C6A-Report- Finance And Citywide Projects Committee Meeting On May 20 2014E MIAMIBEACH
City of Miomi Beqch, 1200 Convention Cenler Drive, Miomi Beoch, Florido 33139, www. miomibeochl .gov
COMMITTEE MEMORANDUM
To: Mayor Philip Levine and Members the City tsston
Jimmy L. Morales, City Manager
June 11, 2014
SUBJECT:REPORT OF THE SPEC FINANCE AND CITYWIDE
PROJECTS COMMITTEE MEETING ON MAY 20,2014
The agenda is as follows:
OLD BUSINESS
1. Discussion of Miami Beach Gonvention Center Construction and Booking
Schedule
ACTION
Finance and Gitywide Projects Gommittee reviewed and considered the
information and separated the discussion into two separate
recommendations, The first recommendation is that the timeframe of the
Convention Center project not exceed 36 months, but with a goal of
completing construction within 24-30 months. The second
recommendation was for staff to go contact all events on the priority list to
determine if they could take place without usage of the P-Lot, with access
to no more than two (2) exhibit halls and with limited or compressed load-
in/out.
NEW BUSINESS
2. Discussion regarding South Shore Community Center
ACTION
The Committee recommended that ninety (90) days prior to the expiration
of the Term, re-negotiate a reasonable increase in the operating expenses
up to a maximum of $11.06 per square foot.
3. Discussion regarding Financial lmpact of the Proposed Roadway Closure
Applications for 87 Street and 87 Terrace Filed by 8701 Collins
Development
Agenda ltem
Date
FROM:
DATE:
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ACTION
The Committee recommended referring this item to Land Use and have the
appraisal be re-evaluated. The item is to be brought back to the June
Finance Committee meeting.
4. Discussion regarding Adoption of an Updated Strategic Plan for the
Gultural Affairs Program, to include utilization of Fillmore Community
Benefit Fund, Cultural Arts Council Endowment, and Cultural Affairs
Program Fund Balance Funds for Greater Gultural Benefits for Residents
and Visitors
AGTION
The Committee recommended going back to the Cultural Arts Counci! to
update the Strategic Plan and funding needs. To be brought back to the
Finance Committee before July if it needs to be included in next year's
budget.
5. Discussion regarding whether or not to renew The Lease Agreement
("Lease") between The Gity of Miami Beach, Florida ("City") and Mystery
Park Arts Company, !nc. ("SOBE Arts"), having an initial term of five (5)
years, commencing on January 13, 2010 and ending on January 12,2015,
with an option to renew, at the City's Sole and absolute discretion, for two
(2) additional two (2) year periods, in connection with property located at
2100 Washington Avenue, Miami Beach, Florida ("Demised Premises")
ACTION
The Committee recommended continuing the Lease Agreement with So-Be
Arts through the end of August 2015 and then any renewal beyond that
point would have to be on a month to month basis with the Convention
Center renovations due to start January 2016.
6. Discussion regarding Police and Parking Department Towing Permit
Requirements
ACTION
The Committee recommended no action and that Sau! Frances Parking
Director follow up on the implementation of the technology enhancements.
This item is to be brought back to the September Finance Committee
Meeting.
7. Update - Discussion regarding Stormwater Future Bonds and Proposed
Rates
ACT!ON
The Committee moved this item without recommendation.
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JO!NT lTEM
L Discussion regarding the funding of the expansion (approximately double
the size) of the Emergency Department at Mt. Sinai, and the creation of an
Emergency Management Office for the City of Miami Beach
ACTION
The Committee recommended that a resolution be prepared by the City
Attorney that states the following fundamental business issues and terms
which are subject to further negotiation: The City would authorize a grant
agreement in the principle amount between $15,000,000 and 918,750,000
which is the $15,000,000 plus interest to be paid in equal principle
installments of $1,250,000 over a 15 year period. That would be secured by
a covenant to budget. Mt. Sinai would provide the City a minimum of up to
2,000 square feet for the Emergency Operating Center. The lease between
Mt. Sinai and the City would be a minimum of 30 years for a rental amount
of $1 per year.
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