HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #16472
Date: 08/05/2024
Commission Meeting Date: 09/07/2024
Requesting Department: Office of
Management and Budget
Sponsored By:
District Impacted: All
Type: Resolution
Subject: Approve FY'25 - Multi -Year Capital Plan
Purpose of Item:
To approve the City of Miami's "Fiscal Year 2024-25 Multi -Year Capital Plan" as
required by the Community Planning Act, more particularly, Sections 163.3161 and
163.3177, Florida Statutes (2023), and pursuant to Chapter 18/Article IX/Divisions 1 and
2 of the Code of the City of Miami, Florida, as amended ("City Code"), entitled
"Financial/Financial Policies/Anti-Deficiency Act/Financial Integrity Principles".
Background of Item:
The Office of Capital Improvements is tasked with the responsibility to execute capital
improvement projects. The Office of Management and Budget is tasked with the
responsibility of preparing and presenting the Capital Plan. Pursuant to Chapter
18/Article IX/Divisions 1 and 2 of the City Code, entitled "Financial/Financial
Policies/Anti-Deficiency Act/Financial Integrity Principles," the City is required to prepare
a capital plan detailing improvements needed to support City services. The proposed
capital plan identifies $3.885 billion in projects ($1.686 billion prior years funded,
$61.827 million proposed funding, $2.449 billion unfunded) for the Fiscal Year plus five
additional years. The six year plan includes 810 active projects. During the current
Fiscal Year new capital appropriations totaling $61.827 million will be used to fund 44
projects as detailed in the capital plan.
Budget Impact Analysis
Item is Related to Revenue
Item is an Expenditure
Item is NOT funded by Bonds
Total Fiscal Impact:
Total Fiscal Impact: $1.686 billion with $61.827 million newly appropriated
CIP Project No: various
Reviewed B
Office of Management and Budget Marie Gouin Department Head Review Completed 08/06/2024 9:04 PM
Office of Management and Budget Mabel Betancourt Budget Analyst Review Skipped 08/12/2024 12:28 PM
Office of Management and Budget Lai -wan McGinnis Budget Analyst Review Completed 08/21/2024 3:03 PM
City Manager's Office Larry M. Spring Assistant City Manager Review Completed 08/28/2024 10:11 AM
City Manager's Office
Legislative Division
Office of the City Attorney
Office of the City Attorney
City Commission
Office of the Mayor
Office of the City Clerk
Legislative Division
Office of the City Attorney
Office of the City Attorney
Office of the City Clerk
Arthur Noriega V
Valentin J Alvarez
Xavier Alban
George K. Wysong III
Maricarmen Lopez
Mayor's Office
City Clerk's Office
Valentin J Alvarez
Xavier Alban
George K. Wysong III
City Clerk's Office
City Manager Review
Legislative Division Review
ACA Review
Approved Form and Correctness
Meeting
Signed by the Mayor
Completed
Completed
Completed
Completed
Completed
Completed
Signed and Attested by the City Clerk Completed
Legislative Division Review Completed
ACA Review Completed
Approved Form and Correctness with Modification(s)
Rendered Completed
08/28/2024 3:24 PM
08/28/2024 5:36 PM
08/28/2024 7:45 PM
08/28/2024 7:59 PM
09/07/2024 10:00 AM
09/12/2024 2:58 PM
09/12/2024 3:41 PM
10/02/2024 10:09 AM
11/18/2024 2:42 PM
Completed
01/03/2025 10:01 AM
City of Miami
Legislation
Resolution
Enactment Number: R-24-0328
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 16472 Final Action Date:9/7/2024
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING THE CITY OF MIAMI'S ("CITY") FISCAL YEAR 2024-25 MULTI -YEAR
CAPITAL PLAN, ATTACHED AND INCORPORATED ("PLAN"), ATTACHED AND
INCORPORATED AS EXHIBIT "A", AS REQUIRED PURSUANT TO THE
COMMUNITY PLANNING ACT, SPECIFICALLY SECTIONS 163.3161 AND 163.3177,
FLORIDA STATUTES (2024), AND CHAPTER 18/ ARTICLE IX/ DIVISIONS 1 AND 2
OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, TITLED
"FINANCIAL/FINANCIAL POLICIES/ANTI-DEFICIENCY ACT/ FINANCIAL INTEGRITY
PRINCIPLES," TO SET FORTH THE CITY'S FISCAL NEEDS FOR CAPITAL
IMPROVEMENTS, SUBJECT TO AN ANNUAL PLAN REVIEW, TO DETERMINE
PROJECT PRIORITIES, TO ADD NEW CAPITAL PROJECTS, AND TO MODIFY
FUNDING ALLOCATIONS AS NECESSARY; PROVIDING FOR INCORPORATION OF
SUBSEQUENT AMENDMENTS TO THE PLAN; AND PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, a capital improvement programming process to support the Miami
Neighborhood Comprehensive Plan is required pursuant to the Community Planning Act,
specifically, Sections 163.3161 and 163.3177, Florida Statutes (2024), and Chapter 18/Article
IX/Divisions 1 and 2 of the Code of the City of Miami, Florida, as amended, titled
"Finance/Financial Policies/Anti-Deficiency Act/Financial Integrity Principles" (collectively,
"Laws"); and
WHEREAS, the City of Miami's ("City") Fiscal Year ("FY") 2024-25 Proposed Multi -Year
Capital Plan as presented to the City Commission, filed with the City Clerk, and posted on the
City's website on July 31, 2024 incorporates the FY 2023-24 Capital Plan set forth in Resolution
No. R-23-0376 adopted September 9, 2023, as subsequently amended on September 14, 2023
pursuant to Resolution No. R-23-0448, on October 26, 2023 pursuant to Resolution Nos. R-23-
0484 and R-23-0485, on November 16, 2023 pursuant to Resolution Nos. R-23-0508, R-22-
0509, and R-22-0519, on December 16, 2023 pursuant to Resolution No. R-23-0549, on
February 22, 2024 pursuant to Resolution Nos. R-24-0075 and R-24-0061, on March 14, 2024
pursuant to Resolution No. R-24-0103, on April 24, 2024 pursuant to Resolution No. R-24-0165,
and on July 11, 2024 pursuant to Resolution Nos. R-24-0266, R-24-0267, and R-24-0272
(collectively, "Proposed Plan"); and
WHEREAS, during the current FY, new capital appropriations totaling $157,570,255.00
will be used to fund projects, as detailed in Exhibit "A", attached and incorporated; and
WHEREAS, the Proposed Plan is a policy and management tool to plan municipal
borrowing and indebtedness over a period of time, to establish annual expenditures within a
framework of long-range fiscal requirements, and to serve as an official statement of the City's
development plans; and
WHEREAS, the Proposed Plan shall incorporate all amendments thereto;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated as if fully set forth in this Section.
Section 2. The Proposed Plan as presented to the City Commission, filed with the City
Clerk, posted on the City's website on July 31, 2024, is approved as required pursuant to the
Laws to set forth the City's fiscal needs for capital improvements, subject to an annual plan
review, to determine project priorities, to add new capital projects, and to modify funding
allocations as necessary.
Section 3. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.'
APPROVED AS TO FORM AND CORRECTNESS:
ge Wy j ng III, C y ' ttor -y 8/28/2024
1 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days
from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective
immediately upon override of the veto by the City Commission.