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1B-Adopt RDA Capital Budget And Capital Improvement Plan For FY 2013-14-2017-18REDEVELOPMENT AGENCY ITEM SUMMARY Condensed Title: A resolution of the Chairperson and Members of the Miami Beach Redevelopment Agency, adopting and appropriating the Miami Beach Redevelopment Agency Capital Budget for Fiscal Year (FY} 2013/14 and adopting the Capital Improvement Plan for FY 2013/14-2017/18 Key Intended Outcome Supported: Ensure well designed quality capital projects--Increase Community Satisfaction with City Services Supporting Data (Surveys, Environmental Scan, etc.): Based on the 2012 community survey, recently completed capital projects were highly rated by both residents and businesses. In the 2012 survey, arts and culture were identified as services the city should strive not to reduce; and availability of public parking, was one of the factors identified as key drivers of overall satisfaction levels. Item Summary/Recommendation: The CIP was created as a plan for projects that require significant capital investment and is intended to serve as an official statement of public policy regarding long-range physical development in the City of Miami Beach and the Miami Beach RDA, establishing priorities for the upcoming five year period, FY 2013/14-2017/18. The first year of the CIP is recommended for approval as the FY 2013/14 Capital Budget. The Proposed City Center RDA Capital Budget for FY 2013/14 therefore totals $16.954 million and the Proposed FY 2013/14 Capital Budget for the RDA Anchor Garage totals $485,000. The FY 2013/14 proposed Capital Budget includes appropriations for the construction of the Collins Park Garage; the Bass Museum Interior Expansion; improvements to Euclid Avenue, City Center 9B and Lincoln Road Master Plan Study. Advisory Board Recommendation: On July 1 0, 2013, the Proposed Capital Budget and updated Capital Improvement Plan were discussed at meetings of the Finance and Citywide Projects Committee and the proposed Capital Budget and CIP reflects the funding recommendations from that meeting. Financial Information: Source of Amount Account ~ 1 $16,954,000 City Center RDA $ 485,000 RDA Anchor Garage 2 Total $17,439,000 Financial Impact Summary: Si n-Offs: RDA Assistant Director KGB .. ,· T:\AGENDA\2013\September 30\RDA Capital Budget Summary 13_14.doc MIAMI BEACH 323 AGENDA ITEM _f-:::8=--::::-~ DATE f-.Jo-e~ .... MIAMI BEACH City of Miami Beach, 1700 Convenlion Center Drive, Miami Beach, Florida 33139, www.miamibeochll.gov COMMISSION MEMORANDUM TO: FROM: DATE: Chairperson Matti Herrera Bower and Redevelopment Agency Jimmy L. Morales, Executive Director September 30, 2013 embers of( the Miami Beach I, / \, k-=~_, ) I SUBJECT: A RESOLUTION OF THE CHAIRPERS N AND MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY, A OPTING AND APPROPRIATING THE MIAMI BEACH REDEVELOPMENT AGENCY CAPITAL BUDGET FOR FISCAL YEAR (FY) 2013/14 AND ADOPTING THE CAPITAL IMPROVEMENT PLAN FOR FY 2013/14-2017/18 ADMINISTRATION RECOMMENDATION Adopt the Resolution. BACKGROUND Planning for capital improvements is an ongoing process; as needs change within the City's Redevelopment District ("RDA"), capital programs and priorities must be adjusted. The Capital Improvement Plan (''CIP") serves as the primary planning tool for systematically identifying, prioritizing and assigning funds to critical City and RDA capital development, improvements and associated needs. The RDA capital improvement plan process began in the spring when all departments are asked to prepare capital improvement updates and requests on the department's ongoing and proposed capital projects. Individual departments prepare submittals identifying potential funding sources and requesting commitment of funds for their respective projects. The proposed document is reviewed by the City Manager, and upon approval, is submitted to the Finance and Citywide Projects Committee and the City Commission/Redevelopment Agency Board for final approval and adoption. The CIP was created as a plan for projects that require significant capital investment and is intended to serve as an official statement of public policy regarding long-range physical development in the City of Miami Beach. The CIP specifies and describes the City's capital project plan and establishes priorities for the upcoming five year period. Individual projects within neighborhood areas have been combined to create "packages" of projects that address the neighborhood needs for infrastructure upgrades, traffic flow, enhancements, etc. This comprehensive approach minimizes disruptions and generates costs savings. The projects address many needs in different areas of the City including: neighborhood enhancements such as landscaping, sidewalk restoration, traffic calming, lighting, parking, water and sewer system improvements, drainage improvements and roadway resurfacing/reconstruction; park renovation and upgrades; and construction or renovation of public facilities. 324 City Commission Memorandum Resolution Adopting FY 2013114 Capital Budget and FY 2013114-2017118 C/P for the RDA September 30, 2013 Page2 The Administration is presenting the proposed FY 2013/14 Capital Budget and the updated CIP for FY 2013/14-2017/18, following a comprehensive review of the CIP to insure that the Plan accurately reflects all project budgets, funding sources and commitments, for adoption by the City Commission. ANALYSIS Capital Improvement Plan The FY 2013/14-2017/18 CIP for the City of Miami Beach and the RDA is a five year plan for public improvements and capital expenditures by the City and the RDA. This document is an official statement of public policy regarding long-range physical development in the City of Miami Beach and the RDA. The approved Capital Improvement Plan has been updated to include projects that will be active during FY 2013/14 -2017118. The Plan has been updated to include additional funding sources that have become available, changes in project timing, and other adjustments to ongoing projects as they have become better defined. Certain adjustments have been made to reflect projects that have been reconfigured, re-titled, combined with or separated from other projects and/or project groupings and are the result of a comprehensive review of the program to insure that our plan accurately reflects all project budgets, funding sources and commitments. Available Capital Funding Based on the 2013 Certified Taxable Value of the City Center Redevelopment Area (RDA), property values have risen 7.3% for FY 2013/14. Net of operating costs, the RDA will generate $16.954 million in available funding for capital projects in the City Center RDA. Proposed RDA Capital Budget The City Center RDA FY 2013/14 renewal and replacement projects total $67,000. In addition, the City Center RDA FY 2013/14 proposed Capital Budget of $16.887 million includes $12.2 million in funding for the construction of the Collins Park Garage, $3.75 million for the Bass Museum Interior Expansion, $69,000 for the Euclid Avenue Improvements, $326,000 for the City Center 9B project, and $500,000 for the Lincoln Road Master Plan Study. The Anchor Shops and Parking Garage Fund, which is separate because it is not part of the Tax increment funding of the RDA, has proposed capital projects of $240,000 for Phase II of the upgrade to the gated parking revenue control system and $25,000 for a garage structural engineering study. It also has FY 2013/14 renewal and replacement needs totaling $220,000 and $265,000 for capital projects in the Anchor Garage. CONCLUSION: The Administration recommends adoption of the attached Resolution, which establishes the Capital Budget for the RDA for FY 2013/14 and the Capital Improvement Program for FY 2013/14-2017/18. JLM/KGB/MAS T:\AGENDA\2013\September 30\RDA Capital budget memo 13_14.doc 325 365 463 w N 0) CITY OF MIAMI BEACH REDEVELOPMENT AGENCY 2014 CAPITAL BUDGET-FUNDING SUMMARY City Center RDA Capital Fund pgmculcamp pkcbassph2 pwseucimpr rwscchvb9b rwslincrmp rrscolorcc rrscolormr Capital Projects Collins Park Parking Garage Bass Museum Interior Space Expansion Reserve-Euclid Ave Imp at Lincoln Rd City Center-Commercial Dist BP9B Lincoln Road Master Plan Study Renewal & Replacement Colony Theater Condenser Coils Replace Colony Theater Roof Maintanace Total Total Grand Total City Center RDA Capital RDA-Anchor Garage Fund eqcrevcep2 pgnanchsen rrsanchrep Capital Projects Revenue Control Eqp Phase II Anchor Garage Structural Eng Study Renewal & Replacement Anchor Garage Repair and Upkept Total Total Grand Total Attachment A 12,242,000 3,750,000 69,000 326,000 500,000 16,887,000 40,000 27,000 67,000 16,954,000 240,000 25,000 265,000 220,000 220,000 485,000 PROJECT NAME FUNDING 365 trs16stops pgc17stefr rws17thstn rrm21strcr pksllnrosl rwsalleywy pwcastrprp encanlmalw rrmbassebb rrmbassext rrmbassmgr rrmbasshpr rrmbasshvc rrmbassher rrmbassmlr pkcbassph2 City Center RDA Capital Fund W rmbasslcl ~ rmbasswsp pfcbeachsh encbchwlrf pgcblkeprk pkcblcpph2 rrccarlccl rrccfcrgds rrccfchrfr rwscltyctr rwscltylfe rwscchvb9b rwccltywcr trcwayflnd enccollcep rwscollpar pgmculcamp rrscolorcc rrscolormr pfsctllght rwmconvctr rwccrosswa pgmculcii trmdlrslgn rwsflambpc rrcgardenc rwmlincoln 16th St. Operational lmprov/Enhancement 17th Street Garage East Facade Retail 17th Street North lmprv Penn Av to Wash 21st St. Recreation Center Repairs and R 400 Block Lincoln Rd Site lmprov Wing Alleyway Restoration Program Ph I Aluminum Streetlighting Pole Replacement Animal Waste Dispensers/Receptacles Bass Museum Electrical Breaker Box Repla Bass Museum Exterior Lighting Replacemen Bass Museum Generator Replacement Bass Museum Heat Pump Replacement Bass Museum HVAC Replacement Bass Museum Hydraulic Elevator Replaceme Bass Museum Insulation Replacement Bass Museum Interior Space Expansion Bass Museum Light Controls and lnstrumen Bass Museum Weather Seal & Paint -R&R Beach Shower Replacement & Renovations Beachwalk Lighting Retrofit Bicycle Parking-Phase I Bicycle Parking Phase II Garl Fisher Clubhouse Exterior Window Cart Fisher Clubhouse Replace Gutter-R&R Cart Fisher Clubhouse Roof Replcmnt -R&R CCHV Neigh.lmprov.-Historic Dist. BP9A City Center 9A Legal Fees City Center-Commercial Dist BP9B City W Curb Ramp Installation/Main! Citywide Wayfinding Signage System Collins Canal Enhancement Project Collins Park Ancillary Improvements Collins Park Parking Garage Colony Theater Condenser Coils Replace Colony Theater Roof Maintanace Colony Theater Stage Lighting Retro Fit Convention Center Lincoln Rd Connectors Crosswalks Cultural Campus Parking Garage II Directory Signs in the City Center ROW Flamingo Neighborhood -Bid Pack C Garden Center Lighting Fixtures and Wiri Lincoln Rd Between Collins & Washington 2014-2018 Prior Years 932,000 0 0 118,259 0 600,000 200,000 25,000 38,968 42,308 51,779 59,225 84,456 66,127 27,911 D 57,070 27,478 8,750 665,625 33,750 9,000 53,720 25,795 105,600 17,420,379 0 13,209,842 1,500 431,840 3,000,000 4,000,000 13,479,271 0 0 65,000 0 21,000 0 108,268 752,900 73,725 2,516,583 CITY OF MIAMI BEACH REDEVELOPMENT AGENCY CAPITAL PLAN • FUNDING SUMMARY 2013/14 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3,750,000 0 0 0 0 0 0 0 0 0 (2,231 ,000) 350,000 326,000 0 0 0 0 12,242,000 40,000 27,000 0 0 0 0 0 0 0 0 2014/15 0 0 0 0 0 0 0 0 0 0 a 0 0 0 0 3,750,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 a 0 0 0 0 2015/16 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2016/17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 a 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 a 0 2017/18 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Future 0 2,500,000 2,000,000 0 50,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10,000,000 0 12,400,000 0 0 0 0 Total 932,000 2,500,000 2.000,000 118,259 50,000 600,000 200,000 25,000 38,968 42,308 51,779 59,225 84,456 66,127 27,911 7,500,000 57,070 27,478 8,750 665,625 33,750 9,000 53,720 25,795 105,600 15,189,379 350,000 13,535,842 1,500 431,840 3,000,000 4,000,000 25,721,271 40,000 27,000 65,000 10.000,000 21,000 12,400,000 108,268 752,900 73,725 2,516,583 pwsllnclan lincoln Rd Landscaping-Lenox to Wash. 150,000 0 0 0 0 0 0 150,000 rrsllncmfp Lincoln Rd. Mall Fountain Pump, Landscap 62,315 0 0 0 0 0 0 62,315 pksllnrdft lincoln Road Landscaping FY 13 150,000 0 0 0 0 0 0 150,000 pkslinrdls lincoln Road Mall ADA Pedestrian pathway 87,500 0 0 0 0 0 0 87,500 rwsllncrmp Lincoln Road Master Plan Study 0 500,000 0 0 0 0 0 500,000 rwsllnwash Lincoln Road Washington Av to Lenox Ave 0 0 10,000,000 10,000,000 0 0 0 20,000,000 pkmcolpuar Maze Project 21 St & Collins Avenue 135,000 0 0 0 0 0 0 135,000 rrmmcbemlr Miami City Ballet Emer Light Repl -R&R 52,863 0 0 0 0 0 0 52,863 rrmmcbexcr Miami City Ballet ext Cncrte Rest -R&R 50,875 0 0 0 0 0 0 50,875 rrmmcbfasr Miami City Ballet Fire Alarm Sys -R&R 295,260 0 0 0 0 0 0 295,260 rrmmcbwdre Miami City Ballet Window Replacement-R&R 86,491 0 0 0 0 0 0 86,491 rwpedscosi Pedestrian Countdown Signals Ph I 56,000 0 0 0 0 0 0 56,000 pkmnwsgara Pennsylvania (New World Symphony) Garage 17,085,135 0 0 0 0 0 0 17,085,135 pgcprefgar Preferred Lot Parking Garage 0 0 0 0 0 0 70,000,000 70,000,000 pwseuclmpr Reserve -Euclid Ave Imp at Lincoln Rd 416.820 69,000 0 0 0 0 0 485,820 enmbotancc Seawall-Botanical Gard/Collins Canal Cor 1,208,662 0 0 0 0 0 0 1,208,662 enctrashrp Trash Receptacles 25,000 0 0 0 0 0 0 25,000 rwswestrow West Avenue/Bay Road Improvements 750,000 0 0 0 0 0 0 750,000 Sum: 78,925,050 15,073,000 13,750,000 10,000,000 0 0 96,950,000 214,698,050 463 RDA -Anchor Garage Fund rrsancacrp Anchor Garage A/C Replacement -R&R 86,020 0 0 0 0 0 0 86,020 rrsanchelr Anchor Garage Elevator Replcmnt -R&R 357,995 0 0 0 0 0 0 357,995 rrsanchrep Anchor Garage Repair and Upkept 0 220,000 0 0 0 0 0 220,000 rrsancsrfr Anchor Garage Roof Replcmnt -R&R 95,645 0 0 0 0 0 0 95,645 ~ tgnanchsen Anchor Garage Structural Eng Study 0 25,000 0 0 0 0 0 25,000 00 rsanchors Anchor Shops Fire System Replacement 75,845 0 0 0 0 0 0 75,845 pgccctvgar Closed Circuit Television System 172,900 0 0 0 0 0 0 172,900 pgcpayfoot Pay on Foot (POF) Machines 250,000 0 0 0 0 0 0 250,000 eqcrevcep2 Revenue Control Eqp Phase II 0 240,000 0 0 0 0 0 240,000 Sum: 1,038,405 485,000 0 0 0 0 0 1,523,405 467 Fund 467 Penn Garage pgccctvgar Closed Circuit Television System 20,000 0 0 0 0 0 0 20,000 eqcrevcep1 Revenue Control Eqp Phase I 69,000 0 0 0 0 0 0 69,000 Sum: 89,000 0 0 0 0 0 0 0 89,000 RESOLUTION TO BE SUBMITTED 329 ..... --, THIS PAGE INTENTIONALLY LEFT BLANK 330