97-22549 RESO
"
RESOLUTION NO.
97-22549
A RESOLUTION OF THE MAYOR AND CITY COMMISSION
OF THE CITY OF MIAMI BEACH, FLORIDA,
APPROPRIATING THE AMOUNT OF $1,631,000 FOR
FUNDS REQUIRED TO OPERATE THE 7TH STREET AND
COLLINS AVENUE PARKING GARAGE FOR FISCAL YEAR
1997-1998, AND ALSO REPAY THE PROPORTIONATE
SHARE OF THE GULF BREEZE LOAN POOL DEBT
SERVICE.
WHEREAS, the public parking garage located at 7th Street and Collins Avenue (Garage)
is currently operating on a daily basis; and
WHEREAS, a Fiscal Year 1997-1998 budget is necessary to pay the operating expenses of
the Garage; and
WHEREAS, an appropriation of funds is also necessary to repay the proportionate share of
the Gulf Breeze Loan Pool debt service which was used, in part, to fund the construction of the
Garage; and
WHEREAS, surplus revenues will be deposited in the Special Revenue Fund to assure
proper preventative maintenance, and the structural integrity of the Garage.
NOW, THEREFORE BE IT DULY RESOL VF,D BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City
Commission appropriate the amount of $1 ,631 ,000 for funds required to operate the 7th Street and
Collins A venue Garage, for Fiscal year 1997-1998, and also repay the proportionate share of the
Gulf Breeze Loan Pool debt service.
PASSED and ADOPTED this 8th day of October, 199
ATTEST:
~~ fQA~
CITY CLERK
A ROVED AS TO
FORM & lANGUAGE
& FOR EXECUTION
~~
H1
0""','
CITY OF
MIAMI
BEAC~
CITY HALl. 1700 CONVENTION CENTER DRIVE MIAMI BEACH FLORIDA 33139
COMMISSION MEMORANDUM NO. t.- t. 3 - C; 1
TO:
Mayor Seymour Gelber and
Memben of the City Commission
DATE:
October 8,1997
FROM:
Jose Garcia_pedros#!
City Manager
A RESOLUTIO OF THE MAYOR AND CITY COMMISSION OF
THE CITY OF MIAMI BEACH, FLORIDA, APPROPRIATING THE
AMOUNT OF $1,631,000 FOR FUNDS REQUIRED TO OPERATE THE 7TH
STREET AND COLLINS AVENUE PARKING GARAGE FOR FISCAL
YEAR 1997-1998, AND ALSO REPAY THE PROPORTIONATE SHARE OF
THE GULF BREEZE LOAN POOL DEBT SERVICE.
SUBJECT:
ADMINISTRATION RECOMMENDATION:
Adopt the resolution.
BACKGROUND:
The funding for the construction of the 7th Street and Collins Avenue garage was accomplished by utilizing
the Gulf Breeze Municipal Loan Pool. The revenues collected will be used to pay operating expenses and
repay the debt service on the proportionate share of the k>an. Surplus revenues will be deposited in the
Special Revenue fund for the 7th Street Garage to assure proper preventive maintenance and structural
integrity of the structure. The Parking Department will be responsible for the collection of the revenues
which will be used to pay operating expenses and debt services.
ANALYSIS:
See attached breakdown of projected expenses for Fiscal Year 97/98 for the garage. Projected Revenues
of$1,631,000 have been estimated based on $1,476,000 to be collected from hourly parkers and $155,000
of miscellaneous collections.
CONCLUSION:
The operating budget in the amount of $1,631,000 is required to cover the operating expenses and debt
service for the 7th Street and Collins Avenue parking garage for the Fiscal Year 1997-1998. In the event of
any shortfall, the difference shall be made up by funds from excess parking revenues.
JG@JYGlbjb
AGENDA ITEM
C.1G
lO-S'U
DATE
CITYOF MIAMI BEACH
pARKIN'G'DEPr:i""~,(i:""~ .....
7TrfSTREETSc'.C()U..iNS AVENUE
BLJDGET'I'FY97/98>:e,' '.',.
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ACCOUNT
NUMBER BUDGET
" -". ,,',"'.:" ..>.... REVENUE .. .
REVENUE 34404 1,631,000
TOTAL REVENUE 1,631,000
;,.,:i;eOPERATING EXPENSES' .... .'
TEMPORARY LABOR 000311 0
MEDICARE 000165 0
F,LCA 000166 0
PROFESSIONAL SERVICES 000312 365,875
ELECTRICITY 000314 30,000
TELEPHONE 000316 250
WATER 000317 3,800
SEWER CHARGES 000318 1,500
SANITATION FEES 000319 9,600
ADMINISTRATION FEES 000322 44,153
PRINTING 000324 20,000
CONTRACT MAINTENANCE 000325 138,500
ADVERTISING 000327 2,500
STORM WATER 000329 2,000
OFFICE SUPPLIES 000341 300
REP AI R/MAINTENANCE 000342 10,000
OTHER OPERATING EXPENSES 000343 8,000
LOCAL MILEAGE REIMBURSEMENT 000364 0
DISCOUNTS EARNED 000398 0
INTERNAL SERVICE - CENTER 000501 450
INTERNAL SERVICE - COMMUNICATIONS 000504 300
FURNITURE & FIXTURES 000671 500
MACHINERY/EQUIPMENT 000674 3,000
TOTAL OPERATING EXPENSES 640,728
,~~.it..i3;:'<{NON.OPERATINGEXPENSES!;";j';':~,;;.i;
REDEMBT L T INTEREST 000720 710,000
I
TOTAL NONOPERATING EXPENSES 710,000
TOTAL EXPENSES 1,350,728
NET REVENUE 280,272
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