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2004-25704 Reso RESOLUTION NO. 2004-25704 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING THE TRANSFER OF $1 MILLION FROM THE FISCAL YEAR (FY) 2004-05 PARKING FUND BUDGET TO THE FISCAL YEAR 2004- 05 LOCAL SHUTTLE (PREVIOUSLY KNOWN AS THE ELECTROWAVE SHUTTLE) OPERATING BUDGET; SUBJECT TO THE DETERMINATION BY THE CITY ADMINISTRATION THAT THE PARKING FUND HAS MET ALL DEBT COVENANTS FOR FISCAL YEAR 2003-04. WHEREAS, for the last four fiscal years, the Parking Fund has been the major source of recurring local funds for the Local Shuttle (previously known as the Electrowave Shuttle) Operating Budget; and WHEREAS, the proposed Parking Fund contribution of $1 million would fund 48.57% of the Fiscal Year (FY) 2004-05 Local Shuttle Operating Budget, while other combined sources would fund the remaining 51.43%; and WHEREAS, these Parking funds would also provide the required local match to the outside funds made available for Shuttle operations; and WHEREAS, the Parking Fund is the appropriate source of local funds for the Shuttle, due to the fact that organized park-and-ride shuttle programs are the most effective and reliable congestion mitigation tool available to South Beach. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City Commission hereby authorize the transfer of $1 million from the Fiscal Year (FY) 2004-05 Parking Fund Budget to the Fiscal Year 2004-05 Local Shuttle (previously known as the Electrowave Shuttle) Operating Budget; subject to the determination by the City Administration that the Parking Fund has met all debt covenants for Fiscal Year 2003-04. PASSED AND ADOPTED this 28th ,2004. ATTEST: ~!R!~ APPROVED AS TO FORM & LANGUAGE & FOR EXeCUTION T:\AGENDA\2004ISep2804IRegularIPERE for 2004-05 Shuttle Bdgt-Reso,doc A II 1Mlnl j I '" 6j-~-o'j /~ Date CITY OF MIAMI BEACH COMMISSION ITEM SUMMARY ~ Condensed Title: A Resolution authorizing the transfer of $1 million from the FY 2004-05 Parking Fund Budget to the FY 2004-05 Local Shuttle (previously known as the Electrowave Shuttle) Operating Budget; subject to determination by the Administration that the Parking Fund has met all debt covenants for FY 2003-04, Issue: Shall the City Commission transfer FY 2004-05 Parking funds for shuttle operations? Item Summa {Recommendation: As in previous years, Parking funds are being proposed to help fund the FY 2004-05 Local Shuttle Operating Budget, at $1 million, or 48.57% of the total budget. Parking Fund contributions to four previous budgets were respectively $1,05 million in 2000-01, $1,284 million in 2001-02, $1,24 million in 2002-03, and $1,1 million in 2003-04. The Parking Fund transfer is part of the total budget of $2,058,935, for FY 2004-05 and is $160,365 (or 11,86%) less than last year's, and it also includes Transit Surtax, FDOT/JPA, and Concurrency Mitigation/South Beach funds, plus projected revenues from fare collections. Negotiations between the City and the County have yet to produce a Miami-Dade Transit (MDT) proposal to assume full responsibility over the local shuttle service, Therefore, it is essential that a budget be approved for FY 2004-05 shuttle operations in order to maintain the circulator services which are fully utilized and appreciated by South Beach residents, employees, shoppers, tourists and visitors, Due to the mutually beneficial connection between the shuttle service and park-and-ride programs, the Administration supports the Parking Fund as the most appropriate source of local funds for shuttle operations, and recommends that $1 million from the FY 2004-05 Parking Fund Budget be transferred to the FY 2004-05 Local Shuttle 0 eratin Bud et. Advisory Board Recommendation: IN/A Financial Information: Source of Funds: IF;~J Ci Clerk's Office Le islative Trackin Robert Halfhill T:\AGENDAI2004ISep2804IRegularIPERE for 2004-05 Shuttle Budget-Summary,doc AGENDA ITEM DATE ~nT ~-2g-0L CITY OF MIAMI BEACH CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139 WWoN,miamibeachfl.gov COMMISSION MEMORANDUM From: Mayor David Dermer and Members of the City Commission Jorge M, GOnZalezo/c'HA- City Manager Date: September 28, 2004 To: Subject: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING THE TRANSFER OF $1 MILLION FROM THE FISCAL YEAR (FY) 2004-05 PARKING FUND BUDGET TO THE FY 2004-05 LOCAL SHUTTLE (PREVIOUSLY KNOWN AS THE ELECTROWAVE SHUTTLE) OPERATING BUDGET; SUBJECT TO THE DETERMINATION BY THE CITY ADMINISTRATION THAT THE PARKING FUND HAS MET ALL DEBT COVENANTS FOR FISCAL YEAR 2003-04. ADMINISTRATION RECOMMENDATION Adopt the Resolution. ANALYSIS For the last four fiscal years, the City Commission has authorized the appropriation of Parking funds as the City contribution and matching funds to the outside funds allocated to the annual shuttle operating budget. Such Parking Fund contributions have been as follows: FY 2000-01 at $1.05 million FY 2001-02 at $1.284 million FY 2002-03 at $1.24 million FY 2003-04 at $1.1 million FY 2004-05 is proposed at $1 million The following local and outside sources have been identified to help fund the proposed FY 2004-05 Shuttle Budget: FY 2004-05 Parking Fund Budget County Transit Surtax (PTP) Funds FOOT JPA funds Concurrency Mitigation funds/South Beach Projected fare collection revenues Proposed FY 2004-05 Operating Budget: $1,000,000 48,57% of total budget 500,000 Recurring source 40,000 JPA fund balance 438,935 Recurring source 80,000 Recurring source $2,058,935 The only recurring source of outside funds for shuttle operations is the municipal share of the County transit surtax (PTP) program. Twenty percent (20%) of the Miami Beach share ofthese funds, or approximately $500,000 a year, is required to be used for transit projects - such as the local shuttle service. Following City Commission direction, the Administration has met with the County administrative staff (Miami-Dade Transit/MDT), respectively in 2002, 2003, and 2004, with the following requests regarding the local shuttle service: 1. That MDT assume full responsibility over the local shuttle project; 2. Consider merging MDT's Route W with our Wasllington Route service. Such a merger would further enhance mobility options by providing a comprehensive transit service to the entire South Beach community; and 3. That MDT submit a proposal to the City for consideration and action. In July 2004, the County MDT hired the Centerfor Urban Transportation Research (CUTR) to examine the issues involved and to make recommendations to MDT by early September 2004. If final negotiations between MDT and the City are successful, the item will be submitted for consideration by both the City and County Commissions. It is anticipated that this will not be accomplished in time for the new fiscal year. To avoid service interruption to the South Beach community, contracting once again with the Miami Beach Transportation Management Association (MBTMA) for continuation of the existing shuttle operations remains the best option available to the City, at least for the time being. The implementation status of additional Commission directions regarding the shuttle project, and the reasons why the City should continue this successful service to South Beach will be provided in a following agenda item, which addresses the Proposed FY 2004-05 Shuttle Operating Budget. The Administration recommends the transfer of $1 million from the FY 2004-05 Parking Fund Budget to help fund the FY 2004-05 Shuttle Operating Budget, subject to the determination by the Administration that the Parking Fund has met all debt covenants for Fiscal Year 2003-04. J MG/RM/FB/RH/ AJ T:\AGENDA\2004ISep2804IRegularIPERE for 2004-05 Shuttle Bdgt-Memo,doc