2011-0906 Special City Commission Meeting

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Summary Minutes: Special City Commission Meeting September 6, 2011 First Budget Hearing Sunny Isles Beach, Florida Center. We have some initial monies to do some studies for the Pedestrian & Emergency Vehicular Bridge but the bulk of that is going to be in 2013-2014. The FPL Undergrounding Project will be continuing and he clarified that the $429,000 is gross, not a credit, we have over a $300,000 credit with FPL which will be applying to this $429,000 and so the net will be in the neighborhood of $120,000. Mayor Edelcup said we should address the fact that these are showing red negatives in cash flow, and for the record, these numbers do not give any credit for the possibility of six or seven other items that could balance that budget. Weare talking about perhaps debt refinancing that would bring in $2 Million, we are talking about selling the Alamo property which could bring immediate cash or immediate in the next couple of years of$3 Million and another $4.5 Million thereafter. Additional property taxes that would come in from increased assessments if we had to go that route, additional revenues from grants, and it doesn't consider any sales of TDRs which may come about as a result of new construction in those future years. And so, there are ways to mitigate the red numbers. City Manager Cohen said he was initially focusing on FY 2012, and explained that the Commission has in front of them a Five- Year Capital Budget and we are showing, starting in FY 2013 a deficit in the Capital Budget. That is based on current conditions, and as the Mayor pointed out, it is not reflective of a variety of different actions that are available in the Commission's arsenal of different decisions or actions that they can take to reduce and eliminate the deficit that is shown here. He said it is only there as a place holder for discussion purposes next year, and he pointed out that the Commission is not voting on any of the projects in years 2013 through 2016. Public Speakers: Gerry Goodman Former Commissioner Gerry Goodman asked about flooding on 174th Street and landscaping the center island on I 74th Street, and City Manager Cohen said in the Streets Construction & Maintenance Fund we have $140,000 for Capital Projects that is primarily for improvements at 182nd and 183rd Streets and Collins, and the Heritage Garage. We also have $440,000 which is being funded out of the Stormwater Capital Funds, and in that fund is the 174th Street Drainage Project. Commissioner Goodman asked if there is any landscaping on the center island of 174th Street in the Capital Projects, and City Manager Cohen said no, we are first focused on making the existing landscaping look better, and we are going to make sure that median is well taken care of. City Manager Cohen reported in the Stormwater Capital Fund on page C-1 0, we have $150,000 for the completion of Bella Vista Bay Park Project, and for some drainage issues at Heritage Park. Mayor Ede1cup said on the presentation of the Newport Fishing Pier on page C-11, one of the problems he is having with this presentation is that it really never shows the total expenditure anticipated for that project, and he would hope that on each ofthese pages there is a total cost of that particular project. City Manager Cohen said that the information is there but it is in small type under the project components box on the right hand side. We will do a better job of presenting it so that it is clearer to the Commission and the general public. Mayor Edelcup said then right now you are adding those three columns and coming to that number on the Pier, and City Manager Cohen said yes, that is the worst case scenario number. Mayor Edelcup said to pay $5,823,436 for the Pier, he does not accept that as a budget figure, 5