1B-Joint Adopt FY 2014-15 RDA Capital Budget And Capital Improvement PlanREDEVELOPMENT 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) 2014115 and
the Capital lm Plan for FY 2014115-2018119
Ensure well designed quality capital projects -- lncrease Community Satisfaction with City Services
Supporting Data (Surveys, Environmental Scan, etc.): Based on the 2012communitysurvey, recently
completed capital projects were highly rated by both residents and businesses. lnthe2012 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
2014115 - 2018119. The first year of the CIP is recommended for approval as the FY 2014115 Capital
Budget.
The Proposed City Center RDA Capital Budget for FY 2014115 therefore totals $310.050 million and the
Proposed FY 2013114 Capital Budget for the RDA Anchor Garage totals $2.719 million. The FY 2014115
proposed Capital Budget includes: Miami Beach Convention Center Expansion & Renovation; Convention
Center Lincoln Rd Connectors; 17th Street North lmprovements; Refurbishment of Lincoln Road
strian mallfrom Washi Avenue to Lenox Avenue: and the Bass Museum lnterior
On July 16,2O14, the Proposed Capital Budget and updated Capital lmprovement Plan were discussed at
meetings of the Finance and Citywide Projects Committee and the proposed Capital Budget and CIP
reflects the fundinq recommendations from that
Financial lnformation :
Source of
Funds:
Amount Account
1 $310,050.000 Prooosed Future RDA Bondslpal- oBPl-2
$ 2,719,000 RDA Anchor Garage
Total $312,769,000
Financial lmpact Summary:
Max Sklar Daniels and John Woodruff
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AGE''TDA,,'* I6($ MIAMI BHACH alrre q-3o-lV
297
C MIAMIBEACH
€iiy of Miomi Beoch, I700 Convenlion Center Drive, Miomi Beoch, Florido 33I 39, www.miomibeochfl.gov
COMMISSION MEMORANDUM
TO: Chairperson and Members of the Miami Agency
FROM: Jimmy L. Morales, Executive Director
DATE: September30,2014
SUBJECT: A RESOLUTION OF THE C AND MEMBERS OF THE MIAM!
BEACH REDEVELOPMENT AGENCY, ADOPTING AND APPROPRIATING THE
MIAM! BEACH REDEVELOPMENT AGENCY CAPITAL BUDGET FOR FISCAL
YEAR (FY)2014115 AND ADOPTTNG THE CAPTTAL TMPROVEMENT PLAN FOR
FY 2014t15 -2018t19
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
lmprovement Plan ("ClP") 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. lndividual 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.
lndividual 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.
298
City Commission Memorandum
Resolution Adopting FY 201 4/1 5 Capital Budget and FY 2014/1 5 - 201 8/19 CIP for the RDA
September 30, 2014
Page 2
The Administration is presenting the proposed FY 201 4115 Capital Budget and the updated CtP
for FY 2014115 - 2018119, following a comprehensive review of the CIP to insure that the PIan
accurately reflects all project budgets, funding sources and commitments, for adoption by the
City Commission.
ANALYSIS
Gapital lmprovement Plan
The FY 2014115 - 2018/19 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 lmprovement Plan has been updated to
include projects that will be active during FY 2014115 - 2018119.
The Plan has been updated to include additionalfunding 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
Funding for capital projects in the City Center RDAwill come from Proposed Future RDA Bonds
and the RDA Garage Fund.
Proposed RDA Capital Budget
The City Center RDA FY 2014115 proposed Capital Budget includes:
Bass Museum lnterior Space Expansion S3,75o,ooo
Convention Center Lincoln Rd Connectors & 17th St
N. lmprovement Penn Ave to Wash 512,000,000
Lincoln Rd / Washington Ave to Lenox Ave 520,000,000
Convention Center Expansion & Renovation 5274,300,000
The RDA Garage Fund which is separate because it is not part of the Tax increment
funding of the RDA has proposed renewal and replacement needs totaling $650,000 and
$2,069,000 for Collins Park Garage.
CONCLUSION:
The Administration recommends adoption of the attached Resolution, which establishes the
Capital Budget for the RDA for FY 2014115 and the Capital lmprovement Program for FY
20141tr6- 2018t19.
ur-nuSnr,rns
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299
RESOLUTION NO.
A RESOLUTION OF THE CHAIRPERSON AND MEMBERS OF THE MIAMI
BEACH REDEVELOPMENT AGENCY (RDA) ADOPTING AND
APPROPRIATING THE MIAMI BEACH REDEVELOPMENT AGENCY
GAPITAL BUDGET FOR FTSCAL YEAR (FYl2014t15 AND ADOPTING THE
CAPITAL IMPROVEMENT PLAN FOR FISCAL YEARS 2014115 THROUGH
2018t19.
WHEREAS,lhe2Q14l15-2018/19 Capital lmprovement Plan (ClP) forthe Miami Beach
RedevelopmentAgency (RDA) is a five year plan for public improvements and capital expenditures
by the RDA; and
WHEREAS, the CIP is an official statement of public policy regarding long-range physical
development in the City of Miami Beach; and
WHEREAS, the Proposed Capital Budget for FY 2014115 itemizes project funds to be
committed during the upcoming Fiscal Year detailing expenses for project components which
include architects and engineers, construction, equipment, Art in Public Places, and other project
costs; and
WHEREAS, on July 16, 2014, funding needs for the FY 2014115 Proposed Capital
Budget and CIP were discussed at a meeting of the City of Miami Beach Finance and Citywide
Projects Committee and the funding recommendations are reflected in the proposed CIP; and
WHEREAS, the proposed RDA Capital Budget for FY 2014115 totals $310.050 million;
and
WHEREAS, the proposed Anchor Garage Capital Budget for FY 2014115 totals $2.719
million in Renewal and Replacement projects; and
WHEREAS, the proposed projects to be appropriated with the FY 2014115 Capital
Budget and the CIP for FY's2014115 through 2018119 are set forth in Attachment "A" which is
attached hereto and incorporated herein by reference.
NOW, THEREFORE, BE IT RESOLVED BY THE CHAIRPERSON AND MEMBERS OF THE
MIAMI BEACH REDEVLOPMENT AGENGY, that the Chairperson and Members of the Miami
Beach Redevelopment Agency hereby adopt and appropriate the Miami Beach RDA Capital Budget
for FY 2014115 and the Capital lmprovement Plan for Fiscal Years 2014115 through 2018119.
PASSED AND ADOPTED this day of September,2014.
Attest:
Philip Levine, Chairperson
APPROVED AS TO
FORM & LANGUAGE
& FOR EXECUTIONRafael E. Granado, Secretary
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