HomeMy WebLinkAbout517-2005 RDA Reso
RESOLUTION NO. 517-2005
A RESOLUTION OF THE CHAIRMAN AND MEMBERS OF THE MIAMI
BEACH REDEVELOPMENT AGENCY, APPROPRIATING THE 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 and Miami Beach Redevelopment Agency (RDA) 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 RDA; and
WHEREAS, on July 21, 1999 the Commission approved the FY 1999 - FY 2004
CIP for the City and the RDA; 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 $10,419,732
and includes five projects 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
NOW, THEREFORE, BE IT RESOLVED BY THE CHAIRMAN AND MEMBERS OF THE
MIAMI BEACH REDEVELOPMENT AGENCY, that they hereby adopt and appropriate, the
Miami Beach Redevelopment Agency Capital Budget for Fiscal Year 2005-2006 and adopt
the Capital Improvement Plan for Fiscal Year 2006-2010.
This resolution shall take effect immedia
,2005
PASSED AND ADOPTED THIS 21st
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SECRETARY
Robert Parche
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Date
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David Dermer
General
City Atlor
REDEVELOPMENT AGENCY
COMMISSION ITEM SUMMARY
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Condensed Title:
A Resolution adopting and appropriating the Miami Beach Redevelopment Agency (RDA) Capital Budget
for Fiscal Year 2005-2006 and the Capital Improvement Plan for Fiscal Years 2006-2010.
Issue:
Shall the RDA 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 2006-2010?
Item Summary/Recommendation:
The Proposed RDA Capital Budget for FY 2005-2010 totals $10,419,732 and includes 5 projects
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. Capital reserves, debt service payments, and other capital purchases found in the Operating Budget
are not included in this budget.
Adviso Board Recommendation:
On September 12, 2005 the FY 2005-2010 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 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 s ecific ro'ects and res ond to the Committee's uestions.
Financial Information:
Source of Amount Account Approved
Funds: 1 $10,419,732 City Center RDA Tax Increment
Funds
~nre DJ 2
3
4
Total $10,419,732
Ci Clerk's Office Le islative Trackin
Patricia D. Walker
n-Offs:
Department Director
sistant City Manager
City Manager
AGENDA ITEM
DATE
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CITY OF MIAMI BEACH
CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139
www.ci.miamibeachfl.gov
REDEVELOPMENT AGENCY MEMORANDUM
Subject:
Chairman and Members of the Board Date: September 21 ,2005
Miami Beach Redevelopment Agency
Jorge M. Gonzalez ). -A /'
Executive Director () .,-- '0
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 2005-2006 AND 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'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
resurfacinglreconstruction; 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
September 21,2005
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.
ANAL YSIS
Caoitallmorovement Plan
The 2006-2010 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
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 RDA Capital Budget for FY 2005-2006 totals $10,419,732 and includes 5 projects
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 RDA
Capital Budget for Fiscal Year 2005-2006 and the Capital Improvement Program for Fiscal Years
2006-2010.
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