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HomeMy WebLinkAbout534-2006 RDA Reso RESOLUTION NO. 534-2006 A RESOLUTION OF THE CHAIRMAN AND MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY, APPROPRIATING THE MIAMI BEACH REDEVELOPMENT AGENCY CAPITAL BUDGET FOR FISCAL YEAR 2006/07 AND ADOPTING THE CAPITAL IMPROVEMENT PLAN FOR FISCAL YEARS 2007-2011. WHEREAS, the 2007-2011 Capital Improvement Plan (CIP)forthe 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 CI P 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 2007 through 2011; and WHEREAS, the Proposed Capital Budget for FY 2006/07 includes thirteen projects totaling $20,898,057, recommended for appropriation in conjunction with the FY 2006/07 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 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. 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 2006/07 and adopt the Capital Improvement Plan for Fiscal Year 2007-2011. This resolution shall take effect immediately upon its adoption. PASSED AND ADOPTED THIS 21st DAY OF September ,2006 ~yrCu~ SECRETARY Robert Parcher ~PROIIED"lO . FORM & LANGUAGI! Jerry Libbin & fOR EXECUTION ~ - ~J:l~ ~~~ Genei'8I CounIeI yy '\ \ COMMISSION ITEM SUMMARY Condensed Title: 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 2006/07 and ado tin the Ca itallm rovement Plan for Fiscal Years 2006/07 throu h 2010/11 Issue: Should the Chairman and Members of the Miami Beach Redevelopment Agency, adopt and appropriate the Miami Beach Redevelopment Agency Capital Budget for Fiscal Year 2006/07 and adopt the Capital Improvement Plan for Fiscal Years 2006/07 through 2010/11? Item Summary/Recommendation: The FY 2006/07 - 2010/11 CIP for the City of Miami Beach and the RDA is a five year plan for public improvements and capital expenditures by the City and the RDA. This document is an official statement of public policy regarding long-range physical development in the City of Miami Beach and the RDA. The approved Capital Improvement Plan has been updated to include projects that will be active during the fiscal years 2006/07 through 2010/11. 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. The Proposed Capital Budget for F'? 2006/07 for the RDA totals $20,898,057 and includes 13 projects recommended for appropriations in conjunction with the FY 2006/07 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 budQet. Adviso Board Recommendation: On September 14,2006 the Proposed Capital Budget and updated Capital Improvement Plan was discussed at a joint meeting of the Finance and Citywide Projects Committee and the General Obli ation Bond Oversi ht Committee. Account Center RDA Approved City Clerk's Office Legislative Tracking: I Si n-Qffs: Department Director Assistant City Manager m ,.,. MIAMI BEACH AGENDA ITEM DATE Ie 9-:;'/- 0' e MIAMI BEACH City of Miami Beach, 1700 Convention Center Drive, Miami Beach, Florida 33139, www.miamibeachfl.gov COMMISSION MEMORANDUM FROM: Chairman David Dermer and Members of the Miami Beach Redevelopment Agency Jorge M. Gonzalez, Executive Director 9 --D September 21 , 2006 () TO: DATE: SUBJECT: 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 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's Redevelopment District (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. The RDA 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 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 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 City Commission Memorandum Resolution Adopting FY 2006/07 Capital Budget and FY 2006/07 - 2010/11 CIP for the RDA September 21,2006 Page 2 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. 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 - 2010/11 CIP for the City of Miami Beach and the RDA is a five year plan for public improvements and capital expenditures by the City and the RDA. This document is an official statement of public policy regarding long-range physical development in the City of Miami Beach and the RDA. The approved Capital Improvement Plan has been updated to include projects that will be active during the fiscal years 2006/07 through 2010/11. 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 Budget The Proposed Capital Budget for the RDA distributed September 8 2006 for FY 2006/07 totaled $20,898,057 and included 13 projects and capital equipment acquisitions recommended for appropriation in conjunction with the FY 2006/07 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. City Commission Memorandum Resolution Adopting FY 2006/07 Capital Budget and FY 2006/07 - 2010/11 CIP for the RDA September 21,2006 Page 3 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. CONCLUSION: The Administration recommends adoption of the attached Resolution, which establishes the Capital Budget for the RDA for Fiscal Year 2006/07and the Capital Improvement Program for Fiscal Years 2006/07 - 2010/11.