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HomeMy WebLinkAboutExhibitUATU TT4i C€xiu: ,,me i &6p1G a- a agaiiiitSOWW�,_-.a "L4e�-:'-: r,lE11.71bt LeRE "" 11;pL p I r11116RLlMit1119 ~",-` {h•iNki esr1F��P.i41444919i#iLRE7 Ili'WIN ' .J .",rlY81tlLalitf!,a�_1e��;wd€ II14:4111Vr.E1�h44Yll-��::'�_'me .€I nll. R11"e''YhOaii.Lf9wdF®�ILeA:�€„ rrw N I' 111;'— 11 L^ v=a 1►1M� I,IirL�'J.?�C i1,=u=�;yiIl�p_i�- �4 lull i�f2e Cue gutivte 1k C lX 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN TABLE OF CONTENTS PREFACE Capital Budget Message Table of Organization 1 3 How to Read this Document 4 1. INTRODUCTION Purpose 5 CIP Development Process 5 Prioritization Criteria 7 2005-2006 Multi -Year Capital Plan Overview 8 Growth Management Act 9 2. HIGHLIGHTS Highlights by Fund 13 Significant Changes from 2004-2005 Plan 21 3. FUNDING OVERVIEW Funding Sources 23 Funded, Partially Funded and Unfunded 25 Expenditure History 27 Discussion on Homeland Defense/Neighborhood Improvement Bonds 28 Discussion on Proposed Streets Bond 31 Discussion on Miami Streetcar 32 Section Reports: 1-Funding Type by Job No 35 2-Fund by Phase and Funding Source b1 3-Fund Status Detail 64 4-Overall Funding Cashflow Summary 103 5-Homeland Defense/Neighborhood Improvement Bond Allocations 104 6-Homeland Defense Series 1 and Interest Cashflow Curve 105 Crane t du e 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN 4. INDIVIDUAL FUND REPORTS Community Redevelopment Area Fund Overview 107 General Government Fund Overview 111 Public Safety Fund Overview 115 Disaster Recovery Fund Overview 119 Public Facilities Fund Overview 123 Parks & Recreation Fund Overview 127 Streets & Sidewalks Fund Overview 135 Mass Transit Fund Overview 143 Sanitary Sewers Fund Overview 147 Storm Sewers Fund Overview 151 Solid Waste Fund Overview 155 5. OPERATING IMPACT Operating Impact Summary 159 Section Reports: 1-Parks & Recreation Department Summary and Detail 161 2-Public Works Department Summary and Detail 183 3-Public Facilities Department Summary and Detail 203 4-Fire-Rescue Department Summary and Detail 209 5-Police Department Summary and Detail 215 6. APPENDIX Alphabetical Project Index 219 List of Completed Projects in FY2004-2005 233 List of Unfunded Projects with Estimated Costs 239 Glossary of Terms 243 Map of Community Redevelopment Area (CRA) 247 Map of Proposed Streetcar Route 249 l�rte C'iiri, Cue 7irtiv'e 1 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN CITY of MIAMI, FLORIDA Manuel A. Diaz Joe Arriola Mayor Chief Administrator / City Manager Capital Budget Message On behalf of our colleagues on the City Commission, we are pleased to present the 2005-2006 Capital Improvements Program and Multi -Year Capital Plan — the CIP. Among the many changes we've implemented over the last three years, the re -introduction of a capita] planning process is yet another initiative that puts City government back on track as an effective, service and result -oriented force bent on meeting the needs of its residents and visitors. The importance of this type of investment plan cannot be overstated --- the preservation and management of these significant capital resources, both physical assets and funding, are the foundation on which we build the Miami of the future, the heart of South Florida and gateway to the rest of the country for Latin America and the Caribbean. Under the guidance of Miami's elected officials, capital improvements are once again focused on core planning principles and fundamental urban needs: infrastructure, transportation and quality of life. The Plan demonstrates the City's renewed commitment to positively impact the lives and well-being of its residents and visitors by improving, enhancing or expanding the streets on which we travel, the paths on which we walk, the parks where we play, the fire and police facilities that keep us safe, and the infrastructure that maintains our environment, ultimately all intended to bring vitality back to the neighborhoods and commercial corridors as the cornerstones of the community. In the reorganized City Administration, we have set up a well -qualified workforce of architects, engineers, and financial managers in the Department of Capital Improvements and Transportation and paired them with recognized program and production managers from the private sector, our industry partners. Together, they administer our capital and transportation program, with all City Departments playing integral roles. Individual capital projects and expenditure forecasts in the plan are organized by fund and are programmed for the current 2005-06 fiscal year and into the next five years, ending in fiscal year 2010-11. Revenue has been analyzed and projected for future years, then assigned to those projects and needs that take precedence. We are fortunate that, in this time of plenty, our traditional revenue streams are now augmented by new bond and impact fee funds entrusted to us by the voters, The CIP attempts to address all of the currently identified needs in the City within the limitations of the available funding revenues. The CIP by nature is a dynamic, evolving document that will continually be refined as each of the projects within the CIP advances. This most likely will include projects moving in and out of the years in which they are programmed as well as the introduction of new projects and possibly the modification or elimination of others. As City priorities, project scopes of work, cost 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN estimates and production schedules are refined, the CIP will be modified to reflect any necessary changes. It is in this context that we respectfully request your approval of the CIP presented before you. To greater emphasize the role of these improvements in shaping the Miami of the future, we created the Capital Improvements and Transportation office for the sole purpose of planning, coordinating, executing and monitoring capital projects and the expenditure of capital funds. This department has a clear mandate to work with staff, the Administration and City officials to develop and implement a Capital Program that balances key community needs, policy directives, and the physical condition of assets and facilities. We are fortunate to have allied our in-house resources with recognized private -sector experts, our "industry partners," and together we are finding innovative ways to speed the delivery of these improvements to the public. Armed with revenue sources such as the Homeland Defense/Neighborhood Improvement Bonds, the County's Transit Surtax, the City Parking Surcharge, updated City Impact Fee Ordinance, and County General Obligation Bond, the ingredients are all in place for the successful physical rebirth of the City of Miami. 2 TY OF MIAMI TABLE OF ORGANIZATION Arriola Chief Administrator t City Manager • Grants (Robert Ruano) • ap and TMitlepOttabOil t Agenda (EM Nanso) Conway) • Community Relations (Ada Rojas) • • Commun ons (Kelly Penton) ;ram Cam} M811101! A, Diz Executive Max Mayor's tnternational enema (Jesse Martraro- ) Pella A. tfwrMwa 2005-2006 CAPITAL BUDGET AND MULTIYEAR CAPITAL PLAN HOW TO READ THIS DOCUMENT This document contains the City of Miami's six -year Capital Improvement Plan that runs from October 1, 2005 through September 30, 2011. The document is organized into the six sections described below. INTRODUCTION— defines the purpose of the CIF and details the Plan development process. This section includes an overview of the Plan and the impact of the Growth Management Act. HIGHLIGHTS— contains highlights of the FY2006-FY2011 Capital Improvement Program and describes significant changes from the prior CIP. FUNDING OVERVIEW — describes and shows funding sources identified in the Plan, presents a breakdown of funded projects compared to unfunded, and provides a history of capital expenditures. Specific discussions on three major financing options are also included in this section. Relevant reports and diagrams are grouped at the end of this section. INDIVIDUAL FUND REPORTS — presents reports for each of the eleven capital funds. Each fund presentation is organized in an identical manner with a brief description and reports showing uses by cost phase, funding sources and project listing. OPERATING IMPACT — shows the estimated annual operating cost impact through FY2011. This section provides operating impact information at a summary level as well as detailed for each project identified to have a potentially significant effect on the City's General Operating Budget. Reports are grouped at the end of this section APPENDIX — additional information helpful to understanding the Capital Plan including an alphabetical project index, lists of completed and unfunded projects, maps of the CRA and proposed Streetcar route and a glossary of terms. 4 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN SECTION 1 INTRODUCTION INTRODUCTION Purpose of the Capital Improvement Plan The Multi -Year Capital Plan (the Capital Improvement Plan or CIP) is an official statement of public policy regarding long-range physical development in the City of Miami. A capital improvement is defined as a capital or "in -kind "expenditure of $5,000 or more, resulting in the acquisition, improvement or addition to fixed assets in the form of land, buildings or improvements, more or less permanent in character, and durable equipment with a life expectancy of at least three years. The Capital Plan is a proposed funding schedule for six years, updated annually to add new projects, reevaluate project priorities and revise recommendations, with the first year of the plan being the Capital Budget. The Capital Budget Miami's Capital Budget is distinct from the Operating Budget. The Capital Budget represents a legal authorization to spend, during the first year of the plan, funds from Federal, State and various other sources and is adopted separately from the six year plan by means of an appropriations resolution. The Capital Budget authorizes capital expenditures while the Operating Budget authorizes the expenditure of funds for employee salaries and the purchase of supplies and minor equipment. Capital projects can have an impact on the operating budget through additional costs, revenues or cost savings. The 2005-2006 Multi -Year Capital Plan includes a section detailing future impacts to the Operating Budget. Legal Authority Legal requirements for preparing Miami's Capital Plan are set forth in the Florida Statutes and the City of Miami Code. A capital improvement programming process to support the Comprehensive Plan is required by the Local Government Comprehensive Planning and Land Development Regulation Act, more particularly, Section 163.3177 of the Florida Statutes (2005). Further, the Financial Integrity Ordinance, Chapter 18, Article IX / Division 2 of the City Code requires the development and approval of a multi -year capital plan. CIP Development Process The last City of Miami Capital Improvement Program 2004-2005 and Multi -Year Capital Plan (aka 2004- 2005 Capital Plan) was finalized in November 2004 and approved by the City Commission on November 18, 2004. The primary focus of the Department of Capital Improvements and Transportation (CIT) since then has been the delivery of the projects outlined in this plan, particularly the $155 million of projects funded through the first series of the Homeland Defense/Neighborhood Improvement Bond (HD1). 5 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN SECTION 1 INTRODUCTION Since the November 18, 2004 Commission approval, CIT has brought various ordinances and resolutions before the City Commission to approve amendments that adjusted the funding allocations within the 2004-2005 Capital Plan to reflect the following: • Project deferrals and advancements (swaps) between HDI 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. The CIP development process for the 2004-2005 Capital Plan included surveys of all of CIT's client departments, such as Police, Fire -Rescue, Parks, Public Facilities and others, to determine their capital project needs. This information served as the basis for the 2004-2005 Capital Plan in conjunction with the listing of projects that were predefined in the Homeland Defense/Neighborhood Improvement Bond voter referendum. The development process for the 2005-2006 Capital Plan was approached somewhat differently than in the prior year, based on the following constraints: • CIT's primary focus was the delivery of the HDI and other current year funded capital projects; • The 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; • The required reallocation to preserve the integrity of the existing funded project commitments precluded the funding of many new projects. In addition to primarily focusing on the delivery of the HD1 and other current year funded capital projects, CIT has focused on development of the proposed $155 million Streets Bond to address needed street infrastructure improvements and the City of Miami Streetcar project, which is a critical element in the City's compliance with state mandated transportation concurrency. Both of these initiatives are discussed in section 3 of this document. It is anticipated that the 2006-2007 Capital Plan (to be presented to the City Commission by March 31, 2007) will include a more comprehensive assessment of client department needs to provide the City of Miami with a clearer picture of the citywide unfunded needs for capital improvements and infrastructure. This will serve as the basis for development of a comprehensive funding strategy to address these needs. 6 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN SECTION 1 INTRODUCTION Prioritization Criteria In addition to the surveying of all of CIT's client departments to determine their capital project needs, CIT uses a hierarchy of criteria to determine how projects are considered for funding on a yearly basis. Projects with the highest rankings, or in the case of projects meeting more than one criterion, are given priority for funding and implementation. The criterion used is listed as follows in the order of priority: Legal Requirements- These projects are funded based on the need to comply with legally mandated requirements set forth by Federal, State and local governments. These types of projects may be required as a result of binding settlements with other governmental agencies to meet current codes, ordinances or health and safety issues. An example of these projects may be federally mandated compliance with ADA requirements either citywide or at a particular park or facility. Essential Improvements- These types of projects demand funding for improvements necessary to the functioning of facilities or infrastructure. This criterion measures the extent to which a facility or infrastructure has deteriorated and needs improvements relative to the overall condition of similar structures. Bridge repairs, storm water infrastructure improvements and repairs, and roadway resurfacings highlight a variety of public works related projects that would fall under this criterion. Facility roof replacements and structural damage as well as fire station renovations are examples of essential facility improvements. Efficiency Improvements- This criterion measures those projects that once complete will increase efficiency or result in overall cost savings to the city. Such projects may benefit a greater number of people or more efficiently and effectively provide and support the defined functional requirements of the intended use. Projects such as these include renovation to offices, layout or workspace within a building, planning or zoning department where a smoother and more fluid processing of plans equates to time savings and increased customer service. Revenue Producing- These projects when completed would generate additional revenues to the city. Projects of this nature show an overall return on investments, and should be measured on the risk involved. The criterion measures the number of people who will benefit from the project, both directly and indirectly, and the associated costs versus revenues generated. Elements considered in the rating include the project type and overall community needs. Such a project might include a new park with a community center and water park. Service Improvements- These types of projects demonstrate an increase delivery capability when completed. This criterion measures the number of people served and the benefit derived from a project. Replacements and renewals, which bring facilities up to acceptable standards and expand capacity, such as a marina expansion and renovation are illustrations of these types of projects. Service/Space Expansion- These are projects which result in expansion of space to serve the needs of the community. Such projects, typically parks or public facilities, would include renovations, additions, expansions or new construction of recreation centers, fire stations, police facilities, theatres and convention centers. 7 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN SECTION 1 INTRODUCTION 2005-2006 Multi -Year Capital Plan Overview The 2005-2006 Multi -Year Capital Plan is organized into eleven (1 1) distinct funds, some with subcategories, as follows: • Fund 301 Community Redevelopment Area (CRA) • Fund 311 General Government Projects Citywide Services Communications/Technology Environmental • Fund 312 Public Safety Police Fire -Rescue • Fund 313 Disaster Recovery • Fund 325 Public Facilities Stadiums Auditoriums Marinas Redevelopment Historic Preservation • Fund 331 Parks and Recreation • Fund 341 Streets and Sidewalks • Fund 343 Mass Transit • Fund 35] Sanitary Sewers • Fund 352 Storm Sewers • Fund 353 Solid Waste The total value of the six -year plan is over $805.2 million, representing 509 projects throughout the various funds. The following graph shows that the Streets and Sidewalks fund accounts for the largest portion of the total Capital Plan funding at $319.9 million or 39.7%. The Parks and Recreation fund, the second largest, accounts for $141..3 million or 17.5% of the overall Plan value. The Public Facilities fund is the third largest fund accounting for $94.0 million, or 1 1.7% of the total Plan. 8 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN SECTION 1 INTRODUCTION 301-CRA protects. o 311 General Government 11312-Public Safety 313 RieaetsrR, �µbliol Fnc Growth Management Act With the leadership of Governor Bush, the Florida Legislature passed significant legislation (Senate Bill 360) to modernize Florida's growth management framework. Signed into law on June 24, 2005, the landmark new growth laws are intended to insure Florida can provide adequate public infrastructure to meet the needs of a population that is expected to double in size in the next 100 years. The policy objectives behind the new growth management framework include the following: • improving the link between land use planning, capital improvements element (CIE), and local government budgeting; • Establishing concurrency for all major development impacts, including transportation, water supply and schools; • Allowing "pay and go" in some instances for transportation and public school facilities; • Encouraging development in the most appropriate locations; • Promoting regionalism; • Allocating substantial state funding for roads, schools and water supply over the next 10 years to pay for infrastructure of statewide priority and to address backlog while linking program funding policies to growth management objectives; and 9 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN SECTION 1 INTRODUCTION • Ensuring successful local implementation of new requirements through appropriation of funds to the Department of Community Affairs for provision of necessary technical and financial assistance to support implementation of new planning requirements. The portions of the Growth Management Act that are most relevant to the City of Miami involve Transportation Concurrency, Proportionate Share Mitigation Options "Pay and Go" and the Capital Improvements Element and Financial Feasibility as discussed below: • Transportation Concurrency - The new law states that transportation facilities needed to serve development must be in place or under construction within three years of time of issuance of the building permit and that only the first three years of the local work program can be relied upon for concurrency purposes to shorten the time period between development and the provision of needed roadway capacity. Another important change in the law relates to transportation concurrency exception areas (TCEAs), transportation concurrency management areas (TCMAs) and multi -modal transportation districts (MMTDs). The entire City of Miami is a TCEA. The new law requires that when adopting these special districts, local governments do a better job of implementing multi -modal strategies. In addition, the existing TCEAs must be updated to meet the new requirements over the course of the next several years. • Proportionate Share Mitigation Options "Pay and Go" - It was understood that these new requirements of the Growth Management Act would take some time to implement and that local governments already have backlogged facilities. The new law therefore contains provisions for "pay and go" for both schools and transportation facilities. The transportation proportionate share option will be adopted by local ordinance, similar to the concurrency management system, and should become a component of that system. The new law requires that if transportation facilities are scheduled in the five year plan of capital improvements in the comprehensive plan or in a long-term concurrency management system, that a developer be allowed to move forward with a project once they have paid their fair share of that programmed facility, even though the facility will remain temporarily below the adopted level of service standard. FDOT has prepared a draft model ordinance to provide guidance on this issue and how it relates to impact fees. Local governments must adopt a proportionate share mitigation ordinance by December 1, 2006. Option B of this draft ordinance provides a concept for applying the Proportionate Fair -Share Program toward mobility improvements within a TCEA. Because a TCEA is intended to incorporate significant multimodal improvements and often has constrained roadways, an area -wide approach is suggested. This approach advances Section 163.3180 F.S., which requires local governments to adopt and implement strategies to support and fund mobility within these areas, including alternative modes of transportation. • Capital Improvements Element and Financial Feasibility - The 1985 Growth Management Act required that local plans be economically feasible, i.e., that there be a way to fund the improvements necessary to achieve and maintain adopted levels of service standards. The new act provides some additional clarity on this issue through a more precise definition of financial feasibility. Under the new law, if a local government fails to update its Capital Improvements Element by December 1, 2007 or fails to update the Capital Improvements Element annually thereafter, no amendments may be made to the future land use map until the annual update is submitted. 10 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN SECTION 1 INTRODUCTION In essence, the Growth Management Act requires that local governments insure concurrency of development with needed infrastructure by mandating one of the following options: • Developers construct at their own expense in association with their development all needed infrastructure improvements to insure the required level of service; • Developers pay their proportionate fair share of all needed infrastructure that is already scheduled in the five year plan of capital improvements in the comprehensive plan; or, • Local government fund in their financially feasible Capital Improvements Element all needed infrastructure improvements to insure the required level of service associated with development approved by the local government. 11 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN SECTION 2 HIGHLIGHTS HIGHLIGHTS Highlights by Fund The most significant project accomplishments of the hundreds of projects under development in CIT and other City departments are highlighted in this section and grouped according to fund category. The projects that are noted in this section are deemed to be significant based on: • Scale of magnitude and/or anticipated impact to the community; • High priority alignment with the City's Strategic Map; • Accomplishment of a long standing need or objective; or, • Representation of an innovative solution to a problem. In addition, all of the projects included in the prior year 2004-2005 Capital Plan that have been completed are listed in the appendix. FUND 301 COMMUNITY REDEVELOPMENT AREA (CRA) Performing Arts Center (PAC) Super Block Streetscape- Design was completed for milling, resurfacing, premium lighting and streetscape improvements of streets surrounding the new Performing Art Center (PAC) which is referred to as the "Super Block". This streetscape project is the City's contribution to a significant cultural project that will serve as an educational and cultural resource for the community. These improvements will create a great urban streetscape, enhancing the pedestrian experience for all PAC patrons and also act as a catalyst for area revitalization and economic development. FUND 311 GENERAL GOVERNMENT IMPROVEMENTS Citywide Services: Miami 21- The City of Miami has embarked on an unprecedented mission: a complete overhaul of the City's zoning code to create a more predictable and efficient plan. This new plan, dubbed Miami 21, is coined for the "Miami of the 2I st Century" and will entail the development of a new "form -based" zoning regulation. Miami 21 is a long-term investment in the preservation and improvement to the quality of life of our City. Building Department Remodeling- The improvements will include renovations to the building permit counter, zoning and public works sections as well as other floor remodeling. These improvements will 13 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN SECTION 2 HIGHLIGHTS take into account compliance for ADA requirements. Once completed, the department will achieve a much greater efficiency in plans processing to better serve our constituents. Communications/Technology: ERP- This project develops an Enterprise Resource Planning (ERP) system, which is a computer system that will enhance our Finance, Budget, Payroll, Employee Relations, group benefits and grant -tracking activities. The project objectives include implement Oracle's eBusiness Suite, minimize customization and build on process flows developed by the City during the Business Process Review (BPR) phase. Land Management- Land management is the sum of all business processes the City of Miami engages in to deliver municipal services that encompass: permitting, zoning, inspections, certifications, code enforcement & regulations, code compliance, and other related services. Land management guiding principles include strategic alignment with the City's vision, improvement of the quality of life for City residents, integration of end -to -end business processes, workflow automation, enhanced functionality, improved citizen experience, greater public access and online access to GIS information. PC Upgrades- This project encompasses the replacement of outdated desktop equipment including computers and printers throughout the City on a four (4) year replacement cycle. This will allow for greater efficiency and output in the City's daily operations. Environmental: Virginia Key Landfill Assessment- This project will prepare and implement a contamination assessment plan (CAP) and a site assessment report (SAR) for submittal to the Department of Environmental Resources (DERM) for the cleanup and contamination remediation of the old Virginia Key landfill site. Upon acceptance of these reports by DERM, the City will begin the actual site remediation setting the framework for the future development of the site as green space and parkland. FUND 312 PUBLIC SAFETY Police: Lummus Police Stables- This project will allow the Police Mounted Unit to relocate back into the City of Miami from their current temporary location at Tropical Park in western Miami -Dade County. The design of the project is completed, and the stables are currently under construction with an expected completion date of August 2006. College of Policing- This project will add a state of the art police training facility immediately south of the current police headquarters building. The training facility will include a shooting range, classrooms, large auditorium style classroom, offices, officer survival drill area and shooting simulator room. The design consultant has been selected, the contract negotiated and executed, and design is underway. 14 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN SECTION 2 HIGHLIGHTS Fire: Fire Station 13- Land was acquired at 958, 960 and 990 NE 796' Street for the construction of a new fire station to provide additional fire and rescue capabilities in the northeast section of the City. Fire Station 11- The existing fire station is to be demolished and a new state-of-the-art 11,200 square foot, two (2) bay apparatus fire station will be constructed to better serve the needs of the community. Design of the fire station is currently underway. FUND 313 DISASTER RECOVERY Wagner Creek/Seybold Canal Dredging- The Wagner Creek dredging project began as a maintenance dredging and bank stabilization project in 1999. However, in late 2002 it was discovered that the creek sediments contained hazardous chemicals known as dioxin/furans. Since dioxins were discovered, DERM placed stringent permitting requirements on the project resulting in time delays and a change in scope of work leading to significant cost increases. Seybold Canal, the tributary segment between Wagner Creek and the Miami River, was added to the project scope last year. Based on limited testing, the same stringent permitting requirements will be necessary for the Seybold Canal dredging. The City's preliminary cost estimate to dredge and stabilize the banks of Wagner Creek and to dredge Seybold Canal is $17,000,000. This project is currently partially funded. Ademar and Davis Canal Dredging- This project is for dredging of the waterway to the bedrock to increase the storm water conveyance capacity and reduce the dioxin contamination in the sediment. The design of this project is 90% complete pending permitting by outside agencies. Construction is anticipated in spring of 2007. FUND 325 PUBLIC FACILITIES Stadiums: Orange Bowl Structural Repairs- The repairs to this facility included the replacement of North and South concourses, metal stand end supports, raker beams, and security railings and have now been completed. This work was critical to preserve the existing stadium as well as lay the foundation for future renovation and expansion of this significant community icon. Orange Bowl Light Towers- This project includes the removal and replacement of the Orange Bowl light towers with state of the art stadium lighting that will serve the renovated stadium and bring this facility up to date as a world renowned venue. The construction is currently underway and will be completed prior to the September 2006 UM/FSU football season opener. Orange Bowl Redevelopment- With the current long term lease between the City and the University of Miami as well as future leases with other potential stadium users, a comprehensive renovation of this important sports venue is needed. This project includes the redevelopment of the existing structure to include a reduction in seating capacity to approximately 63,000 seats, the addition of 14 suites, 15 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN SECTION 2 HIGHLIGHTS approximately 1,000 indoor club seats, a total of 750 outdoor club seats, a new club lounge and press box, new concessions, and bathroom upgrades. The program management services consultant has been selected. Efforts are underway to develop the project scope and finance plan and to solicit and select the architecture and engineering team to design the improvements as well as the contractor to build them. Auditoriums: Manuel Artime Theater- This small community theatre hosts a variety of cultural events at an affordable price for low income residents of the community as well as artists working with grants. Completed improvements include the replacement of the roof, air conditioning repairs, acoustical and sound equipment installation, and lighting upgrades. Marinas: Dinner Key Dredging- This modern marina's 582 protected slips comfortably accommodate transient, seasonal, and permanent live -aboard guests accommodating vessels up to 175' and offering amenities such as cable TV and telephone, shower/laundry facilities, and pump out service. The project encompasses the engineering and implementation of dredging for the main approach channel at the north end of the marina that will allow for additional slips. This project is in the design phase with construction anticipated for spring of 2007. Historic Preservation: City Hall- The two-story sea -plane terminal building that once housed the Pan American Airways from the early 1930's to 1945 was renovated and adapted for use as the Miami City Hall in 1954. Recent completed renovations to the building include restoring the original decorative features of the terminal including the beams, wall murals and ceiling, which consisted of panels depicting the signs of the zodiac painted in a modern style. The murals near the ceiling depict the history of flight from Leonardo Da Vinci's designs to the Clipper planes flown by Pan American. Black Police Precinct- The City of Miami Black Police Precinct was built in 1950, during the segregation era, for the black officers that were employed by the Miami Police Department. It had a courtroom on the second floor, where Judge Lawson A. Thomas, the first black judge in the South presided. At the height of this era, 85 black police officers worked out of the precinct until 1962 when they were integrated with the Main Station at NW 1 lth Street & 12th Avenue. This project consists of restoration of the historic black police precinct headquarters to its original condition for use as both a museum and a community center. The work includes structural repairs, new mechanical equipment, electrical work and light safety systems. Construction is underway with completion anticipated September 2006. Virginia Key Beach Park- In response to public protests, county officials created a public beach for the black community on Virginia Key, which opened on August 1, 1945. The beach remained segregated through the 1950's, until rights laws opened all the public beaches in the area. Still, through the next two decades, Virginia Key Beach remained a popular destination for many in the black community. In 1982, the area was transferred from the county to the City of Miami with the stipulation that the area be kept open and maintained as a public park and recreation area. Improvements to the concession and restrooms as well as a new sewer lift station have been completed. Milling and resurfacing the access roads to the 16 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN SECTION 2 HIGHLIGHTS park, reconstruction of the parking lot area and a new drainage system are designed and being permitted with construction expected to start August 2006. FUND 331 PARKS AND RECREATION Grapeland Park- This project consists of baseball fields, a community center and a new signature water theme park with water slides, a splash park, lazy river, interactive play areas, concessions, restrooms, lockers and parking. As the City embarked on the construction of this project, it was discovered that the site was contaminated and construction could not proceed further without remediation of the site as approved by DERM. The design has been completed and is being permitted. Contamination remediation is underway with ballfield construction completion expected December 2006. Little Haiti Park- This project will bring a new 12,000 square foot recreation building, two (2) new soccer fields, a vita course, playground, domino park, picnic areas, open shelters, sports and security lighting, landscaping and irrigation, bleachers and splash park to the area. Little Haiti Park will provide a new first-class full service park to benefit City residents with a full range of recreational activities and cultural programs. The design has been completed and construction is underway with completion anticipated February 2007. Jose Marti Park- This project includes a new 16,000 square foot gymnasium with locker rooms, exercise room, aerobics/dance studio, storage and conference room. These improvements will provide the community with much needed recreational activities. The design has been completed and is being permitted. Construction is anticipated to begin October 2006. Fern Isle Park- This project entails the design and construction of two new regulation size baseball/softball fields including backstops and spectator seating, children's play structure, a 3,500 square foot building with concession, restrooms, and field storage, new open shelters, a vita course, landscaping, a parking lot, sport and security lighting and a host of other amenities to provide additional recreational opportunities to the community. Site mitigation was also an issue with this park to address contaminated soil. Construction is underway and expected to be completed in early 2007. Athalie Range Park Soccer/Football- This park project includes the demolition of existing baseball and softball fields and construction of a new soccer/football field along with concession stands, storage and a 1,000 seat bleacher. The addition of a soccer complex at this park will fill a main programming need in the overall citywide parks and recreation plan, which is currently lacking soccer facilities. Design and permitting are underway. Bicentennial Seawall Phases I, II & III- This three phase project entails the rehabilitation of one of the City's primary waterfront properties that will set the stage for development of Museum Park. The project consists of stabilizing and replacing over 4000 feet of damaged and/or failing seawall with new sheet piling and a concrete cap thereby facilitating a future wide pedestrian bay walk adjacent to the area of Bicentennial Park. Phases I & II are completed and Phase II1 is under construction. Parks Master Plan- The Parks Master Plan has been organized into a series of tasks that integrate details of a parks and recreation system with the broader objectives identified in the Miami 21 process. The goal 17 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN SECTION 2 HIGHLIGHTS is to develop a master plan to serve as the basis for the City to improve existing parks and create new parks and public spaces in all neighborhoods to improve quality of life for City residents. Virginia Key Master Plan- This project's intent is to develop meaningful waterfront and public open space areas, offer policies for the use, development and management of land, and the protection and enhancement of natural resources while providing the necessary infrastructure and traffic flow to serve future development within the Marine Stadium Basin properties on the island. The proposed Virginia Key Master Plan will emphasize the opportunities for mixed -use waterfront development along the Marine Stadium Basin properties, integrate and recommend improvements to the existing Sewage Treatment Plant, integrate and preserve the historic Virginia Key Beach Park, as well as make recommendations for future island wide improvements and protection of remaining public beaches, parks and conservation areas. The master plan efforts have recently begun. Miscellaneous Citywide Parks Improvements- The Department of Parks and Recreation implemented capital improvements totaling $823,800 throughout the park system in the following areas: Playground improvements at Lemon City, Buena Vista, West Buena Vista, Duarte, Curtis, and Wainwright parks; Sport field improvements at Curtis Park; Site furnishings at Lemon City, Jose Marti, Antonio Maceo, Morningside, Southside, Clemente, Curtis, Henderson, Lummus, Maximo Gomez parks; Landscaping at Maximo Gomez Park; Sports courts renovations at Henderson, Moore, Virrick parks; Security lighting project at Maximo Gomez Park; Minor building renovations at Kinloch, Legion, Manuel Artime, Peacock and Virrick parks; and Miscellaneous site improvements at Duarte, Curtis, Manuel Artime, Southside, Williams, and Spring Garden parks. FUND 341 STREETS AND SIDEWALKS Traffic Calming- Studies were performed for five initial neighborhoods within the City with three additional areas currently under study. As a result, a variety of traffic calming devices such as traffic circles, chokers, medians and intersection improvements were recommended to address speeding, cut through traffic as we]] as improve overall quality of life in our residential neighborhoods. Implementation of these improvements is either completed or underway based on the study recommendations. Miami River Greenway- The Greenway is a comprehensive network of trails, bikeways and walkways adjacent to the Miami River corridor measuring approximately 5.5 miles. The trail system serves to connect people to the river and its amenities, neighborhoods and parks and allow greater public access to these areas. Designs have been completed. Certain sections are already constructed while others are in construction or about to begin construction. This project is in collaboration with the Trust for Public Lands and Miami River Commission. Grand Avenue- This streetscape project will encourage the much anticipated economic development to the residents and businesses of the area. The scope of this project consists of roadway reconstruction, new sidewalks with decorative pavers, decorative lighting, benches, signage and landscaping. Construction was recently completed. Flagler Street Marketplace- The scope of this project includes the conversion of Flagler Street from one way to two way traffic; milling and resurfacing of pavement; streetscape improvements such as decorative sidewalks, trash receptacles, traffic signage and signals; landscaping; street up lighting and 18 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN SECTION 2 HIGHLIGHTS ADA ramp enhancements. The enhancements and beautification efforts will enhance the aesthetics of the downtown area as well as improve traffic circulation. Construction is underway with completion expected August 2006. Memorial Boulevard- This project consists of construction of new curbs & gutters, storm drainage improvements, intersection enhancements, resurfacing, ADA compliant ramps, decorative pavement, lighting, seating areas, gathering plaza and landscaping. These improvements will calm traffic and increase pedestrian access to the area. Construction is completed. NW 14'h Street- The scope of this project includes milling and resurfacing of the pavement, new sidewalks, ADA ramps, turf block on the parkway area and drainage improvements. This corridor serves as entryway from Miami International Airport to the Allapattah and Civic Center areas. The innovative use of turf block was used to improve quality of life by addressing deteriorated swales and maximizing use of limited street funds. Construction is nearing completion. Buena Vista & Buena Vista Heights- These residential street improvement projects encompass the historic areas of Buena Vista and Buena Vista Heights and serves to improve the infrastructure in these neighborhoods. The project includes milling and resurfacing, partial reconstruction, addition of a median island, storm drainage improvements, pavement markings and limited landscape and lighting in the residential neighborhood. Construction is underway for the Buena Vista Heights Phase I Project. Buena Vista Phase 11 and Buena Vista East Historic Projects are in Design. NE 40'h Street- Street improvements were recommended in the Miami Design District and Little Haiti Creole District Planning Study adopted by the City Commission in 1998. Located between Midtown Miami and the Buena Vista East Historic District, the 20-block Design District includes furniture showrooms and businesses supporting the design trade and is undergoing redevelopment with at least eight residential projects and a mixed -use parking garage. This completed project, along with three other street segments under design, will enhance the deteriorated streetscape in the district and provide a much needed revitalization that will attract customers to the showrooms and a residential base to create a 24/7 district. Miami River Tunnel Feasibility Study- This study assessed the feasibility and potential impacts of a tunnel connection under the Miami River to connect the Downtown Central Business District and Brickell areas unimpeded by marine navigation. The feasibility report was completed in March 2006. Dupont Traffic Recirculation- This project will allow improved mobility and accessibility between the Interstate Highway System (1-95) and the core Downtown Central Business District particularly during Brickell Bridge openings to marine traffic through a two-way conversion of SE ri Street and SE 3"d Avenue. The project is currently in the Project Development and Environment (PD&E) Study phase. The study, which will recommend a locally -preferred alternative, will be completed in 2006 after which design will begin. Brickell Streetscape & Lighting- This project includes improvements recommended by the Miami Downtown Development Authority and the Miami Downtown Transportation Master Plan adopted by the City Commission in 2003. These improvements promote pedestrian corridors - a priority implementation phase in the plan that addresses the mobility of residents, employees and visitors attracted to an increase in retail establishments as well as hotels and commercial buildings. Improvements include decorative 19 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN SECTION 2 HIGHLIGHTS crosswalks, monuments, fountains, and aesthetic lighting between SE 25th Road and SE 156 Road. Design is completed with construction start expected May 2006. Downtown Street Infrastructure- This infrastructure project addresses the need to restore long neglected street infrastructure in Downtown Miami. The project includes milling and resurfacing of the existing roads, replacement of sidewalks and curbing, addition of ADA compliant pedestrian ramps, and lining of existing storm sewer pipes. Construction of the initial phase is underway. FUND 343 MASS TRANSIT Streetcar- The route of the Miami Streetcar is proposed between Downtown Miami and the Design District/Buena Vista area and includes an east -west loop to the Civic Center. The streetcar is an urban transit circulator that will connect with the existing Metrorail, Metromover and Metrobus routes and with major activity centers and the developing residential projects in the corridor. As Miami continues to grow and develop, this project directly addresses transportation concurrency, promoting transit -oriented development and shifting mobility from vehicles to transit as required by state mandates in Senate Bill 360. Alternatives Analysis and Environmental Assessment is currently underway. Circulator Services- The circulator service provided by the non-profit Action Community Center provides transit service between the Vizcaya Metrorail Station and Mercy Hospital and neighborhoods in Little Havana and Allapattah. FUND 351 SANITARY SEWERS Virginia Key Beach Park Sanitary Sewers & Pump Station- This infrastructure project includes the installation of a new sanitary sewer pump station along with a sanitary sewer force main that will provide service to the Virginia Key Beach Park facilities. Construction is completed. FUND 352 STORM SEWERS Citywide Inlet Cleaning- These projects supplement the Public Works daily cleaning of storm drains and inlets. The City of Miami has approximately 29,000 inlets and nearly two million feet of pipes, the vast majority antiquated systems that require constant cleaning. These annual cleaning projects will clean approximately 8 to 10% of the total cleaning required. Additionally, these efforts help comply with NPDES requirements to address water quality as well as city interests to minimize flood mitigation risks by preserving the integrity of the existing drainage system. Flagami/West End Pump Stations- This project consists of the design and construction of four storm water pump stations to alleviate flooding in the Flagami/West End area of the City, As these pump stations become operational and street flooding is no longer a major problem, the traffic flow will improve during rain events, ponding will be alleviated, and the residential quality of life will improve throughout the area. Construction is underway. 20 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN SECTION 2 HIGHLIGHTS Fairlawn IIA- This project consists of the design and construction of one storm water pump station and a collector system to address storm drainage problems in the Fairlawn area of the City. Construction is underway. Miami River Dredging- This important project consists of dredging the Miami River to allow large container ships access through the channel without restrictions to tidal effects. There has been significant collaboration among state, county and city authorities to fund and implement this project. FUND 353 SOLID WASTE Solid Waste Mini -Dump- Residents that need to get rid of bulky items and trash right away can drop items off at the City's mini -dump, which is located at 1290 NW 20th St. This mini -dump will allow citizens to dispose of items and unwanted debris sooner than their usual pick up days. The facility will encourage all citizens to take advantage of a free service in an effort to eliminate illegal dumping and help maintain a clean City. Si2nifican# Changes from 2004-2005 Plan The most significant changes in the current 2005-2006 Capital Plan from the prior year 2004-2005 Capital Plan involve 1) increased revenues resulting from the City's revised impact fee structure, 2) new revenues from the County Building Better Communities general obligation bond program (GOB) dedicated toward City projects, and 3) the allocation of current year revenues for streets projects. As stated in an earlier section, the City has seen construction cost escalation due to the current highly competitive construction market conditions being encountered by state and local governments as well as the private sector. This has resulted in the need to reduce project scopes of work to keep projects within budget when this is a viable option or to allocate current year capital revenues to projects (identified in the current year of the 2004-2005 Capital Plan) to cover the shortfalls and allow them to advance to completion. This 2005-2006 Capital Plan reflects these adjustments. On December 15, 2005 the City Commission approved Ordinance 12750 that completely revised the impact fee structure associated with development projects, in particular increasing the impact fees for parks to create new parks and connections to existing parks. The 2004-2005 Capital Plan included approximately $10.6 million of prior years' impact fee receipts. It is currently projected that over $10 million of overall impact fees will be collected under the new fee structure during the current 2005-2006 Capital Budget year. The majority of the revenue, nearly $7.9 million, will derive from the park impact fee category. The following summarizes allocations to date from the projected parks impact fee revenue: • Little Haiti Park — $940,000 (To cover construction cost escalation.) • Grapeland Park — $800,000 (To cover construction cost escalation.) • Jose Marti Park — $575,000 (To cover construction cost escalation.) • 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.) 21 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN SECTION 2 HIGHLIGHTS The Miami -Dade County General Obligation Bond approved by the voters on November 2, 2004 included $91,761,000 for capital projects to be directly administered by the City of Miami. These revenues are distributed over the first, second and future series County bond issuances. The following summarizes the allocation of County GOB revenues to City projects: • Little Haiti Park — $7,300,000 • Grapeland Park — $18,500,000 • Linear Parks, Greenways and Baywalk — $961,000 • Orange Bowl — $50,000,000 • Englewood Storm Sewers — $6,250,000 • Glenroyal Storm Sewers — $3,519,000 • Northwest Storm Sewers $5,231,000 The 2004-2005 Capital Plan anticipated the possibility of issuing a bond to improve street infrastructure within the City. This bond issuance is now anticipated to occur toward the end of 2006 (as discussed in Section 3), allowing allocation of current and prior year street revenues to the highest priority projects as follows: • Allapattah Street Infrastructure - $2,000,000 • Allapattah NW 22nd Court - $812,500 • Downtown Street Infrastructure - $3,000,000 • S. Miami Avenue - $2,812,771 • Shenandoah & Silver Bluff Traffic Calming - $2,687,000 • NE 39'1' Street - $2,343,600 • Spring Garden Bridge Repairs - $1,406,346. The balance of current year street monies has been allocated to existing projects where construction cost escalation occurred to cover these funding shortfalls, thereby allowing the projects to move forward into construction. All of the projects proposed to be funded with the upcoming Streets Bond are listed in the "Funding Type by Job Number" Report at the end of Section 3. 22 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN SECTION 3 FUNDING OVERVIEW FUNDING OVERVIEW Funding Sources The Capital Improvement Plan contains funding from seven types of revenue sources: • Federal Grants- Federal grants, such as Community Development Block Grants (CDBG), may be used only for the purposes specified in Federal laws. The amount of funding available from Federal sources is dedicated by National priorities. These grants derive from agencies at the federal level such as the Federal Emergency Management Agency (FEMA) and Housing and Urban Development (HUD). • State Grant- State grants are awarded by State of Florida agencies such as the Florida Department of Transportation (FDOT) and Florida Department of Environmental Protection (DEP). These grants may be used only for the purposes specified in State laws. • Miami -Dade County Grants- Miami -Dade County may contribute funding in the form of a grant for specific projects to be undertaken by the City. • Grant — Other- These are grants which do not derive from Federal, State or Miami -Dade County resources. An example of this funding type is a grant or contribution from another municipality. • City Bonds- Two types of bonds can be issued by the City for capital improvements: (1) General Obligation Bonds and (2) Special Obligation Bonds: General obligation bonds are backed by the full faith and credit of the City of Miami and are secured by the City's ad valorem taxing power. These bonds finance specific capital improvement programs such as public safety, highway or storm sewers. The City's most recent general obligation bond issuance was approved by voters in November 2001. These bonds, named the Homeland Defense/Neighborhood Improvement (HD) Bonds, provide for a total infusion of $255 million worth of capital investment in the areas of public safety, parks and recreation, streets, drainage, quality of life infrastructure improvements, and historic preservation. A discussion on the HD Bonds is included later in this section. Special obligation bonds are secured by a limited revenue source. In order to accelerate the construction of much needed road and drainage infrastructure projects, the City will be bonding recurring revenue streams from Local Option Gas Tax, the Transit Half -Cent Surtax, as well as a portion of the Parking Surcharge. This proposed special obligation bond issuance, called the "Streets Bonds", is discussed later in this section as well. • CIP Fees/Revenues- These funds are collected from current revenues produced by miscellaneous county or city taxes and various fees. Notable funding sources included in this category are the annual 23 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN SECTION 3 FUNDING OVERVIEW General Fund contribution to capital projects, storm water utility trust funds, local option gas tax, the transit %2 cent surtax, fire assessment fee, and impact fees. • Private Donation/Other- This funding source includes any private funds contributed to the City as well as the dedication or sale of land for capital facilities. The chart below shows that City bonds represent the largest share of funding in the Capital Plan, accounting for 50.1% of overall Plan funds. CIP fees/revenues represent the second largest funding source, accounting for 29.8% of the Plan's funding, Sources deriving from Miami -Dade County represent 13.6% of the Plan. The remaining 6.5% of funding is from Federal, State, Grant -Other and Private Donation/Other sources. The "Funding Type by Job Number" Report provides a listing of projects associated with the various sources under each of the funding types described above. Also, the "Fund by Phase and Funding Source" Report presents a breakdown of the funding sources by various phases of a project. These reports can be found at the end of this section. 24 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN SECTION 3 FUNDING OVERVIEW Funded, Partially Funded and Unfunded Projects The projects in the CIP can be placed in one of three funding proportion categories: Funded, Partially Funded or Unfunded. The "Fund Status Detail" Report, located at the end of this section provides summary reporting of the breakdown of funded, partially funded and unfunded projects in the plan. It is important to note that the total funded amounts in the CIP do not account for unfunded project estimates. The funding proportion is determined by comparing a project's estimated costs against anticipated revenues and available dollars. Partially funded projects require additional revenues in order to be completed as originally conceived and within the needs defined by the City. It is anticipated that these revenues will come from future year allocations of general fund revenues or other existing recurring revenues, successful pursuit of grants, identification of new revenue sources or other means as deemed appropriate to allow the projects to be completed. The most significant of these projects are highlighted below. The following projects are currently identified as high priority needs and are under development in the preliminary engineering stage. As stated, they are only partially funded and will require additional revenues to allow them to proceed to construction: • Police Training Facility - This project will add a state-of-the-art police training facility immediately south of the current police headquarters building. The training facility will include a shooting range, classrooms, large auditorium -style classroom, offices, officer survival drill area and shooting simulator room. This project currently has a shortfall of $16,480,000. • Fire Stations (F.S.) #1, 10, 11, 13 & 14-- F.S. #1 is to be renovated at its existing location. F.S. #10 & 11 are to be completely replaced at their existing locations. F.S. 413 & 14 will be new fire stations to serve the increasing demands in the north and south sections of the city, respectively. Land has been successfully acquired for F.S. #13 but not yet secured for F.S. #14. These projects have a cumulative shortfall of $15,668,767. • Wagner CreeklSeybold Canal Dredging - The Wagner Creek dredging project began as a maintenance dredging and bank stabilization project in 1999, However, in late 2002 it was discovered that the creek sediments contained hazardous chemicals known as dioxin/furans. Since dioxins were discovered, DERM placed stringent permitting requirements on the project resulting in time delays and a change in scope of work leading to significant cost increases. Seybold Canal, the tributary segment between Wagner Creek and the Miami River was added to the project scope last year. This project currently has a shortfall of $11,367,826. • Orange Bowl Redevelopment - With the current long term lease between the City and the University of Miami as well as future leases with other potential stadium users, a comprehensive renovation of this important sports venue is needed. This project includes the redevelopment of the existing structure to include a reduction in seating capacity to approximately 63,000 seats, the addition of 14 suites, approximately 1,000 indoor club seats, a total of 750 outdoor club seats, a new club lounge and press box, new concessions, and bathroom upgrades. The first phase of the project will be the analytical phase where scope refinements and associated finance strategies and economic feasibility 25 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN SECTION 3 FUNDING OVERVIEW will be determined. The total project cost and revenue sources will be defined at this stage, after which any shortfalls will be known. Unfunded project estimates account for 45% of total estimated costs for the projects identified in the "Fund Status Detail" Report. This percentage is derived from the unfunded projects as well as the shortfall portion of the partially funded projects. These projects will be evaluated annually based on the established prioritization criteria and availability of funds. A complete listing of all currently defined unfunded projects with their estimated costs is included in the appendix. 26 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN SECTION 3 FUNDING OVERVIEW Expenditure History The table below presents a six -year history of expenditures throughout the eleven capital funds. The increasing rate of expenditures, particularly the 73.1% increase from FY2004 to FY2005 (unaudited), is evidence of the City's commitment to shaping the future of Miami. Projected expenditures for FY2006 are expected to surpass the $100 million range as projects funded with HD1 bonds, current streets funding and other available sources continue to be implemented, advanced and completed. The projected expenditure cashflow can be found in the "Overall Funding Cashflow Summary" Report at the end of this section. Community Redevelopment Area Public Safely Public Facilities Streets & Sidewalks Sanitary Sewers Solid Waste i CAPITAL EXPENDITURES BY FUND Fiscal Years 2000-2005 FY2005 Slx-Year FY2000 FY2001 FY2002 FY2003 FY2004 Unaudited Total 224 342,151 5,912,037 2,547,417 342,375 5,645,758 4,769,350 4,294,039 2,966,530 3,691,041 27,278,755 2,044,163 3,443,803 3,733,474 6,996,211 5,106 933 23,872,001 971,761 3,953,856 4,547,662 3,288,732 11,041,884 35,782,582 59,586,477 1,687,416 1,999,949 4,319,422 5,045,759 296,634 342,974 13,692,154 Total $ 27,487,803 $ 34,074,166 $ 45,276,403 $ 42,570,640 $ 54,707,004 $ 94,680,930 $ 298,396,946 Percent change frain prior year 25.8% 32.9% 45.0% 28.5% 73.1%, Notes: Expenditure figures for FY2000 through FY2004 are from the CAFR's. Expenditure figures for FY2005 are unaudited. 27 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN SECTION 3 FUNDING OVERVIEW Discussion on Homeland Defense/Neiehhorhood Improvements Bonds On November 13, 2001, the voters of the City of Miami approved by referendum the City's issuance of $255M in limited ad valorem tax bonds for homeland security, neighborhood improvements, capital projects and infrastructure improvements, known as the "Homeland Defense/Neighborhood improvement Bonds." This referendum was approved after several public hearings before the City Commission and a vigorous public information campaign to inform the electorate as to the manner and location for the expenditure of the bond proceeds. Authorization to seek voter approval was provided under Ordinance No. 12137, which also provided for an initial allocation of future bond funds to specified projects. Such allocations were further clarified under Resolution No. 02-1294. These project allocations are shown with their accompanying total bond fund authorization in the "Homeland Defense/Neighborhood improvement Bond Allocations" Report found at the end of this section. In early 2002, the City Commission authorized the issuance of the first series of the bonds as a public offering. The resultant public sale brought in $155 million for the first series of projects, and those funds (HD1) were initially appropriated in August 2002. CIT then earnestly began the preliminary engineering efforts associated with these projects to accelerate their implementation. During the subsequent period, a variety of issues arose that delayed or precluded several of the HDI projects from advancing according to their originally anticipated schedules. Several of these issues are listed below, including: • Lack of interested bidders causing projects to be bid two and three times (due to Miami's current level of unprecedented development that is driving competition for construction contractors to an all time high); • Required re-scoping of projects in response to changing/evolving community priorities; • Extensive timeframes associated with construction site identification and land acquisition; • Contamination remediation that involved extensive regulatory agency coordination, site testing and permitting; and, • Extensive processing time for coordination and execution of grant interlocal agreements for projects with non -bond funded supplemental funding. As a result, CIT immediately identified a need to defer projects initially to be funded with HD1 monies and in their place advance (or swap) projects initially to be funded with HD2 to insure the commitment and expenditure of the entire $155 million on a timely basis. Ordinance Nos. 12622, 12665, 12697, 12725 and Resolution Numbers 05-0689, 06-0120 and 06-0201 were approved by the City Commission to adjust the capital plan appropriations accordingly to accurately reflect these changes. The "Homeland Defense/Neighborhood Improvement Bond Allocations" Report at the end of this section outlines all of the swaps between HD1 and HD2 in support of this. Since 2002 approximately $13.2 million of interest on the HDI bond proceeds has been received by the City. These monies have been allocated to fund budget shortfalls on existing bond funded projects or to fund CIT office administrative and technical support of bond project delivery. Refer to the "Funding Type by Job Number" Report at the end of this section for projects funded with HD interest. 28 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN SECTION 3 FUNDING OVERVIEW As of March 31, 2006, the City has committed via purchase orders 82% or $138.4 million of the $155 million HD1 bond proceeds and $13.2 million of interest. The amount spent and paid out on invoices to vendors is $84.5 million which represents 50% of the total allocation as shown below. STATUS OF HOMELAND DEFENSE BONDS SERIES 1 & INTEREST Invoiced Amount Balance to Purchase Orders as of March 31, be Phase Fund Allocation Committed 2006 invoiced Land Acquisition 16,369,685 15,427,987 15,084,569 343,418 Planning 190,593 107,250 27,500 79,750 Design 28,473,958 18,431,255 11,712,453 6,718,802 Construction 102,250,409 87,874,649 43,845,097 44,029,552 Equipment 3,465,715 2,941,164 2,402,690 538,474 Administration 4,121,928 2,561,735 2,561,734 1 Management 7,888,978 7,888,978 6,958,033 930,945 Others 511,873 113,660 98,006 15,654 CEO (Inspection) 4,906,160 3,093,622 1,770,289 1,323,332 Total 168,179,300 138,440,299 84,460,371 53,979,928 Percentage (%) - Funding Allocation 82% 50% 32.1% 29 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN SECTION 3 FUNDING OVERVIEW DEFENSES RIES 1 &, INTEREST ORDERS COMMITTED As shown in the graph above, construction purchase orders constitute more than half, or 63.5%, of the total $138.4 million already committed. The City of Miami anticipates having 100% commitment of all HDI and interest proceeds by the end of 2006, as shown in the "Homeland Defense Series 1 and Interest Cashflow Curve" at the end of this section. City Commission authorization of the issuance of the second series of the bonds (HD2 remaining $100 million) as a public offering is tentatively anticipated in early 2007. 30 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN SECTION 3 FUNDING OVERVIEW Discussion on Proposed Streets Bond Unlike the Homeland Defense/Neighborhood Improvement Bond, the Streets Bond Program does not require a voter referendum as it utilizes existing revenue sources as opposed to a new taxing source. The Streets Bond consists of the anticipated 2006-2007 issuance of City of Miami special obligation bonds that will be secured by the following existing revenue sources: Transit'/2 Cent Surtax, Local Option Gas Tax, and Parking Surcharge. Based on existing and projected recurring revenue sources, preliminary analysis conducted by the City's financial advisor indicates that approximately $155 million of bond proceeds could be derived from this initiative. CIT completed a comprehensive condition survey (assessing pavement, drainage, swales, sidewalk and ADA deficiencies) of all City streets in 2004. This survey was used as the basis for development of a prioritized needs -based street infrastructure improvement plan to address street infrastructure preservation. This plan, in conjunction with miscellaneous street projects already under development in the 2004-2005 Capital Plan and transportation mobility project priorities, served as the basis for the development of this proposed Streets Bond. As stated in the 2004-2005 Capital Plan, a large component of the City's transportation plan focuses on maintenance and preservation of the existing city street infrastructure to insure that a safe and functional transportation system exists. As was anticipated and discussed in last year's plan, the comprehensive program needs identified in the needs -based street infrastructure improvement plan exceed the currently available resources. This proposed Streets Bond will address approximately 30% of the citywide street infrastructure preservation needs. Future funding strategies will need to be developed to address the remaining 70% as well as to create a revolving plan by which all street infrastructure (and system betterment) needs can be addressed on an approximate 25 year cycle as is customary for public works infrastructure. All of the projects identified to be funded with the upcoming Streets Bond are listed in the "Funding Type by Job Number" Report at the end of Section 3. 31 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN SECTION 3 FUNDING OVERVIEW Discussion on Miami Streetcar Currently, the most dense area within the City of Miami is the area bounded by S. ,5'1' Road, 1-95 , I-195 and Biscayne Bay and includes the Downtown Central Business District (CBD), Brickell, Southeast Overtown Park West (SEOPW) and Omni Community Redevelopment Area (CRA) and Midtown Miami. This area is experiencing significant additional development and redevelopment in conformance with Eastward Ho and other South Florida Regional Planning Council urban Will initiatives, further increasing densities and the necessity for improved transportation mobility in the eastern urban core. As stated previously in the introduction section of this document (Section 1), the State of Florida enacted the Growth Management Act in 2005. The new law requires that transportation concurrency exception areas (TCEAs) do a better job of implementing multi -modal strategies, The entire City of Miami is a TCEA. In addition, existing TCEAs such as the one in Miami must be updated to meet the new requirements of the Growth Management Act over the course of the next several years. Because a TCEA is intended to incorporate significant multimodal improvements and often has constrained roadways, an area -wide approach is suggested by the Florida Department of Transportation (FDOT). This approach advances Section 163.3180 F,S., which requires local governments to adopt and implement strategies to support and fund mobility within these areas, including alternative modes of transportation. Miami -Dade Transit (MDT) is the agency within Miami -Dade County responsible for area -wide transit implementation and operation. MDT constructed the Metrorail and Metromover systems in the 1980s to provide alternative modes of transportation in recognition of continued growth and increased densities within the County. Their primary focus for new capital improvements is expanding the existing Metrorail system to serve the routes with the highest ridership potential to continue to expand transit usage within the County. Currently, the following Metrorail transit projects have the highest priority per their rankings and funding within the Metropolitan Planning Organization's (MPO) Transportation Improvement Plan (TIP) and cost feasible Long Range Transportation Plan (LRTP): • Miami lntermodal Center (MIC)/Earlington Heights- connecting the MIC (intermodal facility connecting the Miami International Airport (MIA) with bus, rail and rental car options) to the existing Metrorail system; • North Corridor- expanding Metrorail north to the Broward County line primarily along the NW 27'1' Avenue corridor; • East-West Corridor- expanding Metrorail between MIA and the western portion of the County along SR 836 to Florida International University's (FIU) main campus; and, • South Corridor- expanding Metrorail south to Florida City along the old CSX alignment with a west link to the FIU south campus. Providing significant additional alternative modes of transportation within the City of Miami's eastern urban core is not currently within MDT's funded priorities in the existing five (5) or twenty (20) year transportation plans. As a result, it is incumbent on the City of Miami to take the lead in providing context -appropriate and affordable alternative modes of transportation via mass transit projects within this 32 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN SECTION 3 FUNDING OVERVIEW area to be in substantial conformance with the transportation concurrency portion of the Growth Management Act. To address this need the City is aggressively pursuing the Streetcar Project to provide a convenient and viable alternative transportation mode within this most densely populated and urbanized area of the city — the Downtown core. The Streetcar will provide a local area transit circulator connection between the Miami -Dade Government Center, as well as Federal, State and County Courthouse district located in the south, and the growing Miami Design District to the north, as well as critical east -west connections to the Civic Center complex. The Civic Center complex is located approximately 15 blocks west of the central north -south spine proposed for the Streetcar circulator. The Civic Center, the largest employer in the South Florida area, is the heart of regional medical services and related healthcare services. The University of Miami and Miami -Dade College's medical campuses form an integral base of the healthcare industry nodes in the vicinity. A primary goal of the Growth Management Act legislation is linking program funding policies to growth management objectives. Overall, the related laws appropriated a state investment of $750 million for fiscal year (FY) 2005-2006 and an additional $750 million annually thereafter for nine years. The table below shows the funding allocated to the State Transportation Trust Fund, which is of the most significance to the City of Miami. Program Non -Recurring General Recurring Documentary Stamp Revenue "New Starts" Transit Program $54.2M Small County Outreach Program $27.1 M Strategic Intermodal System $175M $345.4M Transportation Regional Incentive Program (TRIP) $275M $115.1 M State infrastructure Bank $100M County Incentive Grant Program $25M In recognition of the need within this area for alternative modes of transportation and in support of the driving principles of the Growth Management Act, FDOT has expressed its support for the Streetcar Project and its commitment to be a significant funding partner (up to 50% of the non-federal share of the project). CIT anticipates presenting the finance plan for the capital improvement and long term operations and maintenance expenditures for the Streetcar Project by Fall 2006. 33 2005-2006 CAPITAL BUDGET AND MULTI -YEAR CAPITAL PLAN SECTION 3 FUNDING OVERVIEW Transportation investments to Support Growth Management Senate Bill 360 (Chapter 2005 290, Laws of Florida) ($ In 'm!ll,ons) riloneral Kokomo Cash 10-Yaar 0540 08007 07*08 05.08 00-10 10.11 11.12 42.13 13.14. 14.18 TOTAL 81,117 $642 (442 1642 . $842. $542 (542 $542 *542 46474 16,904. Ma ah 2006 Tentative Work Program $6,000 15 203" $0� 067 5��23$ TanttNlue Work Program Capacity 13,240 $3,04112,500 2,'472 IJaes of Monti Funda ommltmente kagg 8�1: 2,555 0,321 30,064 ' ,000 2,466 2,460 12,123 01 24 125,302 81$ Projools Stale iitiraal1u01stre bank $300 $400 7i47G $500 $500 $600 800n no $485 $405$4085 $4,73 3109 $700 $342 $1605 $25 Rdglonaltocal Priorities New Shut Trarit° Program Small .Cou€4yQutreachProgral, Tronepodatlert fF$giaCiai ipcagtive program . County Incantive Grant Program $64 427 $275 $26 $56 $35 $200 $70 $36 ' $436 $70 $35 $135 $76 $35 $135 $75 $36 $138 $76 $35 Si 35 $75 $35 $136 $75 $36 .$136 $75 $35 ' $135 S0010151_ . 0301 $3Q0 ' 8240.. 4240 4245 4245 : 4245 $240 8240: $240, ` .82,031 eta fr 81 ;° Nate: 11,414 era WO lhMt ara naw.ta denarkiroarin thatwl1 ettelea.le the Malta DOT Woik Program, TiaramGmita atoll aro Woo Pet m 'W mreaiaartte that udyle hla Maras i7tici Oui °a1h Irau Oawrai ilayoure MOVIOurAna or $676 rikkoo instal yob( 200646 lad nuakaliantaryOtani$Taxa1:0641.76ml o apow lly66dila+ $nriot iroat"2oat.ga oodeatuted&ttheautoTioRl o6okoaTrualPend. 34 vhllatrotigt 4,1 t,t 411.4.w.y4.Y