HomeMy WebLinkAbout2005-26009 Reso
RESOLUTION NO. 2005-26009
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY
OF MIAMI BEACH, FLORIDA, APROPRIATING THE CITY OF MIAMI BEACH
AND MIAMI BEACH REDEVELOPMENT AGENCY CAPITAL BUDGET FOR
FISCAL YEAR 2005-2006 AND ADOPTING THE CAPITAL IMPROVEMENT
PLAN FOR FISCAL YEARS 2006-2010.
WHEREAS, the 2006-2010 Capital Improvement Plan (CIP) for the City of Miami
Beach is a five year plan for public improvements and capital expenditures by the City; and
WHEREAS, this document is an official statement of public policy regarding
long-range physical development n the City of Miami Beach; and
WHEREAS, on July 21, 1999 the Commission approved the FY 1999 - FY 2004
CIP for the City and the Redevelopment Agency; and
WHEREAS, since that time, the City has issued $92 million of General
Obligation Bonds, pursuant to a referendum; issued $54 million of Water and Sewer
Bonds; and $52 million of Stormwater Revenue Bonds; and
WHEREAS, the approved Capital Improvement Plan has been updated to
include projects that will be active during the fiscal years 2006 through 2010; and
WHEREAS, the Proposed Capital Budget for FY 2005-2006 totals $126,516,269
and includes eighty seventy projects and capital equipment acquisitions recommended for
appropriation in conjunction with the FY 2005-2006 Operating Budget; and
WHEREAS, the Proposed Capital Budget itemizes project funds to be
committed during the upcoming fiscal year detailing expenses for project components
which include: architect and engineer, construction, equipment, art in public places, and
other related project costs; and
WHEREAS, on September 12, 2005 the FY 2005-2006 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; and
WHEREAS, a copy of the proposed Capital Budget for FY 2005-2006 is
included below.
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
adopt and appropriate, the City of Miami Beach/Miami Beach Redevelopment Agency
Capital Budget for Fiscal Year 2005-2006 and adopt the Capital Improvement Plan for
Fiscal Year 2006-2010.
Proposed Sources of Funding
Water & Sewer Bond 2000
Stormwater Bond 2000
Parking Impact Fees
South Pointe Capital Funds
GO Bond - Neighborhoods 2003
City Center TI F
Miami Dade County Bond
Equipment Loan/Lease
Pay-As-You-Go Fund
Capital Grants
Convention Development Taxes
Parking Bond Fund 481
Quality of Life (Resort Tax Funds)
Information & Communications Technology Fund
Sanitation Enterprise Fund
Parking Operations Fund
Concurrency Mitigation Funds
Funding
$ 21,499,402
21,133,056
14,711,169
12,002,243
11,297,833
10,419,732
10,381,000
5,254,566
5,000,000
3,615,000
3,193,237
3,400,000
1,950,000
1,000,000
1,000,000
578,016
81,015
126,516,269
Total $
This resolution shall take effect immediately upon its adoption.
PASSED AND ADOPTED THIS
21st
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CITY CLERK
, 2005
Robert Parcher
David Dermer
APPROVED AS TO
FORM & LANGUAGE
& FOR EXECUTION
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CITY OF MIAMI BEACH
COMMISSION ITEM SUMMARY
m
Condensed Title:
A Resolution adopting the City of Miami Beach and Miami Beach Redevelopment Agency Capital Budget
for Fiscal Year 2005-2006 and the Capital Improvement Plan for Fiscal Years 2006-2010.
Issue:
Shall the City Commission adopt the City of Miami Beach and Miami Beach Redevelopment Agency
Capital Budget for Fiscal Year 2005-2006 and the Capital Improvement Plan for Fiscal Years 2006-201 o?
Item Summa IRecommendation:
The Proposed Capital Budget for FY 2005-2006 totals $126,516,269 and includes 87 projects and capital
equipment acquisitions recommended for appropriation in conjunction with the FY 2005-2006 Operating
Budget. It itemizes project funds to be committed during the upcoming fiscal year detailing expenses for
project components which include: architect and engineer, construction, equipment, art in public places,
and other related project costs.
The Administration recommends the City Commission approve the proposed Capital Budget and updated
Ca itallm rovement Plan.
Advisory Board Recommendation:
On September 12,2005 the FY 2005-2006 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 2005-2006. Copies of the draft Proposed Capital Budget for FY 2005-
2006 and updated Capital Improvement Plan were distributed to each member in advance. The City
Manager, 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. The
Finance and Citywide Projects Committee unanimously approved and moved the item to the full
Commission.
Financial Information:
Source of Amount Account Approved
Funds: 1 $126,516,269 Various Funding Sources
~nce DJ 2
3
4
Total $126,516,269
Ci Clerk's Office Le islative Trackin
Patricia D. Walker
n-Ofts:
Department Director
City Manager
AGENDA ITEM R7 E.
DATE q-Zl-OS-
CITY OF MIAMI BEACH
CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139
www.miamibeachfl.gov
COMMISSION MEMORANDUM
Subject:
Mayor David Dermer and Date: September 21, 2005
Members of the City Commission
Jorge M. Gonzalez a A ~
City Manager "'"' 0
A RESOLUTION F THE MAYOR AND CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, APPROPRIATING THE CITY OF MIAMI BEACH AND
MIAMI BEACH REDEVELOPMENT AGENCY CAPITAL BUDGET FOR FISCAL
YEAR 2005-2006 AND ADOPTING THE CAPITAL IMPROVEMENT PLAN FOR
FISCAL YEARS 2006-2010.
To:
From:
ADMINISTRATION RECOMMENDATION
Adopt the Resolution.
BACKGROUND
Planning for capital improvements is an ongoing process; as needs change within the City, capital
programs and priorities must be adjusted. The Capital Improvement Plan C'CIP") serves as the
primary planning tool for systematically identifying, prioritizing and assigning funds to critical City
capital development, improvements and associated needs.
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 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 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 2005-2006 Capital Budget and the
updated CIP for FY 2006-2010, following a comprehensive review of the CIP to insure that the Plan
accurately reflects all project budgets, funding sources and commitments, for adoption by the City
Commission.
ANAL YSIS
Capital Improvement Plan
The 2006-2010 CIP for the City of Miami Beach is a five year plan for public improvements and
capital expenditures by the City. 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 2006 through
2010.
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 Budaet
The Proposed Capital Budget for FY 2005-2006 totals $126,516,269 and includes 87 projects and
capital equipment acquisitions recommended for appropriation in conjunction with the FY 2005-2006
Operating Budget. It itemizes project funds to be committed during the upcoming fiscal year detailing
expenses for project components which include: architect and engineer, 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 12, 2005 the FY 2005-2006 Proposed Capital Budget and updated Capital
Improvement Plan was discussed at ajoint 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 2005-2006. Copies of the draft Proposed
Capital Budget for FY 2005-2006 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 Capital
Budget for Fiscal Year 2005-2006 and the Capital Improvement Program for Fiscal Years 2006-
2010.
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