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HomeMy WebLinkAboutR-21-0513City of Miami f Legislation Resolution: R-21-0513 File Number: 11210 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Final Action Date: 12/9/2021 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 "B," IN THE TOTAL AMOUNT OF $769,169.00 FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2021 AND ENDING SEPTEMBER 30, 2022. SPONSOR(S): Commissioner Christine King 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-21-0366 adopted September 13, 2021, the City Commission approved the Trust's original annual budget for the fiscal year commencing October 1, 2021 and ending September 30, 2022 in the amount of $311,000.00, attached and incorporated as Exhibit "A" ("Original Annual Budget"); and WHEREAS, the Trust did not include in the Original Annual Budget its fund balance in the amount of $458,169.00; and WHEREAS, the governing body of the Trust reviewed and approved the Trust's supplemented and amended budget for Fiscal Year 2021-2022 on December 2, 2021, attached and incorporated as Exhibit "B" ("Supplemental Budget"); 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 2021-2022 Supplemental Budget in the total amount of $769,169.00, attached and incorporated as Exhibit "B," for the Fiscal Year commencing October 1, 2021 and ending September 30, 2022 is approved and adopted. City of Miami Page 1 of 2 File ID: 11210 (Revision:) Printed On: 11312022 File ID: 11210 Enactment Number: R-21-0513 Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.' APPROVED AS TO FORM AND CORRECTNESS: 1 i " 4naindez, ity ttor ey 1i2/2022 ' 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. City of Miami Page 2 of 2 File ID: 11210 (Revision:) Printed on: 11312022