135-93 RDA
RESOLUTION NUMBER
135-93
A RESOLUTION OF THE MIAMI BEACH REDEVELOPMENT
AGENCY, ADOPTING BUDGETS FOR THE SOUTH POINTE
AND CITY CENTER REDEVELOPMENT AREAS FOR FISCAL
YEAR 1994.
WHEREAS, the Miami Beach Redevelopment Agency is empowered by
the State of Florida to effectuate the revitalization and
rehabilitation of blighted areas; and
WHEREAS, two specific proj ect areas have been designated
blighted areas and officially as redevelopment project areas; and
WHEREAS, there is a substantial need for capital improvements
ln both areas.
NOW, THEREFORE, be it duly resolved by the Miami Beach
Redevelopment Agency that the Miami Beach Redevelopment Agency
hereby adopts the budgets for the South pointe and City Center
Redevelopment Areas attached hereto as Exhibits "A" and "B"
respectively and incorporated herein for Fiscal Year 1994.
PASSED AND ADOPTED this
day of
, 1993.
)91~
ATTEST:
1?1 I > 'i<
( ~ <-...., ~
- .-
CITY CLERK
jjph
FORM APPROVED
REDEVELOPMENT AGENCY
GENERAL COUNSEL
By "1'LS>
Date c; - 11- t.::3.
Attachments
2
EXHIBIT "A"
FiIe:BDSPRD94
~(:Y.l!"iU;:l"~.h"'L:..s .;.1~$'~I''':~'~'fl1c.;{\1<Mvl
^ j,.,..(.i>~... ,^ .- ,) ^'...? :'l: InIlI j $ , " ' <<'..1..,. """ \: ~. "\'" .. ~ )..
" :;.:r~' v>~_., '~/&:-<I'''''.':~
/ '" >c..-Of' ~ o? ~,... '" IV, ~):l"(( """"
,,~it~f1~e~~;;~~; ~;; :;r&f;~ ~/ii1;'~. ~r;~ Z
General Debt..
Revenues and Other Sources Fund '. . ........ $ervic8 TotaJ
Tax Increment $2.255.593 $2,255,593
Marina Rental $230,000 $230,000
Shoreline Restoration Grant 225000 $225,000
Interest Income $43,750 $39,500 $83,250
Operating Transfer In $821,266 $821,266
Undesignated Fund Balance $237,000 $237,000
Carryover Seawall Funding $1,825,000 $1,825,000
Carryover Cobb Parcel 2 (Block 53) - Land Acq. $1,000,000 $1,000,000
Carryover Streetscape Funding $1.353,000 $1,353.000
Total Revenues and Other Sources $7,169.343 $860,766 $8,030.109
Expenditures and Other Uses
Operatina:
Management Agreement - Current $300,000 $300,000
Management Agreement - City Catchup $100,000 $100,000
Advertising and Promotion $2,500 $2,500
Bank,13ond Fee. $1,650 $1,650
Postage and Mailing $1,200 $1,200
Printing $600 $600
01Tlce Supplies $240 $240
Meetings and Conference Expenses $5,000 $5,000
Dues and Subscriptions $1,250 $1 ,250
Submerged Land Lease $106,087 $106,087
Audit Fee $8,000 $8,000
Miscellaneous $1,200 $1,200
Total Operating $526,077 $1,650 $527.727
Debt Service $859,116 $859.116
Capital:
Complete Cobb Parcel 2 (Block 53) - Land Acq. $2,500,000 $2,500,000
Streetscape $1,353,000 $1,353,000
Relocation Costs $25,000 $25,000
Legal Fee. $500,000 $500,000
Other Professional Fee. $25,000 $25,000
Environmental Cleanup $100,000 $100,000
Demolition $75.000 $75,000
Total Cobb Parcel 2 $4.578.000 $4,578.000
Seawall Restoration $1.825.000 . $1.825,000
5TH Street Beautiftcation Project $240.266 $240,266
Total Capital Projects $6,643.266 $6,643.266
Operatina Transfer Out - Debt Service $821.266 $821.266
Total Expencfltures and Other Uses $7,169.343 $860.766 $8.030.109
Revenue Over (Unde~ Exps. $0 $0 SO
NOTE: This budget contains no provision for parking or environmental cleanup at the Miami Beach Marina.
RMC/RWS
3
EXHIBIT "B"
, ,'n'.,("Y1i"";:-:::'{~~I::'i';;~J';:l/ ::ii{I';P"'~ ;Ht' yc::;;:; ~.~:{,
;:.,,~.............~~.-.ro ~<r~ ... _A:.....~~J "...!;.:~... ".-,"""~ ~)>,.
/ ~~j(~'S~'~1a~'it-:::-:--ii ~"U--::<\~Y&'\'~t ':lO ttYr"t"'-
. /U:K''''n;~!L~!J~~h./~;h.,., ,^,,,~lt~~ U",.\ L. ,>:,,-;,~
.v(<<<":'9'~^"""~' ~b(/x;-~~'" 'V"" '
{;;I,I","";;;; iil if....,,.. ~;;; ~<llP.";' """'1 ~.;.,;~:~1~--::
Revenues and Other Sources
Tax Increment
Interest Income
Fund Balance
Total
ExPenditures and Other Uses
Qperatina:
Management Agreement
Advertising and Promotion
Postage and Mailing
Printing
Office Supplies
Meetings and Conference Expenses
Dues and Subscriptions
Audit Fee
Miscellaneous
LegaJ Fees
Other Professional Fees
Total Operating
CagitaJ Proiects
()geratina Transfer Out - (Hotel Studv)
Total ExpendibJres and Other Uses
Revenue Over (Under) Exps.
General
Fund
$1,192,255
$21,525
~
$1.213.780
$122,300
$1,500
$600
$300
$120
$2,400
$600
$5,000
$960
$50,000
$30.000
$213.780
$575.000
$425.000
$1.213,780
$0
RMC,fmS
FiIe:BDCVRD94
4
::D
3:
j
(')
~'...~l;
fit ~
zm
.H.....\.,i
..-__-....-....:>:_=-.t
:::--,::.-":::<:-::::-::-::,:!l::
~~~~~~~~~~U I;;;:
~ ~ II i _ M I ~ i ~ i . ....:~,
.....:::::.:,.:~
.:/':::}.~
iiHiiiin~~ ii~
..........:........?Jfi
:.),,::.:::,:~1!'
~~I~X!I;~i~i i'11~
p ;A. !II; !II jl ~ i ~ ~ pi g)'ot.i..::". i
i ~ I ~ ~ Ii. A i II :~:.:.::::..::.:<
- -~I:i::.:...::::.::.:. ~ -..
· {'i:.;.:['t.-
I!~!
~....!I'H"~
<:::::;:::.::iJ:::-::::,-;:~
':.::":::::::/,,:':':'....'lii]:
...................~
.: ::~~ :::=:::::.: :~::j::~::;~~{~
I;:...:........:.......:..~.:...:...............;I.........:~.
'..:,:,:,:,:,,:~
;" <:::::::>::"; :~"'t
.,',... .'....-......"-.----
.. .., .......-."--
.,:.:,.,:.:-:.;,;::.;.:.;.:.'",,->
ini~HHH~ 1;~:1
~~~BHH~H If 1
z
~ ~~~iiiiiiii!
...
!R ...........
~ ~~~QNol!~~i!i!
~ N_U1_NOl~U1~IOC5~
(JJ ~~~~~~~~~~~~
lB ~~!~8~:"~(,)~bl~
o ....CIIC11UlNUll'j-~~...~
Z
."
~
3:
!
(')
m
~
~
~
o
z
~
~
~
'"
~
~
(')
~
~
~
i
z
~
........
----!~..........
~=<n2NUi~~~q)~~
~~~:"~a.(.):"ioa.(.)o
~8lS~lB~&~~~c;j8
~~&~;q~iR~:":"~~
....C11C11Ult;Ul(Ji-8tj-~
NI C,,)-- ...111
C,,)NCIINCIIGNONN.
GNtoNtoa-U.a-N:"'W
. .
3: ~8i.~I.~~~~~
~ ~~G~I...I!&i~~
;; i~~I~AA;~~~;
~
n~~~~!St~gftgl
li:::f!!SI-.~N as ...
Ulc;,;CIIN~""'W'" ... ...
1~~~;ii~i~li
(')
~;
~
"'~a
~~
Fn
.~"
~I
I~
..g
::I:
en
a
;e
~3:
U
~~i
c."lB
5!~~
ag}~
~:;!3:
~~
~i
FS-<
I
!
5
FILE: RDA/DEBTSVC
MIAMI BEACH REDEVELOPMENT AGENCY
SOUTH POINTE TAX INCREMENT BONDS
DEBT SERVICE SCHEDULE
FISCAL
YEAR PRINCIPAL INTEREST TOTAL
89/90 $214,691 $214,691
90/91 $235,000 $628,028 $863,028
91/92 $260,000 $605,444 $865,444
92193 $280,000 $580,806 $860,806
93/94 $305,000 $554.116 $859, 116
94/95 $335,000 $524,916 $859,916
95/96 $365,000 $492, 978 $857,978
96/97 $400,000 $458,075 $858,075
97/98 $435,000 $419.978 $854.978
98/99 $475.000 $378.460 $853,460
99/00 $520,000 $333,062 $853,062
00/01 $565,000 $283,559 $848,559
01/02 $615,000 $229,722 $844,722
02103 $675,000 $170,866 $845,866
03/04 $735.000 $106,534 $841,534
04/05 $800,000 $36.500 $836.500
~7.000.000 '6.017.735 ~13.017.735
6
::D Z
~ 0
~ ~
en
CD 0
it ~i
~ ..~..
-
~ t!~
(,,) ...,~
CD (,,)1\)
> C:AUt
en -...,
m 0)1\)
0 t~
0
Z ...,-
~
::D
m
c: ~
~ !~
z
~ ':...aUt
t~
0 :"'i\)
m ...,...,
::D 0)-
:j
JJ
~
0
Z
:z,
0
F ~
I g,
CD
~
,..
~ ...,
~
~
0
~
~ CD
0 ~
~
0
I I
m ~
~
0
0
c:
~ I
I: -
~ lQ
-
I\)
m
::D
~ ~
-
~
JS
bl
en
::D
~. .....
~..~..a
o~>
~Jn r-
::D
.:<..
::D ....-
t!! .z
F.....g
~....~..~
olDm
~. L..Z
mm-l
::D .' ..0
~. ...:.....;;;;."71.
...--.....-.-..-.--.......,-,..
.I:~i~
<:~~
";Z;..:..:.;;":;
en
.... ....
.1.;~'6}i...
-............0.....................;....;..........;;;......
. ..c::H
~l ~i)
:-:::::::::::::;::-:::-::::.:.:.',-.
:.:...;.:::.....;::.:::.;:;.;:;:::::
1'111![:
iIi;:::::::::::::::::::::::::
III
i~;
}:::::::.:(I)?:{i;<:.
::;lj~ti]jf;1~i~ji(1;iiij~~j~~1i]![~j ::::
.1.'~'~...11.
," ......' -.-:.:.:.:..,..,;.
',.:../::.-. >:<<\
;tt;...;{I)...........;;
~lll:~!li
g..:.....
;.~~
.~... .'::..;.r'
J:
en
-4
~
0-
-0
~~~
~Si
Za;CD
~fii~
~::DJ:
en~::D
-I~m
~:aO
oo~
8~6
~::D~
m:J~
z>z
....Z-I
So>
Z-tG')
<>m
-)(Z
~zQ
G')~
mm
I:
~
7
Miami Beach
Redevelopment Agency
1700 Convention Center Drive
Miami Beach, Florida 33139
REDEVELOPMENT AGENCY MEMORANDUM NO. 93-26
September 22, 1993
To: Chairman and Members of the Board
of the Redevelopment Agency
From: Roger ~. ca:lto.~~ ~
Executlve Dlred ~
. ~
SUBJECT: A RESOLUTION ADOPTING MIAMI BEACH REDEVELOPMENT AGENCY'S
OPERATING BUDGET FOR FISCAL YEAR 1993
AGENCY RECOMMENDATION:
The Agency staff recommends that the Redevelopment Agency Board
adopt the attached Resolution which establishes budgets for the
South Pointe and City Center areas for Fiscal Year 1994.
BACKGROUND:
The proposed budget has been prepared to coincide with the overall
City budget process. However, major decisions will be made by the
Agency Board over the next few months which will affect the budget,
including decisions on the Marina and the Portofino Group project
in South pointe and the hotel Request for Proposals (RFP) in City
Center.
ANALYSIS:
The proposed budget should be approved now to coincide with City
process, with the understanding that the Agency will hold workshops
and public meetings to amend it as necessary during the year.
MSD/svh
Attachments
1
au
.