436-2002 rda reso
TRANSCRIPT
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8/15/2019 436-2002 RDA Reso
1/16
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8/15/2019 436-2002 RDA Reso
2/16
Miami
Beach
R e d e v e l o p m e n t
A g e n c y
Proposed
Budget
FY
2 0 0 2 1 0 3
Cty
Cener
e d e v e l o p m e n t
Aea
e v e n u e s
and
Oher
O p e r a t i n g
Deb
Const r uct i on
S o u r c e s
o
I n c o m e
Fund
Serv ice
Fund
Opening
B a l a n c e
0 $
$
0
9 6B
eries
B o n d
Funds $
0 $
0 $4
73,
075
8B
Bond
Funds $
0
5
86,
319
Tax
I n c r e m e n t -
Cty $7
00
204 $
0 $
0
Tax
n c r e m e n t -
County $
5
959
764$
5
5 9 ,
764 $
0
0%
C o n t r i b u t i o n
from
Resort
Tax (
1%
00,
000 $
0
Ineres
n c o m e $
0
169
910
Loews
Hote
Ren
Revenue $
500,
000 $
0 $
0
Royal
Palm
Gound
Lease $
90,
000 $
0
0
nchor
Garage
O p e r a t io n s (
1 $
1
50,
000 $
0
Anchor
Shops L e a s e
R e v e n u e (
2 $
86,
816 $
0
ther
O p e r a t i n g
T r a n s f e r s
In $
0
68,
650 $
1
50,
725
und
Balance
a r r y o v e r $
0 $
$
0
otal
Revenue $
8,
786,
784$
5,
28
414 $
1,
580
029
Operating
D e b t C o n s t r u c t i o n
O p e r a t i n g
E x p e n s e s
F u n d Service
F u n d
M a n a g e m e n t
fee
4 1 4 ,
000
d v e r t is i n g &
r o m o t i o n
3
00
Postage &
ailing
3
00
r i n t i n g
3
0 0
Office
supp l ies &
e q u i p m e n t
5
00
Meetings &
c o n f e r e n c e s
2
00
u e s &
u b s c r i p t i o n s
1
00
Audit
fees
4
000
P r o f e s s i o n a l &
elated
f e e s
5 0 , 000
M i s c e l l a n e o u s
e x p e n s e s15
000
o t a l
O p e r a t i n g
E xp e n s e s $
500,
000 $
0 $
0
Operating
Debt
C o n s t r u c t i o n
P r o j e c t s
Fund S e r v i c e
Fund
Anchor
G a r a g e
ops
ncl
sales &
prop
a x e s
770
25
A n c h o r
Garage
Faci l i t y
Ue
sage
Fee(
3
166,
000
A n c h o r
Shops
gt
fee &
e l a t e d
exp
82
00
o m m u n i t y
Pol ic ing
R e p a y m e n t
o
i n c o l n
Road
a p i t a l C o s t s (
4
450
000
R e p a y m e n t
o
ass
Museum
Capital
C os t s (
5
1
50
000
B e a c h w a l k
proect
3
600
000
o l o n y
Theat er1
00
000
R o t u n d a
500,
000
t r e e t - ends (
17h
8th &
0th
Sreets)
00
000
16th
Street
i m p r o v e m e n t s500
000
17h
t r e e t
Master
Plan
500
00
l l o c a t i o n
fo
S t r e e t s c a p e ,
a t e r ,
Sewer
oherUtility
I m p r o v e m e n t s
by
IP
Office
3
80
029
Toa
P r o j e c t
Costs: $
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8/15/2019 436-2002 RDA Reso
3/16
RDA
City
Center -
10EAR B U D G E T -
2003-
2013
RDA
C i t y
C e n t e r
y.,
nd
2 0 0 2
2 0 0 3 2 0 0 4
2 0 0 5
2 0 0 6
2 0 0 7 2 0 0 8
2 0 0 9
2 0 1 0
2 0 1 1
2 0 1 2
2 0 1 3
AL
FIocaI
y_
FY
01
02
FY
02.
03
FY
03
04
FY
04
05
FY
05
01Y
08
07
FY07.
08
FY
08 09
FY
09 10
FY
10-
11
FY
1
12
FY2
13
OPERATIONS
1ncIor
Shops
Revenues
RenaI nmme
5
70
586
818
586
818
586,
818
849
759
892.
119
892.
119
692,
119
692,
119
692
119
692,
119
692
119
8 2 7 ,
810
O b l i g a t i o n s
M~
Fee &....-
x p e n s e s - (
82
000(
82
000 ~(
2
000) (
82
0 0 0 ) (
2
000
82,
0 0 0 ) ~ (
82
00) (
82
0001
82
000) (
82
000) (
984,
000)o t a l AncIor -
480
770
04,
111
104
111104
111
17
75_
110
11_
110
11_
110
11_
110,
11_
110
11_
110,11_
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8/15/2019 436-2002 RDA Reso
4/16
2 0 1 3
Y
2.
13 2012
11-
12
2 0 1 1
10-
11
2 0 1 0
FY 09-
0
2 0 0 9
Y
8~
9
A~
n t e r -
10
YEA.. . .
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d: ~
13
2003
004006
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2008
FY
02 ~
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03004
FY
05
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FY
6~
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FY
FY
2002FY
01~
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1 5 0
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5 5 0 ,
000)
l
oo
OO
00.0II0
3
2 42 ,
870 '
173,888
4
737J
m
2
0%
BO N D FUNDS
1116B
Nonu-
l I g l n n l n g
Balance
1b.......,..
roect
CIIy
CerUr -,-,
2 O l h
S l r e e I
Sne
Ends-
171h1181h_
ToII
Obi
1 l 1 l 1 8 B N o n t a x
E n d i n a
B a l a n c e
RDAC
1
05,021
1
84
311
5
141
070
63
4
453
411
-
8/15/2019 436-2002 RDA Reso
5/16
ElW.
F
SUBTOTAL
RDA
Projected
Total
nt
2002
P r o j e c t e dTAX
N C R E M E N T
F U N DTAX
R O J E C T I O N S -
U p d a t e d
Juy
1
Projected
INAL
r o j e c t e d
F I N A L
@ 1 I 5 %
P
yment
CMS
M
DC Mil...
Mll..
FINAL
rjctd
r o j e c t e d
F~
Proected
A s s e s s e d
Cty
e n t e r
TF
P r o j e c t i o n s
FNAL
A s s e s s e d
V a l u e
292,
572,
1
C I I B
Y
7n,
29
,
029,
2N
2
29553
2
303,
219
2
8 5 3 ,
02
81
93
91
49
7~
1._
191
029
43,
294 2
09
953
2
17 ,
219
367
02
475,493
7
05 ,449
903,763 1;
f i s i 2 7 0
ttiV 13,0 3 4 , 9 2 6
15,
173
033 17,
1 7 8 , 32818
912587
20
063,
263
21271,
472
22
40,092
23
872,
14 2
2 5,
2 7 0 ,
796
26, 73981
28
281397
l1iQ04,13
441
928
15
587,033
1
592
28 19,
328,
587
20 ,
n
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6/16
TOTAL
FUTURE
INCREMENT
DELTA)
DESCRIPTION
OF
ASSESSMENT
Renovations
City
Center-
TIF
PROJECTIONS
9
10
2002
C u r r e n t
A s a e l l s e d
Vaue
pe
Unt
NIW
C o n d o
Unils
C o n d o
Unts
New
Unts
FFECT
OLL
ormulau r r e n t
nts
Assess
B ui l t
P R O J E C T
5 1 0 ,
000
O p e n e d
ths
year
2 2 8
od
uni ts
@
13270;
99llW
un i ts
@
180
000(
ounded
26
154
18
462
per
unit
r o u n d e d )
22 6
units
Into
32 5
unt; $
25
m il r e n o
700,00 0
65
2 0 0 1 -
2
2001
2000
Town
House34
375,
000
2
616,
25 0
65%
o
p r e d i c t e d
9
000(
23,
000
1lIW
marke t
valu e
fornlW
qf@$
175
per
ft
quare
f o o ta g e (
23
000
q
ft@$
17 5
per
sq
f)
0,619
13
700
000
99
325
n1a
2 0 0 2 -
03
2 0 0 3 2 0 0 2
2002
2 0 0 1
2001
Shore
C l u b
M i l l e n i u m 5 81
c o n d o
hotlll
unts
into550
h o t e l /
350
condo; $
100m
en o
32
000
000
320unts
@$
150000
50 ,
00087,
1 5 0 ,
00 0
320
581
2 0 0 2 -
03
2 0 0 2
2001
Roney
Palace
940 ,
000
A
standard
30%
r e n o v a t i o n 335
unils
i n t o
380
100il
reno
0,
76 9 1600, 000
5
3802004
20040 03
Rtz
Carlton
56,
000,
000
150
000 pe r
un
s s e s e d
vaue
0
prior
u n i t s d e m o l i s h e d ; $
64
mlreno
19,
500,
000
65%
oredic ted
m a r k e t
vaue
fo
nlW R e t a i t
40,000
q u a r e
o o t a g e (
et ai l
fice:
120.
000
nlW
@$
300
er
q
It;
C l a s s
A
711arking
O f f i c e :@$
50
pe
sq
ft)
52,00
7
6 0 0 , 0 0 0
374
424
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8/15/2019 436-2002 RDA Reso
7/16
MIAMI
BEACH
REDEVELOPMENT
AGENCY
Proposed
Budget
02103
South
Pone
e d e v e l o p m e n t
Aea
O p e r a t i n g
Fund
Operating
Expenses
M a n a g e m e n t
Fee
dvertising &
Promot ion
Postage &
Mailing
Print ing
Ofice
Supplies &
E q u ip m e n t
Meengs&
C o n f e r e n c e s
Dues &
S u b s c r i p t i o n s
A u d i t
Fee
r o f e s s i o n a l &
e late d
Fees
i s c e l l a n e o u s
E x p e n s e s
Toa
Operating
E x p e n s e s
Projec ts
South
Pointe
Per
B ay w al k
Beach
Master
PlanSouth
Ponte
S t r e e t s c a p e South
P o i n t e
P a r k (
P&
R
a s h i n g t o n
P a r k ( P&
R
o m m u n i t y
G a r d e n (
P&
R
he
ourts/
C o b b
1
s -
2nd
S t r e e t s c a p e
Lbrary
Portofino
S e t t l e m e n t
Por t o f i no
Local
I mpa c ts
Marina
Valet
Parking
Pump
S t a t i o n
Removal
The
Re l a ted
G r o u p1
SO
N
W a t e r lS t o r m
W a t e r
R e l o c a t i o n
2
SSOI
N- S e a w a l l Restorat ion
3
SDI
N
New
Seawall
Yacht
Cub
A M L e g a l
Fees
Pr o gr am
Manager (
H&
S
her
Pro je cts (
I n c l u d in g
CIP
Uilities
m p r o v e m e n t s )
Total
Proect
C o s t s Revenues
and
Oher
S o u rc e s
o
ncome
Opening
B a l a n c e
Souh
Ponte
S t r e e t s c a p e
Ap p r o p r i a t i o n
Park
I m p r o v e m e n t s
A p p ro p r i a t i o n
Tax
i n c re m e n t -Cty
Tax
n c r e m e n t -
County
Marina
Rental
Portofino
Loca
m p a c t s
In te r e s t
I n c o m e
Operating
T r a n s f e r s
In
apital
P r o j e c t
Funds
Fund
a l a n c e
C a r r y o v e r Toa
Revenue
T r a n s f e r sand
ebt
Service
P a y m e n t s
De b t S e r v i c e
Cost T r a n s f e r
C o u n t y
TF
o -
Debt
Svc
Fund
Transfer
to -Deb
Svc
Fund
Transfer
to
onstruction
Fund
Toa
Transfers
Tota l
Expenditures &
T r a n s f e r s
Excess (
Deficiency)
9
0
2002
3
4
PM
5
70,
9 4 7
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8/15/2019 436-2002 RDA Reso
8/16
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9/16
RDA
South
Ponte -
10
EAR
B U D G E T -
2003-
2013
RDA
South Polnte
YEAR
END
2002
2004
2 0 0 5
2006
2007
2 0 0 6
200901 0
2011 2 0 1 2
2013
T O T A L
6
t r e e t s c a p l K )
b l l ga t l o n s
Phase
I (
,
000,
000) (
1
00,
000)
Phase
I
aims (
188 ,
5 4 4 ) - - - - (
1
88,
5 4 4 )
P h a s e
II (
00
0 0 ) (
2
000,
0 0 ) (2
00
000) (
3
00,
0 0 0 ) - (
7
6 0 0 ,
0 0 0 )
P h a s eIII (
633
585 - (
57
485
Phase
V - (
70
3 2 0 ) (
5 139
120)PhaseV
-
8/15/2019 436-2002 RDA Reso
10/16
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-
8/15/2019 436-2002 RDA Reso
11/16
-
8/15/2019 436-2002 RDA Reso
12/16
REDEVELOPMENT
AGENCY
COMMISSION
ITEM
SUMMARY
Condensed
Title:
Aresolution
of
the
Chairman
and
Members
of
the
Miami
Beach
Redevelopment
Agency
adopting
operating
and
capital
budgets
for South
Pointe
and
City
Center
Redevelopment
Areas
for
Fiscal
Years
2002/
03
Issue:
The
r o p o s e d
b u d g e t s
foouth
P o i n t e
and
Cty
enter R e d e v e l o p m e n t Areas
fo
Fiscal
Year
02
3
have
been
p r e p a r e dto
c o i n c i d e
wth
the
v e r a l l
City
budget
process,
n d
ae
e i n g
p r e s e n t e d
to
assst
in
r o v i d i n g
ao m p r e h e n s i v e
overview
o
the
tw
d i s t r i c t s .
Item
S u m m a r y /
R e c o m m e n d a t i o n :
In
order
to
d d r e s s
the
x i s t i n g
and future
obligations
in
h e tw o
Redevelopment
Areas,
it
is
e c o m m e n d e d
that
the
R e d e v e l o p m e n t
Agency
adopt
the
ttached
reso lut ion
w h i c h
e s t a b l i s h e s
operating
b u d g e t s
for
South
Pone
and ity
C e n t e r
R e d e v e l o p m e n t
Areas
fo
F Y
2 0 0 2 /
03
dvsory
Board
R e c o m m e n d a t i o n :
IN
A
inancial
I n f o r m a t i o n :
S o u r c e
o
u n d s :D
i n a n c e
Dept.
C
Clerk
sOfice
Le
s l a t i v e
Trackin :
Christina
M
C u e r v o /
Ken
O
Bonde
l e x a n d r a
R o l a n d e l l i
T\
G E N D A I 2 0 0 2 \
SEP2502\
R D A I R D A B u d g e t
S U M .
-
8/15/2019 436-2002 RDA Reso
13/16
CITY
OF
MIAMI BEACH
CITY
HALL
1700
O N V E N T I O N
C E N T E R
DRIVE MIAMI BEACH,
FL O R IDA 3 3 1 3 9 www.
c.
i a m i - b e a c h .
f1s
EDEVELOPMENT
A G E N C Y
M E M O R A N D U M
F r o m : Chairman
a n d
M e m b e r s
o
the
Date:
e p t e m b e r 2 6 ,
2002
iami
B e a c h
e d e v e l o p m e n t
Agency
Joge
G o n z a l e z , . . . /Execuive
i r e c t o r0"""~A
E S O L U T I O N
O
H E
C H A I R M A N
AND
M E M B E R S
O
HE
MAMBEACH
E D E V E L O P M E N T
AGENCY ADOPTING
O P E R A T I N G
AND
CAPITAL
B U D G E T S
FOR
SOUTH
PONTE
NDITY
CENTER
R E D E V E L O P M E N T
A R E A S
FOR
FSCAL
YEARS
2002/
03.
To
Subect:
A D M I N I S T R A T I O N
R E C O M M E N D A T I O N :
Adopt
the
R e s o l u t i o n . A N A L Y S I S
The
p r o p o s e d
budgets
fo
outh P o i n t e and
City
C e n t e r
R e d e v e l o p m e n t
Areas
fo r
Fsca
Year 02
03
av e
been
prepared
to
o i n c i d e
wth
theveral l
C i t y budget
p r o c e s s ,
and
re
beng
resented
today
to
asss
in
roviding
ao m p r e h e n s i v e
overview
o f t h e
two
districts.
Cty
e n t e r
The
tax
n c r e m e n t
in
ity
Center
c o n t i n u e s
to
ow
teadily as
new
hotel,
e s i d e n t i a l
a n d
c o m m e r c i a l
d e v e l o p m e n t s
c o m eon
line
Ths
r e n d
is
u p p o r t e d by
an e s t i m a t e d
17.
3
percent
increase
in
r o p e r t y
v a l u e s
fo
FY
001/
02
nd an
s t i m a t e d 11
4erc en t
i n c r e a s e
fo
FY
0 0 2 /
03
Tax
ncrement
F i n a n c i n g ( TIF) through
the
sae
obonds
a s
b e e n
a
ajor
t o o l
for f i na nc ing
r e d e v e l o p m e n t
activi t ies.
To
ate,
three
bond
ssues
have
o c c u r r e d
in
C i t y C e n t e r :one
n
1994
f o r $
25mon
to
c q u i r e
land
fo
he
o t e l
d e v e l o p m e n t
initiative;
onein
1996,
in
he
amount
o $
3
2
m i l l i o n to
fund
o n t r a c t u a l
o b l i g a t i o n s
a n d
capital
i m p r o v e m e n t s
reated
tohe
L o e w s
Hoe
and
African-
A m e r i c a n
Hoe
projects;
and,
ne
in
1998,
in
the
a m o u n t
o $
8.
2
i l l i o n
to
i n a n c e
c a p i t a l
e x p e n d i t u r e s
related
to
he
onvention
hotel
p ro je cts ,the
u l t u r a l C a m p u s
projectand
o
repay
the $21.
5
i l l ion
d e b t
o b l i g a t i o n
to
h e
City.When
the
ond
i s s u e s
were
done
nitial ly,
R e s o r t
Tax
was
used
as
a
s e c o n d a r y
p l e d g e to
pay
the
debt
service.
Due
to
t e a d y
i n c r e a s e
inax
i n c r e m e n t
coupled
with
the
n c o m e
s t r e a m
from
the
o e w s
Hoe
ground
lease
and
o p e r a t i o n
o
the
n c h o r
S h o p s
and
P a r k i n g ,
the
D A
has
-
8/15/2019 436-2002 RDA Reso
14/16
September
25
002
C o m m i s s i o n
M e m o r a n d u m
RDA-
Cty
enter
R e d e v e l o p m e n t
B u d g e t
Page
20'
4
002/
03
Cty
Center
wll
pay
p p r o x i m a t e l y $
3
4
illion
a n n u a l l y
towards
capital
coss
fo
i n c o l n
Road,
whch
ls o
i n c l u d e s
interest,
a l c u l a t e d
a g a i n s ta
rincipal
a m ount
o $
1.
5
i l l i o n , (b o r r o w e d
from
the
Guf
Breeze
Loan
oo l ) .
City
Center
will also
b e g i n
a s s u m i n g
debt
service
p a y m e n t s
on
he
p o r t i o n
o
the
Guf
r e e z e
oan
sed
to
ay
fo
he
ass
M u s e u m
expansion
and
e n o v a t i o n .
T h e s e
p a y m e n t s
were
p r e v i o u s l y
made
from
ater,
s e w e r , sorm
a t e r ,
g as
and
e s o r t
tax
r o c e e d s .
Additional ly,
TF
wll
o n t i n u e
tobe
utilized
to
d d r e s s
much
n e e d e d
i n f ras t ruc ture
i m p r o v e m e n t s
in
the
area,
i n c l u d i n g
but
no
imited
to
t r e e t s c a p e
l a n d s c a p i n g
and
a r k i n g . On-
going
and
planned
capta
r o j e c t s
inCty
Center
fo
FY
0 0 2 /
03
n c l u d e
the
fo l lowing:
Construct ion
of
the
Mam
Beach
Regional
L i b r a r y
and
renov a t ion
o
the
Lbay
o t u n d a
aubc
r o g r a m m e d
s p a c e .
Renovation
o
the
historic
Co l o n y
T h e a t e r I m p l e m e n t a t i o n
and
o n s t r u c t i o n
c o o r d i n a t i o n
o
he
eachwalk
p r o j e c t ,
c o n n e c t i n g L u m m u s
P a r k
wth
he
termnus
o
he
e x i s t i n g w o o d e n
b o a r d w a l k
a
3 r d
S t r e e t .
Im~
l e m e n t a t i o n
and
o n s t r u c t i o n
c o o r d i n a t i o no
he
s t r e e t -
e n d i m p r o v e m e n t s
to
17,
8th
and
20h
treets,
to
e
u n d e r t a k e n
as
part
o
and
n
c o n j u n c t i o n
wth
the
e a c h w a l k
p r o j e c t .
N e g o t i a t i o n
o
erms
fo
ease
and
d e v e l o p m e n t
o
7th
Street
s u r f a c e
los
o r
N e w
W o r ld
S y m p h o n y ,
open
space
park
and p a r k i n g
f a c i l i t y .
Planning
and
e s i g n
of
the
ty
Hal
x p a n s i o n
parkng
garage,
the
P
o
parking
g a r a g e
and
the
C o n v e n t i o n
Center
e xp an s io n
facility
A d m i n i s t e r i n g
m a n a g e m e n t ,
d e v e l o p m e n t
andlor
lease
a g r e e m e n t s
in
o n n e c t i o n
with
the
ol l owing
e n t i t i e s :
Loews
Hoe
Royal
Palm
C r o w n e
P l a z a
Hote
Anchor
Shops
and P a r k i n g
Garage
The
i n c o l n L i n c o l n
Pace
DLdo
Mam
Cty
a l l e t
C o o r d i n a t i n g
with
CP
on
planning,
budgeting
fo r
and
i m p l e m e n t i n g
i n f r a s t r u c t u r e
i m p r o v e m e n t s
t h r o u g h o u t
Cty
Center.
On
October
10,
002,
the
r o p o s e d
A m e n d m e n t toh e
Cty
e n t e r
M a s t e r
Plan,
h i c h
i nc l udes
the
y s c o v i c h
Plan
and
o m m u n i t y
Policing
e l e m e n t s ,
will
be
r e s e n t e d
to
the
Board
o
o u n t y
C o m m i s s i o n e r s
fo
ina
-
8/15/2019 436-2002 RDA Reso
15/16
September
25
002
C o m m i s s i o n
M e m o r a n d u m
RDA-
Cty
enter
R e d e v e l o p m e n t
Budget
Page
3 0(
4
outh
Pointe
In
outh
o i n t e ,
p r o p e r t y
vaues
x p e r i e n c e d
a
14.
7
p e r c e n t
increase
in
FY
001
02,
s
new luxury
r e s i d e n t i a l
a n d
c o m m e r c i a l
p r o p e r t i e s
such
asthe
Y a c h t
Club
a
o r t o f i n o
have
o m e
on
l i n e .In
Y
2002/
03
alues
are
p r o j e c t e d
to
n c r e a s e
by
p p r o x i m a t e l y
9ercent ,
s i n c e
a d d i t i o n a l
projects
are
no
a n t i c i p a t e d
to
mpact
the
tax
oles
until
the
f o l l o w i n g
year,
such
as
the
Murano
a n d
P or t o f ino
real
proects
On-
g o i n g
p r o j e c t s s h a p i n g
the
rea include
a$
0 million
s t r e e t s c a p e
i m p r o v e m e n t
p r o j e c t
fo
the
outh
Pone
A r e a ,
b a s e d
on
a
aster
Pan
by
u a n y
P l a t e r
Z y b e r k
and
n d o r s e d
by
he
South
P o i n t e
A dv isory
Board;
b u i l d -
ou
o
the
iami
B e a c h
M a r in a (
SSD
North
and
o u t h
parcels)
and
e v e r a l
other
p r o p e r t i e s
o w n e d
by
he
P o r t o f i n o Group,
i n c l u d i n g
the
o r t o f i n o
Tower,
he
Y a c h t
Club
a
o r t o f i n o
and the
u r a n o ;
the
lanning
and
e v e l o p m e n t
o
he
fina
phases
of
the
ourts
and
C o s m o p o l i t a n
P r o j e c t (
f o r m e r l y
the
C o u r t s
o
outh
Beach),
by
G r o u p e
Paci f i c ;
and
the
frs
hase
of
the
o n t i n u u m
Proect.
Durng
h e
next
fiscal
yea,
he
e d e v e l o p m e n t
Agency
will
u n d e r t a k e the
o l low i ng
i n i t i a t i v e s
in
o u t h
Pointe:
C o o r d i n a t i n g
design
and
d e v e l o p m e n t
o
he
S o u t h Pone
ibrary
on
h e
2 0 0
b l o c k
o
ton
o a d .
W o r k in g
wth
CP
to
on t i nue
wth
Phase
II
o
he
t r e e t s c a p e
i m p r o v e m e n t s
in
th e
aea
ncludng
e w
water,
storm
waer
and
r a i n a g e ,
sys te ms,
milling
and
surfacing
ofroadways,o n s t r u c t i o n
o
ew
i d e w a l k s ,
l a n d s c a p i n g ,
irrigation
a n d
new
sreet
lighting.
C o o r d i n a t i n g
the
consructon
f t h e
C o m m u n i t y
Garden
on
he
200
bock
o
o l l i n s
A v e n u e .
C o n t i n u e
c o o r d i n a t i n g
the
o u r t s l C o s m o p o l i t a n
of
South
B e a c h
project
and
related
s t r e e t s c a p e s .
C o o r d i n a t i n g
wth
CIP
and
he
a r k s D e p a r t m e n t
to
p d a t e
and
m p l e m e n t th e
South
Pointe
Park
M a s t e r Pan
R e c o n s t r u c t i n g /
r e p a i r i n g
the
Souh
o i n t e
Pe
o o r d i n a t i n g
G
O
Bond
p r o j e c t s
w i t h i n
the
istrict,
n c l u d i n g
th e
design,
c o n s t r u c t i o n
and
n s t a l l a t i o n
o
an
t
iece
fo r
the
ashington
Avenue
3rd
S t r e e t
Plaza.
a c i l i t a t i n g
and
c o o r d i n a t i n g
c o n s t r u c t i o n
a c t i v i t i e s reaedo
Murano
G r a n d e ,
Phases
I
and
II,
ncluding
bu
not
l i m i t e d
to
he
r e l o c a t i o n
o
pub l i c
utility
lines
from
the
SSD
o r t h
p a r c e l ino
the
u b l i c
right-
o-
ay
aong
the
arina
a n d
the
r e s t o r a t i o n l r e h a b i l i t a t i o n
o
the
seawall
a l o n g
the
a r i n a
a n d the
e m p o r a r y
pedestrian
b a y w a l k
a
he
SSD-
North
parcel.
F a c i l i t a t i n g
the
c o n s t r u c t i o n
o
a
o o s t e r
pum
saion
onAon
o a d ,
c u r r e n t l y
under
design
by
D M
E n g i n e e r i n g
and
Z y s c o v i c h ,
-
8/15/2019 436-2002 RDA Reso
16/16
September
25
002
C o m m i s s i o n
M e m o r a n d u m
RDA-
Cty
enter
R e d e v e l o p m e n t
B u d g e t Page
4
0
tshoud
be
o t e d
tha
in
c c o r d a n c e
wth
the
Interlocal
A g r e e m e n t
b e t w e e n
M i a m i
D a d e
County
and
the
ty
o
iami
B e a c h ,
a d m i n i s t r a t i v e
c o s t s
remain
c a p p e d
a $
00
000
n
ity C e n t e r .
In
o u t h
Pointe,
d m i n i s t r a t i v e
c os ts
have
e e n
r educ ed
by
3
percent
from
las
e a r 's
budget,
from $
818,
430
to$
93
430
Proposed
C a p i t a l
expend i tures
in
bohdistricts
are
based
on
anticipated/
projected
c o s t s
a s s o c i a t e d
wth
completng
c e r t a i n
exist ing
p r o j e c t s and
n d e r t a k i n g
new
e v e l o p m e n t
activity
in
h e area.
R e c o m m e n d a t i o n
In
rder
to
a d d r e s s
the
x i s t i n g
and
fuure
b l i g a t i o n s
in
he
two
e d e v e l o p m e n t
Areas,
it
s
e c o m m e n d e d
that
the
e d e v e l o p m e n t
A g e n c y
a d o p t
the
attached
esolut ion
w h i c h
e s t a b l i s h e s
o p e r a t i n g b u d g e t s
for
South
P o i n t e
an d C i t y C e n t e r
R e d e v e l o p m e n t
Aeas
fo
FY
002/
03