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HomeMy WebLinkAboutAgenda Item Summary FormG1�Y OF "v AGENDA ITEM SUMMARY FORM File ID: #9473 Date: 08/03/2021 Requesting Department: Liberty City Community Revitalization Trust Commission Meeting Date: 09/13/2021 Sponsored By: District Impacted: District 5 Type: Resolution Subject: Approve Supplemental Budget - Liberty City Revitalization Trust Purpose of Item: RESOLUTION TO APPROVE THE LIBERTY CITY TRUST'S SUPPLEMENTAL ANNUAL BUDGET FOR FY2020-2021 IN THE AMOUNT OF $969,711.00. Background of Item: THE LIBERTY CITY TRUST RECEIVED UNANTICIPATED REVENUE FROM DISTRICT 5'S SHARE OF THE CITY'S ANTI -POVERTY FUNDS IN THE AMOUNT OF $125,000.00 FOR THE SUMMER YOUTH EMPLOYMENT PROGRAM; AND REVENUE FROM LEASE AGREEMENT BETWEEN THE CITY AND ESJ JI LEASEHOLD N THE AMOUNT OF $35,000.00. Budget Impact Analysis Item is Related to Revenue Item is NOT funded by Bonds Total Fiscal Impact: N/A Reviewed By Liberty City Community Revitalization Trust Review Completed 08/16/2021 12:27 PM Office of Management and Budget Jacques Joseph Office of Management and Budget Carolina Aguila Office of Management and Budget Leon P Michel City Manager's Office Fernando Casamayor City Manager's Office Arthur Noriega V Legislative Division Valentin J Alvarez Office of the City Attorney Xavier Alban Office of the City Attorney Barnaby L. Min Office of the City Attorney Victoria Mendez City Commission Maricarmen Lopez Office of the Mayor Mayor's Office Office of the City Clerk City Clerk's Office Office of the City Clerk City Clerk's Office Elaine Black Department Head Budget Analyst Review Completed Budget Analyst Review Skipped Budget Review Completed Assistant City Manager Review Completed City Manager Review Completed Legislative Division Review Completed ACA Review Completed Deputy City Attorney Review Completed Approved Form and Correctness Completed Meeting Completed Unsigned by the Mayor Completed Signed and Attested by the City Clerk Completed Rendered Completed 08/17/2021 10:07 AM 08/18/2021 8:16 AM 08/18/2021 3:32 PM 08/18/2021 4:23 PM 08/19/2021 1:01 PM 08/19/2021 2:06 PM 08/27/2021 1:26 PM 08/27/2021 1:37 PM 08/30/2021 12:54 PM 09/13/2021 9:00 AM 09/23/2021 4:32 PM 09/23/2021 4:36 PM 09/23/2021 4:36 PM v City of Miami Legislation r=f Resolution Enactment Number: R-21-0349 File Number: 9473 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Final Action Date:9/13/2021 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENTS, APPROVING AND ADOPTING THE SUPPLEMENTAL BUDGET OF THE LIBERTY CITY COMMUNITY REVITALIZATION TRUST, ATTACHED AND INCORPORATED AS EXHIBIT "C," IN THE AMOUNT OF $969,711.00 FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2020 AND ENDING SEPTEMBER 30, 2021. WHEREAS, the City of Miami ("City") created and established the Liberty City Community Revitalization Trust ("Trust") pursuant to Ordinance No. 12859 adopted October 12, 2006; and WHEREAS, the Trust is responsible for the oversight and facilitation of the City's revitalization and redevelopment activities in the Liberty City area; and WHEREAS, Section 12.5-36 of the Code of the City of Miami, Florida, as amended ("City Code"), provides that the Trust shall submit a budget to the City Commission for approval in a form acceptable to the City Manager; and WHEREAS, pursuant to Resolution No. R-20-0281 adopted September 10, 2020, the City Commission approved the Trust's original annual budget for the fiscal year commencing October 1, 2020 and ending September 30, 2021 in the amount of $809,711.00, attached and incorporated as Exhibit "A" ("Original Annual Budget"); and WHEREAS, pursuant to Resolution No. R-21-0232 adopted June 10, 2021, attached and incorporated as Exhibit "B," the Trust received unanticipated revenues from the District 5 Commissioner's share of the City's Anti -Poverty Initiative funds in the total amount of One Hundred Twenty -Five Thousand Dollars ($125,000.00) to fund the Trust's Summer Youth Program; and WHEREAS, pursuant to the Fifth Modification to the Lease and Development Agreement dated March 6, 2019 between the City and ESJ JI Leasehold, LLC, which was approved pursuant to Resolution No. R-18-0232 adopted June 8, 2018 and thereafter approved by voter referendum, the Trust received unanticipated revenues in the amount of Thirty -Five Thousand Dollars ($35,000.00); and WHEREAS, Section 12.5-36(a) of the City Code provides for the Trust to return to the City Commission for approval of supplements to the Original Annual Budget; and WHEREAS, the governing body of the Trust reviewed and approved the Trust's supplemented and amended budget for Fiscal Year 2020-2021, attached and incorporated as Exhibit "C" ("Supplemental Budget"), on August 19, 2021; 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 Trust's Fiscal Year 2020-2021 Supplemental Budget in the total amount of $969,711.00, attached and incorporated as Exhibit "C," for the Fiscal Year commencing October 1, 2020 and ending September 30, 2021 is approved and adopted. Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.' APPROVED AS TO FORM AND CORRECTNESS: 1 &ir dez, City Nttor i 2y 8/3012021 ' If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission.