Resolution LPA 2005-30 - Laserfiche WebLink

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I I I I I I I I I I I I I I I I I I I Demands of Growth on Infrastructure Since 2000, the Capital Improvement Element has provided guidelines for the upgrading and replacement of facilities to meet the adopted level of service. The City is undergoing a number of projects to meet the infrastructure demands due to the intensity of growth. These include beautification efforts, park acquisition and either undergrounding or replacing utility lines. The City is working with Florida Power and Light to underground the power lines and has replaced the street lights along Collins Avenue. New decorative street lighting on 159th Street and 174th Street has been installed and the City is in the process of designing the street light replacement program for North Bay Road, 172nd Street, and along Collins Avenue. The City has created a Sunny Isles Beach Boulevard Street Improvement Project to improve the entranceway to the City. The project is expected to cost more than $4 million and $3 million of that amount is expected to be funded by the Florida Department of Transportation. Currently, the design is 90% complete and construction is expected to begin in April or May 2006. Further roadway improvements are expected along 172nd Street. The construction costs are anticipated at $1.2 million with design estimated at $170,000. These improvements will include roadway resurfacing, landscaping, drainage and decorative lighting. Sunny Isles Beach has installed new bus shelters throughout the City and has completed a feasibility study for a pedestrian bridge that would link North Bay Road from 172nd Street to 174th Street. An application has been submitted to the Metropolitan Planning Organization for funding up to one millions dollars for the bridge design, construction and inspections. The total cost of this project is estimated at $1.4 million. A Building Better Communities General Obligation Bond is funding $2.5 million of a $4.5 million Central Island Drainage project. The City is expected to pay the balance of the project. Construction is estimated to begin in the winter of 2006. The bond is also funding a portion of a proposed Active Park, which construction is expected to begin in September or October of 2005. The City has experienced steady economic growth since 2000. Based on June 27, 2005 figures from the City Manager's Office, the assessed value of the taxable property in the City of Sunny Isles Beach has grown from $1,692,453,357 to $3,231,394,080, an increase of approximately 91 % between FY 2000-01 and FY 2004-05 . Therefore, the proposed capital improvement projects are expected to have limited impact on the City's current and projected budgets. City of Sunny Isles Beach - 2005 Draft Evaluation and Appraisal Report Rev. 6/29/2005 Page 36