BH.19 - Approve Fy 2026-27 Capital Plan
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A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING THE CITY OF MIAMI’S (“CITY”) FISCAL YEAR 2026-27 MULTI-YEAR CAPITAL PLAN, ATTACHED AND INCORPORATED (“PLAN”), AS REQUIRED PURSUANT TO THE COMMUNITY PLANNING ACT, SPECIFICALLY SECTIONS 163.3161 AND 163.3177, FLORIDA STATUTES, AND CHAPTER 18/ ARTICLE IX/ DIVISIONS 1 AND 2 OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, TITLED “FINANCIAL/ FINANCIAL POLICIES/ ANTI-DEFICIENCY ACT/ FINANCIAL INTEGRITY PRINCIPLES,” TO SET FORTH THE CITY'S FISCAL NEEDS FOR CAPITAL IMPROVEMENTS, SUBJECT TO AN ANNUAL PLAN REVIEW, TO DETERMINE PROJECT PRIORITIES, TO ADD NEW CAPITAL PROJECTS, AND TO MODIFY FUNDING ALLOCATIONS AS NECESSARY; PROVIDING FOR INCORPORATION OF SUBSEQUENT AMENDMENTS TO THE PLAN; AND PROVIDING FOR AN EFFECTIVE DATE.
Department: Office of Management and Budget
Category: Other
WHEREAS, the City of Miami’s (“City”) Fiscal Year (“FY”) 2026-27 Proposed Multi-Year Capital Plan as presented to the City Commission, filed with the City Clerk, and posted on the City’s website on August 4, 2026, incorporates the Fiscal Year 2025-2026 Multi-Year Capital Plan adopted on September 25, 2025, pursuant to Resolution No. R-25-0412, as subsequently amended (collectively, “Proposed Plan”); and
WHEREAS, during the current FY, new capital appropriations totaling $89.274 million will be used to fund thirty nine (39) projects as detailed in Exhibit “A,” attached and incorporated; and
WHEREAS, the Proposed Plan is a policy and management tool to plan municipal borrowing and indebtedness over a period of time, to establish annual expenditures within a framework of long-range fiscal requirements, and to serve as an official statement of the City’s development plans; and
WHEREAS, the Proposed Plan shall incorporate all amendments thereto;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section.
Section 2. The Proposed Plan as presented to the City Commission, filed with the City Clerk, posted on the City’s website on August 4, 2026, is approved as required pursuant to the Laws to set forth the City's fiscal needs for capital improvements, subject to an annual plan review, to determine project priorities, to add new capital projects, and to modify funding allocations as necessary.
Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.
Fiscal Impact
Total Fiscal Impact: $2.043 billion with $89.274 million newly appropriated CIP Project No: Various