HomeMy WebLinkAboutExhibit 1Exhibit 1 - Project Budget and Description Initial Date
Miami -Dade County
Building Better Communities General Obligation Bond Program (GOB)
Renovate Miami Marine Stadium
City of Miami
Project Number 293-76635
REVENUES
Milestones
EXPENSES
FY 2020 - 2021
GOB Allocation
Future GOB
Allocation
"Other Funding
Allocations
Total Estimated
Revenues
Projected
Start Date
Schedule End
Date
Total
Estimated
Expenses
0
Project Administration
0
650,000
650,000
Project Administration Non -GOB
211118
511122
650,000
0
Land Acquisition
0
0
Land Acquisition Non -GOB
0
0
Pre -design, Planning, including
preliminary engineering
0
2,300,000
2,300,000
Pre -design, Planning, including
preliminary (Non-GOB)211118
1/1/19
2,300,000
0
A&E Selection
0
0
A&E Selection Non -GOB
0
0
Design
0
1,428,475
1,428,475
Design Non -GOB
211119
1011119
1,428,475
0
Dry run/permit
0
300,000
300,000
Dry run/permit Non -GOB
1011119
411120
300,000
0
Contractor Selection
0
0
Contractor Selection Non -GOB
0
3,000,000
3,000,000
Construction On Going
1011120
511122
3,000,000
36,285,091
36,285,091
Construction On Going Non -GOB
1011120
511122
36,285,091
0
Construction Substantially Complete
0
0
Construction Substantially Complete
Non -GOB
0
0
Other
0
0
Other (Non -GOB)
0
3,000,000
0
40,963,566
43,963,566
TOTALS
1
43,963,566
" Other Funding (List sources and amounts)
Funding Source
Amount
City of Miami Funds
38,000,000
FIND Grants
2,413,566
Historic Preservation Grant
500,000
Total
(Tree Trust Fund 1 5u,uuul 40,963,5661
Project Narrative/Description
The Marine Stadium located at3501 Rickenbacker Causeway is one ofthe most important historic property forthe City of Miami. The facility presented the mostfamous
musical concerts in Miami history as well as other water sport activities. In 1992, twenty one years ago, Hurricane Andrew damaged the Stadium. Since then, the
structure ofthe Stadium has suffered enormous deterioration. Major repairs and replacements have to be done in orderto preserve this historic building. The project
includes the historic resoration ofthe Marine Stadium to a successful and operable venue for functional use by City of Miami residents and visitors.
GOB Total Funding Allocation Narrative/Description
The scope ofwork for GOB funds involves construction activities for the historic restoration and renovation ofthe Marine Stadium such as (but not limited to) structural
restoration ofthe stadium, with materials, features and character as itappeared in its original likeness during the 1960s. Work also includes, new systems i.e. electrical,
mechanical, lighting, sound, plumbing, new seating and removal ofasbestos material as necessary.
GOB 2020 - 21 Funding Allocation Narrative/Description
All GOB funds will be used for the construction phase ofthe projectwhich is planned between October 2020 to May 2022.
**For municipalities and public agencies, this exhibit, along with the entity's resolution, conforms with Article III, Section I, A2e ofthe Building Better Communities Bond Program (GOB)
Administrative Rules.
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