HomeMy WebLinkAboutCRA-R-25-0041 Backup-Budget Detail and NarrativeRCN FY 2023
City of Miami
Connecting Miami: 1-395 Underdeck and Heritage Trail
BUDGET
SuuiLcs and Uses of Project Funding for 2023 NAE Project
The source, amount, type, and use by project phase of each funding source under this grant
application is presented in Table 1. All costs in this table are future eligible costs only. Previously
incurred costs are excluded from the table. Further planning and final design will begin once a
grant award agreement is accomplished.
Description
Non -Federal (State)
Non -Federal (CityICRA)
RCN Grant
Other Federal
Total Federal
Total Cost
Amount %
Amount
%
Amount
%
Amount
%
Amount
%
Amount
%
Planning
$0 0.00%
$750,000
6.94%
$0
0.00%
$0
0.00%
$0
0.00%
$750,000
0.9%
Design
$1,500,000 13.04%
$764,820
7.08%
$3,968,175
6.57%
$0
0.00%
$3,968,175
6.57%
$6,232,995
7.5%
Right -of -Way
$0 0,00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.0%
Construction
$10,000,000 86.96%
$8,738,173
80,91%
$52,474,659
86.95%
$0
0.00%
$52,474,659
86.95%
$71,212,832
86.2%
CEI and Const. Admin.
Total Cost
Share of Total Cost
$0 0.00%
$11,500,000 100.00%
13,91%
$547,007
$10,800,000
5.06%
100.00%
13,07%
$3,910,896
$60,353,730
6.48%
100.00%
73,02%
$0
$0
0.00%
0.00%
0,00%
$3,910,896
$60,353,730
6.48%
100.00%
73,02%
$4,457,903
$82,653,730
5.4%
100.00%
100,00%
TABLE 1 Sources and Uses of Future
Eligible
Proiect
Costs
In addition to the proposed NAE capital grant funding, project funds are derived from non -Federal
funds provided by the City of Miami and its project partners the Southeast Overtown/Park West
(SEOPW) Community Redevelopment Authority (CRA) and the Omni CRA, and by FDOT as
part of the I-395 Design -Build project. The Right -of -Way phase shows no budgeting as no right-
of-way acquisition is needed for the Underdeck project. Table 2 presents a summary of the project
sources of funding.
Funding Source
Amount
Total Federal
$60,353,730
73.0%
RCN Grant Funds
$60,353,730
73.0%
Other Federal
$0
0,0%
Non -Federal
$22,300,000
27.0%
State
$11,500,000
13.9%
City of Miami & CRAs
$10,800,000
13.1%
TOTAL
$82,653,730
100.0%
TABLE 2 Underdeck Funding Uses
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RCN FY 2023 City of Miami
It is further noted that:
• The budget table shows both dollars and percentages as requested.
• Grant award funding would be applied to the design, construction, and construction
engineering/inspection (CEI) and related administration phases of project implementation.
• Non -Federal City and CRA local funding contributions will be applied to all phases.
o City funds are $3,800,000, and each CRA is providing $3,500,000, for a total of
$10,800,000.
• Non -Federal State (FDOT) funds will be applied to design and construction, with the Other
Federal funds flowing through FDOT applied to construction. Funds flowing through FDOT
are $11,500,000.
• The percentage of 73.0% under the Total Federal funding column demonstrates that the project
reliance on Federal funds does not exceed the 80% limited as stated in the NOFO.
• Partnership letters expressing funding commitments from FDOT, the Southeast
Overtown/Park West (SEOPW) Community Redevelopment Authority (CRA and the Omni
CRA) are provided in Appendix E — Partnership Letters. In addition, Appendix F — City
and FDOT Agreements provides the Memoranda of Understanding between the City and
FDOT, demonstrating the ongoing collaboration that guides their joint efforts on the I-395
Design -Build project and its Underdeck component.
• As acknowledged in the FDOT partnership letter, the grant award budget and other local match
funds as required would be transferred to FDOT (as needed) to be applied to the design,
construction and CEI/construction administration of the Underdeck facility per the Consensus
Plan.
Project Costs by Phase
These additional points are provided regarding the proposed Underdeck project budget:
• Cost estimates for the Underdeck have been based on updated conceptual schematics at
approximately the 15% level of completion. Conceptual plans have considered all elements of
the Underdeck facility in a systematic approach that has recognized the integration of all
components into a functional whole. Project costs are in Year of Expenditure (YOE).
• Project costs are based on a detailed 2023 cost workup from the conceptual plans by
improvement type, quantities, and unit costs (Table 3). Costs are conservatively escalated at
7% per year to the start of construction in 2026. A 10% contingency was applied to costs as an
allowance for unknowns. Project cost estimate information is provided in Appendix H-
Underdeck Cost Estimate.
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RCN FY 2023 City of Miami
Project Phase
Amount
%
Planning
$750,000
0.9%
Design
$6,232,995
7.5%
Construction
$71,212,832
86.2%
CEI/Constr. Admin.
$4,457,903
5.4%
TOTAL
$82,653,730
100.0%
TABLE 3 Underdeck Funding Uses
• The Underdeck corridor project as proposed implements the entire improvement program,
including the trunk pathway corridor — the Heritage Trail — and complementary components
including applying Universal Design, with landscaping, other hardscape elements, lighting,
security/WIFI, seating, three comfort stations, drinking fountains, bicycle racks, art in public
places, historical monuments and murals, and traffic -calmed signalized pedestrian crossings,
as well as several water features, playgrounds, an amphitheater, dog park, bicycle skills
hardscape, play courts, open lawns, additional general landscaping and pockets of intensive
tree plantings, open lawn areas, additional pathways, benches and wall seating.
• While outside of grant capital award parameters, the ongoing operations and maintenance of
the Underdeck has been assumed by the City of Miami, as part of its annual Parks and
Recreation Department budget.
Federal Funding and Non -Federal Match
This grant application presents a FY 2023 RCN capital grant funding request of $60,353,730 under
the NAE program. As noted in Table 8 and Table 9, the grant request amount is 73.0%, below
the maximum Federal share. The requested grant is proposed extent of Federal funding. The non -
Federal funds proposed are 27.0% of the future eligible project costs.
No Funding Limitations
There are no restrictions on identified funding sources as to contingencies, time horizons, or other
provisions that would limit the use of the funds. The City of Miami elected officials have endorsed
the Connecting Miami: I-395 Underdeck and Heritage Trail project.
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