HomeMy WebLinkAboutSEOPW-CRA-R-00-0089RESOLUTION NO. SEOPW/CRA R-00-89
A RESOLUTION OF THE BOARD OF DIRECTORS OF
THE COMMUNITY REDEVELOPMENT AGENCY
("CRA") APPROVING THE AMENDED BUDGET FOR
FISCAL YEAR 2000 ATTACHED HERETO AS EXHIBIT
"A' AND MADE A PART HEREOF (THE "AMENDED
BUDGET') AND TRANSMITTING SAME TO THE CITY
OF MIAMI AND MIAMI-DADE COUNTY.
WHEREAS, the City of Miami approved and adopted the Southeast
Overtown/Park West Community Redevelopment Plan pursuant to
Resolution Nos. 82-755 and 85-1247 (the "Redevelopment Plan"); and
WHEREAS, the CRA is responsible for carrying out community
redevelopment activities and projects in the Southeast Overtown/Park West
Redevelopment Area (the "Redevelopment Area") established pursuant to the
Redevelopment Plan; and
WHEREAS, the CRA desires to approve the Amended Budget.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
DIRECTORS OF THE COMMUNITY REDEVELOPMENT AGENCY OF
THE CITY OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to
this Resolution are incorporated herein as if fully set forth in this Section.
Section 2. The Board of Directors of CRA hereby approves the
Amended Budget attached as Exhibit A and incorporated herein by reference
and directs the Executive Director of the CRA to transmit the Amended
Budget to the City of Miami and Miami -Dade County.
Section 3. The resolution shall be effective upon its adoption.
PASSED AND ADOPTED on this 25th day of September, 2000.
ATTACHMENT (S) SEOPW/CRA
APPROVED AS TO FORM
AND CORRECTNESS:
Holland & Knight LLP
CRA Legal Counsel
MIA1 #971611 vl
SEOPW/CRA
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RrAsed September 11, 2000
CITY OF MIAMI
COMMUNITY REDEVELOPMENT AGENCY
SEOPW Trust Fund - Fiscal Year 2000
YTD
Funding Sources
Adopted
07/31/2000
Projection
Difference
Tax Increment Revenues -City
$ 353,879
$ 353,879
$ 353,879
$ -
Tax Increment Revenues -County
217,103
283,409
283,409
66,306
City of Miami- Parking Revenue
75,000
(9,375)
65,625
(9,375)
Permitting & Developmental Fees - 3MP
-
-
-
-
Interest on Investment
44,615
80,189
90,000
45,385
Rental
-
6,155
6,155
6,155
Guaranteed Entitlement
-
-
-
-
City of Miami General Support
336,595
388,339
388,339
51,744
Intedocal Agreement - General Assistance
279,488
353,649
353,649
74,161
Intertocal Agreement - CDBG Support
379,900
64,688
379,000
(900)
Prior year carryover and reimbursement
4,001,854
-
1,487,459
(2,514,395)
3rd Avenue Business Corridor
-
-
3,000,000
3,000,000
HOPWA
1,000,000
-
1,000,000
-
CDBG Projects
1.000,000
-
1,000,000
-
1995 Special Non Ad Valorem Revenue Bonds
2,000,000
-
2,000,000
-
Section 108 Loan
-
-
-
-
Safe Neighborhood Program
243,600
-
-
(243,600)
Florida Inland Navigation District Grant
-
-
-
-
CLUC Project (Laredo/Re-Use Plan)
100.000
-
200,000
100,000
HOME (Homeownership Counseling & Qualification)
262,322
-
524,644
262,322
Grants to Existing Businesses
500,000
-
500,000
-
Community Development Block Grant -Year 1 - Unfunded
3,000,000
-
-
(3,000,000)
Community Development Block Grant -Year 2 - Unfunded
-
-
-
-
Other
1,817,918
634,438
-
(1,817,918)
Total Funding $15,612,274 $2,155,371 $11,632,159 $ (3,980,115)
Expenditures
Salaries & Fringe Benefits
896,434
320,645
415,645
(480,789)
Operating Expenses
372,340
261,127
561,127
188,787
Furniture, Fixtures and Equipment
62,000
27,337
62,000
-
Projects and Programs
13,388,210
61,996
8,224,644
(5,163,566)
County Interlocal Agreement
-
-
-
-
Debt Service
-
175,979
907,795
907.795
Budget Reserve
893,290
-
1,460,948
567,658
Charge back of Administrative Expenses
-
-
-
-
Total Expenditures $15,612,274
$ 847,084 $11,632,159
$ (3,980,115)
Funding Sources over (Under) Expenditures
$0
$1,308,287
$0
$0
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09/12/2000 9:16 AM
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
TO. Chairman Teele and DATE September 18, 2000 FILE .
Members of the CIA Board
SUBJECT: SEOPW/CRA Budget FY 2000
FROM: Robert L. Tyler G L ` REFERENCES:
Dir. Of Op., Admin. & Dev.
ENCLOSURES Resolution and Budget
RECOMMENDATION
It is recommended that the Community Redevelopment Agency (CRA) Board, approve the attached
resolution, which outlines_the Adjusted Budget for fiscal year 2000 for the South East Overtown/Park
West Community Redevelopment Agency (SEOPW CRA).
The modifications are based on standard routine quarterly adjustments, which consist of the following
revisions from the adopted budget approved by the CRA Board on September 28, 1999.
Item
Adopted
Modified
Difference
Revenues:
Prior Year carryover
$4,001,854
$1,487,459
$(2,514,395)
3`d Ave. Business Corridor
0
3,000,000
3,000,000
CDBG Allocation
3,000,000
0
(3,000,000)
Other
3,756,541.
2,290,821
(1,465,720)
Expenditures:
Projects
13,388,210
8,224,644
$(5,163,566)
Other
2,224,064
3,407,515
1,183,451
Due to reductions in operating expenses the year-end carryover surplus stands at $1,460,948.
BACKGROUND
Resolution approving and transmitting an amendment to the budget for the SEOPW/CRA for fiscal year
2000.
Funding Source: N/A
Account Number: N/A
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