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Resolution 2025-33658 RESOLUTION NO. 2025-33658 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE FINANCE AND ECONOMIC RESILIENCY COMMITTEE, AT ITS MAY 7, 2025 MEETING, DIRECTING THE ADMINISTRATION TO INCLUDE, AS PART OF THE FY26 BUDGET PROCESS, A RENOVATION OF THE PARK AT SUNSET ISLAND 2 AS A NEW CAPITAL PROJECT. WHEREAS, during the April 23, 2025 Commission meeting, Commissioner Joseph Magazine referred a discussion to discuss the FY 2026 budget prioritization of an in demand park renovation for the Sunset Islands to the Finance and Economic Resiliency Committee ("FERC"); and WHEREAS, on May 7, 2025 at the Finance and Economic Resiliency Committee meeting, the Committee moved the item to the full City Commission with a favorable recommendation for the Parks and Recreation directing administration to fund a new capital project park on Sunset Island 2 and to be continue as part of the FY26 budget process; and WHEREAS, the Parks and Recreation Department recommends that while the City Commission evaluates a renovation for Sunset Island II Park, it also carefully considers several critical factors that will significantly impact the General Fund budget, beginning in FY 2026; and WHEREAS, these considerations are essential to ensure that decisions regarding a renovation for Sunset Island II Park align with the City's broader long-term financial stability and strategic priorities; and WHEREAS, on May 7,2025 FERC meeting, the budget has not yet been evaluated and confirmed the property has drawn interest from residents who have approached the City with the idea of creating a park in its place located on Sunset Drive between West 25' and West 27th street. 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 accept the recommendation of the Finance and Economic Resiliency Committee, at its May 7, 2025 meeting, directing the Administration to include, as part of the FY26 budget process, a renovation of the park at Sunset Island 2 as a new capital project. a PASSED AND ADOPTED this ' day of m4 2025. // Steven Meiner, Mayor ATTEST: 1 /, 1�I MAY 2 7 2025 APPROVED AS TO _ �p `t-BF% FORM & LANGUAGE `r`'-1/ Rafael E. Granado, City Clerk & FO ECUTION = vet VIICOAP•DUI 9110JZojj tV. q tIMC RAH.78 Sponsored by Commissioner Joseph Magazine City A orney ', a Date Resolutions -C7 L MIAMI BEACH COMMISSION MEMORANDUM TO: Honorable Mayor and Members of the City Commission FROM: Eric Carpenter, City Manager DATE: May 21, 2025 TITLE: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE FINANCE AND ECONOMIC RESILIENCY COMMITTEE, AT ITS MAY 7, 2025, MEETING, AND DIRECTING ADMINISTRATION TO FUND A NEW CAPITAL PROJECT PARK ON SUNSET ISLAND 2 AND TO BE CONSIDERED AS PART OF THE FY 2026 BUDGET PROCESS. RECOMMENDATION The Administration recommends the funding for the renovation for Sunset Island II Park be considered as part of the Fiscal Year (FY) 2026 budget process. While considering the funding for the park it is important to also consider the following critical factors that will significantly impact the General Fund budget, beginning in FY 2026: 1. The City's increasing unfunded capital improvement program. 2. Long-term General Fund financial projections indicating a potential shortfall in upcoming fiscal years. 3. The passage of Amendment 5 in November 2024, which increases the homestead exemption and further constrains the growth of taxable property values. These considerations are essential to ensure that decisions regarding a renovation for Sunset Island II Park align with the City's broader long-term financial stability and strategic priorities. During the May 7, 2025 FERC meeting the Committee adopted a favorable recommendation to fund a new capital Project Park on Sunset Island 2 and to have it be considered as part of the FY26 budget process BACKGROUND/HISTORY During the May 7, 2025, FERC meeting, the item was discussed, and a favorable recommendation was made directing the Administration to fund a new capital Project Park on Sunset Island 2 and to be considered as part of the FY26 budget process. This property, an undeveloped green space located on Sunset Drive between West 25th and West 27th Streets, has drawn interest from residents who have approached the City with the idea of creating a park in its place. A scope and estimated budget were presented by the residents at the May 7, 2025 FERC Meeting, that budget has not yet been evaluated and confirmed. 754 of 2719 ANALYSIS FISCAL IMPACT STATEMENT N/A 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.goy/City-halllaity-clerk/meetinq-notices/ FINANCIAL INFORMATION To be determined CONCLUSION Applicable Area South Beach 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): N/A Department Parks and Recreation Sponsor(s) Commissioner Joseph Magazine Co-sponsor(s) Condensed Title Accept Rec/Fund New Capital Project Park on Sunset Island 2. (Magazine) PKS 755 of 2719 Previous Action (For City Clerk Use Only) 756 of 2719 C4 R REFERRAL TO THE MAY 7, 2025. FINANCE AND ECONOMIC RESILIENCY COMMITTEE - FY 2026 BUDGET PRIORITIZATION OF RENOVATION FOR SUNSET ISLANDS PARK AND INCLUDE RESIDENTS OPTIONS AND FEEDBACK Applicable Area: 757 of 2719 Committee Referrals - C4 R MIAMIBEACH COMMISSION MEMORANDUM TO: Honorable Mayor and Members of the City Commission FROM: Commissioner Joseph Magazine DATE: April 23, 2025 TITLE: REFERRAL TO THE MAY 7, 2025, FINANCE AND ECONOMIC RESILIENCY COMMITTEE - FY 2026 BUDGET PRIORITIZATION OF RENOVATION FOR SUNSET ISLANDS PARK AND INCLUDE RESIDENTS OPTIONS AND FEEDBACK. RECOMMENDATION Please place on the May 7th, 2025, meeting, a referral to the Finance and Economic Resiliency Committee ("FERC") to discuss the FY 2026 budget prioritization of an indemand park renovation for the Sunset Islands. BACKGROUND/HISTORY Currently the Sunset Islands community does not have sidewalks nor a park where residents can recreate. This creates unsafe situations for children and adults alike. Therefore we should discuss prioritizing renovating their park in the 2026 budget process at the next possible Finance and Economic Resiliency Committee (FERC) meeting. ANALYSIS FISCAL IMPACT STATEMENT TBD Does this Ordinance require a Business Impact Estimate? (FOR ORDINANCES ONLY) If applicable, the Business Impact Estimate (BIE) was published on: See BIE at: httpsalwww.miamibeachfl.govlcity-hall/city-clerklmeetinq-notices/ FINANCIAL INFORMATION CONCLUSION Applicable Area 758 of 2719 South Beach 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? No 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): n/a Department Office of Commissioner Joseph Magazine Sponsor(s) Commissioner Joseph Magazine Co-sponsor(s) Condensed Title Ref: FERC (5/7/2025) - FY 2026 Budget Prioritization of renovations for park at Sunset Islands. (JM) Previous Action (For City Clerk Use Only). 759 of 2719 NB 35. DISCUSS FY 2026 BUDGET PRIORITIZATION OF RENOVATION FOR SUNSET ISLANDS PARK AND INCLUDE RESIDENTS' OPTIONS AND FEEDBACK. Applicable Area: 760 of 2719 NEW BUSINESS 35 MIAMI BEACH COMMITTEE MEMORANDUM TO: Finance and Economic Resiliency Committee Members FROM: Eric Carpenter, City Manager DATE: May 7, 2025 TITLE: DISCUSS FY 2026 BUDGET PRIORITIZATION OF RENOVATION FOR SUNSET ISLANDS PARK AND INCLUDE RESIDENTS' OPTIONS AND FEEDBACK. RECOMMENDATION The Administration recommends that while the Finance and Economic Resiliency Committee evaluates a renovation for Sunset Island II Park, it also carefully considers several critical factors that will significantly impact the General Fund budget, beginning in FY 2026: 1. The City's increasing unfunded capital improvement program. 2. Long-term General Fund financial projections indicating a potential shortfall in upcoming fiscal years. 3. The passage of Amendment 5 in November 2024, which increases the homestead exemption and further constrains the growth of taxable property values. These considerations are essential to ensure that decisions regarding a renovation for Sunset Island II Park align with the City's broader long-term financial stability and strategic priorities. If the Committee recommends funding a renovation for Sunset Island II Park, the Administration recommends it be considered as part of the FY 2026 budget process. BACKGROUND/HISTORY The City owns a piece of property on Sunset Island II, located on Sunset Drive between West 25th and West 27th Street. The space is currently undeveloped green space. Residents have approached the City about a renovation project to create a park in this space. At the time of this memo the scope has not been defined as input from residents is still being received. ANALYSIS FISCAL IMPACT STATEMENT The estimated cost of this project will be determined once the project scope is defined. Does this Ordinance require a Business Impact Estimate? (FOR ORDINANCES ONLY) The Business Impact Estimate (BIE) was published on . See BIE at: https://www.miamibeachfl.gov/city-halllcity-clerklmeetinq-notices/ 761 of 2719 FINANCIAL INFORMATION Fiscal impact to be determined. CONCLUSION N/A 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 Parks and Recreation Sponsor(si Commissioner Joseph Magazine Co-sponsor(s) Condensed Title FY 2026 Budget Prioritization of renovations for park at Sunset Islands. 762 of 2719