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M I AM I FOREVER GENERAL OBLIGATION BOND City of Miami Commission 7IN-NM 1 t ilkEE't':E1 dE*� W°�RCEi: Eliril!!u 1 WI EE E!wrhr 1/1EE T&TE!1r"n r July 9, 2020 ■ Tranche 1 Status MIAMIOCI BUILDING MIAMI FOREVER MIAMI FOREVER GENERAL ODLIGAIION BON❑ 2 Miami Forever Bond Status Report Total Approved Tranche 1 Projects 33 1 Funds Allocated to Tranche 1 $58,653,339 Infrastructure = $43,653,339 Affordable Housing = $15,000,000 1 Zoning 0 A/E Selection 5 1l:liu: Construction 7 NA - Complete 2 City wide projects completed: ✓ 66 Backflow Valves Under T1 + 21 with FDEP Funds ✓ 11 Spot Drainages ✓ 3 Park Roofs ✓ 4 Playgrounds ✓ 24 Parks Access and Mobility Renovations ✓ 11 Designs Next three months: ■ 6 projects go into bidding for construction ■ 5 into design ■ 4 into construction MIAMI OCI BUILDING MIAMI FOREVER MIAMI FOREVER GENERAL OELIGA-NON BOND 3 Miami Forever Bond Expenditures Status Tranche 1 funding is split in two; Infrastructure and Affordable Housing: i Total MFB FundsTranche 1 Actual (Spent) Encumbrances Percent for Actual (Spent) Percent for Actual (Spent) + Encumbrances $43,653,339.00 $5,697,859.34 $6,845,670.02 13% 29% Affordable Housing Only • Total MFB FundsTranche 1 Actual (Spent) Encumbrances Percent for Actual (Spent) Percent for Actual (Spent) + Encumbrances $15,000,000.00 $0.00 $0.00 0% 0% Infrastructure and Affordable Housing TOTAL Total MFB FundsTranche 1 Actual (Spent) Encumbrances Percent for Actual (Spent) Percent for Actual (Spent) + Encumbrances $58,653,339.00 $5,697,859.34 $6,845,670.02 10% 21% Totals Miami Forever Bond Total MFB Funds Actual (Spent) Encumbrances Percent for Actual (Spent) 7 Percent for Actual (Spent) + Encumbrances $400,000,000.00 $5,697,859.34 $6,845,670.02 1.45% 3.14% MIAMI OCI BUILDING MIAMI FOREVER MIAMI FOREVER GENERAL ODLIGAIION BON❑ 4 Project Selection Process MIAMIOCI BUILDING MIAMI FOREVER MIAMI FOREVER GENERAL OBLIGATION BON❑ 5 Guiding Themes & Funding Categories Five Guiding Themes are developed by the Task Force to create a stronger, more resilient and innovative future for Miami by assessing city-wide requirements and citizen input, orchestrating a deliberate and objective project selection process, and optimizing all available resources GUIDING THEMES 01/400ERNIZAfloN Aligning efforts, driving decisions, and integrating resilience into every bond project .47 44. FUNDING CATEGORIES SEA -LEVEL RISE & FLOOD PREVENTION 6to PARKS & CULTURAL FACILITIES PUBLIC SAFETY ROADWAYS AFFORDABLE HOUSING REMAINING $181,705,072 $52,651,771 $6,580,000 $15,409,818 $85,000,000 M IAM iOCI BUILDING MIAMI FOREVER MIAMI FOREVER GENERAL ODLIGAIION BOND 6 Project Sources Project sources are master plans identified to select projects for each Bond category. Master Plans provide a vision for capital project investments and are used as decisions to select projects that will address city's needs for short-term solutions and long-term strategies. SEA -LEVEL RISE & FLOOD PREVENTION Capital Improvements Plan Demonstration Projects Stormwater Master Plan Shorecrest Area Plan Local Mitigation Strategy Urban Lan Institute Waterfront Designs City Master Plans PARKS & CULTUL i�.�� Capital Improvements Plan Parks Heat Map Parks Master Plan PUBLIC SAFETY Fire Station 10 Programing ROADWAY Capital Improvements Plan Pavement Condition Index (PCI) Assessment AFFORDABLE HOUSING Affordable Housing Master Plan Pipeline Application Public -Public Public Private (P4) MIAMI OCI BUILDING MIAMI FOREVER MIAMI FOREVER GENERAL OELIGA-NON BOND 7 STAKEHOLDER PARTICIPATION Project Selection Process STEP 1 GUIDING THEMES ALIGNMENT EXAMPLE: Project identified to be funded with MFB funds must be aligned with Guiding Themes STEP 2 FUNDING CATEGORY ALIGNMENT When a project meets guiding themes goals and criteria it must meet each respective category's goal and objectives STEP 3 PROJECT SCORING & PRIORITIZATION MIAMIOCI 00DERNIZATroN Aligning efforts, driving decisions, and integrating resilience into every bond project 1 2 3 4 5 Project Sources tle$ Prioritization BUILDING MIAMI FOREVER MIAMI FOREVER GENERAL OELIGA-NON BOND 8 Project Selection Map INPUTS ID- IMPLEMENTATION 1YR IV -PROJECT SOURCES SEA -LEVEL RISE & FLOOD PREVENTION Capital Improvements Plan Demonstration Projects Stormwater Master Plan Shorecrest Area Plan Local Mitigation Strategy Urban Lan Institute Waterfront Designs City Master Plans Capital Improvements Plan Parks Heat Map Parks Master Plan PUBLIC SAFETY Fire Station 10 Programing ROADWAY Capital Improvements Plan Pavement Condition Index (PCI) Assessment AFFORDABLE HOUSING Affordable Housing Master Plan Pipeline Application Public -Public Public Private (P4) 1 2 3 3 YR Construction PROJECT SELECTION PROCESS MQOERNIZATI0 Aligning efforts, driving decisions, and integrating resilience into every bond project ) ® A 4 5 0 0 0 0 0 OUTPUTS Lessons Learned Infrastructure Benefits BENEFITS ■ Increased Safety ■ Positive Environmental Impacts ■ New/Improved Infrastructure ■ Developed Building Standards ■ New Policies ■ Improved Bond Rating ■ Capability Bond ■ Matched Bond Funding ■ Strengthened / New Partnerships ■ Economic Return for the City ■ Return on Investment / Triple Bottom Line ■ MFB 2 INFRASTRUCTURE ■ Improve Park Accessibility ■ Build New park recreational centers ■ Build seawalls and other natural based solutions to prevent flooding ■ Build / improve Affordable housing units ■ Build new Fire Station 10 ■ Improve cultural facilities LESSONS LEARNED ■ Building Capacity ■ Growing Credibility ■ Gaining Knowledge ■ Establishing Credibility ■ Creating Partnerships ■ Matching Funding ■ Establish Support Policies ■ Establish Standards MIAMIOCI BUILDING MIAMI FOREVER MIAMI FOREVER GENERAL ODLIGAIION BON❑ 9 Timeline MIAMI OCI BUILDING MIAMI FOREVER MIAMI FOREVER GENERAL ODLIGAIION BON❑ 10 Project Selection and Initiation Timeline Start Selection Model _}/ Define guiding themes ✓ Identify criteria ✓ Refine category goals and objectives ✓ Develop quantitative selection model M. • December '19 — January 2020 Procurement Capacity Identify project sources/Requirements Screen & evaluate projects • Pursue + capture Matching funding December 2019 — Nov. 2020 • Assess enterprise and OCI capacity: ■ Increase CPMSS capacity Project Selection Submit Project List for Commission Approval • City Leadership Approval • Submitt project list for commission Agenda October — December 2020 December '20 - January '21 • Modify if needed • Commission approve list — move to execution • Set expectations Commission Project Approval • Initiation • Confirm cost • Confirm schedule • Assign Project • Identify procurement method • Execute February — March 2021 Best Value JOC (4/2020) PSC Pools (8/2020) Construction Contracting Pool (12/2020) CPMSS (12/2020) MIAMI OCI BUILDING MIAMI FOREVER MIAMI FOREVER GENERAL ODLIGKNON BOND 11