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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #11210 Date: 12/13/2021 Commission Meeting Date: 12/09/2021 Requesting Department: City Commission Sponsored By: Christine King District Impacted: All Type: Resolution Subject: Resolution - Liberty City Community Revitalization Trust Budget Budget Impact Analysis Item has NO budget impact Total Fiscal Impact: Reviewed By City Commission Maricarmen Lopez Meeting Completed Office of the Mayor Mayor's Office Signed by the Mayor Completed Office of the City Clerk City Clerk's Office Signed and Attested by the City Clerk Completed Legislative Division Valentin J Alvarez Legislative Division Review Completed Office of the City Attorney Xavier Alban ACA Review Completed Office of Management and Budget Marie Gouin Budget Review Completed Office of the City Attorney Barnaby L. Min Deputy Attorney Review Completed Office of the City Attorney Victoria Mendez Approved Form and Correctness Completed Office of the City Clerk City Clerk's Office Rendered Completed 12/09/2021 9:00 AM 12/20/2021 4:37 PM 12/20/2021 4:56 PM 12/20/2021 5:08 PM 12/27/2021 4:31 PM 12/30/2021 11:44 AM 12/30/2021 4:49 PM 01/02/2022 10:52 AM 01/03/2022 11:59 AM �tzY,°v City of Miami Legislation r - f Resolution Enactment Number: 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. 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. Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.' 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. APPROVED AS TO FORM AND CORRECTNESS: 1 lina 4MHez, City Attvr ey 1l212022