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HomeMy WebLinkAboutAgenda Item Summary Form��TV OI'�t r; AGENDA ITEM SUMMARY FORM File ID: #9457 o e Date: 07/29/2021 Requesting Department: Office of Management and Budget Commission Meeting Date: 09/13/2021 Sponsored By: District Impacted: All Type: Resolution Subject: Approve FY 2021-22 Multi Year Capital Plan Purpose of Item: To approve the City of Miami's "Fiscal Year 2021-22 Multi -Year Capital Plan" as required by the Community Planning Act, more particularly, Sections 163.3161 and 163.3177, Florida Statutes (2020), and pursuant to Chapter 18/Article IX/Divisions 1 and 2 of the Code of the City of Miami, Florida, as amended ("City Code"), entitled "Financial/Financial Policies/Anti-Deficiency Act/Financial Integrity Principles". Background of Item: The Office of Capital Improvements is tasked with the responsibility to execute capital improvement projects. The Office of Management and Budget is tasked with the responsibility of preparing and presenting the Capital Plan. Pursuant to Chapter 18/Article IX/Divisions 1 and 2 of the City Code, entitled "Financial/Financial Policies/Anti-Deficiency Act/Financial Integrity Principles," the City is required to prepare a capital plan detailing improvements needed to support City services. The proposed capital plan identifies $3.522 billion in projects ($883.534 million funded, $191.131 million partially funded, and $2.447 billion unfunded) for the Fiscal Year plus five additional years. The six year plan includes 770 active projects. During the current Fiscal Year new capital appropriations totaling $40.685 million will be used to fund 63 projects as detailed in the capital plan. Budget Impact Analysis Item is Related to Revenue Item is an Expenditure Item is NOT funded by Bonds Total Fiscal Impact: $883.534 million with $40.685 million newly appropriated Reviewed By Office of Management and Budget Lai -wan McGinnis Budget Analyst Review Completed 07/30/2021 12:40 PM Office of Management and Budget Leon P Michel Department Head Review Completed 08/02/2021 1:26 PM City Manager's Office Fernando Casamayor Assistant City Manager Review Completed 08/06/2021 11:52 AM Legislative Division Valentin J Alvarez Legislative Division Review Completed 08/09/2021 8:18 AM City Manager's Office Arthur Noriega V City Manager Review Completed 08/11/2021 10:56 AM Office of the City Attorney Richard Appleton ACA Review Completed 08/31 /2021 4:35 PM Office of the City Attorney Barnaby L. Min Deputy City Attorney Review Completed 08/31/2021 6:58 PM Office of the City Attorney Victoria Mendez City Commission Nicole Ewan Legislative Division Valentin J Alvarez Office of the Mayor Mayor's Office Office of the City Clerk City Clerk's Office Office of the City Attorney Richard Appleton Office of the City Attorney Barnaby L. Min Office of the City Attorney Victoria Mendez Office of the City Clerk City Clerk's Office Approved Form and Correctness Completed Meeting Completed Legislative Division Review Completed Signed by the Mayor Completed Signed and Attested by the City Clerk Completed ACA Review Completed Deputy Attorney Review Completed Approved Form and Correctness with Modification(s) Rendered Completed 09/01/2021 3:31 PM 09/13/2021 5:05 PM 09/14/2021 10:30 AM 09/23/2021 3:51 PM 09/23/2021 4:06 PM 09/24/2021 2:30 PM 09/27/2021 7:26 AM Completed 10/04/2021 5:26 PM �tzY,°v City of Miami City Hall I1f 111 111T11 X' „ 11 3500 Pan American Drive Legislation Miami, FL 33133 r R % www.miamigov.com Resolution Enactment Number: R-21-0353 File Number: 9457 Final Action Date:9/13/2021 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENTS, APPROVING THE CITY OF MIAMI'S ("CITY") FISCAL YEAR 2021-22 MULTI -YEAR CAPITAL PLAN ("PLAN") AS REQUIRED PURSUANT TO THE COMMUNITY PLANNING ACT, SPECIFICALLY SECTIONS 163.3161 AND 163.3177, FLORIDA STATUTES (2020), AND CHAPTER 18/ARTICLE IX/DIVISIONS 1 AND 2 OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, TITLED "FINANCIAL/FINANCIAL POLICIES/ANTI-DEFICIENCY ACT/FINANCIAL INTEGRITY PRINCIPLES," TO SET FORTH THE CITY'S FISCAL NEEDS FOR CAPITAL IMPROVEMENTS, SUBJECT TO AN ANNUAL PLAN REVIEW, TO DETERMINE PROJECT PRIORITIES, TO ADD NEW CAPITAL PROJECTS, AND TO MODIFY FUNDING ALLOCATIONS AS NECESSARY; PROVIDING FOR INCORPORATION OF SUBSEQUENT AMENDMENTS TO THE PLAN; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, a capital improvement programming process to support the Miami Neighborhood Comprehensive Plan is required pursuant to the Community Planning Act, specifically, Sections 163.3161 and 163.3177, Florida Statutes (2020), and Chapter 18/Article IX/Divisions 1 and 2 of the Code of the City of Miami, Florida, as amended, titled "Finance/Financial Policies/Anti-Deficiency Act/Financial Integrity Principles" (collectively, "Laws"); and WHEREAS, the City of Miami's ("City") Fiscal Year (TY") 2021-22 Proposed Multi -Year Capital Plan as presented to the City Commission, filed with the City Clerk, and posted on the City's website on July 12, 2021 incorporates the FY 2020-21 Multi -Year Capital Plan set forth in Resolution No. R-20-0307 adopted September 24, 2020, Resolution No. R-20-0387 adopted November 19, 2020, Resolution No. R-20-0409 adopted December 10, 2020, Resolution No. R- 21-0044 adopted January 28, 2021, Resolution No. R-21-0175 adopted April 22, 2021, Resolution No. R-21-0224 adopted June 10, 2021, and Resolution No. R-21-0264 adopted June 24, 2021 (collectively, "Proposed Plan"); and WHEREAS, during the current FY, new capital appropriations totaling $40.685 million will be used to fund 63 projects as detailed in Exhibit "A," attached and incorporated; and WHEREAS, the Proposed Plan is a policy and management tool to plan municipal borrowing and indebtedness over a period of time, to establish annual expenditures within a framework of long-range fiscal requirements, and to serve as an official statement of the City's development plans; and WHEREAS, this Resolution is adopted as amended by incorporating the applicable changes listed in the memorandum dated August 31, 2021 and signed by the City Manager, attached and incorporated as Exhibit "B"; and WHEREAS, the Proposed Plan shall incorporate all amendments thereto; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section. Section 2. The Proposed Plan as presented to the City Commission, filed with the City Clerk, posted on the City's website on July 12, 2021, and as amended by Exhibit "B", attached and incorporated, is approved as required pursuant to the Laws to set forth the City's fiscal needs for capital improvements, subject to an annual plan review, to determine project priorities, to add new capital projects, and to modify funding allocations as necessary. Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.' APPROVED AS TO FORM AND CORRECTNESS: 1 i 4naldez, Ufy Attor iey 9/1/2021 ' If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission.