
Program Area FY 2024 3/13/2024 Budget
Capital Budget
Bridges $ (996,210.00) - - $ (996,210.00)
Convention Center 3,774,800.00 - 3,774,800,00
Environmental 3,670,191.00 - 3,670,191.00
Equipment 2,842,241.00 2,842,241.00
General Public Buildings 8,867,456.00 5,880,000.00 14,747,456.00
Golf Courses 1,090,000.00 - 1,090,000.00
Parking 1,429,301,00 1,429,301.00
Parking Garages . 2,481,108.00 . • - 2,481,108,00
Parking Lots 300,000.00 - 300,000.00
Parks 1,816,889.00 - 1,816,889.00
Renewal&Replacement . 16,204,742.00 - • 16,204,742.00
Seawalls 1,496,777.00 " 1,496,777.00
Streets/Sidewalks/Streetscapes Improvements 23,221,752.77 - - 23,221,752.77
Street Lighting 400,000.00 - 400,000.00
Transit Transportation . 17,954,290.00 - • 17,954,290.00
Utilities 32,373,720.23 32,373,720.23
Total Appropriation as of 3/13/2024 $ 116,927,058.00 $ 5,880,000.00 $ 122,807,058.00
Note:
(i)Acquisition of 7605 Collins Avenue per vote of the Mayor and City Commission at the January 31,2024 City Commission
meeting
Resolutions -R7 A
MIAMI BEACH
COMMISSION MEMORANDUM
. TO: Honorable Mayor and Members of the City Commission
FROM: Alina T. Hudak, City Manager
DATE: March 13, 2024
2:05 p.m. Public Hearing
SUBJECT:A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY
OF MIAMI BEACH, FLORIDA, ADOPTING THE FOURTH AMENDMENT TO
THE CAPITAL BUDGET FOR FISCAL YEAR 2024 AS SET FORTH IN
ATTACHMENTS A, "PROJECTS"; B, "SOURCE OF FUNDS"; AND C
"PROGRAMS."
RECOMMENDATION
See attached memorandum.
SUPPORTING SURVEY DATA
N/A
FINANCIAL INFORMATION
See attached memorandum.
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?
Yes No
Strategic Connection
Organizational Innovation- Ensure strong fiscal stewardship.
Legislative Tracking
Office of Management and Budget
ATTACHMENTS:
Description
Dr MEMO -4th Amendment to the FY 2024 Capital Budget
Page 515 of 1070
o Resolution
Page 516 of 1070
MIAMI BEACH
City of Miami Beach,1700 Convention Center Drive,Miami Beach,Florida 33139,www.miamibeachfl.gov
COMMISSION MEMORANDUM
TO: Honorable Mayor Steven Meiner and Members of the City Commission
FROM: Alina T. Hudak, City Manager
DATE: March 13, 2024
SUBJECT: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, ADOPTING THE FOURTH AMENDMENT TO THE
CAPITAL BUDGET FOR FISCAL YEAR 2024 AS SET FORTH IN
ATTACHMENTS A, "PROJECTS"; B, "SOURCE OF FUNDS"; AND C
"PROGRAMS."
STRATEGIC PLAN SUPPORTED
Organizational Innovation—Ensure strong fiscal stewardship
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 Fiscal Year
("FY") 2024 — 2028 Capital Improvement Plan and FY 2024 Capital Budget was adopted on
September 27, 2023 by Resolution No. 2023-32788.
The First Amendment to the FY 2024 Capital Budget was adopted on December 13, 2023 by
Resolution No. 2023-32861.
The Second Amendment to the FY 2024 Capital Budget was adopted on January 31, 2024 by
Resolution No. 2024-32902.
The Third Amendment to the FY 2024 Capital Budget was adopted on February 21, 2024.
Page 517 of 1070
Fourth Amendment to the FY 2024 Capital Budget
March 13,2024
Page 2 of 2
FOURTH AMENDMENT TO THE FY 2024 CAPITAL BUDGET
The Fourth Amendment to the FY 2024 Capital Budget reflects an overall increase of
$5,880,000.00 for the following capital project:
•
1. North Beach Property Purchase(#21724):The purpose of this project is to purchase
a building in the North Beach area for the Building Department,with a goal of providing
a dedicated space/hub for North Beach residents and other stakeholders.
At the January 31, 2024 City Commission meeting, the Mayor and City Commission
voted in favor of purchasing the property at 7605 Collins Avenue from Rudy and
Elizabeth Perez with a referral to the Finance and Economic Resiliency Committee
(FERC)to discuss funding for the purchase.
At the February 23, 2024 FERC meeting,the Committee voted to approve a motion to
recommended utilizing reserves from the Building Department Fund to acquire the
property. While the property's main purpose would be for Building Department
activities, other departments could utilize portions of the building for ancillary
purposes, with the costs covered by rental payments.
Funding for this amendment, in the amount of $5,880,000.00, would come from the
Building Department (Fund 410)fund balance.
Prior Years'Appropriations $650,000.00
March 13, 2024 Capital Budget Amendment 5,880,000.00
Proposed Total Appropriation $6,530,000.00
Was agenda item initially requested by a lobbyist which, as defined in Code Sec. 2-481,
includes a principal engaged in lobbying? No
If so, specify name of lobbyist(s)and principal(s): N/A
ATH/JDG/TOS
Page 518 of 1070