A RESOLUTION ADOPTING THE SEVENTH AMENDMENT TO THE CAPITAL BUDGET FOR FISCAL YEAR 2015/16.

Planning for capital improvements is an ongoing process; as needs change within the City, capital programs and priorities must be adjusted. The Capital Improvement Plan (“CIP”) serves as the primary planning tool for systematically identifying, prioritizing and assigning funds to critical City capital development, improvements and associated needs.

The City's capital improvement plan process begins in the spring when all departments are asked to prepare capital improvement updates and requests on the department’s ongoing and proposed capital projects. Individual departments prepare submittals identifying potential funding sources and requesting commitment of funds for their respective projects.

The CIP is updated annually and submitted to the City Commission for adoption. The 2015/16 – 2019/20 Capital Improvement Plan and FY 2015/16 Capital Budget was adopted on September 30, 2015 by resolution 2015-29144.

The First Amendment to the FY 2015/16 Capital Budget was approved on December 9, 2015 by resolution 2015-29220.

The Second Amendment to the FY 2015/16 Capital Budget was approved on January 13, 2016 by resolution 2016-29262.

The Third Amendment to the FY 2015/16 Capital Budget was approved on February 10, 2016 by resolution 2016-29292.

The Fourth Amendment to the FY 2015/16 Capital Budget was approved on April 13, 2016 by resolution 2016-29361.

The Fifth Amendment to the FY 2015/16 Capital Budget was approved on May 11, 2016 by resolution 2016-29399.

The Sixth Amendment to the FY 2015/16 Capital Budget was approved on June 8, 2016 by resolution 2016-29436.

Section 166.241(4)(c.), Florida Statutes, requires that a municipality’s budget amendment must be adopted in the same manner as the original budget. Administration recommends adopting the resolution for the Sixth Amendment to the FY 2015/16 Capital Budget.

SEVENTH AMENDMENT TO THE FY 2015/16 CAPITAL BUDGET

The Seventh Amendment to the FY 2015/16 Capital Budget totals an increase of $5,027,196 in new appropriations and re-aligning of $203,180, in order to provide additional funding to the following capital projects.

1. Española Way Conversion:
This amendment appropriates funds needed for the Española Way Conversion between Washington Avenue & Drexel Avenue. The conversion of Española Way into a Pedestrian Mall, includes the replacement of the watermain, drainage, landscaping and irrigation, street lighting, and hardscape. Funding is available for this project under the South Beach Quality of Life Fund – 305.

2. West Avenue/Bay Road Neighborhood:
This amendment is pursuant to Reso #2016-29453 approved at the June 8, 2016 Commission meeting approving and authorizing the Mayor and City Commission to execute Amendment No. 8 to the Design-Build Services Agreement between the City of Miami Beach, Florida, and Bergeron Land Development, Inc., related to the completion of roadway improvements along West Avenue, between 6th and 8th Streets, and 10th, 14th, and 17th Streets, West of Alton Road; said Amendment in the amount of $2,688,006 will be funded as follows:

$806,402 from Stormwater Line of Credit Fund- 429
$1,881,604 from available fund balance in Neighborhood GO Bond Fund- 384

3. City Wide Tidal Flooding Mitigation:
This amendment is pursuant to Reso #2015-29239 approved at the December 9, 2015 Commission meeting approving and authorizing the Mayor and City Commission to execute Change Order No. 4 with Southern Underground Industries, Inc. for the implementation of the City’s “Tidal Flooding Mitigation Project”. This amendment provides the additional funding needed for this project in the amount of $458,000 from the Stormwater 2015Bond Series – Fund 432.

      
4. 63rd Street Water Main:
This amendment is pursuant to Commission item on the July 13, 2016 Commission meeting agenda authorizing the Mayor and City Commission to execute a Change Order with David Mancini and Sons, Inc. for the 63rd Street Water Main Replacement project. This amendment provides the additional funding needed for this project in the amount of $61,180 through a transfer of available funds from the Infiltration & Inflow Program project in Water & Sewer Fund-424.

5. Cherokee Avenue Seawall:
This amendment adds a new project to the Capital Improvements Plan for the Cherokee Avenue South End Seawall. Funding for this project is available through a transfer of available funds from the Flamingo Drive Seawall project in Neighborhoods GO Bond Fund-384.