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99-23036 RESO RESOLUTION NO. 99-23036 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING THE FISCAL YEAR 1998-99 BUDGET OF THE MIDDLE BEACH PARTNERSHIP FOR THE REVITALIZATION OF 41ST STREET, IN THE AMOUNT OF $74,566, PLUS $36,500 IN IN-KIND SERVICES, TO BE PROVIDED BY THE MIDDLE BEACH PARTNERSHIP, FORA TOTAL OPERATING BUDGET OF $111,066; AND FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE A LOAN AGREEMENT, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, WITH THE MIDDLE BEACH PARTNERSHIP, TO PROVIDE FOR REPAYMENT OF A NON-INTEREST BEARING LOAN. WHEREAS, the Middle Beach Partnership has assumed a leadership role in the revitalization of the 41 st Street District and the hotels along Collins A venue and Indian Creek ( the District); and WHEREAS, the Middle Beach Partnership, a not-for-profit corporation, was formed to manage the affairs of the District; and WHEREAS, the approval of the District's Fiscal Year 1998-99 budget is necessary for the continued administration of the District; and WHEREAS, the Administration has agreed to loan the District funds to pursue the creation of a self-sufficient District; and WHEREAS, the Middle Beach Partnership agrees to repay the City all the funds advanced to the District for these purposes, said repayment terms and conditions to be memorialized in a loan agreement between the City and the Partnership; and WHEREAS, the District's proposed budget for Fiscal Year 1998/99 is $111,066, with an amount of $74,566 due from the City, and $36,500, to be provided in in-kind services, by the Middle Beach Partnership. NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Fiscal Year 1998-99 Budget for the Middle Beach Partnership, for the purpose of revitalizing 41 st Street, in the amount of $74,566, plus $36,500 in in-kind services, to be provided by the Middle Beach Partnership, for a total operating budget of $111,066 is hereby approved; and the City Manager is further authorized to negotiate and execute a loan agreement with the Middle Beach Partnership, to provide for repayment of a non-interest bearing loan. PASSED and ADOPTED this 20th day of January 1999. ATTEST: ~cf fUil~ CITY CLERK 1f~ MAYOR SR:CMC:lwb APPROVED ftS TO FORM & LANGUAGE & FOR EXECUTION d!b I!tf~ lty N?orooy )/1 I /9? 7 Den. 41st Street MIDDLE BEACH DISTRICT 98-99 OPERATING BUDGET PROPOSAL ACCOUNT DESCRIPTION AMOUNT IN-KIND SalariesfFringe 000-111 FT Salary (Director) 28,665 000-160 401 A Pension Plan 2,866 000-162 Insurances 1,000 000-165 Social Security-Medicare 800 TOTAL 33,331 Operating 000-312 Professional Services 5,000 10,000 000-314 Electric 1,500 000-316 Telephone 900 1,500 000-321 Postage 500 000-321 Building & Equip Rent 20,000 000-323 Printing 2,500 000-324 Contracted Maintenance 2,500 000-327 Advertising 8,400 000-341 Office Supplies 1,000 000-343 Other Operating Expense 750 1,000 000-361 Memberships 1,500 000-362 Promotion 17,185 000-363 Travel & Education 3,000 000-364 Local Mileage 500 TOTAL 41,235 36,500 TOTAL OPERATING BUDGET REQUESTED $ 74,566 67% $ 36,500 33% $111,066 1998-1999 41st Street Middle Beach Budget Narrative Salary and Benefits Total $28,665 $ 2,866 $ 1,000 $ 800 $33,331 *Middle Beach Director 401(A) PensionPlan Insurance Social Security-Medicare ... 50% funded by General Funds Operating Expenses Professional Services . Professional Services for District -Sidewalk pressure and steam cleaning - Professional tree trimming $ 5,000 Professional Services- Subtotal $ 5,000 Printine · Printed materials will be used to promote the district both locally, nationally and internationally. Printing Subtotal $ 1,000 $ 1,500 $ 2,500 -Merchant Directory & Map -Middle Beach Newsletter Advertisine- Advertising for the 41st Street commercial area will be developed as "shared advertising campaigns" or "co-ops" enabling the District to leverage advertising dollars to effectively market the area to two target markets; the tourist/visitor to Miami Beach, and the local/resident consumer. The following described advertising campaigns will further enhance a positive image for 41st Street-Middle Beach as a shopping destination for the traveler and resident alike. Chamber of Commerce Visitors Guide $7,200 Back cover placement (4 color) printed 2x annually ($4,500 District Budget - $4,500 Businesses). The Chamber's Visitor's guide is published twice a year with 130,000 copies per printing (260,000 plus 30,000 to City to be distributed through the office of Michael Aller). The Guide is distributed to hotels in the tri-county area which have the Van- Dee info racks. The Guides are distributed at Information Visitor Centers on Lincoln Road, Miami International Airport and at the Chamber of Commerce. Placement of this ad also covers an editorial section on 41st Street and the District as well as the placement of a coupon (optional) which could be used to track the success of the campaign. Chamber of Commerce Directory & Program $ 1,200 Tab placement lx/year-full color. The Chamber's Directory is distributed to all members of the Chamber and to any requests for information from businesses as part of their business inquiry package. There are 5,000 of the directories printed annually. Advertising Subtotal: $ 8,400 Promotions . Holiday Decorations $ 17,185 Promotions Subtotal: $17,185 Operating expenses: Telephone: -long distance and cellular calls Posta,e: -postage for mailing of newsletters to entire 33140 zip code 3/x per year. $ 900 $ 500 Office supplies: $ 1,000 $ 750 $ 1,500 Other Operatin, Expenses: Membershins: -Miami Beach Chamber of Commerce -Florida Redevelopment Association -Fl Main Street -Miami Beach TMA -International Downtown Association -Miami Design Preservation League Travel And Education -Attendance at professional annual conference (IDA or FRA) -Educational seminars/mini conferences $ 3,000 Local Mileaf!e - Local Transportation $ 500 Total Operating Expenses Total Operating Budget $ 8,150 $ 74,566 In-kind to the Middle Beach Partnership Professional Services: $ 10,000 -Architectural services of 2 board members Ira Giller Martin Hyman -Computer services hardware and software Colonial Bank staff Electric: -In-kind, Colonial Bank Telephone: -Telephone equipment, 2 lines and local calls in-kind, Colonial Bank Buildine' (rent) and Equipment Rental: -Office space for Middle Beach Director meeting facilities, office furniture, office equipment provided by Colonial Bank $ 1,500 $ 1,500 $20,000 Contracted Maintenance: -Maintenance of office equipment $ 2,500 Other Operatinir Expenses: -Meeting refreshments and office supplies $ 1,000 TOTAL IN-KIND $36,500 -0 .$0) Q)O) 0)- -000 :::l0) III < +J ..-l ,.0 ..-l ~ ~ Q) - ca _0 co I .... 0 0_ I- .!.. ca Q) >- -<X> COO) :::l_ 01'- <(0) -I'- COO) :::l_ ~~ -co COO) 2_ ~~ -LO COO) 2_ ~~ or- ~ -~ COO) :::l_ ~~ ca - o I- ~OON~ OOO)CO~ ~LONO ~ - - OOOOI'-~ I'- fRo M N fRo fRo ~ fRo ~OON~ ooO)co~ ~_LO~N..O OOOOI'-~ I'- fRo M N fRo fRo ~ fRo NNI'-~ NCO~M ~_O)_co_o co M N M ~fRoNI'- fRo fRo fRo o)CONI'- LO M N ~ I'-COOON - - - ~~MO MfRo~LO fRo fRo fRo ('I) ('I) 0) 0) I'- I'- fRo fRo ~O)~~ OOOLO~ LOLOO~ CX:)cONI'- I'-~o)OO fRo fRo fRo ~ fRo LOCO LO CO COCOMCO co_ co_ N.. LO OO~~~ NfRo~I'- fRo fRo fRo COMCOLO MN~I'- <X> 0) <X> LO - - ~ o)~ON ~~LO~ fRo fRo fRo ~ fRo ~COCOLO I'-I'-MOO LO_CO_CO_O COCOLO~ NfRoNCO fRo fRo fRo LOLOOO co~ooO) N.. q ~_ ~_ ~LOLO~ NfRoNLO fRo fRo fRo N co or- ~ - - CO? 4It- co co LO ~ I'- fRo CD - CD cD CO? N 4It- LO co o ~ co fRo o 0) ~ ~ LO fRo ~ M o M I'- fRo I'- ~ N o LO fRo ('I) 0) I'- fRo o o I.t) ~ N co .- 4It- o o LO co M fRo o o o cD ""It - 4It- o o LO co M fRo o o LO <0 M fRo o o LO co M fRo o o LO <0 M fRo N co CD ~ co N - 4It- <0 co o co M fRo CD - CD o en 4It- LO <X> LO ~ N fRo o 0) 0) ~ ~ fRo 'I""" M LO co M fRo I'- ~ I'- M ~ fRo ('I) 0) I'- fRo CJ #. c .. .- C o~ "C CD LOO C E ~ 0 = o @o u. >- o ~ .. C'G LO(/J CD "C C. @~@ CD C CD ... i: c::: Q)e> .. ~c:c: en I "C Q).- C CD ~caca .. 0 - 0 COQ)Q3 - 0 en C) a. ""It c. .50 J! 0 ~ ... LL. 0 a.. I- 00 N O'l ~ -- 0 w ..- ex: -- f- N '" ..- :;: c COLONIAL BANK Barton S. Goldberg Chainnan South Florida Region December 14, 1998 Ms. Lynn W. Bernstein, Director Middle Beach Partnership 301 41st street suite 301 Miami Beach, FL 33140 Dear Lynn: Colonial Bank has contributed the following in-kind services to the 41st street, Middle Beach Partnership, during the fiscal year October 1, 1997 though September 30, 1998: Building (rent) and Equipment Rental $ 20,000 Office space for Middle Beach Director, meeting facilities, office furniture, office equipment; Colonial Bank, suite 301, 301 41st street Electric In-kind, Colonial Bank 1,500 Telephone 1,500 Telephone equipment, 2 lines, and local calls, in-kind, Colonial Bank Contracted Maintenance Maintenance of office equipment 1,500 Other Operating Expenses Meeting costs 1,000 :i~Y#~,Kind , '(L-. Barton S. Goldberg BSG:blc An Affiliate of Colonial BancGroup, Inc. 30l-41st Street (Arthur Godfrey Road), Miami Beach, Florida 33140 Telephone 305/535-9300 http://www.colonialbank.com AN EQUAL OPPORTUNITY EMPLOYER $ 26,500 MAR TIN J. H Y MAN REGISTERED ARCHITECT DESIGNER' PLANNER A.I.A. · NCARB TELEPHONE (305)865-6110 TELEFAX (305)865-5305 HECEIVED " 98 DEe I ~ Pi-! 2: ",c:V'-, 0 7 ~L- ' ~ ,--:.' L' r:~.~~';;'r :4 ..;,' ..:; < ;~ _, ." f"REScl'\ IV.! 7:1'; ',.:.~.' ,;",' t uj"(' .~ , ..,' f ~ I ..... 't'v , '"C i /, ,-.. '/ ~.EP ...:...: \ . . 1..: T 5601 COLUNS AVENUE · SUITE CU-7B MIAMI BEACH, U.S.A. 33140 1 OCTOBER 1998 Ms. LYNN W. BERNSTEIN. DIRECTOR MIDDLE BEACH PARTNERSHIP 301 41ST STREET-SUITE #301 MIAMI BEACH. USA 33140 DEAR LYNN: IN AN EFFORT TO DEVELOP THE SCOPE OF WORK AND BID DOCUMENTS FOR THE 41ST STREET BEAUTIFICATION PROJECT. DURING THE FISCAL YEAR 1 OCTOBER 1997 THROUGH 30 SEPTEMBER 1998. I HAVE CONTRIBUTED FIFTY (50) HOURS OF IN-KIND PROFESSIONAL SERV- ICES TO THE 41ST STREET. MIDDLE BEACH PARTNERSHIP. As A LICENSED ARCHITECT MY HOURLY FEE IS $100.00. THEREFORE. THE VALUE OF MY CONTRIBUTION FOR THE YEAR WAS $5.000.00. MJH/KK . HYMAN The Giller Building 976 Arthur Godfrey Road Miami Beach FL 33140 (305)538-6324 FAX (305)538-5921 Reg. #AA COO1364 . Giller & Giller, Inc. October 1, 1998 Ms. Lynn Bernstein Director Middle Beach Partnership 301 41st St. Suite #301 Miami Beach, FL 33140 Dear Lynn: In an effort to develop the Scope of Work and Bid Documents for the 41 st Street Beautification Project during the fiscal year 10/1/97 through 9/30/98, I have contributed 40 hours of in-kind Professional Services to the 41 st St. Middle Beach Partnership. As a Florida licensed Architect, my hourly rate is $125.00. Therefore, the value of my contribution for the year was $5,000.00. Ira D. iller, AI.A President ARCHITECTS INTERIOR DESIGNERS CONSTRUCTION MANAGERS ITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139 tp:\\cLmiam i-beach. fl. us ~ITY OF MIAMI BEACH COMMISSION MEMORANDUM NO. 53 -93- TO: Mayor Neisen O. Kasdin and Members of the City C mission DATE: January 20, 1999 FROM: Sergio Rodriguez City Manager SUBJECT: A RESOL ION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING THE FISCAL YEAR 1998-99 BUDGET OF THE MIDDLE BEACH PARTNERSHIP FOR THE REVITALIZATION OF 41ST STREET, IN THE AMOUNT OF $74,566, PLUS $36,500 IN IN-KIND SERVICES, TO BE PROVIDED BY THE MIDDLE BEACH PARTNERSHIP, FOR A TOTAL OPERATING BUDGET OF $111,066; AND FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE A LOAN AGREEMENT, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, WITH THE MIDDLE BEACH PARTNERSHIP, TO PROVIDE FOR REPAYMENT OF A NON-INTEREST BEARING LOAN. ADMINISTRATION RECOMMENDATION Adopt the Resolution. BACKGROUND The Middle Beach Steering Committee was created on July 13, 1994, by the City Commission to assume a leadership role in the revitalization of the 41st Street Business District. The Middle Beach Steering Committee formed the Middle Beach Partnership and the Commission agreed to support the Partnership by advancing monies to facilitate the development of the District. The Business District agreed to assess themselves at a later date, to repay the loans, or loaned funds, following the completion of the 41st Street Beautification Project, to be implemented by the City. The process for developing a Special Assessment District will be undertaken in Fiscal Year 98/99 and will be in place for Fiscal Year 99/00. The steps for developing the district are as follows: 1. Define boundaries 2. Develop property list 3. Research property information 4. Create budget for maintenance of physical improvements 5. Develop budget for administrative costs 6. Determine prior years' administrative costs repayment 7. Develop assessment formula DATE c-16 1-2D -7<1 ;1/ 6udget AGENDA ITEM 8. Gain support of 41st Street property owners 9. Hold election 10. Approval/confirmation of District by City Commission In order to initially start up and operate the District, members of the Middle Beach Partnership met then City Manager Jose Garcia-Pedrosa; an agreement was reached that the City would loan funds for some of the administrative costs for the District and the balance would be funded through in-kind services from the Partnership. The funds will be repaid from the Special Assessment District scheduled to be in operation for FY 99/00. The amount of the funds to be repaid will be based on actual operating expenses less the actual amount of in-kind services provided. From 1994 through 1998, the City has provided a total amount of $236,616 to the District. The estimated in-kind services from 1994 through 1998 is $146,000. Therefore, after deducting in-kind services, the amount to be repaid by the District during FY 94-98 is $90,616, as reflected in the attached Exhibit A. The Middle Beach Partnership is eager to move forward on the 41st Street Beautification project. On May 1, 1996, the City Commission adopted a resolution appropriating $5 million for the 41 st Street Beautification Project. The Finance and Citywide Projects Committee reviewed the plan at its meeting of March 12 ,1998, and recommended that Phase I and II of the Project be implemented and that the appropriation be reduced to $1,727,250. The construction is scheduled to begin April 12, 1999. On June 17, 1998, the Mayor and Commission adopted Resolution No.98-22789, authorizing the Administration to pursue a loan agreement with Colonial Bank in an amount not to exceed $1,400,000, for a period of five (5) years, at an interest rate not to exceed percent 4.6% per annum, to fund the administrative costs for maintenance for the improvements. The loan will be repaid by the Middle Beach's 50% share of the 1% Resort Tax (Quality of Life Funds). The loan is submitted for approval as a separate item on this January 20, 1999 agenda. The bank has requested that the City provide an additional source of revenue for the repayment of the loan. The City is pledging Resort Tax revenues as the primary source of repayment. In addition, we have incorporated a covenant to budget and appropriate sufficient moneys to pay the debt service on the note in the event that the pledged portion of the Resort Tax is insufficient. . ANAL YSIS The attached budget reflects a lean, hands-on management budget for the Middle Beach Partnership for the 1998-99 fiscal year. Members of the Middle Beach Partnership will provide in-kind office space, meeting rooms, office equipment and professional services totaling $36,500 as their commitment to the success of the District. The Partnership and City Administration support the FY 1998-99 request for funds for administrative and operating expenses of the Partnership, in the amount of$III,066, consisting of $74,566 from the City, and $36,500 in in-kind services to be provided by the Partnership (a breakdown of the line item budget is attached). These funds will ensure the continued momentum and development of the Middle Beach Partnership; $38,066 will be treated as a loan to the District, to be repaid in full to the City once the district and assessments have been put in place. Therefore; the total amount to be repaid from fiscal year 1994 through Fiscal Year 1998 is $90,616. The amount to be repaid for FY 99 is estimated to be $38,066. CONCLUSION The Administration recommends that the City Commission adopt the FY 1998-99 Middle Beach , . ;~.\., V I \ . Partnership budget in the amount $111,066, consisting of $74,566 from the City, plus $36,500 In- kind Services from the Partnership. The Middle Beach Partnership has demonstrated an ability to assist in the development and progress of the 41st Street area. The Administration recommends that the City Commission continue funding the Middle Beach Partnership and that the loan for administration and operating expenses be repaid as agreed. ,uP SR:CMC:lwb