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Tab 05 INTERLOCAI+ COOPERATION AGREEI�IT THIS INTERLOCAL COOPERATION AGREEMENT ("Agreement") , made this /J day of , 1993, by and between Metropolitan Dade County, a political subdivision of the State of Florida (hereinafter referred to as the "County") , and the City of Miami Beach, a municipal corporation under the laws of the State of Florida (hereinafter referred to as the "City") . WITNESSETH WHEREAS, by Resolution No. l,3 9-93 adopted March 30, 1993 (the "Resolution") the County has, among other things, approved a community redevelopment plan (the "Plan") , and has delegated certain powers conferred on the Board of County Commissioners of Dade County ("Board") by Part III of Chapter 163, Florida Statutes, to implement the Plan to the City Commission of the City of Miami Beach ("City Commission") , all for the project area commonly called the City Center/Historic Convention Village Redevelopment and Revitalization Area (hereinafter referred to as the "Project") ; and WHEREAS, the Board has approved the first reading of a trust fund ordinance which provides for calculation and appropriation of tax increment funds; and WHEREAS, the Project will take place within the corporate limits of the City; and WHEREAS, the City played the major role in the preparation of the Plan; and APPENDIX 0 WHEREAS, the County and the City desire to delineate their areas of responsibility with respect to the redevelopment of the Project. NOW, THEREFORE, the County, through the Board, and the City, through the City Commission, agree as follows: I. Exercise of Delegated Powers and Implementation of Plan. A. The City Commission, either directly or through its duly designated redevelopment agency, shall have the sole right and responsibility to exercise every power conferred upon the Board pursuant to Part III of Chapter 163, Florida Statutes, as amended, except those retained in the Resolution, which have been delegated to the City Commission by the Board at its meeting on March 30, 1993; provided, however, that said powers may be exercised only with respect to the Project and only with respect to the Plan as adopted by the City Commission and approved and adopted by the Board, together with any supplements or amendments to the Plan provided that any supplements or amendments to the Plan must also be approved by the Board, which approval will not be unreasonably withheld or delayed. B. No more than 20% of the funds contemplated to be expended under the Plan shall be used for,total administrative expenses allowable under Section 163.387 (6) (a) , Florida Statutes, including indirect and overhead expenses which may not exceed 6% of such funds contemplated to be spent under the Plan. II. City/County Coordination. A. The County Manager shall designate a Project Coordinator (the "Project Coordinator") . The Project Coordinator 2 shall serve as the County's liaison to the City for the Project. The County's Project Coordinator shall carry out the day-to-day County responsibilities for the Project and shall be the designated person to receive all data and reports pertaining to the Plan. B. The City shall be responsible for implementing and conforming to the adopted Plan, including developing and implementing proposals for indebtedness and bond financing, acquisition, disposition and relocation activities, eminent domain activities, coordination and implementation of the design and construction of public improvements necessary to support the redevelopment of the Project, and such other projects and activities as are contemplated by the Plan. The City shall deliver copies of all accepted proposals for the Project to the County's Project Coordinator. Annual budget and Project progress reports will be submitted to the County each year. The annual budget shall be subject to review and approval by the County, provided however, that any such approval will not be unreasonably withheld or delayed. At the request of the County, the City shall submit additional progress reports on the Plan and Project activities. C. Once adopted, the amendments and supplements shall become a part of the Plan and the powers previously delegated to the City Commission shall be exercisable with respect to the amendments and supplements. All powers delegated by the Board to the City Commission shall be delegable by the City Commission to, and shall be exercisable by, the Miami Beach Redevelopment Agency 3 ("MBRA") to the extent delegated to the MBRA by the City Commission and further to the extent permitted by Part III of Chapter 163, Florida Statutes, as amended. III. City Responsibilities A. Land Disposition 1. The City shall prepare, or cause to be prepared, land disposition guidelines and procedures for voluntary purchases in accordance with the Plan. The City shall be responsible for all land acquisition and disposition including eminent domain. The City shall advise the Project Coordinator whenever the City requires the use of eminent domain to acquire any land; however, no prior approval of the County shall be required to proceed with eminent domain or other methods of land acquisition or disposition. 2. The City shall prepare Project marketing materials and shall be responsible for advertising for developers to submit proposals. The City shall perform the function of evaluating proposals and recommending and selecting a developer according to the established Plan for the Project. 3. The City shall approve the selection of one or more developers whose proposal complies with requirements of the adopted Plan as well as with any request for proposals approved by the City. Any disposition of land for the Project shall be 4 .. � .� accomplished in accordance with applicable provisions of state law and established City guidelines. 4 . The City shall convey or lease the land to a developer for fair value as required by applicable law in accordance with the Plan. The City shall deposit the proceeds from the aforementioned sale or lease in an appropriate redevelopment account to be utilized in accordance with the Project budget and applicable law. The City may convey or lease land to qualified non-profit organizations pursuant to City procedures. Guidelines for selection of qualified non-profit organizations must be established by the City and comply with the Plan and applicable law. B. Other Project Activities 1. The City shall be responsible for the administration and funding of all relocation activities. The City may contract with County agencies to assist in residential relocation. 2. The City shall design and construct public improvements necessary to support the redevelopment of the Project. Such activities shall comply with applicable federal, state and County laws and regulations relating to affirmative action. 5 3 . All redevelopment activities conducted with respect to the Project shall be in conformance with the Plan as the same may be amended. Any amendments to the adopted Plan as required by Section 163.361, Florida Statutes, must have prior approval of the Board before the City may implement the changes contemplated by the amendments. Once approved, however, the City may implement the amendments thereto. 4 . The City shall use its best efforts to enter into a development agreement with a developer as to a convention center hotel project within one of the project areas specified in the Plan for a convention hotel. By December 31, 1996, the City shall report to the County as to its progress with respect to the execution of such a development agreement. If no such development agreement is signed by December 31, 1996, then the City shall have one year (i.e. by December 31, 1997) within which to enter into a development agreement with a developer or submit a Plan amendment to the County eliminating or reconfiguring the Convention Center Redevelopment areas and changing the convention center hotel element of the Plan, which amendment shall be subject to approval of the County. 6 ,� S C. Project Financing 1. The City shall establish and maintain the Redevelopment Trust Fund (the "Fund") as required by applicable law. Both the City and the County shall deposit annually into the Fund an amount calculated pursuant to Section 163. 387, Florida Statutes, and other provisions of applicable law. 2. The City shall develop and promulgate rules, regulations and criteria whereby the Fund may be promptly and effectively administered, including the establishment and the maintenance of books and records and adoption of procedures whereby the City may, expeditiously and without undue delay, utilize such funds in accordance with the approved budget for the Project. 3 . The City shall prepare and submit for County approval at the beginning of each County fiscal year the Project budget in a format approved by the County. 4. The City shall select financial and legal consultants as necessary to assist in the preparation of the tax increment financing plans. S. The City may sell bonds and execute notes and other forms of indebtedness, as well as collateral documents, to finance the Project; however, County approval as to amount, duration and purpose of such bonds, notes or other indebtedness, including 7 advances pledging or obligating tax increment revenues, must be obtained prior to issuance of any such bond, note or other form of indebtedness including advances pledging or obligating tax increment revenues. The County's obligation to annually appropriate to the Fund shall continue until all loans, advances and indebtedness, if any, and interest thereon, of a Community Redevelopment Agency incurred as a result of redevelopment in the Redevelopment Area, have been paid, or for as long as required by applicable law, whichever is later. In no year shall the County's obligation to the Fund exceed the amount of that year's tax increment as determined pursuant to Part III of Chapter 163, Florida Statutes. In any year in which the County approriates tax increment revenues to the Fund pursuant to Section 163 . 387 (3) , Florida Statutes, the City shall promptly disburse the applicable portion of said increment revenues out of the Fund back to the County if and to the extent that such increment revenues are not: pledged, obligated or otherwise to be used for repayment of any bond, note or other form of indebtedness or obligation including advances pledging or obligating tax increment revenues; or pledged, obligated or otherwise to be used for payment or repayment of 8 any expenditure or obligation contemplated by any budget for the Redevelopment Area or any amendment to the Plan. D. Citizen Participation To carry out the citizen participation process, the City may utilize community groups and seek community involvement and consider citizen input in the development of Project activities. E. Project Management, Administration and Coordination The City shall consider any reasonable request of the County with respect to implementing any plan of action with respect to the Plan. The City shall develop implementation schedules and timetables for all significant Project activities as determined by the City, copies of which shall be delivered to the Project Coordinator. The City shall monitor the implementation schedules and timetables and shall submit annual progress reports to the Project Coordinator beginning one year from the implementation of this Agreement. The City shall also deliver additional interim reports to the County upon request. IV. City Assurances Regarding Affirmative Action. As part of this Agreement the City shall follow applicable federal, state and County laws and regulations concerning affirmative action and race conscious concerns in the hiring of all consultants. V. Board Approval. Any approval required by this Board as to the annual budget, amendments to the Plan or amount, duration and purpose of bonds, 9 notes or other indebtedness for the Redevelopment Area shall not be unreasonably withheld or delayed, shall not adversely affect any matters previously approved either in a previous annual budget or pursuant to any previously approved bond, note or other form of indebtedness pledging or obligating tax increment revenues and shall be deemed approved if not disapproved within 90 days of written submission by the City. VI. Amendments. This Agreement may be amended only by a written agreement signed by the City and the County. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed in their names by their duly authorized officers and the corporate seals to be affixed hereto, all as of the day and year first above written. WITNESS our hands and seals on this /� day of N '"`'e`�-- 1993 . CITY OF MIAMI BEACH, a municipal METROPOLITAN DADE COUNTY, a corporation of the State of Florida political subdivision of the State of Florida By: By;LVki46= Roger . Carlton, City Manager oaqu G. Av no, .E. P. . n S. , County Man er ATTEST: GOM4fl A� v A F Ji By: j" By: City Clerk ep Clerk Approved as to form and Approved as to form 'atr ;� •' legal sufficiency. legal sufficiency. •••• - ��: C ty Attorne Uounty Atto ney 10 if First Amendment to Interlocal Agreement This Amendment made and entered into this?t�)-day qL 2003 by and between Metropolitan Miami-Dade County(County)and the City of Miami Beach(City) WITNESSETH: WHEREAS, the parties on November 16, 1993 entered into an Interlocal Cooperation Agreement,a true copy whereof being attached hereto and made a part of this instrument; and WHEREAS, said Interlocal Cooperation Agreement addressed and embodied that Redevelopment Plan approved by the County on March 30, 1993 by Resolution No. 317-93 (the Plan);and WHEREAS,the City has proposed and the County has approved amendments to the Plan by the adoption of City Resolutions No.2002-24899 and 2003-25241 and County Resolution No.R- 889-03,attached hereto and made a part hereof which addressed additional powers not specifically delegated in Resolution No. 317-93; and WHEREAS, the parties wish to confirm the delegation of powers from the County to the City (and in turn, to the Miami Beach Community Redevelopment Agency) to implement the amendments to the Redevelopment Plan as provided in Resolution No.2002-24899 and Resolution No. 2003-25241. NOW,THEREFORE,THE COUNTY AND THE CITY agree as follows: I. The recitations set forth above are true and correct and adopted as part of this Amendment. U. The Interlocal Cooperation Agreement of November 16, 1993 attached and made a part hereof is hereby amended in the following respects: A.Section I.A. is amended to read as follows: I. Exercise of Delegated Powers and Implementation of Plan. A. The City Commission,either directly or through its duly designated redevelopment agency,shall have the sole right and responsibility to exercise every power conferred upon the Board of County Commissioners pursuant to part III of Chapter 163, Florida Statutes, as amended,which have been delegated to the City Commission by the Board at its meetings on March 30, l 993 and September 9,2003, and are specifically enumerated in County Resolutions numbered R317-93 and R- 889-03, respectively,provided,however,that said powers may be exercised only with respect to the Project and only with respect to the Plan as amended and adopted by the City Commission and approved and adopted by the Board,together with any supplements or amendments to the Plan provided that any supplements or amendments to the Plan must also be approved by the Board,which approval will not be unreasonably withheld or delayed. Any power not specifically delegated by the Board to the City Commission shall be reserved exclusively to the Board. IIL In all other respects,the Interlocal Cooperation Agreement is ratified and confirmed. IN WITNESS WHEREOF,the parties hereto have caused this Agreement to be executed in their names by their duly authorized officers and the corporate seals to be affixed herto,all as of the day and year first above written. WITNESS our hands and seals on thi �day qbf 2003. CITY OF MIAMI BEACH,a muncipal METROPOLITAN MIAMI-DARE COUNTY, corporation of the State of Florida a political subdivision of the State of Florida By: By: Jr!g—eM. donzaiez,City anag Geo ge�13g Manager J� 0,A` s O QouNrv. a ATTEST: =v a•' 5r By: By: City Clerk Deputy Clerk APPROVED AS TO FORM 8t LANGUAGE APPROVED AS TO FORM AND LEGAL AND FOR EXECUTION SUFFICIENCY _tv 6 , gd fit., ity Attorney Date ounty Attorne MATWWMAGRUMENT IERIM AMD ' �• mended MEMORANOIJN• Agenda Item No. 2(t ) TO: Honorable Mayor and Members DATE: March 30, 1993 Board of County Commissioners Miami Beach City SUBJECT Center/Historic • �� Convention Village • Redevelopment and FROM: aq G. Avino, P.E. , P.L.S. Revitalization Area: oun y Manager Redevelopment Plan and Interlocal Agreement R#317-93 Recommendation It is recommended that the Board approve: The attached City Center/Historic Convention Village Redevelopment and Revitalization Area Plan. The delegation of redevelopment powers under Chapter 163, Florida Statutes except those specifically identified in the resolution. The attached Interlocal Cooperation Agreement between Dade County and the City of Miami Beach which establishes terms and conditions, including the County and City responsibi- lities for - the implementation of the City Center/Historic Convention Village Redevelopment and Revitalization Area Plan. Backcround In 1969, the Florida Legislature enacted the Community Redevelopment Act of 1969 as is presently contained in Part III of Chapter 163, Florida Statues, as amended (The "Act") . The Act authorizes counties and municipalities in the State of Florida to create community redevelopment agencies, to prepare redevelopment plans for certain defined areas within their boundaries, designated as community redevelopment areas and to delegate redevelopment powers at the discretion of the County, after a finding has been made determining that slum or blight exists within a defined area. On January 26, 1993, the Board by Resolution No. R-14-92, found the City Center/Historic Convention Village Redevelopment and Revitalization Area to be a slum or blighted area and delegated certain redevelopment powers consistent with the Act to City of Miami Beach so that the City could proceed with the creation of a Community Redevelopment Agency and the preparation of a Redevelopment Plan for said area. } 1 Honorable Mayor and Members Board of County Commissioners Page 2 The City has prepared a Redevelopment Plan which was adopted by the City Commission on February 12, 1993 (Resolution No. 93-20721) . County staff has reviewed this plan and found it to be consistent with the Act and the County's Comprehensive Master Plan and, therefore, recommends its approval by the Board. In order to implement the Redevelopment Plan., the City Commission has requested that all redevelopment powers under the Act be delegated to it by the Board. Said delegation is to be granted by this Board and formalized through an interlocal agreement between the County and the City. County staff has reviewed this request and recommends that every redevelopment power under the Act, except those pertaining to approval of annual budgets and the amount, duration and purpose of any bonds, notes, etc. for the Redevelopment Area pledging or otherwise obligating tax increment funds, and amendments to the redevelopment plan, be delegated to the City of Miami Beach. ' Ame ed Age 'a Item No. 2 ( t ) 3-30-43 RESOLUTION NO. 317-93 RESOLUTION REGARDING CERTAIN GEOGRAPHIC AREA WITHIN CITY OF MIAMI BEACH CALLED CITY CENTER/HISTORIC CONVENTION VILLAGE REDEVELOPMENT AND REVITALIZATION AREA, DESCRIBED GENERALLY AS BEING BOUNDED ON EAST BY ATLANTIC OCEAN, ON NORTH BY 24TH STREET, ON WEST BY WEST AVENUE, AND ON SOUTH BY 14TH LANE; ACCEPTING DELIVERY OF REDEVELOPMENT PLAN FROM CITY OF MIAMI BEACH AND MAKING CERTAIN FINDINGS WITH RESPECT TO SAID REDEVELOPMENT PLAN AND SAID GEOGRAPHIC AREA; ADOPTING SAID REDEVELOPMENT PLAN; DELEGATING CERTAIN POWERS TO CITY COMMISSION OF THE CITY OF MIAMI BEACH PURSUANT TO CHAPTER 163, PART III, FLORIDA STATUTES, FOR REDEVELOPMENT OF SAID GEOGRAPHIC AREA; APPROVING INTERLOCAL COOPERATION AGREEMENT AND AUTHORIZING EXECUTION OF SAID AGREEMENT WHEREAS, the Legislature of Florida enacted the Community Redevelopment Act of 1969 during its 1969 Legislative Session, which enactment is presently codified in the Florida Statutes as Part III of Chapter 163, Sections 163.330 through 163.450; and WHEREAS, all powers arising through the aforesaid enactment are conferred by that enactment upon counties with home rule charters, which counties in turn are authorized to delegate such powers to municipalities within their boundaries; and WHEREAS, such authorization for counties to delegate such powers to municipalities is contained in Section 163.410, Florida Statutes, which states: 163.410 Exercise of powers in counties with home rule charters.--In any county which has adopted a home rule charter, the powers conferred by this part shall be exercised exclusively by the governing body of such county. However, the governing body of any 3 Ame^ded Agc .a Item No. 2(t ) Page �No. 2 such county which has adopted a home rule charter may, in its discretion, by resolution delegate the exercise of the powers conferred upon the county by this part within the boundaries of a municipality to the governing body of such a municipality. Such a delegation to a municipality shall confer only such powers upon a municipality as shall be specifically enumerated in the delegating resolution. Any power not specifically delegated shall be reserved exclusively to the governing body of the county. This section does not affect any community redevelopment agency created by a municipality prior to the adoption of a county home rule charter. and WHEREAS, the City Commission ( "City Commission" ) of the City of Miami Beach ( "City") adopted Resolution No. 92-20646 ( "City Resolution No. 92-20646" ) which, among other things, concludes that there exists a defined geographic area within the corporate limits of the City of Miami Beach which contains a large number of commercial buildings which are deteriorated or deteriorating as well as a large number of substandard housing units which contribute to ill health and pose other potential dangers to the residents, such area being generally described as being bounded on the East by the Atlantic Ocean, on the North by 24th Street, on the West by West Avenue, and on the South by 14th Lane, all as more particularly described in Appendix "A" to this Resolution (which Appendix "A" is incorporated herein by reference and which described geographic area is hereinafter sometimes referred to as the "City Center/Historic Convention village Redevelopment and Revitalization Area" (the "Redevelopment Area" ) ; and Am, ?ed Age- a Item No. 2( t ) Page No. 3 WHEREAS, the Board of County Commissioners of Dade County, Florida (the "Board" ) adopted Resolution No. R-14-93 on January 26 , 1993 ( "County Resolution No. R-14-93" ) which, among other things, declared the Redevelopment Area to be a blighted area, determined that it is necessary to redevelop said Redevelopment Area and establish a community development agency to redevelop such area, and delegated to the City Commission authority to exercise certain redevelopment powers conferred upon Dade County, Florida (the "County" ) within the Redevelopment Area in accordance with Part III, Chapter 163, Florida Statutes, so as to enable the City Commission to, among other things, exercise such delegated powers, make a finding of necessity with respect to the Redevelopment Area, establish and designate a community redevelopment agency, delegate certain powers to the redevelopment agency, and develop and approve a redevelopment plan for final approval by the County Commission; and WHEREAS, the City Commission adopted Resolution No. 93-20709 on February 3, 1993 ( "City Resolution No. 93-20709" ) which, among other things, accepted the County's findings and delegations in County Resolution No. R-14-93, declared the Redevelopment Area to be a "blighted area", made a finding of necessity as to the rehabilitation, conservation or redevelopment, or combination thereof, of such Redevelopment Area, declared the need to establish a community redevelopment agency, and declared the members of the City Commission as the members of the community redevelopment agency, declared that the existing Miami Beach Amy :ed Ag, is Item No. 2(t ) Page No. 4 Redevelopment Agency ( "Agency" ) may act as the community redevelopment agency with full power to exercise all the powers permitted by Part III of Chapter 163, Florida Statutes, which were delegated by Dade County to the City Commission, and directed the initiation, preparation and adoption of a redevelopment plan and any amendments thereto by the Agency, all for the redevelopment of said Redevelopment Area; and WHEREAS, the Agency adopted Resolution No. 126-93 on February 3, 1993 ( "Agency Resolution 126-93" ) which accepted the findings and delegations in City Resolution No. 93-20709 and caused there to be prepared a redevelopment plan (the "Redevelopment Plan" ) which was submitted to the Planning Board of the City of Miami Beach as the local planning agency of the City of Miami Beach for review and recommendations as to conformity with the comprehensive plan; and WHEREAS, the Planning Board of the City of Miami Beach ( "Planning Board") as the local planning agency of the City of Miami Beach, reviewed said Redevelopment Plan and held a public hearing with respect thereto, and the Planning Board adopted Resolution No. 93-1 on February 5, 1993 which found the Redevelopment Plan in conformity with the comprehensive plan of the City of Miami Beach; and WHEREAS, the agency adopted Resolution No. 128-93 on February 12, 1993 which, after making certain findings at a public hearing with respect thereto, approved the Redevelopment ' Ame ed Agen Item No. 2( t ) Page No. 5 Plan and recommended the Redevelopment Plan for approval by the City Commission of the City of Miami Beach; and WHMVM, the City Commission adopted Resolution No. 93-20721 on February 12, 1993 ("City Resolution No. 93-20721") which, after making certain findings at a duly advertised public hearing with respect thereto, approved and adopted the Redevelopment Plan, a true copy of which is attached hereto as AQpendix "B" and an original certified copy of which is on file with the =Clerk of the Board of County Commissioners of Dade County, Florida recommended final approval of the Redevelopment Plan by the Board, recommended a further delegation by the Board to the City Commission of the right to exercise all redevelopment powers authorized under Part III of Chapter 163, Florida Statutes, in order for the City Commission to fully implement the adopted Redevelopment Plan, as well as any duly adopted amendment to the Redevelopment Plan as those amendments are from time to time adopted, recommended and directed its staff to negotiate and execute an appropriate interlocal cooperation agreement (the "Interlocal Agreement") between the City of Miami Beach and Dade County, Florida in connection with the implementation of the Redevelopment Plan, and directed its staff to take all further actions necessary and do all things required to accomplish implementation of the Redevelopment Plan and any amendments thereto including the adoption of an ordinance establishing a tax increment redevelopment trust fund, all with respect to the Redevelopment Area and all in accordance with Part III, Chapter Ame. ,ed Age. i Item No. 2 (t) Page No. 6 163, Florida Statutes, so as to enable the City Commission to exercise such powers, implement the adopted Redevelopment Plan for redevelopment and undertake projects which will involve the acquisition and redevelopment of properties in accordance with such Redevelopment Plan; and WHEREAS, the Board has at this meeting conducted a public hearing with respect to the findings, conclusions and other matters set forth hereinabove and hereinbelow; and MSS, the County is sympathetic to the needs of the City to reverse the economic decline of said Redevelopment Area and concurs with the findings of the City Commission in City Resolution No. 93-20721; and WHEREAS, the Board desires to enter into and execute an Interlocal Agreement between the City and the County which shall govern certain activities of the City Commission with respect to the exercise of the delegated authority with respect to said Redevelopment Area, all in accordance with Part III, Chapter 163, Florida Statutes; and WHEREAS, this Board has taken all steps, approved all matters and made all findings necessary and appropriate to approve the Redevelopment Plan and to make the delegations, findings, resolutions and agreements referenced hereinabove and hereinbelow; and r ' Ame jad ' Aget Item No. 2 ( t ) Page No. 7 WSEREM, this Board desires to accomplish the purposes outlined in the memorandum from the County Manager, a copy of which is attached to this resolution and incorporated herein, for the reasons delineated therein; NOW, 1'SEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY CONXISSIONERS OF DADS COUNTY, FLORIDA, that Section 1. The foregoing recitations are deemed true and correct and are hereby incorporated as a part of this resolution. Section 2. This Board hereby accepts the delivery of the Plan delivered to it by the City Commission. This Board hereby finds and determines that: (a) The redevelopment of the Redevelopment Area is necessary in the interest of the public health, safety, morals, and welfare of the residents of the City of Miami Beach and in the interests of implementing Part III of Chapter 163, Florida Statutes, by revitalizing the area economically and socially, thereby inhibiting the spread of disease and crime, and inter Al" improving the tax base, promoting sound growth, and providing improved housing conditions. (b) A feasible method exists for the location of families who will be displaced from the Redevelopment Area in decent, safe, and sanitary dwelling accommodations within their means and without undue hardship to such families. i Amen, ed Agen Item No. 2(t) Page No. 8 (c) The Plan conforms to the comprehensive plan of the City of Miami Beach and the County as a whole. (d) The Plan gives due consideration to the provision of adequate park and recreational areas and facilities that may be desirable for neighborhood improvement, with special consideration for the health, safety, and welfare of children residing in the general vicinity of the site covered by the Plan. (e) The Plan will afford maximum opportunity, consistent with the sound needs of Dade County and the City of Miami Beach as a whole, for the rehabilitation or redevelopment of the Redevelopment Area by private enterprise. (f) To the extent that the Redevelopment Area consists of an area of open land to be acquired by the City of Miami Beach or the Redevelopment Agency so as to be developed for residential uses, such areas may be acquired because it is hereby determined that: (i) a shortage of housing of sound standards and design which is decent, safe, affordable to residents of low or moderate income, including the elderly, and sanitary exists in the City of Miami Beach, (ii) the need for housing accommodations has increased in the Redevelopment Area, (iii) the conditions of blight in the Redevelopment Area or the shortage of decent, safe, affordable, and sanitary housing cause or contribute to an increase in and spread of disease and crime and constitute a menace to the public health, safety, morals or welfare, and Ame"'?d Age. i Item No. 2(t) Page No. 9 (iv) the acquisition of the area for residential uses is an integral part of and is essential to the project set forth in the Plan. (q) With respect to any open areas in the Redevelopment Area which are to be acquired so as to be developed for non-residential uses, such non-residential uses are necessary and appropriate to facilitate the proper growth and development of the community in accordance with sound planning standards and local community objectives, and acquisition may require the exercise of governmental action as provided in Part III of Chapter 163, Florida Statutes, because of: 1. Defective, or unusual conditions of, title or diversity of ownership which prevents the free alienability of such land; 2. Tax delinquency; 3. Outmoded street patterns; 4. Deterioration of site; S. Economic disuse; 6. Unsuitable topography or faulty lot layouts; 7. Lack of correlation of the Redevelopment Area with other areas of the City of Miami Beach by streets and modern traffic requirements; or S. Any combination of such factors or the other conditions set forth in the Plan which retard development of the area. Amera--d Aget. . Item No. 2 (t ) Page No. 10 Section 3. This Board hereby further finds and determines that: (a) the Redevelopment Plan conforms to the comprehensive plan of the City of Miami Beach; (b) the Redevelopment Plan is sufficiently complete to indicate such land acquisition, demolition and removal of structures, redevelopment, improvements, and rehabilitation as may be proposed to be carried out in the Redevelopment Area; zoning and planning changes, if any; land uses; maximum densities; and building requirements; (c) the Redevelopment Plan conforms with Part IIi of Chapter 163, Florida Statutes; and (d) the Redevelopment Plan is necessary in the interest of the public health, safety, morals, and welfare of the residents of the City of Miami Beach and will effectuate the purposes of the aforesaid statute, by revitalizing the Redevelopment Area economically and socially, thereby increasing the tax base, promoting sound growth, improving housing conditions, and eliminating the conditions which the Florida Legislature in such statute found constituted a menace which was injurious to the public health, safety, welfare, and morals of the residents. Section 4. This Board, after having conducted a public hearing on the matter for the purpose of giving all interested persons an opportunity to express their views, notice of which public hearing was published on March 15, 1993 in The Miami Herald, a true copy of which notice is attached hereto as "Appendix C" and made a part hereof, and having made the findings expressed above, hereby approves and adopts the Redevelopment k , Arte<<sed Aget Item No. 2( t) Page No. 11 Plan for the Redevelopment Area in accordance with Part III of Chapter 163, Florida Statutes, as amended. The Plan is hereby designated as the official redevelopment plan for the aforesaid Redevelopment Area and it is the purpose and intent of the City Commission that said Redevelopment Plan, as same may be supplemented and amended by the City Commission and approved by this Board, be implemented in the Redevelopment Area. Section 5. Except for the specific powers retained by this Board as set forth in Section 6 below, this Board hereby delegates, pursuant to Section 163.410, Florida Statutes, to the City Commission as the governing body of the City, every power originating in Part III, Chapter 163, Florida Statutes, as amended, and conferred thereby upon the Board of County Commissioners of Dade County as the governing body of Dade County, Florida, a Home Rule County, including, without limitation, the following: (a) The power to implement the Redevelopment Plan, as same may be amended from time to time; (b) The power from time to time to adopt any amendments to the Plan, which amendments shall be subject to the final approval by this Board; (c) The power to further delegate the powers delegated hereto to a community redevelopment agency, including, without limitation, to itself as the community redevelopment agency with the power to exercise such powers which may be assigned to the agency; Am, 'Ad Agei i Item No. 2 (t) Page No. 12 (d) The power to authorize the issuance of revenue bonds as set forth in Section 163.385; (f) The power to approve the acquisition, demolition, removal or disposal of property as provided in Section 163.370(3) (a) and the power to assume the responsibility to bear loss as provided in Section 163.370(3) (b) ; (g) The powers enunciated in Section 163.370(1) and in Section 163.375, Section 163.380, Section 163.385 and in Section 163.387, Florida Statutes, as amended, and any other powers which are exercisable by the Board and delegable to the City pursuant to Part III of Chapter 163, Florida Statutes, as amended; and (h) The power to hold any public hearings with respect to the implementation of the Plan and the exercise of tee powers herein conferred. Said delegation is made solely with respect to the Redevelopment Area which is the geographic area described in A2nendix "A" attached hereto, known as the "City Center/Historic Convention Village Redevelopment and Revitalization Area," which is bounded on the East by the Atlantic Ocean, on the North by 24th Street, on the West by West Avenue, and on the South by 14th Lane. Section 6. This Board retains the power to: approve the annual budget for the Redevelopment Area; approve the amount, duration and purpose of any bonds, notes, advances or other indebtedness for the Redevelopment Area pledging or otherwise � f 1 � Am led ` Age 3 Item No. 2(t) Page No. 13 obligating tax increment funds; and approve any amendments to the Redevelopment Plan. Any approval required by this Board as to the annual budget, amendments to the Plan or the amount, duration and purpose of bonds, notes or other indebtedness for the Redevelopment Area shall: not be unreasonably withheld or delayed; be deemed approved if not disapproved within 90 days of written submission by the City; and not adversely affect any matters previously approved either in a previous annual budget or pursuant to any previously approved bond, note or other form of indebtedness pledging or obligating tax increment revenues. The delegation in Section 5 herein shall be subject to the provisions of the Interlocal Agreement attached hereto as AgRgadix "D" and the exercise of said powers shall conform to the terms of the Interlocal Agreement. Section 7. This Board hereby approves the Interlocal Agreement as attached hereto and made a part hereof and authorizes the County Manager to execute and deliver the Interlocal Agreement as attached hereto and to take all further actions necessary or appropriate to accomplish implementation of the Redevelopment Plan and to perform under the Interlocal Agreement. Section 8. If any section, subsection, sentence, clause or provision of this resolution is held invalid, the remainder of this resolution shall not be affected by such invalidity. Amt. -4ed Ager . Item No. 2(t) Page No. 14 Section 9. This resolution shall take effect immediately upon its passage. The foregoing resolution was offered by Commissioner Mary Collins , who moved its adoption. The motion was seconded by Commissioner Charles Dusseau and upon being put to a vote, the vote was as follows: Mary Collins aye Charles Dusseau aye Joseph M. Gersten absent Larry Hawkins aye Alexander Penelas aye Arthur E. Teele, Jr. aye Sherman S. Winn absent Stephen P. Clark aye The Mayor thereupon declared the resolution duly passed and adopted this 30th day of March, 1993. DADE COUNTY, FLORIDA BY ITS HOARD OF COUNTY COMMISSIONERS HARVEY RUVIN, CLERK *00 o LLIAM G. OLIVER 7,, a4P Deputy Clerk Approved by County Attorne ` s to form and legal sufficien b �j. 1 LEGAL DESCRIMON PROPOSED MY CEN It/919MRIC CONVF.NUON VILLAGE REDEVELOPMENT AND REVITkUZATION AREA AU that land areas within the corporate limits of the {pity of Miami Beach,Florida,which is 'bounded by the line proQeeding northerly from a POINT OF BEGINNIINc where the eastern extension of the south right-of--way line of 14th Lane meets the Erosion Control Line along the western shore of the Atlantic Occs^said line following the Erosion Control Line to a point where it intersects the eastern extension of the north rigbt-of--way line of 24th Street; then proceeding in a westerly direction along this extension and the north right-of. way line of 249b Street to a point where it Intersects the nosh bulkhead wall of the Collins Canal; then proceeding in a southwesterly direction along the north bulkhead wall of the Collins Canal to a point where it intersects the eau right-of-way line of Pine Tree Drive; then proceeding due west in a line ttavcr$4 the intersection of Dade Boulevard and Pine Tree Drive to a point where It intersects the north right-of-way line of Dade Boulevard;then proceeding in a southwesterly direction along said rigbt-of-way line of Dade Boulevard to a point intersecting the west right-of-way Iine of Meridian Avenue; then prooeeJing south from said point along the west right-of-way be of Meridian Avenue to a point where it/ Intersects the north right-of-way line of 17th Street; then proceeding In a westerly direcdon along said right-of-way line of 17th Street to a point where it intersects the west right-of wV line of West Avenue; then proceeding in a southerly direction along said rigbt-of way line Of West Avenue to a point where it Intersects the eastem extension of the southern property Una of lot 8 in Block 44;then proceeding In an easterly direction across West Avenue to the south property line of lot 32, Block 45; then proceeding easterly along the south property Baas of lots 12 and 8, Block 45, thereby traversing Alton Court to a point intersecting the west right-of-way line of Alton Road; then proceeding soudmut across, Alton Road to a point where the east right-of-way tine of Alton Road intersects the south rigbtW-way line of Lneoln Lase South; then proceeding in an easterly direction along the said right-of-way Une of Lincoln Lane South to a point where it intersects the west right-of-way Une of Drexel Avenue; then proceeding in a southerly direction along said right-of way line of Drexel Avetme to a point where it intersects the south right_of-way line of 16tb Street; then proceeding in an easterly direction along said right-of-way, line of 16th Street to a point where it intersects the west right-of-way line of Washington Avenue; then proceeding in a southerly direction along said right-of-way Une of Washington Avenue to a point where it Intersects the western extension of the south right-of-way line of 14th Law;then prow ding In an easterly direction along said right-of-way line of 14tb Lwe to the EQQiLQE BEgMTNa where the eastern extension of the south right-of-way 1lne of 146 Lane latersects the Erosion Control Line along the Atlantic Ocaeaa. APPENDIX A Paqe I of 2 Ilti��■ ■,Iliril rrlrri rE��l - . r . ilr�r rrllrIm 11I11.= SIf ~- 4ft-W rnr f �raIN iu Of I gr i� 4.1aw TAA - t _/ � - ' I 11,1! � /lip.; • �� � ,�� �, � � ,., ���-� 1 IiiI r un� Not i. �! ��r ti �j -��i �It 1 Sri •�A ` -Pon ,�� non - � ;: 1PIN _ _ :y: ter. -- 1 ` � 1 • _ • a/ �.' ./ � .!• : III / . !.� . : .. RCH 15. MONtaAYNC AAA AMI ERA93 56 PUBLIC HEARING METROPOLITAN DADE COUNTY,FLORIDA NOTICE OF PUBLIC HEARING A public fearing will be hold on Tuesday,March 30. 1 M.at 9:00 s.m. by. the Dade County Board of County Commissioners In the Commisslon Chambers located on the second floor of the Melro-Oade Center. I I I N.W.First Street,Miami,Florida.at which time the Board Will consider adoption of a resolution entitled: RESOLUTION REGARDING CERTAIN GEOGRAPHIC AREA WITHIN CITY OF MIAMI BEACH CALLED CITY CENTERMISTORIC CONVENTION VILLAGE REDEVELOPMENT AND REVITALIZATION AREA. DESCRIBED GENERALLY AS BEING BOUNDED ON EAST BY ATLANTIC OCEAN, ON NORTH BY 24TH STREET. ON WEST BY WEST *.,AVENUE. AND ON SOUTH BY 14TH LANE; ACCEPTING DELIVERY OF REDEVELOPMENT PLAN FROM CITY OF MIAMI BEA AND MAKING CERTAIN FINDINGS WITH RESPECT TO SAID REDEVELOPMENT PLAN AND SAID GEOGRAPHIC AREA,— .ADOPTING SAID REDEVELOPMENT PLAN; t DELEGATING CERTAIN POWERS TO THE CITY COMMISSION OF THE CITY OF MIAMI BEACH PURSUANT TO CHAPTER 163, PART-III, FLORIDA-STATUTES.•FOR REDEVELOPMENT OF SAID GEOGRAPHIC AREA; APPROVING INTERLOCAL COOPERATION AGREEMENT AND AUTHORIZING EXECUTION OF SAID AGREEMENT. The' general loops of the community redevelopment plan to be oomidsred 4 04 wows: I. 04"WPmant and Installation of public fradihbs such u the upgnding of.streets, construction of publk pwWng facilities. per.` graphics, fighting, street furniture. park Improvements,and other improvements of public areas. .• btitlalort of a rshabillisdon program for p Wate properde4. w trlarti those which have historical or arcftltecturel Importanos.. ate, MAY ktduds properly surveys. design. num"kq, and a dgwlgpnpnl 'off rehabilitation Nandardad In the Ana shall be'suf:4d to such urban design gtd11e11nes 4s shad be adopted from tams to tine by tie Chy, Commission. 3. Acquisition of specific buitdirga to allow for rehabilitation'.and .soonomW reuse. 4.• Land assembly to promote redevelpmeitt and fscoW devalgpnent of a convention center hotal i.�. V6640 t or rMdgtment of sfrseb. rights of ways aj placement of utilities. Establish maervetion of areas, tltnets,rights'of way and other public purposes. Install nlocsts she Irnprovements,utidties and facilities. -1 a4tfoft.0Q%..r cImIcpm♦M pr Wam.Io assure dw b in d a utdpl Aa wow" i olutiiiii-,may be obtabhsd* m the'•C" �^�� ��� i �UM Z'�•I�Aklr�ptde;Geptar.� 4� Pam++hM+,v Okidb+ +IPlPeM 'drwgrt me*by ern►board;oferwY a oargr*I* RM rapest ro OW puserar.oprtWdared as 8s msedrq a ago 4�N"at.She prow ScaA person��b _6 b yr�Rldi't�f)N Bt3AR0 OP 11 IONER8 ' HARVQY. rs y E BOARDf �Y:WILLIIIM p.OINE Ery CLERK THIS INTERLOCAL COOPERATION AGREEMENT ("Agreement") , made this day of , 1993, by and between Metropolitan Dade County, a political subdivision of the State of Florida (hereinafter referred to as the "County") , and the City of Miami Beach, a municipal corporation under the laws of the State of Florida (hereinafter referred to as the "City") . WHEREAS, by Resolution No. adopted March 30, 1993 (the "Resolution") the County has, among other things, approved a community redevelopment plan (the "Plan") , and has delegated certain powers conferred on the Board of County Commissioners of Dade County ("Hoard") by Part III of Chapter 163, Florida Statutes, to implement the Plan to the City Commission of the City of Miami Beach ("City Commission") , all for the project area commonly called the City Center/Historic Convention Village Redevelopment and Revitalization Area (hereinafter referred to as the "Project") ; and WHEREAS, the Board has approved the first reading of a trust fund ordinance which provides for calculation and appropriation of tax increment funds; and WHEREAS, the Project will take place within the corporate limits of the City; and WHEREAS, the City played the major role in the preparation of the Plan; and APPENDIX D W ERMS, the County and the City desire to delineate their areas of responsibility with respect to the redevelopment of the Project. NOW, TBEREI++ORE, the County, through the Board, and the City, through the City Commission, agree as follows: I. Exercise of Delegated Powers and imp ementation of Plan. A. The City Commission, either directly or through its duly designated redevelopment agency, shall have the sole right and responsibility to exercise every power conferred upon the Board pursuant to Part III of Chapter 163 , Florida Statutes, as amended, except those retained in the Resolution, which have been delegated to the City Commission by the Board at its meeting on March 30, 1993; provided, however, that said powers may be exercised only with respect to the Project and only with respect to the Plan as adopted by the City Commission and approved and adopted by the Board, together with any supplements or amendments to the Plan provided that any supplements or amendments to the Plan must also be approved by the Board, which approval will not be unreasonably withheld or delayed. B. No more than 201 of the funds contemplated to be expended under the Plan shall be used for total administrative expenses allowable under Section 163.387(6) (a) , Florida Statutes, including indirect and overhead expenses which may not exceed 6% of such funds contemplated to be spent under the Plan. II. CltviCounty Coordination. A. The County Manager shall designate a Project Coordinator (the "Project Coordinator") . The Project Coordinator 2 shall serve as the County's liaison to the City for the Project. The County's Project Coordinator shall carry out the day-to-day County responsibilities for the Project and shall be the designated person to receive all data and reports pertaining to the Plan. B. The City shall be responsible for implementing and conforming to the adopted Plan, including developing and implementing proposals for indebtedness and bond financing, acquisition, disposition and relocation activities, eminent domain activities, coordination and implementation of the design and construction of public improvements necessary to support the redevelopment of the Project, and such other projects and activities as are contemplated by the Plan. The City shall deliver copies of all accepted proposals for the Project to the County's Project Coordinator. Annual budget and Project progress reports will be submitted to the County each year. The annual budget shall be subject to review and approval by the County, provided however, that any such approval will not be unreasonably withheld or delayed. At the request of the County, the City shall submit additional progress reports on the Plan and Project activities. C. Once adopted, the amendments and supplements shall become a part of the Plan and the powers previously delegated to the City Commission shall be exercisable with respect to the amendments and supplements. All powers delegated by the Board to the City Commission shall be delegable by the City Commission to, and shall be exercisable by, the Miami Beach Redevelopment Agency 3 ("MBRA") to the extent delegated to the MBRA by the City Commission and further to the extent permitted by Part III of Chapter 163, Florida Statutes, as amended. III. city es sibs A. Land Disposition 1. The City shall prepare, or cause to be prepared, land disposition guidelines and procedures for voluntary purchases in accordance with the Plan. The City shall be responsible for all land acquisition and disposition including eminent domain. The City shall advise the Project Coordinator whenever the City requires the use of eminent domain to acquire any land; however, no prior approval of the County shall be required to proceed with eminent domain or other methods of land acquisition or disposition. 2. The City shall prepare Project marketing materials and shall be responsible for advertising for developers to submit proposals. The City shall perform the function of evaluating proposals and recommending and selecting a developer according to the established Plan for the Project. 3. The City shall approve the selection of one or more developers whose proposal complies with requirements of the adopted Plan as well as with any request for proposals approved by the City. Any disposition of land for the Project shall be 4 v accomplished in accordance with applicable Provisions of state law and established City guidelines. 4. The City shall convey or lease the land to a developer for fair value as required by applicable law in accordance with the Plan. The City shall deposit the proceeds from the aforementioned sale or lease in an appropriate redevelopment account to be utilized in accordance with the Project budget and applicable law. The City may convey or lease land to qualified non-profit organizations pursuant to City procedures. Guidelines for selection of qualified non-profit organizations must be established by the City and comply with the Plan and applicable law. 8. Other Project Activities 1. The City shall be responsible for the administration and funding of all relocation activities. The City may contract with County agencies to assist in residential relocation. 2. The City shall design and construct public improvements necessary to support the redevelopment of the Project. Such activities shall comply with applicable federal, state and County laws and regulations relating to affirmative action. 5 3. All redevelopment activities conducted with respect to the Project shall be in conformance with the Plan as the same may be amended. Any amendments to the adopted Plan as required by Section 163.361, Florida Statutes, must have prior approval of the Board before the City may implement the changes contemplated by the amendments. Once approved, however, the City may implement the amendments thereto. 4. The City shall use its best efforts to enter into a development agreement with a developer as to a convention center hotel project within one of the project areas specified in the Plan for a convention hotel. By December 31, 1996, the City shall report to the County as to its progress with respect to the execution of such a development agreement. If no such development agreement is signed by December 31, 1996, then the City shall have one year (i.e. by December 31, 1997) within which to enter into a development agreement with a developer or submit a Plan amendment to the County eliminating or reconfiguring the Convention Center Redevelopment areas and changing the convention center hotel element of the Plan, which amendment shall be subject to approval of the County. 6 ? S C. Project Financing 1. The City shall establish and maintain the Redevelopment Trust Fund (the "Fund") as required by applicable law. Both the City and the County shall deposit annually into the Fund an amount calculated pursuant to Section 163.387, Florida Statutes, and other provisions of applicable law. x. The City shall develop and promulgate rules, regulations and criteria whereby the Fund may be promptly and effectively administered, including the establishment and the maintenance of books and records and adoption of procedures whereby the City may, expeditiously and without undue delay, utilize such funds in accordance with the approved budget for the Project. 3. The City shall prepare and submit for County approval at the beginning of each County fiscal year the Project budget in a format approved by the County. 4. The City shall select financial and legal consultants as necessary to assist in the preparation of the tax increment financing plans. 5. The City may sell bonds and execute notes and other forms of indebtedness, as well as collateral documents, to finance the Project; however, County approval as to amount, duration and purpose of such bonds, notes or other indebtedness, including 7 advances pledging or obligating tax increment revenues, must be obtained prior to issuance of any such bond, note or other form of indebtedness including advances pledging or obligating tax increment revenues. The County's obligation to annually appropriate to the Fund shall continue until all loans, advances and indebtedness, if any, and interest thereon, of a Community,. Redevelopment Agency incurred as a result of redevelopment in the Redevelopment Area, have been paid, or for as long as required by applicable law, whichever is later. In no year shall the County's obligation to the Fund exceed the amount of that year's tax increment as determined pursuant to Part III of Chapter 163, Florida Statutes. In any year in which the County approriates tax increment revenues to the Fund pursuant to Section 163.387(3) , Florida Statutes, the City shall promptly disburse the applicable portion of said increment revenues out of the Fund back to the County if and to the extent that such increment revenues are not: pledged, obligated or otherwise to be used for repayment of any bond, note or other form of indebtedness or obligation including advances pledging or obligating tax increment revenues; or pledged, obligated or otherwise to be used for payment or repayment of 8 any expenditure or obligation contemplated by any budget for the Redevelopment Area or any amendment to the Plan. D. Citizen Participation To carry out the citizen participation process, the City may utilize community groups and seek community involvement and consider citizen input in the development of Project activities. E. Project Management, Administration and Coordination The City shall consider any reasonable request of the County with respect to implementing any plan of action with respect to the Plan. The City shall develop implementation schedules and timetables for all significant Project activities as determined by the City, copies of which shall be delivered to the Project Coordinator. The City shall monitor the implementation schedules and timetables and shall submit annual progress reports to the Project Coordinator beginning one year from the implementation of this Agreement. The City shall also deliver additional interim reports to the County upon request. IV. City Assurances Regarding Affirmative Action. As part of this Agreement the City shall follow applicable federal, state and County laws and regulations concerning affirmative action and race conscious concerns in the hiring of all consultants. V. Board Approval. Any approval required by this Board as to the annual budget, amendments to the Plan or amount, duration and purpose of bonds, 9 • r notes or other indebtedness for the Redevelopment Area shall not be unreasonably withheld or delayed, shall not adversely affect any matters previously approved either in a previous annual budget or pursuant to any previously approved bond, note or other form of indebtedness pledging or obligating tax increment revenues and shall be deemed approved if not disapproved within 90 days of written submission by the City. VI. Amendments. This Agreement may be amended only by a written agreement signed by the City and the County. IN WrfNESS NEOMEOF, the parties hereto have caused this Agreement to be executed in their names by their duly authorized officers and the corporate seals to be affixed hereto, all as of the day and year first above written. WITNESS our hands and seals on this day of 1993. CITY OF MIAMI BEACH, a municipal METROPOLITAN BADE COUNTY, a corporation of the State of Florida political subdivision of the State of Florida By: k..e By: Roger M. Carlton, City Manager Joaquin G. Avino, P.E. P.L.S. , County Manager ATTEST: By: By: City Clerk Deputy Clerk Approved as to form and Approved as to form and legni sufficiency. legal sufficiency. City Attorney County Attorney 10 F RESOLUTION NO.2002-24899 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE MIAMI BEACH REDEVELOPMENT AGENCY AND APPROVING AND ADOPTING AN AMENDMENT TO THE CITY CENTER HISTORIC CONVENTION VILLAGE REDEVELOPMENT AND REVITALIZATION AREA PLAN, AN APPROVED REDEVELOPMENT PLAN UNDER THE PROVISIONS OF SECTION 163.360,FLORIDA STATUTES;SAID AMENDMENT PROVIDING THAT THE PLAN INCORPORATE BY REFERENCE THE PROPOSED MASTER PLAN FOR THE 17TM STREET SURFACE LOTS, PREPARED BY ZYSCOVICH, INC., ON SEPTEMBER 21, 2001, AND REVISED ON MAY 16, 2002. WHEREAS, on February 12, 1993, the Mayor and City Commission adopted Resolution No. 93-20721, accepting and adopting the City Center Historic Convention Village(City Center)Redevelopment and Revitalization Plan(Redevelopment Plan),in accordance with Section 163.360, Florida Statutes; and WHEREAS, Section 163.361, Florida Statutes,provides that if at any time after the approval of a community redevelopment plan by the governing body, it becomes necessary or desirable to amend or modify such plan,the governing body may amend such plan upon recommendation of the Redevelopment Agency;and WHEREAS; the Miami Beach Redevelopment Agency (RDA), believes it is necessary to amend the Redevelopment Plan.in order to reflect existing conditions and future plans for the City Center Area,as contemplated within the Preliminary Proposed Master Plan for the 17t' Street Surface Lots, prepared by Zyscovich, Inc., dated September 21, 2001, which was adopted, in concept, by the Mayor and City Commission on October 17, 2001; and revised by Zyscovich, Inc. on May 16, 2002 (Zyscovich Plan); and FloridaStatutes provides that community WHEREAS, Section 163.3t'32, , p �Y redevelopment plan shall, among other things, contain a detailed statement of the projected costs of the redevelopment, including the amount to be expended on publicly funded capital projects in the community redevelopment area and any indebtedness of the community redevelopment agency, the county, or the municipality proposed to be incurred for such redevelopment if such indebtedness is to be repaid with Increment revenues; and WHEREAS, the 1993 City Center Redevelopment Plan complies with Section 163.382, Florida Statutes;and WHEREAS, during a public hearing held on May 29, 2002,to discxrss possible amendments to the City Center Redevelopment Plan, a question arose as to the costs associated with conceptual future capital projects within City Center Redevelopment Area; and WHEREAS, a detailed statement of the projected costs of the proposed capital. projects outlined in the Zysoovich Plan"is attached hereto and will be incorporated by reference in the amended City Center Historic Convention Village Redevelopment and Revitalization Area Plan; and WHEREAS,the City Commission requested that the Zyscovich Plan be modified to reflect the Commission's commitment that the Miami Beach Botanical Garden remain In its present location; and WHEREAS, the City Commission further raeafflm ed its commitment to the continued negotiations with the New World Symphony to proceed with its expansion project; and I WHEREAS,In accordance with Chapter 163 Florida Statutes,the Mayor and City Commission,following a duly noticed and held public hearing on June 19,2002, herein accepts the recommendation of the Miami Beach Redevelopment Agency regarding the albrestated proposed amendment to the Redevelopment Plan. NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY COIIMAISSION OF THE CITY OF MIAMI BEACH, that Mayor and City Commission hereby accept the recommendation of the Miami Beach Redevelopment Agency and approve and adopt an amendment to the City Center Historic Convention Village •Attached FAdnuft of Proposod Capital Costs is bowd on pit day valor 2 Redevelopment and Revitalization Area Plan,an approved Redevelopment Plan under the provisions of Section 163.380,Florida Statutes;said amendment to incorporate,by reference, the Preliminary Proposed Master Plan for the 17°i Street Surface Lots, prepared by Zysoovich, Inc.,dated September 21, 2001,and revised on May 16,2002. PASSED and ADOPTED this IGP day of June,200 . MAYOR ATTE Ukm�' CITY CLERK APPIlWWASTO R M ALANAt1AN &FOlIWIMUt10N 14)0 S i Hill � 11 11111111 M ;1 ist t a is LL fill IAl E! Jill 1,16 Street Master Plan Citywide omm ni In at MORS Schedule April 7,2001 The Convention Center Advissory Board -Zyscovich 1'16 Street Master Plan scope overview&input session Miami Beach Convention Center May 4,2001 Lincoln Road Visioning Workshop -Zyscovich 171°Street Master Plan scope overview&input session Miami Beach Community Church May 11,2001 Business and Community-wide meeting#1 -Zywovich 1'16 Street Master Plan scope overview&input session City Hall May 24,2001 Collins Ave Hotel Task Force -Zyscovich 171b Street Master Plan scope overview&input session Delano Hotel Jum 8,2001 Lincoln Road&Washington Ave Task Force -Zywovich 17a'Street Master Plan scope overview&input session Miami Beach Community Church July 30,2001 Miami-Dade T'rmisportation Authority -Determine implementation process for proposed bus route changes City Hall October 17,2001 City Commission Presentation -Adoption of preliminary proposed Master Plan City Hall October 23,2001 Joint Meeting of the Convention Center Advisory and Capital Development Oversight Committees -Plan overview and input session—Vote to endorse Plan Miami Beach Convention Center November 18,2001 Community-wide Meeting#2 -Plan overview and input session Miami Beach Community Chinch November 29,2001 Business Commui ty Meeting -Plan overview and input session Miami Beach Convention Center December 26,2001 Arts,Culture&Bntettainment -Plan overview and input session Miami Beach Convention Center January 7,2002 Pawns and Transportation Committee -Plan overview and input session—Vote to endorse Plan Miami Beach Convention Center May 28,2002 Planning Board presentation -Plan overview and input session-Vote to endorse Plan City Hall Note: This is only a partial he of all the meetings drat occurred in connection with the proposed 17ei Street Master Plan.Numerous other meetings were held with members of the City Commission,the City Administration and private stake holders. �b a �aa 000 O O O •6 ♦ 00�0000• ♦♦�• rx as 'all s CITY OF MIAMI BEACH Im AGENDA REM SUMMARY w� Condensed Title: A Resolution of the Mayor and City Commission accepting the recommendation of the Redevelopment Agency,to amend the City Center Historic Convention Village Redevelopment And Revitalization Area Man; said Amendment fam Lots, that the parr Incorporate� dated September 21,20001 reference the Preliminary an revised on Maysed Kftster for 6 the 1 Ts'Street Surface Lots,prepared by Zye 2002. Issue: ision 1 Streeter Shall the City Center Redevelopment plan be amended to incorporate prov Plan. Item Summe egontmendstion: t Agency Section 163.381, Florida Statutes, provides that the governing body of the Redevelop7he�AdrnfNab may amend the Redevelopment Plan from time to time.up en on recommendation of the Redevelopment Area Plan in tion believes it is opportune to amend the City CenterMlstorlc Convention Village order to reflect existing conditions and future plans for the area,as contemplated in the Preliminary Proposed Mester Plan submitted by Zyscovich.Inc.,on September 21,2001,which was socepted In concept by the City Commission on October 17,2001.and revised on May 18,2002. The Zysoovidl Plan addresses the needs of the Convention Center and the New World Symphony,recommends parting and treneportation enhancements, respects the need for an open space public plaza, identifies possibilities for gateway entrance features, evaluates the need and location of a charging facli ty for the Electric Shuttle, and dements the adjacent urban relationship and historic districts. Subject to its adoption by the City Commission.the Amendment is scheduled to go before Mleml-0ade County's Economic Development and Housing Committee an July 18, 2002, for consideration and recommendation to the Board of County Commissioners,which is expected to vote on the proposed Amendment at the July 23 County Commission meeting. The Administration recommends that the Mayor and City Commission pass and adopt a resolution 0100e1) tig the proposed Amendment to City Center Historic Convention Village Redevelopment and Revitalization Area Plan. Advismy Board Recommendation: NIA ! Financial Intormatlon• Amount to be expended: Source of t'_ _s Y '�:1•Q• � Funds: . T SI nrOffs: TiAOENM%2 UN1902VtE(3ULAR10C3UMi—MUMANAMEN0.COC i i AGENDA ITEM DATE ~i f CITY OF MIAMI BEACH C"HALL 11W CONVENTION CENTER DRIVE MIAMI BEACH,FLORIDA 33139 Igtpllel.nd�nl6eaeh•R-us COMMON MEMORANDUM To: Mayor David Dermer and Dab:June 19,20M Members of fe City CommisMW From: Jorge M.Gonzalez City Manager Subject: A RESOLUTION OF THE MAYOR AND C COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA ACCEPTING THE RECOMMENDATION OF THE MIAMI BEACH REDEVELOPMENT AGENCY AND APPROVING AND ADOPTING AN AMENDMENT TO THE CITY CENTER HISTORIC CONVENTION VILLAGE REDEVELOPMENT AND REVITALIZATION AREA PLAN, AN APPROVED REDEVELOPMENT PLAN UNDER THE PROVISIONS OF SECTION 163.300, FLORIDA STATUTES; SAID AMENDMENT PROVIDING THAT THE PLAN INCORPORATE BY REFERENCE THE PROPOSED MASTER PLAN FOR THE 17'm STREET SURFACE LOTS, PREPARED BY ZYSCOVICH, INC., ON SEPTEMBER 21, 2001,AND REVISED ON MAY 16,2002. 2 I ADMINISTRATION RECOMMENDATION Adopt the Resolution. ANALYSIS I Section 163.361,Florida Statutes,provides that the governing body of the Redevelopment Agency may amend the Redevelopment Plan from time to time,upon recommendation of the Agency. The Administration believes it is opportune to amend the City Center/Historic Convention Village Redevelopment Area Plan in order to reflect existing conditions and future plans for the area as contemplated by the master planning initiative underway by Zyscovlch, Inc. ' Redevelopment Plan Update On April 18,2001,the City Commission authortwd the Administration to eater info contract with Zyscovich, Inc., (Consultant), to develop a concept plan for the 171' Street and Washington Avenue surface parking lots,Incorporating the proposed expansion of the Now World Symphony (NWS). Due to the significance of this site and the impact of future development alternatives contemplated thereon,the Consultant's scope was expanded to evaluate the site in the context of its importance to the surrounding core area of the City and to develop an updated Master Plan for City Center/Historic Convention Village Redevelopment Area in the process. On September 21,2001,Zyscovich,Inc.,delivered a site utilization report and preliminary concept plan,entitled'Prellminary Proposed Master Plan",that addresses the needs of the Convention Center and the New World Symphony,evaluates parking and transportation requirements,respects the need for an open space public plaza,identifies oppo rtunklesfor gateway entrance features,evaluates the need and location of an Intennodai Center,and complements the adjacent urban relationships and historic districts. The Plan was approved in concept by the City Commission at the October 17, 2001 Commission Meeting,and was revised(as to form)on May 16,2002. This preliminary concept plan not only reflects updated conditions in the area since the Inception of the original City Center Redevelopment Plan in 1993, but also continues to function as a working document to finalize outstanding urban planning issues essential to the completion of the Plan. These issues,which are being addressed by Zysoovich as part of its ongoing scope of services, Include*eetscape Improvements for Convention Center Drive;streetscape improvements for I e Street east-west corridor, potential re-zoning of 17"' Street, analysis of the 21'` Street Community Center and establishment of Dade Boulevarddyfor the Electrowave; determining the location and phasing of a garage and charging the development of the preferred lots to address specialized meetinglexhkbkd on space and parking requirements for the Convention Center, the short and long temp plans for the location and development of the Garden Center;site development analyses relative to the New World Symphony expansion plans; concept plan development for Pennsylvania Avenue garage b9ade retell; resolution of Drexel Avenue closing; Lincoln Road streetscape issues;and streetscape design changes related to the bus route changes. It should be noted,that this Master Planning initiative Invohred extensive public outreach and iconsensusithIndividual dozens community leaderg, In the form of s govvemnment officials and and nme�mbers of sessions with in the Administration. A chronological listing of the public meetings is included as an attachment to this memorandum. While the Master Plan received the full endorsement of those organizatlons, boards and committees plan or oppose specific elements ched list. of the plan for certain individuals who either oppose reasons which include but are not limited to the following: ➢ Concern with loss of parking adjacent to Lincoln Road and within dose proximity of the hotels on Collins Avenue. for use by a cultural factlity. ➢ Concern with dedicating prime city property➢ Concern with the City's ability to maintain the proposed park, specifically as it relates to the homeless. Recommendations by some of these same Individuals Include leaving the 171' Street surface lots as is, making Pennsylvania Avenue the Sound Space imary ntra ce to facility ncIntoln ad a 9 Rnd Incorporating the New World Symphony's proposed &.story parking garage. I On May 29,2002,a public hearing was hold to consider adopting certain amendments to the City Center Redevelopment Plan, to include A) incorporating, by b e reference, the Preliminary Proposed Master Plan for the 17t'Street Surface Lots,preps Y Y Inc., dated September 21, 2001; B) developing and implementing community policing innovations within the City Center Historic Convention Village district, as provided for in sections 163.340,163.350,163.356,183.360,163.361,and 183.370,Florida Statutes'�a rid C) participating In the Miami Beach Business Assistance Program for the purpose of business recruitment within the Redevelopment Area, to the extent legally permissible under Chapter 163 Florida Statutes and to the extent that funding is available. During the Hearing,concern was raised that the proposed Master Plan did not contain a detailed statement of projected costs associated with capital projects contemplated in the Plan,as provided for in Section 163.362(9)Florida Statutes. As such,the City Commission requested a re-hearing on Amendment A. upon submittal of these estimates by the Administration. The Commission did adopt Amendments 8)involving Community Policing and C) involving the Business Assistance Program. The adopting Resolution was amended to reflect this action. The new hearing to consider detailed coshes A.was set for which June 19, 2002. The Administration has since prepared has been Incorporated as an Appendix to the Master Plan. ! Redevelopment Plan Amendment Process On May 10,2002,the Administration gave a presentation on the proposed Amendment to the Countys Tax Increment Finance(TIF)Committee,which voted to recommend in favor of the Amendment. Subject to the adoption of the proposed Amendment by the City Comrrdssion, the proposed Amendment will be presented to the County's Economic Development and Housing Committee on July 18, 2002. Provided the proposed Amendment receives a favorable recommendation,the Rem will be heard by the County Commission at its meeting on July 23,2002. As such,the Administration recommends adopting the Proposed Amendments to the Ctiy Center Redevelopment Plan. JMG/Cob Attachments Ti.GMMX2WZUAM1902MEa AMCCA M MENDMEMWWC RESOLUTION NO. 2003-25241 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, PASSING AND ADOPTING AN AMENDMENT TO THE INTERLOCAL COOPERATION AGREEMENT BY AND BETWEEN THE CITY OF MIAMI BEACH AND METROPOLITAN DADE COUNTY, DATED NOVEMBER 10, 1993; SAID AMENDMENT CONFIRMS THE DELEGATION OF POWERS FROM MIAMI-DADE COUNTY TO THE CITY OF MIAMI BEACH, AND IN TURN TO THE MIAMI BEACH COMMUNITY REDEVELOPMENT AGENCY, TO IMPLEMENT AMENDMENTS TO THE CITY CENTER HISTORIC CONVENTION VILLAGE REDEVELOPMENT AND REVITALIZATION AREA PLAN. WHEREAS, on November 16, 1993, Metropolitan Dade County, a political subdivision of the State of Florida (now known as Miami-Dade County,and hereinafter referred to as the"County"),and the City of Miami Beach,a municipal corporation under the State of Florida (hereinafter referred to as the "City"), entered into an Interlocal Cooperation Agreement;and WHEREAS, said Interlocal Cooperation Agreement addressed and embodied that Redevelopment Plan approved by the County on March 10, 1993 by Resolution No. 317-93(the Plan); and WHEREAS, recent changes to Chapter 163.361, Florida Statutes, enable community redevelopment areas, to implement and fund community policing innovations, defined as a policing technique or strategy designed to reduce crime by reducing opportunities for and increasing the perceived risks of engaging in, criminal activity through visible presence of police In the community, including but not limited to, community mobilization,neighborhood block watch,citizen patrol,citizen contact patrol, foot patrol, neighborhood storefront police stations, field interrogation, or intensified motorized patrol; and WHEREAS, the RDA believes it is necessary to amend the City Center Redevelopment Plan to Include a community policing innovation program, which will provide an opportunity for the RDA to provide enhanced levels of police services within the boundaries of the City Center Redevelopment Area; and WHEREAS, on May 10, 2002, the Administration gave a presentation to the County's Tax Increment Finance (TIF) Committee, regarding certain proposed Amendments to the City Center Redevelopment Plan; providing that the Plan: 1) incorporate by reference,the Proposed Master Plan for the 171h Street Surface Lots, prepared by Zyscovich, Inc.,on September 21,2001,and revised as of June 19,2002,to reflect certain input by the Mayor and City Commission;and 2) take advantage of the aforestated provision under Section 163.361, Florida Statutes, to Implement and fund community policing innovations in the City Center area; and WHEREAS, on June 19, 2002, The Mayor and City Commission adopted two Resolutions: Resolution No. 2002-24899, approving the proposed City Center Redevelopment Plan amendments, as recommended by the Miami Beach Redevelopment Agency (RDA); and Resolution No. 2002-24890, adopting an amendment to the Intedocal Cooperation Agreement,between the County and the City, dated November 16. 1993, confirming the delegation of powers from the County to the City, and in turn to the Miami Beach Redevelopment Agency, to implement said Plan amendments to the City Center Redevelopment Plan which would reflect updated conditions in the area;and WHEREAS, on December 11, 2002, Miami-Dade County Commissioner Bruno Barreiro addressed the Miami Beach City Commission in connection with the City's proposed amendments to the City Center Redevelopment Plan and Intertocal Agreement, which were pending approval by the Board of Miami-Dade County Commissioners;and WHEREAS, Commissioner Barreiro expressed concern that the proposed community policing element was going to provide funding for existing levels of police service in the City Center Area, thereby supplementing the City's General Fund expenditures; and WHEREAS, on January 23, 2003, the Board of County Commissioners only adopted a Resolution approving the City Center Redevelopment Plan, amendment Involving the Master Plan for the 170 Street Surface Lots; and WHEREAS, the Administration has continued to meet with the County Administration, and with Commissioner Barreiro, who has now agreed to support the remaining amendment to the City Center Redevelopment Plan regarding the community policing element; provided it is only used to fund new or enhanced policing Initiatives; and WHEREAS,the Miami-Dade County Attorneys Office has requested that the City pursue a second public hearing process to consider adopting community policing Innovations as an amendment to the City Center Redevelopment Plan, thereby complying with Section 163.361, Florida Statutes; and WHEREAS, the Miami-Dade County Attorney's Office has also requested that the City Commission adopt a second resolution approving the amendments to the Intmiocal Cooperation Agreement between the County and the City to confirm the delegation of powers from the County to the City, and in tum to the Miami Beach Redevelopment Agency, to implement amendments to the Redevelopment Plan as provided for In City of Miami Beach Resolution No. 2002-24899, adopted on June 19, 2002 and City of Miami Beach Resolution No. 2003 - 25241 ., adopted on June 11, 2003. 2 NOW,THEREFORE,BE IT DULY RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH: Section 1. That the Interocal Cooperation Agreement by and between the City of Miami Beach and Metropolitan Miami-Dade County,dated November 16. 1993, be amended to confirm the delegation of additional powers from Miami-Dade County to the City of Miami Beach and, in turn, to the Miami Beach Community Redevelopment Agency, as set forth in Appendix I. Section 11. The Mayor and City Clerk are hereby authorized and directed to execute and attest to respectively the First Amendment to Interlocal Agreement (Appendix 1). Section III. This Resolution shall become effective upon adoption. PASSED and ADOPTED this 11th day of June, 2003. G — MAYOR ATTEST: APPROVED ASTO FORIrA&UWGUAQE CITY CLERK 8`L�OREXCUTtON T.%WENDA%=MUM1103REBU Row.&& e _ Dow 3 Legislative Matter Page 1 of 7 Miami-Dade Legislative Item File Number: 032025 Pst0le PDF FQrmg File Number: 032025 File Type: Resolution Status: Adopted Version: 0 Reference: R-889-03 Control: County Commission File Name: MIA BCH CTR HISTORIC CONVENTION VILLAGE COMM Introduced: REDEV AREA PLAN 7/3/2003 Requester: Office of Community and Cost: Final Action: 9/9/2003 Economic Development Agenda Date: 9/9/2003 Agenda Item Number: 4F Notes: JAM Title: RESOLUTION APPROVING AN AMENDMENT TO MIAMI BEACH CITY CENTER/HISTORIC CONVENTION VILLAGE COMMUNITY REDEVELOPMENT AND REVITALIZATION AREA PLAN RELATING TO REDEVELOPMENT OF CITY CENTER/HISTORIC CONVENTION VILLAGE REDEVELOPMENT AREA DESCRIBED GENERALLY AS BOUNDED ON EAST BY ATLANTIC OCEAN, ON NORTH BY 24TH STREET, ON WEST BY WEST AVENUE, AND ON THE SOUTH BY 14TH LANE; DELEGATING TO THE CITY OF MIAMI BEACH THE POWER TO IMPLEMENT COMMUNITY POLICING INNOVATIONS WITHIN THE CITY CENTER/HISTORIC CONVENTION VILLAGE REDEVELOPMENT AREA IN ACCORDANCE WITH THE APPROVED REDEVELOPMENT PLAN, AS MAY BE AMENDED FROM TIME TO TIME; AND APPROVING THE TERMS OF AND AUTHORIZING THE COUNTY MANAGER TO EXECUTE FIRST AMENDMENT TO INTERLOCAL COOPERATION AGREEMENT BETWEEN COUNTY AND CITY OF MIAMI BEACH Indexes: MIAMI BEACH Sponsors: NONE REDEVELOPMENT RESOLUTION APPROVING Sunset Provision: No Effective Date: Expiration Date: Registered Lobbyist: None Listed Legislative History Acting Body Date Agenda Action Sent To Due Date Returned Pass/Fail Item http://www.co.miami-dade.fl.us/govaction/matter.asp?matter=032025&file=tme&yearFold... 11/4/2003 Legislative Matter Page 2 of 7 Board of County 9/9/2003 4F Adopted P Commissioners Economic 7/16/2003 41- Forwarded to BCC P Development and with a favorable Human Services recommendation Committee County Attorney 7/7/2003 Assigned Geri Bonzon- 7/9/2003 Keenan County Manager 7WO03 Assigned Tony Crapp 7/3/2003 County Manager 7/3/2003 Assigned County Attorney 9/9/2003 REPORT: OCED(EDHS COMTE 711612003) County Manager 7/3/2003 Assigned Economic 7/16/2003 Development and Human Services Committee Legislative Text TITLE RESOLUTION APPROVING AN AMENDMENT TO MIAMI BEACH CITY CENTER/HISTORIC CONVENTION VILLAGE COMMUNITY REDEVELOPMENT AND REVITALIZATION AREA PLAN RELATING TO REDEVELOPMENT OF CITY CENTER/HISTORIC CONVENTION VILLAGE REDEVELOPMENT AREA DESCRIBED GENERALLY AS BOUNDED ON EAST BY ATLANTIC OCEAN, ON NORTH BY 24TH STREET,ON WEST BY WEST AVENUE, AND ON THE SOUTH BY 14TH LANE;DELEGATING TO THE CITY OF MIAMI BEACH THE POWER TO IMPLEMENT COMMUNITY POLICING INNOVATIONS WITHIN THE CITY CENTER/HISTORIC CONVENTION VILLAGE REDEVELOPMENT AREA IN ACCORDANCE WITH THE APPROVED REDEVELOPMENT PLAN,AS MAY BE AMENDED FROM TIME TO TIME;AND APPROVING THE TERMS OF AND AUTHORIZING THE COUNTY MANAGER TO EXECUTE FIRST AMENDMENT TO INTERLOCAL COOPERATION AGREEMENT BETWEEN COUNTY AND CITY OF MIAMI BEACH BODY WHEREAS,the Legislature of the State of Florida enacted the Community Redevelopment Act during its 1969 Legislative Session,which enactment is presently codified in the Florida Statutes as Part III of Chapter 163, Sections 163.330 through 163.450(the"Act");and WHEREAS,the Act confers all redevelopment powers upon Counties with home rule charters and authorizes such counties to delegate the exercise of such powers within the boundaries of a municipality to the governing body of such municipality; and http://www.co.miami-dade.fl.us/govaction/matter.asp?maner=032025&file—true&yearFold... 11/4/2003 Legislative Matter Page 3 of 7 WHEREAS,the Board of County Commissioners of Miami-Dade County,Florida(the 'Board") adopted Resolution No. R.44-93 on January 26, 1993,which among other things,declared the geographic area described generally as bounded by on the East by the Atlantic Ocean,on the North by 24th Street,on the West by West Avenue,and on the South by 14th Lane,such geographic area being more particularly described in the attached Exhibit"A" and sometimes referred to as the "City Center/Historic Convention Village Redevelopment and Revitalization Area" (the"Redevelopment Area")to be a blighted area and delegated to the Miami Beach City Commission(the "City Commission")authority to exercise certain redevelopment powers conferred upon the County within the Redevelopment Area in accordance with the Act to enable the City Commission to,among other things,exercise such delegated powers to cant'out the community redevelopment purposes of the Act in the Redevelopment Area;and WHEREAS,the City Commission adopted Resolution No. 93-20709 on February 3, 1993 which, among other things,made a finding of necessity as to the rehabilitation, conservation or redevelopment, or combination thereof,of such Redevelopment Area,declared the need to establish a community redevelopment agency,declared the members of the City Commission as the members of the community redevelopment agency, declared that the existing Miami Beach Community Redevelopment Agency (the"Agency")may act as the community redevelopment agency with full power to exercise all the powers permitted by the Act,which were delegated by the Board to the City Commission,and directed the initiation,preparation and adoption of a redevelopment plan by the Agency,all for the redevelopment of the Redevelopment Area; and WHEREAS,the Agency adopted Resolution No. 128-93 on February 12, 1993 which,after making certain findings at a public hearing with respect thereto,approved the redevelopment plan and recommended the redevelopment plan for approval by the City Commission;and WHEREAS,the City Commission adopted Resolution No. 93-20721 on February 12, 1993 which, after making certain findings at a duly advertised public hearing with respect thereto,approved and adopted a redevelopment plan and recommended final approval of the redevelopment plan by the Board;and WHEREAS,on March 30, 1993,the Board adopted Resolution No. 317-93 which,among other things, adopted the City Center/Historic Convention Village Redevelopment and Revitalization Area Plan(the "Plan")and approved an Interlocal Cooperation Agreement between the County and the City of Miami Beach dated November 23, 1993 (the "Interlocal") in connection with the implementation of the Plan; and WHEREAS,on June 11,2003,the Agency adopted Resolution No.454-2003,which recommended that the Plan be amended to incorporate the development and implementation of community policing initiatives;and WHEREAS,on June 11,2003,the City Commission adopted Resolution No.2003-25237,which approved and adopted an amendment to the Plan;and WHEREAS,on June 11,2003, the City Commission adopted Resolution No.2003-25421,which, among other things, adopted an amendment to the Interlocal;and WHEREAS,in order for the City to fully implement the amendment to the Plan it is necessary for the Board to approve and adopt the amendment to the Plan in accordance with the provisions of the Act; and http://www.co.miami-dade.fl.us/govaction/matter.asp?matter=032025&file-true&yearFold... 11/4/2003 Legislative Matter Page 5 of 7 STAFF RECOMMENDATION It is recommended that the Board of County Commissioners(the Board)approve the attached amendment to the Miami Beach City Center/Historic Convention Village Community Redevelopment and Revitalization Area Plan. By approving the amendment,the Board will delegate to the City of Miami Beach(The "City")the power to implement Community Policing innovations within the City Center/Historic Convention Village redevelopment area.It is further recommended that the Board authorize the County Manager to execute the First Amendment to the Interlocal Cooperation Agreement between Miami-Dade County(the "County")and the City of Miami Beach. MANAGER'S BACKGROUND On March 30, 1993,the Board adopted the Miami Beach City Center/Historic Convention Village Redevelopment and Revitalization Area Plan(the"Plan")through Resolution No. 317-93.On November 23, 1993,the Board approved an Interlocal Cooperation Agreement between the County and the City of Miami Beach(the "Interlocal"),which establishes the terms and conditions for the implementation of the Plan. Section 163.361 Florida Statutes,provides that any time after the approval of a community redevelopment plan by the Governing body,it becomes necessary for desirable to amend or modify such plan,the governing body may amend such plan upon recommendation of the Redevelopment Agency. On June 11,2003,the Miami Beach Community Redevelopment Agency(the "Agency")adopted Resolution No. 454-2003 which recommended the Plan be amended,to incorporate the development and implementation of community policing initiatives. Also on June 11,2003,the City Commission of the City of Miami Beach adopted Resolution No. 2003-25237 which approved and adopted an amendment to the Plan. The City Commission also adopted Resolution No. 2003-25241,on June 11,2003, amending the Interlocal Cooperation Agreement. In order for the City to fully implement the amendment to the Plan, it is necessary for the Board to approve and adopt an amendment to the Plan in accordance with the provisions of the Act.The existing Interlocal must be amended to delegate to the City the power to implement community policing innovations within the Redevelopment Area in accordance with an approved Plan. Chapter 163.361, Florida Statutes,enables Community Redevelopment Areas to implement and fund community policing innovations,defined as a "policing technique or strategy designed to reduce crime by reducing opportunities for and increasing the perceived risks of engaging in criminal activity through visible presence of police in the community,including,but not limited to, community mobilization, neighborhood block watch,citizen patrol,citizen contact patrol,foot patrol,neighborhood storefront police stations, field interrogation,or intensified motorized patrol." The Agency's proposed community policing program calls for implementing and funding new or enhanced policing initiatives which include the assignment of police officers to permanent areas of responsibility or beats. Police officers will work to form partnerships with residents and businesses,to jointly solve crime and disorder problems, and share ownership of the solution strategies. The initiatives would be designed to address specific issues indigenous to the sections/neighborhoods in the Redevelopment Area.Emphasis will be placed on maintaining a highly visible presence and addressing the quality of life issues within the geographic boundaries of the two districts. The staffing plan designed to address the objectives of the community policing initiative has the following characteristics: Create a Community Policing Problem Solving Team,consisting of one sergeant and six officers for the City Center/Historic Convention Village Redevelopment Area. Develop Task Forces to address specific problems utilizing$500,000 in designated overtime. Create Community Policing and,business and resident partnerships through innovative strategies. http://www.co.miami-dade.fl.us/govaction/matter.asp?matter=-032025&file=tme&yearFold... 11/4/2003 Legislative Matter Page 6 of 7 On January 23,2003,this proposed amendment to the Plan,together with another amendment, providing that the plan incorporate by reference the Proposed Master Plan for the 17th Street Surface Lots,prepared by Zyscovich,Inc.,on September 21,2001 and revised as of June 19,2002,to reflect certain input by the Mayor and City Commission,was presented to the Board.The Board only adopted a resolution approving the amendment involving the Master Plan for the 17th Street Surface Lots. In a December 11,2002 address to the Miami Beach City Commission in connection with the City's proposed amendments to the Redevelopment Plan and Interlocal Agreement,which were pending approval by the Board of County Commissioners,Commissioner Barreiro expressed concern that the proposed community policing element was going to provide funding for existing levels of police service in the City Center Area,thereby supplementing the City's General Fund expenditures. Commissioner Barreiro also proposed to add two County Commissioners as voting members to the Miami Beach Redevelopment Agency,to provide oversight in the policy decisions of the Agency.The City Commission declined this proposal. At a meeting of the County's Tax Increment Financing and Coordinating Committee(the Committee") held on June 2,2003,the Agency made a presentation of its proposed amendments to the Redevelopment Plan. While the Committee was supportive of the Agency's proposal,certain members expressed the following concerns and recommendations: Case for Community Policing-the Committee,prior to the meeting, had asked for comparative crime statistics,comparing activity in the redevelopment areas to the rest of the City. Since the Police Department's records management system is in the process of being updated,this information could not be provided. Committee members emphasized the need to establish a system to track and monitor the effectiveness of community policing in the Redevelopment Areas. Overtime-the preliminary proposed community policing budgets for the City Center and South Pointe contain substantive overtime allocations. The Committee asked whether the Agency could contract directly for off-duty police, in order not to incur overtime costs. Concern was raised regarding the City's ability to track and monitor overtime expenditures as being specific to officers assigned with the redevelopment areas. The Committee was informed that, due to the fact that the Agency is staffed by City personnel, it is probable that the Fraternal Order of Police may take issue with a City entity contracting separately for police services. Monitoring expenditures and determining effectiveness of the investment in Community Policing-the Committee wanted to establish a mechanism to monitor the investment in community policing,either in the budget process or in the form of an annual report.The Committee was informed that the community policing budget is included as a line item in the respective budgets for each of the two Redevelopment Areas,which are already subject to the review and approval of the County. On June 13,2003,the Agency again met with the County's TIFC Committee with responses to the issues and concerns raised by the Committee.The Agency's response included some preliminary area specific crime data, stating that their City Attorney would not agree to the CRA contracting off-duty police services directly,and stating that they would put in place adequate budgeting,monitoring and reporting processes for the policing program,before their upcoming FY 2003-04 budget submission. The Committee in a unanimous vote recommended that the proposed amendments be forwarded to the Board for approval. Economic Analysis Impact The City proposes to fund these additional activities in the FY 2003-04 budget of the City Center District a cost of$2,159,544.However,this has no immediate financial impact to the County,as the County's annual payments to the Redevelopment Agency is predetermined,and based on the growth in taxable property value in the redevelopment area. The agency is merely shifting the use of these proceeds from one need to another. http://www.co.miami-dade.fl.us/govaction/matter.asp?matter=032025&file--true&yearFold... 11/4/2003 Legislative Matter Page 7 of 7 HOM I 6OWas I MirMaui I LgWative Search I LokWW RggistraHon I Lnislative Repor% ?,m @CC Mgting CaWWbr I I r Bade County Cody of Ordinan s4 iloIDfl 1 Vi t►9 Slur-%p I About I Phone Directory I Mao I Ciscla <r E-mail your comments.questions and sggeslions to webmaster Web Site m 2003 Waml-Dade County. AN rights reserved. hV://www.co.miami-dade.fl.us/govaction/matter.asp?matter=032025&file--true&yearFold... 11/4/2003 r INTERLOCAL AGREEMENT AMONG CITY OF MIAMI BEACH, MIAMI BEACH REDEVELOPMENT AGENCY, MIAMI-DADE COUNTY, FLORIDA This Interlocal Agreement ("Agreement") is among the City of Miami Beach, Florida (the "City'), the Miami Beach Redevelopment Agency(the "CRA"), and Miami- Dade County, Florida (the "County") for the purpose of establishing the use of a portion of the tax increment revenues collected and paid annually by the Miami-Dade County Tax Collector to the CRA with respect to the tax increment districts within the jurisdiction of the CRA(the"Tax Increment Revenues'), WHEREAS,pursuant to Chapter 163, Part III, Florida Statutes, also known as the Community Redevelopment Act of 1969 (the "Act"), the City Commission accepted a delegation of powers from the Miami-Dade County Board of County Commissioners(the "Board"), found a need for and created the CRA to have jurisdiction over all of its community redevelopment districts, declared members of the City Commission to be the members of the CRA, granted the CRA the power to exercise certain powers permitted by the Act to the extent delegated by the Board to the CRA and directed the initiation, preparation and adoption of community redevelopment plans by the CRA for its two community redevelopment districts known as City Center/Historic Convention Village and South Pointe("CRA Districts");and WHEREAS, the CRA has various series of community redevelopment revenue bonds currently outstanding in the aggregate principal amount of $94,890,000 (the "Bonds") issued under certain bond resolutions (the "Bond Resolutions") to which the CRA has pledged all current and future Tax Increment Revenues the CRA is entitled to receive from the CRA Districts to which the Bonds relate pursuant to the Act from all non-exempt taxing authorities, including Tax Increment Revenues from any additional tax levies created subsequent to the issuance of bonds under the Bond Resolutions; and WHEREAS, the annual budget of the CRA is approved by the City and the County pursuant to the Act in which the Tax Increment Revenues are appropriated for purposes consistent with the Bond Resolutions and the CRA's redevelopment plans for the CRA Districts; WHEREAS, as set forth in F.S. 163.387(7)(a), the City and the County are eligible to share in any Tax Increment Revenues not budgeted for a particular use and remaining at the end of the CRA's fiscal year in the Fund established for the respective CRA Districts; and WHEREAS, during the 2003-2004 budget hearing, the Board requested and approved an administrative charge fee payable by all community redevelopment agencies in the County, establishing a 1.5 percent administrative reimbursement charge to recover costs for County staff time associated with overseeing community redevelopment agency activities and for processing related items; and WHEREAS, the City, the CRA and the County wish to acknowledge and agree, by this Interlocal Agreement, to allocate in the annual budget, a 1.5% administrative fee to be paid to the County to defray the County's costs in connection with its oversight of the CRA and a 1.5% fee to be paid to the City; both to be paid after the debt service and other obligations on the Bonds and any future bonds (or loans) issued by the CRA and approved by the County have been satisfied from Tax Increment Revenues; and NOW THEREFORE,the parties agree as follows: Section 1. The recitals above are incorporated by reference in this Section 1. Section 2. The City, the CRA and the County agree that on the last day of the CRA's fiscal year, the CRA shall remit 1.5% of the Tax Increment Revenues paid to the CRA for that Fiscal Year to the County and 1.5% of the Tax Increment Revenues paid to the CRA for that Fiscal Year to the City, provided, as to both remittances, the debt service and all other obligations relating to the Bonds and any future bonds (or loans) issued by the CRA and approved by the County have been satisfied for that fiscal year. Section 3. The County approves the issuance by the CRA of not to exceed $101,090,000 principal amount of refunding bonds for the purpose of refinancing all or a portion of the outstanding principal amount of the Bonds issued with respect to the City Center/Historic Convention Village Community Redevelopment district), funding any necessary reserves and paying the cost of issuance, provided such refunding bonds mature no later than the maturity date for the Bonds. Section 4. This Agreement shall be effective upon execution by all parties and shall continue for as long as the CRA is in existence. Section 5. This Agreement shall be binding upon and shall inure to the benefit of the City, the County, the CRA and their respective successors. Section 6. Any amendment to or waiver of any provision of this Agreement must be in writing and mutually agreed to by the CRA, the City and the County. Section 7. This Agreement and its provisions shall be governed by and construed in accordance with the laws of the State of Florida. In any action, in equity or law, with respect to the enforcement or interpretation of this Agreement, venue shall be in the County. Section 8. This Agreement contains all the terms and conditions agreed upon by the parties. No other Agreement, oral or otherwise, regarding the subject matter of this Agreement shall be deemed to exist or bind any of the parties. If any part of this Agreement is held by a court of competent jurisdiction to be invalid, illegal or unenforceable, such invalid, illegal or unenforceable part shall be deemed severable and the remaining parts of this Agreement shall continue in full force and effect provided that the rights and obligations of the parties are not materially prejudiced and the intentions of the parties can continue to be effected. Section 9. This Agreement is signed in three (3) counterparts, and each counterpart shall constitute an original of this Agreement. IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their respective and duly authorized officers as of the day and year first above written. ATTEST: TY VF BEACH, FLORIDA Robert Parcher, City Clerk a ' Dermer,Mayor ATTEST: MIAMI E EVELOPMENT AGENCY a/t. LUY' Secretary Chairman ,,,,,,,A.TTEST: MIAMI-DADE COUNTY, FLORIDA 0 p 'Clerk Count Manage * Print Name and Title Ap ved as to form and legal su ncy by: (�J}'Agv. APPROVED AST+O A Miami-Dade C ,Attorney FORM S LANGUAGI �FOA EXEt+CVf10N F kmgflSAWCHRISTIMCRA lmcrla l Agreement Miami Beach AdmFee CityCounty changnl doc i 1 THIRD AMENDMENT TO THE INTERLOCAL COOPERATION AGREEMENT This Third Amendment to the Interlocal Agreement ("Third Amendment"), made this day of -�—►-va.,/- 20S("Effective Date"), by and among Miami-Dade County, a political subdivision Ihe State of Florida (hereinafter referred to as the "County"), the City of Miami Beach, a municipal corporation under the laws of the State of Florida (hereinafter referred to as the "City"), and the Miami Beach Redevelopment Agency, a public agency and body corporate created pursuant to Section 163.356, Florida Statutes (hereinafter referred to as the"Agency"). WHEREAS, the Miami-Dade County Board of County Commissioners (the "Board") adopted Resolution No. R-317-93 on March 30, 1993, approving, among other things, the City Center/Historic Convention Village Redevelopment and Revitalization Plan (the "Plan") and delegated certain powers conferred on the Board by Part III, Chapter 163, Florida Statutes (the "Act"), to implement the Plan to the Mayor and City Commission of the City of Miami Beach (the "City Commission"), all for the project area commonly called "City Center/Historic Convention Village Redevelopment and Revitalization Area" (such Area previously referred to in the Interlocal Agreement described below, as the "Project" and herein referred to as the "Redevelopment Area"); and WHEREAS, the Board also enacted Ordinance No. 93-28 on April 27, 1993, which among other things, established a trust fiend ("Fund" or"Trust Fund") to fiend improvements in the Redevelopment Area; and WHEREAS, the County and the City also approved and entered into the Interlocal Cooperation Agreement, executed on November 16, 1993 (as amended by the First Amendment I I 42998OWNIAMI I I (defined below) and by the Second Amendment(defined below), the"Interlocal Agreement"),by which the County delegated to the City certain redevelopment powers granted by the Act, including but not limited to the creation of the Redevelopment Area and implementation of the Plan; and WHEREAS, the County and the City adopted Resolution No. R-889-03 and Resolution No. 2003-2537, respectively, approving an amendment to the Plan to incorporate the i development and implementation of community policing initiatives; and WHEREAS, the Board, through Resolution No. R-889-03, and the City Commission, through Resolution No. 2003-25241, also approved an amendment to the Interlocal Agreement ("First Amendment") to delegate to the City the power to implement the community policing initiatives; and WHEREAS, the Board, through Resolution No. R-958-05, and the City Commission, through Resolution No. 2004-25560, also approved a second amendment to the Interlocal Agreement ("Second Amendment") whereby (i) the County, City, and Agency agreed that the Agency would remit one and one-half percent (1.5%) of the Tax Increment Revenue paid to the Agency for said fiscal year to the County to defray administrative costs for oversight and processing Agency related items, after debt service and all other obligations related to the bonds or future indebtedness issued by the Agency and approved by the County was satisfied for the fiscal year, and (ii)the County approved the Agency's issuance of refunding bonds in an amount not to exceed a principal amount of $101,090,000.00 to refinance all or a portion of the outstanding principal amount of bonds issued with respect to the Redevelopment Area; and WHEREAS, the County, City and Agency also desire to amend the Convention Development Tax ("CDT") Interlocal Agreement fiom 1996, as amended (the "1996 CDT 2 f II Interlocal Agreement") to, among other things, allow for the use of CDT revenues to pay for the operations and maintenance and debt service for the Convention Center Project (as such project ;I i d is hereinafter defined); and { NOW, THEREFORE, for and in consideration of the premises and the mutual t covenants recorded herein,the County, the City and the Agency agree as follows: A. The recitations set forth above are true and correct and adopted as part of this Third Amendment. B. Paragraph III "City Responsibilities," subparagraph C, "Project Financing," sub- subparagraph 3, of the Interlocal Agreement is hereby amended to read as follows: 3. The City shall prepare and submit for County approval at the beginning of each County fiscal year the Project budget in a format approved by the County. The Board waives Section 3 of County Resolution No. R-871-11 requiring the Agency to submit timely budgets for approval by the Board prior to the Agency borrowing money, advancing fiunds or incurring indebtedness proposed to be repaid from or secured by the Agency's Tax Increment Revenues. C. Paragraph III"City Responsibilities", subparagraph C,"Project Financing,"of the Interlocal Agreement is hereby amended to add the following sub-subparagraphs 6 7, and 8 respectively: 6. The Board has approved and authorized pursuant to Resolution No. IZ.--1 I 10•- %q , adopted on IVI rul the issuance by the Agency of bonds pledging Tax Increment Revenue from time to time, in an aggregate principal amount not to exceed $430 million, and maturing not later than March 31, 2044, in one or more series (without regard to the year(s) of issuance, the "2015 Bonds"), which will provide funds for the following purposes only: a. the amount necessary to refund the outstanding Tax i Increment Revenue Bonds, Taxable Series 1998A, Taxable Series 2005A and Series 2005B (collectively, the"Outstanding Bonds"); b. approximately$275 million to fund a portion of the design, development and construction of the Convention Center 3 project,(which project is currently estimated to cost a total of$582 million and is more fully described in Exhibit"A', attached hereto and incorporated herein by this reference (the "Convention Center Project"); i C. approximately $36 million for the ancillary i Redevelopment Area capital projects, which are more fully described in Exhibit `B," attached hereto and incorporated herein by this reference; and d. All costs of issuance and debt service reserves associated with the 2015 Bonds. i 7. The parties agree that any Tax Increment Revenue shall be used in accordance with this Agreement. Any Tax Increment Revenue not used in accordance with this Agreement shall be refunded by the Agency to the taxing authorities in the same percentage as it was contributed, but solely from available Tax Increment Revenues after satisfying all obligations on, or related to,Agency Indebtedness (as hereinafter defined). 8. In addition to the 2015 Bonds, the City also plans to issue City of Miami Beach Resort Tax Revenue Bonds and Parking Revenue Bonds to complete the financing required for the Convention Center Project. D. Paragraph V, "Board Approval," of the Interlocal Agreement is hereby amended to read as follows: Any approval required by the Board as to the annual budget, amendments to the Plan, or amount, duration and purpose of bonds, notes or other indebtedness for the Redevelopment Area shall not be unreasonably withheld, conditioned, or delayed, or adversely affect any matters previously approved either in a previous annual budget or pursuant to any previously approved bond, note or other form of indebtedness pledging or obligating Tax Increment Revenues. E. The Interlocal Agreement is amended to add the following Paragraph: i 4 VII. Extension of Taxing Authorities' Payments. Except as specifically set forth herein,the obligation of each taxing authority to deposit into the Trust Fund pursuant to the Act solely i for the uses authorized in the Amended Plan and this Interlocal Agreement is extended until the earlier of March 31, 2044, or the date Agency Indebtedness (as defined below) is no longer outstanding. ; F. The Interlocal Agreement is amended to add the following Paragraph: IX. Tax Increment District Extension The City and Agency represent that as of the Effective Date the only indebtedness pledging Tax Increment Revenues that remains outstanding are the Outstanding Bonds. The City and the Agency covenant and agree that the City or Agency, as the case may be, shall not issue any additional indebtedness, other than the 2015 Bonds, pledging Tax Increment Revenue unless and until such indebtedness has been authorized by the Board. The Outstanding Bonds, the 2015 Bonds and any additional indebtedness pledging Tax Increment Revenues authorized by the Board are collectively referred to in this Agreement and defined as the "Agency Indebtedness." The Agency, within ten (10) days after the maturity and payment or defeasance of all Agency Indebtedness, shall give written notice to the taxing authorities that all Agency Indebtedness has been defeased or has matured and been paid (the "Defeasance Notice"). The terms "defeasance" or"defeased," as used in this Agreement with respect to Agency Indebtedness, shall mean the legal release of the lien on the Tax Increment Revenues through the establishment of an irrevocable escrow in an amount sufficient to pay, when due, the Agency Indebtedness being refunded. The City, Agency and the County agree that the taxing authorities' obligation to contribute to the Fund will cease as of the date of the Defeasance Notice. The Agency shall distribute all revenues remaining in the Fund at that time only as provided and in the order of priority set forth in Paragraph XII of this Interlocal Agreement to the extent any of the required distributions set forth in such section remain unpaid for such fiscal year, with any revenues that remain after payment of all such amounts to be distributed to each taxing authority in the proportion that the amount of contribution by such taxing authority bears to the total amount contributed by all taxing authorities for that fiscal year. The Agency shall remit such revenues to the taxing authorities no I later than thirty (30) days fiorn the date of the Defeasance Notice. The parties agree that upon final distribution of all revenues in the Fund, the Redevelopment Area and tax increment district shall be 1 5 deemed terminated and the Agency will sunset and cease to exist as of such date. G. The Interlocal Agreement is amended to add the following Paragraph; X. Miami-Dade County or Other Taxing Authority Representation As required in Section 1 of County Resolution No. R-1382-09 and Section 2 of County Resolution R-871-11, and as provided in Section 163.357(1)(d) of the Florida Statutes, the Board shall have the right, in its sole and absolute discretion, to appoint a member of the Agency, who shall be the Commissioner of County Commission District 5, and such Commissioner shall be vested with the same rights, duties and obligations as any other Agency commissioner. Said membership on the Agency's board of commissioners shall be considered an additional duty of office as prescribed by Section 163.357(1)(d) of the Florida Statutes. Such appointment by the Board shall be immediate and will become part of the Agency's board of commissioners without fitrther action from the Agency required. H. The Interlocal Agreement is amended to add the following Paragraph: XI. The Children's Trust Exemption The County, the City and the Agency agree that pursuant to Section 2-1742 of the Code of Miami-Dade County, The Children's Trust, an independent special taxing district, shall be exempt from the provisions of Section 163.387(2)(a) of the Florida Statutes, commencing the earlier of March 31, 2023, or the date that the Outstanding Bonds are defeased or mature and are paid. If ; required, the parties further agree to negotiate and execute an amended Interlocal agreement with The Children's Trust to codify the terms and condition of such exemption. Annual Tax Increment Revenues attributable to The Children's Trust shall not be pledged by the Agency toward the repayment of the 2015 Bonds or any new indebtedness pledging Tax Increment Revenues approved by the Board. Until such time as The Children's Trust is exempt fiom the provisions of Section 163.387(2)(a) of the Florida Statutes, the provisions of the Interlocal Agreement among the City, Agency and County as adopted by the Board on July 27, 2004 (Resolution No. R-973-04), , as fully described in Exhibit C, apply to the distribution of the Tax Increment Revenues attributable to The Children's Trust. 6 I. The Interlocal Agreement is amended to add the following Paragraph i XII. Distribution of Trust Fund Revenues • f All Tax Increment Revenues shall be deposited in the Trust Fund as required by law, and the parties agree that all funds in the Fund shall be distributed annually, only as provided and in the order of ; priority as set forth below: A. Beginning Fiscal Year 2014-15, to pay the first$500,000 in current expenses and debt service, reserve deposits and other costs and obligations associated with the Outstanding Bonds until such time as the Outstanding Bonds have been refunded or are no longer outstanding. B. Beginning Fiscal Year 2014-15, to remit to The Children's Trust the legally available portion of Tax Increment Revenues attributable to The Children's Trust until exemption, or until such time as the Outstanding Bonds have been refunded or are no longer outstanding. C. Beginning Fiscal Year 2014-15, to pay debt service,reserve deposits and other costs and obligations associated with the 2015 Bonds and any other Agency Indebtedness. D. In addition to the annual funding that the City currently receives from Convention Development Taxes,pursuant to Section II.A.1 of the 1996 CDT Interlocal Agreement, beginning in FY 2017-18, and ending the earlier of the termination or expiration of the taxing authorities' obligation to appropriate Tax Increment Revenues to the Fund, or the date that the Convention Center is no longer in operation as a publicly owned convention center, the Agency shall remit to the City a Convention Center operating and maintenance subsidy in the annual amounts for such years set forth below. For FY 2017-18, the amount of the annual subsidy is equal to $1 million. This amount will increase by$750,000 each fiscal year thereafter until it equals $4 million in FY 2021-22. For FY 2022-23, through and including FY 2024-25, the annual subsidy will remain equal to $4 million. Beginning FY 2025-26, and ending the earlier of the termination or expiration of the taxing authorities' obligation to appropriate the Tax Increment Revenues to the Fund or the date that the Convention Center is no longer in operation as a publicly owned convention center, the annual subsidy shall equal the prior 7 fiscal year's annual subsidy adjusted by the lesser of the Miami Urban Area CPI to be calculated using the Miami f Fort Lauderdale All Urban Consumers CPI fiom July to l June for the prior year or 4 percent annually. The City and the Agency agree that such fiends shall only be used to fund i operating and maintenance costs of the Convention Center. Notwithstanding and prevailing over any provision to the j contrary herein, if the County grants CDT funds to the ' Agency or the City pursuant to Section II.A.3 of the CDT Interlocal for the purpose of finding Convention Center ; operating and maintenance costs such amount referred to as (the "CDT Grant"), the annual subsidy payment to be funded with increment revenues pursuant to the prior paragraph shall be reduced by an amount equal to the CDT Grant. E. Beginning FY 2023-24, and until the earlier of March 31, 2044, or the termination or expiration of the taxing authorities' obligation to appropriate the Tax Increment Revenues to the Fund, the Agency agrees to grant to the County an amount equal to the County's proportionate share of the total payments expended by the Agency in the prior fiscal year for Administration, Community Policing, and Capital Project Maintenance (defined below). Such grant shall be paid to the County by March 31 of each year and shall be based on the previous year's expenses for Administration, Community Policing, and Capital Project Maintenance. The amount granted annually shall be calculated as follows: The County's share of total Tax Incremcnt Revenues deposited into the Trust Fund for that particular year divided by the total Tax Increment Revenues collected from all taxing authorities and deposited in the Trust Fund for that particular year, multiplied by the amount of expenses paid by the Agency in the previous fiscal year for Administration, Community Policing and Capital Project Maintenance. F. Beginning in FY 2014-15, and ending on the earlier of termination or expiration of the taxing authorities' obligation to appropriate Tax Increment Revenue to the Fluid, Tax Increment Revenues shall fund the Agency's expenses for Administration, Community Policing, and ; Capital Project Maintenance, defined to include only those categories listed in the Agency's FY 2013-14 adopted 8 budget approved by the Board pursuant to County Resolution No. R-512-14, a copy of which is attached hereto as Exhibit D and is incorporated herein by this reference. For fiscal year 2014-15, the use of Tax Increment Revenues for such expenses shall not exceed $11.721 million which has been adjusted for CPI as defined below, of which $11.251 Million is the aggregate amount budgeted for these items, as referenced in Exhibit D plus an additional $200,000 for Capital Project Maintenance (which shall not be used for maintenance of the Pennsylvania Avenue Shops and Garage). Beginning fiscal year 2015-16 and each fiscal year thereafter, the use of Tax Increment Revenues to fund the Agency's expenses for Administration, Community Policing, and Capital Project Maintenance shall not exceed the prior fiscal year's distribution for such expenses (for example, $11.721 million was the distribution in fiscal year 2014-15), adjusted by the lesser of the Miami Urban Area CPI or 3 percent annually to be calculated using the Miami Fort Lauderdale All Urban Consumers CPI from July to June for the prior year. Additionally the Agency will pay the County an administrative fee based on 1.5 percent of the County's Tax Increment Revenue contribution in that year. The Agency will also pay the City 1.5 percent of the City's Tax Increment Revenue contribution in that year. G. In FY 2014-15 and FY 2015-16, respectively the Agency will reimburse the City for the Bass Museum and Lincoln Road prior project costs of$1,288,032,62 in FY 2014-15, and$1,286,464.26 in FY 2015-16. H. Beginning FY 2014-15 and ending on the earlier of March 31, 2023, or the termination or expiration of the taxing authorities' obligation to appropriate Tax Increment Revenue to the Trust Fund, the Agency shall, within ninety (90) days from the conclusion of each fiscal year, deposit any unencumbered amounts on deposit in the Trust Fund and all available revenues remaining after distribution of Tax Increment Revenues in the order, priority and amounts set forth in Sections A through G above, into a fiend to be i used for the purposes of financing any shortfalls associated with the payment of the expenses as listed in Section F above. Such deposits to such fund shall only be made if it will not negatively affect the exclusion from gross income, for federal income tax purposes, of interest on any tax- exempt Agency Indebtedness. All other remaining 9 revenues will be used to extinguish Agency Indebtedness early, but not prior to FY 2023-24, to the extent such Agency Indebtedness is subject to prepayment or redemption prior to maturity at such time or, if such Agency Indebtedness is not then subject to prepayment or redemption prior to maturity, to establish an escrow for the prepayment or redemption prior to maturity of such Agency Indebtedness at such time as the Agency Indebtedness is subject to prepayment or redemption prior to maturity; provided, however, that such escrow shall only be established if it will not negatively affect the exclusion from gross income, for federal tax purposes, of interest on any such tax-exempt Agency Indebtedness. The City and the Agency agree not to issue Capital Appreciation Bonds or similar debt that does not pay interest on a current basis. The City and the Agency also agree that any Agency Indebtedness pledging Tax Increment Revenues issued for the purposes set forth herein shall include a call provision allowing such Agency Indebtedness to be called no later than ten (10) years after initial issuance. If the Agency Indebtedness is not subject to repayment or redemption prior to maturity, and an escrow cannot be established, then the Agency shall distribute annually any revenues remaining on deposit in the Fund after distribution as set forth in Sections A through G above, to the taxing authorities in the proportionate manner as it was deposited. I. Beginning FY 2023-24, and ending on the earlier of March 31, 2044, or the termination or expiration of the taxing authorities' obligation • to appropriate Tax increment Revenues to the Fund, the Agency shall, within ninety (90) days from the conclusion of each fiscal year, use any unencumbered amounts on deposit in the Trust Fund and all available revenues remaining after distribution of Tax Increment Revenues in the order, priority and amounts set forth in Sections A through G above to extinguish Agency Indebtedness early, to the extent such Agency Indebtedness is subject to prepayment or redemption prior to maturity at such time or, if such Agency Indebtedness is not then subject to prepayment or redemption prior to maturity, to establish an escrow for the prepayment or redemption prior to maturity of such Agency Indebtedness, at such time as the Agency Indebtedness is subject to prepayment or redemption prior to maturity; provided, however, that such escrow shall only be established if it will not negatively affect the exclusion from gross income, for federal tax purposes, of interest on any such tax-exempt Agency 10 Indebtedness. The City and the Agency agree not to issue Capital Appreciation Bonds or similar debt that does not pay interest on a current basis, The City and the Agency also agree that any Agency Indebtedness pledging Tax Increment Revenues issued for the purposes set forth herein shall include a call provision allowing such Agency Indebtedness to be called no later than ten (10) years after f initial issuance. If the Agency Indebtedness is not subject to prepayment or redemption prior to maturity, and an escrow cannot be established, then the Agency shall distribute annually any Tax Increment Revenues remaining on deposit in the Fund after distribution as set forth in Sections A through G above to the taxing authorities in the proportionate manner as it was deposited. F. The Interlocal Agreement is amended to add the following Paragraphs; 'YIV. Inspector General Review A. Independent Private Inspector General Reviews Pursuant to Miami-Dade County Administrative Order 3-20, the County has the right to retain the services of an Independent Private Sector Inspector General (hereinafter "IPSIG"), whenever the County deems it appropriate to do so. Upon written notice from the County, the Agency shall make available to the IPSIG retained by the County, all requested records and documentation pertaining to this Third Amendment for inspection and reproduction. The County shall be responsible for the payment of these IPSIG services, and under no circumstance shall the Agency incur any charges relating to these IPSIG services. The terms of this provision herein, apply to the Agency, its officers, agents, employees, Subcontractors and assignees. Nothing contained in this provision shall impair any independent right of the County to conduct an audit or investigate the operations, activities and performance of the Agency in connection with this Third Amendment. The terms of this Article shall not impose any liability on the County by the Agency or any third party. B. Miami-Dade County Inspector General Review According to Section 2-1076 of the Code of Miami-Dade County, as amended by Ordinance No. 99-63 Miami-Dade County has established the Office of the Inspector General which may, on a random basis, perform audits on all County agreements, throughout the duration of said agreements, except as otherwise provided below. f 11 Nothing contained above shall in any way limit the powers of the Inspector General to perform audits on all County agreements including, but not limited to, " those agreements specifically exempted above. The Miami-Dade County Inspector General is authorized and empowered to review past, present and proposed County and Agency contracts, transactions, accounts, records, agreements and programs. In addition, the Inspector General has the power to subpoena witnesses, administer oaths, require the production of records and monitor existing projects and programs. Monitoring of an existing project or program may include a report concerning whether the project is on time, within budget and in conformance with plans, specifications and applicable law. The Inspector General is empowered to analyze the necessity of and reasonableness of proposed change orders to a contract. The Inspector General is empowered to retain the services of independent private sector inspectors general (IPSIG) to audit, investigate, monitor, oversee, inspect and review operations, activities, performance and procurement process,including but not limited to project design, specifications, proposal submittals, activities of the Agency, its officers, agents and employees, lobbyists, County staff and elected officials to ensure compliance with contract specifications and to detect fraud and corruption: Upon written notice to the Agency from the Inspector General or IPSIG retained by the Inspector General, the Agency shall make all requested records and documents available to the Inspector General or IPSIG for inspection and copying. The Inspector General and IPSIG shall have the right to inspect and copy all documents and records in the Agency's possession, custody or control which, in the Inspector General's or IPSIG's sole judgment, pertain to performance of the contract, including, but not limited to original estimate files, change order estimate files, worksheets, proposals and agreements form and which successful and unsuccessfiul Subcontractors and suppliers, all project- related correspondence, memoranda, instructions, financial documents, construction documents, proposal and contract documents, back-charge documents, all documents and records which involve cash, trade or volume discounts, insurance proceeds, rebates, or dividends received, payroll and personnel records, and supporting documentation for the aforesaid documents and records. + i i I I i I + 12 f I XV. Convention Center Project Oversight The City agrees that the County may, at its sole cost and expense, assign a - representative (i.e., an owner's representative for the County), as its project i manager to monitor and provide feedback to the County on all aspects of the City's development of the Convention Center Project. XVI. Local Hiring Goals and Responsible Wages The City supports and encourages the application of local workforce hiring and responsible wages for the Convention Center Project, and ancillary projects listed in Exhibit B. K. All provisions of the Interlocal Agreement, other than the provisions specifically amended herein,remain in fiill force and effect. [SIGNATURES APPEAR ON THE FOLLOWING PAGE] 13 i IN WITNESS WHEREOF,the parties have executed this Third Amendinent as of the date first written above. CITY OF MIAMI BEACH MIAMI-DADE COUNTY By: B - f Carlos A. Gimen zMayor ATT ATTEST By: rt 61 By: e;�� ° ° ity Clerk Deputy Clerk { ;"6 r v y �Lti AF2lOQ'?C-2 MIAMI BEACH REDEVELOPMENT Approved for form and leggy}Vw&cy AGENCY B By: uIL Y /hi Assistant Ca�rnty�l�tcxrrie --a Attes By: I iy City Clerk Approved for form and legal sufficiency Br. �J_-,, (21!!�'�%------I City Attorney 14 I Exhibit"A" i Convention Center Project Convention Center Renovation and Expansion The Convention Center Project will modernize and upgrade the Convention Center facility and surrounding area to be more competitive within the trade/consumer show and convention industries. The project to reconstruct, construct, reconfigure, modernize and expand the Convention Center and related/accessory facilities including the siting of private lodging facilities near or adjacent to the facility may include, but not be limited to: redesign and reconstruction of the convention center building and site; upgrading media, communications, and other area technology; alterations to on and off site parking; on site and off site aesthetic improvements; expansion/addition or reconfiguration of facilities to include a ballroom or similar amenities; operation and maintenance of facilities for a period during and after construction, location or relocation of other area facilities directly related to the Convention Center and/or its ability to attract additional users. i i I 1 1 A-t Exhibit"B" $36 Million Ancillary Projects c I b f City of Miami Beach Redevelopment Agency List of Ancillary Projects i Bass Museum Interior Space Expansion: Renovation of Bass Museum interior to increase programmable space by 47% Estimated Cost: $3,750,000 Convention Center Lincoln Rd Connectors & 17th St N. Improvement Penn Ave to Wash: Enhance the pedestrian experience from the Convention Center complex to Lincoln Road along Drexel Avenue, Pennsylvania Avenue and Meridian Avenue. Work to consist of new lighting, sidewalk reconstruction, street furnishings, landscaping, healthy tree fertilization systems, road reconstruction, cross walk enhancements. Improvements to 17th Street from Pennsylvania Avenue to Washington Avenue will consist of landscaping, irrigation, pedestrian lighting and sidewalk replacement. Estimated Cost: $12,000,000 Lincoln Rd / Washington Ave to Lenox Ave: Refurbishment of Lincoln Road pedestrian mall from Washington Avenue to Lenox Avenue. Work to consist of new lighting, refurbishing pedestrian surfaces, street furnishings, healthy tree fertilization systems, milling and resurfacing pavement surfaces and cross walk enhancements. Estimated Cost: $20,000,000 i A-2 Exhibit"C" Children's Trust Interlocal I 1 1 1 { 1 ii i B-1 INTERLOCAL AGREEMENT AMONG CITY OF MIAND BEACH, MIAMI BEACH REDEVELOPMENT AGENCY, MIAMI-DADE COUNTY,FLORIDA THE CHILDREN'S TRUST, This Interlocal Agreement ("Agreement") is among the City of Miami Beach, Florida, (the "City"), the Miami Beach Redevelopment Agency (the "CRA"), Miami- Dade County, Florida (the "County") and The Children's Trust, Miami-Dade County (" The Trust"),an independent special taxing district,for the purpose of establishing the use of tax increment revenues to be derived•from the imposition of a half mill tax levy by The Trust against real property located within the jurisdictions of the CRA (the-"Trust Revenues"), WHEREAS,The Trust was established as a result of a county-wide referendum in which the electors of the County approved the creation of The Trust and its imposition of a not to exceed half mill tax levy against all non-exempt real property in Miami-Dade County for the purpose of funding improvements to children's health, development and safety and promoting parental and community responsibility for children who reside in Miami-Dade County; and WHEREAS, Chapter 163, Part III, Florida Statutes, also known as the Community Redevelopment Act of 1969 (the "Act"), provides for the creation of community redevelopment agencies and governs the use of moneys in the redevelopment trust funds created in accordance with the Act(each,a"Fund");and WHEREAS, the City Commission accepted a delegation of powers from the Miami-Dade County Board of Commissioners (the "Board"), found a need for and created the CRA to have jurisdiction over all of its community redevelopment districts, declared members of the City Commission to be the members of the Agency, granted the Agency the power to exercise certain powers permitted by the Act to the extent delegated by the Board to the Agency and directed the initiation, preparation and adoption of community redevelopment plans by the Agency for its two community redevelopment districts known as City.Center/Historic Convention Village and South Pointe ("CRA Districts");and WHEREAS, the CRA has various series of community redevejopment revenu�, bonds currently outstanding in the aggregate principal amount of$+: t`-�+; ;� r--� (the "Bonds") issued under certain bond resolutions (the "Bond Resolutions") to which the CRA has pledged all current and future tax increment revenues the CRA is entitled to receive pursuant to the Act from all non-exempt taxing authorities including tax increment revenues from any additional tax levies created subsequent to the issuance of the Bonds such as The Trust Revenues;and L [J( I C WHEREAS, the City has pledged certain City revenues to the holders of the Bonds as a additional security for the Bonds; and WHEREAS, as .an independent special taxing district, The Trust is eligible to share in any tax increment revenues not budgeted fora particular use and remaining at the end of the CRA's fiscal year in the Fund established for each CM 'community redevelopment district;and WHEREAS, the Board enacted Ordinance No. 03-210 (the "Ordinance")with an effective date of October 17, 2003 that established a policy that before the Board will ; consider any matter concerning a community redevelopment agency, including the approval of an annual CRA budget, a governing body such as the City shall first exempt The Trust pursuant to the Act from having to deposit its Trust Revenues with the community redevelopment agency;and WHEREAS,the City is unable to obtain review of its matters,including the CRA budget,by the Board because it cannot comply with the Ordinance without violating the CRA's pledges to the holders of the Bonds that requires all present and future tax increment revenues from each CRA District to be available for the repayment of debt service on the Bonds relating to such CRA District;and WHEREAS, the City, the CRA and the County wish to assist The Trust and to effectuate the will of the electorate by agreeing to remit The Trust Revenues to The Trust pursuant to the provisions of this Agreement; and WHEREAS, approximately ten percent (10%) of the ad valorem tax revenue collected in Miami-Dade County is from residents of the City and; WHEREAS, The Trust collects approximately $6 million in ad valorem tax revenues from the residents of the City which is ten percent(10%)of the ad valorem tax revenue it collects and; WHEREAS,there are children and families who reside in the City and are in need of the services described in The Trust's Strategic Framework 2003-2007 and there are a number of agencies which may provide quality services to these children and families if provided financial assistance; and WHEREAS, in exchange for the City's and the CRA's cooperation, The Trust will make funds available for children's programs within the City in the amount of The Trust Revenues annually upon the conditions set forth in this Agreement;and WHEREAS, the City,the CRA,the County and The Trust desire to enter into this Agreement in order to establish their cooperation and agreement with respect to the use ' of The Trust Revenues, ]5 J 3 NOW THEREFORE,the parties agree as follows: S Section 1. The recitals above are incorporated in Section 1 of this Agreement. ; Section 2. The City, the CRA and the County agree that the CRA shall: (i) ' use The Trust Revenues for debt service on, and other obligations relating to, the Bonds under the applicable Bond Resolutions only after all other tax increment revenues under the applicable Bond Resolutions have been exhausted for such purpose; and(ii) remit to The Trust on the last day of the CRA's fiscal year,all of the Trust Revenues that are not needed for debt service on, and other obligations relating to, the Bonds under the applicable Bond Resolutions and are eligible to be refunded pursuant to the Act, and the applicable Bond Resolutions. Section 3. The Trust will make available funds in the amount of Trust Revenues annually for programs and services to children and families within the City, through a competitive process,to the City and/or agencies and organizations that provide said_programs and services within the City, However, in order to receive funding, the City and/or agency or organization must provide a program or service that falls within The Trust's funding priorities and quality standards. The City and/or agency or organization is in no way restricted from participating in, and shall not be prejudiced by, any and all other competitive funding opportunities offered by The Trust, Section 4. This Agreement shall be effective upon execution by all parties and shall continue for as long as The Trust is in existence and can levy ad valorem taxes. Section 5. This Agreement is made in the State of Florida and shall be governed according to the laws of the State of Florida. Proper venue for this Agreement shall be Miami-Dade County,Florida. Section 6. Any alterations,variations,modifications,extensions or waivers of provisions of this Agreement shall only be valid when they have been reduced to writing, duly approved and signed by both parties and attached to the original of this Agreement. Section 7. This Agreement is signed in four (4) counterparts, and each counterpart shall constitute an original of this Agreement. Section 8. This Agreement contains all the terms and conditions agreed upon by the parties. No other Agreement,.oral or otherwise, regarding the subject matter of this Agreement shall be deemed to exist or bind any of the parties hereto. If any provision of this Agreement is held invalid or void,the remainder of this Agreement shall not be affected thereby if such remainder would then continue to conform to the terms and requirements of applicable law. i i 1 4 i IN WITNESS WHEREOF,the parties have caused this Agreement to be executed by their respective and duly authorized officers as of the day and year first above written. (SEAL) I ATTEST: JCY A I BEACH,FLORIDA Robert Parcher,City Clerk D i e er,Mayor i ATTEST: jtECHIREDEVELOPMENT AGENCY Secretary ATTEST: MIAMI-DADE COUNTY,FLORIDA Co Glark Ignat6c of Au orized Representative �4 M Mrs 0 0, DAD O i' caVN y m Print Name and Title O tJ qa 5.� ATTEST: THE CHILDREN'S TRUST,MIAMI DADE COUNTY Valria C. Screen,Sedretary Modesto E.Abety, resident V 0 APPROVED AS TO FORM&LANGUAGE &FOR EXECUTION coy Attom Date i Exhibit"D" Resolution No.R-512-14 ! City Center FY 2013-14 Budget 1, 1 I i r i I A-2 *VnCM 1=CGPV CLURKOFT-29 BOARD or COUNTY COWISSIONIRS i WAA9rDAVZ COMM,,r LOMDA j MEMORANDUM Agenda Itom. No, g(G)(1) ' I TO: Honorable Chairwoman Rebeca Sosa DATE: June 3,2014 and Members,Board of County Commissioners FROM: R.A.Cuevas, Jr. SUBJECT: Resolution approving Miami County Attorney Beach City Center Community Redevelopment Agency Fiscal Year 2013-14 budget Resolution No. R-512-14 The accompanying resolution was prepared by the Office of Management and Budget and placed on the agenda at the request of Prime Sponsor Finance Committee. R.A. C evas, County Attorney RAC/smm ii 1 Memorandum Dat#: June 3,2014 To; HdWah1a%:CbaI`rwornan Reboroa-5osa and Members,.Board bf'-OoUnt r�l"Ioffert From: Carlos A. Glmoh6z Mclyjor or.the.. lam �I; Ify bert Subject, ;!:�Y'2.013-14 Budget far WC R ter Community Redevelopment Agency R-eabmn12iidptIq It is recommended that'tho Board-:of 0-our�y.' Oomnilsglonert (Board) -consider�apprbving the Mlamt Beach pity 0enter-Community ke&.velophlent.-Agency's (A,genays) FY 2.0.1-3.,14 .budget for the City COW COMM,UhltyRedevelopmont Area(Area). :Scope of kohda Item The Area Hers within 0=r0ssloty pistrict 5,which,is represent ed by Cdramlss1oror Bruno A. Barrels. fiscal ImRaqt I Funding source 'he Ag6ndy."s revahua 9.outde Is "tax. Increment finawIng' (TIF), which. is -generated through the Iricromental growth 'of ad valorem revorves beyond an establl6h.ed base year, -as defined In $ectloh 163,387 of-the-Florida State StatUtdg, dopoditod*t7o"tho trust-fund foe FY-20T3-14 fo.1-al V 6,91 8,000--and$1%a4o.0% rospIF.0tively, Tho County-will' obntirfu6 it). make annual payments to the Agency, bn8"t-d:.ory each respective year's growth of ad valorem revenues:over the.base year,-through 2023,when h n the Agency WlfI sunset.. 'T—tuck Record 1.Monitor; This resolution 4oes not provide for contractIng with. any #ecific.entity'. The Osolutldn approyes,the. Ag anqy!$FY20 I 3,l 4 budget'.. 15;iekdeouhd On'.Jah-Wary 26, 1993, fhe-Qo.ardapprovO the,est-aWlshmentipf the.Agency-Wheli it dedlaf6d the Ared to be slum and bliqlited pursuant to IR6.solutIttf!A-14,!03,The'Board approved-th*e A9.0,11cY'4 Community Redeveloment Plan (.Plan;,)and its funding when It-enacted Resolution R-31795znd Qrclinafice 93-28, respeqtively, An 1ptprloral AyreemetiLAMUng the County, the City, -on P .d the Ag-eMy and rthe' Ian.were approved by the 50rd an Moroli-30, 1-05,t6tipWrig the Agenoy.to%Wlt an.4nrTuaI'budq1et for 0-ounty approvol, Fj 2QI.3-14 BU!W The,Agenoy's,FY 2W-1 4;bLfaqot 16-$43,G60,000,'which was approved by the.-Agency on 8Qlp1ernb6r 30, 2013, Th*e .budget Includes revenue-soijroes of County T.IF Revenues. ($15,91%00,0). City IF Revenues ($1*9,849,00.0), Resort Tax'Contrfb(ltl6ft ($5,386,00'0),#1/7. m- 111 levy to.be tot-asido for the Ghildren's Trust ($1.,8$1,000), and Interest earn lqg s'(125,-00). Aftinl6trafive-expandItUres foe the Agonoft oporatlorys, Including the City'Administrative Charge for general oversight ($283,000), -total $2,244,000 and represent approximately five percent of total budgeted expehd"Itures, -excluding.the 1,6 percerit County Administrative Charge ($�39,1000), which Is less than the 20,percent allowed Jn the. lnterloQal Agreolrnent. 2 Konorab�e Chairwoman Rebeca Sosa and Members, Board of County Commissioners Page 2 t Operating expenditures total$39,791,000 and are broken down as follows; • J • $18,443,000 for Capital Projects Including; + Collins Park Parking Garage($12,242,000); l • Bass Museum Interior Space Expansion and Capital Contribution($4,797,000); i Euclid Avenue Improvements at Lincoln Road ($69,000); • City Center—Various sidewalk and street improvements Commercial [District($326,000); + Lincoln Road Master Plan Study($600,000); City Center Legal Fees ($350,000); and Agency's Capital Fund Balance Shortfall ($2,390,000), • Additionally, the capital project fund credit of $2,231,000 is a result of projects that were underspent and closed out. • $9,922,000 for debt service Including; I ` • Series 2005 Bonds and the combined debt service on the Parity Bonds($8,550,000); + Sunshine State Loan for the reconstruction/renovatlon of Lincoln Road($826,000); and • Loans for the Bass Museum Project($547,000). + $308,000 to Pennsylvania Avenue garage and shops to offset operational costs, • $4,195,000 for community policing that Includes ten police officers, two sergeants, two public safety aides, a crime analyst and a part-time lieutenant providing community policing exclusively within the Agency seven days a week, • $5,095,000 for maintenance of Agency capital projects constructed with TIF funds (Lincoln Road, Beachwalk Project, and Collins Park facilities), • $1,831,000 as the Children's Trust Remittance. The Agency's budget includes a contingency reserve of$364,000. The Agency's FY 2012-13 expenditures created an Initial unaudited fund balance deficit of $341,237. Therefore, It Is accounted for In FY 2013-14 ($342,000), The Agency is in the process of auditing the current fiscal year and believes there will be no deficit, Edward Marpu Deputy Mayor Attachments Mayor08614 I 1 i i MEMORANDUMf (ltavised) � TO: Honorable Chau'rvomaa Rebeca Sosa DATE: June 3, 2014 i } and Members,Board of County Commissioners ` i ` FROM: R.A.C as,7t. SUBJECT: Agenda Item No. g(G)(1) County Attorney Please note any items checked. 9-Day Rule"for committees applicable,if raised G weeks required between first reading and public hearing 4 weeks notification to municipal officials required prior to public hearing Decreases revenues or increases expenditures without balancing budget Budget regrdred Statement of fiscal impact required Ordinance creating a new board requires detailed County Mayor's report for public hearing No committee review Applicable legislation requires more than a majority vote(Le,,2/3's 3/5's ,unanimous )to approve Current information regarding funding source,index code and available balance,and available capacity(if debt is contemplated)required i l 4 ' . � i Approved Mayor Agenda Item No. g(G) (IL) ; Veto 6-3-14 � ' s Override i i RESOLUTIONNO. R-512-14 I RESOLUTION APPROVING MIAMI BEACH CITY 1 CENTER COMMUNITY REDEVELOPMENT i AGENCY FISCAL YEAR 20I 3-14 BUDGET ' WIIEREAS, the Interlocal Cooperation Agreement between Miami-bade County, Florida (the "County"), City of Miami Beach (the "City"), and the City Center Community Redevelopment Agency(the"Agency"),approved on March 30, 1993,requires that the City and Agency transmit its adopted annual budget to the Board of County Commissioners of Miami.- Dade County,Florida(the"Board")for approval;and WHEREAS,the Agency and its counsel have determined that all expenditures associated with the attached budget are allowable under the Redevelopment Plan,Interlocal Agreement and Florida State Statute;and WHEREAS, this Board desires to approve the Agency's adopted annual budget for Fiscal Year 2013-14,for the City Center Community Redevelopment Area(the`Budget"),-in the form attached hereto as Exhibit 1,and incorporated herein by reference;and WHEREAS,this Board desires to accomplish the purpose outlined in the accompanying memorandum,a copy of which is incorporated herein by this reference, NOW, THEREFORE, BE IT RESOLVED BY THE BOARD -OF COUNTY COMMISSIONERS OF MIAMI-DADS COUNTY,FLORIDA, that the Board approves the Agency's annual adopted budget for fiscal year 2013-14,related to the City Center Community Redevelopment Area. I i 5 i ' I I Agenda Item N•o. 6(G)(1) Page No,2 i The foregoing resolution was offered by Commissioner Lim h 18eU , who moved its adoption. The motion was seconded by Commissioner ,Toss"Pepe"Diaz ; I and upon being put to a vote,the vote was as follows: j a i ' Rebeca Sosa,Chairwoman aye , Lynda Bell,Vice Chair aye Bruno A.Barreiro absent Esteban L,Bovo,Jr. aye j Jose"Pepe" Diaz aye Audrey M.Edmonson aye ; Sally A.Heyman aye Barbara J. Jordan aye i Jean Monestime aye Dennis C.Moss absent Sen.Javier D. Souto aye Xavier L. Suarez aye Juan C.Zapata absent The Chairperson thereupon declared the resolution duly passed and adopted this P day of June, 2014, This resolution shall become effective ten(10) days after the date of its adoption unless vetoed by the Mayor, and if vetoed, shall become effective only upon an override by this Board. MIAMI-DADE COUNTY,FLORIDA BY ITS BOARD OF COUNTY COMMISSIONERS Ga M Mks HARVEY RUV1N,CLERK 'a COUNTY °o � �Chiistoph ' Aoij&a *k* By: Deputy Clerk Approved by County Attorney as to form and legal sufficiency. cS� David Stephen Dope 6 MIAM]BEACH &V 6f is im"I Deoch,1700 C6hVOW1onC6n1erDrtve,WMI'OeaCh,�lor1d6.331 4,.w1!W.mtamihaaehFl.poq I 9 , Miami Beach Redeyetopment Agency Tel;•(3051679757y,Fox!1465)673.7063 1 °Nbvembor 6,.2013 Wlt JoroeM,_1✓ernandex 1 Pro�Cam�oprdiriatnr Ofl*;p tit M011BOe�ietit.$i Budget' 191..N1(V 1 street, W, Floor NXlarni, VL- 93128 RE. City.Center Redevelopmlont Area-.FY 2011/44 Budget Submittal Dear Mr, Fernandez: Enclosedis•tbe-Miami Baach'RodtivoloprhentAgen.oy's Resolmtioh packages:gdopt€ng the JPY 2013114 operatf t1g and Capital Budgets in. .t9ie -Cbunty's preferred f.4rmOt tobether With at/r .status report. The :Sudget was.• Wppted. by-the }FDA l3opid -on $aO66W 30, 20.13. It shopld e. doted that the most current year-end F.Inanclal Statements, dated$epteinber 80, 2012, haw already boeh-foivvard'ed to th'e.Cauhty ai d are 0180 available on Ifne, The Firianotal'Statements for 2013 will be available as of Maroh 30,2014.. Ple >;e, dvise.as to-the County'.cohediila for reviowing•and.approving the enclosed �O 0et In the meantime, should you have any questions, please do'hDt.hel$1WO to baritGf me, Sirycereiy, . KAtttte Brooks AsMAteint Director KGO;NA$40PH i=rf.CIQSlJres . 0. Jhltroy Morales,Exoouttve Director Max Sklar,aedevelopment•Coordinator John Woodruff,ar3Pt Qlreotor OdOrgotte DW61A,Sertior MW.Analpt FA Nh•QI$ WRbAftA Buclget12013-141FY 13_14 Budget`mnsmlital Request county:don j We owcomrntdod 14 providito axcagk public sank9ogd3o(4ty10 of who ltva.Mort,wd ploy In our vlbroatt impleat bask commutdy, ,7 i i :c. l 4 YA jti 3 IMikt� j •' y4� 4„nij,ny `,�� — � l:tl���,'. :nr, .� j3�,r,i Ip ts1S' �„ �•��''�� iP, t �•.'t j!t`' �� 7 �I I �rwt i - i1,�3.a'p 4 �i'J •�j � �tU�� .)� itlll, re t'=t�..:.'�,� t Tl i` '1 �c� �'��PF.�"� P ,at p ,• r<��� r:I w j �' �1 �t�r �r y i I,: A .Mi - (t Fl-�DFi , q ti ��7 v)yQ-)1rY '�-; 't>r---•`. .!—tr'.�'' 73'v _ ,� �o4, r i� e i t il Rll �'l. xrlllt � �jl J 51 x`-i�.S cn fi, rhr S'h�h �r:�3 Iii1"3i • � ..• � � 1.• i C Jam) Beach Redevelopment Agency Adopted,Annual-Budget for 01ty Center EY L-013/14 �qontant SAC TI �J - Budget Narrative And Annual*Projwt Area Status Report 2613/14-0peraflhg Budget as adopted by-the RI)A'B'Ord'6h 06/30113(County. 2 FY.2018114 Operating Budget as adopted by the RDA BoArd-on 09/80/13 (RDA Format) 3 C�jyital Proloot SuMm- ary and Five-Year PJ6rI 4 Capital Maintenance Summary 5. 0ammunIty. Policing budget 0 Organizatlohal.0hart. 7 Adopted FY-MI-all 4 RDA.Operoting.Budget R-6solutibn Paokageg 8 FY 20-18114 Operating 8udgetas adopted on 09130/13. FY 20-13/14 Capital Budget`adopted on 09/30/15 - Adoptedry 2012M3 RDA OperatIfig$udgot AmOhdrnellt Package Adopted on 7117113 9 Financial Report- Flocal Year en.ded$optember'$O,3.12,.propOed by.RW MoGladrey; MIA►MI BEACH RVELOP1 ENT ;A Q'�' OY FY OPERATING BUDGET AND M� -ro aseurs. comhued econamlomamilty-of the City Center Redevelopment Area and tho Gity as -0. Wholo' thrbugh. 1he Implementation of the ob�ectivos and pro}ects effne4 in the 116deyefapmertt Plan and the amendrr<enktheref�a. 4 To Wour minimum relooation and condemhatiOA. m `To Moto oommem'If y reaideM.in the redavolapment prmass.. -o otahhh! the rmpess'ary I'MiAg$s to ti&-Io the Ctittventiah' Center, area.hoteis, -cuitufal amenit[es,mtertai►snot,reaidehtlal a6d F u�MPas:Uses m oe.'atriot,, To onNnce-Olversity;of form and xtivity through tha use•of.asto blishad plarm'inb.and design pdnolples• To croon:�triAo q*em to serve local and thraugh:traffid-Obds. To repoonlze'the historld structures and.designatidns•within the histarlc districts and faailit�kt�devetapmar�t�tccbrdingly. Status.ftenort The:332•ocre.city CeDterl.Hlstorio Convention Viil.�ge Redaveldp'atit z pd Ilzstion Area (000'VKRA or.Oity Ctmder)was estafyilsitsd in.100, in cirdpf to provide .the fundng mechanism tb faster the development, of,neW Donvemiflon hotel devsloprneht Within proximity of IN Oami ltbYy t;onuen4lon Canter afd to ' esta4lish the necessgrj Il 1koges between, ttte i'ty'G core area civlo, cu}turol'-and entertainment *ma% In artier to oreatejh�fabnb of:a WO mharf dowhtawrt. y sinoe Rd inceptioh, the Glty Cutter Redevelopment Area teas i urtdergone dynamlt+ ahahge through a combiriafth of is W[q. and private Investment Initrstives. 1rxcSflng pri ed s which have trarrsfdrined'ttt®.atda.Cr►plus� ; 6 Two convention-quality Wait, both -of -whloh were the result- of public/private partnerships bvUben the Redeveiopmeat Agenoy (RIjA) and the reopective bovelopers M the 800-mars.Lobwe Miami t3aaah Motel and the 425-rm i R.oyol Palm 10 r i e • c rt f - • • • c i r c • •' f tcti '��`���' n'�1r V It - - ► • • a !:. r,� r tt�-� +�,,�t{ F,-�` � arse _ NVArl ` k ^ / : • � r • • • �,., ' tit; `t Il �QY I �, qi��<,� L7 i�fi�c yt'r.�✓�j?i.YJf� -rc�'x Mom'^ g' S Is .flItf � s l t 4 -14 1 T� 1 tii I tl l S I 1 I�lr3�� 1 ti r Y P t ` Fu i c y •,.:I .I - ,ia�T is d�v� s„ F T�ai'-�.J.�i��{ `l�i, y I I+i ✓)I�41 +tfl i �I -- �r,�,Rtl r�'���1 H4'`f'�`` �iU - ttl ,r v T t 1 fS�U �' Sttllltt RihZ fi�C5�4-�'' { C j ! �I ti tAJ �tf i i I Other IrnporteQt' projects Include the: 860- spade mixed-use parking facility built on'the surface parking-lot on the west side-of.0ity. Hail, which includes M1000 square feet of hiunidipol pfffce op ow, .the. lNploiAonf*otlon , of major street. and infreetroturo improverdents throughout City Cont&,. E valved at More than $26.Mllilorri and the acqulsition and renovation of three mviti- family Willi'ligs (Barclay, Allert 1-16ud%.Trio Landon Hatlso) to Maihtp(n lh(o stack of _• affordable housing In the arocay Tdx increment'Financing (TIF), through the.bate.of bonds has- 00oh *e major teal-for financing redoVefppment sbtivi M. To deto, four•bond.Ngoes hoyo oocun'ad•In Pity Center: one 16 004 far•$25 million, to adqulre• lend for the hotet'•devolopftnt Initiatives; one In"19901, In.the sm'ount of $*,-2.01fllon to fond.contraOV01 obligations alid:oa� Ital Improvements related to the L.oevr Flotel'and Cr'oftl Ridzd Hotel proJbtifs; one In 1998,. :16 fhb amount of $38.2 million to finance ospi%l expenditWres rbiated lb thb dbnVef0tl0h 'fiotM"Pfojaata, tho' CiuitUthl ' campus proje.o( and to risp6V the $2116 'Mifiloh OR opligation to the City; -and the- most reoent, Whtah . oocurrod In 2008, in the €mount of $80..7 million to reflnenae the outstanding dept serylcQ on prlor bend - issuao. The City-and' Risdoyeiopment Agency's commltmont tq upgrading and 'Improving the area's IhfrastCudture,. addressing',parking and:elrculatidnJsstras, and facllitatfng' . new development haS fueled •signifloant .new privilte- seotdr lrrveetmerrt In:the aroa,-avideticed by more than $$00 Million in new building permit nativity Wnca the area's indeptlon. work lla 81hoe its suodess In attracling two-0.0hverttion-quality hbteis,•the Redovelopment Agency- has. be-eh focusing its*efforts oh -a numbor of iiifNatives.almod-at.upgrading.fha area's Infrastructure, streets and parks, alleviating traffic. -and porkln congestion and encouraging-the produotibrl and•presehtation.of arts and WNW.a.otfv10es in the.ores, In 2003,,-the Redevelopment Agency•amended,its.•RedevelopmOt Plah:for City Canter to 8pe.o]flod0y .address :these 6Weofivss fin the cpntext of the New World -Symphony's expartsidn plans•.invoiVlhb-}he IY7 -Meeet'surface lots.and the resulting. Inipedt;to the Convention Center,and businesses in the area.. Tb We end, the Redevelopmeht.Agonoy%-missioh to to coordinate,iMpleM6nt and fund the P(art's obleGfives aria to complirnont the City'.s established vlolon, s Cleaner and safari 3 } 12 a t3'asutifuj attd vibranlr,° Mature,0010-reeldentlal com.manity-with wsli improved infrastructure a 'G4rituf if, t3rtiert thm nt no 0011sm 080441; arid.I000116nal oaittsr. for Innovation �U.lt0ea�r_td�lti311i��s=whila ' « M�Xlmi ing•Yalup to nttr,o4m'm4hity'ftrr the tax.d'otiars pald. rho fZo vait pm®rif.l 8t1 7.'8 pbjeotive ouer -the next fiva years .shall .fopaa.qp thb plarihlh and ltdp(emQhtatlon of oaphaj projects.ass�oalated with, belt riot alolteo to tits• Master plan tar the exparlslon of tho Convanllon 'Cantor, upgrading.stre6taoapos--and. related Infrastructure thrbraghout dity Cenfier and lhdreaeft the irivontofy of parldng facilitieo, Including.the pending oonotruotlan of a now 460-spaces parAno 9009 t4 he Iooat$d-on-2V sireef arid.Ooliins.Aveoue, doslgned by world-renowned gclfltoat 7.,.dita Fladld,The RPA sbait also Coniinue'te fUhd pubiid$grglo.onh-ancemonts prev)001 for under.tiro'C�mmunity policing PXngram as well a$ enwm the on-goip maintenance of oa ittal aseets funded wlth TIF. It should be nolod that thpt a majority of Me.popital eri Andem6nts set-forth in ttid A6de1valppraont plan and the 2002 Ainehdmenf thorsto, We-6p+n.,agmpief d"andlor are Qvrrenffy undarway, Including.the City OQnter. Right-of v1( fr provements,tht:�clty Mill.Facpanstori Garage,the Collins P�afk.lmprovements and th4f'clay61oprY w op-tho 17"Street surface iota Into the New world campus, Bitt��8+�t L:��r�FtltCtFlt� ® Basad do fhe zQ1 Ger�.ifiicate of T-axable•Vglue,from the PropeityAppraiser's abide, the raliminpry'yal..le i f property in City Center Is•aatu�ally projected to lnorease-by '.8a,�.avr3r�d12,-,MArkIctq the;15ird yelir in a row,values seem to be'bank on the rise, fiowltlg tyva. years .of deolihe, However, as in pta'vjdue years, the City 'has r0610104 i66kQnaen"fiord the County,.adilising of•the.,flnall�atlon of:the tax roti O the prior.yok, which in the case-of FY.20..1 V12, We* a.slight.deoroasa from fi,¢ Preliminary valu�itforr 'for tt►c sgnis year- an,d Will rosuft 'in 'a corxesporitllrlg adjU61menUred.uotion:Ili TlF revenueg.totaling$108;000 for 20IS1.14 vs $3.6 Million for 2b12113. Additldnpl sources of reuenuo 16cludo aii esilmdted $6.4 M111fon . Resprt.Tax' Cantributlonsi a Y mill levy in the otrrouat of $1.8 iYlilllopr:to be get•aide for tha Childrert's. Trust pursuant to :ari Intetldoal .Agre'e'rrldrtt, dated AuOu.8t 15, 2004 beftwoen the ROA., the City :of Mlalnt '13nach ohd Mlaml,bado County;, and an estl'rrratod$26,000 in Intorest Irfaome, t'rol Sil-r©jatod oKpen;tos aocotrrrt f(g apl?t'a trndtety$28. Miiiort which Inp[Udea $4.9 Million to bd allobttted tor'community petloing Initiatives in City Canter to continua to provide enhanced laver of•.btaffjnO-and setuicbs thrbughout the ijr%, and$6 Mllli;ori 'for maintenance-of,RDA capital,projeat$, On-gding and planned c;opilat:projects in City Center are projeotod to account for$1.8..4 Million in the FY•201$114 Budget,and generally Int:lude. 'd1l6dationc• fdr oonstruction bf the Callirts 'Park Qaraga, City/Conven#ipn Center ftht-of-Way„Storm. Water imRrovements, Lincoln [=toad Master Plan and Improvements to Fuolid Avonus. An additional $e7)000'Ig being proposed for capital. renewal and replacement proloots, Including repairs. and I , •I 13 i 1 1 i matnWhanoe td the Colony Theater. Additionally, $305,009,, In fronsfere to the Y Ponnsylvanla Avenue Shops .gild Garage are budgeted to offset the City's costs j atssoo[atsd with the:recall end piArking operottorls. ® Administrative Expenses ,total $1.9- Million, comprising a management 'fee of $1,198,000 which Is allocated to the General Fuhd to pay for dlrect and Indlract.statf support for the ROAj.approximately $660,000 set aside for an-going ptanning and conaulting work related .to the t;ohVehOW tenter exparisioh mestot plan; and $26,090 far capita[ renewal and replepoment projects under$25;000. It should be notod thM tho Maoagmertt Poo alfoaation is reflective of actual city respurc9s applied to the operatloh -of the ROA, as supported by the RSM McGladrey.• Cost Allooatien Study, datod 4uly'?p, 200% It should NO*be noted that-.Adrriinistratfve and Operating,-expenses.only oceount for fess'than three percent (3%) Qf,the.total bGdgst, which Is Weil below the 20% threshold level established '(and permitted) Ir) the InterlooalAgrooment between the-City.ondthe County. B The,current cofnbined debt-service on the 206 50erlas Rands and titre Parity Ponds accounts for app'q*Aately 48,65 Bl01116n ($8,4) Mlllidn annually. City COW also 'dohttnues.einuining debt aelmos payments on fho portlan of the Guff Breeze Loan used to pay tot the Bass Muoeurn expahalan and renovatlon,.and the portion of the Sunshine State Loan Program. used for Unggin Rood itnprovam'ents, which collactivesy eimpiunt for approximately$1.,3 Million. P Reserve line item expenditures Ihclude those Iter'ns that, pursuant to the existing Bond Covenants, may orily bg expended once the onnuoi debt service obllgations have beeri met, These include the County's administrative fees, equivEiterit to 115% of its r"pective TIF payment; and -the corraaponding contribution to the City's General Fund; equivalent to-1.6% of the City'4 sharer of it%TIF payment; and the remittance of the; -mill tax levy back to the!GhlWon%Ttust. t 5 14 5 i 3, i �m INK Ld AV' p . Ra c 15 i fJllafi!l3oaoh:R9dmve�Ip)Snt9nf•,Agency -City Conter keidavaloprmnEArtaa Pfop'osed hY2(i1.8f1'4 Oporafltio.Budgot i I 1 FY 13/0 130ge(o(( I 'FY10Mj. FY41(12• FY•2042M .Nrop09ed Vurlance _Actttbf Aolual Ad?.1od, l4yi&t FromFY12M3 Rovatjuas en`d-Other Sbdreoq brhrcaaiti " Tax tnordrfrenl•-oily 18,1D0,000 $ f.8,894,00D 3 rA6,000 'Pro)Adjug(ment to City lncremonl (1,Ay6,7ge). (1,768,R67) {f,a7qq,000) (94,000) 1,777,0007 Tax lifore"41-:09urity 48i"1'079• 14,201,236 19,$f A6. 14"O92,00D i'�1.fih,efOb: Pro)Aqustrhonl to Couoly,tnoremenl (4,2)2,3.84). (1,307,187) (1.830,006 (74,000) IM2,000 50,°fe Contdbullonfrorp Resort TAX, 4;g02,07.5 4,92b,1es 4;084,OOf2 6,388,000 102,006' '12,plum odred'a Tfust Odnldbullan 4, MA'30 1,481,004 1,67fi3Oo0: 1,431,006 268,000. InWis(•Incorne 0,201 8,270• 1310.00 P6,006 12,OOM Pund Balshco R681100000(Novi-TIFj - - - Fund kTalanor#Rbh6.wal Gnd Heplabmubrrl - - - 01hoY lnobmo/AdfQatmdnlW 81b8 YOT,r L RrWONUPP $ 3:i',863;781 3s,92A, o s' s6,771,008. rt ..4000,00 $ 9,229,a60 AdmliVOpereiting I?xpgttps Management fee(salsries fr benefits) 941,82'4 $ 052;889 4 076,0bu, .�• 1,03,000 $ 07,601b: $elerlga.klrfd 146heQis 659;301 $06.000 i6b;000 901000 Adved)gln9&pprorttofion 60,000 00,606 13661606.0dnting,&maUing '61 - 3,000, •3,000 = brWo.iupplles&oqulptpbnt 4,648 9,269. 4,000 4,QOO Other b*01pa 1,060 1 ro00 Meallno's&OonrerdAu''a 12 - 1,000 1,000 - bade a 4084dpfldns: 708 r'96 2,OQ0 2,OOb - Wooneas&Taxes - - Audhfees. 20;200 2b,2flo' 0,Og0 21,000 12,000' Rrolesetanal k related fees •00,031 170,373 241,000 029,000 388,000 ftepalrp'and Malnlenbnoe - 61,480. -9b,o00 'L6,000 Mlimallaneoua e9penseb ti,tl00 93 038 000 27 D00 . 20 000 'total p dnrin/Operaling E7lpenses 1,029,7 $ t,,270,644 s 1,AAO,aDO 5 1,901,000 G10,000 ->roject Exponpag ,ommuni(yfiopoln918Ei 1'12$ $ 2,754;3T4 $ 3,411,728: c. '3;741,000 $. 4,196,000 0 454,000 Dopital Projeols Maintenance; . $ Property Muml;160.0864 980;354 1,013,473• .$1,143,006 1,476,000 33;000 3anllatlon:160-69MS 2,092,149 2,6t30;48d 112,693,060 t,020,000 421,000 *GradhSpacdr 100.8.9e8 600,24?' $Y.e3,gao e32,00g 09,000 NWS Pr*oULtncoln-paik'Gomplax.CPnlinganoy V, - NWS W45jact-Gmnt-ldwAld 19,000,000 - Transfer to-fienn•Aarage Parking 7$S822 40,801 .40n,400 3061000 (100,000)• Tf6nprorlo•(?onn.-Gara.9eRotall 26;448 347,112: - - 11'0n51er to Renovel and Repiaobirf0t. - - Y06,160 $0..7"m (6s}8,000y frsnator to oepllet i,rojeGts 436,768 13.641 301 14 238,000 1 443 000 4 296;000 Toja)Projaot Rxpenhea $' 21,076,700 21,429,123 $: 23;5se,tl0a $ 2808,b 0' 6 4,4119ia00' 'Rap va and Debt Service Opl)eaNans I]eblServlce Gott-200e+'Partly 136n8s 8 0,393,254 $ 8,649,10g, $'. 8,4100.0 s 8,65b;0o0• •S• 1'30rbdq Currant babt Setvlce. Lincoln Rd Projeol 1,044,174 11°(09,800' s7,e6,006 8?61000' 40,000 Curren(jYdbj SgNjoy-6sss Museum 606 Q6a 602,7!Io' 60goo 647,006 44,00R Reserve for Cbuhty Admin Foe 92t,782 10.8.01 WON 20,000 41,000 Resew..p for CMS Contribution 2680.1 240,7]1e •2e1,0QQ0 2a8;000 22,900 (Reserve for ChUdrOes TrUM Cbnldbuildn 1.47.44830 i,481,b04 1,676'.6 D 1,031,004 260;000 Roserve for.Collins•Parts Pbrldrip Carbee' - i,45f,623 - - Ropaylnenl-PrWYrFuhdBetance 2;p46,246 942,000 842,Qno Reserve•for Future Projeols 304 000 90A D00 Toto1•Reserve find Dpbt SorvIce 14,009,679 18,02D,624 $ 14,TvA 1,264j000 TOTAL HXPENSE$AND:ODLIGATI0148 3.09A, s 00.286,38 2.0,771,000 43,000,000 $ @,Y29,000 l2�VEpi•(1CS-(:XpENSG& $.- 672,443 $ •(840,A00} $, $ ! :$, ' I { a 1 a� J 16 r j -Proposed FY 201.3114 Anchor Qhops And Partlno Garage Qpet' Qn0.I3trdVet � $ FY 13119 i PX10111: FYti112 FY2012143 prop036d VariBh'fie Reverir145a Aotunl •A it 1 1Ada toil >30u of i 3, p,= 3,130000 $ •Perldng Operallons $ 2,368,000 S' 3,079,021 ,S � � l ( AQiaif Leagl'n0 7.14,160' ou ph8 $706,000 1147,000 139;000 i interilal ilbolad•Cash- 3Q'6 100 08,006 1b 000 8,0 O i ( 'r'OTAL,.f1�Vl:N.UEt� S 3,1 ,80Q S 3, Q ,73. 8,7R3,o0R $' 3,09�",ROo .$ z x,OQ4 r Oherating ftanses! Parkipg-OpergUons $ 1 rf152 00 S 1,"104,971i 6' 2,0251-000 S' 2,076,000 8 -53:090 j t 'oai6ge Use-Foo(to.Lobws) 471,0'1'8 441),a4.1 A0dpo 607,000 .44. 00 darggo.Repalrs and Main(atonce viod0 37,()00 { fed s9;{e�seing Propditil Mlanalldmedl;FQ6 78,$17. 0�,1119 62,000 •l�e�Leasing Ftdphtr&Ma(nleriartoa a2,•o60 $�,.Q�Q , Retdi(Intomal'service Charges '08,27.4 B9,109 ,3940D 19,00. (18,boo) I Retall.Qparellons Depredlnllon 66,3p6 66,3011 $5,000 6$,000 I 'Mansoamen(Poa to General Fund 10,074 106,740 924,000 2 .'Uao 1,p,0Q Parking Operplibnp Mar"eoment Fop 180,074 190,740' 2�3,QaQ 224;000 �,000 i Retail Leasing Mebeparneryl pod to-OF - - 14,000 10,000 (4,0014 Transrer to Roriewel ant(Roplooemdrit 189,QOQ 220,000 88,1)00. 7rQnster td.Capllal.ProJeole Reserve tor•FuluraCIiplla(-PAhOng9peratlons k23,962' 358,66$ .7.udo (299,ti00) Reserve forFu(ure Caphal-RolalJ Qpera(lons 376,000 j49, A0.0¢0_ 3060 TOTAL EXpENsm 2a6=S2;420 $ 2,300,942 G: 3,y83,000 S 8,9901000 212r000 (tEl(GNUE5=EXPENSES. :S G78;9r(6, Il 11308,79g $' $ ' Proposed FY2013114 Nnnaylvanla Ave Shops.-and 0011fye dpOPMIgq F3adget PY 1311.4 FV 10111 FY11112 PY 20103.. Propapad ygrianoa Rayenum. Actual Actual Ado led Bhd att Parklrig'Cperalione 470,603 $ 018,901 62 ,0 0'S DUe.600 -66 1�0 Retail Leasing 14.7r128 '67000 411000 (24,9p9) RBtdijTarmTer(fM RDA Operallons Q47,112 - Parking Transrar.trpm RIDA Operallonet 10,00. b40,000 90,00 36?#,oQQ (10o,boo) " ln(prs$t Pooled Cash - .492 E i .r.OTAL RCV.ENUES $ 600, S-3 4,4091 80 1,490.,0 0 1,611,000 S 12,000' Qpprati'ng gxgonsoar Parking.Operalions�xpendllUres S ar,'0,727 S tu.029 S 802;00o $ 62MOD $ 2o,Op0 parkin$Adminrpass Fao 74,708 46,366 006 66,000• 2,0p0' pathge around Lease 23,66E 23,652 23iQO0 28;000. PorkivJ30. Mont. 0,60 29,401 1323;060 28,•600 -Addtlrporoentage Rent. •f $0 = i Giaratie Widgerridrit'Rid. $$47,604 $47t000 a1,0411: 14,Q00 Retail Addh(ogal.base kenl, - $.46,692 $278,000 22@;9OQ (49,00Q) Raltilrl1��aa,se Refit $278,448 :61,OD0 130,000 06,000• hetall•Rdmin Foo. - 11,137 Nprecialign• 0118(m Leasing CAmtnleelohd 303,000 - Adm10 Fee'(GF) .3,004 66004 61i000 (21000• ppnlingenoy $ 92 000 00 TOTAL:EXPENSB 390,047 $' , 01,840 S 1,48,OQO 6., 1,811. 08' $ 12)(100. RUVENUIM EXIIHNS1±9 $ fte0e: $ (%Idt) $ t 17 I i tl f i a I 1 � t ( a i CITY of MIAMI OWN , Ft,MSVFLOPMENTA•(MNCY , 100-7410 RAPRALPL!k1.•PUNo1HQSUMMARY PUNUINo pROdE4TNAM� p"16 06i y615N4 2004 4615r19 pjgH7 901101 pwUro -TOW 94p Gtfygqonin�tt4,ACpPprFa11=4!!4yd traleafefa ietilial.operuUorollroprovlRnlwpeomom ba2,oaa 4 •D 0 0 •a o oar�ro POo17goV' 1T(nhvep1 Gafo06 Gwl F4ctd6 hogl a 0. 0 0 0 0 xAoo;tmo 2Ao4ogD mmiftlfatn 171h6064 NO)1h*VF AviaWph• P' d. 0 0 '-9. 0 �oWA00 AOOVbbO ftw216wer 241ELRWO31(ohowuRoph+aWit '1fo;2b2 0 •4 D• :p D. a •n4fGa pkolf fal 400DIU cUntMnh68aabr�wWmt •0 0 0 4 0 !I DD.400 oD,00b tJ/cJl,yhV AlayepyRgltllo1f-V691rvmP{if y66J100 0' 0 d D' 0 4 a00,Qbb ptwadlrprp tduml0u014UecuiNlln09oloRopi44am4!0 106400: 9 o D 0' 0 0 00,000 oaaanlmetw 'mnih!Wattgp(tpmrf2ag1a1epMek• .26,000 0 '0� 0 :6 •0. p s6,080 f 1r0iquTedb 'Nuati Mutow IftbaYlall Dreafieroox R606 00,068 0 .0 D 6 D'• p -m ms mrbudnquxl DoU;MutWmp"tu91101fgiloWao 10". 62,bbo O 0 D .0 0: D 42,100 trmuar,amat BweAtuio{ml(jongakrRega e1r4v0 61,770 6 .0 0 .O 0 0 a1r779 rrmbAutpr sub 61UAvfD'H60tPkrnprt614ocomei4 60.226 a 0 0 •0' 6 D 00,220 rmlbouivd how Mullum HVAD 40PIWa(gord' M,466 •0 0 D 0 p 0 D.{rt6d mn066ehyr 11453fdwotunHydnu7cEtovotorihphrctmo 46,127 0• O b 0 0 o 006 ltmbiatrllr BatWumminitm ooPMkr4wgl 41,011 'O 10 0 0• 0. 0 x'7J0tl •pkobugpb7 oin Maitum lamb)opbcbOwntpn a %760.gW a,7W000 0 0 0 0 1,6QO WQ -+mbikslor a+rtMwpdmltpMC4pUofr.ondlrowmeg 07,070 0 :0 0 A p 0 07,079 .4ba11W6)i bac4`.Mus6tkFWo4xrOW6Nfn 11%R 97,476 D 0. 0 0 D 0 A470 ,r4Frjuctfgh BeadtpMWgrRpp4NmrM•a.A4navtraft 9.730 O o b •0' •tl 0 ttTdti •onabahwlrt Duldny4gflOhft1401 94OU G, '0 0• 0• D. 0 .64Yr6�e poowhoptR 8317bo 0 •0 a 0, •0 O t1?SOb phoblappid oloydappaW P4toll 0,060 0 D o d 4 0.00p ridatrloel owl}'1lherplohnouteBkodortllndad 0,1,t2p •0 p 0 D• :D D D7120. rreeidfbd6 C6iIF�lorglVDMurehbpldt>'OiNrrR6R 24,f06 0 q Q 0 q 0T6$ racetanrtt oOnY(chri'btc6noulattmtRnptarvu R61t 1Ab 600 0: D. 0 D• Q• 9 �4164Q yhgdl7ctr cdwffj40N,0ppfW.•1Y11Mro'D7l6B1PA 17,tl2ab7A ($191OOD} O 0 0 V O 1d,1HUd70 iVriimlo Q1bO9idgr.OAl.6pe1F901 q 060,000' •D 0 b .0 0 36000 ,rwrachyb0b 040tnhrr.OupDt6ldFlolal0Pp9 1D, .042 3Ap.000 6. D D. 0 0 1a,62B,iid romdtgwar Cfty W(N,bFbimpin 104oM.Wrd l,6BD D• 0 9 0: D 0 1ADA iryWiAulq COyA0WAYFHOtf o S'nugtt&xml 43j;l4D 0' 2. 0 D' 0' 4 406040 bllygallcgp; Col.'m opnd FJltieaGprpoa[FM}BCj .10ptt,O60 0' •o 0 6 D 0 900,000 FAsco0par 1ml-WPoMMd9MMpf6yam0ntl •4.QKOW 'D 0 0 D 0 0 , qw0 o0 pOmftWoVnp Cohnspa0 puWapQawpo 13;170,h71 1042,000 0 0 D p 0 21721,171 tni:otorio 1wpny1haat4tcoodchloOubHaplpoo 0 4D,D00 'd 0 0' A D A0.4" irudArihr' C6lany7hmol no#A1t0pW" 6 .27,0po, 'O b .0' 0 0 27�O11D pfsctirpbt Colniu'711oa1ar8tago l> un6ltatro7R p5A00 0. •o• o 'D D a oitvub rwmaohvclr ComaMWAdmtortMWAN0oarodOM 0 a B a 0 Q' 10,ODOOpO 140M.400 y -twalagmya hoatvau. 21.000 6 d 0 b a D w opo ponfoa]oq Wityat CdnpuA F!gbdn,T 001440 u D D A b a i2A01?,OOD 1L100AD0 trmOralpn DI(adldty61efK1f),%cboCm%tPDW 104206 0 0 0 D 0 D 1tib,706 rvnhambpo flimi0gotlalgAtbflkol.4bldp4ok0 749.100 D A 4 D D 0 76290d rrpgafdena awdanGt6la<L1Dn0eq•h'adafeaaa0Yi+11 19.718 D D 0 d .{f D 70,126 t✓tmllnwln lladolriRtlBdb1¢dgGalNlltOYoal9o)tlMf 2.61d,talb d 0 D D D 0 2,614a6s I ' i+ f r j 1 18 i I t pwa!Inalvn lWu!nRdtaMcwKrvgltdgctoWn;th 7v0.4D0 0 0: D 0 h 0 itrO,Odtl ."..nCrgtp Llaaofnpdhuffrb letOPDT*,landuo 62,W 0 0 a 0. 4 0 oa,916 pkollnldfl I:InrdnNegdtArid}ivlJop('Z1 i1i0,000 tl R 0 A D 0 16p,000, okeflnidl'a UnctfnlidedbUtl�VoAPod^tOlurt�aO�+mS )3?SQD. 0 p 0 D 0 07,8t0 tweAntltmp tAcalnRuvd�bgarPim¢u0t7 0 BDD,aBO, a. D D A' Q BODdOo rmliawmB UAW 0R0,dY1e>6ha6IAvtoiamxM 0 •0 Ig000,o00 i0,000M tr 0 0 70ADpoM 0$mwfpudr .Ittveo.PMPA21Sl iklmtt"we dodo U R D n a 4 17sAM Tnidnbbt mir 11kilI 60113 0 o D 0 0 O 4.604 momobexeP :N%WCklDandlfidOmMloRwt•ROR 00l076- p P 0 n a 0 6gals rrmtnabraer MfarOtVIlWalMiAIvmlSyd•R6h 8110.260 0 a a 0 ,4 h DO A tmltdAby,m #mot 0 B 0 0 6 4 OP,401• rTpfedc6pvl .P¢d�aylo¢Qw�tddwti01Sno1iPhV 00,000 0 0 0 0 fl 4 "fio Pkmnwogara Pon%vtyvfTh ftwSV 4vjjr4&Rt)QiW94. I7.p09,}]6 0 0 •0. a h {I IMP* POaPm loaY Pmfnrad[nl I munt4owo 0 D U t! 4 0 tO,OD¢060 10 D00.9p0 IN0411ci PC '�4eaatTR-WrJjAVolrvPtdllnq,MRd 41d,940 Bd,007 0 0 D 0 0 1AYoQ40b aPflbotanw egawdf4y81gnkalci@fQfQa{nndCpM1NCat 1,200,644 6 0 il A ancylob.p 7raAkU apladei .A0'Oft Q A a 0 p ¢ 46,DDD M4.4talrow. WWAVOMA16yhoad knPlovdmurb 760,004 0 0 'O a 0 E 760.000' 19glnt TOA96,060 111,070A0D 0.TAo,00D 10ADD.00 0' 0 o0,0PDA40 21a,OvDb6o 400 RDA•Anol+DrAlropNad imalicabryi Molwh4vfagoNORedaEryllad•1tdR KOO 0 0 Q •0 0 0 OO,D28 irgonobolr �r!4AM10eloDAfvlpVafpr,RDp(,N@n1•tt6R aOMS D 0 D •0 D 0 !6►,Oo6 YreenAlOp Jvghpraua¢aRopetranduptcpl• 0 220,000 D o 9 0 4 RlO,Oo6 It440ctdr ''AnOwOwgo Pool RepkMW R6A osA@6 0 0 0 0. ,O 0 WO nlerallhoB Atra6r6prgelSulKtmelEtptfldut D t6A00 :0 d 0 0 O i6,6gp AMAarx AmlwrOwpo to SAlllhm tia.Ipaaprgahl 2bA7.G a 0' 0 .O 0 0. 76,6tti poc40lv0er Closed*40TB10atsion4yaom 17400 0 0 0 Q. ¢ 17i;000 pOgjlls�loal' I oy niI Fngl(ISOFI MefJffpo! 20,10 a D 0 0 0 0 YD�,ODO agaMYcapx Revpltl+pConfrofZg4PJmh11 d .26,00 0 0 6 D 6 240,006 Bumr IAUA09 4Da 0DA 0 0 0 6 b t 67�,M14 , 407 -Mild 41W Penn OU1100 viWWYDAr 01estdOWAYnt6vWo 431-m go00 D D 6 u' "dravcopl 'RovoweC0001EgPPhpS61 00.000• 0 •0 0 D B 0 pvflo0 8utm 09,000 0 0 0 0 o a a d1,dD4 I I i 19 i r I � i 'I f CITY aFx)AMI,og,4r l AttolllmtytxA nenOgeT.arM�NrgpeNlY ' xoln,Captrnr,•puDW-PUNbtpJG �IMn{ntri' gas gtKcanWt1bNchplt0udd Cahltbl Prolbds ,. •pemPutltohtp :¢oltlns'bpdgPd hnado ad 12,242,OOq p{ttbossph2 bass Museum intallor6paCeE%ptinstori 9,750,00Ihf J pwispch0pr R14CLOO-Kudjd0yfclnipatL14,310U. fi9,ffp8 Mcehvl}4h CllyCenlaf•Commerclat'Olsl9P9B 32G,�0 By Ilotols Wicoln'Hoad Matto.Plan 6tudy. 600�00 fV(IF$yflfq cicvGRO11fAxesaJraas 930,s1 ;L7,237,0.076. �rantPora to.Ctlpltyt 1,040,78$ bass Museum PrOloui cdpltel-Sh4A roll 'ppAC1,001 PpOd',@#Ianca5harthD 2r9@Or12&' • f I:ouclJy2�h(Cr.�a•�talltittl(und4elnne�for'dasadattraroJacta' 2.2J d , TYo0s1er6.tp:Copital l roJoets 18,443,000 1 I I �I .n I ' y I i I " 20 a. r A 81, M- Si -4 8 1ig A A 0 R 81 C, a ga zo 41b cl 4:3 i fa A) C 00 0 18 IR t-i p cp rQ PA A tM 8 9's g 18 :039998 's t 2 8 zz IjA �(DU rA LA f3 ti CF o Li (, p t .Q log Ot tlzIto ' y a � o Ca N •W �'� on .k r N l � r 1 j t gg a -9 1 C`1 r ��©yy rpJ (ppT �pp �Oy (Q� �}Q`(71�� qN (may Wp.Lyw.Qy Q ��y c�1•t�� r'7• . Q O O• O f? fS � P, O V.'� O 5�'O � LA f,7 rl' Al pp ti 1- �t .a .A RA J �p a Cfa - 4 � 5 $ W �• � � o p 1 ,j, � cif qv, � � b:�.'. � y�. }�, ao eta. � J � � S t3 nl � N �,Jv � H••���„y( �lQa ;V• l!' !fin � 1�, p p � � � h�h iiifop001 Q �p �.o �i: t•7�.��oo�;�+' 4 83 'Ism, at Ao 07 40 In IA 1111b, 40 KD CD -4 0 lip lar, Ip ps a 8911 . .18 W-8 4 cot .0 C9 IL rS 02 N. r IRA in Li } r i lot. 'a, ff 3 �y �.. � r 4 r i i • i RESOLUTION NO, -868.2014 A.WOUITIM OF Tt1O 0.00i 00PON.Atha t1ltra MIks 91P THE MIAMI 13EACH REgE1PI"LOPiylEW A,011140'Y ADOPTING -AND 0PROPRIAATWO TIT OPWAXIM014110011T*VOA:`140 PITY CANTER Kh09VELO0► 4NT A1R A i rffI.Aft"601400a AND PARi INt'r, GAWE'AND THE PZPiNAY VAtQA AVENU9, � SHOP$ANDPARKING GARAQE FOR PISCAI.YEAR;20.43114 WHEREAS,the proposed tufty 0entdr ROdevelppMarrt Area Wdgat his bean pr'eporepi to coinoids.with the averap:City budget process;ano flti H EREA%the praposad'Clty enter Radeveinpprnent.Areq Pudget rptltaots•�ritialpeted con�truotioh prajootcQ ts.>h sddit(06 to opoWIng tend dd taarvloe costs for the tlsoal y6ar; and MaRMS, then prop6add bUdhata:for the A►riahot Shaps dnd P'arklag ©arage and,tho i'ennrytvi0hx A►vepue*ghops grid baro1ga heye bbeh Inpirida.0 im.sbpardte eohedUles to'the City Center Re'deVglaPm'nt•Ar4&BU'dgat,r4(,Wing ptajaAfed r avantt��and pt4AroliClO exper►aps tbr'$he flee@l.,'i 011 Arid WIjEREAS,the Executive'Direotor recommends appfoyAI.of the proposed Fiscal Year 2013114-hudgefs for the filly-center Redevelopment Arta, as-well as fgrthe Anchor Shops and ' Par}Cirt�.Gatdge�rtbl the p�ritisylUariia Averl�fE3�tigpr3 end t�giaga;and i . t�oGur I� > r✓a� ,�Ir IT Dut,X A4$QLV04 SY kl Gf I441R op YHb tAAi CdCN i L iv"hTA heabyr adopt endAppropriaw theopaating Wdgetfiorthd Ctty Center k d6iWopmohtArea,the Anchor �Shop"s and Perkleig,NeAgo And the Pohnsylvanie Avghgfi•Shops and Oa qp for Mimi Year i 20tm4,as fdi mi, { City CentorRedevelopment•Araa 443.U0.0,000- Artahor Garage Parking operations $�;imtodd Anohor aarago Retail•Cperafions V857,000 Pennsyivahia Avehus•Qsr400 Parkling Oparattohe $081,bp0 F'eiinsyivdnfe.Avariva G.ara�®Rst'all t:Dpere#ion» SOfiQ;t1,00' I i PAW--AND All O'PTl!` -T.HIS$EOIl~VIAK 3tlT11 DAY•OF 101a. HAIR SON } ATTi?ST; * 1ttNCORf'.6AA'f iyk-• 4 9iQ ,N- 15.- t!` APPROVeb Al TO PORM&LANOUAGE 8JECK> '1'ARY MUS: 27 1.a e ev sntAgcp tJ o 4 TWONPAf20IMSOP1400f 00RD&OUCLUT RRSO.200 1400ao 6r1 I C,oun�at i 29 ° i � r I R.M"xY�'1'—�h•:aM1SCe�ers_ee7�es.s,n.,,w,�,.u.»,•-4u.......,e.r—�- _._.-...._. -.. - E MIAMA pEf,CH RODEVELOPMENt AGENCY ITEM SUMMARY �c d®n d Tifrl :' RgsqlOtiotl '(herCbOrp-arsoAn . 0"WitbfR OppJapr1fi AO tliWoperavr1p budoets•for the•City Cent&Rpdqualopment:Area `ihe Anchor Shops and ('arklna Garage and th® l Pern 1 apla Auenu :Sho r OW. Ya r,1tQ9S I . ..Key! 4btti eidf Chu doh'a 5tt �ytgd; -. Imp.�ve• �Gi s•gYe�?II ranclal••4alth•t��dm@fOtAr34�®I'�fl�and:rslln9 •upp0rting Dhta:(s31►rtVdye, rir�nfip�,tel6aari,a�;)a i Onb of fhe.Olty's Kq Publ ndb�'Gtt OM04 W W AiRWe'W,411'4s ignpd.4nd-Wall mairitalned n0p'flal projaats and ip( strgtiarp, in koepftr�with thlO goat,appra$►rriOteiy G pe�cah or1p,G mllilon df U?e..propoed pttddgl i or Gljy Cbritaf(9 bdlti OJI0.003d.to4v8nte a�pital AK rendlt tas Ihaludf •neW aallftal prDJedtS;rodevral Ortd ro%ilttc6motlt,and mdt ran o ex[ti In .Rd :de Ital ihfrabir oluO. .ICe"�f[. 'u�i�idi. •fi0�tl`itfi�n d ran: '. , . .. . . . ha'prppoodd badgettor tho'Pity Ctin er Radevelppt�nortl A J'fdr isd�Ya�ra l s/ih hasp hen preps red ka ablriiaide with 0es@,urid tc pe[n Rrasepfed tb aedlst9n provia rtg a•do�ipl�h�n!I av cvlew of the d1e(ilpt;Aitdltfh.ObIlir,the i sif@ri►igA:drid APO ds$volal$d w)t'h St►g dpsr�tf ns°d(thd.Flhchof i3hopfi find Porking t atd�e pi;Weil ap thy' drutsyiVAnla Av9titiA"9ho►a 'dhd 4pra�9 are pre6NM as: eparate Whaduisa so as•v- ellailnato any perception{hot prooseds from the Faolllvs epnra.lions sib Rdgled wM'TIP orid olApr Trost Fund reVanrtee,. -. ' Be odgnthe201$Cecllilc brjoftbX8ela.-YoNefrom j PrapaftZppralspeo6flCe.,.ptePrali inatyvalueot`ptapei�r l{t jl{y:Contdr I$arnl,6alad�Intsriipab by ; 9 v�r:2 12: oWoJsr,;as 14 Rfi 004s yearn,tfti�91t9 hip ra lx�d ` earresphndgnpo frdra:the Odunty,tidvlolhp of the W112atlbn o (he tart roll for'tho pdor:yeat,whta 'in 11116 '440 FY 2041112,refloof s a slighf decrease'frpm the proftloaty valuation for the same year and-will result in awrrespondina ad(ustmenflraduotloninTIFrdvanUestotaling$164jO6O'for2413J14vs$J.gInlllioit.for IOJW13. Addl0669Ieourcelea. revetlUO Irtcludo pn estimated.$6,4 mtfll4n In Fies'ort�'aK�antrihullorlstal�fltlll l4vy,in the ainqunt o(•$t,8�rrillligh,te'bA: • eat_dsid9 fpr ttt�Ch idtbn's Truat,ptlrsuant t4$n inte[lopat l�l�Cpstgtlht;•d.teal•Augusts lit,�ptt�beltdeen:lh 1R�tA,1be City ofMfeml Boaoh and• IWI-Glade CbUnty,and•an fttlmatad a26,000n intersgllncom9.`ihe proposed Idi3114 Ciiyete F�@dovgfQPtnontAt?saBud9et4Qf:�43,Ob0�d�0i@$�4,QPOIegs.htpnYllpprpRoaotfbudgeYr.�gpr�mQntlgdbY ' thb axe; i Ne piPdctor oh.Sr�ptarriifer(�'209�,.:Fula de r d 9 tie rei#Wtof.e radUaflbf}In the (ty da rrr(� t3 rate 027 t!'yth'a'MaydtOhdCalrimisslnn.�it�tswdrkshop:l9dld'Sept�mt}t�P•23;.2073. th o(dar to addresp tba eI 0(no end future oglipatloop t)f;ili nt Area•1G'le•.rucoinmande_a.'utst'11Yd Reft.blopOient Aflericyadbpt.ihe atta Abaci Resolhtion which estatilishos the nperal)nlf.hu_ctqeth•tor.iHer Glty Coi lter, Redevelopmont Area,the Anchor Shops and-Parldnp Garbgo and'the Pennsylvania Avenua.Mps and eampe forl-Y i 2t�a3/iQ. , i Advisory nard jA Onmeadatlon ,A, Financial In o ai in: souk of Amount Aaoouot' Funds: 9- $ a-. Ob;Q O CltyCelrtar`.Radevotopmant Area Fund 2 $�,$0.6,: OA Arlandr t3hd�ss and• A.Ing.G000a. poratiohs S'f;ti 1,T50 POrtri9 banliy'Avewrtpe 56trps and araye•, ppr HdM [ FInancla ,I[trI sO summa 4! Cierk s.0m 00-40alwalt e Tra 4cin Max Skfar,.Georgalia 0anlels and.John Waodnrff RDA �iiitOet Aslstfant ecElkivA iti 48c . 13)rb 'tor 01NO (RDA)... : •treetar .0 • AB J KGS JLM 1�Ir ' T, OOVQWPudpet. 01 ]4•SUfvl:tloo. MIAMIRE M-O"H ATF i _...._...�_.�._.._..r...... -- �..w,a.w...�.�+na.�+,w��w,-ro•m.,ny,LW�r.,.•.•»���•79�'aa t 5 MIAMI BEACH City of Miaml Ift4k 1700 4z9nvegllpn Csplar gr>Ye,gAtpmt 2dggh;F[Qgq 33139;VAO.Y.mtpgu6egchll.gov RIEDEVROPWNT A I Y MEMORANDUM To{ Chrxfrp'drsart and Metnoere of the MtatYti ach Bede laprt'tent ftgdrroy FROM; Jlft MY 4.Moretesr H)aoUti a DI Motor UAT9,. SepterMdr-00,201'3 SUBJECT: .A R980� UTION OP TM CHAIRPERS AND]VIS�SER9.OF THrm MIAMI 00ACH REDEVEWPMENT AMNOY,AWVTlta •AND APRROPRIATIMI THE O ERATINO 8VPQ.4TGFOR HSCITYCENTERREbEVELOPIWPNTAROEjj ftL-ANCHOR SROPS AND PAKF (Nd GAJ7AGEANt)THE PENiNSaylrVANIA-AVENVE•OHOPS AND-GMA 13 pON VI'DOA4 YM 2015114. , ,Adopt:the keggl'ctioM, The p%pased.bdgat�forthe_pity Center Rr�devefapmantAr@a(RGA)tar Flsc�l Year xQh3/14 has bQtl p�tpdtbd tp.calriold'e with ttte overall dl buet•prc�cdas,and iS beln pt2ia�ntetf tads}+to esals in prp�iidln�: oorrrrehahslve.pVetvCdW Qf the distract.Pleads r`efet�td Atfdof rnaQrlt A Per the proposed budget et�lls; Revonu" RAW WOO 2013-Gertiflcatlati of'1'A>t016 Wud-front;the. Prdpatty Approfao 's Offlca, the profi��.ri��r.val��cf pr¢par[yIh Gl%cot7t®r is proJeot�d:�a iriCra���.by�,�°fo,Q�ror�it��;m�rktng the . third dsrth.a roVrV�lg iiipraA9dd;ualu io be•back pn t}i nse t 116WItig�w4 yeas .vf ddcfio�..Hewov`r,0&shave in prevloub yeors,the•C:Itsys�@m figs racelV.dd••nb fr.rn the.CQun y, advietng-pfthe•66012ationot die tax rdi•forthe.pHorya'ar,'whlohinthec�sioofOV2011/i2,raf *&'t. •slight.deg(osse from the pralbrilnaty Wlt Won for the same 2oar and Wilt rosutt in*cotreapondind adJuatrnor*tfradupQan in T1F revenues kata(Ing$1d�;00Cf f'qr��1$/1�vt�i�us•�3,�'m111loti'1'ar20'121t3, lAiicl.Itlbnpl9aurG�s of tavenuoittok,ide an t�etim�rEed�5.9 tnllilalt In Re�tir'E�'H�sr�ot�ttidllflbns;d.�mBl 10WIn,the amouhf of$1A rMIllprr,to hd bat er fde•f dr tho't✓}�il ran`s'Cru t'pprru'tsu�iit'W.eri lttitatl 661 Agreertlortt,dated August is,2O h botwban the RDA,the dial pf Ml�mll~1e�cfx dnd A►iiamt-oddo 'traunty;tsrtd•nn•ootimat®d ?5,i10. in irtitarbst tnc4ni e. �Yc'patadlPuras • ProJeol•reldtod expenses aocouht for approximately$28 mililon,whlGh.Includee$4,2 1t11Illon to bw alloculad for commun)typolloinglottiativds.In the City Centertoopntlnua ro0dinganhencedlevels of staffing and servjcea thtoUghout the oreo,and $0 rnilW-fdr ma ritenance V RDA oaptta! . , .. .. .-...,. -- a.-,. • .ter.,. . ' � 1 9npfornier0,2bf3 1 1�etleYal6pr�tintAB�n JvlvinarandGm ►pBOr/Og'Offtet for CfllyOenOr!OT.f►r2MV14 ( ,Rdge•�a18 preats.Qn-going and planned capital projects tn.ihe CIq+Genfe�sra project d to coo in for 1$4 mitildri In tlia f+Y 2Q13�R�t Budget; and tnalade altbaatians forta4udt{ot1'at theahlr� F7dtit Garage,the bass Museurh'tntarldrxpensi0rl rxttit Llnootn hfoad.Maxtor Plan Siudy, ThPs•ol�a include&$1:li00 nilllon dsa trenaferto:Gvvar.txiaroapt0 fund An deficit$: AM ttdltlahol'$967,00p Id trQIngg•.p[ used.fof o fr �rsr�ev�rat and ptac�man't pro Saks;In�ludinv tapers emit►rialritanahoe to oertafn ty-awned prdJaats find faGtldlad,Irreladtng.tha chorG�t ge and Ootoriu'Cttmtet.Addltionatty,$306,006 In transfore to tlira.Pennoylpsnia.AvenuO.Shppe an'd ' Garage ere budpoted to Ibe.rotdll Land parhltig:: perat►uns; Adrfilhi&trmtive Bxponees total$2 m1111err, Oompli4ing'a mdnq $mdilt:fee of�$11043,Q. 0 410h14 allocated to the taeneral Fund t'o pay-for-direct end.1hditbot staaupport fpf the AIM" 69,QOA to.r actuAl4peratingl oxpOnoes;apprgximately$62g,0i�0 eta lde toron,ehin ptatv►tr►g.altd potrsutAng work roleted to the Oonvehtion Center expanslon mastet'plan;aiid•$25;0 0.for oaptal.r�ansVslathild feplargmertt-tiroJ+� N under$26,000. It 1 hould'she npted that-the f+Aanagamhnt:,.aA t�llpoation is refiecttvo-of gotuai city resourc$s appllo to the Qpbmtlon of the-RDA,-as•suppol•tdd by the RSM MaRladrayCostAlgt�tlqtt�tyd�,datedJuly:2Q,��pQg; Itshpuld�;ti�liejbenotadthatgdrufnistrdfibe _ and Gpprastin&P tOnes only,00urit for Ws ihon four per4ent:(4.%)of th&to}al:budg9t,wh1oN Is well belowthe 20n/Q threshold level estatrllshed(and pbrrp1(fQ t)In tho(t)terlooal i4 irsainsntbetween the City and the-County. The current rombtnod debt iRmvjce on the.9005 ge.Clas.0onds 4hd the paft`Botids 06cort0te•O •apprordmoteljr$0,ta million anquaily.C(ty Centar.olsp continues p opMing debt sarvice pay.mortts"piy -the poillon of the Gulf Dr�eexe.Loan used to pay for the E1asg�MAseu►it expanet"h rarl ronovattah, -and the-padlon of the-Sunslilno stets.Loon:Program osod for;l lnoaln Road iinrirovarhWA,ON) ovtlectively.acoount far:approximatsty$1.3 millloh. Y esanratlrie,item expa,ic Ciures,lhOUdo thQseltoinp(opt,pursuapt toihQ @X�stilti �ipnd, lq+ldnonla, nlair draty Qpp, ed anW ie. l�nu�Idebt: tpe aC�ltgtlhs'Eiava.barl m ?'rl, . 1nclitd�.ttie Cou ty's. adtntnlsfC Ilya fees, 'O.WyWeN to :i..6°to 'df 1ts .reaPecyvo TiI:.:•pm.mQnf-c �fid.:(lij. don`espohding c;a'ntrlbutton to ttie-Gity'o'Gehertxl FUnd,equlvslanfto 1.5%,6f the itY's shale of It's TIF faaymanfi and tharamtttgnoca•af ill�e mHl#ox liev�rback:to the Chlidmii's.Trust, The.ravenuesand expaneo�assopletgd with•aparaf ions of the nav�9Y apattsd Parjrtsytvanls Ayentaa .6hopp 'end!Garage and the Anchor-6.l3aps arxd Parking dpiM9a arc presented as sepprptp enhed.4lea:;lrr..;b` der td e1I1. tnhtd- ny perception thttt proaoods'ttam-the fddtlltlo5'oper--OtCone are pooled with T[F arsd other trusf-und.revenues; trtr:har�ItiuR aii�Fl�srkl ,gg ftmaa 'Garage raVer►vos af•the Anafior d4age are profW d at boy r`A'M'ateiy$3.1 Million,with operaft (€ EtLxpens0s,( iclud1n d .rolailon,gntraatualvenVeSodr w ;`ihdAand hgaroTneotmail fd ;.¢ a m11fond 2;4t , vk ' a operatl�ho. to ixpaated tp geris4te.A. 7,00p l In.reyen,.eg;;.t al r ipg. f6orest; v 101 opelmup �itperi5es aseairlatedwlih dhe ratafl meri $avant contract,.rIri rslm6fiji is eicp6dltiiroe,.et5� rlepr#clgtipn totallnq.$'11t3,Ub0, as well as prpJect�d reservea•nf$741,0pt1, PennayrlvaniaAvenue•Shops.and Garage in oransidoFtttpn of th®fact that tho.PenntylOpIO Avopkm$hops and Garage•waaa taunt by the RCA ;on.CPty owned property,tits operation oi`the facility hoa.beon siruutured'tn the'ToriiS.¢f a gi`ound 'tease faatweara the City End the R-DA,providing temis.far hoth the garage artd f etall operations. . r i Sept'efrtber 30,209 ' t glNeloptontAgonyWraftrlqum I operating pudpet for t:v.0.ontdr For rw�4yM4Pay*3 ota the gauge-operatlohs indludo.iiasb rent and-an Administrativb fee, 0or15istent With ttiat of tho Anchor Gar g +Pdrtdr�g'OQplratldnalf08' ,and revenue siiarit botWo6n.thb Uy:�rtdthe ROA;rhe fietall 4Perptien's alsq trtdude taesa rent and me n adtriinisirbt�ve feet,as wdti a retell lease rats i bmsed bn;t0'Co retail rr►arlcetcaj�rates. Che fetail opsMons also inolUde revenue aharinq baMsen bo City htt'the RM. 9 Brie4 on eptimptet pf ft garage'at qutrVnt-y'deroperd1In0 results,and W.Ino lets o0psideratipn the BUCG'"Oul eix96tA16n Of�(aria 9�6bgr'rfoitt-with P06h'171 L LO.r for the eAllre WWI srie,4e,thb faoiitty I�anti0lpated to generate$1,ti00,0.t10 in.feven0s in FY 2013/0, Gompdi ing$.666,600`in parklrtg rauanttae and$650,400.1n retell Income, *HoweVor,0Inde the foollity is still.witidipstett to open 0opt p lOs`t(lorirng I"Y?p1:3114,iha ROA plans to eubs)4.ixe Its operations thratlgh A trans 6 0f $3013,000.to the pprftng opprgtlons, gxpenseo 'for the facility are budgeted at-$1.6' Million, carnpri log .pA,Ol7q iq dil'egt operating Agsts.far tha.g2t�tle i ind$611,000'ln lease.1woroloteo � ahNgptloris. gaNCLURION The proposed FY 2013114-Clty'Contor Redrivelopment Area Sudgetpf$43,000,00o is$9.4,000le4s aian the picposed badget raco=4anded by the Exevallve nlreotor on Sepldmber 1 1,.20.11, This dedrefto Is.a result of-a reduction in the citywide miliage' r'ato of ,0276 by the Mayor and camr sioh at ltsW(kohop held$Qptdmbet'23.201a, This mlliage reduo.Oon deareasa0 the'T!F revbn'G9e paid to the CftyCenter Rsd�v?�IopmentAree i?y the CityafMiami Bsaoh, 'this reduction in revenues vas offsat 6V a reduction in thb expenditure fine"Reservo fbr Future Capital PraJeoia;' I In. ofd0r to -Address the existing:and future o'blIUMlons In the Redevelopment ;Area- Ii. 'Is reoommendad thal the t2adeveinpment Agenoy�eclpptihe tcttacChed t3e9oitation,which astablishas tfie op�+ratlr c3arag �budgets for the City Confer Rodsvelopfent Area,the-Andhdr.Shood nerd Raristno. t�' e4 .thy nrlsylvanta Avenua&hop's rated Garag6 Far f 1f 201811A. A II Attachment, { I T:W4 gNAJ41�013�9ep{'omGar�UtttgAE�utlgot mama z�11'8..14,doa � ' t ' I i i i i i Y • ; , I y r f�t�t>til6oaoh EfiKlOvgfupmalhNdCrtbttpy , Gltyf iteir'C4odbvolApmontAm i pY 18114, -r(dllnWd Flf10l19 f1111 t'YZf192f1d OmpMd Harlem � k4tUA1 k�cfoal Ad'A+Llpd BUSH fhAm:FY'1011 _ R�{nt+ontteff alltldlnel•t)gtmpCil At'lnCgmp Tart Incremelnt•Ct� d6,3Z7,019 1a,3$7,8AS 1 10,ipb;f106 $ 90,04,000 $ 7AO,dAb Pro)Adjustment to 104.lnamment (t,�6;7Ye1 ' :[f 750,4' ' (1,Qz9; bA Cpq,pt�gll Tax lROroment•Doupty 1a,047,076 14,x01;E�fr iq,itil6,oQ0 115.992 DO 1,114,000 Praj rA4it (�,onl(o puny IpDreainnt (1,20.'aR4) (1,307,15T) (1,t15t{,000) (74,baa1' 1,5p2,o11A 60%•fmfddbt,UontfomrwkTp 4,9.OW 4,8�,1644 4,64QQO: 6,396Q, 7oxf►9b +u2Ml0.DhildfiA16!'My,Opiffidlon 1.474,0 6 (,461,ON 1,t;�;'Ib00 '1,631,0a01 •266,140 Interest lnoomq 9,!91 A,87g1 9,000 26,406 12,000 fund fialanC9 Popllgrglltan:(Npn•TIP)• a - fohd Ol IgnO*ttanoveat gnd,ftAplaEumgn! athbr(dcomn/AAdd��dglm'anlw, ••.1 - TOTA SE, 24,9M • , 71,000 40 ow; , Man P n i4fqg e getueh i bi,Mmlh) 00,04 a e53'+@88 # 06,000 $ 1,b49,pQ0 $'' 074000 88141leaAMOonalfw S80,A01 �06,0 0' 0 000 .00;OA0 Advol0eln6&prDmgUDn - K 130,000 00,MD postaaR,p{inU.!0&mallihlt !;1 3,00p' .31060. - f qet supplier&equipment 2,64t3 4200 4,000.. 4,006 gthprQppr6UnU 1,00 11000 MOOOMs&con(orodoes 12 1;p44• :I,000• aueaBauUacH(ritano 784 790 .2,6100. Man - U enoas&Tdxab AudU toed 20,200 20,26Q d'000 21,00 1r2,000 Prdfohslariol$,riilatatt WA 66,Q31 116187,8 •241,000 81 0 36"00 Ramehd_Maln*Artm 31,440 gq8.bp40 2t;, 6 (7M,00 aAlltrbllq�odb4•Gsrtlenaeef dOo& s3;Osti •dt(w0 R7, ,,,,,,-„- 2ooDa TomiAdmtidbpsni(Ine mmnaas •11 1,020,244 0 1,270,514 s IA40,4109 $ 11"10OW A, oA prol!wit cspanaos- CotdmunlyPatlA(n'190-t14 $ .lt7ti4,374 5 41411;72b 8 $,741#0 -t 4JR5,i40 $ 404,40p Vow Prop*0 IntJurt6s: Pidoortylal6ft40fO004 009,390 1,Mty,4 $ $1.143,o00. 'Ir170'000 33,000 6an1(81ton?Y66 OOOJ 2,0(Ottl+tt3 2,60b,460 112,693A00 Ot026,004 427,009 amgnspaw iaOwo• 604,242 87b8,00D 02,WO 681000 WWO ProfBWMgookf Parkomplok COftonoy - ' NW$�MpRot&Oranttrr,Ald t6,000,040It TrdnsteCIOWit Pgtd0ePerkln4 76,622 40,001 409,00 - (100,0eq Tmnofor to PefinVatogs Refelt :'6,448 347412 Transfer to Renewal apd hoplADomenl - 705ZpQ S87;Ogp (630d100) Tranotiattd.fipltalprglogto 1M678 13641'301 14236,abA Z8,d43,b00 420,000 1bta OrgODtd9rAAtae' 2t t17,z 2 28,1 3 & .2p,,3 a a6.00 28,0304000 1 4AS0,00A ttaRfavo and UKSord4a RDlldptrons - Doot NNW Cobt•,ROU64•Padtyaontta• 6 0,303;264 fi apefl S # B,4.000 $ 6,600,bdo ¢ 130,00 na Cunt DRbt:6ervlee-llnmfn.Rd Pfojsoi 1,0W1;17Q 1,103;360 VM.QDq 828,000. 40,000' tlta mnti WhO366e•6040 Maeum 6b6,06o 602;746 603,000 &0.060. 44,QDb Resptvo(4P OppuMo�rity hdmin Fes 221.782 1"661 1gb,0M 2M01000 41,000 RpaaNa for CCariiaWtign 263101 '4.49,ft 30'1,004 te9,bop. MOO RbaptvntgtRhlldrAn'6T_IDs4QaliUllwttbll 1,47q;8y0 1, 1,OQ4 1,6'f6,000 11031.900 A561000 AoOerva totColilno.NAPar$ing Garago - 1031,023 - ' Reppydt rOytor Yr Pod Wawa .2;0461240 - $42,000 342,000 Kosovo for KulureOto)jkla a64 Wd 3d4.q TOM 11Uaarvo and prebt hbty 0 14*0091079 3,620,024 K 11.1-60006 5 1319D, o .x ,Q 0 1O�At.iiXPMNQRa.AObWQATJONB IP .46,001..6 T, 3 6,30 86,"I'ODO 43j OA400a 4 A,2RU,0 ftRVRNUf-3y.kXI'eNOR� $ 072,103 3 r310,40Q) $ - i 9 I 1 . 1 a i i Pmpat;sd MOON AriahwShape and Nrklrio Gmrg4 Apea tl io budge; � FY13114 ' ryiojii i^l IJA F120121i;i• 1!repyW Var(anoa, I Revenues: Mom .Aria led'. ( Pqr DID nParattehb S Age 4. 'I'mmazi : J;04 A 94'130; Ratan tsnairlp' li4,1O0. 010,010. 870B0o0 i4i'(,VQ� 190,B1Ni I.nONOP', :d'oa'h' a 21r; 1 kz 2 .10 Ba Is S b�rnfana�panaas, P#*Ir*Drara(lopc 1,40�'Oil 0. -IA04,e74 0 P(mX0 R 2,p7p,.0UQ $ C4001) -Ahmppa U, fee(fiji'!Ohwo} V"410 A40,'41 40NO D b01,l1q!? 44,000 GGeamc�s i�e�aira00 ti A(ananov � $7,b00 27,OOD Rdlotl'i.Qa�etgpH{dp••_ Mana(1e�anrP.ae �rB�nfT a2;gte :tS1,Qo6 (s2,Diw} t?e1a1t1aaBfhQliopal lYCe'dlutEoneP: 32,000 221000 FfglellliUemd1991viCoClOripes 00,27,1 a0,toe ,dOb 16,000 (10,04 lgetet%tipyrd(Ionsh recJallArr 4$,09Q GO 30;000 tiB4O00 MaltepeinehfFf+&'tnilanarOW 1]111:474 Ile.740 MO. MAN. 1,CQ0 F'amkiag0pEKafbn4M�nt1&eal�Rne�i•ey 109,t174 i00;7A0 2 sIbUO' IWO. 1,4QR K®fall tp�p(ng.ti4anPpom nt t�eo to QF 14;OOd 10,000. i4,000)' CFenatar,)afWn4 landRe109WMant 102Ad0Q it(OW SUP Tran9idr,tbbapNAlprq)6Cta' ' $ sem eve fort"ul'ura 0apttal•Paddir0 opetalpna r 224jX9 .308,000. 7�,0Q4 (200.0001 1�expNA tfar F'ulare Cwlal-Retail opvralrOna 378 B 74100 58a OM YdYAtRkp)QN8&8 � 10 , • 6 11,,7 , S" 8r4BOr0p0 4 2%040 PEVMUA*%,gx000aas 0 i'ma,702 0 Pt609ddl Y 201140arriraylVOIn Ave lit►OPQ aniA WN00 C014111Ad BudOt p1'i81i4 ergo{1i PY1Uik P?fs01�j1J PmP0bbd variance Rovandas; Aelual Amal Budnaf. PRO.dhR apera)lona 016,961 ¢ 0 MAN 19,000 i I�etdll L6694W• i4T;128 Q?d,909 know (4,000) ket40 Tratlalve Omani RUA O&mtlonb r 347.112 - ill parking`tMA9d (Nhi:kDAAPar;'ughs 102,070 040;900 A041W. 405,000 (10010m) I'ntatem paatbd Uqh• 49? r I t6TALP&VaNWA �`gee, . , B $ , 0 6 ;Oeo. !,P U!m op»rallnR Eupgnsee) PA t 'a o)faralla0x R>!narylhurae. 3 zodAy d' 723,020 f '802,p00¢0 $. 02,000 4 20,Dw Palidn0 A0mlhftB6 Pee '1040 48,340 03;000 BNWQ 2,000 'Oe q9 0irdund-LAme AM 23,s0Z 23,000 ZU00 Qmklna6asaRent 22;052 28,56E W10.00 AIN ArtdcUpp�pontogo hAt $0. QannO(eAtull>2lfanlentk6 - 847,t3aQ. 64;i;g0g .1,004 14,RUQ IlWa(I A41110k Rabe Itept WAR Wifli000 224,Wo. 140,tt00) -Raltalyyt+>IaFtml- $270,448. MAD 1'88,OOp 06,000 It01011Admtilfae. b OTOAltOh . aes 40t} , Adman {OF}21ons' • . '3;004 s".60b G1;Olt0 (2,000) •Ciplindenop t34 (Bb.Qa01. YQT+�t.�1lpolgtiP.t1 d SOa, 4• tAd, i ?,. ,Opll' i,eilr OB i12,000' .. t�N►��Ir-PXP,t"Nate� '� 402,QOB � fz,'tcr} 3 . � � � . I i r , I 'i i . 1 I i I q i � W.+w•'saitRirmi—UNA�rrw+grmaM.�w�.,....--...............+........».... ii f .I MEVELOPMENT AIGENCY ITEM StJMMAR'Y j .Catndi�nraed'l'�tfe1 ; LF a{ytiptt of The Chafe arson and MO :prs df tits Miairti 13.eaeh RedpVejppmonf AQsnoy,adopling.an r' rj tngthoMIdtY►l i al h deveip'Vl Ont Agency CeRffal$udget-for Moial Year{FY�010/1Q and (tiles CO(_thi rPi tivorrient 0 6#ot�1�2Q9 81i4 M. b1711fl ' rite rldtl:Clu a Ma• u•. e. I:• . . pgur:wall dea tied quailiy 00 1tfli.EN Ow-�-Inepear'e Cafirtl'�ni . off s aaUo ttt 0(t FierYi0�8 9upparttnpat ' t,rvp}m, rrvtnmontt:t;Scgn ea!); asedartt e�0 agbmmunlurveX�ie�ntly j abrgpleCgd oapilel 'raJQQts ware ht hly Ydt d by ppt{i'rsaidstft ahrt bitslno80. In 410 012 One y arts t1dt?tillur.$.Wsre.t dillfled.48sprvla rtheoltyshouldr�hivenattoredugs; ndavauaaultypPptl6ucttpr�tlr►Br f uiasart00 tree feator;:.Idr�ntfiterf.as k�.y.drivers.of tav�rafl$a�lste�llon.le Vol s, ftet>n�urirllma ,< d'notitmah�ef9lon; ;hid GI W Aires d a&a plant far'O*Mdola.thst rent& .WO-niflannt WORM Investment-podle Intendedlo ' • serf+¢es.an oftfafaf Htatement of pubit'rx pallay repardt g fodg,rengs pitVstoaf deValoppMeht Irt liii3 tjlf�of Igrirj Beach and'thr}Miami besdh RO •0stabllOhing'ptlorlOes for thn u�corglrig fiy sr ripdf FY ' hl�» Q17/R8, TAO tlralywr of the CIP-18 rwommend'ed for approval ae the F�1` 1 4 QaOtal . t3ir�get: The Proposed CI .C-Onter'IRDA Cppltill 0..ud�et fWFY2b1:3l14 thet0fore totsls-$16.054 mlUlon and the' Promsed FY PrA a/14 0gpitai.j3udgat,for(hp.RDA.Anohor Garage totals$465,000'.`Cho PY 901.3114 proposad,Capitgl Budbet inbtudes�appop'tletlpne for thacOstruotian of theCallins Park Cara a;the sass I Museum of,161O Exppnslon;lrtlprovoments ta'Euolld•AVeriva,CltyOant4r$8 and 41nOdln f�oad MAsfer Plan Stud Ad4lj%o ' :boat d.'Re omnldnd�N n: :C?t1 JU(y 10;x01 ,fliQ P.r6po58d•4ta(aital' udaetand updated Gapt aL[mprovsmeM t'lan•wera dlsGlasyed at nfWings df the E IWO and Cltywf�O prol'eats co►rimlWad anti the propotied-©r�pltal f3udgst and OF ro sots,the fvnr}Ing reaamme'ndatfgns#torn that mooing, t fitYanalal Inform flo 5ttttrOe of A�n.QUt►t • Amount ' � c ;:• •1 tD16'A�'4.0 0 C . nterl� A ' , F ' � 6 ;0 Q 'Fil7l3,AnA Olt Oar.�ga ;• V(VO_13P7t1 Total T 410,0 0 • Fin�hciaf Imp>yak silr'tir>�arlr: . City Olvrk's.Mee Le lolallo TrovkInm ag- k ar Ce0r e a to s and J. h oodruff i AAA. u. "0941:DIr"or Axslst'n"Wil-adiar I£XOQ't ve Olro attar Inn r MA8 dvf 14,14AUKC36 JI.MW . T.1AGENpA1201313OpldWb6Y IOXRpA Oapit iI OWOOL Sit twaty!13-14.0c i f t 1 1r t.1 A I ...H. A�Q AfpAVA -M i I REWLYT-ION.Nth, .600-20114 A*ftg$OLjT'IGNDF'THI�•CHAI E!r4SON AND IU1CRM SW THE MIAN .EACH REDEVELOPMENT AGENCY,ADOPTING AND PPROPRIATING THE MIAMI BEACH REDEVELOPMENT AGENCY CAPITAL ISUDGET.FOR R1SCx YEAR (FY) 200114 AND ADOPTING THE 0AFITAL IMPROV'e11t NY PLAN V09.1013114 THROW4.2097110. � f11U1Et E~f1t#,4kio.2ntsl1�-2017/1.t3 CApitai improvement Pfan(CIP)fortho Mlami Reach t odaVAldpmt3tttA onoy(RDA)is artiveyearplan for P.0110 improvements and capital exp ondilures by the RDA,-:and WRERW,this d6oumant is ah Onclal statement.-of pu6li0,:p6llcy regarding log-range- phyafgai dgvelopmetiffn the G(ty of Nfiaml Beaofi;-and WHE.RSAS,to Propoppd Capltoj Budget-for FY 201.AM4 ltetmizae proj®ot(ands.to'be Committed during the upcoming fiscal year detailing expensoe for.project uvrnponentsWhioh include { Architaat and engineer,-construation,•equip►oent,Art In Public Places,and other project-cot ts;.and. k WRW A$,.dri July 10, 2d12 funding hoods for the FY 20WI4.Ptoposed bapitaj Rudget and CIP.were discussed at a meatiiig of the City of Miprril Beath Flnenbe And Citywide Prol.potg Committaa And the funding roaommplldatlgnpare refleatpd;and I � tiVHER-40,-the proposed RDA Capital Budget,for FY 2011/14 totals $17,304,000, including$67,000 to Renewal and Rpplacement projeeta;and iNHIEREAS, the prbpoead Andhor Garage ,Capital Budget for PY 2blOM4 totals 1465,000,1nclu4ing Wb.,0001n.Ranewai and Replacernent-projects and WHEREAP,is dopy of the proposed projects to bo appropriated with the FY2013114 Capital Budget and the•GlFfor FY 2018/14.througb-2QI.`/li e-gre provided Inv Atteehment"A°haretd, NOW, THEREFORE,'BE IT ROSOWED•BY THE-CHAIRPERSON ANY MEMBERS.OF THE MIAMI d0A0H REDEVL0PM15fgT.A(3ENGY,that the Chairperson ohd Members herabyyadopt and appropriate, the:Miami Bgapb �QA�.Capitai 13ud0et for,FY.2010114 prtd tho.Olt far FY•2013114 thrpugh:2pt7118, (PASSED ARID ADOPTED THIS 3e DAY OF SEPTEMWER 20 04 FAMIRPERSON N Att®stt €?�iWro At. APPROVED A%T0 SECRETARY ' taN 2g A FG GUTION TiVi(��NOA�2D[3�agtembcriallFDALhpiiat.NWg4�.>t�a _ t ti i ed pment goo r) to Qeneral Ctiunsel I ! 37 i ovum.wlnnMWmwr.re...rv,.w.r..r......n.«p.m.+...^......r...:•-..:� _ _ ...._...._ i r 1 M I �1 (A(A N Y •I• H minmlfRoch(I-�oY' G(Fy•af,ib►(0nti Ilene tPQQ Popyenilon Cantor Driyej fultnml bearh,Florl'do 33t3P,vwnyr._ r COMM SIGN MEMORANDUM TO. Ohairper5on Matti Hartora eoover and embers of ho Miami Eeagh Radevelaprriatit,figanay �,;,a,r QOW .,jimmy 1 r Momle%i:5x&Ot►4ve Dlr%tor •RA16 $QpIOMber: %2913 §lf9.90;A AROO^U't1ON OF`t'Hl~I FHOKPrz S 'AKIN NIRMISER.$ QF TI49 iytIM OWN RPktB1/1wk.bPUk hi't'AOF- P APPROPRIATIN THIS MIAMI SWO RERB'i!!~I OPIV19 L F3llq IOT PO FTS(A1, YEARWY)20111 $AN.OADdi TINOTNEOA PITA LiMPlWEIWENTpLAN]FOR F''�2107311�•�:2p1717lf Adopt the Resolution, !€ EtAC OR htL1 i Mannin „Par oa I(ai Improvements Is an ongoing prooess;ae riaede Chan a wlthih the..Ci '� ` I�ad ve opitt rtt t�Waott ORbA"),O.OltOi programs and••prionties'musi fee Od ijdfibd.The dapital :Improvement Pion t"6IP"1 bsrye$.os.tho.prri pIanr6b tool jor 6yetomatjoolly Icon .1ng, prfortttx)ng and jissigning unda to orltloai Olty and RDA capital dove►aptn6t,improvenientwand associated rteeda. The kOA oepltal improuethent plan pl aaeae:hepsn in fhe.sprfrlg who VI all departments." agfied:fo prrbp re ciapitai lrnpravw6nt upd,atos•a regdeota on.fhe•departnaeril'D;pngo►ng snd �pri�posa�f bapltal,pCajeots, Individ�tdl dopartr�erit$,prrapdta�ubmlttais)dantifying iotetttial •fcrhdiN AQUrass-and.retludsting'a6mmitment of finds lot Ili& r§$psdtive projedta. the,propoaed ddOuMoo i isreviewoo Icyjte Clty Mali agpt,ind.upgrvoppj'oval,:Is OuOmlttc'ltp the Finano;�•anst�itywleiaf?rbjects Cbinmitta�•and kttel City,'CommisalonJ.RgdeveldpmankAgeridy $.oard figrfinal aporovsl 6nda- dgptign, Thp QA-we' OnAwd*0 a pp10--i'o' projects that'taglairr�•�fgniflepnt capital ihvostmaht iand!s Inkandsd to.$erve.&a,.pn,dfflolsl stotehlant•di putalio policy regarding larig-rtne p(�y9ioal dev.elopment:in the clf�r of Mlitmi Beach. 'fhe GIR sppc(fies and ds&Gripes khe City'0.capital project pianA Qst0blt,has priorities far Ma.UPOOMino.flva:yaarperiod, (ndlvidaal pro)acts Within neighborhood areas•have bean combitted'to Crealto"pack 060 of projects that addteas the.heighberhood need&. for ipfrastruclure upgrades, trIATfio flow, etthtiactatriarit�,Etc. Th1�@oitfprohehalvd approach iYiir�tritt�az9 cflstupttons end�'onorate�costs savings. Ttie ,projects address many needs in. dlffergrii areas,of the f faoluding: ndighborhobd enhainceniontB Bauch a& landsoaptng, eldsWilk ees(oraation, tra Flo eafrhing, 1)8hting,pparking,water and sawersystem intprovOnfents,drainage improvements and foadway .resurfaning/.,reoonMrOfth, park renovation and upgrades;.and constrootion or renavaticn of i public faailitias. 38 , lily Crth mfs9lan Mgmoma6m •RevNUIrerIA00 UWY101011g 001b thoHPA SQptetn 600,EOi.3 [ Aegq Z I ThOAdm(nl6Wtionis-pr6.4entingthe.proOo ed'FY2QIlti4Cup(falHud4etghd•ihsupdsfedOIF' fqr Flt013/1+t.., plan 2017/1at fatiowtgg'anmprdhOnstve revleyr t?fthe,Clp to i�tsur0thtf}ta acouratel} re(Iects Gilt pWWt budg0s,rending sources and'commitments,for adoption by the City Gommleslan'. Capital Impw6rdw Piap: The Fk 2013-N..—M7118 GIFT forthe City.OfUlaml Besoh and the RDA'fa Ea fire yaorplan for ptabllc Iniprovsments'enti•capital expendituras:by tho pity an'. the MIA, 'Phis dcoment fs on 011116141 SWOOP of putbilc pglfGy re$ardlnp Lori •range phyal' I dovolopmerit In the City of Mlgrrti't s�a417 art .Ihe'i�DR+. TYid riipCo ed 1 �jp�ti -ldiprovetnen!Plan NO beam updatOd to inoturia prtl�eol;:#ihdtwllfbo tactltte utintl;l�Y•� 10l1��°201�t1t3. The Phan hO been updatetl'tc inoiude ciddSttoriatfundlhg souroga'thdthave f34norhe avallable, chaVes In projab4.:fiming,,iand.iather adjustmenta to-ongoing plojaato as thoy have liaaomo bettat d6fined. •certain adjUstlna tQ. hava baan made tv risfled p'rojeots that have liOon racnnfgured,re-titibd;combfnad Wither tsparated�rcn1 otliat'pi pjacts.Ond/arpraJapl gfoUpings T and are the result of a oomprefienelve'revlaw of the program to ln'sur o that our plan acourately r,Gifiaots oil.pfoleot budg®fa,funding sources and corrirhitmOrits, Avullable Capital F.eitiding Bated aq thoQ1 S f3GirfiQad Taxsbi .liolu0 c►f{he:�Ity Cglter RadeyOlopment Arid(RDA), prapeiiy Velum taa'v0 rlaeh 7..3"�a for FY2016'/9.4,hlet bi°opei tlr►g.costs the RDA vi 10 gsherate 9 17,304:milltdn ih avail bia funding for.Gap(te)proje s in the dity Center PDA.. Proposer#RPA Capit.41 Oudget The 0tty0erij.orRDAPY'200114•renawa(,one1repplacementprojeats total$07,000, In-addition, tha Citjr GgntGit'Etl��i"Y 2ti1311.4 proposed Ctypltal Budget af.$• � 7,:� �mlulan:ihdiudhs• ;$!C '2 trlilildh:to f�ln tr�,for the Gonstfuotlon Of t(ia Colltng:P.Ogr Carnge, $NIS Mm111fnti far the 3a$s:llfl�is�kim I6tartotempansian,$60,0g0toa the uctld:Av6ftd lm .rpYoMo.fG;$�26,OOt)for the Glty Con%r ps'prpject, 56° tl • Legol Fspgossgd d VjIth whrilbg lificraff'ohon the itY Canter 9A tea®dt arid 00010. 00 or the Lirtirnln Road M19A er flan Study: Ph0'Awho Shops rind,ParIft. wage Fund.Which la-separate baosus6 it is Oat pd&bf thi TAX increment funding ofths RDA'I100 propnaed oapltaf.proleota of$'2"'000 fpr Phase it of the rapgrad0 to tho dated 00 Ing retiatjua contrEdge. tm 25OOprettiadu it FjlsH ha;;s FV 201 Y14 ts it)WliV$22p,000 dnd'�260,000 fior.caOltatprojeat�•In th .Anohor ToeAdMIM tranon.rec6mf�leMp adoijlpn.of'tlta"atEaolled Re1t 0Ihtican,whtgli q$#apli5hes the C�app'ital:l�ud'ct for the RDA for FY�q i3/1�i and ilia l:7apikal imprpvemenf i�'rnOram iar Fly 2tlt�/X9,17118. ,II�M/KA$ i T:iAGLI4�A�2U1�ISeplbinbe[30Yt�ALapllal dlldg9tnlBltilorl�,_,'Sd.doo• 39 • i � 1 k d i 1 ; pvniunclsn Uosalo Md LaudsvapindCoUolclglAtuh 100,000 p 4 0 '0 0 0 160,00¢ lvblrgcmfp tlnodnllo.Me4FtWmLtnPOmprl'oWswit 8aatb 0 Q tf 0 '0 •0 9a21tk pkaldlydM 1.Oto0lgAudLYnflfCe AO orta.11ii3 4eQQ60. A 0 0 0 '0 4 MAP pNtttmd(a I.WWAAMWA0Atk 3*4pahay OteOp b q u tl 0 0 67.dop iwtMonnp LlnadnPimilMAIWRaATUMV Q bW,00D 0 P 0 4 0 600,900 tvn11AW?gU vw4loldowaiwe"AVtoLOMKAvO 0 0 10oW000 10OQDACb 0 0 q R9Ab0.bDb pWrttolpubr wuoptofAliet•04++101}AvNWo 109,hQ q 0 0 .0 9 '0 W6Qop mnrlilLomlr Aflag4CAyAsrCtF+nfftlOMRoo RgR 49A89 0 p 0 0 0 n 62abs }rmmatwxar lNomlCMyp'olblo>JOndioRoxldlaR tiUA70 A b 0 a tl 0 b0,e74 tMogbint •h11at1d City 0000RMAdMSYS-Aft RDD,460 O 0 0 b b 0 266260 trmmadiydrq ¢Vo0►�a/11s9F1-1AIddCdP?RlocaMeM•R6H MAN O b D 0 0 p f8,49t mpedtcot► ptdllalasllPopnlQovm$Ipnolq'PhI koo o q a tl D b 1e,066 PlmnweQara Pinnsylvr�OPlowWarldohr000ti0-41 VIMM?6 D 0 q 4 a o i�,bts,l0b pgapmraq •Prbforod Lai Poltln9 Wkgrj 0 .0 Q' p 0 0 70,Oo0,9D0 40,0O9;000 Pwbaudmpr 'A1b,ob0 4M,poG 0 0 b p A •449,07tf 01IMMb446 BOgtvplL}IdtaNColQ,¢p11CdMs0ono10af IAA.Q? 0 b 0 0 0 0 (A AR on6ltuWtp 'Abs1i ho9epiA49b OW4 Q D 0 0 A A .2w.0 towoelrow •WokitvosuaJpnyltoadlp�Ptgvam4nlr yr000 U 0 0 G D 0 940,000• bum} yb,0ab,b60 Ayso;000 10,Ob0.tpy 0 a 46,9,�OAop ;)ap►aolo 403 ROA+Anrbor ChWVo Fund tranoetmp AtiftlQ.cra4anICfloo o491W•R•sn 06.629 o o a _0 .0 0 e9420 rraanol)Ok Ar*goaigd Clamlorhookstrll•R4R WAS5. 0 0 0 0 0 0 vpvi6 trganoA10A ArlobbrQjMsw oPAlabnd bpkept 0 a00,000 (f p 0 0 Q ,42b,00o rmturottre An04OernOgA glivplo nl•haft 04,5 0 0 b .4 0 '0 Q5,644 Mnabimn A4d*O"oSlWYalEftOWdy .0 26.000 •0 0 A 0 A 46.adR nrlsgw, .ArrwEMpsFlm.GWomkobobmeul rbJl40 0 O P 0 Itcy 7G,845 POoaat pr clotodgmoli4alevk4a6ydbm 17A.800 tl '0 0 0 0 Q •1'r2,90o py4ppytpsl Boy otl.f?+?1 imp)?Aiddnpt 240.000. 0 0 0 0 0 10 T6gMa .e0(0lrc4p2 R440IlUbCOA06kftNhOl*U 0• -940,09D G 0 0 0 A 240000 abort '1,0.'18,103 Il s,000 Q' 0 0 0 O t,s2$,a09 aor {r no 46Y Pon QAmga �a UO"vy'b1 41at 4"ATolg+4dogOytlorll 2o,Ob 0 .0 0 0 Q 0 mgdrdvoael, e1bgl*btOglkltiqp,'Ph@tgF '60.000. 0 6dmr tlao4n 6 tl o 4 Q 0 •0 Oyu ' r 40 6��',�Q�,CI�'t0�41VCD :596:�01ti I . A ROOLUTIOIV O F`THe CHAIRPERSON A�lC3`t EMIAER4'0F 1 V..E Astiilt BEACH I miH REQIEv� o0mEtA7 .4 fNQY Ai3Qt�`�t�6 AMD A ►Pf1r31 R1AT1 loTH Ft T AMEty> f�I tV YQ Ywi r�r a nN . 8uDeaP_ al THr"crrYhTI*t tE�1i1t�I�C7i?MN '.4REA,. O i FISCAL YOAR 01211.3. WHERS0,.the.City 0enter Redavelopfp.Obt Ato'.4 udgot:fttt Viso(Year2012113 '. was adopted on Ogptamber 27,202 Via.Resolutibn No.588--2012-i and WHEREAS, the, proposed City Canter Redeueiepment -Area. SW94f roftebtS antlolpated ponstrogtion profoot rest$ In.addltlon.to operating VA.OO.i so.'(ft 000 •for 'the fiscal year.; and' WHt;:REiASItheRedevelapmentAgency.adapted on Uho 1 0, 20�3, 60,914.a puplio haarlrrg to.aans(der: ie'flr t' ►Yiotrctnterit to tfta OY.20f21i. operating Wdoet far the.City 4enter ked6e etopmant.Ataa;and WHEREAS,Iho Administration xemmmends edopting find,a prnprlating the Mrst 1 Amendmenti'otAoRbAbud*gettorefi,ec It blease. i� c�rrdit4it�srQlatve.ta:th Corivdntiiin GenWr�6hanoe1 oont and'i;.xpansfon Projeot and rogl estate taxes asseoleted with U040 ! street,whloh will-be offset5.with irtoreasod resort wx reverrue>as.wall as funds esorowed for the 2011 real ostate taxes for 340.2-S gtreet. ! (4QW,THEREFORE, Bb IT DULY 14ESOLVECI BY THE'C8A,IRP9k$0N ANP MEMBERS THE fUllAMt LEACH a gE1(C�I�CJP.I1ttENT AQ Pt. rY,that the Cl��alrpgraon and Members of.the Miami-Beach..RedeVelopmiant-Agon6y hereby-odigpt and appropriate tine first amendmant'to th'o ep'orefinq bltdge'tf6r.the City Cantet Rddov$Igg iehtArea,for �ia6a!Yr�ar 24h2113�}appropPiattrtg an'�ddjNp�nai�628,7�ifi: . ' 00ginal Adopted Sudget $36,771,000 Proposed Rmendmeht $ $691,000 t Proposed Amended pudget. $37,340,004 f -RAS00)AND AO.0P.T5 HiS ir"DAY100 JUI:'Y,2 13. 11NOORP DnAT5pt. : c ,,iyce� ..p� i '•(;��4 �yy��p� �y A�I••i�iRKE I AKY �''•�... .o ;�1�� , A Pi�4yt%FEW��7 V I 1�� M&i�tivt�UAa y:�g43END1N'lG101fiAy1711tUAplmFAmOndm,n12012.1 "�tt+X•.�{• C f,. Ao I ter` �d/gh�fl.� G V e Nt +0 ome�G Dota I 41 W�'LS@i•T��+�M2By�MMMMw,vaaa+�.v--++'r.-..w.r..�—.��.i - _. MIAMI BM-01 REDEV�I.OPMENT AOENCY ITO.M SUMMARY ' i t3obdenmed Title: '� A Raw tuft Of The t haPperson,And Merni afo-Of The Mlaml.peach.RoO6V6igprgent,' enr*Adopting And I f Approprlating.Tlje.- first Am'oNnIP�t.TP The bporating 8u'dget FQr The City Center Rpdevetopment Area,'For �. Ko•-11rt1'e ' ':outc�me�t, ' r6e• . . a mprvvat a SYsf$llttnarr . •h l.n jljd 011Mal�.ouer l}.b4ndiapng Nu a a ortlhg Oht (gurveya,1500oumen%l t;00, Itemu+lrtflt 1 ebp fiend itt et: a T.hehtt g6110i k { 'GAnfaftR�tia a lgm�ot' -q'�OWA fdtFjsQ l A201 f 3WesepPfrAtedmSe tember 21,2012 WIthjhA Adoptfvti.pl'� ablu t�h'NJt.G�tl-"�.O I�r rtle(t�C($valApmeOt AttQttCy dop dT a&ptut<on Nq,•6b - '; 2,Q13 on dPno S.2013;sotIng el public fienflno to ogQ61der the ttrat amendment to the FY 2912113 operating budgQt for tho City Cdh.' Redevptop jpjtk ,tea.; ; '�teHmAttti'msnttaflir#:pgerr£;tfitghutlgstfbr'c;itgCenter•FieiteYatop�ari�Arbn�t$bAing•donetQ:eddressincre3�ad ; r expel7sos�(trlblttad xrJ ttre agraelnenEw)th t3lrateglct Adyisary Grnu�(3Ata�),whibhis for an mount Hotta exbeed $3 4;943.44tfirdugl Juba-201�4.Thd Red640mkAgenoybudgeted4tar0,06In the FY'a2012(ONdgdtet0 pl dehplddr tp:(und...1hI$ogteemenkprJq;to negr�ttgiipp gnil Opprovino.phaae:A•nf A 'p uantra.Qj. 1herefare,an additt9nal Ati(SQGtlt.gl' p�rpttimgtely s,�Qp Iti',rdglyJP .!�fund .'a rghiaafnlri9 poMbft bt6AVer agretirpent, i Addltionol 1egW�ervlcea ei�-a sa gNolp�ted.(ram ou(slda copnoel tb draft the develapmerlt rgrooment,grbund leases, as i;eil as othar relatdfi Wtrd8ts b6tid red for the Cohvemlan 6entt�r E6hanaemelit•a'and.FaFpanaion I�ro)eot; T.ha l�dgilelopetent A�(rattoy nlsa expsr�grlp�d un�ntjoipeted•expanssa pesoalated.u)titi the paymen#ofreaipstats taken for the.ptboeri 'Idbatdd of 946 23` 8tt'e'dt."ThfO prbp9r',Was,puroMspd ftOM Arhi bg ri RIViera ROW E�a(e. ;?mpnhy(AigerCo.'gn KfJlera)far fhb dpvalopmant of.the toitlne Park Caarage, The oily en(erQc(into a parking Pern%-Agr4e.tfi itwlth Amprlohnn RN(etafor ltn•porhtintieV use of the surtaca•pdridng lots at this tocatibh, Ptrfsuent. to Reotlon$at the Agreernent,Arnericpn RivIera.10 reqqutrdd to ppay'alt rsal estatfr tax+as:that s(:e Imposed'sgainst the property;Hawevdr;real dsta itd taxer•iAtato not pate for.2D11 and.2QJ2,Whidh.required the Redeveloptnant 1 Aggpay'to ppytha tQa(ca land:Rrt?ceeQ Co 10g4e Rrnpilcan Rlvlere Q NoOpe of TerminiOpn. 'rtie-sonxpertsesefdpff spEti fu'Qdo 2d,:40 .4fa;wriiCliti�Ardescrowed.atCiopingfar201^i property taxes f`dr14a prepetty bated at 3�a 23'� treat, �tttcltt(opellly,figsort Tta7c•Rgtrtta3.i0 projected tq.be.$t?,221.,$46 W(t(Alt•is $41"940 ora.tttan the bid sfq amount9f a,$Q ,040,T' ese pddttlonsi myonuea,wili be.used to cover thereat estate texee fdr 840 23 SWit acid Addif(onal Qonsdltfng And Fegai a ensa for lhh Obnventibn Center nhanceiraW 'nd'U andlan P.rc etlt. ,Adtrtaary l3.ua'r'd R�aaDmtnettdatfan . N.A. . . _..._....--�--- Ffnirin larl A1itoX atidn: fourca of Amgtmt Alact�Ecr�f. pugda: $4 0; 00 168-1086-000312.(Profe'ssionalsorvlc60) P. ,D00 G8-196Fi p 38s(Prep; -. eatgt) $7, $111,000 Repayment—Pr1orY.r Fund 8161ance. a , wJ—. 6-0) .tion-of ppafetirlp f arpertses OSPI Total,• �009;a.00- Flnanclal tmpaot 5umtrtatVl 'The amendment Is to Addrboa Inoreased expansak Which w111'be offsot with incrd'asW resort tax revenue. 1 .i f�leek s Ofi`(oq I.e i$tative TlraGkln. � • Max.tear F- .6116 'xaeuElye $ it t air' r DA rep r(RDA) a tf � o13Wulyi7lRDA• �an8mbn 2-•13.8umm a ' I ( fMIA MI A®ENIaA(TpM 1� 42 j I ' I , 1 MIAMI 9EAC., H' Glka/ot°,{�itdin111r�agN,�17QQ�ppvonlloR rW!1or Rriva,lVlioml Aeecl!,Flotidg 931 a4,Www,mfa�ilwnr��il,gay , ' i. :D V l;OPNt NT A h1C-TMEMbRANDUM ; To:. Chtilrport;6n and Mellibers:of•the Mi-90 Ach R evelbpment'AgenAy m0ft Jftnmyl,Motoles,EX00(vo.piredtof pA-Tel% July 17,201.3 PUSL.IO HEARING SuttiWT, .A RESOLUTION OF THP. ompandbN ANO MBMM. OF T.M.MIAMi PBAOH l9�D?_VRLI 0ME!RT- 'At WOV ADOPTING' ANI) APPROPRIATING THE' FiRST AMENDMENT TO fft '6hSWING 906P.T POR. VkLt CiT? CEWtk i iREDWEL OWNT'Alklak FPK t✓ISC AL.'YEAR xMIM i • ' Addpt the Ros6f(Alon, KEY NTENDE,ta p,,,9TOO—Mll SL.1pF90W I i Improve the.city's11nanolat health and-Milntain overall.band rating. -AN A Y 18 The bud9et•f0t the Cltyy Coriter Refdevalopment Area'(RDA)for.Float Year 2012M.3 was approved on SopfemEier 27,;^012 with.the.adoption of-Resolution No.60-2012, ' City trentor Radeveiopn•ient Area revenud,sources ino(ude City ana County`Tax tnerement,lkesod TO tiantributlono; -ai rnitl. levy sat asid'd toe the Children`s Trust pursuant t6 ter! IntorjoO.0) Agreement,-datgd Augtlsf 18.,2tia4bstwaen the,ROA,the Gity.of Mlaml Boesch ar'fdl lamt.IJade Cbmy.,tied an owimete Intdrast income. City CentetRticlavelopmentArea.axpensep'Include cornmu0ily p�lic(ng Init1011 s►n AityOenter,to continue to prvvlde enhanced levels of staftlgg•and servlpos throughout tho prea,capital projecta and odrdenano of RDA capital projects,Adminlatrative Cxp'ensas comptiaing a•managetment fee ,allocated to the General ftnd'to pay for..direc-and ihdiroct staff support fbr the RDA;operejing expenses;'&set estds for on-going planning and consulting work-related to the Convention Center expansloo master plan;oapjtal renewai and replacetnent,prajoots under$26,0D0. The City Center Redevelopment Aron also annually assumes the combined debt aeryled on the 20.06 Varles Bonds and:the Parity Bonds aocountafor approximately$8.4'Mllliorl ennvally. Clty Center also-eonlinues assuniing-slsbtservice payiTrents online portion of the Gulf Breeze loan used to pay for the-13ass hliusaum expAnslon and renovation,and theportion of the Sunshlna.slata Wan Ptogrem used for L(ncoin Road improvements, The Widevelopment Agehcy pdopted'Resoluilon No.695.2013 oh-Jurle G,'201%setting s public i• hearing to oonglder the first amothdmertt to the FY 9012I13 operating Wdget'for the City Center Redevelopmont Arda, The arnandfiient to the opetatirig budget for City Center.Redevelopment a .. j ! 43 i Flrs AmerrdmmnHotheFV209?lt�Opamang 3udbetfnrCltyCsnterRedeualoprnerilArea f ,Jury 20M I i Apgre.�vl2 , Area Is•beln Bona tb addtoss.inaroased oxpenses reloting to the-Convane n,Center rznhonoemartt and Exponeijpn Projeot,'.Whioh.will iaaciffeet,with increased roeort tax revehu'e. friomtsed expenses-aro atfrlbutod to the agrgpmont with'Str edogto Advlsory ot6dp-.(�AG),whfoh le. for On atloritit Oct to;i 4*petl $324,90.41 $hrougit June 20'j4'. The RedeVotoomdpl:Agency bucfg�tQa �t?,4.0,O:.f�'the•:;1=�'2U12t.4'�bttdgstAs•a p(a�ettglctar;tp°Fund tfil$•a8r�?sment pr(or to negatiating and approving phase II of SAQ'a'oonlract. Thsrefore, an -additional akttount of eppraxio�ettely'$n,60d-I's requirad.t4 fund the rornalning portlon:.of SAG sf aamempnt: Addltlpnal regar•sarvloas,to �lsnantioiphted('fot��butolde:aouhsel to drag the dsvetopme6t agraornent ground . leases, az well .as athor'retiled'trantracts reg4tred for the Convention Confer Enhanaemont and n'Project.>wkpanslo i , The MdMlopftht Ageihny Wed ekparleridod unaritio�stod oxf*ensos apspciated with!tie payment of roal st�ta taxes fpt.'the property iaoatad.at:;34gr:23 Street the.site of the'pmposed;Qallins Petrk G4mga: Af yowl r*rddeir, NO ArbpVdy-wtas purchases!frOh1,AfnOria4n MOM Reat.'i=afitato -OodipOny(Amertaan',Wfere)for(tie devetoproonr of the:Rotllns p#.rls garage, As part of the purchase agroament with AmprlOOD Riviera tha•CIxy gmtpred fntb.a F'arking.perMil'Agr'sement with Amedcdn lWW&for Its ovritinued'irse, o1 fbwaurface pad;ing'lots-mt.thrs 1006n, -Pursuant to 80dtiari 6 of the Agreement,AM(edoan 141vi4a Is.raquirMd to pay all.real estate. fads—that are lrnpoaad egeinst'the propi�rfy, f•lowever,feel estatb t�xeia waresjat patd fat2Q'I�i aitd.2b;l�j urhicfi i. r�equlidd.the Redavnlopment Agendy to pAy tho taxes and prOdAi l to.radA Am'.&lcai KIVlere a i Notroe of Terminatian. Al»orloarh Riviera.made a.aWfomenZ offer which Was tajeoted. Tha Clty .Attorneys 4ftloe ariil theAdrriinistratlan cbntih'ue ti3 nr3gbtl:ftfonstat'a sotkiafnvnl: • � Thei?a expenses are off-set by funds$24,'f Qd.48,wNifci�VJera escrowed et'olbsirig fiif�Q''f t.�rphetty tares for the properly IQoated at 840 23rs Street. Addltionallj+;,Ft6sottTa Fie danuo is prtijaeted to ' be$5,221,848-which is$837,840 more than the budgeted-aMountof'$4,684j6dO.Theseoddlifohol revenues will he used to OVer the real estate teke&f or 340 2P'Streot ai n"d additional dbnbult`ing hnd legal expense.for the Conventlqn Oent®r rEthhencemont Land Vxpenelon PrOjed. .r Atlached as Exhibit"A''is summary of RCfR hudgdt vyhich i eflente the 4rigt►Yof adioptdd,budgat attd .the proppspd amended.pudget. .C;i�tC�,Ut3tQ . The Ex c rtive Vroator 1wommends adopting the Resolution. _.lt.Mlk /MW T.:1AQ>?NDA�2a1�1J+ily 171[ibA FJ"rat fy+i�ndrgent2Qt2-13'.t�emadaR I i i 44 l i Fvawsec^vrlrchl'rbWYefP:wW�.^^"""�""""^'•_�.�..+wo...v.u..... .. i Mlam(Isaaoh Rbdaye14p)v%d1 Agcntty f 1ty Cori*RojpvalrprliantAnik 1 FY2018114 Propond dpurliting Opdoat ; prollminAry 451Y7�f7 a i PY2o121,a r•V'1412rfa. i d QU Ad'a�f6'q AM deil Vadanoi} i ttovonuveand Olhar.,gDtpc@i,allpap3Ja i tax fnatamaht.COy(i ltiie,34d,92o $ 1e,i0,dbD .4, il;iic,bbo 9 Aojuaut16n1r6rp,tdtYd'ar6ltrd(liifil(2) t q;ali,bDp) S (f;671A0fA S � 7t0ilnctemonl-CoUnO'•(1)100a114tl0 � 1b.OiB,DbO S• 14,810;OD0 t} - ' Atl)oeGrlentfolprlorYear'Inaemenl(g) A �1,039,uu0) $ (1,00o,DG0} Q - ' 6d°/liO4hhlb4�onrrtimlioegr;'(;oSti1Q4-•f$d1�DA$eD1�9D} ,$ 4,�g4.00Q S •�tg2j,$Aq' rp ¢p,7,6(Q. • 'VZM llOblldree'4Trgs1[1onlAbuAbp(4).10Q.0450.3li• 4 ips.00g b 1,6Y.4A.D i (a ON. . l0terpat Mom: 1e6-ep0'W11.0 E 13�009 0 �D,O�a 9 A* F1inJOttlanceRc�liocal�ont(Non-TIp} b S $ fund liolAnreFledeWB ahQ Itpplar3i)nett. S • x '� � Alhar Z411.4t R4,10� 'r0/Jl R@VBNUI¢' �' b,771,000 i�aep,9131 $ GIso�Qtii AdrnfnftlpOraWOp k¢pdndnti(i'D$+,oBB) ' :Management toe(ealaderi.d bOnemaj 109(1D0&.a2?J' I 1,041,000 S t;041,000 s 1vlanogdmont.W. 1 0,000. .4 smkoo3 opd b$nefltd a 4,onb 1 postega,pdniing Anta(4ng tQq.agi. S 1,DDQ $ 1,06q -4 - 0140.0ouppllgf a 40%ljPMQRt 1 $-V41&Bg3 0. 2.000 a;.DDb 0 ! OtherOparaltdp 100134.3 •$ , TAX00144-13e9 $ . t tkD,7A9 A 12D,720 Mootlnps 16 conkranc3,AJO-M 6 r $ 1](rggPaeUbf4rlpl(ens i$D-�i1 'S t PrototelonAl'8 folaled t9eY,1 p:313 ¢ �.Gd,gdo -f 'q:4q,AgO 4 400.0R6 ( Repalro AMolotononoo 190�d$ 0 04,000 0- 00,000 S Mtri41(anea0 MpenrO�Tlntsv6s)10($02,500,343) 11 47,000 $ AT, DO S TOWIAdminlOp6ratinj(13.gpo'lipp. S 1J14iL000. >r 1,86Tp�9• .8 6x1i72Q !'rpJpet@xpoquee 00rnm*0lq P(11004 160•119p,4 - coingto)pro)edta Mefnlane'nodt ' Pr6porVMenegeineA0160.0004 88nll0boni100•o090 0 h,OD$00p ¢' iF,89g,OQb OrodnepAee:i0t14960 E 783,OQp S '10430 $ ,(tlp;eal) sab-TdlblCdpp(o►dmq a •4r409,l1o0 0 4,440,i89' $ pe'sat) NWS'pro)WjijntoJnP ikcOmploxContingency $ 4. 4. •Nws Ko)ect-OrenN10•91d• $ $: Tran@tdrfo Perm dstetta powng 1oemilp-000491 $ 400;00b 400ft.. 5 Tra0gurto P.edaGa(tpliMOM ift19pB-00491 8' � tmMe(erto capital(0)1tt0.1900-gg04b1 10 3 t 4 943,000 TronalorIQ 0opp4evika& oploo9rdont(D) el•Re S 8 0 Trarrbldr,a•Oupttat(d) 41 WOO Total ProjovtRxpor(9eu 33,08D,000 1),610,169 S 00.gm) Roggtvo'andOabt6urildadblf0o(IonA S DoWsorvtce cost-200b,tt dllEj�kontli iGA aQ $ 0,410,600 @ 0,44,000 M Coral 11apf S9rvlca-Unedi1 Rd pt'd}"ec1(t')1004i0 09'},&D 8 78%00 13GrfantEteb68ervirb-9r(aeMusaut11�0)100•BO $ •s0'F,Coo li SW,000 S • Roaervator.66anNAdmTdPi,Q�9}.1QQ38� .# 109.900 ,4 .}99,600 $ + Roltflue lot ditindopl4b0mdid)461-i S g 242,000 g 261,000 r tQas9weCar(hWdran'aT(vA QonG�bu(Ibn(11)16 AS- $ 1,a7);pOD S 'i3O#jds 6 (4 PSJ Rosen for 00010%Pott PA11Tn00". a gepaymantPrftltYrFand�A.le`nce 5 S 1'(1,b66' $ iji,bss "Total lT9 ON#and Dahl pbrilaa i 19, 7,go0 S 91,94a,dp9 i 10o,4E0 ( TdtAL I(NPEN8ES AIM OF1 R ATIONl; 3$,71 LOQd $ P,3hp,atir I •609,5a7 RGI(ENUtiS',EXP.NfiOtTUlt�B 8 $ 0; J • I I i f 45 ) i r. .r. •. • .F .._.....J.•.....-•r.._.......�..•........._- ._......-........._-...._—�+....-_.....a..............A....-. �... .w-....._.__..s_....., _.J'e _..,..a..\.Y.:-r.- -._...• 1 .(Y81418 �MTIiUSt�13AYlluI E;7f201 '% rNg _•••, '1 �f�*0pN1�1n/ t�lU�•1•;OEA �W�C' j�],]y'�y�'yy /�'p1 Rrr�{ `;•gp1'�e,Eep,R1.1 { Nojlrft;HEG�tRlVellt)tUEpuU(c6pgrinblll�rllt'behgt >?Yflle,N(ayor•andOl►YCammissiogot' 1 `fhi♦.C1t�Qf>vilam�p�s;Ri><FIRt(da,7n Ihd Ggjtlr.A)dtlrrT(Yralnbere�itl ROdfi Gilt'Stall;ty0R,4`bfN.ShUop; r. 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eWdsn6gri4r�Uaa11N�ru OrlxrahrillBpps8'grapppaJsn6CQihnrO'soDJID*hy low" ', 1 1tr tegiest U>I§malo(telliracdase�blo.tu(fial,aSgii ldtiglratfn IgtopNelers,,lgtprmnllptironreacsss tor,' Sfefppne wtUt dirynblbttirs andlar,any ucvommuddycii tc rav�i.; AY.VCcdindni,W parUclpnfo IQAlly r t ,I,Cltp•'spbnsamd procepdirlg,;dleOeo.coiilavt'us gvs clByd'tn ridvance•at13dG�'s72?7A11iY61Cgj•ur Tj7( I i r pssrs ay also oap'Ule Qlorltla IiQI'py 5gtvico 6S 7�ti,� +�t•� r r t i t i i ; •AUNT@9• '', •, .j +i i 46 FOURTH AMENDMENT TO THE INTERLOCAL COOPERATION AGREEMENT This Fourth Amendment to the Interlocal Agreement ("Fourth Amendment'), made this J day of �J 2018 ("Effective Date"}, by and among Miami-Dade County, a political subdivision of the State of Florida (hereinafter referred to as the "County'), the City of Miami Beach, a municipal corporation under the laws of the State of Florida (hereinafter referred to as the "City'), and the Miami Beach Redevelopment Agency, a public agency and body corporate created pursuant to Section 163.356, Florida Statutes (hereinafter referred to as the"Agency"), WHEREAS, the Miami-Dade County Board of County Commissioners (the "Board") adopted Resolution No. R-317-93 on March 30, 1993, approving, among other things, the City Center/Historic Convention Village Redevelopment and Revitalization Plan (the "Plan") and delegated certain powers conferred on the Board by Part III, Chapter 163, Florida Statutes (the "Act"), to implement the Plan to the Mayor and City Commission of the City of Miami Beach (the "City Commission"), all for the project area commonly called "City Center/historic Convention Village Redevelopment and Revitalization Area" (such Area previously referred to in the Interlocal Agreement described below, as the "Project" and herein referred to as the "Redevelopment Area'); and WHEREAS. the Board also enacted Ordinance No. 93-29 on April 27, 1993, which among other things, established a trust fund ("Fund" or"Trust Fund") to fund improvements in the Redevelopment Area;and WHEREAS, the County and the City also approved and entered into the Interlocal Cooperation Agreement, executed on November 16, 1993 (as amended by the First Amendment 1 (defined below), by the Second Amendment (defined below), and by the Third Amendment (defined below) (the"Interlocal Agreement"), by which the County delegated to the City certain redevelopment powers granted by the Act, including but not limited to the creation of the Redevelopment Area and implementation of the Plan;and WIIERE AS,the County and the City adopted Resolution No. R-889-03 and Resolution No. 2003-2537, respectively; approving an amendment to the Plan to incorporate the development and implementation of community policing initiatives;and WHEREAS, the Board, through Resolution No. R-889-03, and the City Commission, through Resolution No. 2003-25241, also approved an amendment to the Interlocal Agreement ("First Amendment"} to delegate to the City the power to implement the community policing initiatives;and WHEREAS, the Board, through Resolution No. R-958-05, and the City Commission, through Resolution No. 2004-25560, also approved a second amendment to the Interlocal Agreement ("Second Amendment") whereby (i) the County, City, and Agency agreed that the Agency would remit one and one-half percent(1.5%)of the Tax Increment Revenue paid to the Agency for said fiscal year to the County to defray administrative costs for oversight and processing Agency related items.after debt service and all other obligations related to the bonds or future indebtedness issued by the Agency and approved by the County was satisfied for the fiscal year,and(ii) the County approved the Agency's issuance of refunding bonds in an amount not to exceed a principal amount of $101,090,000.00 lu r0iriance all or a portion of the outstanding principal amount of bonds issued with respect to the Redevelopment Area; and WHEREAS, the Board, through Resolution No. R-1110-14, and the City Commission, through Resolution No. 2014-28835, also approved a third amendment to the Interlocal 2 Agreement("Third Amendment''), which, among other terms,extended the life of the Agency to March 31, 2044, authorized the issuance of tax increment revenue bonds ("RDA Bonds") to support the Convention Center Renovation and Expansion Project (the "Convention Center Project''), and further provided for related payment terms, with the intent that all available excess Trust Fund revenues remaining on deposit in the Trust Fund be used for the prepayment or redemption of debt prior to maturity of the RDA Bonds, with such prepayment or redemption of debt commencing in FY 2023-2024;and WHEREAS, after distribution of Tax Increment Revenues in the order, priority, and amounts required by this Intedocal Agreement, the available revenues remaining on deposit in the Trust Fund, as of the Agency's year-end for FY 2016-17, are estimated to be at approximately $34,0U0,000;and WHEREAS, the City has incurred certain additional costs in connection with the Convention Center Project, including expenses resulting from Hurricane Irma, among other unforeseen circumstances, and has requested that a portion of the excess Trust Fund revenues be allocated to the Convention Center Project;and WHEREAS, the City and County, along with the City of Miami, collectively joined the Rockefeller Foundation's 100 Resilient Cities network as Greater Miami and the Beaches to develop a resilience strategy that, among other things, aggressively comhatq the risks of rising sea levels, coastal erosion,and hurricanes. WHEREAS, well developed beach and dune systems provide protection from storm surges associated with hurricanes and other storm events, and maintaining our coastal beaches provides direct benefit and protection to the people.property,and infrastructure developed on the barrier islands;and 3 WHERAS, in addition to the storm protection benefits that the beach system provides our community, beaches are a major feature of our tourism industry attracting visitors from all over the world to our community;and WHEREAS,the County and City recogni-re the importance of continually funding beach rcnourishment projects for the future resilience of our community. NOW, THEREFORE, for and in cunsidrration of the premises and the mutual covenants recorded herein,the County,the City and the Agency agree as follows: A. The recitations set forth above are true and correct and adopted as part of this Fourth Amendment. B. Paragraph XII, "Distribution of Trust Fund Revenues," sub-paragraphs "E and H" of the Interlocal Agreement,are hereby amended to read as follows: E. The Agency agrees to: 1. Beginning FY 2017-18, and until the earlier of March 31, 2044, or the termination or expiration of the taxing authorities' obligation to appropriate the Tax Increment Revenues to the Fund, grant to the County an amount equal to the County's proportionate share of the total payments expended by the Agency in the prior fiscal year for Administration, Community Policing, and Capital Project Maintenance (defined below). Such grant shall be paid to the County by March 31 of each year and shall be based on the previous year's expenses for Administration, Community Policing. and Capital Project Maintenance. The amount granted annually shall be calculated as follows: The County's share of total Tax Increment Revenues deposited into the Trust Fund for that particular year divided by the total Tax Increment Revenues collected from all taxing authorities and deposited in the Trust Fund for that particular year, multiplied by the amount of expenses paid by the Agency in the previous fiscal year for Administration, Community Policing and Capital Project Maintenance. 4 Beginning FY 2017-18, and until FY 2022-23, the County shall set aside $1.5 million per year of the payments received from the Agency fur the purpose of funding beach renourishment for beaches within or adjacent to the City of Miami Beach. "13iis hording can be used to leverage State or Federal funding for beach renourishment purposes. Such funding shall be set aside in a separate account established by the County to be used for the purposes described herein. 2. Beginning FY 2017-18, until FY 2022-23, grant to the City an amount equal to the City's proportionate share of the total payments expended by the Agency in the prior fiscal year for Administration, Community Policing, and Capital Project Maintenance (defined below). Such grant shall be paid to the City by March 31 of each year and shall be based on the previous year's expenses for Administration, Community Policing, and Capital Project Maintenance. The amount granted annually shall be calculated as follows: The City's share of total Tax Increment Revenues deposited into the Trust Fund for that particular year divided by the total Tax Increment Revenues collected from all taxing authorities and deposited in the Trutit Fund for that particular year, multiplied by the amount of expenses paid by the Agency in the previous fiscal year for Administration, Community Policing and Capital Project Maintenance. Beginning FY 2017-18, and until FY 2022-23, the City shall set aside $1.5 million per year of the grant received from the Agency for the purpose of funding beach renourishment for beaches within the City of Miami Beach. This funding can be used to leverage State or Federal funding for beach renourishment purposes. Such funding shall be set aside in a separate account established by the City to be used for the purposes described herein. H. Beginning kY 2014-15 and ending on the earlier of March 31, 2023, or the termination or expiration of the taxing authorities' obligation to appropriate Tax Increment Revenue to the Trust Fund, the Agency shall, within ninety (90) days from the conclusion of each fiscal year, deposit any unencumbered amounts on deposit in the Trust Fund and all available revenues remaining after distribution of Tax Increment Revenues in the order, priority and amounts set forth in Sections A through G above, into a fund to be used for the purposes of financing any shortfalls associated with the payment of the expenses as listed in Section F above. Such deposits to such fund shall only be made if it will not negatively affect 5 the exclusion from gross income, for federal income tax purposes, of interest on any tax-exempt Agency Indebtedness. After the above application, the excess funds in the Trust Fund as of the end of FY 16/17 shall be distributed as follows: 1. Of the approximately$34 million in revenues remaining on deposit in the Trust Fund as of the Agency's year-end for FY 2016- 17, the Agency shall distribute $6,914,221.00 to the City, for the limited purpose of funding a portion of the construction costs for the Convention Center Proj cct; and 2. After disbursement to the City pursuant to Section H.1 above, the Agency may distribute an amount up to $20,000,000 to the City, for the limited purpose of funding a portion of the design and construction costs for the Lincoln Road / Collins Avenue to West Avenue Project, for the refurbishment of the Lincoln Road pedestrian mall from Collins Avenue to West Avenue, and adjacent corridors (the "Lincoln Road Project''), which distribution pursuant to this Section 11.2, together with the $20 mullion previously authorized for the Lincoln Road Project, provides for total funding from excess Tax Increment Revenues of up to $40,000,000 for the Lincoln Road Project. All other remaining revenues in the Trust Fund (including, without limitation, any remaining excess revenues at the end of FY16/17) will be used to extinguish Agency Indebtedness early, but not prior to FY 2023- 24, to the extent such Agency Indebtedness is subject to prepayment or redemption prior to maturity at such time or, if such Agency Indebtedness is not then subject to prepayment or redemption prior to maturity, to establish an escrow for the prepayment or redemption prior to maturity of such Agency Indebtedness at such time as the Agency Indebtedness is subject to prepayment or redemption prior to maturity; provided, however, that such escrow shall only be established if it will not negatively affect the exclusion from gross income, for federal tax purposes, of interest on any such tax-exempt Agency Indebtedness. The City and the Agency agree not to issue Capital Appreciation Bonds or similar debt that does not pay interest on a current basis. The City and the Agency also agree that any Agency Indebtedness pledging"fax Increment Revenues issued for the purposes set forth herein shall include a call provision allowing such Agency Indebtedness to be called no later than ten (10) years after initial issuance. If the Agency Indebtedness is not subject to repayment or redemption prior to maturity, and an escrow cannot be established, then the Agency shall distribute annually any revenues remaining on deposit in the Fund after distribution as set forth in Sections A through H of this Paragraph Xli, to the taxing authorities in the proportionate manner as it was deposited. 6 C_ All provisions of the Interlocal Agreement, other than the provisions specifically amended herein, remain in full force and effect. [SIGNATURES APPEAR ON THE FOLLOWING PAGE] IN WTTNESS W1IL•'RI:01:. the parties ha%c executed this fourth Amendment as of the date first N•rinen above. CITY of MIAMI BVACII NIJA`11-I)ADE:COUNTY y 134: B :,, Dan Gelber " os A.6imenez Mayor Mayer ATTEST ATTEST By: 'z� _ By: �• C'(V Cle,;Z,1I)epu 'lark^ = MIAMI BEACH REDI-VELOYMENT Appro%ed for form and legal sufticienc},44', AGENCY By: By: Dan Gelber Assistant County Al Chaimian Attest: L' City Clerk Al Approved for farm and legal suflicienev;; �('� yam•` r BY: 3. City Attorney S 666- aoa01Z FIFTH AMENDMENT TO THE INTERLOCAL COOPERATION AGREEMENT This Fifth Amendment to the Interlocal Cooperation Agreement(the"Fifth Amendment"), made this J day of (' t ` ,2022(the"Effective Date'), by and among Miami- Dade County, a political subdivision of the State of Florida (the "County'), the City of Miami Beach, a municipal corporation under the laws of the State of Florida (the"City"), and the Miami Beach Redevelopment Agency, a public agency and body corporate created pursuant to Section 163.356, Florida Statutes (the"Agency'). WHEREAS, the Miami-Dade County Board of County Commissioners (the "Board") adopted Resolution No. R-317-93 on March 30, 1993, approving, among other things, the City Center/Historic Convention Village Redevelopment and Revitalization Plan (the "Plan"), and delegated certain powers conferred on the Board by Part III, Chapter 163, Florida Statutes (the "Act"), to implement the Plan to the Mayor and City Commission of the City of Miami Beach(the "City Commission"), all for the project area commonly called "City Center/Historic Convention Village Redevelopment and Revitalization Area" (the"Area"), and such Area previously referred to in the Interlocal Agreement described below as the "Project", and herein referred to as the "Redevelopment Area"; and WHEREAS,the Board also enacted Ordinance No. 93-28 on April 27, 1993,which among other things, established a trust fund (the "Fund" or "Trust Fund") to fund improvements in the Redevelopment Area; and WHEREAS, the County and the City also approved and entered into the Interlocal Cooperation Agreement, executed on November 16, 1993 (the "Interlocal Agreement), as amended by the First Amendment (defined below), by the Second Amendment (defined below), l by the Third Amendment (defined below), and by the Fourth Amendment (defined below), by which the County delegated to the City certain redevelopment powers granted by the Act, including but not limited to the creation of the Redevelopment Area and implementation of the Plan; and WHEREAS, the County and the City adopted Resolution No. R-889-03 and Resolution No. 2003-2537,respectively,approving an amendment to the Plan to incorporate the development and implementation of community policing initiatives; and WHEREAS, the Board, through Resolution No. R-889-03, and the City Commission, through Resolution No. 2003-25241, also approved an amendment to the Interlocal Agreement (the"First Amendment")to delegate to the City the power to implement the community policing initiatives;and WHEREAS, the Board, through Resolution No. R-958-05, and the City Commission, through Resolution No. 2004-25560, also approved a second amendment to the Interlocal Agreement ("Second Amendment") whereby (i) the County, City, and Agency agreed that the Agency would remit one and one-half percent (1.5%) of the Tax Increment Revenue paid to the Agency for said fiscal year to the County to defray administrative costs for oversight and processing Agency related items, after debt service and all other obligations related to the bonds or future indebtedness issued by the Agency and approved by the County was satisfied for the fiscal year, and (ii)the County approved the Agency's issuance of refunding bonds in an amount not to exceed a principal amount of$101,090,000.00 to refinance all or a portion of the outstanding principal amount of bonds issued with respect to the Redevelopment Area; and WHEREAS, the Board, through Resolution No. R-1110-14, and the City Commission, through Resolution No.2014-28835,also approved a third amendment to the Interlocal Agreement 2 (the"Third Amendment"), which, among other terms, extended the life of the Agency to March 31, 2044, authorized the issuance of tax increment revenue bonds (the"RDA Bonds") to support the Convention Center Renovation and Expansion Project(the"Convention Center Project"), and further provided for related payment terms, with the intent that all available excess Trust Fund revenues remaining on deposit in the Trust Fund be used for the prepayment or redemption of debt prior to maturity of the RDA Bonds, with such prepayment or redemption of debt commencing in FY 2023-2024; and WHEREAS,the Board,through Resolution No.R-644-18,the City Commission,through Resolution No. 2018-30288, and the Agency, through Resolution No. 629-2018, also approved a fourth amendment to the Interlocal Agreement (the "Fourth Amendment"), which, among other terms, recognized that the available revenues remaining on deposit in the Trust Fund, as of the Agency's year-end for FY 2016-17 were estimated to be at approximately$34,000,000 and(a) in recognition of additional costs incurred by the City in connection with the Convention Center Project, including expenses resulting from Hurricane Irma and other unforeseen circumstances, authorized the allocation of excess Trust Fund revenues in the amount of$6,914,221.00 to the Convention Center Project, and (b) in recognition of the joinder by the City, the County and the City of Miami to the Rockefeller Foundation's 100 Resilient Cities network as Greater Miami and the Beaches and commitment to developing a resilience strategy that, among other things, aggressively combats the risks of rising sea levels, coastal erosion, and hurricanes, provides protection from storm surges associated with hurricanes and other storm events, maintains and protects our coastal beaches, which provide direct benefits and protection to the people, property and infrastructure developed on the barrier islands and which are a major feature of the Greater Miami and the Beaches tourism industry attracting visitors from all over the world to our 3 community,authorized the distribution of excess Trust Fund Revenues to the County and the City beginning FY 2017-18 and continuing until FY 2022-23, with the County and City each setting aside$1.5 million per year from the foregoing distribution of excess Trust Fund revenues to fund beach renourishment efforts, which can be used to leverage State or Federal funding for beach renourishment purposes, and (c) in recognition of the continuing need to refurbish the Lincoln Road pedestrian mall from Collins Avenue to West Avenue and adjacent corridors, authorized the distribution of an amount up to $20,000,000 to fund the Lincoln Road Project previously authorized as part of the Third Amendment,for a total project amount of up to$40,000,000 for the Lincoln Road Project; and WHEREAS, after distribution of Tax Increment Revenues in the order, priority, and amounts required by this Interlocal Agreement,the available revenues remaining on deposit in the Trust Fund, as of the Agency's year-end for FY 2020-21, are projected at approximately $31,900,000.00 and WHEREAS,the County is requesting to expand the use of the excess Trust Fund revenues set aside by the County for the purpose of funding beach renourishment to be used for any beaches within Miami-Dade County in the County's sole discretion; and WHEREAS,the County and the City recognize the importance to both the County and the City of renourishing all beaches within Miami-Dade County; and WHEREAS, the Agency has served as a prominent funding mechanism for the transformative renovation of the Convention Center Project, which is the only convention center in Miami-Dade County and is an important economic asset of the County and the City, hosting major recurring events such as Art Basel and periodic sports tourism events like the NFL Superbowl Experience; and 4 WHEREAS, the City was engaged in complex litigation relating to the work performed on the Convention Center Project and the City Commission,through Resolution No. 2021-31870, approved a final settlement agreement dated as of September 30, 2021 by and among the City, Clark Construction Group, LLC (the "Contractor") and Hill International Inc. (the "Final Settlement Agreement")pursuant to which the parties settled all claims among them in connection with the Convention Center Project; and WHEREAS, pursuant to the Final Settlement Agreement, the City is responsible for generating $33,500,000.00 payable for the remaining project costs in connection with the Convention Center Project, including payments to the Contractor, of which amount the City has already appropriated approximately $6,400,000.00, which was part of the Convention Center Project budget contingency, and$27,100,000.00 remains unfunded; and WHEREAS, the Convention Center Project budget had included a contingency of $35,000,000.00, which represents only approximately six percent (6%) of the total Convention Center Project budget; and WHEREAS,the remaining unfunded Convention Center Project costs are$27,100,000.00, which represents approximately four percent(4%) of the total Convention Center Project budget, and when combined with the original contingency amount,effectively brings the total Convention Center Project contingency to approximately ten percent(10%)of the budget,which is well within industry standards; and WHEREAS, completion of the Conventional Center Project is essential to the success of the Redevelopment Area and implementation of the Plan, and accordingly, the City is requesting to access $27,100,000.00 of the projected $31,900,000.00 in excess Trust Fund revenues for purposes of funding the balance of, and reimbursing the City for, the remaining project costs in 5 connection with the Convention Center Project, including payments to the Contractor pursuant to the Final Settlement Agreement; and WHEREAS, the County and City recognize the importance of the Convention Center Project to the economic vitality of both the County and the City and the benefits to both the County and the City of resolving all claims pursuant to the Final Settlement Agreement and achieving completion of the Convention Center Project. NOW,THEREFORE,for and in consideration of the premises and the mutual covenants recorded herein,the County,the City and the Agency agree as follows: A. The recitations set forth above are true and correct and adopted as part of this Fifth Amendment. B. Paragraph XII, "Distribution of Trust Fund Revenues," sub-paragraphs "E and H" of the Interlocal Agreement, are hereby amended to read as follows: E. The Agency agrees to: 1. Beginning FY 2017-18, and until the earlier of March 31, 2044, or the termination or expiration of the taxing authorities' obligation to appropriate the Tax Increment Revenues to the Fund, grant to the County an amount equal to the County's proportionate share of the total payments expended by the Agency in the prior fiscal year for Administration, Community Policing, and Capital Project Maintenance (defined below). Such grant shall be paid to the County by March 31 of each year and shall be based on the previous year's expenses for Administration, Community Policing, and Capital Project Maintenance. The amount granted annually shall be calculated as follows: The County's share of total Tax Increment Revenues deposited into the Trust Fund for that particular year divided by the total Tax Increment Revenues collected from all taxing authorities and deposited in the Trust Fund for that particular year, multiplied by the amount of expenses paid by the Agency in the previous fiscal year for Administration, Community Policing and Capital Project Maintenance. 6 Beginning FY 2017-18, and until FY 2022-23, the County shall set aside $1.5 million per year of the payments received from the Agency for the purpose of funding beach renourishment for gay' beaches within eF Miami-Dade County in the County's sole discretion. This funding can be used to leverage State or Federal funding for beach renourishment purposes. Such funding shall be set aside in a separate account established by the County to be used for the purposes described herein. 2. Beginning FY 2017-18, until FY 2022-23, grant to the City an amount equal to the City's proportionate share of the total payments expended by the Agency in the prior fiscal year for Administration, Community Policing, and Capital Project Maintenance (defined below). Such grant shall be paid to the City by March 31 of each year and shall be based on the previous year's expenses for Administration, Community Policing, and Capital Project Maintenance. The amount granted annually shall be calculated as follows: The City's share of total Tax Increment Revenues deposited into the Trust Fund for that particular year divided by the total Tax Increment Revenues collected from all taxing authorities and deposited in the Trust Fund for that particular year, multiplied by the amount of expenses paid by the Agency in the previous fiscal year for Administration, Community Policing and Capital Project Maintenance. Beginning FY 2017-18,and until FY 2022-23,the City shall set aside$1.5 million per year of the grant received from the Agency for the purpose of funding beach renourishment for beaches within the City of Miami Beach. This funding can be used to leverage State or Federal funding for beach renourishment purposes. Such funding shall be set aside in a separate account established by the City to be used for the purposes described herein. H. Beginning FY 2014-15 and ending on the earlier of March 31,2023,or the termination or expiration of the taxing authorities' obligation to appropriate Tax Increment Revenue to the Trust Fund, the Agency shall, within ninety(90)days from the conclusion of each fiscal year,deposit any ' Words stricken through shall be deleted. Words underscored constitute the amendment proposed. Remaining provisions are now in effect and remain unchanged. 7 unencumbered amounts on deposit in the Trust Fund and all available revenues remaining after distribution of Tax Increment Revenues in the order,priority and amounts set forth in Sections A through G above,into a fund to be used for the purposes of financing any shortfalls associated with the payment of the expenses as listed in Section F above. Such deposits to such fund shall only be made if it will not negatively affect the exclusion from gross income,for federal income tax purposes,of interest on any tax- exempt Agency Indebtedness. After the above application, the excess funds in the Trust Fund: 1. as of the end of FY 2016-17 shall be distributed as follows: of the approximately $34 million in revenues remaining on deposit in the Trust Fund as of the Agency's year-end for FY 2016-17, the Agency shall distribute $6,914,221.00 to the City, for the limited purpose of funding a portion of the construction costs for the Convention Center Project; and 2. after disbursement to the City pursuant to Section H.1 above, the Agency may distribute an amount up to $20,000,000 to the City, for the limited purpose of funding a portion of the design and construction costs for the Lincoln Road / Collins Avenue to West Avenue Project,for the refurbishment of the Lincoln Road pedestrian mall from Collins Avenue to West Avenue, and adjacent corridors (the "Lincoln Road Project"), which distribution pursuant to this Section H.2,together with the$20 million previously authorized for the Lincoln Road Project,provides for total funding from excess Tax Increment Revenues of up to $40,000,000 for the Lincoln Road Project; and 3. as of the end of FY 2020-21 shall be distributed as follows: of the approximately$31,900,000.00 in excess Trust Fund revenues remaining on deposit in the Trust Fund as of the Agency's year-end for FY 2020-21. the Agency shall distribute $27.100,000.00 to the City,for the limited purpose of funding,and reimbursing the City for, the remaining project costs in connection with the Convention Center Project, including_pavments to the Contractor pursuant to the Final Settlement Agreement. All other remaining revenues in the Trust Fund (including, without limitation, any remaining excess revenues at the end of FY 2020-21) will be used to extinguish Agency Indebtedness early,but not prior to FY 2023- 24, to the extent such Agency Indebtedness is subject to prepayment or redemption prior to maturity at such time or, if such Agency Indebtedness is not then subject to prepayment or redemption prior to maturity, to establish an escrow for the prepayment or redemption prior to maturity of such Agency Indebtedness at such time as the Agency Indebtedness is 8 subject to prepayment or redemption prior to maturity; provided, however, that such escrow shall only be established if it will not negatively affect the exclusion from gross income, for federal tax purposes, of interest on any such tax-exempt Agency Indebtedness. The City and the Agency agree not to issue Capital Appreciation Bonds or similar debt that does not pay interest on a current basis. The City and the Agency also agree that any Agency Indebtedness pledging Tax Increment Revenues issued for the purposes set forth herein shall include a call provision allowing such Agency Indebtedness to be called no later than ten (10) years after initial issuance. If the Agency Indebtedness is not subject to repayment or redemption prior to maturity,and an escrow cannot be established,then the Agency shall distribute annually any revenues remaining on deposit in the Fund after distribution as set forth in Sections A through H of this Paragraph XII, to the taxing authorities in the proportionate manner as it was deposited. C. All provisions of the Interlocal Agreement, other than the provisions specifically amended herein,remain in full force and effect. [SIGNATURES APPEAR ON THE FOLLOWING PAGE] 9 IN WITNESS WHEREOF, the parties have executed this Fifth Amendment as of the date first written above. CITY OF MIAMI BEACH MIAMI-DADE COUNTY By: By: Dan Gelber f6 f.Daniella ne Cava Mayor Mayor ATTEST ATTEST By: I 1 ze z02Z By: City Clerk Deputy Clerk MIAMI BEACH REDEVELOPMENT Approved for fonn and legal sufficiency AGENCY By: By: _QD Dan Gelber Assistant County Att rn Chairman Attest: Z�v By: --- Secretary Approved for form and legal sufficiency By: 1*��% T Z Zl 2 KCRafael A. Paz ity Attorney 10 SIXTH AMENDMENT TO THE INTERLOCAL COOPERATION AGREEMENT This Sixth Amendment to the Interlocal Cooperation Agreement ("Sixth Amendment"), made this I$th day of PITJ50 bC l� , 2024 ("Effective Date"), by and among Miami- Dade County, a political subdivision of the State of Florida (the "County"), the City of Miami Beach, a municipal corporation under the laws of the State of Florida(the"City"), and the Miami Beach Redevelopment Agency, a public agency and body orporate created pursuant to Section 163.356, Florida Statutes (the"Agency"or"RDA"). WHEREAS, on January 26, 1993, the Board of Miami-Dade County Commissioners (the "Board")adopted Resolution No. R-14-93,which among other things(i) found the area in the City bounded on the East by the Atlantic Ocean, on the North by 24th Street, on the West by West Avenue, and on the South by 14th Lane(the"Redevelopment Area")to be a"blighted area"within the meaning of Part III of Chapter 163, Florida Statutes (the"Act"), and (ii)delegated to the City, pursuant to Section 163.410, Florida Statutes, the power to (a) make findings and determine the Redevelopment Area to be a slum and/or blighted area, (b) make findings of necessity as to the rehabilitation, conservation, and/or redevelopment of the Redevelopment Area, (c) create a community redevelopment agency and delegate powers to the agency, or declare itself as the agency with the power to exercise such powers assigned to the agency, and (d) initiate, prepare and adopt a plan of redevelopment and any amendments thereto,subject to the review and approval of the Board; and WHEREAS, on February 3, 1993, the City adopted Resolution No. 93-20709 which established the Miami Beach Redevelopment Agency(the"Agency"), and declared the members of the City Commission as the members of the Agency; and i WHEREAS, on March 30, 1993, the Board adopted Resolution No. R-317-93, which among other things (i) adopted the Agency's City Center/Historic Convention Village Redevelopment and Revitalization Area plan(the"Plan"),for the redevelopment and revitalization of the Redevelopment Area, and(ii)approved the Interlocal Cooperation Agreement,between the County and the City, dated and executed on November 16, 1993 (the "CRA Interlocal Agreement"); and WHEREAS, on April 27, 1993,the Board enacted Ordinance No. 93-28, which created a City Center/Historic Convention Village Redevelopment and Revitalization Trust Fund(the"Trust Fund"), and provided a funding mechanism for implementing the Plan; and WHEREAS, the County and the City entered into the CRA Interlocal Agreement, as amended by the First Amendment (defined below), by the Second Amendment (defined below), by the Third Amendment(defined below),by the Fourth Amendment(defined below), and by the Fifth Amendment (defined below), by which the County delegated to the City certain redevelopment powers granted by the Act, including but not limited to the creation of the Redevelopment Area and implementation of the Plan; and WHEREAS, the County and the City adopted Resolution No. R-889-03 and Resolution No. 2003-2537,respectively, approving an amendment to the Plan to incorporate the development and implementation of community policing initiatives; and WHEREAS, the Board, through Resolution No. R-889-03, and the City Commission, through Resolution No. 2003-25241, also approved an amendment to the CRA Interlocal Agreement ("First Amendment") to delegate to the City the power to implement the community policing initiatives; and 2 WHEREAS, the Board, through Resolution No. R-958-05, and the City Commission, through Resolution No. 2004-25560, also approved a second amendment to the CRA Interlocal Agreement ("Second Amendment") whereby (i) the County, City, and Agency agreed that the Agency would remit one and one-half percent (1.5%) of the Tax Increment Revenue paid to the Agency for said fiscal year to the County to defray administrative costs for oversight and processing Agency related items, after debt service and all other obligations related to the bonds or future indebtedness issued by the Agency and approved by the County was satisfied for the fiscal year("FY"), and (ii) the County approved the Agency's issuance of refunding bonds in an amount not to exceed a principal amount of$101,090,000.00 to refinance all or a portion of the outstanding principal amount of bonds issued with respect to the Redevelopment Area; and WHEREAS, the Board, through Resolution No. R-I 110-14, and the City Commission, through Resolution No. 2014-28835, also approved a third amendment to the CRA Interlocal Agreement ("Third Amendment"), which, among other terms, extended the life of the Agency to March 31, 2044, authorized the issuance of tax increment revenue bonds ("RDA Bonds") to support the Convention Center Renovation and Expansion Project (the "Convention Center Project"), and further provided for related payment terms, with the intent that all available excess Trust Fund revenues remaining on deposit in the Trust Fund be used for the prepayment or redemption of debt prior to maturity of the RDA Bonds, with such prepayment or redemption of debt commencing in FY 2023-2024; and WHEREAS,the Board,through Resolution No. R-644-18, the City Commission,through Resolution No. 2018-30288, and the Agency, through Resolution No. 629-2018, also approved a fourth amendment to the CRA Interlocal Agreement("Fourth Amendment"),which, among other terms, recognized that the available revenues remaining on deposit in the Trust Fund, as of the 3 Agency's year-end for FY 2016-17 were estimated to be at approximately $34,000,000 and (a) in recognition of additional costs incurred by the City in connection with the Convention Center Project, including expenses resulting from Hurricane Irma and other unforeseen circumstances, authorized the allocation of excess Trust Fund revenues in the amount of$6,914,221.00 to the Convention Center Project, and (b) in recognition of the joinder by the City, the County and the City of Miami to the Rockefeller Foundation's 100 Resilient Cities network as Greater Miami and the Beaches and commitment to developing a resilience strategy that, among other things, aggressively combats the risks of rising sea levels, coastal erosion, and hurricanes, provides protection from storm surges associated with hurricanes and other storm events, maintains and protects our coastal beaches, which provide direct benefits and protection to the people, property and infrastructure developed on the barrier islands and which are a major feature of the Greater Miami and the Beaches tourism industry attracting visitors from all over the world to our community, authorized the distribution of excess Trust Fund Revenues to the County and the City beginning FY 2017-18 and continuing until FY 2022-23, with the County and City each setting aside$1.5 million per year from the foregoing distribution of excess Trust Fund revenues to fund beach renourishment efforts, which can be used to leverage State or Federal funding for beach renourishment purposes, and (c) in recognition of the continuing need to refurbish the Lincoln Road pedestrian mall from Collins Avenue to West Avenue and adjacent corridors, authorized the distribution of an amount up to $20,000,000 to fund the Lincoln Road Project previously authorized as part of the Third Amendment, for a total project amount of up to$40,000,000 for the Lincoln Road Project; and WHEREAS,the Board, through Resolution No. R-256-22,the City Commission, through Resolution No. 2022-32014, and the Agency, through Resolution No. 666-2022, also approved a 4 fifth amendment to the CRA Interlocal Agreement ("Fifth Amendment"), which, among other terms, recognized that the available revenues remaining on deposit in the Trust Fund, as of the Agency's year-end for FY 2020-21 were estimated to be at approximately $31,900,000 and (a) expanded the use of the excess Trust Fund revenues set aside by the County for the purpose of funding beach renourishment to include any beaches within Miami-Dade County in the County's sole discretion and (b) in recognition of additional costs incurred by the City in connection with the settlement of complex litigation relating to the work performed on the Convention Center Project pursuant to a final settlement agreement (the "Final Settlement Agreement") dated as of September 30, 2021 by and among the City, Clark Construction Group, LLC (the "Contractor") and Hill International, authorized the distribution of excess Trust Fund revenues in the amount of $27,100,000 to the City for the limited purpose of funding, and reimbursing the City for, the remaining project costs in connection with the Convention Center Project, including payments to the Contractor pursuant to the Final Settlement Agreement; and WHEREAS, the Third Amendment also approved an amendment to the Plan (the "Plan Amendment"), which Plan Amendment included the construction of a convention center headquarters hotel (the"Convention Center Hotel"); and WHEREAS,as authorized by the Third Amendment,the Agency issued its Tax Increment Revenue and Revenue Refunding Bonds, Series 2015A(City Center/Historic Convention Village) (the "2015A Bonds"), in the principal amount of$286,245,000 for refunding certain outstanding bonds and for the renovation and expansion of the Convention Center Project; and WHEREAS, as of the end of FY 2022-23, the principal amount of outstanding 2015A Bonds is$271,875,000; and 5 WHEREAS, the 2015A Bonds became subject to optional redemption on February 1, 2024, and due to favorable market conditions, it is financially beneficial to the County, the City and the Agency that the Agency issue tax increment revenue refunding bonds (the "Refunding Bonds"), to refund a portion of the 2015A Bonds in a not-to-exceed principal amount of approximately $267,000,000 and which Refunding Bonds to be issued pursuant to this Sixth Amendment will constitute"Additional Indebtedness"under the CRA Interlocal Agreement; and WHEREAS, the County wishes to approve the issuance of the Refunding Bonds; and WHEREAS, the Act authorizes the Agency to support the construction of"public areas of major hotels that are constructed in support of convention centers, including meeting rooms, banquet facilities, parking garages, lobbies, and passageways"("Public Areas"); and WHEREAS, the Convention Center Hotel will include Public Areas, such as without limitation, more than 100,000 square feet of meeting space, and the cost to construct the public areas is budgeted not to exceed$75,000,000 in present value; and WHEREAS,completion of the Convention Center Hotel as part of the Convention Center Project is essential to ensuring the viability of the Convention Center as a destination for high- profile and high-economic-impact events; and WHEREAS, the City, through Resolution 2018-30425, approved a development and ground lease agreement (the "Lease Agreement") between the City and MB Mixed Use Investment, LLC (the"Developer"), for the development and operation of the Convention Center Hotel at the location defined in the Lease Agreement(the"Hotel Parcel"); and WHEREAS, the Developer has completed the (i) design of the Convention Center Hotel in accordance with the Lease Agreement, and (ii) preparation of the Hotel Parcel for vertical construction, including the demolition and reconfiguration of existing buildings; and 6 WHEREAS, the Hotel Parcel is ready for the commencement of construction of the Convention Center Hotel upon the closing of construction financing,and due to widespread market conditions, the cost to construct the Convention Center Hotel has increased by more than $200,000,000 since the award of the Lease Agreement; and WHEREAS, debt and equity have been raised for the construction of the Convention Center Hotel,but there remains a funding gap of approximately$75,000,000 in present value(plus interest accruing during the scheduled repayment and cost of issuance shall not exceed $92,500,000), that cannot be met reasonably by current debt and equity markets; and WHEREAS, the Agency shall approve a grant agreement (the "Grant Agreement"), with MB Mixed Use Investment Holdings, LLC (the "Parent'), owner of the Developer, and Public Finance Authority,a unit of government and a body corporate and politic of the State of Wisconsin (the"Issuer"), which is in substantially the form attached to and incorporated by reference in this Sixth Amendment as Exhibit A; and WHEREAS, the Issuer will finance a grant (the "Grant'), to be made by the Issuer to finance the portion of the costs of the Convention Center Hotel attributable to the Public Areas, through the issuance of a combination of tax exempt and taxable revenue bonds to be issued by the Issuer(the"Series 2024 Bonds"); and WHEREAS, pursuant to section 2.01 of the Grant Agreement, the Issuer agrees to pay to the Parent from the proceeds of the Series 2024 Bonds, the Grant in the amount of$75,000,000, which shall be used solely for the purpose of financing a portion of the costs of constructing the Public Areas of the Convention Center Hotel; and 7 WHEREAS,pursuant to section 3.02 of the Grant Agreement,the Parent shall provide,or cause the Developer or hotel operator, as applicable, to provide certain delineated public benefits (the"Public Benefits"), with respect to the Convention Center Hotel; and WHEREAS, the RDA is expected to be finished with its financial commitment by 2036, and the RDA shall not incur additional debt or non-administrative expenses after FY 2035-36; and WHEREAS, the approval of the Grant for the Convention Center Hotel would have a countywide impact; and WHEREAS, current market conditions make it possible to refinance the 2015A Bonds, which would potentially produce significant savings; and WHEREAS, current financial projections indicate that the RDA will possess sufficient financial resources to fulfill its Grant commitments and retire all associated indebtedness by 2036; and WHEREAS, upon the anticipated conclusion of the RDA's obligations, all rights stipulated under the Grant Agreement, including entitlements to specified Public Benefits, will seamlessly transfer to the City and County, and this transfer will occur in strict accordance with applicable law; and WHEREAS, this approach ensures both the timely fulfillment of obligations and the smooth transition of responsibilities, and precludes any undue extension of the RDA's operational lifespan; and WHEREAS, the County wishes to approve the issuance of the Refunding Bonds and the execution of the Grant Agreement in substantially the form attached to this Sixth Amendment as Exhibit A; and WHEREAS, the parties have also agreed to amend Paragraph XII, as provided herein. 8 NOW,THEREFORE, for and in consideration of the premises and the mutual covenants recorded herein, the County, the City and the Agency agree as follows: A. The recitations set forth above are true and correct and adopted as part of this Sixth Amendment. B. Paragraph I11, "City Responsibilities,"subparagraph C, "Project Financing,"of the CRA Interlocal Agreement is hereby amended to add the following sub-paragraph 9: 9. The Board has approved and authorized pursuant to Resolution No. (2--1001'24 adopted on l� c0�2`� , the issuance by the Agency of bonds pledging Tax Increment Revenue from time to time, in an aggregate principal amount not to exceed $267 million, and maturing not later than March 31, 2044, in one or more series (without regard to the year(s) of issuance, the "2024 Bonds"), which will provide funds for the following purposes only: a. the amount necessary to refund a portion of the outstanding Tax Increment Revenue and Revenue Refunding Bonds, Series 2015A; and b. all costs of issuance and debt service reserves associated with the 2024 Bonds. C. Paragraph XII, "Distribution of Trust Fund Revenues," Sections "C", "D", "F", "H", and"I"of the CRA Interlocal Agreement are hereby amended,and new sections"J",and"K" are added to the CRA Interlocal Agreement, to read as follows: C. Beginning Fiscal Year 2014-15, to pay debt service, reserve deposits and other costs and obligations associated with the 2015 Bonds and any other Agency Indebtedness, including the 2024 Bonds. Words stricken through shall be deleted. Underscored words shall be inserted. Remaining provisions are now in effect and shall remain unchanged. 9 D. In addition to the annual funding that the City currently receives from Convention Development Taxes, beginning in FY 2017-18,and ending in FY 2035-36, or the earlier of the termination or expiration of the taxing authorities' obligation to appropriate Tax Increment Revenues to the Fund, or the date that the Convention Center is no longer in operation as a publicly owned convention center, the Agency shall remit to the City a Convention Center operating and maintenance subsidy in the amounts for such years set forth below. For FY 2017-18, the amount of the annual subsidy is equal to $1 million. This amount will increase by $750,000 each fiscal year thereafter until it equals $4 million in FY 2021-22. For FY 2022-23, through and including FY 2024-25, the annual subsidy will remain equal to $4 million. Beginning FY 2025-26, and ending FY 2035-36, or the earlie f of the tefminatien or expiration ef the taxing auther-ifies' obligation to appr-ep the Tay. iner-ement Revenues to the Fund or the date that the Cenvent the annual subsidy shall equal the prior fiscal year's annual subsidy adjusted by the lesser of the Miami Urban Area CPI to be calculated using the Miami Fort Lauderdale All Urban Consumers CPI from July to June for the prior year or 4 percent annually. The City and the Agency agree that such funds shall only be used to fund operating and maintenance costs of the Convention Center. F. Beginning in FY2014-15, and ending on FY 2035-36 or- the ealie termination or-expiration ef the taxing authorities' ebligation to appr-Op Tax i„...-eme„t Revenue to the>r,.„a,Tax Increment Revenues shall fund the Agency's expenses for Administration, Community Policing, and Capital Projects Maintenance, defined to include only those categories listed in the Agency's FY2013-14 adopted budget approved by the Board pursuant to County Resolution No. R-512-14, a copy of which is attached hereto as Exhibit D and is incorporated herein by this reference. For fiscal year 2014- 15, the use of Tax Increment Revenues for such expenses shall not exceed $11.721 million which has been adjusted for CPI as defined below,of which $11.251 Million is the aggregate amount budgeted for these items, as referenced in Exhibit D plus and additional $200,000 for Capital Project Maintenace (which shall not be used for maintenace of the Pennsylvania Avenue Shops and Garage). Beginning fiscal year 2015-16 until fiscal year 2035-36 , the use of Tax Increment Revenues to fund the Agency's expenses for Administration,Community Policing,and Capital Project Maintenance shall not exceed the prior fiscal year's distribution for such expenses, adjusted by the lesser of the Miami Urban Area CPI or 3 percent annually to be calculated using the Miami Fort Lauderdale All Urban Consumers CPI from July to June for the prior year. Additionally the Agency will pay the County an Administrative fee based on 1.5 percent of the County's Tax Increment Revenue contribution in that year. 10 The Agency will also pay the City 1.5 percent of the City's Tax Increment Revenue contribution in that year. H. Beginning FY 2014-15 and ending on the earlier of March 31, 2023,or the termination or expiration of the taxing authorities' obligation to appropriate Tax Increment Revenue to the Trust Fund, the Agency shall, within ninety (90) days from the conclusion of each fiscal year, deposit any unencumbered amounts on deposit in the Trust Fund and all available revenues remaining after distribution of Tax Increment Revenues in the order, priority and amounts set forth in Sections A through G above, into a fund to be used for the purposes of financing any shortfalls associated with the payment of the expenses as listed in Section F above. Such deposits to such fund shall only be made if it will not negatively affect the exclusion from gross income, for federal income tax purposes, of interest on any tax- exempt Agency Indebtedness. After the above application,the excess funds in the Trust Fund as of the end of FY 16/17 shall be distributed as follows: 1. Of the approximately $34 million in revenues remaining on deposit in the Trust Fund as of the Agency's year-end for FY 2016-17,the Agency shall distribute$6,914,221 to the City, for the limited purpose of funding a portion of the construction costs for the Convention Center Project; and 2. After disbursement to the City pursuant to Section H.1 above, the Agency may distribute an amount up to $20,000,000 to the City, for the limited purpose of funding a portion of the design and construction costs for the Lincoln Road / Collins Avenue to West Avenue Project, for the refurbishment of the Lincoln Road pedestrian mall from Collins Avenue to West Avenue, and adjacent corridors (the "Lincoln Road Project"), which distribution pursuant to this Section H.2,together with the $20 million previously authorized for the Lincoln Road Project, provides for total funding from excess Tax Increment Revenues of up to$40,000,000 for the Lincoln Road Project. 3. After the end of FY 2020-21 shall be distributed as follows: of the approximately $31,900,000.00 in excess Trust Fund revenues remaining on deposit in the Trust Fund as of the Agency's year-end for FT 2020-21, the Agency shall distribute $27,100,000.00 to the City, for the limited purpose of funding, and reimbursing the City for, the remaining project costs in connection with the Convention Center Project, including payment to the Contractor pursuant to the Final Settlement Agreement. All other remaining revenues in the Trust Fund (including, without limitation, any remaining excess revenues at the end of FY 2020-21) may 11 be used by the Agency to refund the Series 2015A Bonds or in accordance with the provisions of Section I of this Paragraph XII, below. will-he-used to extinguish Agene„ indebtedness early, but not prior- to FY 2023 74 +o the-eMent-sueh--Ageney indebtedness-is subjeet to prepayment-ef redemption prior-to maturity .,t n ,eh t if n„eh A genet' indebtedness is net-then-pub}eet-to prepayment or redemption r-ierto rna •`y, to ,eh A gene„ indebtedness .,t s,eh time- ..n the A gene„ indebtedness 4 subjerat to prepayment OF r-edemptien prior to fprovided, , that sueh eserow shall only be established if it will net negatively affeet fbr- federal tax purposes, of interest on any seeh tax exempt Ageney indebtedness. The City and the Agency agree not to issue Capital Appreciation Bonds or similar debt that does not pay interest on a current basis. The City and the Agency also agree that any Agency Indebtedness pledging Tax Increment Revenues issued for the purposes set forth herein shall include a call provision allowing such Agency Indebtedness to be called no later than ten (10) years after initial issuance. if the A gene„ indebtedness is not ,.h:eet to repayment e redemption , „ t ri „, nd.,n eannet he establishes then the escrow Ageney shall distribute annually , revenues n deposit in the Fund after-distribution as set forth in Seetiens A through H ef this Paragraph X11,to the taxing the proportionate :t was deposited. 1. Beginning FY 2023-24 and ending on the earlier of March 31,2044,or the termination or expiration of the taxing authorities' obligation to appropriate Tax Increment Revenue to the Trust Fund, the A„ene„ shall, within ninety (90)da s from e—G9icl�rof eaGh- fisealye&r,deposit any unencumbered amounts on deposit in the Trust Fund and all availabl-e revenues rernainin after distribution of Tax Increment Revenues may be used in the order, priority and amounts set forth in Sections A through H above may be used by the Ageney&er time to time for.,n ,l,...',1 as aefeed to by the Ce nt and th A d 'F nd t th tent a-crrcrcg�roy�ira�crurra-co-crco-oiccvrrrrcquiicd _ e extinguish A;cnvi"indebtedness early,to the extent such Agency indebtedness is „h:eet to prepayment or- redemptionprior- to maturity at n ,eh tune genet' indebtedness: not then subjeet to prepayment or red * to Fneiturity, to establish an eserew fer the prepayinent a red emption prier to maturity y of such A gene„ indebted,., at such time as the Agency indebtedness is ub:eet is prepayment provided,redemption prior- to maturity; enly be established :Fit will net negatively a ff- et the a el„s:en from f federal l t r eraa„purposes,of interest o a .eh tax a e pt A gene„ ' 1tdebtedt�ess The City and the Agency agree not to issue Capital Appreciation Bonds or similar debt that does not pay interest on a current basis. The City and the Agency also agree that any Agency Indebtedness pledging Tax Increment Revenues issued for the purposes set forth herein shall include a call provision allowing such Agency Indebtedness to be 12 called no later than ten (10) years after initial issuance. if the Age„ff and an indebtedness is not s*eet to repayment or r-edemptien pr-ier- to matufity-, as met f.-th in Seetiens A through TJ .,F this D «.,.,». ph VTT, to the taxing auther-ities in the pr-opeffienate manner as it was deposited. J. Beginning FY 2036-37 and until the earlier of March 31, 2044, or the termination or expiration of the taxing authorities' obligation to Upropriate the Tax Increment Revenues to the Fund, the Agency shall refund to the County and City any funds available in the Trust Fund in the same manner as it was deposited. K. By March 31,2025, the Agency shall provide the entire surplus balance,up to $10 million in funding from the available trust fund balance as of September 30, 2024, to the County to address and be used to construct/operate housing for homeless persons and domestic violence centers. D. Section XVII of the CRA Interlocal Agreement is hereby created, to read as follows: XVII. Grant Agreement. The Agency is hereby authorized to enter into a Grant Agreement with the Convention Center Hotel Developer. The Agency, City, and County, until March 31 2044, or the termination or expiration of the taxing authorities' obligation to appropriate Tax Increment Revenue to the Trust Fund, will ensure all agreed upon terms and conditions, as approved in the Grant Agreement with the Convention Center Hotel Developer, a copy of which is attached hereto as Exhibit X and is incorporated herein by this reference, are implemented substantially in accordance to the Grant Agreement. The County and City shall be third party beneficiaries of the Grant Agreement with respect to: (i) construction commencement of the Convention Center Hotel,(ii)assignment of the Grant Agreement; (iii)Convention Center Hotel Public Benefits, and(iv)enforcement of any rights and/or obligations in conformity with specific sections of the Grant Agreement. For the avoidance of doubt, the obligation to make payments assumed by the Agency pursuant to the Grant Agreement shall consitute Agency Indebtedness. Beginning on the fifth (5th) anniversary of the Opening of the Convention Center Hotel,the Parent shall pay to the County one hundred percent 0 00%)of the Annual Fee,as stated under Section 3.02(a),(b),and(c)of the Public Benefit Commitments of the Grant Agreement between the Agency,MB Mixed Use Investment Holdings, LLC and Public Finance Authority, of which fifty percent ,50%) of said Annual Fee shall be used to fund supportive housing for individuals and families experiencing homelessness and domestic violence centers. 13 In the event of an arm's length sale,assignment or transfer of the Convention Center Hotel, as stated under Section 3.02(d) of the Public Benefit Commitments of the Grant Agreement between the Agency, MB Mixed Use Investment Holdings LLC and Public Finance Authority,the seller in such transaction shall pay to the County one hundred percent(100%)of the one time Transfer Fee,equivalent to two percent (2%) value of the gross sale proceeds of the sale, assignment, or transfer, of which fifty percent (50%) of said Transfer Fee shall be used to fund supportive housing for individuals and families experiencing homelessness and domestic violence centers. E. All provisions of the CRA Interlocal Agreement, other than the provisions specifically amended herein, remain in full force and effect. [SIGNATURES APPEAR ON THE FOLLOWING PAGE] 14 IN WITNESS WHEREOF, the parties have executed this Sixth Amendment as of the date first written above. CITY OF MIAMI BEACH MIAMI-DADE COUNTY By: By: Eric Carpenter ,,,, Daniella Levine Cava City Manager :=r ' Mayor •' ;,W..3 "*,. , ATTEST: IN(OR° ORAiEO' YUANP"ANDELIARQUIN, CLERK OF nE COURT AND COMPTROLLER ATTEST _ -FATTEST —4 By: COUN City Clerk Deputy Clerk : O r M J •.coR�oa:'�� Eva Osorio-e405757 Approved for form and legal sufficiency Approved for form and legal suffi ' ncy By: C/ By. City A ey Assistant CountAt MIAMI BEACH REDEVELOPMENT AGENCY By: Eric Carpenter Executive Director Attest: By: - 7NOV 2 5 102-", Secretary Approved for form and legal sufficiency By: UE) Ricardo opico General Counsel 1s From: Fernandez,Jorge (OMB)<iiorge@miamidade.gov> Sent: Friday, March 21, 2025 1:51 PM To: Carpenter, Eric<EricCarpenter@miamibeachfl.gov> Cc: Clodfelter, David (OMB) <David.Clodfelter@miamidade.eov>; Greene,Jason<JasonGreene@miamibeachfl.gov>; Dopico, Ricardo<RicardoDopico@miamibeachfl.gov>; Cao, Vivian (OMB) <Vivian.Cao@miamidade.gov>; Brian May <bmay3@me.com>; Cervone,Johanna (Office of the Mayor) <Johanna.Cervone@miamidade.gov>; Appleton, Richard (CAO) <Richard.Appleton@miamidade.gov>; Hope, David (CAO)<David.Hope@miamidade.gov> Subject: Miami Beach RDA Grant Agreement Approval [THIS MESSAGE COMES FROM AN EXTERNAL EMAIL- USE CAUTION WHEN REPLYING AND OPENING LINKS OR ATTACHMENTS ] Dear Mr. Carpenter: As the Mayor's designee for Community Redevelopment Agencies in Miami-Dade County, and in accordance with Resolution R-1002-24, Miami-Dade County hereby approves the attached Grant Agreement as the final form of the Grant Agreement required by the Sixth Amendment to the RDA Interlocal Agreement between Miami-Dade County, the City of Miami Beach, and the Miami Beach Redevelopment Agency. Should you have any questions, please feel free to reach out. Jorge M. Fernandez Deputy Director Office of Management & Budget Miami-Dade County 111 NW First Street Suite 2210 Miami, FL 33128 Office: 305-375-5143 Mobile: 305-546-1217 iorge@miamidade.gov 1