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694-2024 RDA RESOLUTION NO. 694-2024 A RESOLUTION OF THE CHAIRPERSON AND MEMBERS OF THE BOARD OF THE MIAMI BEACH REDEVELOPMENT AGENCY ADOPTING AND APPROPRIATING THE MIAMI BEACH REDEVELOPMENT AGENCY CAPITAL BUDGET FOR FISCAL YEAR 2025 AND ADOPTING THE CAPITAL IMPROVEMENT PLAN FOR FISCAL YEARS 2025 -2029. WHEREAS, the Fiscal Years (FY) 2025 - 2029 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 RDA Capital Budget for FY 2025 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 as may be required; and WHEREAS, the RDA City Center Renewal & Replacement Capital Budget for FY 2025 totals $851,311; and WHEREAS, the Non-TIF RDA Capital Budget for FY 2025 totals $7,800,467; and WHEREAS, the RDA Series 2015A Capital Budget for FY 2025 totals $7,127,016; and WHEREAS, the City Center RDA Capital Fund Capital Budget for FY 2025 totals $1; and WHEREAS, the RDA Anchor Garage Capital Budget for FY 2025 totals $879,300; and WHEREAS, the RDA Penn Garage Capital Budget for FY 2025 totals $550,000; and WHEREAS,the projects to be appropriated in the FY 2025 RDA Capital Budget and CIP for FY 2025-2029 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 of the Board of the Miami Beach Redevelopment Agency hereby adopt and appropriate the Miami Beach RDA Capital Budget for FY 2025 and adopt the Capital Improvement Plan for Fiscal Years 2025 through 2029, as set forth in Attachment"A." PASSED AND ADOPTED this 25th day of September 2024. ATTEST: y/ SEP 2 6 2024 ven Meiner, Chairperson Rafael E. Granado, Secretary ;50 ,,,,, APPROVED AS TO =: •• FORM&LANGUAGE &FOR EXECUTION INCOR4 ORATE h "`,,,,,, Redevelopment Agency Date General Counsel MI A A t B E A^ CITY OF MIAMI BEACH " • 1\v/1 f [y FY 2025-2029 CAPITAL IMPROVEMENT PLAN BY FUNDING SUMMARY ATTACHMENT A PROJECT PROJECT NAME Previous Years - FY 2025 FY 2026 FY 2027 FY.2028 FY 2029 Total 164 RDA CITY CENTER RENEWAL&REPL 29300 LINCOLN RD LENOX-COLLINS W/SIDE ST. 20,000,000 - - - - - 20,000,000 61726 CITY HALL WOODEN DOOR REPLACEMENTS - - - 300,000 - - 300,000 64420 CITY HALL RESTROOM RENOVATIONS - 1,311 - - - 1,311 • 66928 CITY HALL WINDOW TREATMENT - - 100,000 - - - 100,000 67326 CITY HALL GLASS ELEVATORS MODRNZTN - 300,000 - - - 300,000 `67426 CITY HALL ELEVATOR i13 REPAIRS - 150,000 - - - - 150,000 68026 777 BLDG.ROOF REPLACEMENT - 400,000 - - - 400,000 Fund Total:I , ' 20,000,0001 I. 851,311I I .400,000� I I i I I 1 ' 21,251,3111 165 NON-TIF RDA FUND 20197 - CITY CENTER RESILIENCY ENHANCEMENTS 1,000,000 - • - - - - 1,000,000 20200. TRANSPORTATION CAPITAL INITIATIVE 8,000,000 - _ - - 8,000,000 28310 CONV.CTRJLINCOLN RD CONNECTOR - 7,800,467 - -- - - 7,800,467 Fund Totalq . 9,000,0001 I f..7,800,4671 I {.. _ I I _ 1 I _ . _ - I I 1 I.. " 16,800,4871 309 RDA SERIES 2015A 23023 CC COOLING TOWER OVERHAUL . 300,000 - - - - - 300,000 23123 CC RENOVATION PUNCH LIST ITEMS 501,000 500,000 - - 1,001,000 28170 CC SPECIAL EVENT TENT ENHANCEMENT 8,947,000 - - - - 8,947,000 28180 CC CARL FISHER HOUSE RESTORATION 3,997,580 - - - - . 3,997,580 29310 CONV.CTRJLINCOLN RD CONNECTOR 10,000,000 - - 10,000,000 29320 17TH ST NORTH IMPROVEMENTS 2,000,000 - - - - - 2,000,000 63129 CC ROOF REPLACEMENT - 6,627,016 - - - - - 6,627,016 Fund Total:1 '25,745,5801 I 7,127,0161 I _ 1 I " - i I - 1 I 1 I 32,872,5961' 365 CITY CENTER RDA CAP FUND 23270 " CITY CENTER COMMERCIAL DISTRICT BPB 13,539,610 (543,304) . , - - - - 12,996,306 27070 BEACH WALK LIGHTING RETRO 665,625 - - - - - 665,625 27600 SEAWALL-BOTANICAL GARDEN 1,208,862 (442,180) - - - - '766,482 27780 MIAMI CITY BALLET WINDOWS 126,799 - - - - - 126,799 28180 CC CARL FISHER HOUSE RESTORATION 265,320 - - - - - 285,320 29300 LINCOLN RD LENOX-COLLINS W/SIDE ST. 20,000,000 - - - - 20,000,000 29500 COLLINS CANAL ENHANCEMENT PROJECT - 2,999,999- 985,485 - - - 3,985,484 29530 COLLINS PARK ANCILLARY IMPROVEMENTS 5,581,342 - - - - - - - 5,581,342 29880 LINCOLN RD MALL ADA PEDESTRIAN PATH 87,500 - - - - 87,500 . Fund Tota1:I . , 44,474,8571 I_ 11 I _ 1 I 1 I 1 I it . 44;474,858 . Page 1 of 3 . • b l I AM.�(r�`.I BEACH CITY OF MIAMI BEACH FY 2025-2029 CAPITAL IMPROVEMENT PLAN BY FUNDING SUMMARY ATTACHMENT A PROJECT PROJECT NAME . Previous Years FY2025 FY2026 FY2027 FY2028 FY2029 Total 463 RDA-GARAGE FUND 20022 16TH ST GARAGE JOINT REPLACEMENT 200,000 - - - - - 200,000 20200 TRANSPORTATION CAPITAL INITIATIVE 7,000,000 - - - - - 7,000,000 21124 16TH ST GARAGE-EXTERIOR RENEWAL 400,000 - - - - - 400,000 26100 CITYWIDE GARAGE SECURITY CAMERA SYS 250,000 - - - - - 250,000 60023 16TH ST GARAGE-PLUMBING SYSTEM UPDT 195,000 - - - - - 185,000 60180 -ANCHOR GRGE ELEVATOR REPLACEMENT 357,995 - - - - - 357,985 60324 16TH ST GARAGE GENERATOR - 250,000 - - - - 250,000 61718 16TH ST GARAGE FIRE SPRINKLER 1,444,000 - - - - - 1,444,000 62525 16TH ST GARAGE HM DOORS REPLACEMENT - 78,300 - - - - 79,300 64224 16TH ST GARAGE AC CONDENSING UNIT 87,840 - - - - 87,840 64324 16TH ST GARAGE ROOF AIR UNT RENEWAL 96,768. - - - - - 86,768 65328 16TH ST GARAGE EXIT SIGNS REPLCMNT - - - 87,840 - - 87,840 . 66818 ANCHOR GRGE FIRE ALARM REPLACEMENT 221,000 - - - - - 221,000 67822 16TH ST GARAGE EXT PAINT&WATRPRF 430,000 - - - - - 430,000 68323 16TH ST GARAGE FAN REPLACEMENT 52,000 - - - - - 52,000 68325 16TH ST GARAGE REPLACEMENT OF VENT 80,000 - - - - - 80,000 68328 16TH ST GARAGE ELEVATOR RETROFIT - 100,000 - - - - 100,000 68423 16TH ST GARAGE REPLC ELEV FLR/LIGHT 37,000 - - - - - 37,000 68425 16TH ST GARAGE LOBBY(2)LOCATIONS 100,000 - - - - - 100,000 68428 16TH ST GARAGE LED RETROFIT - 350,000 - - - - 350,000 68528 16TH ST GARAGE SAND INTERCEPTOR - 100,000 - - - - 100,000 ) 68823 16TH ST GARAGE BUILDING JOINT REPL 36,000 - - I - - - 38,000 Fund TotaL:' 10,987,6031 I 879,300i I -. .1 87,840; I 1 i 1 1 11,954,743; ' 465 RDA-ANCHOR SHOPS FUND L ° 20200 TRANSPORTATION CAPITAL INITIATIVE • 6,000,000 - - - - - 6,000,000 ' Fund Total: 6,000,000, 1 . 1I 11 I ' 1 1 . 7 I .6,000,000 467 PENN GARAGE FUND 1 26100 CITYWIDE GARAGE SECURITY CAMERA SYS 233,000 - - - - - 233,000 60025 PENN GARAGE-ROOFTOP-STAIRS ELEVATOR - - - 40,000 - - 40,000 60424 PENN GARAGE-GENERATOR RENEWAL - 300,000 - - - - 300,000 60524 PENN GARAGE-PLUMBING SYSTEM UPDATE - - 75,000 - - - -75,000 Page 2 of 3 I Y l I IyH I�'�A A I B E AC CITY OF MIAMI BEACH FY 2025-2029 CAPITAL IMPROVEMENT PLAN BY FUNDING SUMMARY ATTACHMENT A PROJECT PROJECT NAME- Previous Years FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 Total 60823 FENN GARAGE-FIRE SPRINKLER RENEWAL 300,000 - - - - -. 300,000 68628 PENNSYLVANIA GARAGE LED RETROFIT - 250,000 - - - - 250,000 Fund Total:1 533,000 550,000' i 75,000 1 40,00D j ' 1 1,198,0001 Grand Total: 116,741,0401 17;203,0101 475,0001 127,8401 -I -1 134,551,075 • Page 3 of 3 Redevelopment Agency Items (RDA) 1 MIAMI B EACH RDA MEMORANDUM TO: Honorable Chair and Members of the Board of Directors FROM: Eric Carpenter, Executive Director DATE: September 25, 2024 TITLE: A RESOLUTION OF THE CHAIRPERSON AND MEMBERS OF THE BOARD OF THE MIAMI BEACH REDEVELOPMENT AGENCY, ADOPTING AND APPROPRIATING THE MIAMI BEACH REDEVELOPMENT AGENCY CAPITAL BUDGET FOR FISCAL YEAR 2025 AND ADOPTING THE CAPITAL IMPROVEMENT PLAN FOR FISCAL YEARS 2025 -2029. RECOMMENDATION The Administration recommends that the Chairperson and members of the Miami Beach Redevelopment Agency adopt the attached resolution which adopts the final Capital Budget for the Miami Beach Redevelopment Agency (RDA) for Fiscal Year (FY) 2025 and the Capital Improvement Plan for Fiscal Years 2025 -2029. BACKGROUND/HISTORY 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. The Capital Improvement Plan (CIP) serves as the primary planning tool for systematically identifying, prioritizing, and assigning funds to critical capital development, improvements, and associated needs. The RDA CIP process begins in the winter 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 then reviewed by the City Manager/RDA Executive Director, and upon approval, is submitted to the Finance and Economic Resiliency Committee (FERC) for review and, subsequently, to the City Commission and RDA Board for final approval and adoption. The CIP is a financing and construction/acquisition 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 Redevelopment Area. The CIP specifies and describes the RDA's capital project plan and establishes priorities for the upcoming five-year period. The Administration is presenting the final FY 2025 RDA Capital Budget and CIP for FY 2025 - 2029 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 Chairperson and Board Members of the Miami Beach Redevelopment Agency. Page 314 of 420 ANALYSIS The FY 2025 - 2029 CIP for the RDA is a five-year plan for public improvements and capital • expenditures. 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 FERC Budget Briefings held on June 21, 2024 and July 12,2024.The City Manager/RDA Executive Director,Assistant City Managers,the Office of Capital Improvement Projects Director, other department directors and City staff were available to discuss specific projects and respond to the Committee's questions. • During the FERC Budget Briefings, 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 2025 RDA Capital Budget, based on direction given by the FERC, is presented below (sorted by funding source). - FUNDING RECOMMENDATIONS Attachment A, provided for your review, includes an overview of available funding by source, as well as funding requests for new and existing projects. The capital improvement plan detailed in Attachment A includes the City's known capital needs for the next five years. • RDA City Center Renewal & Replacement Fund (Fund 164) • 777 Building Roof Replacement- $400,000 • City Hall Glass Elevators Modernization -$300,000 • City Hall Elevator#3 Repairs - $150,000 • • City Hall Restroom Renovations (split-funded) - $1,311 Non-TIF RDA Fund (Fund 165) • ' • Convention Center/Lincoln Rd Connector- $7,800,467 2015A RDA Bond Fund (Fund 309) • Miami Beach Convention.Center Roof Replacement (formerly Convention Center Roof Replacement [Over Exhibit Hall H]) (split-funded) - $6,627,016 • Convention Center Renovation Punch List Items- $500,000 City Center RDA Capital Fund (Fund 365) • Collins.Canal Enhancement Project- $985,485—funding transferred from the following projects: • City Center Commercial District BPB—($543,304) • Seawall-Botanical Garden — ($442,180) RDA (Anchor) Garage Fund (Fund 463) • 16th Street Garage LED Retrofit-$350,000 • 16th Street Garage Generator- $250,000 • • 16th Street Parking Garage Elevator Retrofit Upgrades - $100,000 • Page 315 of 420 • 16th Street Parking Garage Sand Interceptor Improvements - $100,000 • 16th Street Garage Hollow Metal (HM) Doors Replacement - $79,300 Penn Garage Fund (Fund 467) • Pennsylvania Garage-Generator Renewal - $300,000 • Pennsylvania Garage LED Retrofit - $250,000 FISCAL IMPACT STATEMENT See details above Does this Ordinance require a Business Impact Estimate? (FOR ORDINANCES ONLY) If applicable, the Business Impact Estimate (BIE) was published on . See BIE at: https://www.miamibeachfl.gov/city-hall/city-clerk/meeting-notices/ FINANCIAL INFORMATION See details above CONCLUSION The Administration recommends that the Chairperson and members of the Miami Beach Redevelopment Agency adopt the final Capital Budget for the RDA for FY 2025 and adopt the Capital Improvement Plan for FY 2025 - 2029. Attachment A— FY 2025 - 2029 RDA Capital Improvement Plan EC/JDG/TOS Applicable Area Citywide Is this a "Residents Right to Know" item, Is this item related to a G.O. Bond pursuant to City Code Section 2-17? Project? Yes No Was this 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 the name of lobbyist(s) and principal(s): Department Management and Budget Page 316 of 420 Sponsor(s) Co-sponsor(s) Condensed Title Adopt Final City Center RDA Capital Budget for FY 2025. ED Page 317 of 420 IAtv\ IBEACCITY OF MEN BEACH t\A FY 2025-2029 CAPITAL IMPROVEMENT PLAN BY FUNDING SUMMARY ATTACHMENT A PROJECT PROJECT NAME Previous Years FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 Total 164 RDA CITY CENTER RENEWAL&REPL 29300 LINCOLN RD LENOX-COLLINS W/SIDE ST. 20,000,000 - - - - - 20,000,000 61726 CITY HALL WOODEN DOOR REPLACEMENTS - - 300,000 - - - 300,000 64420 CITY HALL RESTROOM RENOVATIONS - 1,311 - - - - 1,311 66928 CITY HALL WINDOW TREATMENT - - 100,000 - - - 100,000 67326 CITY HALL GLASS ELEVATORS MODRNZTN - 300,000 - - - - 300,000 67426 CITY HALL ELEVATOR#3 REPAIRS - 150,000 - - - - 150,000 68026 777 BLDG.ROOF REPLACEMENT - 400,000 - - - - 400,000 Fund Total: 20,000,000 851,311 400,000 • - • 21,251,311 165 NON-TIF RDA FUND 20197 CITY CENTER RESILIENCY ENHANCEMENTS 1,000,000 - - - - 1,000,000 20200 TRANSPORTATION CAPITAL INITIATIVE 8,000,000 - - - - - 8,000,000 29310 CONV.CTR./LINCOLN RD CONNECTOR - 7.800,467 - - - - 7,800,467 Fund Total: 9,000,000 7,800,467 - • - 16,800,467 309 RDA SERIES 2015A 23023 CC COOLING TOWER OVERHAUL 300,000 - - - - - 300,000 23123 CC RENOVATION PUNCH LIST ITEMS 501,000 500,000 - - - - 1,001,000 28170 CC SPECIAL EVENT TENT ENHANCEMENT 8,947,000 - - - - - 8,947,000 28180 CC CARL FISHER HOUSE RESTORATION 3,997,580 - - - - - 3,997,580 29310 CONV.CTR./LINCOLN RD CONNECTOR 10,000,000 - - - - - 10,000,000 29320 17TH ST NORTH IMPROVEMENTS 2,000,000 - - - - - 2,000,000 63129 CC ROOF REPLACEMENT - 6,627,016 - - - - 6,627,016 Fund Total: 25,745,580 7,127,016 - - - - 32,872,596 365 CITY CENTER RDA CAP FUND 23270 CITY CENTER COMMERCIAL DISTRICT BPB 13,539,610 (543,304) - - - - 12,996,306 27070 BEACHWALK LIGHTING RETRO 665,625 - - - - - 665,625 27600 SEAWALL-BOTANICAL GARDEN 1,208,662 (442,180) - - - - 766,482 27780 MIAMI CITY BALLET WINDOWS 126,799 - - - - - 126,799 28180 CC CARL FISHER HOUSE RESTORATION 265,320 - - - - - 265,320 29300 LINCOLN RD LENOX-COLLINS W/SIDE ST. 20,000,000 - - - - - 20,000,000 29500 COLLINS CANAL ENHANCEMENT PROJECT 2,999,999 985,485 - - - - 3,985,484 29530 COLLINS PARK ANCILLARY IMPROVEMENTS 5,581,342 - - - - - 5,581,342 29880 LINCOLN RD MALL ADA PEDESTRIAN PATH 87,500 - - - - - 87,500 Fund Total: 44,474,857 1 - - - - 44,474,858 Page 1 of 3 Page 318 of 420 MENtvIAt'A IBEACH '\ FY 2025-2029 CAPITAL IMPROVEMENT PLAN BY FUNDING SUMMARY ATTACHMENT A PROJECT PROJECT NAME Previous Years FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 Total 463 RDA-GARAGE FUND 20022 16TH ST GARAGE JOINT REPLACEMENT 200,000 - - - - - 200,000 20200 TRANSPORTATION CAPITAL INITIATIVE 7,000,000 - - - - - 7,000,000 21124 16TH ST GARAGE-EXTERIOR RENEWAL 400,000 - - - - - 400,000 26100 CITYWIDE GARAGE SECURITY CAMERA SYS 250,000 - - - - - 250,000 60023 16TH ST GARAGE-PLUMBING SYSTEM UPDT 195,000 - - - - - 195,000 60190 ANCHOR GRGE ELEVATOR REPLACEMENT 357,995 - - - - - 357,995 60324 16TH ST GARAGE GENERATOR - 250,000 - - - - 250,000 61718 16TH ST GARAGE FIRE SPRINKLER 1,444,000 - - - - - 1,444,000 62525 16TH ST GARAGE HM DOORS REPLACEMENT - 79,300 - - - - 79,300 64224 16TH ST GARAGE AC CONDENSING UNIT 87,840 - - - - - 87,840 64324 16TH ST GARAGE ROOF AIR UNT RENEWAL 96,768 - - - - - 96,768 65328 16TH ST GARAGE EXIT SIGNS REPLCMNT - - - 87,840 - - 87,840 66918 ANCHOR GRGE FIRE ALARM REPLACEMENT 221,000 - - - - - 221,000 67922 16TH ST GARAGE EXT PAINT&WATRPRF 430,000 - - - - - 430,000 68323 16TH ST GARAGE FAN REPLACEMENT 52,000 - - - - - 52,000 68325 16TH ST GARAGE REPLACEMENT OF VENT 80,000 - - - - - 80,000 68328 16TH ST GARAGE ELEVATOR RETROFIT - 100,000 - - - - 100,000 68423 16TH ST GARAGE REPLC ELEV FLR/LIGHT 37,000 - - - - - 37,000 68425 16TH ST GARAGE LOBBY(2)LOCATIONS 100,000 - - - - - 100,000 68428 16TH ST GARAGE LED RETROFIT - 350,000 - - - - 350,000 68528 16TH ST GARAGE SAND INTERCEPTOR - 100,000 - - - - 100,000 68623 16TH ST GARAGE BUILDING JOINT REPL 36,000 - - - - - 36,000 Fund Total: 10,987,603 879,300 - 87,840 - - 11,954,743 465 RDA-ANCHOR SHOPS FUND 20200 TRANSPORTATION CAPITAL INITIATIVE 6,000,000 - - - - - 6,000,000 Fund Total: 6,000,000 - - - - - 6,000,000 467 PENN GARAGE FUND 26100 CITYWIDE GARAGE SECURITY CAMERA SYS 233,000 - - - - - 233,000 60025 PENN GARAGE-ROOFTOP-STAIRS ELEVATOR - - - 40,000 - - 40,000 60424 PENN GARAGE-GENERATOR RENEWAL - 300,000 - - - - 300,000 60524 PENN GARAGE-PLUMBING SYSTEM UPDATE - - 75,000 - - - 75,000 Page 2 of 3 Page 319 of 420 tv\ IAMIBEACH CITYOFIMIABEACH FY 2025 -2029 CAPITAL IMPROVEMENT PLAN BY FUNDING SUMMARY ATTACHMENT A PROJECT PROJECT NAME Previous Years FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 Total 60823 PENN GARAGE-FIRE SPRINKLER RENEWAL 300,000 - - - - - 300,000 68628 PENNSYLVANIA GARAGE LED RETROFIT - 250,000 - - - - 250,000 Fund Total: 533,000 550,000 75,000 40,000 - - 1,198,000 Grand Total: 116,741,0401 17,208,0951 475,0001 127,8401 , , 134,551,975 Page 3 of 3 Page 320 of 420