HomeMy WebLinkAboutOMNI-CRA-R-00-0045RESOLUTION NO. OMNI/CRA R-00-45
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 Omni Area
Redevelopment Plan pursuant to Resolution Nos. 86-868 and 86-607 (the
"Redevelopment Plan"); and
WHEREAS, the CRA is responsible for carrying out community
redevelopment activities and projects in the Omni 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. This resolution shall be effective upon its adoption.
PASSED AND ADOPTED on this 25th day of September, 2000.
Arthur V,. Teele, Jr., Chairman V
ATTEST:
m
ter J. Fpenwfi, Citk Clerk
APPROVED AS TO FORM
AND CORRECTNESS:
Holland & Knight LLP
CRA Legal Counsel
MIA1 #971614 v1
00- 45
2 �wc iCRA.
CITY OF MIAMI
COMMUNITY REDEVELOPMENT AGENCY
Revised September 11, 20W OMNI Trust Fund - Fiscal Year 2000
YTD
Funding Sources
Adopted
07/31/2000 Projection
Difference
Tax Increment Revenues -City
$ 517,335
$ 517,335 $ 517,335
$ -
Tax Increment Revenues -County
317,382
585,688 585,688
268,306
City of Miami- Parking Revenue
-
-
-
Permitting & Developmental Fees - 3MP
-
- -
-
Interest on Investment
41,370
85,365 91,712
50,342
Rental
-
-
-
Guaranteed Entitlement
-
City of Miami General Support
-
'
Interlocal Agreement - General Assistance
26,426
- -
(26,426)
Interlocal Agreement - CDBG Support
-
"
Prior year carryover and reimbursement
1,990.786
- 1,516,424
(474,362)
3rd Avenue Business Corridor
-
HOPWA
-
-
-
CDBG Projects
-
'
1995 Special Non Ad Valorem Revenue Bonds
-
-
-
Section 108 Loan
-
-
Safe Neighborhood Program
436,649
- -
(436,649)
Florida Inland Navigation District Grant
134,150
- -
(134,150)
CLUC Project (Laredo/Re-Use Plan)
-
"
HOME (Homeownership Counseling & Qualification)
-
- -
-
Grants to Existing Businesses
-
-
-
Community Development Block Grant -Year 1 - Unfunded
-
- -
-
Community Development Block Grant -Year 2 - Unfunded
-
- -
-
Other
(400,000)
- -
400,000
Total Funding
$3,064,098
$1,188,388 $2,711,159
$ (352,939)
Expenditures
Salaries & Fringe Benefits
Operating Expenses
Furniture, Fixtures and Equipment
Projects and Programs
County Interlocal Agreement
Debt Service
Budget Reserve
Charge back of Administrative Expenses
68,353 30,983 34,507 (33,846)
1,336,149 -
976,450
(359,699)
1,184,163 1,550,202
1,550,202
366,039
475,433 -
150,000
(325,433)
Total Expenditures $3,064,098 $1,581,185
$2,711,159
$ (352,939)
Funding Sources over (Under) Expenditures $0 ($392,797) $0 $0
oNox", ® 5
09/12/2000 9:16 AM
TO: Chairman Teele and
Members of the CRA Board
FROM: Robert L. Tyler L
Dir. Of Op., Admin. & Dev.
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
DATE
SUBJECT
REFERENCES:
September 18, 2000 FILE :
OMNI/CRA Budget FY 2000
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 OMNI Community
Redevelopment Agency (OMNI 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 $1,990,786 $1,516,424 $(474,362)
Other 555,977 677,400 121,423
Expenditures:
Projects 1,336,149 976,450 $(359,699)
Other 1,727,949 1,734,709 6,760
The year-end carryover surplus stands at $150,000.
BACKGROUND
Resolution approving and transmitting an amendment to the budget for the ONINI/CRA for fiscal year
2000.
Funding Source: N/A
Account Number: N/A