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LTC 298-2023 G.O. Bond Program - Project Implementation Update No. 28MIAMI BEACH OFFICE OF THE CITY MANAGER LTC# LETTER TO COMMISSION TO: FROM: DATE: Honorable Mayor Dan Gelber and Members of the City Commission Alina T. Hudak, City Mana~ June 29, 2023 (Jf'. . SUBJECT: G.O. Bond Program - Project Implementation Update No. 28 The purpose of this Letter to the Commission ("LTC") is to advise you on the status of the implementation of the 44 General Obligation Bond (G.O. Bond) Projects approved by the City Commission for the first tranche of funding (Tranche 1) in the amount of $152,466,449 including issuance costs. Refer to attached Exhibit A and A1 for the meeting agendas which took place with the G.O. Bond Oversight Committee ("the Committee") on May 24, 2023 and June 22, 2023. The following information includes excerpts from both meetings. For complete meeting agendas, handouts, minutes, presentations, and audio recordings, visit the website www.GOMBinfo.com and click on the Oversight Committee tab to see Meeting Records. IMPLEMENTATION STATUS - 2018 BONDS Project Dashboard and Program Progress Report As of June 16, 2023, a total of 32 out of 44 Tranche 1 projects are in some form of "Active" status and 11 projects are completed. Chart 1 below shows the full breakdown by Category. Chart 1 PROJECT ACTIVITY Tranche 1 44 Complete 11 Active 32 - Future 13 • 98% of all Tranche 1 Projects are Complete or Active= 43 PROJECT CATEGORY Parks Infrastructure Public Safety All PROJECT Complete 11 STATUS Active 12 10 10 32 Pending 0 Future 9 13 All 30 14 13 57 298 - 2023 G.O. Bond Program - Project Implementation Update No. 28 June 28, 2023 Page 2 of 5 Approximately $59.7 million have been expended and another $23.9 million are encumbered for a total of $83.6 million out of the $151.1 million of available Tranche 1 funds. Chart 2 below shows the full breakdown of the expenditures broken down by Category. Chart 2 Tranche 1 Progress Most of the 44 projects in Tranche 1 have different components which are considered distinct projects, or “subprojects”, that are tracked separately and have separate budgets, procurement, and implementation schedules. The Tranche 1 Subproject Activity Summary depicted in Charts 3 and 4 summarize the subproject activity into Status, Category and Funding amount. Subproject Tracking Summary by Phase The tracking summary indicates that 43 (49%) of the 88 total Tranche 1 subprojects have been completed, 11 (13%) are under construction, 24 (27%) are in a design phase, 6 (7%) are in a planning phase, and 4 (5%) are pending to become active. Chart 3 on the following page shows the status of all subprojects broken down by Phase and Category. G.O. Bond Program - Project Implementation Update No. 28 June 28, 2023 Page 3 of 5 Chart 3 The total expenditures funding summary for each of the subproject categories on Chart 4 below indicates that as of June 16, 2023, the 43 completed subprojects equate to $36 million of the budget (24%), $26.6 million (18%) equate to subprojects under construction, $65 million (43%) equate to subprojects that are in the design phase, $19 million (13%) equate to subprojects that are in the planning phase, and a total equating to $4.5 million (3%) are for subprojects which are pending to become active. For a full breakdown, by project, refer to attached Exhibit B. Chart 4 G.O. Bond Program - Project Implementation Update No. 28 June 28, 2023 Page 4 of 5 Subproject Progress Chart 5 below compares the status of subprojects from previous months to the current month, dating back to October 2019. Chart 5 Construction Commencements for 2023 A summary graph of all projects proposed to commence construction during the 2023 calendar year was reported. Refer to Exhibit C. Cash Flow Projections At the May 24, 2023 Oversight Committee Meeting, the Administration reported on the status of cash flow projections. The projections were presented under the three separate bond categories, Parks, Infrastructure, and Public Safety, and are attached as Exhibit D. The projections estimate the timing of the issuance of Tranche 2 bonds and forecast the number of projects and sub-projects anticipated to be completed under Tranche 1. In summary the slippage of time for the issuance of Tranche 2 bonds, since the last forecast in 2022 and under the three bond categories (based on current project schedules), is between 4 and 7 months. Per the current cash flow analysis, it is anticipated that an additional 16 projects/sub- projects will be completed prior to the issuance of Tranche 2 bonds, bringing the anticipated total to 59 projects/sub-projects out of 88 in Tranche 1. Tranche 1 Projects Update The following Tranche 1 project updates were discussed at the May 24th and June 22nd meetings. Refer to Exhibit E for further details and information for each of the following: #01 72nd St. Community Complex #05 Flamingo Park Master Plan #15 PAR 3 / Bayshore Park #18 Scott Rakow Ice Rink Floors #23 Pedestrian Bridge #29 West Lots #31 Ocean Drive Corridor/Lummus Park #42 Bayshore South Traffic Calming #43 23 St. Streetscape Improvements & Chase Ave/34 Street Shared Use Path #45 Fire Station #1 #48 Police HQ Facility #54 Marine Patrol Facility G. 0. Bond Program - Project Implementation Update No. 28 June 28, 2023 Page 5 of 5 G.O. BOND FOR ARTS & CULTURE Since May 18", Staff has conducted meetings on a regular basis with cultural institutions to provide information in advance of Commission and Committee meetings. Members of each institution also attend G.O. Bond Oversight Committee meetings and are given the opportunity to speak at the meetings. These group meetings will continue until the bond funds are appropriated. Overview and Next Steps At the May 24" Oversight Committee Meeting, the Administration reported that the first reading public hearing for the issuance of the bonds was approved at the May 17 City Commission Meeting. At the June 24" Oversight Committee Meeting, the Administration reported that the Tranche 1 second reading public hearing on the issuance of the bonds will be presented at the June 28" City Commission meeting. Additional information regarding other items on the June 28" Commission Agenda were also discussed. Items anticipated for the July 26" Commission agenda were also discussed including a capital budget amendment incorporating all Arts & Culture projects/subprojects and an amendment to the grant agreement which would facilitate the advancement of funds to the individual grantees, allowing the prompt commencement of grant projects once the funding is in place. Refer to Exhibit F for bond issuance timeline and milestone summary. COMMUNITY INFORMATION AND OUTREACH The Administration continues to perform public information and outreach activities through various community meetings, Constant Contact emails, direct mailings, publications, social media platforms. Please see attached Exhibit G to view recent materials. The Administration held a ceremony for the reopening of Brittany Bay Park in North Beach. The park is part of the ongoing Resilient Seawalls and Living Shorelines project (GO#39), which is a $10 million citywide G.O. Bond project. An advisory was sent through NextDoor and Constant Contact to notify residents of the reopening. An invite was also sent to residents via email and posted on Facebook and Twitter. The project was also featured in the spring issue of the MB Magazine and GO Blog. The website, www.GOMBlnfo.com, continues to be updated with the latest construction advisories, press releases, project photos, implementation updates, public presentations, and more. For more information, please contact Maria Hernandez at mariahernandez@miamibeachfl.gov or via cellphone at (786) 371-3168. Attachments: Exhibit A- GOB Oversight Committee Agenda for May 24, 2023 Exhibit A1 - GOB Oversight Committee Agenda for June 22, 2023 Exhibit B - Subproject and Project List by Phase Exhibit C- Construction Commencement Graph Exhibit D- Cash Flow Update Exhibit E- 2018 Tranche 1 Project Updates Exhibit F - GOB for Arts & Culture Bond Issuance Summary Exhibit G- Community Information and Outreach we wk F:\cmgr\$ALL\GO Bond Program\L TC Program Updates\2023\3 May & June\G.O. Bond Program - Project Implementation Update No. 28.docx __________________________________________________________________________________________________ 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 May 24, 2023 I.Roll Call and Introductions All 4:30pm II.Committee Business Karen Rivo 4:35pm •Adoption of Meeting Minutes from 4-20-23 •Appointment of Vice-Chair III.Community Outreach Kevin Pulido 4:45pm •Upcoming / Recent Past Public Meetings & Events 2018 Bonds IV.Cash Flow Update Thais Vieira 4:50pm V.Program General Status Update Maria Hernandez 5:10pm VI.2018 Bonds Projects Update CIP 5:20pm •72nd St. Complex (P), Bayshore Park (D), Ocean Dr/Lummus Park (P), Flamingo Park (D) VII.Public Comment Public 5:40pm G.O. Bonds for Arts & Culture VIII.G.O. Bond for Arts & Culture Update Staff / Legal 5:50pm •4/28/23 Commission Meeting: o Tranche 1 Recommendation Approved, Rev. Grant Agreement Approved, Public Benefits Approved •5/17/23 Commission Meeting o Tranche 1 Approved at First Reading •Next Steps IX.Public Comment Public 6:05pm X.Adjournment 6:15pm 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. EXHIBIT A __________________________________________________________________________________________________  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 June 22, 2023 I.Roll Call and Introductions All 4:30pm II.Committee Business Ka r e n R i v o 4 : 3 5 p m Adoption of Meeting Minutes from 5-24-23 July Meeting III.Community Outreach Kevin Pulido 4:40pm Upcoming / Recent Past Public Meetings & Events 2018 Bonds IV.Program General Status Update Maria Hernandez 4:45pm V.2018 Bonds Projects Update CIP/FM/TT/ED/Parks 5:00pm 72nd St. Complex (P), Bayshore Park (D), Chase/34 St Shared Use Path (D), Ped Bridge (D), 23 St. Streetscape (D), FS1 (D), Marine Patrol (D), Police HQ (D), Bayshore Traffic Calming (D), West Lots (PN), Scott Rakow Ice Rink (PN) VI.P u b l i c C o m m e n t Public 5:45pm G.O. Bonds for Arts & Culture VII.G.O. Bond for Arts & Culture Update Staff / Legal 5:55pm Collins Park Artist Workforce Housing 6/28/23 Commission Meeting o Tranche 1 Second Reading Public Hearing o Additional Grantees o Documentary & Fillmore Discussion Next Steps & Anticipated Milestones VIII.Public Comment Public 6.:15pm IX.Adjournment 6: 2 5 p m 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.  EXHIBIT A1 G. O .  BO N D  PR O J E C T  LI S T  BY  PH A S E Ac t i v e  Ph a s e P r o j e c t  Na m e C a t e g o r y D e p a r t m e n t T r a n c h e A n t i c i p a t e d  En d  Da t e  ↑ Co u n t %  Count $ Budget $ Encumbered $ Spent % Spent $ Available Cl o s e d # 5 3  PO R T A B L E  BO L L A R D S                            Pu b l i c  Sa f e t y P o l i c e 1 0 7 ‐31 ‐20 1 9 1                1%599,916              ‐ 599,915           1.01%‐  Cl o se d #1 7  PO L O  PA R K Pa r k s Pa r k s  & Re c r e a t i o n 1 0 8 ‐11 ‐20 1 9 1                1%493,673             ‐ 493,673           0.83%‐  Cl o se d #1 9  SO U N D S C A P E  4K  TE C H N O L O G Y              Pa r k s To u r i s m  & Cu l t u r e 1 0 9 ‐30 ‐20 1 9 1                1%3,799,999          ‐ 3,748,495       6.28%51,503              Cl o s e d #1 3  NO RT H  SH O R E  LI G H T S  & PA I N T          Pa r k s Pr o p e r t y  Ma n a g e m e n t 1 1 0 ‐14 ‐20 1 9 1                1%130,300             ‐ 130,210           0.22%89   Cl o se d #5 2  TA T U M  PA R K  LE D  LI G H T I N G                Pu b l i c  Sa f e t y P a r k s  & Re c r e a t i o n 1 1 0 ‐14 ‐20 1 9 1                1%52,758               ‐ 52,758             0.09%‐  Cl o se d #5 2  CR E S P I  PA R K  LE D  LI G H T I N G              Pu b l i c  Sa f e t y P a r k s  & Re c r e a t i o n 1 1 0 ‐21 ‐20 1 9 1                1%41,780               ‐ 41,780             0.07%‐  Cl o se d #5 2  ST I L L W A T E R  PA R K  LE D  LI GH T I N G      Pu b l i c  Sa f e t y P a r k s  & Re c r e a t i o n 1 1 0 ‐21 ‐20 1 9 1                1%41,780                ‐ 41,780             0.07%‐  Cl o se d #2 6  CO L O N Y  TH E A T R E  RO O F                        Pa r k s Pr o p e r t y  Ma n a g e m e n t 1 1 0 ‐24 ‐20 1 9 1                1%299,650             ‐ 299,650           0.50%‐  Cl o se d #2 1  ST I L L W A T E R  PA R K                                Pa r k s Pa r k s  & Re c r e a t i o n 1 1 1 ‐08 ‐20 1 9 1                1%142,440             ‐ 142,440           0.24%‐  Cl o se d #3  CR E S P I  PA R K Pa r k s Pa r k s  & Re c r e a t i o n 1 1 1 ‐09 ‐20 1 9 1                1%184,920             ‐ 184,919           0.31%1   Cl o se d #1 8  SC O T T  RA K O W  PA I N T                            Pa r k s Pr o p e r t y  Ma n a g e m e n t 1 1 1 ‐12 ‐20 1 9 1                1%116,776             ‐ 116,776           0.20%‐  Cl o se d #4 7  MA C A R T H U R  CS W Y    RE A D E R S                Pu b l i c  Sa f e t y P o l i c e 1 1 1 ‐28 ‐20 1 9 1                1%64,904               ‐ 64,904             0.11%‐  Cl o se d #5 2  NO R M A N D Y  IS L E  PA R K  LE D  LI G H T I N G P u b l i c  Sa f e t y P a r k s  & Re c r e a t i o n 1 1 2 ‐02 ‐20 1 9 1                1%212,599             ‐ 212,593           0.36%5   Cl o se d #1 8  SC O T T  RA K O W  HV A C                              Pa r k s Pr o p e r t y  Ma n a g e m e n t 1 1 2 ‐06 ‐20 1 9 1                1%137,303             ‐ 137,302           0.23%‐  Cl o se d #1 3  NO R T H  SH O R E  RO O F                              Pa r k s Pr o p e r t y  Ma n a g e m e n t 1 1 2 ‐16 ‐20 1 9 1                1%375,000             ‐ 374,722           0.63%276   Cl o se d #1 8  SC O T T  RA K O W  RO O F                              Pa r k s Pr o p e r t y  Ma n a g e m e n t 1 0 1 ‐05 ‐20 2 0 1                1%127,218             ‐ 127,217           0.21%‐  Cl o se d #2 6  MI A M I  CI T Y  BA L L E T  RO O F                  Pa r k s Pr o p e r t y  Ma n a g e m e n t 1 0 1 ‐15 ‐20 2 0 1                1%758,824             ‐ 758,824           1.27%‐  Cl o se d #1 3  NO R T H  SH O R E  CA M E R A S                        Pa r k s Pr o p e r t y  Ma n a g e m e n t 1 0 2 ‐04 ‐20 2 0 1                1%205,699             ‐ 60,858             0.10%144,841            Cl o se d #1 8  SC O T T  RA K O W  CA M E R A S                        Pa r k s Pr o p e r t y  Ma n a g e m e n t 1 0 2 ‐05 ‐20 2 0 1                1%250,000             ‐ 110,659           0.19%139,340            Cl o se d #3 2  PA L M  & HI B I S C U S  LA N D S C A P I N G        In f r a s t r u c t u r e C a p i t a l  Im p r o v e m e n t  Pr o j e c t s 1 0 3 ‐25 ‐20 2 0 1                1%1,000,000          ‐ 1,000,000       1.68%‐  Cl o se d #1 8  SC O T T  RA K O W  WI N D O W S                        Pa r k s Pr o p e r t y  Ma n a g e m e n t 1 0 4 ‐16 ‐20 2 0 1                1%699,999             ‐ 198,887           0.33%501,110            Cl o se d #2 6  FI L L M O R E  RO O F P ar k s Pr o p e r t y  Ma n a g e m e n t 1 0 5 ‐15 ‐20 2 0 1                1%1,874,156          ‐ 1,874,154       3.14%‐  Cl o se d #4  FA I R W A Y  PA R K  PA V I L I O N                      Pa r k s Pa r k s  & Re c r e a t i o n 1 0 5 ‐15 ‐20 2 0 1                1%50,000               ‐ 35,044             0.06%14,955              Cl o se d #2  CO L L I N S  PA R K Pa r k s Pa r k s  & Re c r e a t i o n 1 0 5 ‐28 ‐20 2 0 1                1%557,287             ‐ 557,287           0.93%‐  Cl o se d #1 3  NO R T H  SH O R E  GE N E R A T O R                    Pa r k s Pr o p e r t y  Ma n a g e m e n t 1 0 6 ‐30 ‐20 2 0 1                1%524,999             ‐ 503,861           0.84%21,138              Cl o s e d #1 8  SC OT T  RA K O W  GE N E R A T O R                    Pa r k s Pr o p e r t y  Ma n a g e m e n t 1 0 6 ‐30 ‐20 2 0 1                1%803,748             ‐ 729,717           1.22%74,029              Cl o se d #1 8  SC O T T  RA K O W  PO O L                              Pa r k s Pa r k s  & Re c r e a t i o n 1 0 7 ‐06 ‐20 2 0 1                1%977,998             ‐ 977,104           1.64%893   Cl o se d #4 7    71  ST .  EN T R A N C E  RE A D E R S              Pu b l i c  Sa f e t y P o l i c e 1 0 7 ‐12 ‐20 2 0 1                1%31,582               ‐ 31,582             0.05%‐  Cl o se d #4 7  JU L I A  TU T T L E  CS W Y  RE A D E R S            Pu b l i c  Sa f e t y P o l i c e 1 0 9 ‐21 ‐20 2 0 1                1%89,186               ‐ 89,185             0.15%1   Cl o se d #5 7  LU M M U S  PA R K / O C E A N  DR I V E  CA M E R A S P u b l i c  Sa f e t y P o l i c e 1 0 2 ‐28 ‐20 2 1 1                1%824,845             ‐ 824,845           1.38%‐  Cl o se d #4  FA I R W A Y  PA R K  FE N C E                            Pa r k s Pa r k s  & Re c r e a t i o n 1 0 3 ‐10 ‐20 2 1 1                1%209,999             ‐ 205,917           0.35%4,082                Cl o se d #4 0    41  ST R E E T  LI G H T I N G  UP G R A D E S      In f r a s t r u c t u r e P u b l i c  Wo r k s  De p a r t m e n t 1 0 3 ‐13 ‐20 2 1 1                1%102,999             ‐ 99,173             0.17%3,825                Cl o se d #5 6  CA M E R A S ‐  BE A C H W A L K                          Pu b l i c  Sa f e t y P o l i c e 1 0 4 ‐02 ‐20 2 1 1                1%693,219             ‐ 693,218           1.16%‐  Cl o se d #2 4  MI D D L E  BE A C H  BE A C H W A L K  PH 3          Pa r k s Ca p i t a l  Im p r o v e m e n t  Pr o j e c t s 1 1 2 ‐27 ‐20 2 1 1                1%4,500,000          ‐ 4,214,178       7.06%285,821            Cl o se d #1 8  SC O T T  RA K O W  GY M  FL O O R S                  Pa r k s Pa r k s  & Re c r e a t i o n 1 0 1 ‐21 ‐20 2 2 1                1%322,561             ‐ 322,451           0.54%110   Cl o se d #1 2  N.  BE A C H  OC E A N S I D E  BE A C H W A L K      Pa r k s Ca p i t a l  Im p r o v e m e n t  Pr o j e c t s 1 0 6 ‐06 ‐20 2 2 1                1%1,999,999          ‐ 1,999,999       3.35%‐  Cl o se d #9  MS D  PL A Y G R O U N D  AN D  SI D E W A L K S Pa r k s Pa r k s  & Re c r e a t i o n 1 0 8 ‐05 ‐20 2 2 1                1%553,999             ‐ 524,410           0.88%29,588              Cl o se d #5 2  FL A M I N G O  PA R K  LE D  LI G H T I N G Pu b l i c  Sa f e t y P a r k s  & Re c r e a t i o n 1 1 1 ‐14 ‐20 2 2 1                1%1,044,143          ‐ 1,044,143       1.75%‐  Cl o se d #1 8  SC O T T  RA K O W  OT H E R  FL O O R S Pa r k s Pa r k s  & Re c r e a t i o n 1 0 8 ‐30 ‐20 2 3 1                1%203,798             ‐ 203,798           0.34%‐  Cl os e d  Su m 39            44%25,100,056        ‐ 23,828,428     40%1,271,607        Cl o s e d  Co u n t 39            44%39 39 39  0.00%39   CI T Y  OF  MI A M I  BE A C H 6/16/2023  ‐ 11:47  AM EX H I B I T B G. O .  BO N D  PR O J E C T  LI S T  BY  PH A S E Ac t i v e  Ph a s e P r o j e c t  Na m e C a t e g o r y D e p a r t m e n t T r a n c h e A n t i c i p a t e d  En d  Da t e  ↑ Co u n t %  Count $ Budget $ Encumbered $ Spent % Spent $ Available Co m p l e t e # 4 2  NA U T I L U S  TR A F F I C  CA L M I N G              In f r a s t r u c t u r e T r a n s p o r t a t i o n 1 0 1 ‐14 ‐20 2 2 1                1%739,499             22,500                   712,627           1.19%4,371                Co m p l e t e # 4 9  PU B L I C  SA F E T Y  RA D I O  SY S T E M          Pu b l i c  Sa f e t y F i r e 1 0 4 ‐30 ‐20 2 2 1                1%9,700,000          1,190,426             8,502,920       14.25%6,653                Co m p l e t e # 5 0  DA D E  BL V D .  CO R R I D O R  CA M E R A S        Pu b l i c  Sa f e t y P o l i c e 1 0 8 ‐03 ‐20 2 2 1                1%165,674              ‐                        127,436           0.21%38,238              Co m p l e t e # 5 0  71  ST R E E T  CO R R I D O R  CA M E R A S          Pu b l i c  Sa f e t y P o l i c e 1 1 2 ‐22 ‐20 2 2 1                1%211,999             1,634                     83,673             0.14%126,692            Co m p l e t e  Su m 8                9%10,817,172        1,214,560             9,426,656       16% 175,954            Co m p l e t e  Co u n t 4                5%4                         4                             4                       0.00% 4                        Co n s t r u c t i o n # 5 3  CO N V E N T I O N  CE N T E R  BO L L A R D S          Pu b l i c  Sa f e t y P u b l i c  Wo r k s  De p a r t m e n t 1 0 8 ‐28 ‐20 2 3 1                1%783,128             686,340                95,944             0.16%843                    Co n s t r u c t i o n # 5 3  SO U N D S C A P E  PA R K  BO L L A R D S              Pu b l i c  Sa f e t y P u b l i c  Wo r k s  De p a r t m e n t 1 0 8 ‐28 ‐20 2 3 1                1%225,198             134,155                90,869             0.15%174                    Co n s t r u c t i o n # 5 3  SO U T H  PO I N T E  PA R K  BO L L A R D S          Pu b l i c  Sa f e t y P u b l i c  Wo r k s  De p a r t m e n t 1 0 8 ‐28 ‐20 2 3 1                1%391,668             302,192                89,346             0.15%130                    Co n s t r u c t i o n # 3 4  A. G . I M P R O V E M E N T S  ‐   IN D I A N  CR E E K I n f r a s t r u c t u r e P u b l i c  Wo r k s  De p a r t m e n t 1 0 9 ‐29 ‐20 2 3 1                1%1,112,000          1,111,636              ‐                   0.00%364                    Co n s t r u c t i o n # 5 7  CO L L I N S  AV E / W A S H  AV E  CA M E R A S      Pu b l i c  Sa f e t y P o l i c e 1 1 2 ‐29 ‐20 2 3 1                1%665,154             39,197                   249,802           0.42%376,155            Co n s t r u c t i o n # 4 7  OT H E R  RE A D E R S  CI T Y W I D E                  Pu b l i c  Sa f e t y P o l i c e 1 1 2 ‐30 ‐20 2 3 1                1%1,390,000          17,159                   462,916           0.78%909,924            Co n s t r u c t i o n # 3 9  SE A W A L L S / S H O R E L I N E S  ‐   TR A N C H E  1 I n f r a s t r u c t u r e P u b l i c  Wo r k s  De p a r t m e n t 1 0 2 ‐29 ‐20 2 4 1                1%4,999,998          2,882,118             1,852,090       3.10%265,787            Co n s t r u c t i o n # 3 7  SI D E W A L K S  ‐   TR A N C H E  1 I n f r a s t r u c t u r e P u b l i c  Wo r k s  De p a r t m e n t 1 0 3 ‐29 ‐20 2 4 1                1%3,960,066          119,652                3,539,231       5.93%301,181            Co n s t r u c t i o n # 3 3  TR E E  PL A N T I N G  ‐   TR A N C H E  1 I n f r a s t r u c t u r e E n v i r o n m e n t a l 1 0 3 ‐30 ‐20 2 4 1                1%2,770,000          287,495                2,270,395       3.80%212,109            Co n s t r u c t i o n # 3 8  ST R E E T S  ‐   TR A N C H E  1 I n f r a s t r u c t u r e P u b l i c  Wo r k s  De p a r t m e n t 1 0 3 ‐30 ‐20 2 4 1                1%5,800,000          314,176                5,389,355       9.03%96,467              Co n s t r u c t i o n # 1 0  MA U R I C E  GI B B  PA R K                            Pa r k s C a p i t a l  Im p r o v e m e n t  Pr o j e c t s 1 1 2 ‐08 ‐20 2 4 1                1%4,500,000          4,263,959             211,392           0.35%24,647              Co n s t r u c t i o n  Su m 44            50%$26,597,212 $10,158,079 $14,251,340 24% $2,187,781 Co n s t r u c t i o n  Co u n t 11            13%11                       11                          11                     0.00% 11                      De s i g n # 4 8  PO L I C E  HQ  FA C I L I T Y  ‐   TR A N C H E  1 P u b l i c  Sa f e t y P r o p e r t y  Ma n a g e m e n t 1 , 2 1 0 ‐31 ‐20 2 3  b 1                1%6,573,271          218,717                1,496,070       2.51%4,858,483        De s i g n # 5 0  AL T O N  RD .  CO R R I D O R  CA M E R A S          Pu b l i c  Sa f e t y P o l i c e 1 1 2 ‐02 ‐20 2 3 1                1%211,999             19,598                   92,621             0.16%99,779              De s i g n # 1 3  N. S .  PL A Y G R O U N D  & RE F O R E S T A T I O N P a r k s P a r k s  & Re c r e a t i o n 1 0 1 ‐30 ‐20 2 4 1                1%794,999              ‐                        4,546               0.01%790,453            De s i g n # 1 9  SO U N D S C A P E  RE S T R O O M S / S T O R A G E      Pa r k s P a r k s  & Re c r e a t i o n 1 0 2 ‐27 ‐20 2 4 1                1%699,999             31,501                   15,907             0.03%652,590            De s i g n # 4 2  PA L M  VI E W  TR A F F I C  CA L M I N G            In f r a s t r u c t u r e T r a n s p o r t a t i o n 1 0 3 ‐18 ‐20 2 4 1                1%86,349               1,880                     44,547             0.07%39,922              De s i g n # 5 5  ST R E E T  LI G H T I N G  ‐   TR A N C H E  1 P u b l i c  Sa f e t y P u b l i c  Wo r k s  De p a r t m e n t 1 0 7 ‐29 ‐20 2 4  b 1                1%3,500,000          203,933                204,116           0.34%3,091,950        De s i g n # 4 3  CH A S E  AV E / 3 4  ST  SH A R E D  US E  PA T H I n f r a s t r u c t u r e C a p i t a l  Im p r o v e m e n t  Pr o j e c t s 1 0 7 ‐31 ‐20 2 4 1                1%830,000             42,439                   257,412           0.43%530,148            De s i g n # 5  FL A M I N G O  PA R K  MA S T E R  PL A N              Pa r k s C a p i t a l  Im p r o v e m e n t  Pr o j e c t s 1 0 8 ‐28 ‐20 2 4 1                1%15,150,000        451,101                537,084           0.90%14,161,813      De s i g n # 2 3  PE D E S T R I A N  BR I D G E                            Pa r k s C a p i t a l  Im p r o v e m e n t  Pr o j e c t s 1 0 8 ‐30 ‐20 2 4 1                1%8,999,999          7,259,137             1,690,254       2.83%50,606              De s i g n # 2 5  WA T E R W A Y  RE S T O R A T I O N                      Pa r k s C a p i t a l  Im p r o v e m e n t  Pr o j e c t s 1 1 0 ‐17 ‐20 2 4 1                1%100,000              ‐                        27,111             0.05%72,889              De s i g n # 4 3  AL T O N  RO A D  SH A R E D  US E  PA T H          In f r a s t r u c t u r e T r a n s p o r t a t i o n 1 1 0 ‐30 ‐20 2 4  b 1                1%50,000                ‐                         ‐                   0.00%50,000              De s i g n # 4 2  NO R M A N D Y  IS L E  TR A F F I C  CA L M I N G    In f r a s t r u c t u r e T r a n s p o r t a t i o n 1 1 0 ‐31 ‐20 2 4 1                1%293,999             76,172                   150,458           0.25%67,368              De s i g n # 9  MS D  PA R K  LI G H T I N G P a r k s P a r k s  & Re c r e a t i o n 1 1 1 ‐16 ‐20 2 4 1                1%127,999             31,235                   7,194               0.01%89,570              De s i g n # 4 2  BA Y S H O R E  SO U T H  TR A F F I C  CA L M I N G   In f r a s t r u c t u r e T r a n s p o r t a t i o n 1 1 2 ‐18 ‐20 2 4 1                1%380,148             69,310                   223,228           0.37%87,608              De s i g n # 4 3  23  ST .  ST R E E T S C A P E  IM P R O V E M E N T S I n f r a s t r u c t u r e C a p i t a l  Im p r o v e m e n t  Pr o j e c t s 1 0 1 ‐17 ‐20 2 5 1                1%1,499,998          56,163                   588,633           0.99%855,202            De s i g n # 1 5  PA R  3  / BA Y S H O R E  PA R K                    Pa r k s C a p i t a l  Im p r o v e m e n t  Pr o j e c t s 1 0 7 ‐28 ‐20 2 5 1                1%15,699,999        8,718                     863,549           1.45%14,827,731      De s i g n # 4 5  FI R E  ST A T I O N  #1                                Pu b l i c  Sa f e t y C a p i t a l  Im p r o v e m e n t  Pr o j e c t s 1 , 2 0 8 ‐26 ‐20 2 5 1                1%4,000,000          652,940                1,608,377       2.69%1,738,680        De s i g n # 3 0  SK A T E  PA R K                                          Pa r k s P a r k s  & Re c r e a t i o n 1 1 0 ‐30 ‐20 2 5 1                1%749,999             49,708                   39,726             0.07%660,565            De s i g n # 2 3  BA Y  GA R D E N  MA N O R  LI N K                    Pa r k s C a p i t a l  Im p r o v e m e n t  Pr o j e c t s 1 , 2 0 2 ‐19 ‐20 2 6 1                1%269,999              ‐                        79,101             0.13%190,898            De s i g n # 2 3  BA Y V I E W  TE R R A C E  LI N K                      Pa r k s C a p i t a l  Im p r o v e m e n t  Pr o j e c t s 1 , 2 0 2 ‐19 ‐20 2 6 1                1%169,999              ‐                        75,131             0.13%94,868              De s i g n # 2 3  SO U T H  BA Y  CL U B  LI N K                        Pa r k s C a p i t a l  Im p r o v e m e n t  Pr o j e c t s 1 , 2 0 4 ‐02 ‐20 2 6 1                1%559,999              ‐                        176,551           0.30%383,448            De s i g n # 4 0  41  ST  CO R R I D O R  IM P R O V E M E N T S I n f r a s t r u c t u r e C a p i t a l  Im p r o v e m e n t  Pr o j e c t s 1 , 2 0 6 ‐14 ‐20 2 6 1                1%1,977,318          1,101,528             798,098           1.34%77,691              De s i g n # 5 0  41  ST .  CO R R I D O R  CA M E R A S                Pu b l i c  Sa f e t y C a p i t a l  Im p r o v e m e n t  Pr o j e c t s 1 0 7 ‐21 ‐20 2 6 1                1%235,324              ‐                        17,999             0.03%217,324            De s i g n # 5 4  MA R I N E  PA T R O L  FA C I L I T Y                  Pu b l i c  Sa f e t y C a p i t a l  Im p r o v e m e n t  Pr o j e c t s 1 , 2 1 1 ‐25 ‐20 2 6 1                1%1,999,999          351,898                221,320           0.37%1,426,779        De s i g n  Su m 12 0      136%$64,961,396 $10,625,978 $9,219,033 15% $45,116,365 De s i g n  Co u n t 24            27%24                       24                          24                     0.00% 24                      CI T Y  OF  MI A M I  BE A C H 6/16/2023  ‐ 11:47  AM G. O .  BO N D  PR O J E C T  LI S T  BY  PH A S E Ac t i v e  Ph a s e P r o j e c t  Na m e C a t e g o r y D e p a r t m e n t T r a n c h e A n t i c i p a t e d  En d  Da t e  ↑ Co u n t %  Count $ Budget $ Encumbered $ Spent % Spent $ Available Pl a n n i n g # 5  FL A M I N G O  YO U T H  CE N T E R  FA C I L I T Y    Pa r k s C a p i t a l  Im p r o v e m e n t  Pr o j e c t s 1 , 2 1 1 ‐30 ‐20 2 3  b 1                1%250,000             167,701                30,080             0.05%52,218              Pl a n n i n g # 3 6  WA S H I N G T O N  AV E .  CO R R I D O R              In f r a s t r u c t u r e E c o n o m i c  De v e l o p m e n t 1 , 2 0 7 ‐01 ‐20 2 4  b 1                1%397,616              ‐                        213,740           0.36%183,876            Pl a n n i n g # 1    72  ST .  CO M M U N I T Y  CO M P L E X              Pa r k s C a p i t a l  Im p r o v e m e n t  Pr o j e c t s 1 , 2 0 7 ‐30 ‐20 2 6 1                1%10,800,000         ‐                        2,266,841       3.80%8,533,158        Pl a n n i n g # 4 6  OC E A N  RE S C U E  NO B E  FA C I L I T Y          Pu b l i c  Sa f e t y C a p i t a l  Im p r o v e m e n t  Pr o j e c t s 1 , 2 0 6 ‐08 ‐20 2 8 1                1%1,000,000           ‐                        15,658             0.03%984,342            Pl a n n i n g # 8  LU M M U S  PA R K                                          Pa r k s C a p i t a l  Im p r o v e m e n t  Pr o j e c t s 1 0 3 ‐07 ‐20 2 9 1                1%4,736,999          1,034,172             25,761             0.04%3,677,065        Pl a n n i n g # 3 1  OC E A N  DR I V E  CO R R I D O R                      In f r a s t r u c t u r e C a p i t a l  Im p r o v e m e n t  Pr o j e c t s 1 , 2 0 6 ‐20 ‐20 2 9 1                1%2,000,000          734,064                406,500           0.68%859,436            Pl a n n i n g  Su m 36            41%$19,184,615 $1,935,937 $2,958,580 5% $14,290,095 Pl a n n i n g  Co u n t 6                7%6                         6                             6                       0.00% 6                        Pe n d i n g # 1 3  NO R T H  SH O R E  PA T H  & FI E L D S            Pa r k s C a p i t a l  Im p r o v e m e n t  Pr o j e c t s 1 , 2 ( b l a n k ) 1                1%1,409,000           ‐                         ‐                   0.00%1,408,999        Pe n d i n g # 2 9  WE S T  LO T S  ‐   TR A N C H E  1 P a r k s E c o n o m i c  De v e l o p m e n t 1 ( b l a n k ) 1                1%1,000,000           ‐                         ‐                   0.00%1,000,000        Pe n d i n g # 1 8  SC O T T  RA K O W  IC E  RI N K  FL O O R S P a r k s P a r k s  & Re c r e a t i o n 1 ( b l a n k ) 1                1%413,640              ‐                         ‐                   0.00%413,640            Pe n d i n g # 5 2  FL A .  PA R K  LE D  LI G H T I N G  ‐   FI E L D S P u b l i c  Sa f e t y C a p i t a l  Im p r o v e m e n t  Pr o j e c t s 1 ( b l a n k ) 1                1%1,655,856           ‐                         ‐                   0.00%1,655,856        Pe n d i n g  Su m 28            32%$4,478,496 $0 $0 0% $4,478,495 Pe n d i n g  Co u n t 4                5%4                         4                             4                       0.00% 4                        88            100% $151,138,947 $23,934,554 $59,684,037 100% $67,520,297 CI T Y  OF  MI A M I  BE A C H 6/16/2023  ‐ 11:47  AM www.GOMBInfo.com Bold 2023 CONSTRUCTION COMMENCEMENTS $40 Million Total GOB Budget First Quarter -Collins /Wash AveCameras Second Quarter -Maurice Gibb Park -Bollards -Above GroundImprov. (Indian Creek) Third Quarter -Bayshore Park -Pedestrian Bridge -Soundscape Storage Fourth Quarter -Police HQ. (RTCC) -N.S. Park Playground -23 St. Streetscape Bold Text Indicates Projects have Commenced in Calendar Year EXHIBIT C Data Date: May 12, 2023  Tranche 2 Issuance Shift: Dec 2024 to April 2025 (4 months)  Main Drivers (Critical Targets & Others):   •#5 Flamingo Park Master Plan: Lodge construction commencement revised from May 2023 to Jan 2024; Softball field construction commencement revised from Jul 23 to Jul 24; baseball field construction commencement revised from April 2024 to April 2025. •#10 Maurice Gibb Park: construction commencement revised from Feb 2023 to Apr 2023. •#15 Par 3/Bayshore Park: construction commencement revised from Mar 2023 to Aug 2023. •#18 Scott Rakow Ice Rink Floors: construction completion revised from Summer 2023 to 2025. •#23 Pedestrian Bridge: Construction commencement revised from June 2023 to Sept 2023. Assumptions:   •#1 72nd St Complex: Design starts Aug 2023; construction starts Jan 2025. •#23 Baywalks: Design commencement in September 2023. Projects/Sub‐Projects Completion prior to T2 issuance:  1.#9 MSD Park Lighting: Oct 2024. 2.#13 North Shore Playground – Jan 2024 (landscape after 72nd St Project). 3.#19 Soundscape Storage: Mar 2024. 4.#23 Pedestrian Bridge: Sept 2024 5.#10 Maurice Gibb Park: Dec 2024. 5 additional Projects/Sub‐Projects completed prior to T2  26 completed to date  31 TOTAL  85%  TARGET  $73.7M  $25M  April  2025  EXHIBIT D Data Date: May 12, 2023 Tranche 2 Issuance Shift: Dec 2023 to Apr 2024 (4 months)  Main Drivers (Critical Targets & Others):   •#39 Seawalls & Shorelines – Maurice Gibb seawall/shoreline commencement revised from Feb 2023 to Apr 2023. •#42 Traffic Calming: Construction commencement revised from Sep 2023 to Jan 2024. •#43 23 St Streetscape Improvements: construction commencement revised from May 2023 to Sep 2023. Assumptions :   •#31 Ocean Drive: Design starts in June 2023. •#40 41st Corridor Improvements: 90% documents submitted by Feb 2024 per current schedule. •#43 23 St. Streetscape: Construction starts Sept 2023, 13 months duration. Monthly allocation includes 50%  grant. Projects/Sub‐Projects Completion prior to T2 issuance:  1.#33 Tree Planting: Beachwalk surveying will commence this summer. Planting will require funding swap. 2.#34 Above Ground Improvements (Indian Creek): Completion expected Fall 2023. 3.#37 Sidewalks:  Per Public Works Work Plan for 2023 ($200K to be spent through Dec 2023). Tranche 1 funding depleted by March/April 2024. 4.#38 Streets: Per Public Works Work Plan for 2023 ($500K to be spent through Dec 2023); requires funding swap in Nov 23. 4 additional projects/sub‐projects completed prior to T2  3 completed to date  7 TOTAL  85%  TARGET  $23.8M  $17.3M  April  2024  Data Date: May 12, 2023   Tranche 2 Issuance Shift: Aug 2024 to March 2025 (7 months)  Main Drivers (Critical Targets & Others):   •#45 Fire Station #1: construction commencement revised from Dec 2023 to March 2024. •#46 Ocean Rescue Nobe Facility: Design commencement revised from Oct 2023 to Sept 2024. •#48 Police HQ: construction commencement revised from Jul 2023 to Oct 2023 (for RTCC only; $1.5M estimated total budget). •#55 Street Lighting: construction commencement revised from Sept 2023 to July 2024. Assumptions:   •#45 Fire Station 1: Construction starts March 2024. $1M avg monthly burn rate (50% from grant). T1 funds will be depleted prior to T2 issuance. •#48 Police Hq: RTCC construction starts October 2023. Remainder construction (CMAR scope) to begin shortly after completion of RTCC (est. Aug 2024). •#49 Public Safety Radio System: Final $1.1M payment issued by May 2024. •#54 Marine Patrol: Design completion by Feb 2024. Projects/Sub‐Projects Completion prior to T2 issuance:  1.#53 Bollards – Convention Center: Completion by Fall 2023. 2.#53 Bollards – Soundscape: Completion by Fall 2023. 3.#53 Bollards – South Pointe: Completion by Fall 2023. 4.#50 Alton Rd Cameras: Completion by Dec 2023. 5.#57 Collins Ave/Wash Ave Cameras: Completion by Dec 2023. 6.#47 Other Readers Citywide: Completion by Dec 2023. 7.#48 Police HQ. (RTCC): Completion by June 2024. 7 additional projects/sub‐projects completed prior to T2  14 completed to date  21 TOTAL  85%  TARGET  $31M  $16.8M  Mar  2025  EXHIBIT E On 12/14/2022, the Commission awarded the contract to Buslam contingent on the status of the Florida Resiliency Grant. Due to stringent federal requirements, the grant has been declined and on 03/27/2023, City Commission appropriated additional funds to substitute the grant funding. The Contract has been fully executed. Construction is expected to commence in the summer of 2023. www.GOMBInfo.com Bond Issuance Next Steps / Milestones Commission First Public Hearing to Adopt Bond Sale Resolution Commission Second Public Hearing to Adopt Bond Sale Resolution Capital Budget Amendment for Appropriation of Tranche 1 Funds Bond Funds Available Program Commencement June 28 July 26 AugustMay 17 July Bond Closing EXHIBIT F NEWS ANNOUCEMENTS EXHIBIT G GO BLOG MEETINGS Past: Upcoming: