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HomeMy WebLinkAboutOMNI Executive Director's Substitution MemoOMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM Honorable Mayor Date: August 31, 2020 and Members of the City Commission Jason Walker a,41 Executive Director Subje( September 10111, 2020 Virtual City Commission Meeting Agenda - Substitution of Exhibit "A" Omni CRA Fiscal Year Budget 2020-2021 References Enclosures Agenda Item BH. 8 on September 101, 2020 City Commission Agenda is being substituted to include the attached substitute Exhibit "A", the "Omni CRA FY Budget 2020-2021" as adopted by the Omni CRA Board on August 31s` 2020. The City's agenda submission deadline passed before the finalization of the Omni CRA Board Meeting. As a result please find the Omni CRA FY 2020-2021 budget as adopted by the board. CC. Jason Walker, Executive Director Miriam Santana, Agenda Coordinator 7 791 OND-1l Exeeuti v e Dii eetoI'-a 'Sy LP itution Memo A16 OMNI 1�►, Community Redevelopment Agency 14o1 �"iam venue Miami, FL 33138 Omni Legislation www.miamicm.com C R A OMNI CRA Resolution: CRA-R-20-0011 File Number: 7797 Final Action Date: a mimso A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA'), WITH ATTACHMENT(S), APPROVING AND ADOPTING THE CRA'S PROPOSED GENERAL OPERATING BUDGET AND TAX INCREMENT FUND BUDGET FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2020 AND ENDING SEPTEMBER 30, 2021; DIRECTING THE EXECUTIVE DIRECTOR TO TRANSMIT A COPY OF THE BUDGET TO THE CITY OF MIAMI AND MIAMI- DADE COUNTY. WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within its Redevelopment Area; and WHEREAS, as a prerequisite to carrying out Fiscal Year 2020-2021 redevelopment activities, the Board of Commissioners must approve the CRA's proposed General Operating Budget and Tax Increment Fund Budget ("Budget") for the Fiscal Year commencing October 1, 2020 and ending September 30, 2021 ("Fiscal Year"); and WHEREAS, the CRA's Budget is in the total amount of $62,856,996.00 for the Fiscal Year, and WHEREAS, unused portions of line items 3 and 23 of the Fiscal Year 2019-2020 Budget will be rolled over to the CRA's Fiscal Year Budget; and WHEREAS, a copy of the Budget is required to be transmitted to the City of Miami ("City") and Miami -Dade County ('County"); NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY 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 herein as if fully set forth in this Section. Section 2. The Budget for the Fiscal Year, attached and incorporated as Exhibit °A", is approved and adopted. Section 3. The Executive Director is directed to transmit a copy of the budget to the City and the County. Section 4. This Resolution shall become effective immediately upon its adoption. City of Mini Payee I oft Rio ID. 7797 (Revision: A) PhWfed On: &=20 File IDs 7797 Enocbnwd Number. 2M-R 20-Ml APPROVED AS TO FORM AND CORRECTNESS: Bamaby L. Min, Deputy City Attomey 91312020 city of Moran J pago 2 of 2 P" IU: I fvl jlc9rlSlw�. ry r�uraa� p THIS DOCUMENT 4 A SUBSTITUTION TO ORIGINAL. IIACKUP ORIGINAL CAN BE SBHN AT END OF THIS DDCLRYENT. FY ZM FY 202D BUDGET &iiTAX IHCRQMHMT;FI(ND BUDGET " PROPPSED BUDGET ADOPTED BUDGET VARIANCE CITY BVBNlR3i OF MIAMN -TAX INCREMENT $19,726,124 S1%275,009 $WS2,115 MIAMIDADECOUNTY -TAX INCREMENT (ORKWALSOUNDARIES) $li 4 All $10,46S,562 $9 "I# CITY OF MIAMI -TAX INCREMENT 12009 ADDIf10N EXPANDED BOUNDARIES) $6 ots $531,687 $118A28 MIAMIDADECOUNTY-TAXINCREMENT(Z009ADDITIONEXPANDEOSOUNDARIES) 5395.021 S327,766 $67.265 TotrdTlFRwwww Mt.111pi , 2020 FUND BALANCE LOAN SERIFS 2028 A and 30199 (PAde h@M M BO& UnbM $31,767,972 $11,755,752 $1116Z0 TRANSIFER FROM MIDTOWN CRA (Ad *nlsWWJ0n) $98,467 $g6 W S%630 RENTINCOME $80,000 $101401 421A91 202D CHILDREN TRUST CONTRIBUTION $1,249906 $1.132,001 $114,9D5 2020 ESTIMATED FUND BALANCE It ietiudea die $052,500 - AshnhYnummwnt from L,oen $18A91,610 $12.667,306 $5,824,304 AnIAVIS ACCOUNTING AND AUDIT $15 $lsAw PR�SSIONALSERVICES -OTHER $325.920 $6D3,%4 -$277A64 OTHER OONTRACTil41. SERVICES $300, = $011,692 •$338A92 INTERFUNOTRANSM(Dd*SW0m4 $2,814,UO $7,016,026 - NfEAFUFDTRANSFER (Grariq 5912.soD $2,501,723 42,M.223 OTHER CURRENT CHARGE $1=1000 $9,90SAM -$&405A06 REGULAR SALARIES $91%640 wz $7%IW FICA TAXES $69,8 $6"" $SA89 UK AND HEALTH INSURANCE SIZ0,000 W1 $3%000 REMWTCONTRIBUTION $50, $50 $D FRINGE 506S T5 $54AW $54,599 $0 GTIIFIICONTRACTUAL SERVICE $130AW $94 $4UW TRAVEL AND PER OM $30 $30, $0 UTILLTY $20 $ $D INSURANCE $1151m $104ASS $10,834 OTHER CURRENT CHARGE $216^7 $199,596 $17,271 SUPMIES $10.aX) $10,000 $0 OPERATINGSUPPLIES $10.000 $10.000 $D SUBSCRIPTION MEMBERSHIP $17A XI $17AW $0 MACHINERYAND E(WIPMENT $Cs000 $24AW $24A00 ADVERTISING $30A00 MAW $0 ROM AND LEASES $%500 $3,600 SD POSTAGE $ZODo SZODO $0 REPAIR/M WENANCE-OUTSIDE UAW $71000 $0 INTERIM TRANSFER DAMAO slsnwl sum $4,23i,000 $0 $4,231,000 aemommewaaww RESERVE FOR 2007GLOBAL A6NIBEMPNT(TUNNEL.) RESERVE FOR 2007GLOBAL AGREEMENT (89%PAC) $10,910,424 $0 SM910.424 RESERVE FOR WRRLOCALCIi9 MMSTRUST %246.906 $0 $1,245,9DG RL°SERVE FOR MIDTOWNADM EXPENDITURES $W,467 $89.887 $9,630 RESERVE FOR SECURITY DEPOSIT- MEC RESERVE FOR SECURITY DEPOSIT-1401 GROUP UC $12SA00 $40ADO $125AD0 $40.000 $0 $D RESERVE FOR CAPITAL 004W NTURES $4911,4Q $1,28009 $301783 RESERVE -BLLUBOARDIINCOMEGENERATED) $80,322 $0 $80.322 RESERVE FOR PAYMENT OFPROPERTYTAXES -MEC $209.367 $1 $17,T71 RESERVE FOR LOAN PROCEEDS SERIES 2019 A A B $47,300 $47,500 $0 RESERVE FOR UNSOUCITATED PROPOSALS $So $50AW $0 2019 BUDGET RESERVE (Budget StuPMs) $28A►93 $9.%MZ -$VhM 020 BUDGET RESERVE $249,298 $4119,471 4870.173 BU vu TT! Aderrgh ab0pdao addr rerpeet to M Nhrk terdYr the Gluhd YNerbcdAFlremantnredoe want aJae dtsovaehaa betMvxn the GNP aM s• RMe Apeagr. The /atar10iO1 Agmment tX�MOaelau MYttldf tIM 07na1eltJ lie FIt abmrdgocr IYlfil tNx amid terror of dfe 61obd1nterbedAereernerrt w.A&raeedi other cramt a #sQ be dttwm nad by thgmx h don aJAch *Vaft dtaeuukm Mutly W event SW eeo WAO WWAM PUS under dw aFOM cu,,ssa f the abb d Lrt rbaalAwewp nt wAM reow to Atemree Aork! 2021 TIP PAVO ae 2821TLIa Rw fbr AKW tlde Hwdq % 2022 swilo for Affordable Iibedet; 2021 TIF Revenue 3021 Adminh*al m tSMandibm %Adn*ddmUw fto / 2021 TIF Ammo t 0udp1 Rrarw(2019,2Mw4 3W4 To1N 302L Budget S =1 Bo18M Ilmom / TMW 2081 Budget E779:7Exhibit A -SUB $91,174641 f,uuu 1m $d1,172AU $1r919,BDB sec EXHIBIT A FY 2020BUDGET W'lN7I E1AA$PIT FUSIp11DBET - PROPOSED ADOPTED YARDAGE e BUDGET B6DGET BBYNWl4 CITY OF MWA -TAX VIrAMENT $18,724124 $16,MAN $1.751,11Ti MIAM I DADE ODUNTY-TAX WMAENT (ORIGINAL BQUNIDARIES) $11,40MM $10, $MS,919 C"OFM1"-TAX INCREMENT (2009 ADDITION EXPANDSOSOUNQfWES) $fiWA15 $531,687 $118,= MIAMIMADE COUNTY -TAX INGRO*WT(2009ADDITIONEXPANDED BOUNDARIES) $W5,021 $327, $67,265 TbW TIF BrrwM, $94177Aft 2020 FUND BALANCE LOAN 2111IES 2MB A OW 201E B (Fords hdd by WA UM04 $11,767A $11,755,752 $u, FROM MIDTOWN CRA(AdmInWisom) S98,AW $88,837 , RENTINCOME $80,OD0 $W1,481 1.481 2420CHILDREN TRUSTCONTRIBFRION $1,246,9D5 $1,ULM 14" 2D2aE5ittA�T�F53RD81t1J1NCE(111neludestheSb-MmbarsftW* mLm $18,4,10 WOT .904 20 zj e• . i ,000 AMID AUDIT PROFESSIONAL SERVICE; - 0 n*m ,384 $ZnAm OTHER QONTRACTUILLSERVIC6S $30%= $638,892 -$998.092 INIERF7INDTRANSFF2t(DebtSeevlee) S7,045.1 57, .D2i 4m IN ERFUND TRANSFER (Grwo $2XM723 -4442,317 OTW CURRENT CHARGE $10 4 $9,905,W5 $1.00SA19 AN 7 70B 31 ti• REGULAR SALARIES $013.640 %42,S40 $71.100 F)CATAXES $69,895 $64,A54 $50199 UFE AND HEALTH INSURANCE $120A00 $90A00 $30AM RETTREMWCOWIRIBUTTON 50 $.000 $SDA00 $0 F BEIIERTS $KSW $54,900 $D OTHEROD IFACFUALSERKI! $1306000 SWADD 54D,DOD TRAVEL AND PER DIEM $30,M $30,0W $D UTILITY SOMCE $20 $20,300 $0 INSURANCE Sus $104AW $10A34 OTHER CURRENT CHARGE S216,SB7 $199,596 $17,271 SUPI LIES $10AW MAW $0 OPERATBTGSUPPUES $ $10 $D SUBSCRIPTION MEMBERSHIP $17,00D $17ADD $D MACHINERYAND EWPMENT $6,00D $24.00D -$JA OW ADVERTISING $30 $30,000 $0 RENTAL AND LEASES $3,600 $3, $0 POSTAGE Woo $2,DOD $0 REPAR/MAINTENANCE • OUTSIDE $2A00 $2A0D IN7ERFUND IVANSM r'e <..s *r _ Afe1oW,/w4e■iYs i>,e�� RESERVE FORMOTIDWN ADM EXPENDITLIKES $99AS7 $B8,837 $9 RT'SEWSFOR SECURITY DEPOSIT -MEC $12SAN $12 $0 RESERVE FOR SECURITY DEPOSIT - UM GROU $40AW $0 RESERVE FOR CAPITAL EXPENDITURES $1,3U,442 $1,280. $306783 RESERVE-BIU.BOARDONCOMEGENEhA $80,322 $0 $80.322 Ri: mm FOR PAYMENT OF PROPERTY T - MEC $2mAw $t92S96 $17,271 RiSERVF FOR LOAN PROCEED6 SERI 19 A R e $41AW $47,500 $0 RESERVE FOR UNSOUCITAIM P OUN $50ADD $0 2W BUDGET RESERVE (Budget ) $28.893 $9!5,M 466,1109 2020 BUDGET RESERVE 049,298 $1,U9,471 4B70i173 so Vn" _ < jj§jDBETffM AOpwun Pork betwrrn the awond >bl4odonr bm %Wn the amouar poyoble kieowrdanar wAh At wbbW brans q(ibe Gbrbef I1r0ebreol Apreernenk WWMkWby the resabtIOR q/ekTh orrpobW slWUUIone (but m no suer AW caned the recount payees under W Apewneotwlcb respectto MuMm Park) 20a1 TIP RaVemse W.27m" goat TWRerfbs AiiwdWA* ftWky $8,117.264 IS 20at Budod torAlford" Houtlrre 290A 2021TRFRlivm a $11472AM 3=A6mDtUMOB" Egmrs s $1,818 BW %AdmInbhwtlw EV12081 TIF Tlmm9 0%, Bt dpt BMetw (2018, aw end 20TS) $1024108 TbW 2821 Budge $961104,106 %nn Buipt Bastro /r*W207t Bwd1Pt 1A*% j�lk OMNI Community Redevelopment Agency 1401 NMMiam Avenue O Miami, FL 33136 m n i Master Report htb://mismicra.com Enactment Number. CRA-R-20-0011 File Number: 7797 File Type: OMNI CRA Status: ADOPTED WITH Resolution MODIFICATION(S) Revision: A Controlling Body: OMNI Community Redevelopment Agency File Name: Approving Omni CRA's General Operating Budget & Introduced: 8/21/2020 Tax Increment Fund Budget for FY'20-21 Requesting Dept: OMNI Community Redevelopment Agency Final Action Date: 8/31/2020 Title: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"), WITH ATTACHMENT(S), APPROVING AND ADOPTING THE CRA'S PROPOSED GENERAL OPERATING BUDGET AND TAX INCREMENT FUND BUDGET FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2020 AND ENDING SEPTEMBER 30, 2021; DIRECTING THE EXECUTIVE DIRECTOR TO TRANSMIT A COPY OF THE BUDGET TO THE CITY OF MIAMI AND MIAMI-DADE COUNTY. Notes: Links: Atlachmenls: 7797 Exhibit A -SUB (PDF) History of Legisiative File: Revision: Acting Body: tube: Action: Result Bameby L. Min 8/21/2020 Approved Form and Completed Correctness OMNI Community 8/31/2020 Meeting Completed Redevelopment Agency OMNI Community 8/31/2020 ADOPTED WITH Passed Redevelopment Agency MODIFICATION(S) A Bamaby L. Min 9/3/2020 Approved Form and Completed Correctness with Modification(s) A City Clerk's Office 9/3/2020 Rendered Completed C#y of Mlismi Page 1 of 1 Pdnted on. 9V 2020 FY 2021 fY 2020 BUDGET ©MRITAI(,INCRIIFITfUNDBUDCaET PROPOSED ADOPTED VARIANCE - :: BUDGET EM ET REVB4UEg CITY OfMIAMI -TAX INCREMENT $18,726,224 $16,975,009 $1<751,115 MIAMI DADE COUNTY - TAX INCREMENT (ORIGINAL BOUNDARIES) $12,401,481 $1Q465,S62 $945,929 CITYOF MIAME -TAX INCREMENT (20119 ADDITION EXPANDED BOUNDARIES) $650,015 $531,687 $128,329 MIAMI DADE COUNTY -TAX INCREMENT (2009 ADDITION EXPANDED BOUNDARIES) $395,021 $327,756 $67,265 TiotW TF Resenus RtL17t w1 202O P rM BALANCE 1 ^AN SERIES 2018 A and 20198 (Fwhk heM by Banc UnlWd) $11,767,372 $21,755,752 $11,620 TRANSM FROM MIDTOWN CAA (AdmlNstratbn) $98A67 $88A37 $9,530 RENTINCOME $001,000 $1 ASH -$21A81 2020CHI LDRENTRUST COMM)BUTTON $1,246,906 $2,132,OD1 $224,905 2020 ESTIMATED FUND BALANCE (It Indudes the $4,552,600 - Ralmbursement from loan $18,491,610 $12,667,306 $5,874,304 Series ZMBA T(1TAHJ - 54 91 D NOFfCIRES� AOCOUNT04G AND AUDIT $15ADD $15,000 $0 PROFESSIONAL SERVICES -OTHER $325,970 $603,384 4277A64 OTHER OONTRACTUALSEIMCES $300 DD $638,682 433082 W ERFUND TRANSFER IDebt Service) $2,814,M0 $7,044026 -$4,231,Bge INTERFUNDTRANSFER (Grent) S812,50D $2,502,723 41,689,223 OTHER CURRENT CHARGE $11,600pW $9,905,005 -$BA %INS OTHER GRANTS ANDAIDS, S3S.902.708 $28,633,639 $7,26IL0691 KQMIW#rRAllVj E9KNOVORIK REGULARSALARIES $913,640 $842,540 $71,100 FICA TAXES $691R93 $64A54 $SA39 UPE AND HEALTH INSURANCE $120,000 $90,000 $30,000 RETIREMENT CONTRIBUTION $50,000 $50,D00 $D FBINGE BENEFITS $S4,SEXI $54,5W $0 OTHER CONTRACTUAL SERVICE $1301000 $901000 $40,000 TRAVEL AND PER DIEM $3D ODD $3%000 $0 UTIUTYSERVICE SM30D $20,300 $0 INSURANCE $115,000 $104,166 $20,934 OTHER CURRENT CHARGE $216,867 $199,596 $17,271 SUPPLIES MAW $10,000 $0 OPERATING SUPPLIES $14000 $10ADD $0 SUBSCRIPTION MEMBERSHIP $17,000 $17AW $0 MACHINERY AND EQUIPMENT $6c001) $24,000 -%&000 ADVERTISING $3Q000 $30,00D $0 RENTAL AND LEASES $3,600 $3,600 $0 POSTAGE $2,WO $2,000 $0 REPAIR/MAINTENANCE-OUTSIDE $2.000 $2,000 $0 INTERFUND TRANSFER SlaoOD . rot.tladniil,.a,e e,paaar. SY4em RESERVE FOR 2007 GLOBAL AGREEMENT (TUNNEL) $4 232,000 $0 $4,231,000 RESERVEFOR 2004GLOBALAGRGEMENT(35%PAC) $1%910,424 $0 $10,920,424 RESERVE FOR INTERLOCALCHILDREN'STRUST $1,246,906 $0 $1,246,906 RESERVE FOR MIDTOWN ADM EXPENDITURES $98AG7 $BQ837 $9,630 RESERVE FOR SECURITY DEPOSIT- MEC $125,000 $12SAW $0 RESERVE FOR SECURITY DEPOSIT-1401 GROUP LLC $40,000 $40AM $0 RESERVE FOR CAPITAL EXPENDITURES $1,321,442 $1,28DAS9 $30,793 RESERVE - BILLBOARD (INCOME GENERATED) $TUO,322 $0 $80,322 RESERVE FOR PAYMENT OF PROPERTY TAXES -MEC $208,867 $192,596 $17,271 RESERVE FOR LOAN PROCEEDS SERIES 203E A i B $47,500 $47,500 $0 RESERVE FOR UNSOLICITATED PROPOSALS S50,000 $50,000 $0 2019 BUDGET RESERVE (Budget Surpl-) $28,893 $95,702 -$66,809 2020 BUDGET RESERVE $249,298 $1,119,471 -$R70,173 1 eUD6 5739.809 5739 809 .: r.•v - 54 i B1 BM The ABenays obApdwr with resped to bkomm Pork under the GfOW krtabcol Agreement arc the subkd of &Vok0 dhouska between the city and NreAprnry. Tluireclppol AQnement ObNDatlons e,akrde flee amounts Payable Jn oaoardaeoe rMtfi the orlperol terms of tUw Gkbol p><erloralApreentent ond/wmeh atheromotert atrsUta><be rkterntfned by thsresohrtlon gPudr aryolnodbcvukru fbatln no nest shay eRaeed the anaures poprbk ends. the o W"I tome of the G►obol Wwkcaf Agreement with respect to Museum Park.) 202IMF Revems $32,172.641 2=TF Rev for Affondabk 11001ng $3,L17AN %=I IN for Affordable Housing WN ZO21 TF Revenue $31,172,641 2021AdnUnktrative Expenditures 51,818,800 % Adminbirative Exp / 2021 TIF Revenue bat Budget RAINUM (2019, =0 and 2021) $1,0184100 Total 2021 Budipt $62A S6A96 % 2021 Budget Reserve / ToW 2O21 Badger ism