HomeMy WebLinkAboutCapital_PLan_FY06_PresentationITYOFMIAMI
i
7t-3r/c
CAPITAL IMPROVEMENT PROGRAM
2005-2006 MULTI -YEAR CAPITAL PLAN
MAY 25, 2006
DEVELOPMENT PROCESS
•:• Focus of CIT since prior Plan has been delivery of projects,
particularly the $155 Million projects funded through the first
series of Homeland Defense / Neighborhood Improvement
Bond (HD1)
DEVELOPMENT PROCESS (CONY.)
❖ Legislation brought before City Commission to accomplish:
❑ Project deferrals and advancements (swaps) between HD1 and
HD2 to insure the commitment and expenditure of all HD1
proceeds;
❑ Increased funding allocations to projects based on cost escalation
due to highly competitive construction market conditions currently
being encountered by state and local governments;
❑ Allocation of new revenue collections or sources (such as impact
fees, local option gas tax and grants) to projects;
❑ Modification to projects (additions or deletions) based on
unforeseen conditions or changed priorities.
DEVELOPMENT PROCESS (CONY.)
❖ This year's process differed from last due to constraints.
❑ CIT's primary focus was the delivery of the HD1 and other current
year funded capital projects;
❑ Significant cost escalations based on current market conditions
required the reallocation of significant portions of 2005-2006 capital
funding to cover budget shortfalls on existing funded projects;
❑ Reallocation required to preserve the integrity of the existing funded
project commitments precluded the funding of many new projects.
DEVELOPMENT PROCESS (CONY.)
In addition to delivery of the HD1 and current year
funded capital projects:
❖ CIT also focused on development of Streets Bond Program
and the Miami Streetcar project
❖ Next Plan by March 31, 2007
❑ Will include a more comprehensive assessment of client
department needs.
MIAMI STREETCAR
❖ Purpose
❑ Responds to Miami 21 Smart Growth
❑ Addresses requirements of Growth Management Act of 2005 by
providing an alternative mode of transportation
❖ Timeline
❑ Alternatives Analysis — July 2006
❑ Financial Plan — July 2006
❑ Procurement — RFQ - Fall 2006
❑ Commission Approval of Project — September 2006
❑ Begin Construction — Winter 2007
❑ Begin Operations — Spring 2010
GROWTH MANAGEMENT BILL SB-360
Transportation Investments to Support
Growth Management
Senate Bill 360 (Chapter 2005-290, Laws of Florida)
($ in millions)
General Revenue Cash
10-Year
05-06 06-07 07-08 08-09 09-10 10-11 11-12 12.13 13.14 14.15 TOTAL
$1,117 $542 $542 $542 $542 $542 $542 $542 $542 $542
$5,995
March 2005 Tentative Work Program
Tentative Work Program Capacity
$6,960 $6,293 $6,067 $5,233 $6,069 $6,402 $6,311 $6,321 $5,964 $6,000
$3,240 $2,642 $2,506 $2,172 $2,538 $2,658 $2,555 $2,468 $2,123 $2,400
$61,620
$25,302
Uses of Additional Funds - Commitments
SIS Projects
$300
$475
$500
$500
$500
$500
$500
$485
$485
$485
$4,730
State Infrastructure Bank _
$100
$100
Regional/Local Priorities
New Starts Transit Program
$54
$65
$70
$70
$75
$75
$75
$75
$75
$75
$709
Small County Outreach Program
$27
$35
$35
$35
$35
$35
$35
$35
$35
$35
$342
Transportation Regional Incentive Program
$275
$200
$135
$135
$135
$135
$135
$135
$135
$135
$1,555
County Incentive Grant Program
$25
$25
Subtotal
$381
$300
$240
$240
$245
$245
$245
$245
$245
$245
$2,631
Total
$781 $775 $740 $740 $745 $745 $745 $730 $730 $730 $7,461
Note:
These are funds that are new to transportation that will be added to the Florida DOT Work Program. The amounts above are Work Program
"commitments" that would be generated from the cash from General Revenue nonrecurring of $575 million in fiscal year 2005-06 and
Documentary Stamps Tax of $541.75 million annually beginning In fiscal year 2005-06 to be deposited In the State Transportation Trust Fund.
Carte Cit.i, Cite gcctuwe
SIGNIFICANT CHANGES
The most significant changes in the Current 2005-
2006 Capital Plan from the Prior 2004-2005 Plan:
❖ Increased revenues resulting from the City's revised impact
fee structure
•:• New revenues from the County Building Better
Communities general obligation bond program (GOB)
dedicated toward City projects, and
❖ The allocation of current year revenues for streets projects
SIGNIFICANT CHANGES (CONY.)
The City Commission approved ordinance 12750 to
completely revise the impact fee structure.
❖ Increased revenues
❑ Little Haiti Park — $940,000
❑ Grapeland Park — $800,000
❑ Jose Marti Park — $575,000
❑ Bicentennial Seawall Phase III — $1,223,000 (To complete the final
phase of seawall restoration. Per Resolution 02-1303 these monies
are to be replaced over the next several budget years with ad
valorem tax receipts from One Miami.)
❑ Curtis Park — $811,800 (To match funds granted by the NFL to
provide soccer/football facilities.)
SIGNIFICANT CHANGES (CONY.)
The Miami -Dade County General Obligation Bond
approved by voters that includes $91,761,000 for
Capital Projects to be directly administered by the City
of Miami:
❖ New revenues
❑ Little Haiti Park — $7,300,000
❑ Grapeland Park — $18,500,000
❑ Linear Parks, Greenways and Baywalk —
❑ Orange Bowl — $50,000,000
❑ Englewood Storm Sewers — $6,250,000
❑ Glenroyal Storm Sewers — $3,519,000
❑ Northwest Storm Sewers — $5,231,000
we -4%
SIGNIFICANT CHANGES (CONY.)
•:• Allocation of current year revenues:
❑ Allapattah Street Infrastructure - $2,000,000
❑ Allapattah NW 22nd Court - $812,500
❑ Downtown Street Infrastructure - $3,000,000
❑ South Miami Avenue - $2,812,771
❑ Shenandoah & Silver Bluff Traffic Calming - $2,687,000
❑ NE 39th Street - $2,343,600
❑ Spring Garden Bridge Repairs - $1,406,346
2005-2006 CAPITAL PLAN BY FUNDS
••• Largest funds are Streets and Sidewalks 39.7%, Parks and
Recreation 17.5%, and Public Facilities 11.7%.
FUNDING SUMMARY BY FUND - TOTAL OF $805.2M
❑ $2.2M
0.3%
• $31.2M
3.9%
❑ $320.0M
39.7%
❑ $91.7M
11.4%
0$4.7M ❑$2.8M
0.6% 0.3%
❑ $41.3M ❑ $69.5M
5.1 % 8.6%
❑ $6.5M
0.8%
❑ $94.0M
11.7%
❑ $141.3M
17.5%
❑ 301-CRA projects
❑ 311-General Government
❑ 312-Public Safety
❑ 313-Disaster Recovery
❑ 325-Public Facilities
❑ 331-Parks and Recreation
❑ 341-Streets and Sidewalks
• 343-Mass Transit
❑ 351-Sanitary Sewers
❑ 352-Storm Sewers
❑ 353-Solid Waste
J
BREAKDOWN BY FUNDING TYPE
❖ The City Bonds represents the largest share of funding in
the Capital Plan.
FUNDING SUMMARY BY FUND TYPE - TOTAL OF $805.2M
❑ Grant - Federal
❑ Grant - State
❑ Grant - Miami -Dade County
❑ Grant - Other
❑ City Bonds
❑ CIP Fees/Revenues
❑ Private Donations/Other
FUNDED PROPORTION
••• Unfunded amounts account for 45% of total estimates.
❖ Projects will be evaluated annually based on priorities and
availability of funding.
PROPOSED STREETS BOND
•:• $155 million special obligation bond secured by following
recurring revenue sources:
❑ Transit 1/2 cent surtax
❑ Local option gas tax
❑ Parking surcharge
MOST SIGNIFICANT PARTIALLY
FUNDED PROJECTS
❖ Police Training Facility - This project currently has a
shortfall of $16,480,000.
❖ Fire Stations (F.S.) #1, 10, 11, 13 & 14 —These projects
have a cumulative shortfall of $15,668,767.
❖ Wagner Creek/Seybold Canal Dredging - This project
currently has a shortfall of $11,367,826.
❖ Orange Bowl Redevelopment — Shortfall to be determined
EXPENDITURE HISTORY
Community Redevelopment Area
CAPITAL EXPENDITURES BY FUND
Fiscal Years 2000-2005
FY2005 Six -Year
FY2000 FY2001 FY2002 FY2003 FY2004 Unaudited Total
224 342,151 342,375
General Government 7,054,585
8,783,576 12,745,765
14,291,740 13,366,705
19,884,342 76,126,713
Public Safety
Disaster Recovery
Public Facilities
5,912,037 5,645,758 4,769,350 4,294,039 2,966,530 3,691,041 27,278,755
876,020 303,659 1,372,924 1,480,407 4,030,609 2,236,357 10,299,976
2,547,417 2,044,163 3,443,803 3,733,474 6,996,211 5,106,933 23,872,001
Parks & Recreation 6,270,928
7,949,722 8,102,014
6,270,715 12,707,092
21,590,807 62,891,278
Streets & Sidewalks 971,761
3,953,856 4,547,662
3,288,732 11,041,884
35,782,582 59,586,477
Mass Transit
Sanitary Sewers 194,115
1,779,918 356,214 62,012 1,264,303 3,656,562
Storm Sewers 1,573,300
3,051,332 4,195,545
3,809,560 3,239,327
4,781,591 20,650,655
Solid Waste
1,687,416 1,999,949 4,319,422 5,045,759 296,634 342,974 13,692,154
Total $ 27,087,803 $ 34,074,166 $ 45,276,403 $ 42,570,640 $ 54,707,004 $ 94,680,930 $ 298,396,946
Percent change from prior year
25.8% 32.9% -6.0% 28.5% 73.1%
Notes:
Expenditure figures for FY2000 through FY2004 are from the CAFR's.
Expenditure figures for FY2005 are unaudited.
OPERATING IMPACT
• Capital Project impacts attempt to identify all associated
operating costs (human resources, maintenance, utilities,
equipment) as well as revenues.
Fiscal Years 2005-06 through 2010-11
The cost impacts from the following projects will be funded from each department's operating budget. For some
projects or departments, the operating impacts show a negative amount denoting savings. For example, the
installation of high efficiency air conditioning units may result in energy savings costs or a project may produce
more revenues than expenses. Additional information can be found on the respective project detail sheets.
Current Year 1 Year 2 Year 3 Year 4 Year 5
Department FY 2005-06 FY 2006-07 FY 2007-08 FY 2008-09 FY 2009-10 FY 2010-11 Totals
Parks & Recreation
Public Works
Public Facilities
Fire
Police
1,254,000 2,166,700 2,275,035 2,388,787 2,508,226 10,592,748
208,500 421,190 785,669 838,461 892,046 944,948 4,090,814
-217,344-226,582-284,356-339,641-1,067,923
8,000 17,000
17,000 42,000
12,000 21,800 3,874,068 1,730,716 1,514,113 1,360,451 8,513,148
Total Operating Budget Impact
Report Totals 220,500 1,696,990 6,609,093 4,625,630 4,527,590 4,490,984 22,170,787