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Home My WebLink AboutO-09372kzl - ANbMENT; NO Y u: "FO ORDINANCE NO Y q ORbINANCE 1401 { - AN ORDINANCE AMW)ING stcTION-1. OF ORbiNANCE NO. 05,85 ADOPTED NOVEMBER 1q)'10810 THE CITY'S CAPITAL IMPROVEMENT APPROPRIATIONS ORDINANCE w POR FISCAL` SEAR 1981421 AS, AMENDED;. RY bRCIiEAS ING APPROPRIATIONS IN AN AMOUNT OF 060, 000. PROM � 1910 AND 19�8 STORM SEWER GENt AL OBLIGATION BOND — FUND FOR STORM SEWER CAPITAL PROJECT LOCAL DRAINAGE PROJECTS AND APPROPRIATING SAME — AMOUNT'OF'$260,000 TO ESTABLISH PROJECT V&.C.4, — LATIN QUARTER STORM SEDERS PROJECT; BY TRANS ._ FERRI= 'REMAIN `AND 'AVAILABLE, FUNDING BALANCE , j— IN AN AMOUNT OF,,$15 17 oOOO FROM PROJECT,VI� Ba14Y, r THE, 1972 :PARK AND RECREATIONALFACILITIES GENERAL OBLIGATION BOND FUND ALLOCATED T THE.APITA PARK , ACQUISITION CAPITAL:.PROJECT,'TO Q THE CAPITAL. IMPROVEMENT V= 1STABLISHING SAID PROJECT, AS ; PROJECT IX. `,B.(i)24:,:AND FURTHER.INCREASING s APPROPRIATIONS IN'AN;,AMOUNT OF'$4000,000'FROM UNALLOCATED PROCEEDS OF THE;INTERAMA LAND SALE. BY ESTABLISHING ANEW APPROPRIATION IN: AN 'AMOUNT' OF,_$400,000"FROM UNALLOCATED ACCRUED:.INTEREST,. EARNINGS`FROM THE 1976."HOUSING,GENERAL OBLIGA TION 10ND FUND TO,INCREASE.APPRO,PRIATIONS:"FOR ; PROJECT VIII. B.1., HOUSING DEVELOPMENT:PROGRAM FOR AFFORDABLE RENTAL HOUSING; BY APPROPRIATING AN AMOUNT OF,$300;000:FROM UNALLOCATED RESERVE FY 1982 FLORIDA,POWER AND.:LIGHT FRANCHISE,EARN-, INGS AND $175,000:FROM.PROCEEDS OF VIRGINIA KEY ', LANDFILL SALE TO INCREASE.APPROPRIATIONS.-F.OR,.,_ PROJECT IX. .B..(i)11.,;BLUE, LAGOON; BY ESTABLISHING A NEW APPROPRIATION IN AN AMOUNT OF $200,000 FROM . OF THE VIRGINIA-KEY LANDF PROCEEDS ILL SALE TO ' ' INCREASE APPROPRIATIONS FOR„PROJECT",IX. B. BAYFRONT PARK BAYFILL',.LANDFILL AND BULKHEAD "RE- - OR'PARK- PLACEMENT; BY;INCREASING,APPROPRIATIONS:F11 - ING,CAPITAL PROJECT XIII. B.:(i)1;,,-CORE AREA WEST PARKING GARAGE :IN AN'AMOUNT OF_$60,000 FROM_A LOAN-FROM,THE:CAPITAL IMPROVEMENT.FUND FY 1982 FLORIDA POWER ANDLIGHT FRANCHISE, EARN-, 'OISION INGS;::, CONTAINING;<:A',REPEALERPRV; SEVERABILITY CLAUSE;, AND LISP EN S ING .WITH THE ; ■ REQUIREMENT OF READING SAME OF SEPARATE DAYS BY 'A VOTE OF NO"LESS,.THAN_FOUR—FIF THS i, OF THE MEMBERS OF THE.COMMISSION: ;. - e 353onNovembeWHEREAS, thr 19, 1981 establishing resources and. appropriations for the implementation of capital impove� �- n_ the City. of Miami Florida .for tie g ments.i , - Fiscal Year endi� September 3 0� 1952; atd WHEREAS, construction plans and'specificati�ns gave been pTepard Or,. hatin - Quarter paving project -phase 11, a project which the City has agrpe� f } `xr e r 4 n ]. r „y ',' - r t fjlj, to eceb 5if sh L1Yider the U.8 Debartment of i�erce Ecoriomic .beVelop�ient ti�atching "t,atin Quarter'Grant accepted under authorization of 1 e o1 ution nog 7g��3;and :e wiERgAS funding has not be for the storm sewsr.portio en set aside n of the Latin Quapter Paving Pro d ect, — — j the total sewer c estimated cost for the storm' onstruction „ is $260,000; and WHEFiJA.S, the. Local Drainage Projects funded by 1970 and 197$ Storm Sewer General Obligation Bonds can be decreased by an available amount $ to be used to torm Se of 260,OOb fund the Latin Quarter wers pro ect as,r S J — a new project in the storm Sewerp , and ca ital progx�arri WHEREAS, the City Cotmmission adopted Motion,81-5,68 on June 2% 1981 - instructing.its Special Council William-Frates to conclude all legal matters pending concerning the purchase of the F.E:C. property on Biscayne Boulevard wising Interama.Funds; and WIRFAS, there exists a shortfall in excess of the approximately $20,000,000 presently existing in the:fund for purchase of the F E.C. property;.and WHEREAS,,additional unallocated funds in an amount of $4,000,000 t Rand Pro P Impro weeds from the Capital vemen , of the Interama Larid'Sale, are available and can b`e,applied towards making up the shortfall; and WfEA33' the remaining and available funding balance'"in an amount of $15,173,000 from the Parks Capital Fund, F.E.C. Park Acquisition Project will be, transferred to the Capital Improvement Fund; and WEB, ahe City of Miami in Mardi, 1976"passed a $25a0g0,0oo' General Obligation Hour ing' Bond 'Issue to provide fluids 'ire 'the development — folow and moderate incomeh,ousingto alleviate the crucial need`for .- such housing:.,. ; and _ AB, the City of Miami Corranisson adopted prdinarle No. $5?} 'ebuary �#, 1976 w a#� provides that the Cit s ha2I enter into r , one Qr. rpro ; >_ WeeMents with the Court Y �ovic n. for .the ai�liQet on Of the procps ;s ' sucks bonds in aoeordance with the WVisions or this > ee me vide that Ouch mceed� sal .�a heir in e t d 3 ,.. . Y { f _ T ✓4, A - t � .. J .4 tN.'=WO�uk ;F einves by the City and s an and invested and r' ted the eannir�g doses shall be credited or .charged to such P nd anti shall further pro that ill- or :..�_ r portion Of the morie in "such trust fund my be used. to a"65ist'.the = Cotulty 3n f3�iar�ding such housing 3n the `City and may: also die used to: marketability of such County Obligat ins increase the security'and 5 as" `e shall be mutually, agreed' upon from t t ime to time to acq�xire, cons tact i ' and rehabilitate housing in'the City of, Miami for, families and persons, including the elderly, of low or moderate income; and WFO�8A83 the provision of Ordinance No. ` 851?� also delineates the scope = Of other applications which includes the use of,funds to. deft. any costs or expenses incurred by the City with respect to 'actual or potential financing of low_ and moderate income families; and WE03EAS, the City Commission, through -Resolution No. 811848 adopted October 7, 1981, approved the implementation of the City'of Miami Affordable Rental dousing Development Program; and 41iiFEAS, pursuant to the implementation of. the City of Miami Afford- able Rental Housing Development Program, various costs and expenses "incurred will include the cost ofadministration, legal expenses,,advisory fees and other related costs with respect.to the financing of housing pursuant to Ordinance No. 8514;,and s; WHMAS,interest income in the amount of $400,000 generated from the sale and investment of the 1976 Housing General,'Obligation Bond Fund proceeds , are available to cover the above described costs and ;expenses; and 1,AS, the'City of Miami acquired title to the Blue Lagoon Property on January 26, 1981 pursuant to eminent domain proceedings, and WfiFRF�AS, the Blue Lagoon property will be -used sed for recreatio na1 , Purposes, and a de sit b the City in.the amount of $448,000 way placed WAS, y - in the _Court registry for the acquisition of the two;' Parcels — of the Blue n FM, rty; and x W� a figure of $900,OQ0 for land value has been.eatab iah oon for the flue Pax�els; arrd i i - 4 X at v t i�#REAB, ab a r f the settlettent there retains 'a deficit of a thinittutt of $452, 006 for the Clue &goon property,' an- t V'REAS, additional funds in the atiotht of $475,000 twill be regti rid complete the aoquisition of the Bltt Lagoo dd funds to e . n property and provri — that tha be deeded to aatiafy telocatioti oeta; an — WtIBR AS, additional iestrve V 19k Vlbtida Eowet anA bight Pratte. a6' Earnings ate available in the amount of $500,000, and WHEREAS, by adoption of Motion 81-1054:dated December:l0, 1981, the City Manager was authoried to sell an additional. 200,000.cubic yardo o� from Virginia Key p l.itan bade Count , of which $17% 000 is fill to.Metro o y available to 'complete the acqu_isition''f the Blue Lagoon Property and:: — , provide,.fuhds that'aiay'be needed to satisfy,relocation .costs ; and�: WHERE�AS,by��adop�tion of Resolution No. 81-946, dated Novembet12�� 1981, .. , the City Commission authorized the City Manag er to'accept'-from:the Dade County Port'Authority. the sum of, $215;000 representing payment' for 'the sale of,1500000 cubic yards of fill to be removed from Virginia Key; and WHEREAS, said fill,being that,which was, deposited under contract_by Dade-County:Port Authority in its.prior dredging operations; and. WHEREAS, in 1979, a sum of $200,000 was, ransferred from`the:Bayfront' Park Landfill capital project,to the Blue Lagoon.Park capital project and this -amount has yet to be returned to said Bayfront Park'Project; and WHEREAS,'the proceeds of the herein authorized sale up to the amount_;; of.$200,000.are,hereby allocated for the purpose of reimbursing the.Bayfron, Park Bayfill, Landfill and Bulkhead Replacement Capital, Improvement Project pursuant..to Resolution No. 81-946;,and,; WHEREAS,, by adoption`of.Resolution No..80-819 dated .November 6,,.1980__: andResolution .No. 80-861.dated November 26', 19809 the City. Cormission authorized the�City Manager to initiate a study to investigate:the public '- need for parking in,the,portion of the„Central Business District designated as.Core.Area West and to determine the ,economic feasibi,lity'of develppin =4 a_ multi-stor public Y P parking €acility, and M . - a p � - - - r'Al,-Kimley-IiQrn' 4Ad Wk1EREAS the selected rpfessional cgnsul.ttl* fi -, ed tkte a ki re uiremehto ad:needs�1 Associates, Inc.,as'investigat p. .4 3a15..d t� ?R�-ned tbe, economicis 6f Unde to �1� 'doVe 9 Fit D .$ �a . , T1 lit _ And. 8: 4 i tt+.^r ua •N4 + the erisr tAmts hale eund that thee it an L sting, tefic3enG�t Parking aoes and that theY'e %4ill be a t6htiftuai 3�►o�esse .3ri In' the deficiency in lore klea West i su�Yi that need`e pub5e pariri is est.abl�.shed; and .. ��p the corisu� tarits haste prepared a final draft' - s w3 eh WJ�S. �. dated in by City Commission eaolution $i 759s �— W8Ls ccepted principle September lb,' 1981; and eptetnber l8ASC xi 3 the City Commission, in Lotion 81-76n�'dated obtain app sisals of the property) end i981, directed the City Manager ,to WI3EERES, the City Comm sion' in Motion 81-7�0•; detect t 10, 1981, ed the City Attorney to engage legal services in Septdirectey ember with the Core Area West project; and . connection 60;000,`and WHEREAS) the services will be $ ` the cost of the WHEREAS, $60,000 is available for the aforementioned purpose as, Light Franchise earnings; and from FY 198 2 Florida Power and L loan 0 f 60 000 will be available -'from the he amour t $ funds t 4 WHFI�EAS, '. ted Core Area West parking facility revenue bonds upon sale of said anticipa.. - ens of funds ,to the Capital Improvement Fund, FY 1982 bonds for the repaym . Florida Power and Light Franchise earnings,' THE CITY BE IT BY THE CONIl�SSION OF OF NOW T�iEREFURE, ,ORDAINED MIAN� FLORIDA: r er 19, 1 of Ordinance No.. 9353, adopted Novemb , Section 1. Section 1981, is hereby air►ended in the following pa rticulars: 1/ a ro nations hereby made by. — , "Section 1. The:following PP P authorized fund and project title include,previously fund appropriations for implementation'of10 projects„and municipal capital: improvements"of the City; of Miamn 1 ein al er S u rt the h Pad, Florida. The sources of revenues -t0 appropriations„are hereby identified by and pro jest: s /or figu �+ y� oxenrL1 t1�h �11 be delete . U d�rSo ,. /' pt; pro 'is and/ r figures cQnstttute,the rc Q. o. i Sips 8 iIAW ._. - . ghe&b a A #' R' omitted end ur ? r r , 777 App�p�iati�t� 3.i1 th0usah . `... Vi 1070 and 1978. 8t rr► et�teY�; �enc ObUgatloh 86tid vMd { g. Conti hued pro, eCt 6 : Local twainage Bros ects (7100) � $l 1-3-7 5 . 0: ' C. New, Projects: 4, Latin Quarter Storm $250'0 Sewers . . 197R Park'and'Recreational Facilities - General Obligation Bond Fund Gene B . . Continued Pro j ects 1 nC P ark Acquisition (7056), . (Transferred to Item IX.B(i)24. ) $15�173 .0 1970 Housing General. Obligation Bond. Fund VIII. A. Resources: f`r'om Accrued Interest Earnings $ . TOTALREsouRCFS -49 4094e $9 800.0 _ R Continued 1. Housing Development Program (902D) fir,690 $5,800.OD _