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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #2918 Date: 11/06/2017 Requesting Department: Office of Management and Budget Commission Meeting Date: 11/16/2017 Sponsored By: District Impacted: All Type: Resolution Subject: Capital Re -Appropriations - FY '17 -'18 Purpose of Item: To reprogram and re -appropriate existing funding sources, appropriate new funding sources, and to amend the Fiscal Year 2017-18 Multi -Year Capital Plan adopted with modifications on September 19, 2017 pursuant to Resolution No. 17-0445 and subsequently amended by Resolution No. 17-0475 adopted on September 28, 2017, and Resolution No. 17-0489 adopted on October 12, 2017 to reflect the reprogramming of existing funding. Background of Item: This resolution reprograms and re -appropriates existing funding to high-priority projects from projects that are complete or are of a lower immediate priority. These new appropriations, as well as reprogramming of existing funding to continue projects requires that the existing Capital Plan adopted as Resolution No. 17-0445, as subsequently amended be further amended to reflect these changes. Street Bonds Series 2 funds are to be reallocated from various capital projects to the Flagler Street project 40-1330606 to continue bond compliance in the 2009 Street and Sidewalks Bond in order to facilitate the spend down of the bond dollars. A contribution from the City of Miami General Fund dollars is established in the amount of $3,125,300 to fund various capital projects ($1,689,000) and to continue funding for those projects recommended for Street Bond Series 2 defunding ($1,436,300). A new appropriation of a contribution from the City Special Revenue Fund dollars from lane closure fees is established in the amount of $907,224 to fund several Public Works department capital projects. A new appropriations of a grant from the Florida Department of Environmental Protection is established in the amount of $1,125,000 to fund the Stormwater Master Plan Update project 40-1330632A. Budget Impact Analysis Item is Related to Revenue Item is an Expenditure Total Fiscal Impact: $5,157,524 Reviewed By Office of Management and Budget Christopher M Rose Department Head Review Completed 11/06/2017 7:33 PM City Manager's Office Fernando Casamayor Assistant City Manager Review Completed 11/06/2017 7:41 PM City Manager's Office Daniel J. Alfonso City Manager Review Completed 11/06/2017 7:45 PM Legislative Division Maricarmen Lopez Office of the City Attorney Maricarmen Lopez Office of the City Attorney Maricarmen Lopez City Commission Maricarmen Lopez Office of the Mayor Mayor's Office Office of the City Clerk City Clerk's Office Legislative Division Valentin J Alvarez Office of the City Attorney Barnaby L. Min Office of the City Attorney Victoria Mendez Office of the City Clerk City Clerk's Office Legislative Division Review Skipped Deputy City Attorney Review Skipped Approved Form and Correctness Skipped Meeting Completed Signed by the Mayor Completed Signed and Attested by the City Clerk Completed Legislative Division Review Completed Deputy Attorney Review Completed Approved Form and Correctness Completed Rendered Completed 11/16/2017 10:29 AM 11/16/2017 10:29 AM 11/16/2017 10:29 AM 11/16/2017 9:00 AM 11/27/2017 6:51 PM 11/27/2017 7:42 PM 04/11/2018 3:49 PM 04/11/2018 6:45 PM 04/13/2018 5:37 PM 04/13/2018 5:45 PM File Number: 2918 City of Miami Legislation Resolution Enactment Number: R-17-0541 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Final Action Date- 11/16/2017 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ADDING CAPITAL PROJECTS TO THE FISCAL YEAR 2017-18 MULTI-YEAR CAPITAL PLAN ADOPTED WITH MODIFICATIONS ON SEPTEMBER 19, 2017 PURSUANT TO RESOLUTION NO. 17-0445 AND AS SUBSEQUENTLY AMENDED ON SEPTEMBER 28, 2017 PURSUANT TO RESOLUTION NO. 17-0475, AND ON OCTOBER 12, 2017 PURSUANT TO RESOLUTION NO. 17-0489, REVISING CURRENT APPROPRIATIONS AMONG APPROVED PROJECTS; AUTHORIZING THE CITY MANAGER, CITY ATTORNEY, BOND COUNSEL, DISCLOSURE COUNSEL, AND ALL OTHER NECESSARY OFFICIALS, EMPLOYEES, AND AGENTS OF THE CITY OF MIAMI ("CITY") TO TAKE ALL ACTIONS NECESSARY FOR CONTINUING COMPLIANCE WITH RESOLUTION NOS. 07-0586 AND 09-0470 ADOPTED OCTOBER 11, 2007 AND OCTOBER 8, 2009, RESPECTIVELY, AND THE TAX COMPLIANCE CERTIFICATE DATED DECEMBER 2, 2009, FOR THE $65,000,000.00 CITY SPECIAL OBLIGATION BONDS, SERIES 2009 (STREET AND SIDEWALK IMPROVEMENT PROGRAM); RATIFYING, APPROVING, AND CONFIRMING CERTAIN NECESSARY ACTIONS BY THE CITY MANAGER AND DESIGNATED CITY DEPARTMENTS IN ORDER TO UPDATE THE RELEVANT FINANCIAL CONTROLS AND COMPUTER SYSTEMS IN CONNECTION THEREWITH AND GRANTS IN PROGRESS. WHEREAS, except for such changes as set forth herein below, all previous appropriations remain authorized to continue previously approved capital projects (new, revised, and continued projects being collectively called, "Projects") according to the Fiscal Year 2017-18 Multi -Year Capital Plan adopted with modifications on September 19, 2017 pursuant to Resolution No. 17-0445 and as subsequently amended on September 28, 2017 pursuant to Resolution No. 17-0475, and on October 12, 2017 pursuant to Resolution No. 17-0489 (collectively, "Plan"); and WHEREAS, it is necessary to adjust the Capital Plan and Capital Funds for continuing compliance with Resolution Nos. 07-0586 and 09-0470 adopted October 11, 2007 and October 8, 2009 ("Bond Resolutions"), and the Tax Compliance Certificate dated December 2, 2009, for the $65,000,000.00 City of Miami, Florida Special Obligation Bonds, Series 2009 (Street and Sidewalk Improvement Program) ("Series 2009 Bonds"); more particularly by reallocating Street Bonds Series 2 funds from various capital projects to the Flagler Street project (40-1330606) to facilitate the spend down of the bond dollars; and WHEREAS, a contribution from the City of Miami ("City") General Fund dollars is established in the amount of $3,125,300.00 to fund various capital projects ($1,689,000.00) and to continue funding for those projects recommended for Street Bond Series 2 defunding ($1,436,300.00); and WHEREAS, a contribution from the City Special Revenue Fund dollars from lane closure fees is established in the amount of $907,224.00 to fund various Public Works department capital projects: and WHEREAS, a new appropriation of a grant from the Florida Department of Environmental Protection is established in the amount of $1,125,000.00 to fund the Stormwater Master Plan Update project (40-B30632A); and WHEREAS, the new and revised appropriations and project additions, attached and incorporated as Exhibits "A" and "B," constitute updates to the Plan and select previous appropriations are being reallocated within Capital Funds for the Plan; and WHEREAS, in order to implement the Plan and the City's Fiscal Year 2017-18 Final Budget requirements authorized pursuant to Resolution No. 17-0475 adopted September 28, 2017 ("Final Budget"), as subsequently amended from time to time, the City Manager and certain designated City Departments continue to take necessary actions to update the City's relevant financial controls and computer systems and for grants in progress; and WHEREAS, it is now necessary in order to approve additional projects and appropriations as attached and incorporated for existing sources of revenues for Fiscal Year 2017-18 and to add to available balances in Capital Funds as set forth below: 31000 -General Government Projects 32000- Pub is Safety 32100-2015Vehicle Lease 33000 - Disaster Recovery 34000- Public Facilities-CIP 35000 - Parks & Recreation 36000 - Streets & Sidewalks 37000 - Sanitary Sewers 38000 - Storm Sewers 39000 - Solid Waste-ClP 39900 - Mass Transit Previous Amount Amendment Final Amount Amount 44,051,030.23 361,524.00 44,412,554.23 17,872,287.31 - 17,872,287.31 53,447.05 - 53,447.05 1, 794, 834.02 - 1, 794, 834.02 94,148, 946.93 (75, 000.00) 94, 073, 946.93 95, 470, 008.75 2, 695, 868.49 98,165, 877.24 81,341,252.39 683,182.36 82,024,434.76 11,670,511.37 - 11,670,511.37 21,858,583.16 1,041,949.15 22,900,532.31 2, 792, 265.67 450, 000.00 3, 242, 265.67 3,236,523.78 - 3,236,523.78 $ 374,289,690.66 $ 5,157,524.00 $ 379,447,214.66 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 herein project additions, appropriations, and adjustments, attached and incorporated as Exhibits "A" and "B," are hereby made to the Plan for implementation of municipal capital improvements of the City for the Fiscal Year 2017- 18. Section 3. Certain necessary actions by the City Manager and designated City Departments made in order to update the City's relevant financial controls and computer systems and for grants in progress, in connection with the Plan and the Final Budget to implement the Projects are ratified, approved, and confirmed. Section 4. This Resolution shall become effective immediately upon its adoption and signature by the Mayor.' APPROVED AS TO FORM AND CORRECTNESS: I i ria i "nde-� ezCify wttor iey 4/1312018 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.