R7A-Joint Amend City Center-Historic Convention Village Redevelopment PlanCOMMISSION ITEM SUMMARY
Condensed Title:
ResolutionApproving,FollowingADulyNoticedPublicHearingPursuantToSection163'361(2),FloridaStatutes@iami
Beach City Center/Historic Convention Village Redevelopment And Revitalization Area Plan (City Center RDA), An Approved Redevelopment Plan
Under The Provisions Of Section 163.360, Florida Statutes Ohe Plan); Said Amendments: (A) lncorporating The City's Proposed Convention
Center Renovation And Expansion Project; And (B) Providing For An Extension Of The City Center RDA At A Ninety Five Percent (95%) Tax
lncrement Until The Earlier Of March 31 ,2044, Or The Date Agency lndebtedness ls No Longer Outstanding; Further Approving And Authorizing
The Mayor And City Clerk To Execute A Third Amendment, By And Among Miami-Dade County (County), The City, And ihe Miami Beach
Redvelopment Agency (RDA), To The November 16, 1 993 lnterlocal Cooperation Agreement, As Amended (l-he lnterlocal Agreement), Related To
The City Center RDA And By Which The County Originally Delegated To The City Certain Redevelopment Powers Conferred To The County Under
Part lii, Chapter 163, Florida Statutes (The Community RedevelopmentAgreementAct Of 1969" OrThe "Act");And Which Amendment, Among
Other Terms, Extends The Term Of The City Center RDA As Provided ln The Aforestated Plan Amendment, And Adds An Additional Member To
The Governing Board Of The Agency, Who Shall Be The Miami-Dade County Commissioner Of County Commission District 5, Pursuant To Section
163.357(D) Of The Florida Statutes
rade The Convention Center To Be Smart, Modern, Enerqy Efficient And Which Fits Local Context
Supporting Data (Surveys, Environmental Scan, etc.): The 2014 Community Satisfaction Survey reported that over natt of Uusinesses (SO.Z.)
claimed that the Miami Beach Convention Center added to the success of their business. Six in ten businesses (61%) support improvements of at
least $300 million for the Miami Beach Convention Center.
R,,BLICHEARII.IG
On January 26, 1993, Miami-Dade County (the "County") adopted Resolution No. R-14-93, which among otner tnings (i) found the area in tu Cty
of Miami Beach (the "City") bounded on the East by the Atlantic Ocean, on the North by 24lh Street, on the West-by West Avenue, and on the
South by 14th Lane (the "City Center Redevelopment Area" or "Redevelopment Area") to be a "blighted area" within the meaning of part lll of
Chapter 163, Florida Statutes, and (ii) delegated to the City of Miami Beach, pursuant to Section 163.410, Florida Statutes, certain powers
conferred upon the County Commission as the governing body of Dade County by Part lll of Chapter 163, Florida Statutes, with regard to the
Redevelopment Area, so that the City Commission, either directly or through its duly designated community redevelopment agency, could exercise
such powers. On February 3, 1993, the City adopted Resolution No. 93-20709, which established a community redevelopment ag-ency (the "Miami
Beach Redevelopment Agency" or the "Agency"), and declared the members of the City Commission as the memberJ of ine Agency.
Subsequently, on February 12,1993, the City adopted Resolution No. 93-20721, which 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.
County and City Administrations negotiated and conceptually (in pertinent part) agreed to the following items pertaining to the RDA:(i) amend the Plan; and(ii) amend the lnterlocal Agreement to, among other things, extend the life of the Redevelopment Area to March 31 ,2044: and(iiD authorizes the issuance of tax increment revenue bonds in one or more series by the RDA in an amount not to exceed $430,000,000 for
purposes of refunding current outstanding debt, funding eligible community redevelopment project costs, including the Miami Beach
Convention Center (Convention Center) renovation, and any reserves and costs of issuance;(iv) provide for an ongoing adequate operating and maintenance subsidy for the Miami Beach Convention Center, in addition to the existing
$4.5 million per year and annual year-end revenue sharing that the City currently receives from Convention Development Taxes throug6
2048i(v) provide for ongoing funding of City operations in the RDA;(vi) establishes that from FY 2014-15 through FY 2021-22, any funding not used for debt service and operating expenses will go into a fund to
be used for shortfalls and eventually prepayment of debt;(vii) establishes that from FY 2022-23 until FY 2043-44, the County will receive a refund of City Center Agency operating expenses based on
its proportion of revenues contributed to the Trust Fund; and(viii) any remaining funding will be used to extinguish debt early.
The CityCommission, pursuant to Resolution No.2014-28644 adopted on June 27,2014, approved a Memorandum of lntent (the "MOl"),
memorializingthe aforementioned- The County Mayor has committed to promote and recommend the components of the MOl, subjectio final legii
review by the County approval and approval by the Board of County Commissioners. The MOI provides that the conceptual terms and conditions
contained therein, including the preceding terms, are subject to further actions and approvals to be taken, respectively, by the Board, the City
Commission, and the Agency. Accordingly, in furtherance of same, the County, City, and the Agency desire to further amend the lnterlocal
Agreement. TheCityCommission,atitsOctober29,20l4meeting,adoptedamendmentstotheTrultFundOrdinancewhichextendedtheperiod
offundinq ofthe Trust Fund.
Board Recommendation:
Financial lnformation:
Source of Funds:
OBPI
Amount Account
1
Total
Financial lmpact Summary:See above summary.
Max Sklar, Tourism and
n7AWE MIAMIBEACH DATE513
I915.2015
C,JY o+ Miomi Beoch, I 700 Convention Center Drive, Miomi Beoch, Florido 33,l 39, www.miomibeochfl.gov
COMMISSION MEMORANDUM
TO: Honorable Mayor Philip Levine an
FRoM: Jimmy L. Morales, City Manager
DATE: November 19,2014
the City Commission
PUBLIC HEARING
SUBJECT: RESOLUTION APPROVING, FOLLOWNG A DULY NOTIGED PUBLIC
HEARTNG PURSUANT TO SECTTON 163.361(2), FLORTDA STATUTES, AN
AMENDMENT TO THE MIAM! BEACH CITY CENTER/HISTORIC
CONVENTION VILLAGE REDEVELOPMENT AND REVITALIZATION AREA
PLAN (CITY CENTER RDA), AN APPROVED REDEVELOPMENT PLAN
UNDER THE PROVISIONS OF SECTION 163.360, FLORIDA STATUTES
(THE PLAN); SAID AMENDMENTS: (A) INCORPORATING THE CIW,S
PROPOSED CONVENTION CENTER RENOVATION AND EXPANSION
PROJECT; AND (B) PROVIDING FOR AN EXTENSION OF THE Ctry
CENTER RDA AT A NINEW FIVE PERCENT (95%) TAX INCREMENT
UNTIL THE EARLIER OF MARCH 31, 2044, OR THE DATE AGENCY
INDEBTEDNESS IS NO LONGER OUTSTANDING; FURTHER APPROVING
AND AUTHORIZING THE MAYOR AND CITY GLERK TO EXECUTE A
THTRD AMENDMENT, By AND AMONG MIAM!-DADE COUNTY (COUNry),
THE CtTy, AND THE MtAMt BEACH REDVELOPMENT AGENCY (RDA), TO
THE NOVEMBER 16,
'993
INTERLOCAL COOPERATION AGREEMENT,
AS AMENDED (THE INTERLOCAL AGREEMENT), RELATED TO THE CITY
CENTER RDA AND BY WHICH THE COUNTY ORIGINALLY DELEGATED
TO THE CIry CERTAIN REDEVELOPMENT POWERS CONFERRED TO
THE COUNry UNDER PART II!, CHAPTER 163, FLORIDA STATUTES (THE
GOMMUNITY REDEVELOPMENT AGREEMENT ACT OF 1969" OR THE
"ACT"); AND WHICH AMENDMENT, AMONG OTHER TERMS, EXTENDS
THE TERM OF THE GITY CENTER RDA AS PROVIDED IN THE
AFORESTATED PLAN AMENDMENT, AND ADDS AN ADDITIONAL
MEMBER TO THE GOVERNING BOARD OF THE AGENGY, WHO SHALLBE THE MIAM!.DADE COUNTY COMMISSIONER OF GOUNTY
COMMISSION DISTRICT 5, PURSUANT TO SECTTON 163.357(D) OF THE
FLORIDA STATUTES.
ADMINISTRATION RECOMMENDATION
Adopt the Resolution.
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November 19, 2014
Page 2 of 6
BACKGROUND
On January 26, 1993, Miami-Dade County (the "County") adopted Resolution No. R-14-
93, which among other things (i) found the area in the City of Miami Beach (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 "City Center Redevelopment Area" or
"Redevelopment Area") to be a "blighted area" within the meaning of Part lll of Chapter
163, Florida Statutes, and (ii) delegated to the City of Miami Beach, pursuant to Section
163.410, Florida Statutes, certain powers conferred upon the County Commission as the
governing body of Dade County by Part lll of Chapter 163, Florida Statutes, with regard
to the Redevelopment Area, so that the City Commission, either directly or through its
duly designated community redevelopment agency, could exercise such powers.
On February 3, 1993, the City adopted Resolution No.93-20709, which established a
community redevelopment agency (the "Miami Beach Redevelopment Agency" or the
"Agency"), and declared the members of the City Commission as the members of the
Agency. Subsequently, on February 12, 1993, the City adopted Resolution No. 93-
20721, which 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.
On February 24, 1993, the City enacted Ordinance 93-2836, which created a City
Center/Historic Convention Village Redevelopment and Revitalization Trust Fund (the
"Fund" or "Trust Fund") and provided a funding mechanism for implementing the Plan.
The County, on March 30, 1993, adopted Resolution No. R-317-93, which among other
things (i) adopted the Plan, and (ii) approved the lnterlocal Cooperation Agreement,
between the County and the City, dated and executed on November 16, 1993 (as
amended, the "CRA lnterlocal Agreement").
The County and the City then approved and entered into the lnterlocal Cooperation
Agreement, executed on November 16, 1993 (as amended by the First Amendment
(defined below) and by the Second Amendment (defined below), the "lnterlocal
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. 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. The Board, through Resolution No. R-889-03, and the City Commission,
through Resolution No. 2003-25241, also approved an amendment to the lnterlocal
Agreement ("First Amendment") to delegate to the City the power to implement the
community policing initiatives.
The Board, through Resolution No. R-958-05, and the City Commission, through
Resolution No. 2004-25560, also approved a second amendment to the lnterlocal
Agreement ("second Amendment") whereby (i) the county, city, and Agency agreed
that the Agency would remit one and one-half percent (1.5Yo) of the Tax lncrement
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
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City Commission Meeting
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City Center Redevelopment Plan and lnteilocal Amendment
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Page 3 of 6
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.
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 332-acre City Center/Historic Convention Village Redevelopment and Revitalization
Area (City Center RDA) was established in 1993, in order to provide the funding
mechanism to foster the development of new convention hotel development within
proximity of the Miami Beach Convention Center and to establish the necessary linkages
between the City's many core area civic, cultural and entertainment uses in order to
create the fabric of a true urban downtown.
Since its success in attracting two convention-quality hotels, the Redevelopment Agency
has been focusing its efforts on a number of initiatives including enhanced innovative
community policing and upgrading the area's infrastructure, alleviating traffic and parking
congestion and encouraging the production and presentation of arts and cultural
activities in the area. ln 2003, the Redevelopment Agency amended its Redevelopment
Plan for City Center to specifically address these objectives in the context of the New
World Symphony's expansion plans involving the 17th Street surface lots and the
resulting impact to the Convention Center and neighboring businesses in addition to new
or enhanced policing initiatives in the area.
County and City Administrations negotiated and conceptually (in pertinent part) agreed
to the following items pertaining to the RDA:(i) amend the Plan; and(ii) amend the lnterlocal Agreement to, among other things, extend
the life of the Redevelopment Area to March 31,2044', and(iii) authorize the issuance of tax increment revenue bonds in one or
more series by the RDA in an amount not to exceed 9430,000,000
for purposes of refunding current outstanding debt, funding eligible
community redevelopment project costs, including the Miami
Beach Convention Center (Convention Center) renovation, and
any reserves and costs of issuance;(iv) provide for an ongoing adequate operating and maintenance
subsidy for the Miami Beach Convention Center, in addition to the
existing $4.5 million per year and annual year-end revenue
sharing that the City currently receives from Convention
Development Taxes through 2048;
(vii)
(viii)
provide for ongoing funding of City operations in the RDA;
establish that from FY 2014-15 through FY 2021-22, any funding
not used for debt service and operating expenses will go into a
fund to be used for shortfalls and eventually prepayment of debt;
establish that from FY 2022-23 until FY 2043-44, the County will
receive a refund of City Center Agency operating expenses based
on its proportion of revenues contributed to the Trust Fund; and
provide that any remaining funding will be used to extinguish debt
early.
(v)
(vi)
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City Commission Meeting
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The City Commission, pursuant to Resolution No. 2014-28644 adopted on June 27,
2014, approved a Memorandum of lntent (the "MOl"), memorializing the foregoing, the
terms of which were endorsed by the County Mayor, subject to final legal review by the
County and approval by the Board of County Commissioners.
The MOI provides that the conceptual terms and conditions contained therein, including
the preceding terms, are subject to further actions and approvals to be taken,
respectively, by the Board, the City Commission, and the Agency. Accordingly, in
furtherance of same, the County, City, and the Agency desire to further amend the
lnterlocal Agreement.
The City and the Agency have prepared an amendment to the Plan (the "Plan
Amendment"), to incorporate (1) the Miami Beach Convention Center Renovation and
Expansion Project, including all necessary improvements to and expansion of the
Convention Center and surrounding area (the "Project"); (2) the financing of the Project,
including the funding of operating and maintenance costs thereof; and (3) extend the
time certain for completing all redevelopment projects financed by increment revenues
and retiring all outstanding indebtedness to a date no later than March 31, 2044.
The Redevelopment Agency's objective over the next five years shall focus on the
planning and implementation of capital projects associated with, but not limited to the
Master Plan for the expansion of the Convention Center, upgrading streetscapes and
related infrastructure throughout City Center and parking facilities, The RDA shall also
continue to fund public service enhancements provided for under the Community
Policing Program as well as ensure the on-going maintenance of capital assets funded
with TlF. A majority of the capital enhancements set forth in the Redevelopment Plan
and the 2003 Amendment, have been completed and/or are currently underway,
including the City Center Right-of-Way improvements, the City Hall Expansion Garage,
the Collins Park improvements and the development of the 17th Street surface lots into
the New World Campus.
Redevel o pment Agen cy (RDA) I nterl ocal Agreement
Subsequently, the City and County administrations have negotiated the terms of a third
amendment to the City Center RDA (the Third Amendment), which will extend the life of
the from FY 2022-23 to FY 2043144 at the 95 percent (95%) tax increment funding level.
This allows the CRA to fund, through the issuance of CRA bonds, the additional funding
needed for construction costs of the new and expanded Convention Center and to fund
$36 million of previously approved City Center RDA capital projects, provide increased
operating and maintenance expenses for the Convention Center, as well as City Center
RDA administrative costs, community policing, and capital project maintenance within
the RDA. However, after FY 2022123, when the existing RDA would have expired, City
returns a pro-rata share of administrative costs, community policing, and capital project
maintenance to the County.
The $36 million of previously planned City Center projects include $20 million
programmed in the City's adopted Capital lmprovement Plan for the Lincoln Road
lmprovement from Washington Avenue to Lenox Avenue, which will be based on the
Lincoln Road Master Plan currently undenruay, $3.25 million programmed for the second
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Page 5 of 6
half of the funding for the Bass Museum lnterior Expansion Project, and $12 million
programmed for lmprovements to 17th Street and Connectors to Lincoln Road. These
are all projects in the City's adopted Capital lmprovement Plan, which are not part of the
Convention Center Project.
The issuance of City Center RDA Bonds will be done through a public offering of debt.
The marketplace will dictate the debt service coverage and debt service reserve
requirements for those bonds (for a total estimated bond issuance of approximately $430
million, including refunding of approximately $70 million of existing bonds, which will
have a direct impact on how long those bonds will be outstanding. Since the expansion
of the City Center RDA is only for the purposes of providing funding for the Convention
Center expansion, providing funding for previously approved City Center projects, and
providing an adequate additional operating and maintenance subsidy for the facility, both
the County and City administrations agree to recommend that the CRA would not need
to seek prior approval of each year's budget from the Board of County Commissioners
before borrowing money, advancing funds or incurring indebtedness. However, County
and City administrations agree that representation by one County Commissioner on the
RDA Board would be appropriate. Accordingly, the Third Amendment also includes a
provision which allows the Board of County Commissioners 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.
Pursuant to an existing Convention Development Tax (CDT) lnterlocal agreement, the
City currently receives a flat $4.5 million per year from Convention Development Taxes
to operate and maintain the Convention Center, plus an annual year-end revenue share
based on CDT exceeding collection amounts that increase each year. The Third
Amendment will allow for an additional annual operating and maintenance subsidy
starting at $1 million in 2017 and growing to $4 million by 2021, which will then escalate
at 4 percent or Consumer Price lndex (CPl) annually (whichever is less) starting in 2026
over the life of the Convention Center, funded either through RDA funds or through
Convention Development Taxes, depending on the availability of the latter. That funding
will remain in place until 2048.
Finally, once the currently existing debt is refinanced, the Third Amendment exempts the
Children's Trust, an independent taxing district, with respect to the pledging of annual
tax increment revenues attributable to The Children's Trust, to conform with the general
exemption provided to The Children's Trust in Section 2-1742 of the Miami-Dade County
Code.
Redevelopment Agency (RDA) Plan Amendment
The attached Resolution also amends the City Center/Historic Convention Village
Redevelopment Plan to include the renovation and expansion of the Convention Center
and related operating and maintenance, upgrading streetscapes and related
infrastructure throughout City Center and associated parking facilities. The Third
Amendment also extends the life of the district from FY 2022123 to March 31,2044. The
Third Amendment also replaces page 42 of the 2002 Plan Amendment to address the
Convention Center renovation and expansion. The plan amendments are attached for
your review as Exhibit "A."
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City Commission Meeting
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The City Commission, at its October 29, 2014 meeting, adopted amendments to the
Trust Fund Ordinance which extended the period of funding of the Trust Fund.
Convention Development Tax (CDT) lnterlocal Agreement
An amendment to the Convention Development Tax (CDT) lnterlocal Agreement
consistent with the terms of the negotiated MOI is a separate item on this agenda.
CONCLUSION
As such, the Administration recommends adopting the Amendment to the City Center
Redevelopment Plan and lnterlocal Agreement.
JLM/KGB/MS
Attachment
T:\AGENDA\2014\October\October 29\TCED\City Center RDA Plan and lnterlocal Amendment Commission memo.doc
519
RESOLUTION NO.
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE
CITY OF MIAMI BEACH, FLORIDA, APPROVING, FOLLOWING A
DULY NOTICED PUBLIC HEARING PURSUANT TO SECTION
163.361(2), FLORTDA STATUTES, AMENDMENTS TO THE MIAMI
BEACH CITY CENTER/HISTORIG CONVENTION VILLAGE
REDEVELOPMENT AND REVITALIZATION AREA (CITY GENTER
RDA) PLAN, AN APPROVED REDEVELOPMENT PLAN UNDER THEpRovtsloNs oF sEciloN 163.360, FLORTDA STATUTES (THE
PLAN); SAID AMENDMENTS: (A) INCORPORATING THE CITY'S
PROPOSED CONVENTION CENTER RENOVATION AND EXPANSION
PROJECT; AND (B) PROVIDING FOR AN EXTENSION OF THE CITY
CENTER RDA AT A NINETY FIVE PERCENT (95%) TAX TNCREMENT
UNTIL THE EARLIER OF MARCH 31,2044, OR THE DATE AGENGY
INDEBTEDNESS IS NO LONGER OUTSTANDING; FURTHER
APPROVING AND AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE A THIRD AMENDMENT, BY AND AMONG MIAM!-DADEcouNw (couNw), THE clTy, AND THE MIAMI BEACH
REDEVELOPMENT AGENCY (RDA), TO THE NOVEMBER 16, 1993
TNTERLOCAL COOPERATTON AGREEMENT, AS AMENDED (THE
INTERLOCAL AGREEMENT), RELATED TO THE CITY CENTER RDA
AND BY WHICH THE COUNTY ORIGINALLY DELEGATED TO THE
CITY CERTAIN REDEVELOPMENT POWERS CONFERRED TO THE
couNw UNDER PART l!!, CHAPTER 163, FLORTDA STATUTES (THE
COMMUNITY REDEVELOPMENT AGREEMENT ACT OF 1969 OR THE
ACT); AND WHICH AMENDMENT, AMONG OTHER TERMS, EXTENDS
THE TERM OF THE CITY CENTER RDA, AS PROVIDED IN THE
AFORESTATED PLAN AMENDMENT, AND ADDS AN ADDITIONAL
MEMBER TO THE GOVERNING BOARD OF THE AGENCY, WHO
SHALL BE THE MIAM!.DADE COUNTY COMMISSIONER OF COUNTY
coMMtsstoN DlsTRtcT 5, PURSUANT TO SECTTON 163.357(d) OF
THE FLORIDA STATUTES.
WHEREAS, the City of Miami Beach, Florida ("City") adopted Resolution No. 93-
20721 on February 12, 1993, and Miami-Dade County (the "County") adopted Resolution No.
R-317-93 on March 30, 1993, approving the City Center/Historic Convention Village
Redevelopment and Revitalization Plan (the "Plan") for the project area commonly called "City
Center/Historic Convention Village Redevelopment and Revitilization Area" (the "City Center
RDA" or the "Redevelopment Area"); and
WHEREAS, the City enacted Ordinance No. 93-2836 on February 24, 1993, and the
County enacted Ordinance No. 93-28 on April 27, 1993, creating a trust fund ("Fund") to fund
improvements in the Redevelopment Area; and
WHEREAS, the County and the City also approved and entered into an lnterlocal
Cooperation Agreement ("lnterlocal Agreement"), executed on November 16, 1993, by which
the County delegated to the City certain redevelopment powers granted by Part lll of Chapter
163, Florida Statutes including, but not limited to, the implementation of the Plan; and
520
WHEREAS, the Mayor and the City Commission adopted Resolution No. 2014-28644
on June 27, 2014, approving a proposed Memorandum of lntent ("MOl"), the terms of which
were also endorsed by the County Mayor; and
WHEREAS, subject to approval of final agreements by the City Commission and the
Miami-Dade County Board of County Commissioners, the terms of the MOI memorialized the
City and County's commitment to amend the Plan; amend the lnterlocal Agreement to, among
other things, permit the Miami Beach Redevelopment Agency (the "Agency" or "RDA") to issue
bonds and extend the life of the City Center RDA; and to provide for an ongoing adequate
operating and maintenance subsidy for the Miami Beach Convention Center, in addition to the
existing $4.5 million per year that the City currently receives from Convention Development
Taxes; and
WHEREAS, the Agency recommends the proposed Plan amendment, attached and
incorporated as Exhibit "A" hereto, to (1) incorporate the Miami Beach Convention Center
Renovation and Expansion Project (the "Project"); (2) incorporate the financing of the Project,
including the funding of operating and maintenance costs therefor; and (3) extend the time
certain for completing all redevelopment projects financed by increment revenues until the
earlier of March 31,2044 or the date Agency indebtedness is no longer outstanding; and
WHEREAS, the Agency finds that with respect to the Plan amendments:
(i) a feasible method continues to exist 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, as the amendments do
not contemplate displacement of residents;
(ii) the Plan continues to conform to the general plan of the County and the City as a whole;
(iii) the Plan continues to give due consideration to the utilization of community policing
innovations, and 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;
(iv) the Plan will continue to afford maximum opportunity, consistent with the sound needs of
the City as a whole, for the rehabilitation or redevelopment of the community
redevelopment area by private enterprise; and
WHEREAS, the Agency further recommends the execution of the Third Amendment to
the lnterlocal Agreement, attached and incorporated as Exhibit "B" hereto, to, in pertinent part:
(i) authorize the Agency to issue bonds and incur debt, in an aggregate principal
amount not to exceed 9430,000,000.00, secured by tax increment revenues of the
Agency to, among other purposes, fund a portion of the Project;
(ii) extend the time certain for completing all redevelopment projects financed by
increment revenues until the earlier of March 31, 2044 or the date Agency
indebtedness is no longer outstanding;
(iii) provide an exemption for The Children's Trust, an independent special taxing district,
from the requirements of Section 163.387(2)(a) of the Florida Statutes, with respect
521
to the pledging of annual tax increment revenues attributable to The Children's Trust,
commencing on the earlier of (i) the date the Agency's bonds outstanding as of
November 1,2014 are no longer outstanding, or (ii) March 31, 2023;
(iv) add an additional member to the governing board of the RDA, who shall be the
Miami-Dade County Commissioner of County Commission District 5, pursuant to
Section 163.357(d) of the Florida Statutes, and who shall be vested with the same
rights, duties and obligations as any other Agency commissioner; and
WHEREAS, upon approval by the Agency and the City, respectively, the Plan
amendment and the Third Amendment to the lnterlocal Agreement will be transmitted to the
County, for consideration and approval by the Board of County Commissioners.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY COMMISSION OF
THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City Commission approve the
amendments to the Miami Beach City Center/Historic Convention Village Redevelopment and
Revitalization Area (City Center RDA) Plan, an approved Redevelopment Plan under the
provisions of Section 163.360, Florida Statutes (the Plan); said amendments, attached and
incorporated as Exhibit "A" hereto: (a) incorporating the City's proposed Convention Center
Renovation And Expansion Project; and (b) providing for an extension of the City Center RDA at
a ninety five percent (95%) tax increment until the earlier of March 31, 2044, or the date Agency
indebtedness is no longer outstanding; further approve and authorize the Mayor and City Clerk
to execute a Third Amendment, by and among Miami-Dade County (County), the City, and the
Miami Beach Redevelopment Agency (RDA), to the November 16, 1993 lnterlocal Cooperation
Agreement, as amended (the lnterlocal Agreement), said Third Amendment attached and
incorporated as Exhibit "8" to this Resolution.
PASSED and ADOPTED this
ATTEST:
day of ,2014.
Rafael E. Granado, City Clerk Philip Levine, Mayor
T:\AGENDA\2O 1 4\July\TCE D\RDA Plan and I nterlocal Amendment Reso.doc
APPROVED AS TO
FORM & IANGUAGE
& FOR EXECUTION
r((4(#
City Attorney Dote
522
EXHIBIT "A'
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i li---:ii- l+-tetl-i}+{_{**-i-1e+e+r.rea.l:r+renuei-+iMv,lt
.\s pLrblic improvernents spur additional private inr.estrnent. increments w.ill
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$As+)-i i I millionfr-e*+rrr.lr.+i+lltiti+i.tla]+e+e. To raise the qii=i+-rl L million
in honcls r,-ill require a comtnitrnent of appro\itnately 5+6 ]i rnillion annuallv
in tar incremeuts r,intil il'rc elilir.r' or' \l:tlclr -l 1. l{).1-1. or thc tirrLr. \.Jer1rr
lntl,_:ll5rines-; i!flu lOn{1-l! rll!t,;til,i_r1!lg.i}.,er..}+tl-+ea+pe++ed. The ,\gericy ri.itl
prepare arld ndopt a resolutiou aLrthorizing the issu;rnce of bonds antl tle fluirrg
their telms. Sr-ich a resolution rnust be atloltted prior to the sale of the bcrntls.
The bonds shall be mLuketerl in accorclance riith statLrtolr reLlriirernenrs.
The ,\gencv ma,r issr.re Rerlerelopment Revenue Boncls for. the tbllorvirrg
pLlrposes:
To pay, fbr site itnprolements, project irnpror,'ernents antl supporting
tacilities constructe(l at tlle Agency.'s expense and to pa!.tbr all other
experrr-litr"rres rnacle hy the Agency tbr or in connection *,ith the
proj ect.
\\'ith the consent of the.rpplicable governing botly. to pav all or par-t of
the value ol land and the cost of the installirtion and construction of
auy building. tbcility. structure. or other impror,ernenr which is
publicly orlued either ''vithin or rvithr-rut the project arelr to the e\tent
that such buildings. lacilities. structures. or other intproi.ements are ol
benefit to the projcct area.
Reimbursement to the Cit,"" ol \liami Beach for monies erpentled
advanced.
d. For any other purposes pennittecl h-v' larv and authorized b1. the
Agency.
-t0l
,\n."- hond, note or other tbnr ol indebtedness pledqing increment rer.enlle
shall mature rro later than the rnarimurn period allorved by applicable lar.r.
Dr-Lration of Projects
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Exhibit "8"
Third Amendment to
November 16, 1993 lnterlocal Cooperation Agreement
525
THIRD
THE INTERLOCAL
AMENDMENT TO
COOPERATION AGREEMENT
This Third Amendment to the Interlocal Agreement ("Third Amendment"), made this
day of , 2074 ("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'').
IVHEREAS, 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 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 lnterlocal
Cooperation Agreement, executed on November 16,1993 (as amended by the First Amendment
4299801/2/MrAMr 526
(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
development and implementation of community policing initiatives; and
\,VHEREAS, 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
\YHEREAS, 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
WIIEREAS, the County, City and Agency also desire to amend the Convention
Development Tax ("CDT") Interlocal Agreement from 1996, as amended (the "1996 CDT
527
Interlocal Agreement") to, among other things, allor,v for the use of CDT revenues to pay for the
operations and maintenance and debt service for the Convention Center Project (as such project
is hereinafter defined); and
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
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-tt requiring the
Agency to submit timely budgets for approval by the Board prior to the Agency
borrowing money, advancing funds 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. _, adopted on _, 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
Increment Revenue Bonds, Taxable Series 19984, 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
528
project, (which project is currently estimated to cost a total of 5582
million and is more fully described in Exhibit "A', attached hereto
and incorporated herein by this reference (the "Convention Center
Project");
c. approximately $36 million for the ancillary
Redevelopment Area capital projects, which are more fully
described in Exhibit "8," attached hereto and incorporated herein
by this reference; and
d. All costs of issuance and debt service reseryes
associated with the 2015 Bonds.
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:
529
F.
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
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.
The Interlocal Agreement is amended to add the following Paragraph:
x.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 lncrement 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 [nterlocal
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
later than thirty (30) days from 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
530
G.
deemed terminated and the Agency will sunset and cease to exist
as ofsuch date.
The Interlocal Agreement is amended to add the following Paragraph:
X. Miami-Dade County or Other Taxing Authority
Representation
As required in Section I 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(l)(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
further action from the Agency required.
The Interlocal Agreement is amended to add the following Paragraph:H.
531
I.
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 fuither 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 from the provisions of
Sectionl63 .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.
The Interlocal Agreement is amended to add the following Paragraph
XII. Distribution of Trust Fund Revenues
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 2074-15, 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.
532
D.In addition to the annual funding that the City currently
receives from Convention Development Taxes, pursuant to
Section II.A.I 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
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.
Notwithstanding and prevailing over any provision to the
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 funding Convention Center
operating and maintenance costs such amount referred to as
(the "CDT Grant"), the arurual subsidy payment to be
funded with increment revenues pursuant to the prior
paragraph shall be reduced by an amount equal to the CDT
Grant.
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,
E.
533
F.
and Capital Project Maintenance (defined below). Such
grant shall be paid to the County by March 3l of each year
and shall be based on the previous year's expenses for
Adrninistration, 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.
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
Fund, 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
budget approved by the Board pursuant to County
Resolution No. R-5l2-14, 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
Sll.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, the use of Tax lncrement 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 of
$Il.72l million, 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 lncrement Revenue
contribution in that year. The Agency will also pay the City
534
G.
H.
1.5 percent of the City's Tax Increment Revenue
contribution in that year.
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 Sl ,286,464.26 in FY 2015-16.
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 pa5rment 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
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 lncrement Revenues issued for
the purposes set forth herein shall include a call provision
allowing such Agency Indebtedness to be called no later
10
535
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.
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 rnaturity 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 ( l0) years after
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
ll
536
Sections A through G above to the taxing authorities in
proportionate manner as it was deposited.
J.The Interlocal Agreement is amended to add the following Paragraphs:
xIv.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.
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,
agteements and programs. In addition, the [nspector 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 conceming 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
the
t2
537
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 offrcers, agents
and employees, lobbyists, County staff and elected officials to ensure compliance
with contract specifications and to detect fraud and comrption.
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 unsuccessful 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.
K. Al1 provisions of the Interlocal Agreement, other than the provisions specifically
amended herein, remain in full force and effect.
ISIGNATURES APPEAR ON THE FOLLOIYING PAGEI
t3
538
IN WITNESS WHEREOF, the parties have executed this Third Amendment as of the
date first written above.
CITY OF MIAMI BEACH MIAMI-DADE COLINTY
By:By:
By:
Philip Levine
Mayor
ATTEST
City Clerk
MIAMI BEACH REDEVELOPMENT
AGENCY
By:
Philip Levine
Chairman
Attest:
By:
City Clerk
Approved for form and legal sufficiency
Carlos A. Gimenez
Mayor
ATTEST
By:
Deputy Clerk
Approved for form and legal sufficiency
Assistant County Attorney
By:
t(le(t+
City Attomey
l4
539
Exhibit "A"
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.
A-l
540
Exhibit "B
$36 Million Ancillary Projects
City of Miami Beach
Redevelopment Agency
List of Ancillary Projects
Bass Museum lnterior Space Expansion: Renovation of Bass Museum interior to
increase programmable space by 47%
Estimated Cost: $3,750,000
Gonvention Center Lincoln Rd Connectors & 17th St N. lmprovement 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.
lmprovements to 17th Street from Pennsylvania Avenue to Washington Avenue will
consist of landscaping, irrigation, pedestrian lighting and sidewalk replacement.
Estimated Cost: $1 2,000,000
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
A-2
541
Exhibit "C"
Children's Trust Interlocal
B-l
542
aI
INTERLOCAL AGREEMENT
AMONG CITY OF MIAMI BEACH,
MIAMI BEACH REDE\MLOPMENT AGENCY,
MIAMI.DADE COUNTY, FLORIDA
&
Tm CHILDREN'S TRUST
This Interlocal Agreement ("Agreement") is among the City of Miami Beach,
Florida, (the *ci!t''), the, Mi-i Beach Red.eveiopment Agency (the "cRA"), Miami-
Dade County, Florida (the "County") and The Children's Trus! Miarni-Dade County ("
The Trust'), an independent special taxing district, for the purpose of establishing the useof tax increment revenues to be derived from the imposition of a half mill ta:r levy by
The Trust against real property located within the jurisdictions of the CRA (the ..Trust
Revenues"),
WHEREAS, The Tmst 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 miIl ta:r lely against all non-exempt real properfy in Miarni-Dade
County for the purpose 6f fu11ding improvements to children's healttr, development and
safety and promoting parental and community responsibitity for children who reside in
Miami-Dade County; and
WHEREAS, chapter 163, Part III, Florida Statutes, arso known as the
Community Redevelopment Act of 1969 (the '.Act"), provides for the creation of
commtnity redevelopment agencies and govems 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 Cornmissioners (the "Board"), fourd a need for and
created the CRA to have jr:risdiction 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/lIistoric Convention Village and South pointe (;.CRA
Districts"); and
WIIEREAS, the CRA has various series of community re
bonds currently outstanding.in the aggregate principal emount of
(the "Bonds") issued under certain bond resolutions (the "Bond R.rotGoos'fio whiC[
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 tor
increment revenues from any additioual tax levies created subsequent to the issuance of
the Bonds such as The Trust Revenues; and
543
I
WIIEREAS, the City has pledged certain City revenues to the holders of the
Bonds as a additional security for the Bonds; and
WTIEREAS. as an independent special taxing district. The Tmst is elisible to
share in anv tuc increment'revenues not budeeted for a particular use and remainins at
the end of the CRA's fiscal vear in the Fund established for each CRA community
redevelopment district and
WIIEREAS, 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 wili
consider any matter conceming a community redevelopment agency, including the
approval of an annual CRA budget, a governing body such as the City shall first exempt
The Trust ptusuant 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 fuhre tax
increment revenues from each CRA Diskict 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
effechrate the will of the eiectorate by agreeing to remit The Trust Revenues to The Trust
pusuant'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 OA%) of the ad valorem tax
revenue it collects and;
WFIEREAS, there are children and families who reside in the City and are in need
of the services described in The Trust's Strategic Framework 20A3-20A7 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 ttris
Agreement in order to establish their cooperation and agreement with respect to the use
of The Tn:st Revenues,
544
t='j
NOW TFEREFORE, the parties agree as follows:
Section 1. Therecitals above are incorporated in Section 1 of this Agreement.
Section2. 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 Tmst will make available funds in the amount of Trust
Revenues annually for programs and services to children and famiiiss 'ryithin 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 firnding, the
City and/or agency or organiznlion 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 uo way resticted from participating in, and shall not be prejudic"il 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 Agreernent is made in the State of Florida and shall be
govemed 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 pariies 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 containg all the temrs and conditions agreed upon
by the parties. No ottrer Agreement, oral or otherwise, regard.ing the subjeci matter of
this Agreemeat shall be deemed to exist or bind any of the farties 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 confonn to the terms
and requirements of applicable law.
545
*-3
IN WITNESS WHEREOF, the parties have caused this Agreement to be executed
by their respective and duly authorized ofEcers as of the day and year first above written.
(sEAL)
AfiEST:
ATTEST:
|nlr^,",il lu,J^r*
Secretary
MIAMI-DADE COUNTY, FLORIDA
Ac
f *, e .e"r-u a
Signatr$e of AutHdrized Representative
PrintName and Title
THE CHILDREN'S TRUST, MIAMI
DADE COLINTY
t,--.'i' tJ ' t''')(_
Valria C. Screen, Secretary
APPRq/EDASTO
FORM &I.ANGUAGE
E FOR A(ECUTION
///x'tw
Date
obert Parcher, City Clerk
546
Exhibit "D'
Resolution No. R-5 1 2-14
City Center FY 2013-14 Budget
A-2
547
OTTICIAL FTI E COPY
CLENT OF TEE BOIN.D
or couNTY cor[rdts$oxEBs
MI$II-DADE COIJXTT, FI.ON,IDI
MEMORANDT]M
Agenda Itep No. 8(G) ( r)
TO:
FROM: R. A. Cuevas, Jr.
County Attorney
Honorable Chairwoman Rebeca Sosa
and Members, Board of County Commissioners
DATE:June 3,2014
SUBJECT: Resolution approving Miami
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 Commifiee.
RAC/smm
548
Date:
IO:
From;
:Sub.lect:
June 3, 2014
Honorable Chairwomah Rebeca Sosa
and M e m bers, Board of : G ou nty..Q gpt miss ione rs
Carlos A. Gimenez
Mayor
,FY 2Q13-14 Budget for the
Agency
Memorandum ffi@
Cily Center Community Redevelopment
Rscomnteridatiori
It ls recommended that fhe Board of Counly Commissioners (Board) consider epproving the Miami
Beaeh Qity Center.Cornmunity Hedevelopment Agency'. (Agency's) FY 2013.14 budget for tho Ctty
Center eommunity Redeveloprnent Area (Area).
flffimissionDistrict5,whichisrepresentedbyCommissionerBrunoA.Bat.reiro.
Fisb?l l4paet /' Fund i nq 9-q [rce
The Agency's revenue source is tax increment financlng CI-IO, which. is generated through the
incrernental growth of ad valorem revenues beyond an establis:hed base year, 'as deflned in Section
163,387 oJ the Florida State SJatutes. County and City of Mlaml Beach (Oty) lax increment levcnues
deposited into the fust fund for FY 2013-14 total $16,918,000 and $19,M0,000i re$pectively,
The Gounty will continue t0 make annual payments to the Agency, based, on eaoh respectlve yeafs
growth of ad valorern revenues over the base year, through 2023, when the Ageney willsunset.
Traek Record I Monito.f
This resolution does rlot provide for contracting with any specific entity. The, resolution approve* the
Agensyls FY 2013-14 budget.
Backciround
On. January 20, 1993, the Board approved the establishment of the Agency when it declared the Area
tq be sium and blighted pursuan( to'Resolution R-14-93. The Board approved the AgeneJ's Communifr
Redevelopment Plan (Plan) and its frlnding when it enacted Resolution R-317*93 and Ordinahce 93-28,
respoclively. An lnterlooalAgreemerit afitohg the Ooun$, the Cit1{; and the Agency and ,the Plan were
approved by the Board on Match 30, 1993, requiring the Agency to submit an annual budget for- Qountv
approval.
FY 2013-'14 Budoet
The Agency's FY 2013-14:budget ls $43,000,000, whictr was approved by the Agency on Seplember
30, 2013" The budget includes revenue sour,ces o1 County TIF Rev,snues ($15,918,000), eily T1F
Revenues ($19,840,000), Resort Tax Contrjbutions ($5,386,000), e,y7 rnill levSl to be set aside for the
ehildren's Trust ($1,831,000), and interest eamings ($25i000).
AdrrriniStrative expenditures for the Agency's operations, including the Gity,Administrative Charge for'
general oversight ($283,000), total $2,244,000 and lepresent approximately flve pereent of total
budgeted expenditures, exctuding the 1.5 percent Counfy Administr.ative Charge ($239,000), which ls
less than the.20 percent allowed iD the lnterlocalAgreernent.
2
549
H'onorable Chainruoman Rebeca Sosa
and Members, Board of County Commissioners
Page2
Operating expenditures total $39,791,000 and are broken down as follows:
' $18,443,000 for Capital Projects including:o Collins Park Parking Garage ($12,242,000);
Bass Museum lnterlor Space Expansion and Capital Contribution ($4,797,000);
Euclid Avenue lmprovements at Lincoln Road ($69,000);
City Center -Various sidewalk and street improvements Commercial District ($326,000);
Lincoln Road Master Plan Study ($500,000);
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:. Series 2005 Bonds and the cornbined debt service on the Parity Bonds ($8,550,000);
. Sunshine State Loan for the reconstruction/renovation of Lincoln Road ($825,000); and
. Loans for the Bass Museum Project ($547,000).
. g30S,000 to Pennsylvania Avenue garage and shops to offset operational costs'
. g4,1g5,000 for community policing that includes ten police officers, two sergeants, two public safety
aides, a crime analyst ani a part-iime lieutenant providing community policing exclusively within the
Agency seven daYs a week.
. $S,0gS,000 for maintenance of Agency capital projects constructed wlth 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 $384,000
TheAgency'sFY 2012-13 expenditures created an initlal unaudited fund balance deficit of $341,237.
Therefire, it is rccounted for'in FY 2013-14 ($342,000). The Agency is in the process of auditing the
current fiscal year and believes there will be no deficit,
Attachments
3
Edward
Mayo103514
550
ffiw r\mMffi$rDuM
.a
Ba...r-f
EROM: R e. CDvas, Jr.\
County Attonrey
Honorable Chairwoman Rebeca Sosa
and Membe,rs, Boad of County Commissioners
DATE: Jr:ne 3, 2014
$UBIECT: AgendaltemNo. B(c) (t)
Please uote ary items checked.
'3-Day Ruldt for committoes applicable if raised
6 weeks required botween frrst reading and public hearlng
4weeks noffication to muuicipal ofEcials required prior to public
hearlng
Itecreases tpyenues or inereases eipenditures without balancing budget
Budgetrequired
Statement of ffscal impact required
Ordinance creatiug e new board requires detailed County Mayorrs
report for public hearing
No committee reYi€rw
Applicable legislation requires more than a majority vote (Le,r 2/3'r _,
3/5ts _- qlanlmors _ ) to approve
Current information regarding firniting sourco, index code and available
balancg alil avallablo capacity (if debt ls contemplated) required
4
551
Approved
Veto
Override
Mavor
RESOLUTTONNO. R-512-14
RESOLUTION APPROVING MIAMI BEACH CMY
CENTER COMMUNITY REDEVELOPMENT
AGENCY FISCAL YEAR 2013.1,4 BUDGET
WHEREAS, the Interlocal Cooperation Agreement between Miami-Dade Counry,
Florida (the "County"), City of Miami Beach (the 'Ci{t'), 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'tsoard") for approval; and
WHEREAS, the Agency and its counsel have determinedthat all expenditures associated
with the attached budget are allowable under the Redevelopment PIan, 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 'tsudgef), in the
form attached hereto as Exhibit 1, and incorporated herein by reference; and
WIIEREAS, this Board desires to aooomplish the purpose outlinsd in the accompanying
memorandum, a copy of which is incorporated herein by this reference,
NOW TmREFORE, BE IT RESOLVED By TrrE. BOARD OF COUNTY
COMMISSIOI\IERS OF MIAMI-DADE COLINTY, FLORIDA, that the Board approves the
Agency's annual adopted budget for fiscal year 2013-14, related to the City Center Community
Redevelopment Area.
AgendaItemNo. B(G)(1)
6-3-L4
5
552
Agenda Itern No. 8(c) (1)
Page No. 2
The foregoing resolution was offered by Commissioner LyntileBell
who moved its adoption. The motion was seconded by Commissioner Jo# "Pqre" Diez
and upon being put to a vote, the vote was as follows:
Rebeca Sosa" Chairwoman aye
Lfmda Bell, Vice Chair aye
Bruno A. Barreiro absent Esteban L. Bovo, Jr. aye
Jose "Pepe" Diaz aye Audrey 1d. f,dmonson aye
Sally A. Helman aye BarbaraJ. Jordan aye
Jean Monestime aye Dennis C. Moss absent
Sen. Javier D. Souto aye Xavier L. Suarez aye
Juan C. Tapata absent
The Chairperson thereupon declared tle resolution duly passed and adopted this 3d 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
COI.JNTY COMMIS SIONERS
HARVEY RUVIN, CLERK
GDristopher Agrippa
By:
Deputy Clerk
Approved by County Attorney as
to form and legal sufficiency.
David Stephen Hope
dsh
6
fL'A
22,oto
553
Cfy ol mcnd trochr 1700..Coorq{ion ftrit r Ddve, Mldrnl Bcoth, ttoddd 33 l:$9, wwrtriqnlM{Anv
Mlomi Beodr Redovdopmeni Agency
Td: t3o5l 673-75n, Forl l$05l 67V706E
November6,2013
Mr; Jorge [ll, Fernandez
Progfam Cosrdinator
Office of Managefient & Budget
'111 NW 1 Street,22no Floor
M.igml,FL 33128
RE: Gity Center Redevelopment Area * FY 2A13n4 Budget Submlttal
Dear Mr, Fernandee
Enciosed iethe MlamiBeach RedevelopmentAgency's Resolutioh packagesadoptlng
the FY 2013114 Operathg and Gapital Budgeb in the Countt's prefened fomat
tOgether w{th our stalus report The Budget was adopted by the RDA Board on
September 30, 201-3. ft should be noted that the most cunent year-end Finanoial
$tatements, dated September 30,?A1?, harre already been bnrvarded to the County
and afe elso avallable on line, The Financial Statements for 2013 will be available as
of Maroh 30,2014.
Plea$eadvise as to the Gounty{sohedule for reviowing and.approvlng the enolosed
Budget ln the meantime, should you have any questions, please do not hesitaie to
oontact me.
Slnceretv. n/fi/t-
Kathie Brqoks
Assistant Direc'tor
KGE;MA$;GPH
Enclosures
O: Jlmmy Moraleo, Executiw Director
Max $hlar, Redewlopment Coordinator
John Woodrutr, OBPI Dkector
Georgette DdnidlS, Sen'ror M&fi.Analgt
F:I|NFO!$ALLI$ABDA Budgo$a013.t4\FY 13-14 Budgot Treasmlthl Roquont Coudy:doc
We pre,smrt&d to Bovrdlrur e,c6.f,4rr, pt6k sddge pld $hry p cU wlw !tw. wu[ ood phy h orr vftbrqot eopbol t*i)rk cornourfi
7
554
$il ',." '-.' i' r."''.::.' . -
Tt[lAMI BEACH REDEVELOPMENT AG ENCY
FY 20,13'14 PROPOSED BUDGET
tAs ADOPTED ON SEPTEMBER 30, 20131
CITY CENTER REDEVELOPMENT AREA
'1. 'f.#
Y. '.. iir.l:! '^;s
v-r-.'
io
The Miaml Beach Reddvelopment Agency
17fiI Gorwention Genter Drfue
Miami Beach, Fl33t3g
Submltted By:'
555
('Miami Beach Redevelopment Agency
Adopte-d Annual Budget for City- Center
FY zAfifiA
Gontent
Budget Narrative
And Annual'ProffiAfea Status Report
FY 2813114 Operating Budgei as adopted by the
RDA Bo-a1dlon 09130/13 (County For:mat)
FY 2013114 Oporating Budget as adopted bythe
RDA Board on 09130/13 (RDA Format)
Capltal Projeot Sufirnary and Flve-Year Plan
Capital Malntonance Surnmary
Oommunity Pollclng Budget
Organkatiohal Ghart
Adopted FY 2A1Frl14 RDA0per:atlng Budget Resolutlon Paokages- FY 2013114 Operating Budget as adopted on 09/30113- FY 2013114 CapltalBudget;adqpted ort 09/30/13 '
Adopted FY 2012n3 RDA Operatlng BudgetAmendrnent Package- Adopted on7l'17113
SECTION
1
3
4
5
o
7
I
Flnancjal Roport - Fiscal Yearended September 30,Zl1:Z,prepared by RSM
MoGladrey.
I
("r
556
a
I
a
a
a
MIAMI BEACH REVELOPMENT AGENCY
GITY CENTER REDEVELOPMENT AR EA
To assuna eontinued eoonomio viability of the Gitlr Genter Redevelopment Area and
the City as a uholg, through the implementatlon of the objectives and proJects
defined h tho Rideveloprrent Plan and the amendment theretp.
fo h6gr miniruilm r:docatlqn and condsmneiion.
To irrvolve community residentd in the redevelopm€nt process.
To estahlish: the nepessary linkages to tie'in he Convention se-nter, area hqtele,
cultural amenfffes, sritertalnment, fasldehtlal end businoss uses in the dislrlpt,
To snhance divarslty pf form and aellvity lhrough the use of eslablished plannlrtg and
deelgn prlnclpbs.
To create,q traffi0 $ystem to s6rue local and thrdugh haffic needs.
To rogognEe the historic Etructures and deeigrtations wilhin the historlc tlislrhts and
fadlltatd develo, pment accordlng ly.
Statup Repoft
Area (CO/FICVRRA or eity Center) was establidred in 1993,
In order to provide the frrndhg meofianlsm to frtEtir lhe
dEveloprnent of neyrr converttion hotel development wilhin
pmximi[ of the Miaml Boaoh eonvenfion Cenler and td
establish the necessqry flnkages betneen the Clty's many
oorg ffiffi otyic, culfufal and entertainment u6ag in ordsr tq
creatB tha fubrio of a fr'ue ufiari do-wntovuri.
$ince its inception, the Oty carrter Redevelopment Area has
undergone dynamic ctange ttrrough a comblnation 0f publio
and pr,ivate investment initiatiVes.
Exdtlrlg projeots lruhich haue tranqformed the area EtcludE:
. Two conventionquallty hotel6, both of which $€re tha reqult of .H$ltcihrivate
partnerships betwsen the Redevelopment Agerrcy (RDA) and the roopectlva
Developere. the 8@-mom Loews Miami Besch Hotel and the 425-rooin Royal Palmi,l
10
557
Growne Plqzg Hqte!, the lgtter "of wtrloh had the dlstinc-tlor.r of blng the ffret Afrioan-
Americari ownetl hotd hrthe UnfEd State$
Thc de-velop,mgxt of an 800-space public parkllrg garage (Anclror Garage) to
aocommodate thO parkirto no-eds fEr the Loours Miam! Eeactr Hotel, the &owne
Plaza'Hotel and other seMee and retailbueinErEes'iniho area;
A $20 milllon oyerhaul of Uncoln Road, partially.funded With the
buslnes€eg on Uncoln Road;
An awardqinnlng Eeadue_lk extending fmm 21st $treet
to Lummus Pa*, comprlsing an at-gnade. lEndscapd
padestr,lan rlalkway;
lmplemantation of e CulturaiAds Ga.mpus Master Pfan
for the arpa east pf the Miarni .Beach Conventlqn
Center, which lndfudes e new regional library, the
hEqdquqrters of the Miaml City Ballet, the expgnslon and
renovatlqn of the Bsss Mussum of Arl, the IO:
landspaplng of Coltlhs PSrk,,.inolfiding $e restor,align of
the Roltunda and exbnsiye elreetscape improvements
throughout tho er€Br
The cumpletioh of the rnuch heralded New
World Campus, lnclUding the neyy elat+
of-the art Gehry-designed headquartrers
hcllity ficr the New World Syrnphqny and
two publlcly-funded componente, indudlnga SIS Mllllon nunlo-lpat Gehrydeslgned
pa*lng garage and a $21 Million world-
class park.
11
558
Other lmpoflant projects include the 650-
epacd mbod-use parting faofiity buitt on the
surfacc parkrng lot on the llest slde of Oity
Hall, tarhloh includes 35,000 $quare feet of
municpal offlce space;: the hplementdtionof malor Flreat and infrastructure
irrprovements throughout City Centel
valued st more than $26 Mllllonl and Sre
aoquieftion and Ienovaton of three multi-
famlty buildings (Bbrday; Allen House, The
London flotsa) to rnaintain the stock of
affordablehousing in the area,
Tax lncrament Finanoing fin ffirough the sala of iionds has beon a major tool for
financkg redevelopmerrt actMties. To date, four bond iesues have occurred in OIty
Cerrter: one ln 1004 br $25 rnillion, to acqulre land for the hotel deuelopfiient
lnltietlves: ona ln 1996, in the qm-ount of '$43,2 mlBion to fund contraofinl obligatlons
and cepltal Improvetnents helatod to the Loews Hotel and
Crov/ne Plaza l'iolei proJects; one in iggB, ln the
amount of $38.2 mlltion to flnance capltal expendltures
related lo the conv6ntl6h hotel prrojects, th€ Cultural
Campus prsie6{ and io r,epalr the $21.5 mltllon debt
obligation to the City; and thd most reoent, vvhlch
occun€d in 2005, in the anlount of $80.7 ntillion to
refinance the outstanding debt seryice on prior bqnd
lseuas.
The City and Redevelopmient Agenct's commilment ta
upgrading ahd improving the area's infrastructure,
addreasing parking and,circulation lsstres, and facllitating
new development has fueled slgnlticant new pivate-
sei:tor lnvedtment in tha area, evldenced by more than
S000 Mtilllon ln new buiiding permit actiW sinoe the
area's lncepHon.
llllork Plan
Since lts ruocHqs ln at8acting hrc cahverrtion4uallty hotelg, the RedeveloprnentAgency
hae been focusing its efforts oh a number of iniUatirps aimed at uBgrading the area's
lnfrEstrrclute. ulreqlE and pqrks, alleviating traffio and parklng oonge-efion and
encourging the produoUon ard presehtation of,afts and cx.rltural aetivitles in the aree. ln
2003, the Redweloprnent lAgenqy amended its Redevelopment Plan for City Center to
epecifioally addresa theae- obJeclives ln the cprrtext of the New World Sylnphgny's
expanslon plan6 involving the 17ur Stie€t srirface lots and tte resultlng lmpsct to ths
ConvenlhnCenter.and buslnessgs in the aroa.
To this end the Redarelopment Agency'e mission is to coordinate, implement ahd fund
the Plan's oblec*ives and to complimentho Gity's establiehsd vlsion:
, Clesnerard safen
12
559
. .Eeautrful:'and ylbrant
. Mafure, sBbfe residential commffiitywith w-ett lmproved infrastrudu-r€
r Culfuf$I, e*ler.lshrnent And .touficm caplb[ arrd. Iniemationel cemer fsr lnnovatlon
dllure afH :busing$ uttrile
. MaHmidng rr?hre tO Our commiinlty for ttire tarrdoltars paid.
The Redevoloplnent Agenqys bbjrirq$w over the nsxt fryo years shall focus 6p 165
planning and iinptemenlaUon of cipltal profecls assoeiated with, but not llmited tri the
fulaster Plan for the expanslon of the Convenllon Cente4 upgradurg streetscapes and.
related ffiastructure throu$hout City Centor ard increaslng ttre lrwentory of parfting
faclllUes, lncluding th6 pendlrg oonstruclhn of a new 460-space Bar"kiru garage to b6
locatqd on,23d straet and Oslilrte Avenue, deslgned by.vrrcrld'renowned archltect Zaha
l'ladld-. The RDA shall also continue,to fuhd prinUc seiriloe enhancqnenF provided for
undff he Oommunity Pollclng Frogram as well a$ ensure the on{olfrg firBlntenanoe of
qgpitai assets funded with nF. I should,be noted tfrat that a m4orlty of the capltaf
gnhaqceqryts sEJ.forth in tre Redewlopmpnt Plan anO the 2002 Amendmertt therob,
trye be6-n completed andtm are crnentlyunderway, includlng theClty Cofi.ter Rightot
W.rytrhprownsntq, the City Hall ExBartslon Garage, the Odllns Farlc lmpnsrnmentB and
the develppment Of the 17h Street swface lols into the New World Campus,
Buqoel Fliohliuhts
r 'Eased on lhe 2O1a @rfifiqate of Taxable Valus from the Property Appr,aisar's Office,
tho prelimlnary valge of propeft ln Gity Center ls aotually fro;ecteU to lnorease by
7.37o over 2d12, iharklng Urcthlrd year In a row; nalues seem to be baok on,tho rlso,
foltniling two lrparp of decline. However, as ln previous yearq the Ci$'has
received cdtespondenog from the Gounty, advising of'the flnalliaihn of:Ure tax rctl
f.or tha prlor year, whlctr ln the case of FY.20tl'l/12, r,afleote a slight:decre-ase from
tho preliminary valuation fur the same lrear..and wlll result in a conespondlng
adjtsUnenlfteduetion in TlF revtsruras tofallng $168,000 tor 2018114 w $5.5 rilllbn
tor2O12l13.
o Additiornl sources of revqlue tnclude ah esdmated $5.4 Mlllion In Ressrl Tax
oonlribu$onsi a % mll! le*'n the amqunt of $1.8 Mllllon,lo he se[ +g.lde forths
Chlklren's Trust pursuant to 6n lntetlocal Agreement dated Artgust 16, 2004
hetween tha RDA, the Clty of Mlaml Beacfi and Miami-Dade County; and an
estimatod $25,000 kr interest lncome.
r proJ$gt*re1s1ed expqnse€ accpunt fqr approdrnably ffg Miltion which lncludes $4.?
MIHqn to be allooatod for oommunlty pollolng lnltlatfueri in CitJ Gentar to conflnub to
provRle enfranced levels d stafiing irid servios thmughout th6 ar€a, and SS Mlllion
for malntenance of'RDA capltal Frolecb. On-going arrd plaoned mpital proJects in
Clty G6nt€r arc proieoted tu acmunt for $18.4 Mlllion in the FY 2013/14 Budget and
generally Inctude alhcatlons for conslrucfion of the Colllns Park Gsragq,
Cityt0orivention Cer.rtBr Right-of-Way Storm Wabr tmprovements, Llncohr Ro;d
Master Phn and lmprovements to Euolld Awnue. An addifional $6fi000 le belng
proposed for caplEt renewal ahd replacement pmjacts; lnctuding'repalrs and
13
560
maintenan@ to the colony Theater. Additionally, ffi05.000i in transErs to tho
Permsylvania AvernrE Shofe and Garage are budgeted to oftet fte Citfs costs
associatad vuith ttp retailand parldng operataone.
Admhlstrative Expenses total $1.9 Mlltlon, comprlsing a management fea of
$1,198,000 whidr is allocated to the General Fuhd to pay for direct and indiract staff
support for the RDA; approximately $650,000 set aside for ongolng planning and
coniulffng wcrk rBlated to the Convehtlon Center expansion master dan; and
,$25,000 fof capital renewa! and replaqement pfolede under $25i000. lt should be
not6d that the Management Fe6 allosation io refiectlve sf actual dty resources
epplhd to the opera0on of the RDA, as supporbd by the RSM McGladre!, Cgst
Alloca0o"n Study, dated.tuly 2q, 2009, lt shoqld further he noted that'Adminlsfrative
and Opemting expenses only aceount for lees than thr9e. percent (37o) of the total
budgef, which ie weil below the 20% threshold level established (end permitted) in
tha lnterlocelfureenerfi between the Gity and the County.
The $rrent ombined dEbt seMce on the 2Q05 series Bonds ?nd the Psrity Bonds
aQcounts for aBprqIimately $8,65 Million ($8,a) Mllllon annualty. City Center atso
dontiilrea aSsumirrg debt sefvice paymenla on the portign of the.Gulf Breeze Loan
r,ped to pay fOr the Base Mu$eum eXpan*ion and renoyatlon, and the portion olthg
Sunahint State Loan Program used for Lincoln Road improvemente, which
collectively a@Ount for approximately fi ,a Mlllion.
Reserve line item expenditures lnc[ude thsse items that, pursuant to the exlsting
Bond Covenants, may only bo expended onoe the,anrruq! debt aervice obligations
heve b€en rnet' These lnclude tho Gounty's admlnistrative fees' equfualent to 1'5%
of lts respective TIF paymenf, and the correspondlng contrlbtttlon to tha Ci$ls
General Fund, equivalentto 1.5% ot the Clty's eharq of iteTl-F payrnent; and the
renilflanm of the 14 mill tax levy hack to the'Chltdrsn's Trust.
I
14
561
I
Ead
E
E
I9.$t
^rot
brtr-
IJlr
:o' tuf;
ES.E
Erl
HiI
EEf.o trE
EIi
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E
$$t6
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f$r
6
CotETr$;isf
[fE ${83 }!g* rl !
s!3 H$
t
Btt
L
E'qI
tl
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soE
E,B
T$
E $.,*O.I E'
FH
6l
15
562
Mlatril Bsach RedevelopmentAgehoy
Clty Genter Redevelopment Area
Proposod FY 2fi31t4 Operaffng Budgiet
?{1U11 F,r11tt2 FY20ial3!
R.$anuei and Othsr Sodt6s of lncome
Tax hclpmanl -oltY
Fd HJustmenl lo Ob lrcranen!
Ta( hcroment- Colnty
ProJ Adlustfiottt to dlouniy Incraler{
s09( Contlhrlon from Recod Tax'
'tZ tr{l chidrqtb Tiurt (Xrlrhutlon
ln{ciiittncom
Fund Bahmo BeGlbca$on: (tharnF)
ft nd g.hlloa nonrud and Bedaoamml
Olhd lrrconc/Adjualmdotli
IPTALREVEIiIUEE
AdmlrVoprrttho Expgrtgto
Meoag3ment fee(salarl8 I bonoob)
Sabrlg3drrd D6nat.ltB
Adv.erlbkU & prmtollon
Poilaoc, odnting & mallod
Otrhe sr&pth6 & oqulpmont
glisropqra{iog
Meellng€ & conford,ncrh
tD6e & subscrlp{ohs
Llocnet.&Taxee
Aurll&uc:
Polersbnal { rdatod f6s
flepalre and Malnlenanoo
Mkaollaneous oxpenBei
fohl Admlnl0pernllng ExF6rt3es
,roJect Expepeg
Jomrunlty Psliol.tg 1W1124
Capltal Prolrts Malnienarrco:
Prop..ly Mernu {08-S84
SEriltatbr,l6&g9Gs
GEohgpecc! 1S&9984
t|ttS prq,gdnhcofn Park e,omplox.Cofi iruency
Ntlrs Pnola.t - Greil.ln.Ald
Trpnsf6r 16 Psrn Oarage Pad<hg
Trao$ertb Psnr Oar€e Relal
.'na4$f6r b REne$El ahd Ft€placemont
trand€( io Cetd Frcleqis
TolalProJect Expcnscs
R.eorve ard D.Ql sqvlca OFllgatlonr
Debt Ser!{ce Gb€{ - 2005 + Partry Boi*rs
CurcDtNi S€rvlce- tlncdn Rd Frolml'
Cs.rEnt Dbb! Sgvlce - Basc Mrtsotln?
Rossn e,Is Cor.ttty Adnln Fbe
Reqanle for o[lB contdbqlbn
Raservalor Ohldretlb Tfu6t Cor&boUoh
Raterve fc Collhs Palr Faillng Gar$o
Repaymcnl-Prhr Yr Fund Balgncs
Rsserw h FutirG ProFaB
Tohl Re3€rv. and Dght Borvlco
TOTAL EXPEN.8ES AI.IS OBLrcAflONS
REVENUES. E)(P.EIISES
FY l3rljt
Progoted
Fsds.$fl
Vrdar*e
AqtrlEl Actuit Ad-o$cd- Brid$t FromFYtzrlt
t 10;3z,610 ,
(1,476,128t
'18;047,879
('t,2F2,as{)
4;492,078
{t74S30
9,20{
,8,837,093 .$
(1,75t 461)
t4,201,236
(1,367i'15l/)
ds25-,!08.a,481,004
8,278
lg 188,4p0 f
({.87{,ooo)
{4.818,000:
(r.m0,000)
{.681,000
t,575,000
13,000
sy'l6,oo0 $
s785,qm
5G1,000
190;000
201,@
{,6-/6,0d0
fspB{,oog I
(0{,0m)
16,902,000
(?4,000)
6,386,000
1981,000
?E,qt0
7{0.000
l.?77.000
i,{?4d00
tFs2,00o
?02.000
2i6,oo
12r00o:
3.000
4,000
't,009
a000
2,265
8t
&5{8
t2
708
900,350
z,OW.,146
u1,521 g
m,fro
.06,031
2764;374 I
9s2,889 0
859.00,|
7S5
20,2&
175,S73
31,489
0?6.000 g
s65,000
9,0@
241,0{0
irs,oo0
E,741.000 $
.El,'143,0@
t2.693.000
e7G3000
405,000
?00,o00
1,049;000 t
155,000
60,000
,3,000.
dooo
1.000
l,ooonr:
2i.(n0
02s,000
25,000
ft.0@:
00,Qm
50.000
l;000.
12,000
388,000.
ssroo
42i,fio
00i000
(1a.q00)
,3St&
{0.000
rtl,m0
{1,900
nt00o
260;000
312.000
q4ll,72o s
,liol3,{73
2.680;4E8
606,242'
4S,SO;
317,112
4,195,0o0
1,176,@0
3,020,@l
83a{X!0
30q@
$o&d
t ,164,000
{-
8,3S3,254 $
t.0g{,178
606,!50
221;tM,
263;63.1
t,1?1,€30
218'18,24f
8"5{410t $
l.l03,ao8
6q2t7rl0
193,801
.24C.,119
1,481,004
l16t,@3
6,6S,000 '0
825;m0
547,000
210;000
28sO00:
I,er.0&
342.0@
3Q,00:lr62Eqlz{as t0185,861
(3'10}100)
36,77tp00 I-$
4100q000 $ 0tz29,q0ot-$f$I
1S.000,0@
7$t0?P
26,449
16
563
Proposed FY 201:3/'14 Anchor thope and ParHng Oarage Operatlng Budg€l
PYl0lll: flllnz .FY l3r{FY20l2rr3 Propocitd Verlih'.!6
:R.v.ririi.:
Parlhg Opara0onr
Retafl iaackrg
lnlerHrtPirohd c6sh
TOTALBEVEIIUEs
OpcratlnB ExFmua:
Pa*hc Opsqtlqq
G3l{p UB6'Feg (ToLoew)
Gilrego.Ropahs and iialilcs-Erlco
Rdql loagng Propdty lllsftagomBr* fte
Retal Lsalru. Repair & liatilenance
Reldll l:rtemat Scrvloq ClsEes
Ra{sll oparathnc [teprqjdbr
l&nagtrmtnt FBolo Gcncrd F.und
Partb-g Operdfionp Marngeqnrn{ FbE
Reta[toashg llelu00rn6flt Fo6 to OF
Trlrrsf6r to RBn6flEl and Rets0ce.mBnt
Tmnslci to Ceplle! frr4st€
Rosvlro to, Fulum CEpllal - Prart{ng Oper€Udis
Rssaryg fot Fulue Oapltd ' Bstall Oporatloos
TOIAL EXPENSEE
.EEVENUES. EXPENSEq
Flav..Due!r.
Faddng opgrelhos
Rebll leaslng
Rob{ Tfat6fer fruln RDA O[orauorls
Parklng Tranefcr,fom RDA Opera0ors
Irtta(€-e! Ftgl6d cqsh
,,OTAL REVENUE$.
OpaBUrrg Expenso;
Pafilrn Operallom E,pendllrrres
FlEr*l,tg A&nhlBase Fee
GecEE clound te8so
Partlog Ba66 Renl
fdd'llParccnhgc Rsrt
Garala Maidg$rsnl F6s.
RetsS AddltsrE Base:Rerrt
RatAlf base Rarlt
RedtAddn ree,
Doproclgtho
Lsar}U Comrnlsslohg
Adtti1 F€e (OFl
Oontlrgonc,
TOIALP(PENSES
fiE'YE{UES 'EXPE,ISES
1,gsa64{, $
4?r,g{:
'70,917
s6.2v1
65.396
109,07,{
169,074
06,{09
55390
106,?10
'1s0,710
35,0.0.0
55r00
224;OO0
223,000
14;000
:rSAooq
358,i[0
2.078,000 I
6rlo00
ct0o0=.
::
3a000
tg,BQq
-65,00Q224ooo
2?4;N0
10.000
ize,ooq
7e000
.53,000
40,@
Ct1900
(q'ryo)
E&ogo
(rcnoo)
{0oo
'!,0@
t4,ooo)
98;@
e80,qro)
r.2B{,876 E- 2,Q2q,000 g4&341 463,000
0e0te 62;000
678;049 $1.108,?D? t
Proposed FY 2a13ll4 Ponnsylvanla Ave Shopa and Garega OperaUng Budget
FY tofll FY1'llla FY 201213
FY 13114
Propooqd v.orloncr
1ttll23uti'tz
346,000
57{.000
406.000
s50,ry
305,000
aoo,tzt $
I37.08
20,62u'Y-
162,006: $
723.029 I
15,308
rr,82
.2i,65i
N4zsoe
$js,rsz
$276;4{8
11,131
$r'l'8t'
303,400
802;000 S
6si$d
23;000
tzs;ooQ
$0
$47,ooo
$278,000
{1,0o0
024000 $ 20,00055,000 2,@O
29000
24000
01,0QQ: 1{,400ne,oo[ (ls,ooa)108,0(n 85000
(2,18t) $
17
564
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18
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trill'Cae Urahifls&ai&0{rmto$Atiltrtrfr trsih;e.turtrtlfrq.t /ico
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THE MNM BEACH REDEVELOPIilE}IT AOENCV ADOPIlilG
AND SPS0PRI,ATtrIIO TllE OPERATIMI BUEGET FOR TI{E
oIrY cFlfrEa Bep*etoFmqlr rRer, fiE AilcHon $HOPs. A}ID PARK$IG GANAGEAND THE PEHNSYI.VA}SAATENUF
8l{OFg AI0:FARKING GARAGE FOR FEaAL YEAR:?ll.f lU{4
WIEREAS, the rcpoeed CiU OenEr Re{E\ElopmentArea Budget hqc begn praparad io
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ilUHEBFAII, fis prlopossd Clty Conbr RedorelopmentAreq Bdget tetleds,s$idp*€d
conetruoilotr prdeCtcor*e in. additlpn to operafing and debtseMce cottc for the fissel !par: md
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&13114 btdgcE for thE 0lty Center Redanelgpment AreE, as wd! aE fur the Andor Shopt and
Perkln$ @rage antl tra Pbnnsylvania Aueorn Shppg BnC Garege; and
T.IO, U THEBEFOBE, BE IT DUI.Y RESOLI'ED BY THE ETIAIBPERSON A]..IP U$IEERS
oFTl{EillnArilBEAC}IREoeyercFUsUrAGE$icYithEtthEQhahperqonandMemberclur-U
adopt arrd appmprlates the opsratlng budgetfot the CIty Center Redaueloprertt Alaa, ths Archor
Shops and Pdrldng Ganege and ha PannEylvarda Avonoe $hop3 and Garage for Flgcal Year
2O{3If4 es folto$/E
Clty Centcr RcdwclopmcntArea $43,000.000
ArdrorGarage Parldng Operat{ons $5,130,000
AnohorGaragB Rdall Operesons $857,@0
Fenngyt$anlaAvsruEGaragEP,arklrfgOperd[ohs $061,000
FoftnsylvtnlaAvarue GarageBetall Operailoru SS50,000
PABgED AND AD@TEU THIS SEPTEI$BER UOfi OEY OT zfii.
ATTES*
AFPROIGDA.BIO
Fffi[I&LANOUAE
29
576
MIAMI BEACH RED€VROPMENT AGENCY IIEM SUI\JIftTARY
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Gatrgo ab ltlsfi aE-ttro Parnsflvanla Avenue'Shops and Qaage are gt€eenEd as,epsr€te sdt€ddeo so as to
ollolnats any percsp{bo lhd ppoqeds fiom trc Facnl$s opepllons ara pqqlcd wilh'TlF end dner Trust Fund
rwrnuea.
Bipdon hc20lSCcdlhauonof,Taxab-leValugfiomh6FIoppryAppdoer'sOffica, haprsllminaryualucofBrqpettr
ln CW Gent* ls prdea(c-d b lncriaa by'7,3% orrQr ID!2. Hirnla.rnr, ae h paovi0us yeerc; the fltf h.Ee rcqelved
arespondonooturn heCounU. adrrlglho qf fpf,aallzatlon of fteta( tollforUtoplbrtear,wtrlchh thaca$df FY
20{ffi2, refredsad0htdemeasetomthE prrsltnlnaryvaluaflon furlhe smo tmand.wlll resultln acomrpondlng
a{uohonflied*tonlnTlFunnuestohlhtg010SO6for20lUl4ve $0.$mlllontsr2Ol2/13. Addlllsndcourcaeof
rryqrUe h&de anestimohd $6,4nllllon ln ResortTaxosrtlbu0onsial, mllllu0{h lheamouotd$l.Sfiil$$.h}ei
sel asltte for he Chlldnn'e Trust p,{Gurd to ah lnlodpFal Agl€oment, datsd Augru* t6, ?q0l bdrt 0€N! lhe RDA, tla
Ci$otMlamiBea&andMlafltrDsdsCorlrly; andanee0matsd$2Q0fillnhlcrastincorne.ItnEqcedFYZO/.A[4
OtyCal6v prCryslpDmsntAtga Eudgetqr$a3,000,0001s $S4,00Q|€Behan fleprpnosod Fr,tdg$rwqtlm€odEdby
lht Fxrgttlve Dlidcbi on SepMb6r I | , 20i I . Ttih dscr,oElg b' a laiult of a raduc{on ln he Cl$udds ]rdlaue rale ot
,t278 U,} h:E i/hr aM Conmhatm at nq wofirhop:tteld sepErnD*z3. 2019.
ln sder t0 addraEE 8to odr(g and fuiurs 6[[ga[onr ol lhe Rsdsrclopmgrrt Are. t lF repqorns|d.B-d, ffit lhe
Re0ev.dopnent Aoanpy adopt he atlacfnd Rosolu[on whlcfi a-shbll$es tlp opera[ng budgEtr br tie GIU Gn*lcr
Redorrsk*montArea,lhe&rdroShops and FarklngGaugeErd{he.Penfiqyhairf nenueShopsatd Gemie furFf
N"A.
^ou; lrEr t A-'-----'fr.dwE MAMIBEAC.H
--..-.'.,*!.- -.eltE:'trt#."**ffitEiafqffi5lc#l
577
E MIAAAIBEACH
CDf !, G'E{d Lcdr. ITOOC{rtrroilon Csrhr kfrc, tr{cml Bsssh;fbr[fr 3!199;rnlrv,nd$B&cgdrff"Errl
R EDEVEIOPMENT AG ENCY MEMORAN DUM
rO; Chahperson and ltlicmbprs of *re ndhmt
mofyt JliWL. Morales, E*ecufrya Dlred0r
DATE: Scptcmhdr$oi20fg
sUUEcIr A RESOTUTTON OF THE
REDEITELOPIUENT AGENOYI
an'dsthnabd $25,000 in b*eruet Inooma
. BUOOETq FOR"THE,C|WOENTERREDE\ ELOFilT"ENTAREATHEAIITGI{ORSHOPS
AIIE PARI(I}IG GARAGE AT{D THE PENiISYLVAT{IAAVENUE'3HOP8 AI{D OARAQE
FORRgCALYEAR2OISII{
ADi'I NISTRATION REGOITIil EilDAIIOltI
Adopl BE Rgsqluton.
ANATYSIS
Tha pruposed budgptfortheOfy Cenbr RedevetoprnentArea{RDA}tu-r Ffscal Year2013/14 has
oeed p6pargd o thlnclde wifrr ihE ownall CIty buiger prooeei .and k being presented todayto
agslst ln iNsrddlnO a astrprelrnshre olmrvleW qf the dislrlc[ Pfaase referto A[4ohmBnl A fortha
proposed bUdget de&lls.
F*aaucg
Fa99d on tha 2013 :Oenlficanon of Tdxable Value from he Property ApDrataefs Ofrlce. fte
ErBlkrtlnary \alue of property ln C.lS Cents 16 prqjeotEd to lntrgec by ?.$% ovs 20t 3 , markhg src
tldrd year In a roWrrair,fas have iilareaied; ualu$ sm to ba back ori thB riter ftllowlnglrto yaars
of dciJlne, HbwE/sr, aS ln provlbr"n yearsr thesiity tras racelWd conespondcr-rca ffitthe-.gdunE-
advieiing ofthe llnallzatlonof the taxrollforlhe prbipar,ufticti in thecasoof FV20{1/12, tufleoE a
dlghtdeorsaee fiom lhe prellmlnary valuation for lhe srn6
'Ear
and wfll lasull int colraspondhg
adfurfinenUreduoton ln TIF rcvenues Fhllng $'t68;0@forz0lUl4reisre $3,5 ndfilonfur20l2r13.
Artiritonal sour-caF ot re\rcnuo lnolude ant$umate d $5.4 mlllton ln Re*i,ft Tax uontrlbuiionq a }{ mlB
lErry ln tre a$ount of $1 .8 mlFlon; ts be get asida br tha Childrenrs Trust puhuEnt ti .an lftBttgod
AelEernont dated A.r.rgupt'!S,20q4 ha$,3an he RDA, lhe Olgof Mtad Beaofir end Mlant-Drida
AgonEV
AhlD I{EttltBERS OF TltE ilruft EEACH
AI.IO AFFROPfl ATNG THE, OP.EFATI NG
grpan*rups
Pmlec+relateil exOsne6$ accouht fur approximatali $28 mlll{on, vrdrieh lncludee $4.2 rnll&n b be
alloqded for aommurdty polhlng ldtiaSrea ln tre CiV Center !r conlinue providlng enhanced lEvels
of eufitrg end eer$aas frrogghout tle erga, and $4.9 million for rnaintanance.of RDA capihl
578
prc@.OngolngandplanndcapltalppJeoblnthoOtyGenteraeprajedpdbaqco{ntfor$1&4
r{lfisr ln fta FY 207U14 Budgai and hdrde alloca{om hr onsAUcfion of trs Colhts Pailt
GaiSge,lhe Eass Museum lntifo Expanslon and Llncoln Road Maeter Plan Study. Thb also
inclgdes tt .sEO milnon 6$ a tansbrto oovar mlor oml6l firRd balance deliclb.
An Addltlonal$?87i000ls bekrg proposed forerpld renew€l and Bplaconent prolccls; lncfusng
rspahs and rnalnbnanoe tc oerlaln Cig-orrred proScle and fadFtles, F-rdudirtg the Anchor Gaaga
and Coloy Theeter, Add$mally, $906,000 ln tranefea m Sre Fmnaylranl. Awrwo Shops and
Garag6-6te bu&€tod to otfuettha8DAie;coetr assoclatsd wflh ttre rahll end ps*lrq,opera{one
Admlnlsbatlm Elpemos toul $2 mlllhrr comprlgfrg e r-ilahegqnent.tse of $1,048,000 urtrlsh le
Ellocatsd f tre Gsneral Fund b pay for dlrecl and lndlnct stsfisupport hr tha RDAi $61,0-0t) for
aofuAlopenatlng expenset: sppr0)almahly$6?9,000 tetaslds foron€oing phnnlng erd consuung
rrwrkmlatad h ths Conwnlhn Ceriler expansion magterphn; and S25,000 ftrcapltal renaral and
rcptatrment projod3 under S25,000. lt should :be noted trat'thc ffinaffien! Fee ellocaflon ls
rqflectho of aofual dU resoutw€pdled to tlie oppmtton of lhe ftDA, as supported by ths R8M
MpGlAdreyCostAlhcatlonStudy,.dabdJu.ly20,200g. ltdroutdfirlherbEnotadlhalAdmf$fiath,h
and OpOnatng oQonEes only amqunt br hsq thAn lour presrrl (4%) of the Ual:budget, wtdch ie
wall belowfte 20% hreshold le\tglestabllshad (and pefr.nltted) h ttp lntodooalAgrpementhstunon
he Cttyand tne County.
The cnrnentcombined debtsenice on the 2006 Sefleg Bsnds and the FeriV Bonde acounEfoi
apprsdmalsly$tr,E mllllonannually, ClUCenteralso oon$nuesessumlr€ debteq,Nlgg psyffientsgn
lhe portqn oI the Gulf Breeza k an used trc pay for .the B6s9 Mueeum oxpanslon ard nanovafdt,
and sle poillon of the Sunst{ne Shteloan Program usod for,Llnooln RoadlmpmveflpftB, ivfilc"h
mllectvelyaccount br:apppxlmaialy $1.3 mllllon
Reaene lhe lEm expendltrrgs,indudrs 0tose ltcme fffat p,rsuart b llp a$sfing Bond C-qvenqnts,
rylay 6nU bB expEnded once lhe ennual dEbl,terulaeobligetlqne harrg beeh r--nel. These lridude hi
County'* admliilsfra{$E fegs. egulvalan! lo t;5% of lh resppotlve TlF pay.men!; an{ thp
adffisFondlng eontribufion h tlle Gityh cBndrel Fund, qulwlentlo 1.5% of sie cive ghae of [s
TIF pEymenB and he remlttance of tha 1& mlll tex leUf back h lle Chlldrcnb. Tfust.
The revenuea ryrd expenoes assaglstsd wilh opemtong of trE nemrly opemd Pennsylvenh Awnue
thopi and Garage and lhe Andror Shops and Parklng Gamge are pr*s€nbd aq sepaeta
sofiedule.F ln gder to eflmlnaE any peraeptlo,n lhdtprcooads fnpm.he fadlltlEsi operatbne arc
poolad wl[r TIF and olftar TruEt Rrnd mvanuaEt
Inaftor SfieFe and Pnr*lng 6ange
Garaqa ruvanuee at thsAnohor GaraoGaraga nrttciiuos at tta 6aftge ara pmleeed at appi$mebly $3,1 fillllon, wlth oieretng
expnfgs,(itcltr,fltngdenq$tiot,eontnag3lGvepge+1qii[gonilgaqo]E$lhlgeusandgerenl
trnd aOrUnismt n tCCb)i of approxtrnoety $2.6 rltitdn and'mse*os of S72,000.T
opara0mc h erqgcted tg- qanerde $_qrySp [t !?van$-e.si_l0$!rril{U [ilqlpgt,
Expansas aseoelaiad wlth tta r€fiafl manag€ment con$ad, related rclmburcable ei
deprealaton bh[ng $1 I 8,000, as woll as prejeeted reserrc of $741.(}(10.
tund a{gdnls(aflrn fees); of approximorely $2.6 mlllion and mservos oJ S72,000. The Arrcfior rekrll
:ff Slg'*.Hfl *$ul'dffi -li:'H#fl .9,.5HHti#-,!Htr'g*T*,Siiffi gfl !
deprealaton bh[ng $1 I 8,000, as woll as prejeeted reserrc of $741.(}(10.depreala$on toHlW as wellas proieetod reserrc ot$74
Fennsyhnnla Avenuc Shops and Oarage
ln eonelderadon of the fad tUt ne ponng$vanh Avenue Shqps and Gar.aga u,as bullt by he RDA
on Cftf.orflned propertyf the opanalion of the fadlls has been struqtur€d ln tre f.orm of a giound
esags b6tl8fn the $ty snC rha RD& provfrlng brme for bdl fr€ Garagg snd Retall opelathn8.
579
g44efirbiyN,nfi
wqqr
tlhttffi{dnti
e/rildf,wfr?firlltl
Ttr garege oFfiatbns Indlude basb r6rrt arrd an edmhEfase fe, ensktentwltfi tntEf tho
Andior Gmgp, Parl&rg'eore.aliorul fEar frnd tewnue dlelllE bo$eAn he dvena ne RDA The
Retalt qirgrathrp glso lndude btse rent and an adnrlnlstativL Ge, ss wa[ as a rchll teage ratc
barcdon2010rshllmaketmp raias.The rataiioperaEonealso fulude rsrenuaehadng bctunen
he'CtllrEM,he RDA
Base{ on egtimatee of thegapgets oqlrrrnt{,ear,operetng resultt, and hking tnto oonsldotaton fira
sucao$sfirt a(euton 6f e l€ase agtgerrent wllh Perrn 17, LLe.i for ths enthae tehfi sliacb, -thoEdHtyls antidpated to gereru.te $1.500,000 in revenu€s in FY2010/i4. eom.prlrlng $068,000|n
parlfiq ltownu€s and $650,0il1 ln tetFll lnoome. Fl-ounveq Eln6 the frdllty b eflll an$ctpEtsrl l0
oparabala-bsq durlng FY2!13114. hs RDAplanstoeuDsldtsettsoparatlorrsthrwghabanafarof
$306,000 h ths mdfig oFgmtlons. Experises tor lhe:taclllv aro budgetod at t1.6 Miilton,
ag.npiilrE S$o,g.oq [r d,fFct qpffilllts oo-es for he gerggo snd $6t1,000 !n leaqs tewwehted
obllqafloriS.
GOtt|CLUSIO$l
Tlr prpposcd FY 2013114 Clty Oenbr Rc&valopmenlArea Brrdgetof${s.000.o00 h @4,000 legs
han,tre ploposcd budget recommended by the Execullva Dlractor bn Septembef 1 1 , 201 {. Thle
decreasc h a rcsult sf a reduc{iot h tre citywlde mlllage rato of ,0275 by'the Marcr and
Com(tieslon ai its $,ortshop held September 23. 2013. Thk rniflegs nadqothr deorass lhe TIF
ruuanuea pad to tho (Xry Center Redwalopment Arsa by ttp Gity of Mhml Eeadr. Thls mducton ln
rcrronuog $ras olfset b! a rsducllon ln ths epandlture llne +Reserve for Futqm Capltrl FrcJec{s"
[r uter b artttrcss the exlstlng'and future oblsations ln tre Redevehpment Arcq- lt ls
rEcommsnded thatths RedorelopmentAgoncy adoptthe alhdred Resolu{on,whldr eatabfls]ree
tho opqatlng budgets for the Qty Canter Redauehprnent Area, the Anohor Shopa and PafitrE
GanagR an<l the Pennsylvania Avsnue Shops and Garage for FY2013/14.
.rrwrrSrus
Atladtmsnt
Ti\AoEilDAuoiil$pimtff .OIRDA e&A rnenn ZOts_l4doo
580
Rlnm.'ndO.lirBo'uut .thomcTdholanxt.plf
@A4rntnrottoeyhqqnmtTaiEtqtudsCout
BC Adwuqot ts Gont hsu{iml,60lteilftuugntootuqtTs
itE r{tr o$ni{Ufa Il il{ q{Wtqoqr
h5taf hmnc
F m Adrm. Rx[oc.UrE (tkt IIF]
Fftf Bthnc. nlrErld_md Rdrcmlat
Odr.r lrloo.ttdl4udht*'ltl
t(lTTLtEUq'.|'EE
Adt-ttrr0pffiiuFnlarfcthryol3l hciahtto E b3rrnE)
.8.Lilib.lUlfidrr
An,v&figAppno{on
Ild.gt.Flilhe &mdftr
GsrldcrCoeilhruntg[FaFflilnt
Mx{rEs&cp({ar|os&l.atrft.dplqrr
ljcolo9e aTs6r
A4rhai
Pfit|{on-{ A rdhr.dL.ia
RtpslrgldliEhHflrEi
u|lcath.ttr{trlfiiLrE f
Totrt AdrrLd0pn{m Ernrnro
Fohae+Omr
Co,tlmttltfy Ril*rg 1*,1121
ar0rdm|reiM[nfif,l6nertit&ttifio*crdflort 10{!0003
OEgWooE loSoss
itwg troFCrulooh Pd*coltpld( con$o$flay
iWISftdrot.omHrtrTiluirbhtng$@gcrld'E
ftnd*bP.no'9!tE Rdl
TrffiIrR.mm!rEdR$ostlsll
Irlle?bcQltdF'{eC[thlFoFca9mrc
Ra..ruc and mm8frrlaG ObUgrUoBou Son lsc oo!t..m6* ?8r,lu Eql(lth{illt Nsln h. - fftEoh fN ruoi
offinft ]roil 8a{vb - Botc ir0caultnnffitrSq{rttqnhf:c
ffEsmfuC|trtECom&uhr
F!.fiy6 Grcl$ft€nl IOd. Afi iEllirtu(
"Rl.rskQoilmPrt@Gls0e
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RrsvaGrFt$mPndrarllEI R.rcilD md D.tt E!.tio.
rortrr isErrEE fliD oBusArp[s
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t {q.frrpli I(l/Fq?al
10.0{r,qat(!2la!8q
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2i75{,374 I 0,4rl.z$ t
6a,0q
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$16,'000 I r,0ris_00 t$!,000 1t6000, !0.000c00o qooo4.00q a.ltro
t.@
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r.000
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tllail Arrrfi Radatehgn*Agmoy
Gnyc.,rt3rtudardopnffielta
hlopcad FY zE{ffi 'f Oporr[lrE BudFl
trun{ Fld$tdt ofil-.d lhrlrer
larr[l .larrd Arlaotrd Edt& EmFYfiUll
Frtult frture Fy30r4rt
l8.w.ogBl aIne.p0gi r0,pt{.000* 7{6,fi0(r,rE.la fi,s?r.@) lt(0EqJ q77r,0mr*,rsr.rso 14rlE,q,0 $.cta000 tr?d000(r.!(f.rs4 (10!8.000) g{.q{[| lrEil2,9P-t.s.!s{ 'lft{,m tgtaooo zu.oCI!.{dt,ts{ td6?5r000 1.iltt.oo zlc.qas,rr! rs.,@ 26,s00 lz.m
::::
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r*.roirr.*,,*iroHffi ,,.811111111111111ffi .ffi tffiE il;urrtm F €raa,t2$ I z!,fm.adT 2q08q000 3 {I!0.000
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h1ftOqrrdonr
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hhirltFtot(lOaCrloraLhh,E{lri
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Pn*'oaD.dLttrO.4!UlGftsFot[-lc!r.e.Rfitltr]ldlhhomp
R.Arr lra.lFg Pipfqu ldlllguDcd Fx
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i4roD|rrlolllqTrlE[Eg!
iraongilroit h to Omrd Frd
Wte gpeFllom UflEFn.ctl FcaItfil lsqfit!.U&ilrytxtlt ft. b OF
Itenfr lo,igrctrt rnt F@ntgrl
Ifm,.rtoO.dbtPrCrc
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ftEsvr lrr F&m Crpnd. nru[ Oprrabnr
tor4LEIFBFE!
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IT?^LEI,6ruES
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Pql&O AdnlrUBart 6t3mcrefiflr.Hm
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konrqfd FY 20i3ll{Parnr$vathAro Btropr end Batto!CI opDtsllno Bu&dt -FYtul{fltolr FfiUlt Ff ,otglt erlPmdFf ,orglt
582
REDEVETOPMENT AGENCT IEM SUI#VTARY
on the b 12 communilY-nneY, rwtt|y
aorntrfeO cepltut iroFds upre hlOhlf nnO Uy bqtr r€sldsr-lls and buslnssse$. ln $6 2012 0uruoy. stg
andituturerrdre-tdettlhOasendoosnecfty;trouldsthrg notlorcducsiard evo[ab[ityof pueFadd,U,
uras:one of the tsdffi idqtgned as ksydrivds o[ oerafl salcfaa,lhn hels'
ffi tsquhq sE$Hcfi( capltaljilrottnentand 16 r{onded b
&nrn is an odldd uatemirrt st priUtE potgy rqair{ng lo-ngumse ott1ploal dorelopment tn tti! Oftv_lf
tvttsm Aaactr anO tte MlamlBsidl RD,Ai eitabilshk-erprhil&s br thp upmr,thg fi"tB yiar poriod, FJ
,0ffi4 - 80t7f1& T- flrBt ysar of lhe OIP s reconrirsodd tui approral as the FY &1fl14 Gqpht
Budgot.
The Propmad eryctnbr RDA cailail Budgotfor FY &13t14 thoibjors.tofls $re05! mllllon and lhe
pdppidilFfmi'gna cin[at Hrirb* ar nie noe enorir GarasB tolatc $!8sp00. lho Pf *0t3tl*
oroiseeO Caottalhdostlridudssaiproprietbneforlheeonstruc-lionof thaGolllrsParkGaraga;tuBaos
ittuieum lntertor Bpirafn; mprovrimd'nts to Eucllrl Avsdue. Oty Gsntoi 9E and Llncoh Road Mastr
nJuly10.2013,ffe Pmposed CdElEudgEdantluprlatedGspjtal lInfouemeill'tBnu6rBolE9tEnqaI
eeilrlrs it tha rharre'and Glini&la Prrolects comndllpa and tra propoeed cadtal Eudger ard clP
- \-/
TMqNIrAlArilsaDla$!. SrOnDA CEdtd BtldgotsufiunIl{ r8*r4doc
a
-
Ac'foirrEu t B--'-'il*@MIAMIBEACH
583
I'
I
RE$OLqmOH ilO. seS,zofi
A RESOLIIr|OH oF TtlE CHATHPERSON AlilD lllEltiEERS oF THE iilAitl
BEACI{ REDB'ELff [IE}ff AGENCY' ADOFTING At{D APPROPRIAflIre
THE ilIIAMI BEACH REDEVETOPIIIEilT AGEI{CY GAPITAL BUDCET FOR
FECAL YEAR (FY} 2/0,IAI'4 AND ADQPNHG ITIE CAPITAT
lrilpxovffiEN? pLAll FoR 201$14 TltRousr 20r?,rl8.
IUHEREA$, fte 201S14- 2o17!18 Capltd lmproyemeff nan {glP} for0rallhml Beach
Redevsloptrett&ency (RDA) iEafva yperplan forpuD[c innp-mvqnentg and caplhlexpprtditurcs
byths RD,t,end
l,t HEREA6, thledooumentisan officialstabmantof publicpolicy regardinglongrarye
phy.aioal developncnt In tre City of Mianri Beach; and
UrtlEREAp, the Proposed Capllal Budgst for FY ?AliJl4ltemlzes proiec't ftnds to'be
eommltleel during the upcoming fle oal year detafling e$enaes for ppfect oomponents wfrloh lncfude
architeot srd englnaer, corwtuction, equlpmer*, Art ln Ftrbllc Placs, and ottnr proJ*tomtq end.
WHEREAE, on Juiy I0, 2013 funding nea<ts for the F\t 2013114 Ropoaed Gapltaf
Budget End CIF rttnre dsersesd at a meetlng of tre Clty of lrjaml B6ech Flnance and Clt!ruride
ProlecisGomml(ee md hefundlng recommendetlonq ar6 refl*td: and
[!r,l{ERE&. the propossd RDA Ctrltel Budggt.for FY ?f.ltll4lotals $i7,$04,000,
lncludlng $67.000b Renaral and Rsplawnent prolects; and
i,t HEREAS, ilra pmpored Anchor cerega Capltal Bdget for FY 2013114 totats
$466,@0, lncludlng E220,000 ln Rehsural and Raphcqnsnt proJects and
USIIEREAS, a oopy of lhepropoead pr4ooh to be approprieted $,iUr the FY 2013/14
Capltaf Br&etandtheGlPforFY2013ll4.through20171{SareprovldedinAttachment1'@0,
}{OIIY., T}IEREFONE BE IT RE8OLTIED BY TI{E CTIAIBPERSON AIID IIIEMBERS OF THE
$UMIEEICH-BEDEI LOPUEilTAGENGY,thattheChEirperEon6tid||lHnharshet€byatloptand
approprlete, tte Mqrnl Beaph,BDA Oadtal Budgetfor FY8019114 and thp CIP for FY 2010rti1
through 2017110.
PASSED AID ADOPIEO THIS 3OI}I DAY OF
,T,':' iil
SECRETARY
ASTO
FORM&t,SiIGTIAffi
TilAcEllD,t\z0llts$anbE rOiDA q0lEl Butd flld
37
584
E MIAMIBEACH
Cllf ol.U-Ittt{ Bradr, !790 frryllrlqo C.anhr Drtvq l\lliomi 0rodr, Ro*do 331$9; wry.mlomlfuoch[gou
coMl\ l$stoN ME&toRANDu^4
Ctelpdrson Matfl Hanera Bower and
RedeirehnmsntAgencU
Jtnrry L iloratas; Elecutlvp Dlrector
DATE; Saotember'00,20{9
StJllECn A RESOLUTION OF THE
BEACH REDET'EITIFilENT AGENGV, AMFTIT{C ANP APFROFRNNIF TIIE
UNM BEACH REDEI'ELOPI$E$TAGEI{CY EAPTAL BUDGET FOR FISCAL
YEAR(-FO 8l{rl{ AND ADOtrrtttO TTTE CAPITAL ltlPRovEmEilT PL"AII FOR
Fy fi!t[J4* Z0tfr,tg
4Ffl lilttiTFArEU{ EH$grrll'IENDrttrottl
Adoptthe desotutlon
BACKGROT'ND
Pfannlng for oepltal impruvemanb ls an ongoing proeesa: qs neads change urhhin tte Cltfs
RedEVaFpmeffi Dislricl f-RDA|), cqpitsl prograrns and pnsriiies must be adJuEted. Tha Capiltat
lmpmvgmgnt Plan ('CIPJ ser.ves.ap the pnimary planrilng tool hr syabmatioally ldenflfylng,
prtorHeing and asstgnlng funds to orltlml gity and RDA eapftl davelopmorrt, lmprocments ard
as$odated needE.
Th€ BDA oapltal lmpovtmBnt plan prgoess:began In the epring Wbsri atl departmenh are
ad<Ed !o prepelecapital lmprotement updates and requeeb on tha d.epartmenfe.ongolng and
proposad cqpit l prolBc{s. lrdlvldud iepartmenh.frepare submlttds idedifying PoFntial
tundlhg $ourcQa and requeslhg oommltrrrsnt of funds h. thsir rcupectve prolects. The
propoeFd dgqqnenlb rwie'lte{ fiy he Clty Mansger, end up4 appreval. i$ errbmltG,d te the
Flmnoo and $ilyvytde Prolectf Commffise.and the Clty Commissisn/RedevdopmentAganey
.Board for fnal approval and adoptkm,
The GtP uns cre-aEd ae a plan for poleds fhei fequiro Bljnmcqnt gapltal hveernq[ and ls
Inbndad to senr a8 an.offlolel el&tement oJ public p9[cy rggardtru loU-mge phyalqal
deu:lopmant ln the Cit[ of Mlaml Baich. Tha GIP epgcifies and d-ercrlbes the City's caStal
prolacil plan.and ost$lishee pdorlties for the upcomlng ftva yca perlod.
lndlvldual prupctsulhln nalghborhood aaaa.have be6n comblnedto creata 'padog6r'dprofectr that address tre neighborhoqd negds for lnfrastruclurc upgrades; baffic flen,
enhanmments, dc. Th-ls cornprdrenarVe approedl mielmlzea dsruptiona-and gsrsatss costg
sav{ngs. The :proJec{s addrece many ,nbeds h dlffersnt areat of the Oig induding;
ns{ghborhood cnharrcertrantt such ffi landscapirg, sldcwdk resloralisn, traftc calmlng,
llghtirg, parklrg, uraterand eevuerayetem impmvemsrts, drahaga improrrernents and roadway
rss{rfelnglrcoonalruotofi paft rerrovalion and upgrade; a'rud construdlon or rgnovetion d
puhlic fracilftea.
Miaml Beadt
At{D IIIEIIiBER$ OF THE IIIATII
38
585
Clly ?rmntdsslol. l&nroroixlwn'@ulbn /d&ilhts FY zda H cf.pfrat Bud(F,t cnt FY 201gfi4 - 2Afi/,4 GrP Or tre fl&{
sqtrihrr&,r9(),Nl?tuw2
TheAdminisbatrsn is preeenUng tr-c propqs€d FY201U14 Capltal Budqetand ftre updgbd CF
tuFY?013114-2017118, following ammprehenslyereviewofthE CIPtoimurethetthe PlBn
'acouratet!, nflects all proiht fudgilt, tunritng murces and cornmitments, fur adoption by thi
Cilty C.ommhslon.
ANALYSI6
Ceplisl tmpirrvement Flan,
IheFT?01il1{-2017/18ClPfort}reGltyof MamiBeecharrdtheRgAIeafiveyearphnfor
puHlc frrngwements qrd rspi&al eryaMitunrs by the Clty and thdRDA, Thi* doiqmeht b an
ofllcla!ataEmentof publlo pollcy rggarrling long*ange phyelcat developmaut tn tre Clty of
Mtaml 6eaah and the RDA. The appmvsd Clpltel lmprovement Plan has:been updabd to
indltide pror€otg ftEt trill bg actlve during FY 201 3/1 4 * 201 7/18.
The Plan hqc beeh updaEdiolndude addltrbnaltunding gourcesthathave becortra availablq
dtargeg in proied liming, and othar adjustmonte to ongoing prct'ecls Ae they have bEoome
better definod. Ceilaln adju$tments have been made to mf,ad projecf,s th6t hwe baen
econfigurad, re{ited comblned with or separated from olhei pmFc{i andlor pr{edgrouprgs
and erelhe leeullof s comp{ehenaiw evhwoftha plogram to lnsur€ ihatourplanaccuratoly
n$eote all prcleot budgets, fundlng souroes ana coirnm-lmenh.
Avallable Gapltal Rrndlng
BaeFd fi ttl€ 2Ol3 OeAfrad Taxallq Vduo of the glty Centsr Radetreloprrrot Area (RDA),
prqperty vahes have rl8ut 7.3% for'FY 201 a/r4. l{et of'operating Sg$G, 01i nOA wtfl Ee-nanate
t{+9641I30{ million in anilable tundlrg tur capital proiecls ln the Cly Oenter RDA,
Propo*ed RDA Caplht Budgpt
TfteClryOenlerEqAFY20lUl4rerEvrslandreplacementproiec{stohl$6r,000. lnaddilbn,
$o,CJty lmt€r RDA FY 21113/1'+ popoeed Geplial &rdget of ${*scrj3.337 mltnon lndrd_ts
S122 mllllon le fundlng for lhe con*ruotlon of the Colltne part Garag , $3.75 mllllon for the
BaalMrryeum lntsrlorExpEnelon, $69,0o0ftrths EuclidAvenue lmprgv€mrflrts, Slp6,@0for
the Gi$ Genter0B pfi8ect,
.ohi cantsr9A obtet, an
Shops andpaddru GarageFund,whldr lssepamte becau*nlpnOtpartof tteT,orlncrerngnt
$nding of the.RElA' hae propoee{ capihl profec,ts of $840,000for Fhaee ll of the upgradeio
the ggted parking rwenuE eontio-! system and $25im0 for a gar{e strud$al enginesring
$ud$ $ also $c F-V ZQt ?Il 4 renoam I und replaocment needs trrhlrq $220,000 ard tzOtr,OOO
fercipltat prspcls lr.r trdAnohor OarEge,
coirq,yqmF
IheA{r_nhirhation reeommend$ adoplign cf thp agaohed Be$olution, whi*r Sstablishe the
*flt"J FqIq{-Q.th" RDA for ?t 201ifi1End the Oapftat lmproromenr prognn for Fy
20r3/14A30t7rr8.
.run<Fdles
f,iAGEltlDAl2olsls.iltrffir f,}tmA Gaptal Dudgrt mcmo tLl{.rtoo
39
586
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I't!(o[i LffiRd,llfFm|*rFe$l.i*.le
,renn uBtn€dlriltr4{qtFft!
d[0t& lHtlFrdllllE }l!..ttr0.h@imfteilf th.ftfdl|llhcr.i'8rd
inlhiFr .ba&.i!.dlftd0&plfit.Ali
,ll*il?6r lEti{rCanlc{*r.tf,rxmrtib.r ticdCfrtaaE!'if$Hnad'itisrt&r'atdQ.ftr,taag.ft &{.drft{t!d!S{ tf,d$itlhi..AiHrSF{3r
ssffir iffisrrL$t$ftto9llelrcrmfiiti
nrQ.ih.ail P$ioto&*l4autq{&"nl
tlrilr!{r ?barra*i0tryr\E$arucwtgr*
rc.D,fgf, fntmof.olPra,eoe,qr
FEadir? at.rm.6Eadrnhgdahrdihl
tr(tit|Ia. tailraS.irlrdca.op4ltor'|llt!'..&r.f{| lhrltrafFurrnFft|t0tr tlr!.trflardrryno.{laEq,|fiaa
t0r*
OE irEA.&ichotonitphar,t.It!.!e. .Aiu'.crin&rpftilr*itit.illmrsid. fut$q9.rrtiEa,tf{tilfrt.Ernt{rr9!,., lreforrEr-$P.thdld.Erl|iic.rfr f6tro{&illan'rffi.mnulaifi e,*!.Oagfaruar.lercrqrrdrrr. fn rE dtof Firqdrbn *{ffptGtrlo, CerdcrqittttLluoqEo
FlFebot rrytnrloFoetua.*rrr
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RESOLUTION 1{O 5e6"2018
' A REsOLUTloil oFTHE CHAIRPERSOI,IAND!frEMBER$OF TtrE
Mnm BEAGH REDET ELOPMET{T Ae$lCY ADgpflNq AilD
APPRoPRHxtllQTtlEf ,FSTAEIENDMSTIf TOTHEoPERATING
auDeET'FOX me CrryCEltren neevetopmrm Anse ron
FTSCALYEAR 2012118, :
WHEBEAS, lhe GIty Cerrter Redeplopment Aroa Eudgetfor FiSoal Year 201213
was adopted on $eptember [7, 20!2 vh Reeolu0on No.58&2012i and
WHEREAS, the. proposed CltV Center Rdevehpment'Area BudgeJ reflects
antidpaH cpnstrucliCIn prpiEet coets [n addison to operatlng qn-d debl servioe oosh for
theffscalyear; and
IUHEREAS, 0re Redevetopment Agency adofied Resglutioh No, 595-2013 on Juhe
'5, 2013, eetting apubiiq hoarinb tg consiuei'thq firet amohdment to the FY 2A1A1,g
openating budget for the Ci$ Center Redeveiopment Area; and
'WI{EREAS, the Adrninistratisn regommands adopting end appropriating he First
Amendnent to the RDA Budget to reflect increase experditures rdative to the Conltentio4
ifitaiii;hil;;m",rtinlh6H;i"n Fi"iee;naiaaiestatetaxesassocliteowlthsloesd
S$eet, whldt wlll,be offsetwtth lncreased rpsort tax rbv.enge, ag-rnmll as funds esQrourled fur
the 20i1 real estate b:<es fior 340 23t" Street.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE CHAIRPERSON AND
ITTEIUBERS OF THE HtAt'll BEACH REDWELOPmEilTAGENCY, thattho QhElrBeBon
and trllembers of the Mlaml Beach Redevelopmeffi Agenoy hereby adopt and appropri$e
the first ainendmenl tb tho operating budgetfot the Clty Center Redevelopment Area, for
Fie0alYdar z}lzll1,epproprlafing an additional$528,72S. , "
OilghalAdopted Budget
Propoeed Amendmerrt
roposodAmended Budget
$36,7V1,000$ $69,000
$97,340,000
FASSED AND ADOPIED .I7TH DAVOFJULY,
ATTE$T:
SECREf.
I,t
41
ffk9
tu€cmtorrymnDAF.rl
588
t
t
t,
MIAMI BEAct{ REDEYEToPMENT AGENCY ITEM SUliirlARY
Arrirydm'H* To lts Opqdm Brldg{ Fsr T.he Clty
Erta{6bn sls, EnvllolurtenEl 8can, dc.F
zt,zqt lmtl.lhqaaoitunotnCs6trltrriro.gaa-2o'!i. TnaReddvaloprrontAgenauadopHRssoufiqnNo,695-
aOig on Jurq 5, 20!3, ssfing s pubilo hearhs to conslder ths fircl arnendment to ffra FY zffizng ofenattq
hudget fur tre GU @rter Redevdqpnant AIBa,
IficemondmentUiheoperdrrgbudgeihrqUr**R***op-fltentArca bbglngdonebedd$gsinor,sa$d
eloeneeBatU&rrbdbthErureementlrrdUrgratagicAdVbqyGroup(8AG).whlcttkbranqmountnotbaxed
Sgl4.g4s.4t thmugh .tunazolrt The Redevelopinent Agoritry nuaifiuU0260.0o ln tte FY 201218 btidgeta8 a
ptaoatrddpr to tuftI $B acreer,nntprlqr h q"Bg(rrrqlhg anO apprpvlng phale tl of SAG-,E aglltrd" Therefore, an
tddjtlonat amount of amrordmably $75.@ ls rcqult*d td fund ihe mmatnlrtg pot0on of SAG'a pgiBemertt
Addllonal hoalsf,vloes are also anlloip&d fom oubHa cqrrcel to draft Ure danehpment ggraamentground
leaeeq as wsll ae oher rahBd contlddG requlied for tha Cotrwntbn Cedbi Enhqncsmffit and Expsr!8lon
Prcla*
Tha Redsrobprnnt Agenoy alao emqris@ unanticlp*ed eroenees essocl6t6d $iiih lha pgymen! of real €sEE
HeB for thd p'operty too*oO at 340 23r{ Sfegt. Thls property rryag purchassd hoiii Amethan Rh,bra Rsd Eslah
Company (Ameiloari Rfurera) brths development of-tp-Coitm Pirtr Gamga. The Clty entereC lnto lPatkppemilniiiinmerttti,lhArrrtcahBMErator-ttsoontkuod usgottre$nf-aoeparklrrgl0tsattltlslpcafion, Funumt
to $oilkn 6of gieAgreement, AmerhEn Rlylera h rqqulre,d.topayallrealesqtoE Gshataro lmpos€dBielnst
the propery Hsnhcver, rcal estab taier [Iert not pild for.zoll and 2012, \l&lah ]aqutnFd lhe Rotlat doPtncnt
Agpnq, b pEy ths b,€s and proqegd tp lqgue Ams.rlcen Riuiera e Np&e o.J Termlmtisn.
Ttrene+ixponsessrioffsFyfrrrde$2t,{04.4g,whldrwereescrouedatcbelngfor2ol{ propartytaxefortra
pr,opetU hcated at 840 23!E Btreer ndouOnafiy, Resort Tax Rorr€filla ls. Foje#d to hB $6321,048 whk* b
05d7,alE more han tre brdgeted ampmt of $416&4,00O Theag sddllhnal ra-wnues u,ill bc.used io cgvsr he.real
esUti ercs foi"310 2S'd Simst aril addtbial ri,rnsutttnE anA hgd epense for lha Conver{ion Genter
lmpac.t $ummirp The arnendment is lO addre* lncreaeed expffiqei yrltrlch wiI,be qfrot wlth
(9 MIAMIBEACH
42
589
(s MIAMIBEACH
G0y of if,erd flp6r lT([l Ctinurahn Cqor Ddw, Mlosrl Mr,:ttod&83l39, yv'tr,mbq&codr0.gov
REDEVELOPMENT AGENCY MEMORAN D UM
Chalrperson and MEmberg of the Mhml
Jiinmy L. Mordes. E:tecutiue Dltdor
DAIE; Juty 17,2013
$HlECr; A RESOLUTIOII OF THE
REDEIELOPUEXT AGENEY ADOPTING ANO APPROPRNruG THE FTRST
AiTENDII'ENI TO THE OPERATING BUDGET FOR T}IE GIW CENTER. REDEI'ETOPIIIENTAREA, FOB FEAA!. VEAR SI2'1T.
ApillNFrH$fl QH FtrcQltrr[i FilnAnoH
Adoptfhc Regolution.
KEy tr{TF,.}tpEp orrrQquF quppoBrEp
lmprove tho Cf$etnarrc:ial leatth and malntsin overall bond raflpg,
ANALYSHS
The budgetfurthe Clty Center RedevelopmantArea (RDA) torfboal Year2012[13was approvod
on Scptember 27, 2012 rylh the adoplion of Resolution No, 588-201e.
Cl$ CerrterRedevcloprnerilArea r€vonucsourcee inelude efuand GounlyTax lncrqnent, Resort
Tax conbibullons; a X mlll levy mt aslde for thE Childrent Trust pursuant to Fn Inlerlocal
Agrcsmont, daEd Argust 16, 2004 bafuveon th6 RDA. the Hty of Mlerni Eeach andhdlaml,0adE
Count9; aRO st gcthate lnteEat lttsgmE.
Clly CenterFtedavdopmentAreq,e,xpe6$lndude commrdly potidry Inlia$ves ln CitYCentqrtc
conllnue to Horrjde €nhanced bvels of Bffiog,End cerviCge throughoul the ana, capltal proJEdE
and malilenEnceof RDAcapltalProrects.AdmlnlshatlwE:oansecompfEing emrnagementfeE
allooabd to the Gcnsal Fttrtd to pal for dhect and lndtrect s,taff aupport fof Sre RDA; opereling
e,tponseq a eet aside for ottgolng Flannlng and consulting work olrted to tre GonvEnthn Center:
expanslon maeter ph$ oapttral fgneuyal and rephcemEnt,proJc.to under gZS,0QO.
Tho Clty Canter RedevelopmentAr€a also arurually asgumaa the comblnEd de$ aeMad on lhs
2005 $edes Bonds snd lhe Parlty Bq-nds amounh for appruirnately S8-4 Million ann$dly. Clty
Center also con$nuaB aeautning debt aeMce p4qnohts on the porffon of the Guff Brerc Loan uEed
to pay for the Bass MuseUm expansion and ranova$on, and fti portbn of the Sunehine ShtB LoEn
Prognam used for Uncoln Road lmprovements,
fhe Raleuehpmcnt Agenql aUopted Resolutlon No. sg$20t3 on June 5, 20{3; tefring a pribllc
he*lng to contlder he first amendment to the FY 201A$ operatlng budget for the City C€r*er
Rcdevelopment Alee. The amsndment to the oparAhQ budget for City Contor Redavelopnunt
IO:
FROM:
PUELIO HEARING
AND IiETIBEFS OF TTIE IUIIATSI BEACH
43
590
Fhd funmercrtro AB FY ztrufi Opfifing BNNtbr Clly @nlor Re&udopmertl fueewtt,utg
fugc2ol2
Aoab.HngdqretoadtreslnoeasedalpenresreldlngtottreGornrun0m,CentarEnttencqment
and Expanebn Proieat, wttldtSllbeqftet.wilh lnqesEad resolt tsx lpv€lilrg-
lncreasBd er.?enses ars ettdbutBd to lhe rgreemeot rvflh Skatploltdulsory Ctoup'(SAG), whhh is
for ao enlesnt'no[ b'erceed $324,949.41 firough June 2014. The RedEvg&pnlert Agonol
bq@g&d $2$0,000,in the,FY NlA{'3, budgd mra plrceholdeglotund hh rureement frlor tq
negotlatfig and qprovlng phEsE ll d 8AG'3 qontracl ThErerfors, cn addruonrl mtqunt qJ
apprsdrftihly S?6;000 b rqtdred to ftrd ttre remainlqg poibn of SAGs agreemstlt. Addtpnd
legal son lceo *'"
"1s6
afli{paled fiom oEt$de oouned to draft the darelopmatt q$semsnt ground
leaean, as pCl. as ofher relahd contraob requlrcd for he ConvEntion0enter Enhanaoment and
Expansinn Prolecf
TheRedavelopmantAgonqyalcoe,psrisnodunanti{patedexpensmaseffide.ls-q$bpayrmnt
of rpd eetatE lirxes forfua property iocatEd at:&{0.23trt StrGd lh6 aite of the pmposad. CollBtp Park
Gafege. AO yoUntay rccafi, Urt$ propgrty-wae purchassd fiom.Arrerloen Rlvbm Real Eetate
Oompqn!, (Afrsrtcan.Rivler4 for the Uevdopm.ent of the Colllns P*tt Gsrqg€. As part of tra
Burqraad a-greement wllh Am'6&an Rlvlera the Gfi entered into a Parkhg.fennlt Agqement vullh
Amerlcan, HiviEra for lts contnued oee of fte suriace partlng log at thfs looafion. Pursuant to
Sgcffon B of the Agraem6nt, AmErlcan RMera is requlred to pay all real estete texea that are
linpoged agirkrSt the property, Htiunver, regl estcte hxes r,l,er.c ngi pald for 201 I arld 2012i whlch
requlred tha Fledevelopment Agency to pay the taxes and proceed !o le*e Amerlcan Rlvlen a
Nohca of Termlnation. Anerlpan Blvlera made a aefrIement ofier whlch was Isl;ded, The Oty
Attomefs Office and Sra Adminlslrallon contlhue lo negotlatlons fior a eettbrrrerfl.
Thees expenses are off.eet btftrndE S24,J 04.49, whldr uere escrovred at doelng tor '2'01'l propeily
taxss 6rihe prqperty lqcatedlat 840 29rs StreEL Addltonafly, Re$ott Tax Revemre h pttiedeid to
be $5,221 ,84B whlch ls $537,848 morc than the budgeted amount ol S4,684i000- Thesa addilional
revenuee will be used lo covar the real estata tExee for 340 23ru Stnat and gddltlonal onsultlng ad
legal openee for the Convenllon Oenler Enhancement and Expanslon ProJect
Atlqcfied ae Extdbit Tff is a summary of RDA budget whldr r€fleoE he original adoptdd budgat and
the propoeed amendd budgeL
GONGLUSION#.
The Expgrtive Dlrcctorfccofnmenda qdapting the FasoluUon.
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Ad 951
MiamiHerbld.cam I MIAMIHERALD
"i=ffi=':.Jell:39J}-* i
sA i,rr,ivi i ;1 i:i ii{"; :-i,
CITY OF MTAMI BEACH ]
'NOTICE lS HEREBY givbn.that the following public hearings will,be heard by-
the Mayor and City Commission of the City of Miami Beach, Florida, in the.
Commission Chambers, 3rd Floor, City Hall, 1700 Convention Center-Drive,
Miaml Beagh, Florida, on Wednisday,'October 29,2014, at the times listed,
or as soon thereafter. as the matter cah be heard: . l
,, 1
qn OidinanceRmenOing Ordinance No. 93:2836 OfThe City Of Miami Beach,,
BeUarding The Establishment Of A Trust Fuhd For The "City Center/Historic
Convention Village Redevelopment And Bevitalization Areaj' By Amending
Section 4Ther'eof To ExtendThe Period Of FundingTheTrust Fund; Providing
For:Repealer, Severability, Ahd An Effective Date. lhquiries may bq dlrected to
theTburism, Culture and Economic Development Department at 305.6V3.7577'
5:35 p.m.
A Resolu'tion Approving, Follbwing A Duly Noticed Public Hearing Pursuant
To Seclion 163,361(2), Florida Statutes, An AmendmentToThe Mrami Aeiech
City Center/Flistoric Convention Village fledevelopment And Revitalization
Arda Plan (City Center RDA), An Appioved Redev-elopment Plan Under The
Provisions Of Section 163.360, Florida Statutss (The Plan); S.aid Amendments:
(A) lncorporating The City's .Pro.posed Convention Center Renov-ation And
Expansion ProjeCt;And (B) Froviding.ForAn Extensiorl OfThe City Center RDA
AtA Ninety Five Percent (95%)Tax lncrement UntilThe Earlier Of March 31,
2044, Or The.Date Agency lndebtedness ls 'No Longer Outstanding; Further
Approving And Authorizing The Mayor And City Clerk To Execute A Third'Amqndniertti By Arid nmong Miami-Dade County {County), The City, And
fhe Miaml Beach Redvelepment Agency (RDA), To The November 16, 1993
lnteflocal Cooperatiott Agreelment, As Arirended.(The lnterlocal Agreement),-
RelatedToThe City Center RDA And ByWhichThe County.Originally Delegated
ToT-.he City Certain Redevelopment Powers ConferredToThe County Under Paft
, lll,.Chapter 1.63, Florida Statutes (The'Community Redevelop;nent Agreement
Act Of '1969" OrThe 'Actl'); And Which Amendment, Among Other Terms,
ExtendsTheTerm'OfThd CitV Center RDA As Provided inThe Alorestated Plan
Amendment,'.And Adds Ah"Additional Member To The Govelning Board Of
The Agenoy, Who Shall BeThe Miami-Dade County Comm'r-ssioner Of Cou,nly
Commiission District5,.PuisuantTo Section 163.357(D)OfTtie Florida Statrites'.
lnquiries may be directed td theTourism, Culture and Economic Development
D e p a ft m e nt.at 30 5. 67 3.7 577.
' meeting, or any item herein, may.be'continued, and under such circu.mstances,'
a'dditionallegal.ndticeneednotb€provlded.
purluaiit'o Seption 286.0105, Fla. Stat., the City hereby advises the public that'
if a-person decides to appeal any decision made by the City Commission with
respoct to any matter cdnsider6d at its meeting or its hearing, puch person
mu'sf ensure that a. verbatim record of the proceidings is made, which record
inciudes thetestifiony and'evidence upon which th!'appeal is to be based,
This notice does not constitute conseni by, the City for the introductio-n or
admission of otherwise inadmisiible or irrelevani evidenc'e, nor- do6s it
, authorize challenges qi app. eals not otherwise allowed br7 law, _ . ' :
.To request. this material in accessibie format, sigrt langurge interpreters,
information on access for persons with disabillties and/or any accomrnodation
to review any document'or participate in any City-sponsbred proceeding,
please contact us five days in advance at-(305) 673"7411 (voice) orfiY users
rnay also call the Florida Relay Service at711. .--
,), Rafaei E, Granado, City Clerk
City of lV.liami Beach
594
..T IHUqSDAY, NOVE!'TBER 6,.IOI4 I I?ilE
:*lL"*mmm
CITY OF MIAMI 3T&S}I
$CNCT OF FUSLIS HEATING
tI{fTleE ltl tffinE# *t$*,* thst s pu$,lk hssri$* rstll b* herrd hV rhs &4syrr sfid *a{y
Car*r*iseion *l &e City *? illiami 8asch" Florid+ in the Comr*i*aisn Chalnberc,
3rd Ff**r, ehy i{*l{, !}** Corwenllon Center Drlve, tdlrrvrl 8c*rh. Flsdds, a*
Wrdndry, f*lrrdl*rbw I$, rSlrt ar t&0!i r.tlr{ or s8 6o.on ttiarsriisr aB tlrs rltxitat
tsn br hs.e**" tp t*r}*ld$*
A fi{sslull$fi.&Spr$y}iq" Iiollowing A Duly iloticod fubtle Hwrtng Furtrr*nt?s
&elti$n {$4.$$1{}}" F}rr*d{ Sts&tss" *n Am;rdmsnr fb Ths idiarni tseacfr Cfu
*s$tsftt{t$tsfl$ C*n**a$*n V}ll*tr* S.edaralopmsfit And Bovltrliradon Are* F}ss
{Ciry f,*ntur RS,&}, *x JtpproveO R*davstopment Flan UnderThe k&{iri$nE $f
$eetiox r$!,rcS, fls*ds St*tets$ $tr+ fi$$l; Seid Arrondm*nrs {Al *n*osorsrin$
Ihe City'r PrsFsssd C*rr:rr*ntiar1 C*rtEr ff*nrvation And Exp*n*ior Pro*H{q And
18! kovidifig $sr An Ext'Enxio:r OlThs Ciiy C*ntsr Ft*A At A Hirr*ty Flvts Fsr$6fri
{9S*$} T*t l**rqmcot UntllTtre Errlier Of fdlore}r 31,26{4" Sr?h* *art* A**ncry
,$d&lrlsdns$s k No L.on6er Ov*xtendin# Fu*|**r &pprrrlirtg &nd &utl*url*n6
Th* M*ycr And eiry Clcrk Io fx€$llte & Thinl Sr$*ndmont. Bv Arrc Anlsr\E
i{i*rni$rds Countf lCounry}, Yha tltV. And Yt}e **ixn.l$ &e*& fi*durr*l*r6rerrent
Agottsy iROA), To Thc Nowrber 16" 1S* lnt*rlq**i *sap*r*rl** A$rssm&of,
Ax Amacd*d lTh6 lntsrlocal Agrosmant?, $elared To Ths Caty *xnrxr R&A Ard
&t lt&idr Thr eounty Origia*lly Defryuwt To'*ts Ctry Cel&l{l fi*rJ**el*g*n*nt
*s*el* fsnloredTaThs County Under Psrt lll. fhspt*r 161. fl$rid, $t$tutes {Ths
esrrx$Blttf fltdov*lopmerrtr A*r*cfi1snt Ast tr :i*{$" OrThs ",&st"}; AnS Wtrlsh
A.rc**dmxnt. Arnong Gth*r"lbrme, ExtsndsTh*"f*rrx SlThe City Centw BDA A!
fr{nck *d lETh* Afjrt*tsted Plxr'r &m*Rd*r*rtt, And &d** &n Addlt*a*al lii:rirh*r
Tg?he Gcverni:rg Boord Of Th* Ag**cy. IrYho $trell B*Tho il{lisrnl-Oodo *numy
Cornrni*cionarOt Coust? CErnrnir*iqn Si$tri{t $, Furu*rant?o Scction '163.357{d}
$f llla Florid* $inxiltno, &lq*iriee mey &c dfreeted r{r tfi* fsllrr*m snd Seox*nr*e
S6*s&S.r?rsn{ Bs"psrfr.r}6rrt df "S*t fl3. }$il
lNTEfifSTgf 8e*fiS$ *rs insitsd ta sppssr sl this rnwfi*6- or br rs$ror6ri{sd hy
art €&&rtt, ar t* *x#r*** &*ir u.{ew* k lrdll*, rddres*ed tc th{ *ity C6mlYrl**k*.
cli, ths Ckf Clsr*. !7** C&n$aria$n* Ceater Sriv€, 1* FI{}sf! tity Huil. Miani &o**.
fiarld* S&l3$,Yhi* ;lrrnl 1* *uxil*l*!* f*r S{rblic l$s$**tie$ d*rlng n*rmu& b{,*irc**
haurf in ths Ciiy Et**b Sfffi*u, 1?6* Conyenrion ConrEr kiye. !$ floor, Ciry
t{*ll, h${*rnl B*a*h" F.l**da 3313S Thir ltem m6y b{ coflini,}ed" a*d *r*d*r *uch
circum*taficsx- eddi{is{lsl l*g*tr nc{** lr**d not b* F svidsd-
Purtutvrt ts Ss{ri*$r *8$"01*$, Fla, $trt., rhe City hor*y *dvi*aa the p{ib,$id th*t
il I psr$#tr tle*ldtps ls *$Fs*l sfff S*€,*lsn !rr*d€ ky *r* *fu Conrrrxy*lun wlrk
rs*p6ct l0 &fiy nl$itff con*ids$d *t {ts nrq*{isg nr its hseriN}g. s&h n6rs.(n mu*t
Gn${ri* lh$t S v$fb&llm r*t*{d c* S1* Sssr*€dtr}*x :is rnad*, whiefi r**nrc! in*.fudes
th* tsotiffi,&ny f,Rd xvidxnx* spein whidl tk* asps*l is ro bs be*ed.Thla ngtic* due6
not corrstlt$fiB consrnt by the eily {or th* intrsductioc or rdrnirslon of otherwire
in*dmi*slble or i'rslavs$t Eyidenss, nrr d** is sirrhsrhc {$allengw or ,*ppeolr
fisr 0}}|er}r.is6 allowed by lxrrr.
?s rsqu**t thlx nnatoriel in acroarible lsrrial sign la*gu*ge klterprstst4,
irtf*.ffiatiofi fi& ic(*s* tlr per*on* whh dlrnkrililir* an{tj'*r 6{1y &s4st}rffied*ll&fi
lo rEview arry document or pafiicip$ts in rnv City-sponEorod pmessding, plearo
*A*.{&{t rr* llyr rl*yr ln rdv€ace dt 3S5.6?3.?4lllvoiee} S}TT?A##{B ffiey $lt* rsli
lhs Fleddu fiolay $ervir* *t ?'11.
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