Item Coversheet

New Business and Commission Requests - R9  J




COMMISSION MEMORANDUM

TO:Honorable Mayor and Members of the City Commission 
FROM:Jimmy L. Morales, City Manager 
DATE:November  18, 2020
 



SUBJECT:UPDATE FROM ECONOMIC DEVELOPMENT REGARDING  ENGAGEMENT OF DAEDALUS ADVISORY SERVICES TO PREPARE THE NORTH BEACH CRA REDEVELOPMENT PLAN.

RECOMMENDATION

This item is an update from the Administration and does not require action by the City Commission. 

BACKGROUND/HISTORY

On July 7, 2019, the City Commission adopted Resolution 2019-30982, which made a finding of necessity for the redevelopment of a specified underserved portion of North Beach.

 

On July 8, 2020, the Miami-Dade County Board of County Commissioners adopted Resolution R-619-20, which acknowledged the need to declare a community redevelopment area and delegated the City the power to prepare a plan of redevelopment  for North Beach (the “Redevelopment Plan”). Following adoption by the City Commission, the County Commission must also review and approve the Redevelopment Plan at public hearing.  

ANALYSIS

Following a competitive bid process with RFQ-2019-084-ND, the City Commission adopted Resolution No. 2019-30766, approving a multidisciplinary, pre-qualified pool of four consultant firms available for specific tasks relating to economic development services.

 

Economic Development solicited proposals from the pre-qualified pool of consultants for engagement to prepare the Redevelopment Plan for North Beach. We anticipate this scope of work to include: review of background material and analysis of economic conditions; drafting of a planning document that details the CRA’s goals and strategies, including financial projections and TIF methodologies to fund successful implementation of the plan; and meetings and presentations with city staff, the community, and public hearings.

 

The City received responses from three firms, each with noteworthy credentials: Lambert Advisory L.C., Daedalus Capital, LLC, and The Corradino Group, Inc. Daedalus Capital, LLC d/b/a Daedalus Advisory Services (“Daedalus”) has superior expertise in real estate finance and presented a proposal that best addressed the needs of a Redevelopment Plan for North Beach. The firm’s team includes Dover, Kohl & Partners, the town planners who successfully engaged the North Beach community to reach consensus with Plan NoBe (2016).

 

Staff met with the proposer team to discuss timeline, deliverables, and community engagement. Subconsultant Dover Kohl has had recent success with implementing virtual community charettes and have proposed using a similar model during preparation of the North Beach Community Redevelopment Plan. The Administration believes this component strengthens the proposal, given the importance of public participation in developing the Redevelopment Plan and the need to balance public health and safety.

 

It is important to note that, upon meeting with City staff, Daedalus agreed to revise its proposal to reduce the proposed cost to the City. Also, at the City's request, Daedalus added to its team a subconsultant of its choosing with a demonstrated CRA background. The consultant's revised proposal dated November 9, 2020 (Exhibit A) includes subconsultant Redevelopment Management Associates (“RMA”), an established firm with South Florida CRA experience.

FINANCIAL INFORMATION

The consultant's proposal will cost the City $159,935. Funding for the plan is incorporated the proposed Fiscal Year 2020-2021 unencumbered carryover request.

 

The Economic Development department has incorporated this amount in its FY 2021 budget. 

CONCLUSION

Given the proposer’s pre-qualification by the City Commission and a proposal of services in accordance with their existing 2019 agreement with the City, the Economic Development department intends to engage Dadealus Advisory for the Redevelopment Plan. Kickoff activities including public outreach and communication will commence immediately, with a virtual charrette planned for January 2021. Additional updates to the City Commission are forthcoming.  

Applicable Area

North Beach
Is this a "Residents Right to Know" item, pursuant to City Code Section 2-14? Does this item utilize G.O. Bond Funds?
Yes No 

Strategic Connection

Prosperity - Revitalize targeted areas and increase investment.
Legislative Tracking
Economic Development

ATTACHMENTS:
Description
Attachment A – Consultant Proposal