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HomeMy WebLinkAboutM-00-0974CITY OF MIAMI. FLORIDA INTER -OFFICE MEMORANDUM TO: The Honorable Mayor Joe Carollo and Members of the City Commission FROM:'-4 ROM: nez City Manager DATE November 1, 2000 FILE SUBJECT : Remaining Strategic Initiative and Blue Ribbon Task Force Funds REFERENCES: ENCLOSURES: Attached is a letter from Ray Goode who chaired an effortto provide a plan for the use of the remaining Strategic Initiative funds and the Blue Ribbon Task Force funds totaling $21,125,000. The Administration worked with Mr. Goode to develop this list. The three criteria used for selecting these projects were; projects that would reduce recurring expenditures and projects that would enhance economic development and increase the City's tax base. This proposed list of projects was planned to come to the City Commission for your review and approval on November 9th, prior to the November 15th Oversight Board meeting. With the change in the Commission meeting date that became impossible. The Oversight Board will review this proposed list at their meeting on Wednesday, November 15th and hopefully grant tentative approval of the proposed projects, pending approval by the City Commission at your meeting of Thursday, November 16th. Should the City Commission grant approval to move forward with any or all of these projects, we will begin implementation of them immediately. Ray Goode will be in attendance at the Commission meeting to present this Wpro sed list of uses of these funds. JN/jr Attached is a letter from Ray Goode who chaired an effort to provide a plan for the use of the remaining Strategic Initiative Funds and the Blue Ribbon Task Force funds totaling $21,125,000. The Administration worked with Mr. Goode to develop this list. The three criteria used for selecting these projects were; projects that would produce recurring revenues, projects that would reduce recurring expenditures and projects that would enhance economic development and increase the City's tax base. This proposed list of projects was planned to come to, the City Commission for your review and approval on November 9, prior to the November 15 Oversight Board meeting. With the change in the Commission meeting date that became impossible. The Oversight Board will review this proposed list -at their meeting on Wednesday, November 15 and hopefully grant tentative approval of the proposed projects, pending approval by the City Commission at your meeting of Thursday, November 16. Should the City Commission grant approval to move forward with any or all of these projects, we will.begin implementation of them immediately. Ray Goode will be in attendance at the Commission meeting to present this proposed list of uses of these funds. r. 0 � -9741 • 0 �/�yder Logistics & Transportation Solutions Worldwide November 8, 2000 The Honorable Joe Carollo Mayor, City of Miami Office of the Mayor 3500 Pan American Drive Miami, Florida 33133 Dear Mayor Carollo: R. Ray Goode Vice President Public Affairs At your request, I have met several times with the City Manager and several staff members as they developed a plan for the use of the remaining Strategic Initiative Funds and the Blue Ribbon Task Force Funds, totaling some $21,125,000. My objective was to monitor the process used by City staff in developing and prioritizing a project/program list, and to ensure that the following criteria were followed in the process: 1. Will the project/program reduce recurring costs over a multi- year period? 2. Will the project/program produce recurring revenues, either by increasing the property tax base or increasing other fees and assessments? 3. Will the project or program produce economic development activity in the City, thus fostering job development and an expanded tax base? I believe that the list of projects and programs on the attached schedule are responsive to the above criteria and if implemented, will provide both economic development gains and property tax relief. The administration reviewed scores of projects before arriving at the final recommended list. Many were appealing, and indeed, some of them (such as one of my priorities, the Knight Center) could have consumed the entire fund balance. So, the recommended list is a blend of immediate, short- term, and longer -term projects that meet the criteria listed above. .q J 3600 NW 82 Avenue, Miami, FL 33166.6623 Tel 305 500 4583 Fax 305 500 4579 Home Fax 305 238 3455 www.ryder.com The Honorable Joe Carollo Mayor, City of Miami Page Two November 8, 2000 I commend you, the City Commission, and the administration for being in a financial position to consider these programs. You deserve the commendation of each citizen for exercising fiscal restraint and good budget policies. Willy Gort Commissioner Tomas Regalado Commissioner Joe Sanchez Commissioner Arthur Teele, Jr. Commissioner Johnny Winton City Manager, Carlos Giminez ® 9`7 STRATEGIC INITIATIVES Below is a listing of the anticipated uses of the $21,125,000 in reserves for Strategic Initiatives and Blue Ribbon Initiatives: • Create a reserve of $5 million for improvements to the FEC Slip. These funds will be held in reserve pending the results of the study being undertaken on Bicentennial Park. The funds could be used for filling all or a portion of the slip or creation of other waterfront uses. • Create a pool of funds of $1 million to foreclose on derelict property. This would concentrate on the creation of developable parcels of at least one half of a city block. The property could be sold for development and be returned to the tax roll with the City recovering its costs of acquiring and demolishing the properties from the sales proceeds. • Use $300,000 to create a Fueling facility at Dinner Key Marina. This facility would generate net revenues sufficient to pay the costs back in one year. • $6 million for street improvements for Downtown, Brickell Avenue and the Design District to create the infrastructure to promote additional development. • Use $1 million to hire process engineers to look at City's internal process for recurring cost savings. • $2 million to hire outside consultants to fast track development projects such as: Watson Island, Bicentennial Park, Marine Stadium and Dinner Key. • Set aside $2.5 million to create a demonstration project for Solid Waste Removal. The Administration is reviewing several options that will reduce the ongoing cost of this service. • Use $300,000 to hire consultants to redraft and update the zoning code of the City. Any changes will have significant impacts on the future development in the City. • Undertake a traffic study to review the traffic flow on 81' Street for $70,000. This study will address the movement of traffic in relation to the Brickell Ave. drawbridge. • Create a pool of funds ($500,000) to hire consultants to assist developers on a cost reimbursement basis to fast track their projects through the building process. • Use $500,000 to hire appraisers to review the taxable valuation of properties within the City. The results of any abnormalities in value would be communicated to the Tax Assessor for inclusion in the tax roll of the City. • Use $1.955 million to create additional dockage and moorings at the City's marinas. The rate of return on such projects will pay for the improvements in less than five years.