R7H - Amend Fy2025 Nbcra Capital

Resolutions - R7 H

COMMISSION MEMORANDUM

10:05 a.m. Public Hearing

RECOMMENDATION

The Administration recommends that the City Commission adopt the attached Resolution.

BACKGROUND/HISTORY

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

The City's CIP and Capital Budget development process begins in the winter when all departments are asked to prepare updates and requests on their department’s ongoing and new 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 Fiscal Years (“FY”) 2025 – 2029 CIP and FY 2025 Capital Budget was adopted on September 25, 2024 by Resolution No. 2024-33297.

In accordance with Section 189.016, Florida Statutes, the governing body of the North Beach Community Redevelopment Agency, operating as a special district, is required to adopt a budget by resolution each fiscal year and may amend the budget at any time, but not later than within 60 days following the end of the fiscal year.

The operating budget for the North Beach Community Redevelopment Area for Fiscal Year (FY) 2025 was adopted by the Mayor and City Commission on September 25, 2024, through Resolution No. 2024-33298, and also adopted by the Chairperson and Board of Directors of the North Beach Community Redevelopment Agency on September 25, 2024, through Resolution No. 021-2024. This budget includes a set-aside for projects.

ANALYSIS

FIRST AMENDMENT TO THE FY 2025 NORTH BEACH COMMUNITY REDEVELOPMENT AREA CAPITAL BUDGET

The proposed First Amendment to the FY 2025 North Beach Capital Budget reflects an overall increase of $1,500,000.00 for the following capital project:

1. Biscayne Beach Elementary Schoolyard (New Project): Pursuant to the Interlocal Agreement dated October 4, 2021, between the City of Miami Beach, Miami-Dade County, and the North Beach Community Redevelopment Agency, the City Commission must approve any amendment to the annual budget for the North Beach Community Redevelopment Area.

At the April 23, 2025 City Commission meeting, the Mayor and City Commission adopted Resolution No. 2025-33641, approving the recommendation of the North Beach CRA Advisory Committee to allocate funding in an amount not to exceed $1.5 million for the design, development, and construction of the Biscayne Beach Elementary Schoolyard Project, which is within the boundaries of the North Beach Community Redevelopment Area. The funding for this project was also approved by the Chairperson and Board of Directors of the North Beach Community Redevelopment Agency on April 23, 2025, through Resolution No. 028-2025.

Funding for this proposed amendment would come from the realignment of existing funding that is currently appropriated in the FY 2025 North Beach Community Redevelopment Area operating budget for future projects (Fund 163) to this project, via Fund 367, as reflected in the companion FY 2025 North Beach Community Redevelopment Area operating budget amendment agenda items.

Prior Appropriations

$0.00

May 21, 2025 Budget Amendment

1,500,000.00

Proposed Total Appropriations

$1,500,000.00

FISCAL IMPACT STATEMENT

See the information provided above.

Does this Ordinance require a Business Impact Estimate? (FOR ORDINANCES ONLY)

If applicable, the Business Impact Estimate (BIE) was published on: See BIE at: https://www.miamibeachfl.gov/city-hall/city-clerk/meeting-notices/

FINANCIAL INFORMATION

See the information provided above.

CONCLUSION

The City Administration recommends that the Mayor and City Commission adopt the First Amendment to the North Beach Community Redevelopment Area Capital Budget for FY 2025 described herein and further detailed in Attachments A-C of the accompanying resolution.

EC/JDG/TOS

Applicable Area

North Beach

Was this Agenda Item initially requested by a lobbyist which, as defined in Code Sec. 2-481, includes a principal engaged in lobbying? No

If so, specify the name of lobbyist(s) and principal(s):

Department

Management and Budget

Sponsor(s)

Co-sponsor(s)

Condensed Title

10:05 a.m. Joint, Adopt 1st NBCRA Capital Budget Amendment. OMB

Previous Action (For City Clerk Use Only)