Loading...
HomeMy WebLinkAboutResolution 2026-34167RESOLUTION NO. 2026-34167 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE FINANCE AND ECONOMIC RESILIENCY COMMITTEE AT ITS FEBRUARY 20, 2026 MEETING, AND DIRECTING THE ADMINISTRATION TO PROCEED IMMEDIATELY WITH THE RESURFACING OF 17TH STREET AND TO REPAIR THE SIDEWALKS ON 17TH STREET AS NEEDED, AHEAD OF THE 2026 FIFA WORLD CUP. WHEREAS, at the February 20, 2026 Finance and Economic Resiliency Committee ("FERC") meeting, Public Works staff provided a status update to the Committee regarding certain sidewalks in need of milling and resurfacing; and WHEREAS, among the areas discussed, 17th Street emerged as a priority given the upcoming 2026 FIFA Wodd Cup; and WHEREAS, as one of the host cities, the City of Miami Beach ("City") will receive significant international attention, and 17th Street serves as a key corridor in proximity to major activity centers; and WHEREAS, FERC members emphasized the importance of preparing for this globally viewed event, during which the City of Miami Beach will be prominently showcased, and the Administration highlighted the need to ensure that roadways and sidewalks meet City standards for safety, accessibility, and appearance in advance of the event; and WHEREAS, although the City continues to implement its Sidewalk Master Plan, funded through G.O. Bond proceeds, and prioritizes repairs based on level of need, it was determined that 17th Street warrants accelerated attention, because the corridor is located near the Miami Beach Convention Center and Lincoln Road —areas that experience some of the highest pedestrian and vehicular traffic in the City; and WHEREAS, in light of ongoing construction activity adjacent to the Miami Beach Convention Center, which will involve continued heavy truck traffic and material deliveries (potentially causing wear on the road and sidewalks), and the anticipated increase in visitors, resurfacing 17th Street and addressing necessary sidewalk repairs were identified as proactive measures to ensure safety, accessibility, and overall presentation of the area; and WHEREAS, the FERC unanimously transmitted a favorable recommendation to the Mayor and City Commission to direct the Administration to proceed with the resurfacing of 17th Street and to repair the sidewalks along the corridor as needed. 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 hereby accept the recommendation of the Finance and Economic Resiliency Committee at its February 20, 2026 meeting, and direct the Administration to proceed immediately with the resurfacing of 17th Street and to repair the sidewalks on 17th Street as needed, ahead of the 2026 FIFAWorld Cup. PASSED and ADOPTED this fd day of Pfrc4 2026 ATTEST: / /%T . _ � '(,6L _ / XI MAR 2 0 2026 I�Steven Meeiner, Mayor Rafael E. Granado, City Clerk Sponsored by Commissioner Joseph Magazine IMtOAP OAAlE4 APPROVED AS TO FORM AND LANGUAGE & FO CUTION CityAttomeyNQ Date Resolutions - C7 K MIAMI BEACH COMMISSION MEMORANDUM TO: Honorable Mayor and Members of the City Commission FROM: Eric Carpenter, City Manager DATE: March 18, 2026 TITLE: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE FINANCE AND ECONOMIC RESILIENCY COMMITTEE AT ITS FEBRUARY 20, 2026 MEETING, DIRECTING THE ADMINISTRATION TO PROCEED IMMEDIATELY WITH THE RESURFACING OF 17TH STREET AND TO REPAIR THE SIDEWALKS ON 17TH STREET AS NEEDED, AHEAD OF THE 2026 FIFA WORLD CUP CHAMPIONSHIP. The Administration initially did not recommend resurfacing 17th Street, as hotel construction in the area is nearing completion and continued heavy truck traffic could prematurely deteriorate newly installed asphalt. However, the Administration recognizes the importance of ensuring that roadways and sidewalks meet City standards in advance of the 2026 FIFA World Cup and, given the significance of the upcoming event, will proceed with resurfacing and necessary sidewalk repairs. BACKGROUND/HISTORY At the February 20, 2026 Finance and Economic Resiliency Committee (FERC) meeting, during discussion of Item NB6 (Attachment A), entitled "A Resolution of the Mayor and City Commission of the City of Miami Beach Accepting the FERC Recommendation to Refer the Miami Beach Comprehensive Financial Policies to the Budget Advisory Committee for Review and Analysis," Public Works staff provided a status update on roadway and sidewalk conditions. Among the areas discussed, 17th Street emerged as a priority given the upcoming 2026 FIFA World Cup Championship. As one of the host cities, Miami Beach will receive significant international attention, and 17th Street serves as a key corridor in proximity to major activity centers. ANALYSIS During the FERC meeting, Committee members emphasized the importance of preparing for this globally viewed event, during which the City of Miami Beach will be prominently showcased. The Administration highlighted the need to ensure that roadways and sidewalks meet City standards in advance of the event. Although the City continues to implement its pavement management plan, funded through G.O. Bond proceeds, and prioritizes repairs based on level of need, it was determined that 17th Street warrants accelerated attention. The corridor is located near the Convention Center and Lincoln Road —areas that experience some of the highest pedestrian and vehicular traffic in the City. The discussion also acknowledged ongoing construction activity adjacent to the Convention Center, including hotel development, which will involve continued heavy truck traffic and material deliveries. Due to the potential damage from heavy truck traffic related to the Convention Center Hotel project, resurfacing of 17th Street was scheduled to be completed near the end of the hotel 399 of 1677 construction. The committee discussed the importance of improving poor pavement conditions prior to the 2026 FIFA World Cup Championship. At the conclusion of the discussion, a motion was made to proceed with the resurfacing of 17th Street and to repair the sidewalks along the corridor as needed. The motion was made by Commissioner Suarez and seconded by Commissioner Dominguez. The item was approved by a vote of 3-0. FISCAL IMPACT STATEMENT The project will be supported using currently allocated funds. Does this Ordinance require a Business Impact Estimate? (FOR ORDINANCES ONLY) If applicable, the Business Impact Estimate (BIE) was published on: See BIE at: h"ps://www.miamibeachfl.gov/city-hail/cityclerkimeeting-notices/ CONCLUSION The Administration initially did not recommend the resurfacing of 171h Street, as hotel construction in the area is nearing completion and continued heavy truck traffic could prematurely deteriorate newly installed asphalt. However, the Administration recognizes the importance of ensuring that roadways and sidewalks meet City standards in advance of the 2026 FIFA World Cup and, given the significance of the upcoming event, will proceed with resurfacing and necessary sidewalk repairs. Applicable Area South Beach Is this a "Residents Right to Know" item. Is this item related to a G.O. Bond pursuant to City Code Section 2-17? Project? Yes 0 Was this Agenda Item initially requested by a lobbyist which, as defined in Code Sec. 2.481, includes a principal engaged in lobbying? No If so, specify the name of lobbyist(s) and principal(s): Department Public Works Sponsor(s) Commissioner Joseph Magazine Co-sponsorls) Condensed Title NR- Approve Prioritization of 17th Street Milling and Resurfacing. (Magazine) PW 400 of 1677 Previous Action (For City Clerk Use Only) Not reached on 2/25/2026 - C7 AA 401 of 1677 NEW BUSINESS 6 MIAMI BEACH COMMITTEE MEMORANDUM TO: Finance and Economic Resiliency Committee Members FROM: Eric Carpenter, City Manager DATE: February 20, 2026 TITLE: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH ACCEPTING THE RECOMMENDATION OF THE FINANCE AND ECONOMIC RESILIENCY COMMITTEE TO REFER THE MIAMI BEACH COMPREHENSIVE FINANCIAL POLICIES TO THE BUDGET ADVISORY COMMITTEE FOR REVIEW AND ANALYSIS. The City Administration ("Administration") recommends that the Finance and Economic Resiliency Committee ("FERC' or "Committee") return the City of Miami Beach Comprehensive Financial Policies ("Policies") to the Commission with a favorable recommendation. BACKGROUND/HISTORY On October 30, 2024, the Mayor and City Commission ("City Commission") referred Item C40 to the FERC, to discuss the creation of a Comprehensive Financial Policy for the City of Miami Beach. On June 4, 2025, the FERC recommended the item return to Commission to consider a request of a referral of the Miami Beach Comprehensive Financial Policies to the Budget Advisory Committee (BAC) along with an analysis of total compensation as a percentage of the General Fund budget and to return to FERC to discuss. As part of the discussion at FERC, it was recommended that a policy be added to have all impact fees periodically reviewed by the Administration. That recommendation is included in the attached version of the policies. On September 9, 2025 and November 12, 2025, the City of Miami Beach Comprehensive Financial Policies were presented to the BAC. The BAC reviewed and discussed the Policies at length and provided recommendations. The analysis of total compensation as a percentage of the General Fund budget was presented and discussed but the BAC did not recommend any additions to the Policies. ANALYSIS The Government Finance Officers Association (GFOA) strongly advocates for the adoption of formalized financial policies, recognizing their critical role in supporting strategic and sustainable financial management. By implementing comprehensive written policies, governments can enhance fiscal discipline, ensure consistency in decision -making, and position themselves for long-term success. These policies serve as a robust framework to guide financial practices providing a clear roadmap that empower governments to: Institutionalize good financial management practices - Formal policies usually outlive their creators, and, thus, promote stability and continuity. They also prevent the need to re -invent responses to recurring issues. 402 of 1677 • Clarify and crystallize strategic intent for financial management -Financial policies define a shared understanding of how the organization will develop its financial practices and manage its resources to provide the best value to the community. • Define boundaries - Financial policies define limits on the actions staff may take. The policy framework provides the boundaries within which staff can innovate in order to realize the organization's strategic intent. • Support good bond ratings and thereby reduce the cost of borrowing. • Promote long-term and strategic thinking - The strategic intent articulated by many financial policies necessarily demands a long-term perspective from the organization. • Manage risks to financial condition- A key component of governance accountability is not to incur excessive risk in the pursuit of public goals. Financial policies identify important risks to financial condition. • Comply with established public management best practices - The Government Finance Officers Association (GFOA), through its officially adopted Best Practices endorsement of National Advisory Council on State and Local Budgeting (NACSLB) budget practices and the GFOA Distinguished Budget Presentation Award Program, has recognized financial policies as an essential part of public financial management. Over time, the City Commission has adopted numerous resolutions to establish guidance on critical financial policies, addressing areas such as capital reserves, fund balance management, allocation of nonrecurring revenues, utilization of annual surpluses, and funding strategies for capital projects. Certain policies, such as the application of General Fund interest earnings toward capital projects, have been embedded within annual budget resolutions. Recognizing the need for a more cohesive and efficient approach, the Administration recommends consolidating all previously issued Commission directives on financial policies into a single, comprehensive framework. This consolidation will streamline policy implementation, enhance transparency, and ensure alignment with the City's long-term financial goals. The following is a list of Commission resolutions that were used as the framework for the recommended set of Financial Policies: 1. Resolution #94-21258 — Conforming Actual Budget Expenditures to the Adopted Budget 2. Resolution #96-22014 — Establishing of a Permanent Reserve for Contingencies in the General Fund 3. Resolution #98-22661— Establishing of Permanent Reserve for Contingencies in the General Fund (Amended) 4. Resolution #2002-24764 — Capital Reserve Policy 5. Resolution #2004-25697 — Establishing a Capital Renewal and Replacement Fund 6. Resolution #2005-25832 — Establishing a Capital Renewal and Replacement Fund (Amended) 7. Resolution #2006-26341 — Stabilization Funds, Fund Balance, Contingency Planning and Cash Reserves, Use of Non -Recurring Revenues, and Capital Asset Acquisition, Maintenance, and Replacement 8. Resolution #2014-28543 — Establishing of a Reserve in the Resort Tax Fund 9. Resolution #2016-29500 — Use of lump sum payments 10. Resolution #2018-30429 — Establishing a Capital Pay -As -You -Go (PAYGO) Fund 11. Resolution #2019-30664— Establishing of a Reserve in the Resort Tax Fund (Amended) 12. Resolution #2019-30954 — Updated General Fund Reserve Policy 13. Resolution #2023-32647 — Recommendation to Commission on Recurring Grants every 3 years 14. Resolution #2024-33340 — Updated General Fund Reserve Emergency Policy 15. Resolution #2024-33340 — 3-year limit on Sponsorships Fiscal Responsibility Measures 403 of 1677 On March 19, 2025, the City Commission approved a resolution, agenda item C7 AH, which directs the City Manager to work with the Chief Financial Officer to identify areas for possible implementation of fiscal responsibility measures that would allow for a more sustainable financial expenditure trajectoryfor the City without impacting the critical services provided to the community and to present at FERC as part of the City of Miami Beach Comprehensive Financial Policies. Regarding fiscal responsibility and strategic budgeting, a pragmatic approach could involve a combination of strategic expenditure reductions, revenue optimizations, and cost -containment measures. Noting that recurring items impact the FY 2026 budget and one-time items reduce how much the City can transfer to support capital projects at year end. The BAC reviewed and discussed various measures related to fiscal responsibility measures with several being recommended to be added to the Policies. The attached, red -lined version of the policy reflects all recommendations from the BAC. FISCAL IMPACT STATEMENT Does this Ordinance require a Business Impact Estimate? (FOR ORDINANCES ONLY) The Business Impact Estimate (BIE) was published on . See BIE at: https://www miamibeachfl.gov/city-hall/citytlerklmeetinci-notices/ FINANCIAL INFORMATION CONCLUSION The City Administration ("Administration") recommends that the Finance and Economic Resiliency Committee ("FERC' or "Committee") return the City of Miami Beach Comprehensive Financial Policies ("Policies") to the Commission with a favorable recommendation. Applicable Area Citywide Is this a "Residents Right to Know" item, pursuant to City Code Section 2.17? No Is this item related to a G.O. Bond Proiect? am Was this Agenda Item initially requested by a lobbyist which, as defined in Code Sec. 2481, includes a principal engaged in lobbying? No If so, specify the name of lobbyist(s) and principal(s): Department Finance 404 of 1677 Sponsors) Commissioner Joseph Magazine Co-sponsor(s) Condensed Title A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH ACCEPTING THE RECOMMENDATION OF THE FINANCE AND ECONOMIC RESILIENCY COMMITTEE TO REFER THE MIAMI BEACH COMPREHENSIVE FINANCIAL POLICIES TO THE BUDGET ADVISORY COMMITTEE FOR REVIEW AND ANALYSIS. 405 of 1677