HomeMy WebLinkAboutR-86-0922T-86--863 m.
11/13/8-6
RESOLUTION 00.
A RESOLUTION APMOYJW7 Till: cm nF Mial CAPITAL
IMPROVEiE1IT PROGRAM 19,R6 1992 IN PRTNCIPLE TO
PROVIDE GUIDELINES FOR CIT-f AGEIICIES, BOARDS AND
KPART1rENn .
WHEREAS, in accordance with Section 2-136 of the Miami City Code, the
Planning Department has prepared the Capital Improvement Program; and
WHEREAS, in accordance with Chapter 163,3177 (3) of the Florida Statutes,
the expenditure of public funds for capital improvements in accordance with
the adopted Miami Comprehensive Neighborhood Plan shall include estimated
costs, priority ranking relative to other proposed capital expenditures and
proposed funding sources; and
WHEREAS, the City of Miami Capital Improvement Program 1986 - 1992 has
been prepared to partially satisfy the aforementioned State law; and
WHEREAS, a capital improvement program is a desirable 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
plan; and
WHEREAS, the Miami Planning Advisory Board, at its meeting of November 5,
1986, Item No. 1 following an advertised hearing, adopted Resolution No. PAB
43 - 86, by a 7 to 1 vote, recommended approval, in principle, of the City of
Miami Capital Improvement Program 1986 - 1992;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. The City of Miami Capital Improvement Program 1986 - 1992, be
and the same is hereby approved, in principle, to provide guidelines for City
agencies, boards and departments.
— C1TY Comm SFOR
MEETM AP
NOV 13 1966
PASSED AND ADOPTED this 13th. day of
ATTEST:
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PREPARED AND APPROVED BY:
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CHIEF DEPUTY CITY ATTORNEY
APP
COR
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PTO FORM AND
CITY ATTORNEY
CITY or MIA.MF, F'l..t?R!D/4 I� -
IMTWR-QFCIM� F EIk ORANDVMt -
Honorable Mayor and Members VXT[: NOV 51986f f;.
of the City Commission
SUBJECT: Resolution approving, in principle,
the City of Miami Capital
Improvement Program 1986-1992
FROM: REFERENCE!:
Cesar H. Odio
City Manager ENCLOSURES:
RECOMMENDATION:
It is respectfully recommended that the City Commission adopt the attached
Resolution approving, in principle, the City of Miami Capital Improvement
Program 1986-1992.
BACKGROUND:
Enclosed herein is the proposed City of Miami Capital Improvement Program
(CIP) for the fiscal period October 1, 1986, through September 30, 1992,
prepared by the Planning Department. The Capital Improvement Program
identifies and analyzes all physical projects valued at $20,000 or more that
are proposed to be initiated after October 1, 1986, or that are ongoing at
that time. The Capital Budget, the first year of the six year capital
improvement program, identifies proposed capital expenditures for Fiscal Year
1986-87. Included in the Capital Zudget are those projects requesting an
appropriation for the first time in Fiscal Year 1986-87. As a companion item
the Commission will be considering the adoption of the Capital Appropriations
Ordinance, appropriating funds for the Fiscal Year 1986-87.
During the 'past fiscal year, twenty-three capital improvement projects
representing $19,505,000 in improvements were completed. Accomplishments
include, in order of total cost: Downtown Component of Metrorail - Stage 1
($3.3 million), Jose Marti Park Development - Phase I ($2.8 million), Bayside
Specialty Center Advance ($2.65 million) and Edison Street Improvements -
Phase I ($2.5 million). Other projects in excess of $1 million that were
completed are: Edison Plaza Shopping Center, Airport Seven Office Building
and Acquisition of the Miley Property.
The proposed 1986-1992 Capital Improvement Program includes 262 projects
valued at $563 million. Major emphasis is placed on Housing and Street
projects programmed throughout the six year plan. These two types of projects
together receive 36.3% of the total proposed funding allocation. In addition,
the categories of Parks and Recreation, Community Development, Parking,
Auditoriums and Storm Sewers, together receive a significant share of the
allocated funding (47.8%).
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Honorable Mayor and Members
of the City Commission
The 1986-1992 Capital Improvement Program is funded from five major sources.
City bonds provide 67.8% of the total funding requirements for the six -year
capital program. The Capital Improvement Fund provides 15.6X_ of the funding
required. Federal and State Grants account for 8.3%, private funds
while 6.3% of the funding remains undetermined.
Funds are not currently available to implement. every project proposed
throughout the last: five years of the 1986-1992 capital program. Available
funds to date represent 74.4% of the total program funding requirements, 19.2%
of the funding is anticipated to become available during ,years 1987-1992 and
funding for 6.3% of the program remains undetermined.
The proposed 1986-87 Capital Budget includes 104 projects. Included in this
year's fiscal budget are those ongoing capital projects receiving a decrease
as well as those receiving an increase in appropriations over the prior year's
appropriations, and those new capital projects receiving an appropriation for
the first time.
Deappropriation is the act of taking money out of the Capital Budget that has
not been used. The deappropriated funds are then rescheduled for projects in
later years. Deappropriations of $53.0 million occurred in four funding
sources: federal grants - $0.3 million, city bonds - $46.8 million, capital
improvement funds - $3.4 million and private funds -- $2.5 million. These
deappropriations were off -set by gross appropriations of $62.2 million from
the following sources: federal grants - $2.0 million, city bonds - $40.2
million, and capital improvement funds - $20.0 million. After accounting for
both gross appropriations and deappropriations, a. net appropriations figure of
$9.2 million results. This figure represents the additional money provided to
the CIP in FY'87.
The Planning Advisory Board will be considering the CIP for approval at their
November 5, 1986 meeting.
Attachments: Proposed Resolution
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