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HomeMy WebLinkAboutAgenda Item Cover PageAGENDA ITEM COVER PAGE File ID: #16797 Resolution Sponsored by: Commissioner Manolo Reyes A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), REALLOCATING FUNDS, IN THE TOTAL AMOUNT OF ONE MILLION, ONE HUNDRED SEVENTY-TWO, FIVE HUNDRED TWENTY-NINE AND 64/100 DOLLARS ($1,172,529.64) ("FUNDS") FROM DISTRICT 4 PARK AND AFFORDABLE HOUSING LAND ACQUISITION, PROJECT NO. 40-B213414, AND SILVER BLUFF PARK IMPROVEMENT AND ENHANCEMENTS, PROJECT NO. 40-B193523, IN THE CITY OF MIAMI'S ("CITY") FISCAL YEAR 2024-25 MULTI -YEAR CAPITAL PLAN ADOPTED ON SEPTEMBER 7, 2024 PURSUANT TO RESOLUTION NO. R-24-0328 ("CAPITAL PLAN"), AND RE -APPROPRIATING SAID FUNDS TO CURRENT AND FUTURE CAPITAL PROJECTS IDENTIFIED IN EXHIBIT "A," ATTACHED AND INCORPORATED; THE USE, ALLOCATION, AND APPROPRIATION OF FUNDS IDENTIFIED HEREIN, ARE SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS AND THE RECEIPT OF ALL NECESSARY APPROVALS, INCLUDING, BUT NOT LIMITED TO THE CITY ATTORNEY AND BOND COUNSEL APPROVAL; RATIFYING, APPROVING, AND CONFIRMING CERTAIN NECESSARY ACTIONS BY THE CITY MANAGER AND DESIGNATED CITY DEPARTMENTS IN ORDER TO UPDATE THE CAPITAL PLAN, RELEVANT FINANCIAL CONTROLS AND COMPUTER SYSTEMS IN CONNECTION THEREWITH, FOR PROJECT CLOSE-OUTS, AND FOR GRANTS AND OTHER FUNDING SOURCES IN PROGRESS IN CONNECTION HEREWITH; PROVIDING FOR AN EFFECTIVE DATE. City of Miami Legislation Resolution Enactment Number: R-24-0432 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 16797 Final Action Date:10/24/2024 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), REALLOCATING FUNDS, IN THE TOTAL AMOUNT OF ONE MILLION, ONE HUNDRED SEVENTY-TWO, FIVE HUNDRED TWENTY-NINE AND 64/100 DOLLARS ($1,172,529.64) ("FUNDS") FROM DISTRICT 4 PARK AND AFFORDABLE HOUSING LAND ACQUISITION, PROJECT NO. 40-B213414, AND SILVER BLUFF PARK IMPROVEMENT AND ENHANCEMENTS, PROJECT NO. 40-B193523, IN THE CITY OF MIAMI'S ("CITY") FISCAL YEAR 2024-25 MULTI -YEAR CAPITAL PLAN ADOPTED ON SEPTEMBER 7, 2024 PURSUANT TO RESOLUTION NO. R-24-0328 ("CAPITAL PLAN"), AND RE -APPROPRIATING SAID FUNDS TO CURRENT AND FUTURE CAPITAL PROJECTS IDENTIFIED IN EXHIBIT "A," ATTACHED AND INCORPORATED; THE USE, ALLOCATION, AND APPROPRIATION OF FUNDS IDENTIFIED HEREIN, ARE SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS AND THE RECEIPT OF ALL NECESSARY APPROVALS, INCLUDING, BUT NOT LIMITED TO THE CITY ATTORNEY AND BOND COUNSEL APPROVAL; RATIFYING, APPROVING, AND CONFIRMING CERTAIN NECESSARY ACTIONS BY THE CITY MANAGER AND DESIGNATED CITY DEPARTMENTS IN ORDER TO UPDATE THE CAPITAL PLAN, RELEVANT FINANCIAL CONTROLS AND COMPUTER SYSTEMS IN CONNECTION THEREWITH, FOR PROJECT CLOSE-OUTS, AND FOR GRANTS AND OTHER FUNDING SOURCES IN PROGRESS IN CONNECTION HEREWITH; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, except for such changes as set forth herein, all previous appropriations remain authorized to continue as previously approved City of Miami ("City") capital projects (new, revised, and continued projects collectively, "Projects") according to the Fiscal Year 2024- 2025 Multi -Year Capital Plan adopted on September 7, 2024, pursuant to Resolution No. R-24- 0328 ("Capital Plan"), as amended; and WHEREAS, it is now necessary to reallocate funds in the total not to exceed amount of One Million, One Hundred Seventy -Two, Five Hundred Twenty -Nine and 64/100 Dollars ($1,172,529.64) ("Funds") from District 4 Park and Affordable Housing Land Acquisition, Project No. 40-B213414 ("D4 Land Acquisition"), and Silver Bluff Park Improvement and Enhancements, Project No. 40-B193523 ("Silver Bluff Park"), in the City of Miami's ("City") Fiscal Year 2024-25 Multi -Year Capital Plan adopted on September 7, 2024, pursuant to Resolution No. R-24-0328 ("Capital Plan"), and re -appropriating said Funds to current and future capital projects, all as set forth in Exhibit "A," attached and incorporated; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble of this Resolution are adopted by reference thereto and incorporated herein as if fully set forth in this Section. Section 2. The City Commission hereby approves and authorizes the City Manager to reallocate funds in the total not to exceed amount of One Million, One Hundred Seventy -Two, Five Hundred Twenty -Nine and 64/100 Dollars ($1,172,529.64) previously allocated to the D4 Land Acquisition and Silver Bluff Park Projects and re -appropriate said Funds to current and future capital projects, all as set forth in Exhibit "A," attached and incorporated. Section 3. The use, allocation, and appropriation of funds from the City of Miami, Florida Limited Ad Valorem Tax Bonds (Miami Forever Infrastructure Programs), Tax -Exempt Series 2024A dated June 12, 2024, and all other funds identified herein, are subject to all federal, State, and local laws that regulate the use of such funds and the receipt of all necessary approvals, including, but not limited to the City Attorney and Bond Counsel approval. Section 4. Certain necessary actions by the City Manager and designated City officials and departments made in order to update the Capital Plan, relevant financial controls and computer systems in connection therewith, for project close-outs, and for grants and other funding sources in progress in connection herewith are ratified, approved, and confirmed. Section 5. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: rge Wyy•ng Ilf, C y ttor -y 10/15/2024 1 The herein authorization is further subject to compliance with all legal requirements that may be imposed, including but not limited to, those prescribed by applicable City Charter and City Code provisions. 2 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.