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LTC 268-2004 County General Obligation Bond Allocations CITY OF MIAMI BEACH Office of the City Manager Letter to Commission No. 268-2004 m From: Mayor David Dermer and Date: October 13, 2004 Members of the City Commission /' J~rge M, Gonzalez \yO City Manager i' { ! COUNTY GENEWAL OBLIGATION BOND ALLOCATIONS To: Subject: Attached please find a copy of an LTC on the subject of the County G,Q. Bond allocations that was previously sent to the Mayor and City Commission, A new table has been added which indicates for each of the County ballot questions the total dollars to be voted upon and the Miami Beach projects in each individual question. As the table illustrates, most of the City projects are in questions 2, 6 and 8. Please call if you have any questions or desire additional information. \sam $A L\BOB\countygobondallocrevltc,doc Attachments c: Robert C. Middaugh, Assistant City Manager Christina M. Cuervo, Assistant City Manager 3:JI;UO S.).lt.!31J .-\118 2S :8 WV fJ IDO '10 03^1303~ BALLOT QUESTIONS WITH TOTAL COUNTY ALLOCATIONS AND DELINEATED MIAMI BEACH PROJECTS Question #1 - To Construct and Improve Water, Sewer and Flood Control Systems No Miami Beach Projects Allocated Question #2 - To Construct and Improve Park and Recreation Facilities - Lummus Park - South Pointe Park - Beach Maintenance Facility - Beachfront Restrooms - Flamingo Park - Normandy Shores Gulf Course , Band Shell Park - Scott Rakow Youth Center $7,000,000 $5,000,000 $500,000 $250,000 $3,099,000 $1,000,000 $1,500,000 $1.000,000 TOTAL $19,349,000 - Beach Erosion Mitigation and Renourishment Project $17,500,000 TOTAL $36,849,000 Question #3 - To Construct and Improve Bridges, Public Infrastructure and Neighborhood Improvements - 41 Sl Street Phase II Bridge Repair/Restoration $750.000 TOTAL $750,000 Question #4 - To Construct and Improve Public Safety Facilities - Fire Station #2 EOC and Historic Restoration - Fire Station #4 $2,000,000 $1.000.000 TOTAL $3,000,000 Question #5 - To Construct and Improve Emergency and Healthcare Facilities Question #6- To Construct and Improve Public Services Outreach and Facilities - South Shore Community Center - Miami Beach Convention Center $ 500,000 $55.000.000 TOTAL $55,500,000 $378,183,000 $680,258,000 $352,182,000 $341,087,000 $171,281,000 $255,070,000 Question #7 - To Construct and Improve Housing for the Elderly and Families $194,997,000 No Miami Beach Projects Alll\Cated Question #8 - To Construct and Improve Cultural, Library and Multicultural Educational Facilities $552,692,000 - Flagler Memorial Monument - Monument Island - North Shore Branch Library - Historic City Hall - Improvements to the W olfsonian $ 250,000 $ 750,000 $ 355,000 $2,000,000 $10.000,000 TOTAL $13,355,000 F:\cmgr\$ALL\BOBlballotquesallocamounts,doc CITY OF MIAMI BEACH Office of the City Manager Letter to Commission No. 194-2004 lQ To: Mayor David Dermer and Members of the City Commission From: Jorge M, Gonzalez '- ,v ':/, City Manager \.,) Date: July 27. 2004 , , , Subject: MIAMi-DADE COUNTY GENERAL OBLIGATION BOND At a special meeting on Tuesday, July 20, the Board of County Commissioners approved eight (8) ballot questions (attached) that will go before voters at the November 2 general election to determine the fate of the County's proposed $2.75 billion General Obligation Bond (GOB) issue, Five of the resolutions passed 9-1; the three other resolutions passed 10-0, As approved, due to additional requests by the commissioners at the meeting, the proposed total amount of the bond issue is $2,925 billion, The County Manager stated that the additional capacity was available because the Florida Supreme Court recently struck down a proposal to double the property tax homestead exemption, The ballot questions propose funding for improvements in the following project areas: water, sewer and flood control; park and recreational facilities; bridges, public infrastructure and neighborhoods; public safety facilities; emergency and healthcare facilities; public services outreach and facilities; housing for the elderly and working families; and cultural, library and multi-cultural educational facilities. If approved, construction of the various projects would take place over the next 10 to 15 years without raising existing millage rates, In addition to $55 million for the Miami Beach Convention Center, the proposed bond includes $26,954,000 for projects in Miami Beach (attached). The Wolfsonian/FIU is also proposed to receive $10 million, The bond includes $17,5 million for beach renourishment, of which $12,5 million is for projects in County Commission Districts 4 (Barreiro), 5 (Heyman), and 7 (Morales), as well as funding for affordable housing and health care, If you have any questions, please do not hesitate to contact me, JMG\CMC/kc F :\DDHP\$ALL \KEVIN\Commissian Ilems\L TCs\mdc gab,doc c-, - , , . . " ,o, , ., ,- --, (.' .. - .. : .- , , " -- .. J , ' i c: Christina M. Cuervo, Assistant City Manager Robert Middaugh, Assistant City Manager Attachment BALLOT QUESTIONS AND TOTAL AMOUNTS Question #1 - To Construct and Improve Water, Sewer and Flood Control Systems ($378,183,000) Question #2 - To Construct and Improve Park and Recreational Facilities ($680,258,000) Question #3 - To Construct and Improve Bridges, Public Infrastructure and Neighborhood Improvements ($352,182,000) Question #4 - To Construct and Improve Public Safety Facilities ($341,087,000) Question #5 - To Construct and Improve Emergency and Healthcare Facilities ($171,281,000) Question #6 - To Construct and Improve Public Services Outreach and Facilities ($255,070,000) Question #7 - To Construct and Improve Housing for the Elderly and Families ($194,997,000) Question #8 - To Construct and Improve Cultural, Library and Multicultural Educational Facilities ($552,692,000) P-:lIno 1 nf..., PROJECTS WITHIN THE CITY OF MIAMI BEACH Project Lummus Park South Pointe Park Beach Maintenance Facility Beachfront Restrooms Flamingo Park Normandy Shores Golf Course Band Shell Park Scott Rakow Youth Center 4151 Street Phase II Bridge Repair/Restoration Fire Station #2 EOC and Historic Restoration Fire Station #4 South Shore Community Center Flagler Memorial Monument Monument Island North Shore Branch Library Historic City Hall GOB Funding $7,000,000 $5,000,000 $500,000 $250,000 $3,099,000 $1,000,000 $1,500,000 $1,000,000 $750,000 $2,000,000 $1,000,000 $500,000 $250,000 $750,000 $355,000 $2,000,000 $26,954,000 TOTAL Miami Beach Convention Center Improvements to the Wolfsonian $55,000,000 $10,000,000 TOTAL WITH CONVENTION CENTER AND WOLFSONIAN $91,954,000 Beach Erosion Mitigation and Renourishment Project $17,500,000 Question 2 2 2 2 2 2 2 2 3 4 4 6 8 8 8 8 6 8 2