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RESOLUTION APPROVING SIGNIFICANT MODIFICATION OF BUILDING BETTER COMMUNITIES GENERAL OBLIGATION BOND PROGRAM PROJECTS NO. 92 - ''UNINCORPORATED MUNICIPAL SERVICE AREA - ARCOLA LAKES PARK'' TO REDUCE ALLOCATION BY $300,000.00 AND NO. 93 - ''UNINCORPORATED MUNICIPAL SERVICE AREA � OAK GROVE PARK'' TO INCREASE ALLOCATION BY $300,000.00 OF SURPLUS FUNDS FROM PROJECT NO. 92, BOTH AS IDENTIFIED IN APPENDIX A TO RESOLUTION NO. R-913-04, AFTER A PUBLIC HEARING AND IN ACCORDANCE WITH IMPLEMENTING ORDER 3-47 REGARDING ALLOCATION OF SURPLUS FUNDS

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WHEREAS, pursuant to Resolution No. R-913-04 (�Park and Recreation Resolution�), the voters of Miami-Dade County approved the issuance of general obligation bonds in a principal amount not to exceed $680,258,000.00 to construct and improve neighborhood and regional parks and other recreational areas; and
WHEREAS, Appendix A to the Park and Recreation Resolution lists projects eligible for funding from the Building Better Communities General Obligation Bond Program (the �Bond Program�) by project number, municipal project location, Commission district, project name, project description, street address and allocation; and
WHEREAS, one of the projects listed in Appendix A to the Park and Recreation Resolution is Project No. 92 � �Unincorporated Municipal Service Area � Arcola Lakes Park,� in Commission District 2, with an original allocation of $6,000,000.00, a project description that reads �Local park improvements include building and aquatic construction; picnic shelter; vehicle and pedestrian circulation; landscaping; and utilities.� (�Project No. 92�); and
WHEREAS, the Bond Program allocation for Project No. 92 was increased by $300,000.00, for a total allocation of $6,300,000.00, pursuant to Resolution No. R-583-10, such additional funds being derived from interest earnings having accrued to the Bond Program; and
WHEREAS, another of the projects listed in Appendix A to the Park and Recreation Resolution is Project No. 93 � �Unincorporated Municipal Service Area � Oak Grove Park,� also in Commission District 2, with an original allocation of $618,000.00 and a project description that reads �Local park improvements include building renovation, playground, picnic area, pedestrian circulation improvements and landscaping� (�Project No. 93�); and
WHEREAS, Project No. 93 has a budget shortfall of $300,000.00, such shortfall negatively impacting the development of the Father Gerard Jean-Juste Community Center at Oak Grove Park; and
WHEREAS, the scope of Project No. 92 has been reduced and value engineered so as to allow Project No. 92 to be completed with the expenditure of $6,000,000.00, and thereby leaving unused proceeds of $300,000.00, such unused proceeds being �surplus funds� (as such term is defined in Implementing Order 3-47 (�IO 3-47�), that can be used for Project No. 93; and
WHEREAS, this Board desires to approve a significant modification to Project No. 92 to reduce its allocation by $300,000.00, resulting in a revised allocation of $6,000,000.00, and to Project No. 93 in order to allocate the $300,000.00 of surplus funds from Project No. 92 to Project No. 93, resulting in a revised allocation of $918,000.00; and
WHEREAS, IO 3-47 sets forth a process for the allocation of surplus funds to existing Bond Program projects that have a budget shortfall; and
WHEREAS, this item was considered by the Building Better Communities Citizens� Advisory Committee (the �Committee�) at its meeting of November 6, 2014 and it received a favorable recommendation from the Committee,
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MIAMI-DADE COUNTY, FLORIDA, that:
Section 1. The foregoing recital clauses are incorporated herein by this reference and are adopted by this Board.
Section 2. This Board, after a public hearing, hereby approves the significant modification of Project No. 92 in Appendix A to the Park and Recreation Resolution, to reduce its allocation from $6,300,000.00 to $6,000,000.00.
Section 3. This Board hereby declares $300,000.00 as surplus funds and, after a public hearing, hereby approves the significant modification of Project No. 93 in Appendix A to the Park and Recreation Resolution to increase its original allocation from $618,000.00 to $918,000.00