HomeMy WebLinkAbout2006-26336 Reso
RESOLUTION NO. 2006-26336
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 2006/07 AND ADOPTING THE CAPITAL IMPROVEMENT
PLAN FOR FISCAL YEARS 2006/07 - 2010/11.
WHEREAS, the 2006/07 - 201 0/11 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 2006/07 through 2010/11; 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 14, 2006 the FY 2006/07 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, the Proposed Capital Budget for FY 2006/07 totals $88,232,692 and
includes 114 projects and capital equipment acquisitions recommended for appropriation in
conjunction with the FY 2006/07 Operating Budget; and
WHEREAS, a copy of the proposed sources of funding for the FY 2006/07 Capital
Budget is provided in Attachment A; and
WHEREAS, a copy of the proposed projects to be appropriated with the FY 2006/07
Capital Budget is provided in Attachment B.
NOW, THEREFORE, BE IT RESOLVED BYTHE MAYOR AND CITY COMMISSION OF THE CITY
OF MIAMI BEACH, FLORIDA, that they hereby adopt and appropriate, the City of Miami
Beach/Miami Beach Redevelopment Agency Capital Budget for Fiscal Year 2006/07and adopt the
Capital Improvement Plan for Fiscal Year 2006/07 through 2010/11.
aOOb -1'-3 3~
PASSED AND ADOPTED THIS21st DAY OF SeptembE2006.
Att~ 6 r ~A-{lu-\
CITY CLERK
Rpbert Parcher
~ ~
/~___u
Vice-Mayor Jerry Libbin
COMMISSION ITEM SUMMARY
Condensed Title:
A resolution of the Mayor and City Commission of the City of Miami Beach, Florida, appropriating the
proposed City of Miami Beach and Miami Beach Redevelopment Agency Fiscal Year (FY) 2006/07 Capital
Bud et and ado t the ro osed Ca itallm rovement Plan for FY 2006/07 throu h 2010/11
Issue:
Should the Commission appropriate the proposed City of Miami Beach and Miami Beach RDA FY 2006/07
Capital Budget and adopt the proposed Capital Improvement Plan (CIP) for FY 2006/07 through 2010/11?
Item Summarv/Recommendation:
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. The Administration is presenting the proposed FY 2006/07Capital Budget
and the updated CIP for FY 2006/07 - 201 0/11 , following a review to insure that the CIP accurately reflects
project budgets, funding sources and commitments, for adoption by the City Commission. The Capital
Budget Process Committee reviewed the projects according to the City's strategic priorities (Key Intended
Outcomes), and funding criteria.
As directed by the Finance and Citywide Projects Committee in 2005, and later endorsed by the City
Commission, the Administration uses Quality of Life (QOL) funds allocated for North Beach, Middle Beach
and South Beach to address much desired capital projects throughout the community. Between May 22
and 242006, community input in North, Middle and South Beach regarding which projects to fund was
solicited for FY 2005/06 appropriated funding and FY 2006/07 projected QOL funding. Priorities identified
through this community process have been incorporated in the Proposed Capital Budget funded from QOL
proceeds as well as through other funding sources.
Subsequent to the September 14 joint meeting of the Finance and Citywide Projects Committee and the
General Obligation Bond Oversight Committee, the following revisions have been recommended:
· Add $1,630, 014 in appropriations for the Normandy Shores Neighborhood project in FY 2006/07
funded from Stormwater Bonds 2000S Interest offset by deleting planned funding in FY 2007/08
· Add $333,314 in appropriations for the Venetian Islands Neighborhood project funded from
Storm water Bonds Interest and $1,142,095 in appropriations funded from Water and Sewer Bonds
Interest in FY 2006/07 offset by deleting planned funding in FY 2007/08 of the same amounts
Although these revisions do not impact overall project cost, they are needed since the projects are
anticipated to be in construction in FY 2006/07. The amended Proposed Capital Budget for FY 2006/07
totals $88,232,692 and includes 114 projects.
Financial Information:
Source of
Funds:
Financi
Account Approved
Various - See attachment B of Resolution
City Clerk's Office Legislative Tracking:
I
Assistant City Manager
City Manager
MIAMI BEACH
m
.....
AGENDAITEM_R1 E
DATE ~~2,\-O~
G MIAMI BEACH
City of Miami Beach, 1700 Convention Center Drive, Miami Beach, Florida 33139, www.miamibeachfl.gov
COMMISSION MEMORANDUM
FROM:
Mayor David Dermer and Members of the City Commission
Jorge M. Gonzalez, City Manager) __ y
September 21, 2006 U
TO:
DATE:
SUBJECT: 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 2006/07AND ADOPTING THE CAPITAL IMPROVEMENT PLAN FOR
FISCAL YEARS 2006/07 - 2010/11
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 ("CIP")
serves as the primary planning tool for systematically identifying, prioritizing and assigning
funds to critical City capital development, improvements and associated needs.
The City's capital improvement plan process began in the spring when all departments are
asked to prepare their own capital improvement program containing information on the
department's ongoing and proposed capital projects. Individual departments prepare
submittals identifying potential funding sources and requesting commitment of funds for their
respective projects.
The Capital Budget Process Committee comprised of the Capital Improvements Office,
Department of Public Works, Planning Department, Fire Department, Parks and Recreation
Department, and Parking Department, together with the Finance Department and the Office
of Budget and Performance Improvement, reviews the projects according to the City's
strategic priorities (Key Intended Outcomes), based on the above Review Criteria. In
addition, the review considers conformance with the Comprehensive Plan and other plans
for specific area, and linkages with other projects for combined impact, the availability and
source of funding, project impact for maximum benefits to the citizens of the City, and the
length of time that a project will benefit the City.
The proposed document is reviewed by the City Manager, and upon approval, is submitted
to the Finance and Citywide Projects Committee, General Obligation Bond Oversight
Committee and the City Commission/Redevelopment Agency Board for final approval and
City Commission Memorandum
Resolution Adopting FY 2006/07 Capital Budget and FY 2006/07 - 2010/11 CIP
September 21,2006
Page 2
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.
Individual projects within neighborhood areas have been 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.
On July 21, 1999, the Commission approved the FY 1998/99 - FY 2004/05 Capital
Improvement Program (CIP) for the City and the Redevelopment Agency and 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. Since that time, the City has issued additional General Obligation Bonds
pursuant to referendum; Water and Sewer Revenue Bonds; Stormwater Revenue Bonds;
2001 and 2006 Gulf Breeze Loans; and a $15 million Equipment Loan. In addition,
beginning in Fiscal Year 2005/06 the City committed to funding a Pay-As-You-Go
component of the capital budget funded from General Fund Revenues, as well as
committing to using Resort Tax Quality of Life funds in north, middle, and south beach for
capital projects. Also in 2005, through a series of workshops with the Mayor and
Commission for the City of Miami Beach, previously approved appropriations were reviewed
to ensure that projects scheduled to begin construction in the next few years are fully
funded, appropriating funds from other projects scheduled to begin in later years and
providing for those to be replaced from future financings. These changes were reflected in
the 2005/06 - 2009/1 0 Capital Budget and CIP for the City and the Redevelopment Agency.
On September 21, 2005, the Commission approved the FY 2005/06 - 2009/10 CIP for the
City and the Redevelopment Agency.
The Administration is presenting the proposed FY 2006/07Capital Budget and the updated
CIP for FY 2006/07 - 2010/11, 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.
ANALYSIS
Capital Improvement Plan
The FY 2006/07 - 2010/11CIP 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 2006/07 through 2010/11.
City Commission Memorandum
Resolution Adopting FY 2006/07 Capital Budget and FY 2006/07 - 2010/11 CIP
September 21,2006
Page 3
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.
Project Schedules
Exhibit 1 contains a summary of projects anticipated to begin construction in FY 2006/07
as well as those scheduled to be in design.
Capital Budget
The Proposed Capital Budget distributed September 8 2006 for FY 2006/07 totaled
$85,127,269 and included 113 projects and capital equipment acquisitions recommended for
appropriation in conjunction with the FY 2006/070perating 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 14, 2006 the FY 2006/07 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
2006/07. Copies of the draft Proposed Capital Budget for FY 2006/07and the updated
Capital Improvement Plan were distributed to each member in advance. The Capital
Improvement Project Office Director, Director of Budget and Performance Improvement,
department directors, and other City staff were available to discuss specific projects and
respond to the Committee's questions.
Subsequent to the September 14, joint meeting of the Finance and Citywide Projects
Committee and the General Obligation Bond Oversight Committee, the following revisions
have been recommended by staff:
. Add $1,630, 014 in appropriations for the Normandy Shores Neighborhood
Improvement project in FY 2006/07 funded from Stormwater Bonds 2000S
Interest and delete the planned funding in FY 2007/08
City Commission Memorandum
Resolution Adopting FY 2006/07 Capital Budget and FY 2006/07 - 2010/11 CIP
September 21,2006
Page 4
. Add $333,314 in appropriations for the Venetian Islands Neighborhood Improvement
project funded from Stormwater Bonds 2000S Interest and $1,142,095 in appropriations
funded from Water and Sewer Bonds 2000S Interest in FY 2006/07 and delete the
planned funding in FY 2007/08 of the same amounts
Although these revisions do not impact overall project cost, they are needed since the
projects are anticipated to be in construction in FY 2006/07. The Proposed Capital Budget
for FY 2006/07 as amended therefore totals $88,232,692 and includes 114 projects.
Quality of Life Funding
Approved by referendum on November 3, 1992, Quality of Life funding was created through
the implementation of an additional 1 % resort tax on room rent. Proceeds of this additional
tax are to be used as follows:
. 50% for public incentives for the convention center headquarters hotel
development
. 50% for promotion of tourism-related activities and facilities, and developing,
improving and maintaining tourism-related public facilities
The 50% of the funds for tourism-related activities and facilities were originally allocated
equally among North Beach, Middle Beach and South Beach.
Pursuant to a Commission workshop on February 18, 2004, beginning in Fiscal Year
2004/05 at the direction of the City Commission, the distribution of the funds was equally
allocated among North Beach, Middle Beach, South Beach and the Arts. This change
provided a permanent, dedicated source of revenue to be dedicated to promote the tourism,
film, entertainment, and cultural areas of the City. These funds are allocated and available
for expenditure in the year following the year collected.
Further, as directed by the Finance and Citywide Projects Committee in 2005, and later
endorsed by the City Commission, the Administration uses the funds allocated for North
Beach, Middle Beach and South Beach for capital projects. This provides a source of
revenues to address much desired capital projects throughout the community. Community
input regarding which projects to fund is solicited annually through a public involvement
process. Resulting recommendations by the City Manager are included in the Proposed
Capital Budget each year, consistent with the appropriation of other capital project funds.
For FY 2005/06 appropriated funding and FY 2006/07 projected funding, community
outreach meetings were held from May 22-24, 2006 in North, Middle and South Beach to
give stakeholders the opportunity to provide input and help prioritize capital projects, which
include potential park improvements, neighborhood improvements, alley improvements as
well as traffic and transportation improvements. Priorities identified through this community
process have been incorporated in the Proposed Capital Budget.
City Commission Memorandum
Resolution Adopting FY 2006/07 Capital Budget and FY 2006/07 - 2010/11 CIP
September 21,2006
Page 5
Area Date Location
South Beach May 22, 2006 Flamingo Park, PAL Building 999
11 th Street
North Beach May 23, 2006 North Shore Youth Center, 501
72nd Street
Middle Beach May 24, 2006 21st St Community Center, 2100
Washinaton Avenue
As a result of the community meetings, the following areas were identified as citywide
priorities, common across the three areas of Miami Beach:
. Landscaping/Beautification, including entrance signs
. Bike Trails (Julia Tuttle Baywalk, Parkview Canal Trail, bike lane striping
along major arterials, etc.)
. Bike Racks
. Stamped Asphalt Crosswalks
. Pedestrian Countdown Signals
Aside from the citywide priorities, other priority needs were identified in each of the outreach
meetings. Following please find the priorities identified in each area:
North Beach:
. Bandshell Lighting and Landscaping
. Bandshell Canopy
. Bandshell Marquee Sign
. Bandshell Sound System
. Normandy Golf Course
Middle Beach:
. Par 3 Golf Course Maintenance/Improvements
. Beautification (Le., 41st Street, mosaic footbridges, etc)
. Enhanced Lighting
South Beach:
. Pooper Scooper Stations
. Flamingo Park
. Trash Receptacles
City Commission Memorandum
Resolution Adopting FY 2006/07 Capital Budget and FY 2006/07 - 2010/11 CIP
September 21,2006
Page 6
RESULTING PROPOSED PROJECT FUNDING FORM FY 2006/07 QUALITY OF LIFE
FUNDS
Proposed Project FY 2006/07 Proposed
Fundina
North Beach:
Normandy Shores Golf Course Club House $ 300,000
North Shore Bandshell SiQn, LiQhts, LandscapinQ and Electrical Imps. 625,000
Parkview Island Waterwav Pedestrian Trail 265,000
HardinQ Avenue Gateway 60,000
Trash Receptacles 25,000
Animal Waste Dispensers/Receptacles 15,000
Normandy Isle Park and Pool Tot Lot Shade Structure 50,000
Bicvcle ParkinQ Racks 6,600
Total $1,346,600
Middle Beach:
Julia Tuttle Bay Walk $ 500,000
PlaVQround and Shade Structure Indian Beach Park (Collins & 46"') 250,000
Plavaround and Shade Structure Beachview (Collins & 53ru) 250,000
Natural Baskets for Aurthur Godfrey Road 110,134
Trash Receptacles 25,000
Animal Waste Dispensers/Receptacles 10,000
Bicycle Parking Racks 5,000
Total $1,150,134
South Beach:
Allevwav Restoration ProQram $ 900,000
Replace 6000v Direct Burial Streetlight System 350,000
FlaminQo Park Track ResurfacinQ 50,000
Trash Receptacles 25,000
Animal Waste Dispensers/Receptacles 25,000
Bicvcle Parking Racks 10,000
Total $1,360,000
City Commission Memorandum
Resolution Adopting FY 2006/07 Capital Budget and FY 2006/07 - 2010/11 CIP
September 21, 2006
Page 7
In addition to projects funded from Quality of Life proceeds, other community identified
priorities are included in the Proposed Capital Budget funded through other sources.
Citywide:
Enhanced Crosswalks
Pedestrian Countdown Signals
Speed Limit Radar Units
Bikeways Network Sianaae
Additional Bicvcle Parking Racks
CitYWide WavfindinQ
Additional Allevwav Improvements
Additional Trash Receptacles and Animal Waste Disoensers
North Beach:
Normandv Shores Golf Course Renovations
Normandv Shores Golf Course Grow-in
Normandy Shores Club House
Normandv Shores Golf Course Restrooms
Normandv Shores Golf Course Maintenance Facilitv
Normandv Shores Golf Course Cart Barn
Communitv Garden
Collins Avenue and HardinQ Avenue Sidewalks
Middle Beach:
Julia Tuttle Bavwalk
Muss Park Shade Structure
South Beach:
Mac Arthur Causeway Entrance SiQn
Palm Island Park Shade Structure
Upliahtina - 5th Street Lennox to Ocean Drive
CONCLUSION:
The Administration recommends adoption of the attached Resolution, which establishes the
Capital Budget for Fiscal Year 2006/07and the Capital Improvement Program for Fiscal
Years 2006/07 - 2010/11.
EXHIBIT 1
FY 2006/07
CIP
HIGHLIGHTS
AND SCHEDULES
25 substantially completed projects
= $64 million
FY 2006/07: 53 Expected in Construction
= $165 million
PROJECTS PLANNED TO BE IN CONSTRUCTION
IN FY 2006/07
Neighborhood I ROW Projects
Bayshore Neighborhood Improvements- Lake Pancoast
Flamingo Neighborhood Improvements*
Normandy Isle Neighborhood Improvements*
Normandy Shores Neighborhood Improvements*
Oceanfront ROW Improvements*
South Pointe RDA Improvements Phase II
Sunset Island 1 & 2 Curb Project
-In construction before end of calendar year
Other Street I Sidewalk I Streetscape Improvements
Alleyway Restoration Program
Bikeways Network Signage
Citywide Curb Ramp Installation
Collins Avenue I Harding Avenue Sidewalks
Crosswalks
Harding Avenue Gateway
MacArthur Causeway Gateway Sign
Pedestrian Countdown Signals
Replace 6,000 volt direct burial lighting
Uplighting - 5th Street (Lennox to Ocean)
Parks & Golf Courses
Collins Park Children's Feature
Community Garden in North Beach
Flamingo Park - PAL Building Restrooms
Flamingo Park Track Resurfacing
Lummus 11 oth Street Auditorium
Miami Beach Golf Course Cart Barn
Miami Beach Golf Club Lake Water Feature
Normandy Shores Golf Course Cart Barn
Normandy Shores Golf Course Maintenance Yard
Normandy Shores Golf Course Two Restrooms
Normandy Shores Golf Course Clubhouse
Normandy Shores Golf Course Grow-in
North Shore Bandshelllmprovements
Park View Island Waterway Pedestrian 1 Bicycle
Playgrounds, Tot-lots & Shade Structures
South Pointe Park
Tree Wells Pilot Project
72nd Street Community Center Improvements
Environmental
Animal Waste Dispensers and Receptacles
Bayfront Streetend Public Access Enhancements
Collins Canal Enhancement Project
North Beach Recreational Corridor
Trash Receptacles
Parking
111 Lincoln Road -5th Street & Alton Road
Multi-Purpose Municipal Parking Facility
Surface Parking Lot Improvements Citywide
Transit
Bicycle Parking
Citywide Wayfinding Signage System
Speed Limit Radar Unit
Utilities
Sewer Pump Station Odor Control
Water System Pressure Control Valve
Arts
Maze Project 21 Street & Collins Avenue
South Pointe Art in Public Places
Other
Anchor Place Impact Glass Installation Hose Tower
Refurbishment Fire Station 2
35th Street & 21 st Street Beachfront Restrooms
OTHER PROJECTS IN DESIGN OR TO BE IN
DESIGN IN FY 2006/07
Neighborhood ROW Projects
Bayshore Neighborhood Improvement
Biscayne Point Neighborhood Improvements
City Center Neighborhood Imps - Historic District
Flamingo Neighborhood Improvement
LaGorce Neighborhood Improvement
Lincoln Road - Collins to Washington Ave
Nautilus Neighborhood Improvements
North Shore Neighborhood Improvements
South Pointe Improvements
South Pointe RDA Imps Phase III, IV & V
Sunset Island 3 &4 Neighborhood Imps
Star, Palm & Hibiscus Island Enhancements
Other Street I Sidewalk! Streetscape Improvements
Bicycle Pedestrian Projects Citywide
Julia Tuttle Baywalk
Transit
16th Street Operation Improvement 1 Enhancements
Utilities
Rehabilitation of Sub-Aqueous Forcemains
South Pointe Wastewater Pump Station
Upsizing Under Capacity Water Main
Upsizing Under Capacity Wastewater System
Parks
Botanical Garden
Flagler Monument Restoration
Flamingo Park
Little Stage Complex
Monument Island
New World Symphony Garage and Park Projects
Scott Rakow Youth Center Phase II
South Pointe Pier
. ..
I
I
Parking
C It I C
P k" G
ATTACHMENT A
FY 2006/07 CAPITAL BUDGET
Sources of Funding Funding
Citv Center TIF $20,898,057
2006 Gulf Breeze Loan $10,444,110
South Pointe Capital $9,953,734
Parking Operations Fund $9,558,467
Pay -As-You-Go Fund $7,500,000
Grant Funded Capital Projects $4,791,667
ParkinQ Bond Funds $4,224,600
Convention Development Taxes $4,190,000
Miami Dade County GO Bond $4,116,500
Quality of Life Resort Tax Funds $3,856,714
Half Cent Transit Surtax (PTP) $3,391,655
Equipment Loan/Lease $3,345,100
StormWater Bonds 2000S Interest $1,963,328
Resort Tax 2% Fund Balance $1,716,454
GO Bond - Neighborhoods 2003 $1,485,000
Information & Communications Technology Fund $1,400,000
Water & Sewer Bonds 2000S Interest $1,142,095
StormWater Bonds 2000S $1,060,763
Federal Highways FHPP Funds $900,000
GO Bond - Parks & Beaches 2003 $670,000
Concurrency Mitigation Funds $620,145
7th Street Garage $500,000
RDA Anchor Shops Fund $435,000
RDA Anchor Garage Fund $340,000
911 Emergency Funds $175,047
IBLA Default for Scott Rakow Pmt $165,000
Water & Sewer Bonds 2000S $28,662
Parking Impact Fees -$10,639,406
Total $88,232,692
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