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1- Agenda & Handouts_3-30-23 __________________________________________________________________________________________________ Legend: (P) Planning Phase, (D) Design Phase, (C) Construction Phase, (PN) Pending, (F) Future Tranche General Obligation Bond Oversight Committee City of Miami Beach Karen Rivo, Chair Maria Hernandez, Liaison AGENDA – VIRTUAL MEETING March 30, 2023 I. Roll Call and Introductions All 4:30pm • Announcements • New Members Formal Introductions II. Committee Business Karen Rivo 4:50pm • Adoption of Meeting Minutes from 2-16-23 III. Community Outreach Kevin Pulido 4:55pm • Upcoming / Recent Past Public Meetings & Events G.O. Bonds for Arts & Culture IV. G.O. Bond for Arts & Culture Update 5:00pm a. 3/27/23 Commission Meeting • Grant Agreements & Next Steps MH / RD b. 3/31/23 Finance Committee Meeting • Memo & Updated Workplan MH / JG V. Public Comment Public 5:45pm VI. MB Classical Music Festival 5:55pm • Introduction of the Item (5 Minutes) Maria Hernandez • Presentation (10 Minutes) Michael Rossi 6:00pm • Q & A (10 Minutes) GOB Committee 6:10pm • Deliberations and Recommendation (15 Minutes) GOB Committee 6:20pm 2018 G.O. Bonds VII. 2018 Projects – Critical Updates CIP / Staff 6:35pm VIII. Public Comment Public 6:50pm IX. Adjournment 7:00pm Committee Charge The purpose of the General Obligation Bond Oversight Committee is to make advisory recommendations to the City Manager and City Commission from a macro perspective regarding the timely progress, overall goals, costs, including financial efficiencies, and the timely completion of General Obligation Bond Program projects approved by the voters in the City of Miami Beach. The Committee shall have the following powers & duties: 1. Receive input from the public, the City Administration, City consultants, and the City’s Inspector General, as needed, to make recommendations relative to the overall timing, cost efficiencies, and prioritization of the G.O. Bond Program projects. 2. Provide general oversight to ensure that G.O. Bond Program project timelines, budgets (including cost efficiencies) are prioritized and achieved, and that the projects are completed in accordance with the scope of work approved by the voters. 3. Review City staff and G.O. Bond Program project manager’s progress reports and provide monthly reports to the City Commission. Note: Click on blue hyperlink number to go directly to agenda item. ITEMS RELATED TO G.O. BOND PROGRAM PROJECTS AT VARIOUS CITY COMMISSION & COMMITTEE/BOARD MEETINGS & VIRTUAL PUBLIC COMMUNITY MEETINGS UPCOMING MEETINGS: 3/27/2023 (8:30 am) City Commission Meeting •D ‐ C2 C – Resolution accepting the recommendation of the City Manager, to authorize negotiations relating to request for qualifications No. 2023‐121‐ND. for architectural design services for the 72nd Street Community Complex: authorizing the Administration to enter negotiations with Wannemacher Jensen Architects, Inc. ‐ Deferred •C4 J – Referral to the Finance and Economic Resiliency to discuss budgeting for the production of a documentary to highlight the Arts & Culture G.O. Bond ‐ Approved •C7 C – Resolution to execute Amendment No. 1 to the agreement between the City of Miami Beach and Kaufman Lynn Construction, Inc. for pre‐construction phase services for the new Fire Station No. 1 ‐ Approved •C7 D – Resolution to execute Amendment No. 2 to the Professional Services Agreement between the City of Miami Beach and Wannemacher Jensen Architects, Inc. for architectural and engineering services for the new Fire Station No. 1 ‐ Approved •C7 G – Resolution approving form of Grant Agreement to be executed by organizations receiving grant awards funded from the proceeds of the contemplated General Obligation Bond for Arts & Culture issuance ‐ Approved •R7 B – Resolution adopting the Sixth Amendment to the Capital Budget for Fiscal Year 2024 (Bayshore Park) - Approved •R9 I – Update on relocation of Rainbow Child Care Center - Deferred •R9 Z – Discuss engaging Oolite Arts to program the Rotunda and Collins Park - Deferred 3/30/2023 (2:00 pm) Sustainability Committee Update on project #5 Flamingo Park Master Plan 3/31/2023 (9:30 am) Finance and Economic Resiliency Committee Item 4 – Discussion regarding the Byron Carlyle to discuss exploring different financial and funding models for renovating or building a new Byron Carlyle Theater Item 5 – Discussion with possible action as needed regarding the G.O. Bond for Arts & Culture approved by the voters on November 8, 2022 – 9:30 a.m. Time Certain SECTION III Page 2 of 3 Note: Click on blue hyperlink number to go directly to agenda item. (To be Determined) Brittany Bay Ribbon Cutting @ Brittany Bay Park 4/4/23 (4:00 pm) Maurice Gibb Park Groundbreaking Ceremony @ Maurice Gibb Park *Note: All upcoming items are subject to change. For the most accurate items for each meeting, please review the agendas on the City’s website. Agendas: https://www.miamibeachfl.gov/city‐hall/city‐clerk/agenda‐archive‐main‐page‐2 Meeting Notices: https://www.miamibeachfl.gov/city‐hall/city‐clerk/meeting‐notices/ ____________________________________________________________________________ PAST MEETINGS: 3/21/2023 (4:30 pm) Ad Hoc North Beach CRA Advisory Committee 72nd St Community Complex update Byron Carlyle RFLI update 3/16/2023 (5:00 pm) Mayor’s 41st Street Blue Ribbon Committee 41st Street Market Update – Updated 2/22/2023 (8:30 am) Commission Meeting C2 D – Request for approval to issue Request for Qualifications 2023‐120‐ND Construction Manager at Risk for the 72nd Street Community Complex ‐ Approved C7 A – A resolution approving a modification to the contract awarded at the December 13, 2022 Commission Meeting (Item C2 C) pursuant to invitation to bid ITB 2022‐310‐AY for Bayshore Park to Buslam Company and Partners, Inc. to remove the scope of work and associated cost of the construction of the lake ‐ Deferred C7 D – A resolution accepting the recommendation of the City Manager and approving the selection of Wells Fargo Securities, LLV as Senior Manager, along with Goldman Sachs & Co., LLC and Estrada Hinojosa & company, Inc., as Co‐managers, to provide underwriting services for the Miami Beach Arts & Culture General Obligation Bonds series 2023 ‐ Approved C7 AD – A resolution approving the acquisition by the City of projection mapping projectors and related production equipment to allow for the transmormation of city venues and facilities into immersive performance experiences utilizing funds up to the amount remaining in the General Obligation Bond for Arts & Culture ‐ Approved R7 A – A resolution adopting the 4th Amendment to the General Fund, Enterprise Funds, Internal Service Funds, and Special Revenue Funds budgets for FY 23 – TIME CERTAIN 2:10 p.m. ‐ Approved R7 C – A resolution consenting to the appointment of Jason Greene, as the Chief Financial Officer of the City of Miami Beach – TIME CERTAIN 9:00 a.m. ‐ Approved R7 E ‐ A resolution of the Mayor and City Commission of the City of Miami Beach, Florida, directing the City Administration to install spotlights at the base of the palms located alongside 41st Street in order to illuminate and highlight the palms’ fronds and iconic crowns – Item withdrawn Page 3 of 3 Note: Click on blue hyperlink number to go directly to agenda item. R9 I – Update on relocation of Rainbow Child Care Center (Related to Fire Station 1 GOB Project) – Not heard R9 S – Discussion and update on the Bryon Carlyle – Not heard 02/23/2023 (5:30 pm) Sunset Harbor Neighborhood Association Maurice Gibb Park Update Marine Patrol Facility Update 02/15/2023 (5:30 pm) Parks and Recreational Facilties Advisory Board Meeting General Obligation Bond Oversight Committee Ex Officio Member appointment – Meeting canceled 02/14/2023 (4:30 pm) Ad Hov North Beach CRA Advisory Committee Zoom Meeting Discussion and update on Byron Carlyle – Was not discussed 02/09/2023 (6:00 pm) 41st Street Conceptual Design Hybrid Public Meeting Update on the 41st Street Corridor Revitalization project – Project update presented 02/01/2023 (8:30 am) City Commission C7 B – Resolution approving and authorizing the Mayor and City Clerk to execute Amendment No. 6 to the professional services agreement between the city of Miami Beach and Savino Miller Design studio, P.A. for additional architectural and engineering services at Bayshore Park ‐ Approved C7 D – Resolution approving a modification to the contract awarded at the December 14, 2022 Commission Meeting (Item C2C) pursuant to ITB 2022‐310‐AY for Bayshore Park to Buslam Company and Partners, Inc. – Deferred C7 Y – Resolution directing the City Administration to install spotlights at the base of the palms located alongside 41st Steet in order to illuminate and highlight the palms’ fronds and iconic crowns ‐ Deferred R7 B – Resolution adopting the Fourth Amendment to the FY 2023 Capital Budget ‐ Approved R7 F – Resolution approving the Administration’s recommendation to appropriate up to $1,500,000 from the General Obligation Bondfor Arts & Culture ‐ Approved R9 B – General Obligation Bond Oversight Committee Member appointments ‐ 4 vacancies ‐ Approved R9 L – Update on Relocation of Rainbow Child Care (Related to Fire Station No. 1) ‐ Deferred R9 V – Discussion and update on the Byron Carlyle ‐ Deferred 02/02/2023 (8:30 am) Cultural Arts Council General Obligation Bond Oversight Committee Ex Officio Member appointment – Bruce Carter Appointed MIAMI BEACH City of Miami Beach, 1700 Convention Center Drive, Miami Beach. Florida 33139, www.miamibeachfl.gov COMMISSION MEMORANDUM TO: FROM: DATE: SUBJECT: Honorable Mayor Dan Gelber an4 Members of the City Commission Alina T. Hudak, City Manag£1A '(\ March 27, 2023 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING FORM OF GRANT AGREEMENT TO BE EXECUTED BY ORGANIZATIONS RECEIVING GRANT AWARDS FUNDED FROM THE PROCEEDS OF THE CONTEMPLATED GENERAL OBLIGATION BOND FOR ARTS & CULTURE ISSUANCE; AND FURTHER AUTHORIZING THE CITY MANAGER AND CITY CLERK TO EXECUTE A GRANT AGREEMENT WITH EACH OF THE G.O. BOND GRANTEES WITH THE AMOUNT OF GRANT AWARD AND ADDITIONAL PUBLIC BENEFIT FOR EACH GRANTEE TO BE APPROVED BY THE CITY COMMISSION. BACKGROUND At the July 20, 2022 Commission meeting, the Mayor and Commission approved Resolution No. 2022-32261, authorizing a special election, submitting to the electorate of the City of Miami Beach the question asking whether the City shall be authorized to issue general obligation bonds, not exceeding $159,000,000, to improve facilities for resiliency of arts and cultural institutions throughout the City (the "G.O. Bonds for Arts & Culture"), including museums, performance venues, artistic playgrounds, senior/cultural centers, botanical garden, aquatic sculpture park, and related artist/workforce housing. On November 8, 2022, the voters of the City of Miami Beach approved the issuance of $159 million in Arts and Culture Bonds as follows: For Bonds Against Bonds ANALYSIS 15,142 8,226 64.80% 35.20% Some of the projects that will be funded by the G.O. Bonds for Arts & Culture will require the City to enter into grant agreements with the recipient cultural institutions, and at the November 16, 2022 Commission meeting, the Mayor and Commission approved Resolution No. 2022-32405 directing the Administration and City Attorney's Office to negotiate and secure public benefits for residents of the City as part of the grant agreements. By way of example, the public benefits to be secured by the City in the grant agreements could include public access requirements, discounted tickets to residents and free performances or other activations. 1 SECTION IV Item a. 2 The City Attorney’s office, working with City staff that will be involved in the deployment of the G.O. Bond for Arts & Culture, prepared a form of grant agreement (the “Grant Agreement Template”) to be executed by the cultural arts institutions that will receive grants funded by the G.O. Bond for Arts & Culture. The Grant Agreement Template, a copy of which is attached as Exhibit A to this Resolution, was reviewed and approved by bond counsel and tax counsel. The Office of the Inspector General was afforded the opportunity to provide comments to the Grant Agreement Template. Key provisions in the Grant Agreement Template include the following: •Agreement will establish amount of grant to be funded to the Grantee on a reimbursement basis (amount of each grant will be subject to Commission approval) (Section 1.2) •Grantee is required to provide an additional public benefit in accordance with Resolution No. 2022-32405 (Section 1.3) •City’s obligation to fund contingent upon (a) actual issuance of bonds and (b) continuing permissibility of funding under applicable law (Section 1.4) •Grantee may use grant award solely to pay for capital expenditures; funds may not be used for any other purpose including to pay for operating expenses, ordinary maintenance and repairs (Section 1.5) •For 25 years from completion, Grantee must (a) maintain the Project, (b) keep the Project open to all Miami Beach residents and members of the general public, (c) use the facility improved and/or equipment acquired for the benefit of the Public and (d) allow all Miami Beach residents and visitors equal access and use of the Project (Section 1.5) •Agreement will establish a timeframe for the Grantee to achieve Substantial Completion (Section 1.6) •Agreement will include an exhibit reflecting the Grantee’s total budget, funding sources (including the grant award) and cash flow schedule (Section 2.1) •Grantee solely responsible for cost overruns (Section 2.2) •Grantee must submit reimbursement requests in accordance with a form to be attached as an exhibit, along with supporting documentation (Sections 2.5(a) and (b)) •Grantee must submit monthly and annual status reports throughout the course of the Project (Section 2.5(d) and 2.9) •City Manager may monitor and evaluate Grantee’s operations and the Project (Section 3.1) •City Manager may request return of funds if used for non-Project costs (Section 3.1) •The City Manager has customary audit rights (Section 3.2) •The Office of the Inspector General has customary audit rights (Section 3.3) •The Agreement includes standard insurance and indemnification provisions (Article 4) •The Agreement includes customary legal compliance provisions, including anti- discrimination and public records act requirements (Article 5) •The Agreement includes customary default provisions (Article 6); if Grantee improperly uses Grant funding, the City may require the Grantee to reimburse the City for all grant funding provided, in addition to other remedies CONCLUSION The Administration recommends that the Mayor and City Commission approve the Grant Agreement Template and authorize the City Manager to execute agreements in the form of the Grant Agreement Template with each of the G.O. Bond for Arts & Culture grantees, with the amount of grant award and additional public benefit for each grantee to be approved by the City Commission. 3 Applicable Area Is this a “Residents Right Does this item Utilize G.O. To Know” item, pursuant to Bond Funds? City Code Section 2-17? No Yes Attachment: Exhibit A – Form of G.O. Bond for Arts and Culture Grant Agreement EXHIBIT A FORM OF GRANT AGREEMENT FOR G.O. BOND FOR ARTS & CULTURE GRANTEES Click here to view the Grant Agreement Template City of Miami Beach, 1700 Convention Center Drive, Miami Beach, Florida 33139, www.miamibeachfl.gov COMMITTEE MEMORANDUM TO: Members of the Finance and Economic Resiliency Committee FROM: Alina T. Hudak, City Manager DATE: March 31, 2023 SUBJECT: A DISCUSSION WITH POSSIBLE ACTION AS NEEDED REGARDING THE G. O. BONDS FOR ARTS AND CULTURE APPROVED BY THE VOTERS ON NOVEMBER 8, 2022 BACKGROUND At the July 20, 2022 Commission meeting, the Mayor and Commission approved Resolution 2022-32261, authorizing a special election, submitting to the electorate of the City of Miami Beach the question asking whether the City shall be authorized to issue general obligation bonds (GOB) , not exceeding $159,000,000, to improve facilities for resiliency of arts and cultural institutions throughout the City, including museums, performance venues, artistic playgrounds, senior/cultural centers, botanical garden, aquatic sculpture park, and related artist/workforce housing. On November 8, 2022, the voters of the City of Miami Beach approved the issuance of $159 million in Arts and Culture Bonds as follows: For Bonds 15,142 64.80% Against Bonds 8,226 35.20% Since November 8, 2022, City staff has been working internally and with the institutions to be funded from the proposed 2023 Arts and Culture bonds proceeds to evaluate and refine roles and responsibilities, timing of funding needs, etc., while at the same time, preparing the documents needed by Bond Counsel to evaluate the taxable versus tax- exempt status of each project. The latter is essential as to whether the bonds to be issued will be taxable, tax-exempt or a combination. On November 16, 2022, the Commission referred a “Discussion With Possible Action As Needed Regarding The G. O. Bonds For Arts And Culture Approved By The Voters On November 8, 2022”. At the January 27, 2023 Finance and Economic Resiliency Committee Meeting, the Administration provided an update including the following: •Overview of Projects •Why this bond issue is different from other city issues •Tax-exempt vs. taxable bond issue •Potential issues for determining tax-exempt debt Item b. •Potential impacts of 2 tranches •Potential options for debt structure and number of bonds issues •Timeline for bond issuance – Summer 2022 •Impact of the Arts and Culture GOB and other bond issues on and property owners •Using $1.5 million of the Miscellaneous Category to fund the Collins Park Performing Arts Venue Rotunda Project The Committee recommended funding $1.5 million from the Miscellaneous Category for the Collins Park Performing Arts Venue Rotunda Project, which was subsequently approved by the Mayor and Commission at their February 1, 2023 Commission meeting. The Committee directed that this item be brought back to the Committee in March with recommendations for Tranche 1 funding and an evaluation of the breakdown between taxable and tax-exempt components. ANALYSIS In determining the Tranche 1 recommended funding, the Administration evaluated cash flow needs based on schedules created for each of the City owned facilities and information provided by institutions for projects that will not be managed by the City. This approach allows for only the necessary funding to be included in Tranche 1, and therefore reduces initial taxes paid by property owners with tax increases phased in over time. The table included as Attachment 1 herein reflects the results of the analysis and recommended funding for Tranche 1. It is important to note the New World Symphony, Holocaust Memorial, and Miami Beach Hispanic Community Center (Coral Rock House) were treated as City facilities to be managed by the City (either because they were on land leased from the City or because they were combined with a City facility as one project) and, therefore, the total costs assigned to each project included: •General Contractor bond fees, overhead and profit •Permit Fees •Project Management by the City •Program Oversight by the City •“Owner’s” Contingency. It has since been determined that these projects will not be managed by the City, but rather by each respective entity. As such, the recommended grant amounts have been adjusted to remove costs that are not considered capital costs such as City project management and program oversight, as they cannot be capitalized to a City project. Further, the 15% “owners” contingency, is excluded from Tranche 1, at this time, pending further analysis by bond counsel and the City’s financial advisor. By definition, use and cash flow for this contingency is unknown at this time. The total of “owner’s” contingency for all three of these grants is $1.66 million. In the event these grantees determine a need for contingency as they implement their projects, the City may fund the determined amount in advance of Tranche 2, as necessary, with a formally approved “Intent to Reimburse”. Further, funding recommendations for the Miami Beach Classical Music Festival is yet to be finalized. At the February 2023 Commission meeting, the Mayor and Commission approved use of the Miscellaneous funding category for the Miami Beach Classical Music Festival but referred the determination of the amount of funding to the GOB Oversight Committee to recommend the level of funding. The GOB Oversight Committee is scheduled to review at their March 30, 2023 meeting. In concert with the analysis of Tranche 1 funding recommendations, bond counsel has been evaluating the tax-exempt versus taxable components of the projects in the bond issue. This analysis takes into account the following factors: • Tax-exempt Bonds – May be issued by and used to finance capital expenditures for facilities owned, operated, and used by a state or local governmental entity or qualified non-governmental entity, depending on: 1. The type of tax-exempt bond that is issued; 2. The type of use by non-governmental entity; and 3. Whether the proceeds are treated as a grant to the non-governmental entity for federal income tax purposes. • Taxable Bonds– May be issued to finance capital expenditures for facilities that do not qualify for tax-exempt bonds due to several factors such as amount of private use, private ownership or type of project being financed. • Tax-exempt status - Dependent upon compliance with certain rules and regulations during the term of the tax-exempt bonds or bonds issued to refinance such bonds, if any. Failure to comply with such rules and regulations can cause the tax-exempt bonds to be determined as a taxable bond retroactively to the date of issuance. After issuance, if any projects are deemed taxable, it may be difficult or expensive to refinance tax-exempt bonds. Attachment 2 presents the estimated tax-exempt and taxable components of the Tranche 1 recommended issue. This continues to be refined and will be finalized prior to the bond issuance. The estimated annual impact to property owners for the issuance of Tranche 1 is $15 per $100,000 of taxable value. CONCLUSION The Administration recognizes that the Art and Culture bonds projects will be transformative to Miami Beach. They will significantly elevate our museums, performance venues, artistic playgrounds, senior/cultural centers, botanical garden, the future aquatic sculpture park and related artist/workforce housing. As such, it is recommended that the Tranche 1 project funding be forwarded to the April 28, 2023 Commission meeting for hearing and approval. This will allow for sale of the bonds and receipt of proceeds by summer 2023, resulting in timely implementation of the projects. Attachment 1: Tranche 1 Table Attachment 2: Tranche 1 Tax-exempt and taxable debt ATTACHMENT 1 CITY OF MIAMI BEACH G.O. BOND for ARTS and CULTURE ALL FACILITIES Total Amounts (approved July 2022) Ownership Structure Grant Agreement Amounts Project Execution By: *Quick Wins Shovel Ready **Tranches Tranche 1 1 Bass Museum of Art 20,100,000$ City Owned -$ FM / CIP Yes (CRR) No 1,2 10,589,000$ 2 Miami City Ballet 12,000,000 City Owned - FM / CIP Yes (CRR) No 1 12,000,000 3 Miami City Ballet - Workforce Housing 4,000,000 Dev & Ground Lease 4,000,000 Servitas No Possibly 1 4,000,000 4 Fillmore Miami Beach 29,100,000 City Owned - CIP No No 1,2 12,406,000 5 Colony Theater 7,480,000 City Owned - FM Yes (CRR) No 1,2 4,100,000 6 Miami Beach Botanical Garden 6,270,000 City Owned - FM / CIP Yes (CRR) No 1 6,270,000 7 Art Deco Welcome Center 1,420,000 City Owned - FM / CIP Yes (CRR) No 1 1,420,000 8 New World Symphony 5,700,000 Ground Lease 4,388,000 NWS Yes Yes 1 4,388,000 9 Holocaust Memorial Miami Beach 7,150,000 Lease 5,920,000 Skyline No No 1 5,920,000 10 Byron Carlyle Theater 30,570,000 City Owned - CIP No No 1,2 10,591,000 11 North Beach Oceanfront Center (UNIDAD)1,183,000 City Owned - FM Yes (CRR) No 1 1,183,000 12 MB Hispanic Community Center (Coral Rock House)767,000 Not City Owned 635,000 UNIDAD Yes Yes 1 635,000 13 Collins Park Cultural Center (Miami New Drama)7,670,000 City Owned - CIP No No 1 7,670,000 14 Miami Beach Bandshell 3,770,000 City Owned - CIP No No 1 3,770,000 15 The Wolfsonian - FIU 5,000,000 Not City Owned 5,000,000 FIU No No 1 5,000,000 16 The Jewish Museum of Florida - FIU 750,000 Not City Owned 750,000 FIU Yes Yes 1 750,000 All Facilities Total 142,930,000$ 20,693,000$90,692,000$ OTHER PROJECTS Total Amounts (approved July 2022) Ownership Structure Grant Agreement Amounts Project Execution By: *Quick Wins Shovel Ready **Tranches Tranche 1 17 Artistic Playgrounds 3,835,000$ City Owned -$ Parks Yes (Portion) Yes 1 3,835,000$ 18 Aquatic Sculpture Park 5,000,000 State Land - CIP or TBD Yes (Phase 1) Possibly 1,2 2,000,000 19 Misc. A & C: Collins Park Rotunda 1,500,000 City Owned - CIP No Yes 1 1,500,000 20 Misc. A & C: MB Classical Music Festival ***1,500,000 City Owned - FM or TBD Yes N/A 1 1,500,000 21 Workforce Housing for Cultural Institutions 4,000,000 TBD - TBD TBD TBD 2 - Other Projects Total 15,835,000$ -$ $8,835,000 Tranche 1 Total 99,527,000$ T1 % of Total Bond 62.6% Tranche 2 Total 59,238,000$ T2 % of Total Bond 37.3% TOTAL 158,765,000$ 20,693,000$ 158,765,000$ GRAND TOTAL (Rounded Up)159,000,000$ * CRR refers to Capital Renewal & Replacement Projects ** Tranche 2 Notes: #1 Bass Museum of Art: Expansion construction approximately 45% complete in T1. Remaining in T2. #4 Fillmore Miami Beach: Construction approximately 40% complete in T1. Remaining in T2. #5 Colony Theater: T2 scope requires completion of Collins Park Cultural Center space. #10 Byron Carlyle: Construction approximately 25% complete in T1. Remaining in T2. #21 Workforce Housing for Cultural Institutions: Undetermined Projects go to T2. *** Misc. A&C: MB Classical Festival: exact amount to be recommended by the GOB Oversight Committee on March 30. #18 Aquatic Sculpture Park: First deployment completion, phase 2 permitting and possible additional deployments in T1. Remainder of deployments in T2. TRANCHE 1 SUMMARY T1 T1 T1 Grant Ref No. Projects Taxable Tax - exempt Total Amount 1 Bass Museum of Art 10,589,000$ -$ 10,589,000$ -$ 2 Miami City Ballet 12,000,000 - 12,000,000 - 3 Miami City Ballet - Workforce Housing - 4,000,000 4,000,000 4,000,000 4 Fillmore Miami Beach 12,406,000 - 12,406,000 - 5 Colony Theater 4,100,000 - 4,100,000 - 6 Miami Beach Botanical Garden 3,492,000 2,778,000 6,270,000 - 7 Art Deco Welcome Center - 1,420,000 1,420,000 - 8 New World Symphony - 4,388,000 4,388,000 4,388,000 9 Holocaust Memorial Miami Beach - 5,920,000 5,920,000 5,920,000 10 Byron Carlyle Theater 10,591,000 - 10,591,000 - 11 North Beach Oceanfront Center (UNIDAD)- 1,183,000 1,183,000 - 12 MB Hispanic Community Center (Coral Rock House)- 635,000 635,000 635,000 13 Collins Park Cultural Center (Miami New Drama)7,670,000 - 7,670,000 - 14 Miami Beach Bandshell - 3,770,000 3,770,000 - 15 The Wolfsonian - FIU - 5,000,000 5,000,000 5,000,000 16 The Jewish Museum of Florida - FIU - 750,000 750,000 750,000 17 Artistic Playgrounds - 3,835,000 3,835,000 - 18 Aquatic Sculpture Park - 2,000,000 2,000,000 - 19 Misc. A & C: Collins Park Rotunda 1,500,000 - 1,500,000 - 20 Misc. A & C: MB Classical Music Festival **1,500,000 - 1,500,000 - 21 Workforce Housing for Cultural Institutions - - - - 63,848,000$ 35,679,000$ 99,527,000$ 20,693,000$ Percentage of T1 64.2%35.8%20.8% Percentage of total Art and Culture G.O Bonds $159,000,000 62.6% ** Misc. A&C: MB Classical Festival: exact amount to be recommended by the GOB Oversight Committee on March 30. ATTACHMENT 2 CITY OF MIAMI BEACH G.O. BONDS for ARTS and CULTURE DEBT STRUCTURE ONLY FOR TAXABLE AND TAX-EXEMPT DEBT IN TRANCHE 1 Projection Mapping SECTION VI A Message From Michael Rossi Founder And Artistic Director Dear Esteemed Patron, Thank you for your consideration of becoming involved in the Miami Music Festival. Our mission is to provide affordable, world-class musical instruction and innovative performance experiences to young artists, and we are excited that you are considering joining us. MMF’s goal is to continuously push the boundaries of live theater performances to engage future generations of classical music lovers through cutting edge technology. In July 2022, MMF produced a groundbreaking production of Das Rheingold by Richard Wagner in a never-before-seen audiovisual experience. Audience members were completely immersed in the scenes of the opera with 360-degree projections using state-of-the-art projection mapping technologies. It was the first time an opera was combined with innovative projection mapping technology to bring music into the modern era. The potential programming from our adaptation of projection mapping technology is limitless - ranging from outdoor park concerts to full-scale opera performances and more immersive experiences. The ability to use building facades and other outdoor venues reduces barriers to access and allows community members of all ages and backgrounds to attend. Using new state-of-the-art technology, we can blend different artistic genres and forms to provide enticing experiences for a wide variety of attendees. We are proud of MMF’s overwhelming success in pioneering new ways to present classical music and eagerly look to the future as we explore the limits of our imaginations. We hope that you will join us. Sincerely, Michael Rossi Artistic Director and Founder Miami Music Festival “Most amazing production EVER! Incredible 65 piece orchestra, professional opera singers and a Conductor who inspires everyone to be their absolute best!” - Anne Kline, Opera Ambassador for the Washington National Opera, National Committee of the Performing Arts Member for the John F. Kennedy Performing Arts Center. 360° IMMERSIVE OPERA THE FIRST OF ITS KIND Projection mapping is a technological innovation that overlaps video onto all surfaces in a given space, turning ordinary objects - such as stages, buildings, and roads - into interactive displays. Every surface can become a canvas, with graphic projections that play off the surface’s shape and textures to create a delightful experience of light and illusion. In indoor theater settings, audiences sit in the center of a room with continuous 360-degree graphic display wrapped around the room, coming to life as they interact with performers and other production elements. What is Projection Mapping? A moveable image can travel the full scope of the landscape where an element such as a horse can gallop around the entire room similar to the Van Gogh Immersive Experience. Since its 2013 inception, Miami Music Festival (MMF) has been proud to establish Miami Beach as a premier destination for elite young classical musicians to train and perform. While the next generation of classical artists come to Miami Beach to receive in- struction from an assembly of world-class faculty, the community benefits from accessible public concerts featuring top talent along- side many of classical music’s greatest living performers in reper- toire rarely heard in South Florida. After unprecedented growth in its nine years, MMF continues to build on its success by expanding programming, increasing community outreach, and creating unique classical opportunities that bring pride to our vibrant and cultured city. About MMF MMF 2022 production of A Midsummer Night’s Dream at the Faena Forum.Images from MMF’s performance of Das Rheingold using state-of-the-art projection mapping technology. SOLD-OUT PERFORMANCESOLD-OUT PERFORMANCE Future Projection Mapping Experiences Projection Mapping Technology has the capability of rebranding and revitalizing the performing arts to be more accessible to all generations. 360° Immersive Productions Each year, MMF will create new, immersive productions to be premiered in Miami Beach before being packaged and performed in various venues across the United States. Productions will take place at various venues in Miami Beach as part of our annual summer music festival. MMF can also adapt the technology to various performance ensembles, including Ballet Productions, Symphony Concerts, and Broadway Shows. Expansion to other cities Outdoor Parks and Building Performances Like the Van Gogh Immersive Experience, which is now in 29 cities across the United States, MMF Projection Mapped performances can be reproduced in various spaces across the country with different opera production companies. Using projections as the main scenery and design elements, the production is highly mobile and a lower-cost option than traditional operatic productions with full scenic sets. In coordination with the City of Miami Beach, MMF will bring arts and music out of the concert hall and into the community by creating free, immersive concert experiences using the facades of any building in the City of Miami Beach. Each building facade can become an interactive display, transforming the entire city into an audiovisual arts display. Miami Music Festival The Betsy Hotel 1440 Ocean Drive Miami Beach, FL 33139 relationsmmf@miamimusicfestival.com miamimusicfestival.com Miami Beach Classical Music Festival Go Bond Proposal Proposed Project and Objective Funds will be used by the Miami Beach Classical Music Festival (MBCMF) to invest in projection mapping projectors and production equipment, including stage, lighting, and audio, to transform (potentially all) City of Miami Beach venues and facilities into immersive performance experiences for audiences. Normandy Fountain, Lummus Park, Collins Park, Pride Park, The North Beach Bandshell, our historic Art Deco District Facades, and the dunes all instantly become performance venues for the benefit of all Miami Beach residents and visitors. MBCMF will bring arts and music out into the community with access to free immersive concert experiences for City of Miami Beach audiences. To best understand the vision of Projection Mapping and concept design, please review the following links: https://miamimusicfestival.com/immersive-opera-experiences Valentine's Day Performance Highlights Immersive Hansel and Gretel Immersive Die Walkure Experience: Magic Fire Music Organization Background The mission of the Miami Beach Classical Music Festival is to provide affordable, world-class musical instruction and ground-breaking performance experiences to young artists and the South Florida region. Since its 2013 inception, Miami Beach Classical Music Festival (MBCMF) has been proud to establish Miami Beach as a premier destination for young classical musicians to train and perform. While the next generation of classical artists come to Miami Beach to receive instruction from an assembly of world-class faculty, the community benefits from accessible public concerts featuring top talent alongside many of classical music’s greatest living performers in repertoire rarely heard in South Florida. After unprecedented growth in its nine years, MBCMF continues to build on its success by expanding programming, increasing community outreach, and creating unique classical opportunities that bring pride to our vibrant and cultured city. Use of Funds Funds will be used to invest in projection mapping projectors and production equipment, including stage, lighting, and audio, to transform common City of Miami Beach venues and facilities into fully immersive concert arts experiences for audiences. MBCMF will bring arts and music out into the community with access to free immersive experiences for City of Miami Beach audiences. Projection mapping is a technological innovation that overlaps video onto all surfaces in a given space, turning ordinary objects - such as stages, buildings, and roads - into interactive displays. Every surface can become a canvas, with graphic projections that play off the surface’s shape and textures to create a delightful experience of light and illusion. In indoor theater settings, audiences sit in the center of a room with continuous 360- degree graphic display wrapped around the room, coming to life as they interact with performers and other production elements. A moveable image can travel the full scope of the landscape where an element such as a horse can gallop around the entire room similar to the Van Gogh Immersive Experience. Outdoor projects will include converting an entire city block into a virtual landscape by using multiple buildings as an interactive backdrop. MBCMF’s projections combined with a full symphonic orchestra and singers will create an audiovisual narrative where the video is combined with or triggered by live music from our performances. MBCMF is SECTION VI Miami Beach Classical Music Festival working with the City Manager’s office to find a suitable City location for the storage and maintenance of the equipment. Estimated Project Timeline Project is ready to begin upon receipt of funds from the GO Bond, with completion in 6 months. Benefit to Taxpayers These improvements will further enhance the image of Miami Beach as a sophisticated artistic destination, increasing residents' quality of life by providing unique indoor and outdoor cultural activations throughout the community. The potential programming from these improvements is limitless - ranging from weekly parks concerts to full scale opera performances and more immersive experiences. The ability to use building facades and other outdoor venues reduces barriers for access and allows community members of all ages and backgrounds to attend. By using new, state-of-the-art technology we can blend different artistic genres and forms to provide enticing experiences for a wide variety of attendees. If GO Bond is not successful, how will improvements be funded. How do the capital requests compare to past fundraising efforts? Without GO Bond Funding, the proposed improvements will not be funded. Through grant funding MBCMF is likely to present a smaller, scaled-down version of these improvements only in private, indoor settings. Go Bond Budget Categories Name Price per Unit Platinum Quantity Platinum Total Gold Quantity Gold Total Silver Quantity Silver Total Christie Griffyn 50k lumen Projector $150,000 4 $600,000 0 $0 0 $0 Christie 1.31 -1.63 Zoom Lens (Boxer 2K20, 2K30, 4K30 / $8,550 4 $34,200 0 $0 0 $0 Christie Rigging Frame $2,750 4 $11,000 0 $0 0 $0 Christie M 4K25 Projectors $65,000 4 $260,000 10 $650,000 10 $650,000 Christie M-Series lens HD .67-SD $5,495 4 $21,980 10 $54,950 10 $54,950 Christie Rigging Frame $2,750 4 $11,000 10 $27,500 10 $33,000 M series ceiling mounts $550 4 $2,200 10 $5,500 10 $5,500 Christie Pandora’s Box $70,000 1 $70,000 1 $70,000 1 $70,000 LED Wall (96 Panels) $54,000 5 $270,000 5 $270,000 0 $0 EXECUTIVE TRI-HEIGHT MOBILE FOLDING STAGE $1,613 24 $38,712 24 $38,712 24 $38,712 JBL PA SYSTEM $43,000 1 $43,000 1 $43,000 1 $43,000 Digital Mixer $37,923 1 $37,923 1 $37,923 1 $37,923 Chauvet ColorDash (R&L) $735 20 $14,700 20 $14,700 20 $14,700 Front Stage Wash $235 10 $2,350 10 $2,350 10 $2,350 Generac® Mobile Towable Diesel Generator, 36 kW/45 kVA (Prime), Trailer-Mounted, MMG45IF4-STD3 $20,500 1 $20,500 1 $20,500 1 $20,500 MISC Cabling $5,000 1 $5,000 1 $5,000 1 $5,000 White Muslin Screens (65 Yards Per Screen) $12,012 4 $48,048 4 $48,048 4 $48,048 Truss System $340 27 $9,180 27 $9,180 27 $9,180 Total $1,499,793 $1,297,363 $1,032,863 Name Price per Unit Platinum Quantity Platinum Total Gold Quantity Gold Total Silver Quanity Silver Total Link Christie Griffyn 50k lumen Projector 150,000$ 4 $600,000 0 $0 0 $0 https://www.bhphotovideo.com/c/search?Ntt=christie%20griffyn%204k50&N=0&InitialSearc h=yes&sts=ps Christie 1.31 -1.63 Zoom Lens (Boxer 2K20, 2K30, 4K30 / 8,550$ 4 $34,200 0 $0 0 $0 Christie Rigging Frame 2,750$ 4 $11,000 0 $0 0 $0 Christie M 4K25 Projectors 65,000$ 4 $260,000 10 $650,000 10 $650,000 https://www.bhphotovideo.com/c/product/1690648- REG/christie_163_044109_01_m_4k25_rgb_25_000_lumen_3dlp.html?gclid=Cj0KCQiAyracBh DoARIsACGFcS7wIBKe5W7rhxkmdyahGahGA8V9xMA5R- ZPuLtVM5RN5RWgpX2k7mwaAiAiEALw_wcB Christie M-Series lens HD .67 - SD 5,495$ 4 $21,980 10 $54,950 10 $54,950 Christie HD Projection ILS 1.1:1/1.2:1 Fixed Lens 118-100117-01 (bhphotovideo.com) Christie Rigging Frame 2,750$ 4 $11,000 10 $27,500 10 $33,000 M series ceiling mounts 550$ 4 $2,200 10 $5,500 10 $5,500 Christie M Series Projector Ceiling Mount Accessory (prolightingsupply.com) Christie Pandora’s Box 70,000$ 1 $70,000 1 $70,000 1 $70,000 https://www.christiedigital.com/products/media-servers-and-players/pandoras-box- server/overview LED Wall Cases 12 CASES PER UNIT LED Wall (96 Panels)54,000$ 5 $270,000 5 $270,000 0 $0 https://ledmarketusa.com/led-video-wall-outdoor-19-7-x-13-1-p3-91mm-novastar-turn-key/ EXECUTIVE TRI-HEIGHT MOBILE FOLDING STAGE 1,613$ 24 $38,712 24 $38,712 24 $38,712 https://www.thestagedepot.com/ProductDetails.asp?ProductCode=SDFSFP JBL PA SYSTEM 43,000$ 1 $43,000 1 $43,000 1 $43,000 https://www.sweetwater.com/store/detail/SRX910LABun--jbl-srx910la-8-powered-line-array- 4-powered-subwoofer-ground-pa-system Digital Mixer 37,923$ 1 $37,923 1 $37,923 1 $37,923 https://www.sweetwater.com/store/detail/Vi2000--soundcraft-vi2000-digital-mixer Chauvet ColorDash (R&L) $735 20 $14,700 20 $14,700 20 $14,700 https://www.bhphotovideo.com/c/product/928073- REG/chauvet_colordashparquad18_colordash_par_quad_18.html?gclid=Cj0KCQiAyracBhDoA RIsACGFcS7yhpLKrrHlfy0aocWjYFTeiOETWLIoZzyGE_TpZr7hTwzcQ9lbk0EaAhzLEALw_wcB Front Stage Wash $235 10 $2,350 10 $2,350 10 $2,350 https://www.sweetwater.com/store/detail/COLORBandQ3BT--chauvet-dj-colorband-q3-bt- rgba-led-bar Generac® Mobile Towable Diesel Generator, 36 kW/45 kVA (Prime), Trailer-Mounted, MMG45IF4-STD3 $20,500 1 $20,500 1 $20,500 1 $20,500 https://www.usabluebook.com/p-372735-generacregmobile-trailer-mounted-generator- mmg25if4-std3.aspx MISC Cabling $5,000 1 $5,000 1 $5,000 1 $5,000 White Muslin Screens (65 Yards Per Screen) $12,012 4 $48,048 4 $48,048 4 $48,048 https://www.rosebrand.com/product3948/Muslin-Tight-Weave-26-10-39-8-Extra-Wide- White-FR.aspx?tid=2&info=muslin Truss System $340 27 $9,180 27 $9,180 27 $9,180 https://www.sweetwater.com/store/detail/SQ4111--global-truss-sq-4111-box-truss-straight- segment-1.5-meters Total $1,499,793 $1,297,363 $1,032,863