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488-2004 RDA Reso RESOLUTION NO. 4~-2004 A RESOLUTION OF THE CHAIRMAN AND MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY ADOPTING AND APPROPRIATING THE MIAMI BEACH REDEVELOPMENT AGENCY CAPITAL BUDGET FOR FISCAL YEAR 2004-2005 AND THE CAPITAL IMPROVEMENT PLAN FOR FISCAL YEARS 2005- 2009. WHEREAS, the 2005-2009 Capital Improvement Plan (CIP) for the City of Miami Beach and Miami Beach Redevelopment Agency (RDA) is a five year plan for public improvements and capital expenditures by the City and the RDA; and WHEREAS, this document is an official statement of public policy regarding long-range physical development in the City of Miami Beach and the RDA districts; and WHEREAS, on July 21, 1999 the City Commission approved the Fiscal Year (FY) 1999- 2004 CIP for the City of Miami Beach and the Miami Beach Redevelopment Agency; and WHEREAS, since that time, the City has issued $92 million of General Obligation Bonds (pursuant to referendum); issued $54 million of Water and Sewer Bonds; and $52 million of Stormwater Revenue Bonds; and WHEREAS, on August 18, 2004, the Finance and Citywide Projects Committee approved the issuance of an additional $35 million of Water and Sewer Bonds; and WHEREAS, the approved CIP has been updated to include projects that will be active during the FY 2005 through 2009; and WHEREAS, the RDA Capital Budget itemizes project funds to be committed during the upcoming fiscal year, detailing expenses for project components which include: architect and engineer (NE), construction, equipment, Art in Public Places, and other related capital project costs; and WHEREAS, the RDA Capital Budget for FY 2004-2005 totals $9,289,903, and includes fifteen projects and capital equipment acquisitions, recommended for appropriation in conjunction with the FY 2004-2005 RDA Operating Budget; and WHEREAS, on September 15, 2004, the FY 2004-2005 Proposed RDA Capital Budget and updated CIP were discussed at a joint meeting of the Finance and Citywide Projects Committee and the General Obligation Bond Oversight Committee; and WHEREAS, a copy of the proposed RDA Capital Budget for FY 2004-2005 is included below. NOW, THEREFORE, BE IT RESOLVED BY THE CHAIRMAN AND MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY, that the Board hereby adopt and appropriate, the Miami Beach Redevelopment Agency Capital Budget for Fiscal Year 2004- 2005 and adopt the Capital Improvement Plan for Fiscal Year 2005-2009. Total $ Funding 5,053,240 4,236,663 9,289,903 Proposed Source of Funding South Pointe RDA Tax Increment Funds City Center RDA Tax Increment Funds This resolution shall take effect immediately upon its ado 'on. day of September , ADOPTED this 28th (SEAL) ~ APPROVED AS TO FORM&LANGUAG& & FOR EXECUnON ~ ~-~~<t GnW~~ Exhibit A Revellue 3,574,031.00 431,840.00 185,950.00 29,935.00 14,907.00 Sum ... 1,801,121.00 1,180,288.00 1,000,000.00 267,725.00 247,046.00 239,440.00 165,000.00 59,352.00 50,087.00 43,181.00 Sum ... FY 2004-2005 Capital Budget Funding Summary Project Name Convention Center East Streets cape Citywide Wayfinding Signage Master Plan & Project Convention Center & Topa Restroom, Interior and ADA Renovations & Porte Cochere Cultural Campus Slreetscape Flamingo North, East, and West Neighborhoods Streetscape (Bid Package C) South Pointe Streetscape - Phase III & Phase IV South Pointe Streetscape - Phase II Beachwalk II South Pointe Streetscape - Phase V South POinte Streetscape - Phase I Citywide Wayflnding Signage Master Plan & Project Surface Lot Renovations Phase IV Flamingo South Neighborhood Streetscape (Flamingo Bid Package A) Water & Sewer Pump Station Upgrades Program South Pointe Park FUl/dil/g Source City Center 'I'lF SP Rl)A TIF . m _Ol'_..ac.. CITY OF MIAMI BEACH NOTICE OF A SPECIAL CITY COMMISSION MEETING - - NOTICE" IS HEREBY given that a Special City Commission meeting will be held by the City Commission of the City of Miami Beach, on Tuesday, September 28, 2004 at 5:01 p.m., in the Commission Chambers, 3rd floor, City Hall, 1700 Convention Center Drive, Miami Beach, Florida, to discuss the City of Miami Beach Budget. In addition, the City Commission may discuss other City business at this meeting.' Inquiries concerning this meeting should be directed to the Office of Management and Budget at (305) 673-7510. Ad 10280 Robert E. Parcher, City Clerk . City of Miami Beach I~~' i~ !~ j~ iffi 1m , i ai I ,Ii: I III I~ !l: =>, :1:. ..... Q ...J. Iffi ., :I: UJ :I: ..... E o u "ti ~ '" .c ~,. ~ ,m '4 I CITY OF MIAMI BEACH CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139 www.cLmiamibeachfl.gov To: From: Subject: REDEVELOPMENT AGENCY MEMORANDUM Chairman and Members of the Board Date: September28, 2004 Miami Beach Redevelopment Agency Jorge M. Gonzalez ~ Executive Director J' iI FOLLOW-UP INFORMATION ON JOINT CITY COMMISSION ITEM R7D AND REDEVELOPMENT AGENCY AGENDA ITEM 3E, ADOPTION OF THE CITY OF MIAMI BEACH AND MIAMI BEACH REDEVELOPMENT AGENCY CAPITAL BUDGET FOR FISCAL YEAR 2004/05 AND THE CAPITAL IMPROVEMENT PLAN FOR FISCAL YEARS 2005-2009. The purpose of this memorandum is to provide you with an amendment and update relative to the joint City Commission agenda item R7D and Redevelopment Agency (RDA) agenda item 3E, Adoption of the City of Miami Beach and Miami Beach Redevelopment Agency Capital Budget for Fiscal Year 2004/05 and the Capital Improvement Plan for Fiscal Years 2005-2009. Said amendment does not change the proposed budget in item R7D or RDA item 3E, but clarifies and remedies an input error in Exhibit A of both items R7D and RDA item 3E. An input error erroneously listed funding of $185,950 in FY 2004/05 from RDA City Center Tax Increment Funds for the Convention Center & Theatre of Performing Arts Restroom, Interior, ADA Renovations, and Porte Cochere project; however, this funding should have been assigned to the Convention Center East Streetscape project. Attached is a corrected Exhibit A for both item R7D and RDA item 3E, correctly listing the $185,950 in RDA City Center Tax Increment Funds added to the Convention Center East Streetscape project and removed from the Convention Center & Theatre of Performing Arts Restroom, Interior, ADA Renovations and Porte Cochere project. JMG/PDW/mim~ T:\AGENDA\2004\September 28,2004 Agenda Item Date 3E q-'J.g -0 If REVISED EXHIBIT A JOINT CITY COMMISSION ITEM R7D & REDEVELOPMENT AGENCY ITEM 3E I ~ I a I a a I a a a a a a a a a a I ::: a a a ~ a a a a a a a a ~ ~ ci .,; ,..: ~ 0; ci .,; u3 ci ci N ,..: co 05. M a '" <Xl a '" ..,. ..,. a '" <Xl ~ '" '" ~ '" a ... a ..,. a M a ~ M oj ..f (; 0 0 r-.: r-.: oj Lri' oj 0 M ~ '" ~ <Xl a CD ..,. M CD '" '" ..,. ..,. ~ ~ a. '" '" '" ~ 8 8 = = 00 00 [) (I) Cl '" "" ;;C 0 '" a. (I) '0 Cl '" ~ -0 (I) '" a. a. rl '0 .l!l iii (I) 0 1:) ~ 1:) Cl en c: (I) (I) 'E E "e- Ul ;::: "e- '" a. 8 (I) a. ~ ~ o/l Ul o/l ~ -E '" (I) c: .c: c: a. a. '" 0 a. '" rl 8- a:: .0 a:: Ul .c: o/l .l!l (I) ~ Cl 2 '0 ~ '* 'OJ - = > (I) ~ '" Z (I) (I) (I) (I) Ul ;::: ~ Cl ! '" 1l Ul Ul Ul III '" en a. :; '" '" '" :; (I) :J .c: .c: .c: .c: Ul '0 (I) (I) :s: a. a. a. a. (I) '" 8 c: Ul Cl a. Cl .c: 0 - '" rl '0 '" a. .c: ~ c: (I) (I) ~ (I) c: 15 '" Cl .l!l c: a. a. a. Cl Ul .. en (I) '" rl rl rl rl en c: .0 en W ~ "' 0 .c: a. ~ Cl .l!l .l!l .l!l .l!l Cl "" Cl E .. c: en '" (I) (I) (I) (I) c: g! 'OJ ::l ~ c: '0 Ul w ~ ~ ~ ~ '0 0 Z a. ~ Ii: .. c: ::l ~ en en en en c: c: .c: '" U os. a. 1:: os. (I) 'S ~ a. ~ c: '" E 0 .sl .sl = .sl .sl '" ll:: 0 (I) .51 :s: '" z c: c: "" c: c: :s: (5 en 'E ... c: () 0 '0 '0 ~ '0 '0 ...J 0 en '0 ~ (I) e! Cl a. a. a. a. (I) l'l Cl o/l a. .. '0 c: .c: '0 c: '::-' ~ ~ .a 'E .c: .c: 0 = = ~ ~ 'E 2 .c: ~ 'S 'S '" ::l ::l 'S 0 '3 '" 0 0 (I) 0 0 ::l '" '" 0 =.. u i:3 () u:: en en <D en en i:3 en u:: :s: en ~ ~ ~ ::: ~ ~ .. .. ... C.(l = -< .== .. ~ U ~ == c ~ .. ~ U 00 REDEVELOPMENT AGENCY COMMISSION ITEM SUMMARY m Condensed Title: A Resolution adopting and appropriating the Miami Beach Redevelopment Agency (RDA) Capital Budget for Fiscal Year 2004-2005 and the Capital Improvement Plan for Fiscal Years 2005-2009. Issue: Shall the RDA adopt the City of Miami Beach and Miami Beach Redevelopment Agency Capital Budget for Fiscal Year 2004-2005 and the Capital Improvement Plan for Fiscal Years 2005-2009? Item Summary/Recommendation: The Proposed RDA Capital Budget for FY 2004-2005 totals $9,289,903 and includes 15 projects recommended for appropriation in conjunction with the FY 2004-2005 Operating Budget. It itemizes project funds to be committed during the upcoming fiscal year detailing expenses for project components which include: architect and engineer (NE), construction, equipment, art in public places, and other related project costs. Capital reserves, debt service payments, and other capital purchases found in the Operating Budaet are not included in this budaet. Adviso Board Recommendation: On September 15, 2004 the FY 2004-2005 Proposed Capital Budget and updated Capital Improvement Plan were discussed at a joint meeting of the Finance and Citywide Projects Committee and the General Obligation Bond Oversight Committee. A presentation was made outlining the neighborhood enhancements, park renovation and upgrades, construction of new facilities, and upgrades to utility systems that were planned for FY 2004-2005. Copies of the draft Proposed Capital Budget for FY 2004- 2005 and the updated Capital Improvement Plan were distributed to each member in advance. The Capital Improvement Project Office Director, Chief Financial Officer, department directors, and other City staff were available to discuss s ecific ro'ects and res ond to the Committee's uestions. Financial Information: Source of Amount Account Approved Funds: 1 $5,053,240 South Pointe RDA Tax Increment Funds D 2 $4,236,663 City Center RDA Tax Increment Funds 3 4 Finance Dept. Total $9,289,903 Ci Clerk's Office Le islative Trackin Patricia D. Walker n-Ofts: Department Director Assistant City Manager City Manager C"fM. . % . -For P.O.w. T: GENDA\2004\SEP28\REGULARlcapital budget.doc AGENDA ITEM . ~E DATE 9~;.r--()c( CITY OF MIAMI BEACH CI'TY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139 www.ci.miamibeachfl.gov REDEVELOPMENT AGENCY MEMORANDUM From: Chairman and Members of the Board Miami Beach Redevelopment Agency Jorge M. Gonzalez G}1c.. ~ Executive Director Date: September 28, 2004 To: Subject: A RESOLUTION OF THE CHAIRMAN AND MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY, ADOPTING AND APPROPRIATING THE MIAMI BEACH REDEVELOPMENT AGENCY CAPITAL BUDGET FOR FISCAL YEAR 2004-2005 AND THE CAPITAL IMPROVEMENT PLAN FOR FISCAL YEARS 2005-2009. ADMINISTRATION RECOMMENDATION: Adopt the Resolution. BACKGROUND Planning for capital improvements is an ongoing process; as needs change within the City's Redevelopment Districts (RDA), capital programs and priorities must be adjusted. The Capital Improvement Plan (CIP) serves as the primary planning tool for systematically identifying, prioritizing and assigning funds to critical City and RDA capital development, improvements and associated needs, consistent with the Redevelopment Plan. Each year, City departments submit their projected capital needs for the next five year period. All projects submitted for inclusion in the City's CIP are reviewed on the basis of relative need, cost and availability of funding. The Finance Department and the Capital Improvement Office provide assistance in preparing and reviewing the CIP for budgetary planning purposes. The proposed documents are presented to the Finance and Citywide Projects Committee and General Obligation Bond Oversight Committee for review, and to the City Commission/RDA Board for approval and adoption. The CIP was created as a plan for projects that require significant capital investment and is intended to serve as an official statement of public policy regarding long-range physical development in the City of Miami Beach. The CIP specifies and describes the City's and RDA's capital project plan and establishes priorities for the upcoming five year period. Following the adoption of the CIP by the Mayor and City Commission in July of 1999, individual projects within neighborhood areas were combined to create "packages" of projects that address the neighborhood needs for infrastructure upgrades, traffic flow, enhancements, etc. This comprehensive approach minimizes disruptions and generates costs savings. The projects address many needs in different areas of the City including: neighborhood enhancements such as landscaping, sidewalk restoration, traffic calming, parking, drainage improvements and roadway resurfacing/reconstruction; park renovation and upgrades; and construction or renovation of public facilities. The City's first Capital Budget was adopted concurrently with the Fiscal Year (FY) 2001- 2002 operating budget. It included the portion of the five year plan that would be committed during that fiscal year. The Administration is presenting the proposed FY 2004-2005 Capital Budget and the updated CIP for FY 2005-2009, fOllowing a comprehensive review of the CIP to insure that the Plan September 28, 2004 Redevelopment Agency Memorandum Capital Budget Memo Page 2 of 2 accurately reflects all project budgets, funding sources and commitments, for adoption by the City Commission and RDA Board. ANALYSIS Capital Improvement Plan The 2005-2009 CIP for the City of Miami Beach and RDA is a five year plan for public improvements and capital expenditures by the City and RDA. This document is an official statement of public policy regarding long-range physical development in the City of Miami Beach. The approved Capital Improvement Plan has been updated to include projects that will be active during the fiscal years 2005 through 2009. The Plan has been updated to include additional funding sources that have become available, changes in project timing, and other adjustments to ongoing projects as they have become better defined. Certain adjustments have been made to reclassify previously appropriated funds from a cash flow basis to a commitment basis for budgeting purposes; other project appropriations have been adjusted to reflect projects that have been reconfigured, re-titled, combined with or separated from other projects and/or project groupings. Adjustments for appropriations that were made at the funding source level rather than at a project level have also been included. These adjustments have no fiscal or cash impact and are as a result of a comprehensive review of the program to insure that our plan accurately reflects all project budgets, funding sources and commitments. Capital BudQet The Proposed RDA Capital Budget for FY 2004-2005 totals $9,289,903 and includes 15 projects and capital equipment acquisitions recommended for appropriation in conjunction with the FY 2004- 2005 Operating Budget. It itemizes project funds to be committed during the upcoming fiscal year detailing expenses for project components which include: architect and engineer (AlE), construction, equipment, art in public places, and other related project costs. Additionally, the projected costs of program manager services are included. Capital reserves, debt service payments, and other capital purchases found in the Operating Budget are not included in this budget. On September 15, 2004 the FY 2004-2005 Proposed Capital Budget and updated Capital Improvement Plan was discussed at a joint meeting of the Finance and Citywide Projects Committee and the General Obligation Bond Oversight Committee. A presentation was made outlining the neighborhood enhancements, park renovation and upgrades, construction of new facilities, and upgrades to utility systems that were planned for FY 2004-2005. Copies of the draft Proposed Capital Budget for FY 2004-2005 and the updated Capital Improvement Plan were distributed to each member in advance. The Capital Improvement Project Office Director, Chief Financial Officer, department directors, and other City staff were available to discuss specific projects and respond to the Committee's questions. CONCLUSION: The Administration recommends adoption of the attached Resolution, which establishes the RDA Capital Budget for Fiscal Year 2004-2005 and the Capital Improvement Program for Fiscal Years 2005-2009. JMG:PDW:mim ~ /