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Home My WebLink AboutSEOPW-CRA-R-00-0090m RESOLUTION NO. SEOPW/CRA R-00-90 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE COMMUNITY REDEVELOPMENT AGENCY ("CRA") APPROVING FISCAL YEAR 2001 BUDGET ATTACHED HERETO AS EXHIBIT "A' AND MADE A PART HEREOF (THE `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 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 Budget attached as Exhibit A and incorporated herein by reference and directs the transmittal of the Budget to the City of Miami for approval and to the County of Miami -Dade for its approval to the extent the County's approval is required. Section 3. The resolution shall be effective upon its adoption. PASSED AND ADOPTED on this 25th day of September, 2000. Ari4uf,4. Teele, Jr., Qh X an SEOPW/CRA 10 _ 90 APPROVED AS TO FORM AND CORRECTNESS: Holland & Knight LLP CRA Legal Counsel MIA1 #971618 v1 A T 7 A N T (S) go 2 J CITY OF MIAMI COMMUNITY REDEVELOPMENT AGENCY a.a.ea Sept-tw 11, 2= Funding Sources Tax Increment Revenues -City Tax Increment Revenues -County City of Miami- Parking Revenue Permitting & Developmental Fees - 3MP Interest on Investment Rental Guaranteed Entitlement City of Miami General Support Interlocal Agreement - General Assistance Interlocal Agreement - CDBG Support Prior year carryover and reimbursement 3rd Avenue Business Corridor HOPWA CDBG Projects 1995 Special Non Ad Valorem Revenue Bonds Section 108 Loan Safe Neighborhood Program Florida Inland Navigation District Grant CLUC Project (Laredo/Re-Use Plan) HOME (Homeownership Counseling & Qualification) Grants to Existing Businesses SEOPW Trust Fund - Fiscal Year 2001 FY' 2000 Adopted 3 000 FY' 2000 Modified Fr 2001 Estimate Difference Est - Adp. Difference Est. - Mod. $ 353,879 $ 353,879 $ 574,104 $ 220,225 $ 220,225 217.103 283,409 370,758 153.655 87,349 75,000 65,625 150,000 75,000 64,375 - 150,000 150.000 150,000 44.615 90,000 90,000 45.385 - - 6,155 90,155 90,155 84.000 - - 300,000 300,000 300,000 336,595 388,339 - (336,595) (388.339) 279,488 353,649 279,488 - (74,161) 379,900 379,000 379,000 (900) - 4,001,854 1,487,459 1,460,948 (2,540,906) (26,511) - 3,000,000 3,000.000 3.000,000 - 1,000,000 1,000,000 1,000,000 - - 1,000,000 1,000,000 1,000,000 - - 2,000,000 2,000,000 2,000,000 - - - - 1,800,000 1,800,000 1,800,000 243,600 - - (243,600) - 100,000 200,000 300,000 200,000 100,000 262,322 524,644 524,644 262,322 - 500,000 500,000 500,000 - - Orin Community Development Block Grant -Year 1 - Unfunded 3,000.000 - 3,000,000 - I . Community Development Block Grant -Year 2 - Unfunded - - 5,000,000 5.000,000 5,000,000 Other 1,817,918 - - (1,817,918) - Total Funding $15,612,274 $11,632,159 $21,969.097 $ 6.356.823 $10,336,938 Expenditures Salaries & Fringe Benefits $ 896,434 $ 415,645 $ 963,231 $ 66,797 $ 547,586 Operating Expenses 372,340 561.127 679,084 306,744 117,957 Furniture, Fixtures and Equipment 62,000 62,000 62,000 - - Projects and Programs 13,388,210 8,224,644 19,624,644 6,236,434 11,400,000 County Intedocal Agreement - - - - " Debt Service - 907,795 356,600 356,600 (551,195) Budget Reserve 893,290 1,460,948 283.538 (609.752) (1,177,410) Charge back of Administrative Expenses - Total Expenditures $15,612,274 $11,632,159 $21,969,097 $ 6,356,823 $10,336,938 Funding Sources over (Under) Expenditures $0 $0 $0 $0 $0 SEOPW/CRA A T T AC T tgQO. g nnN�. YfnM n.10 A.. CITY OF MIAMI COMMUNITY REDEVLOPMENT AGENCY FISCAL YEAR 2001 BUDGET ALLOCATION SEOPW Trust Fund - Fiscal Year 2001 R. .e Sept..", 11, 2000 FY' 2001 Estimate Incremental Taxes General Capital Funding Sources $ 574,104 $ 574,104 $ - $ $Programs Tax Increment Revenues -City 370.758 370,758 - - Tax Increment Revenues -County 150,000 - 150,000 _ City of Miami- Parking Revenue 5- 0,000 10,000 - 150,000 " Permitting & Developmental Fees - 3MP - 0,000 - Interest on Investment 90,155 - 90,155 - Rental 300,000 300,000 - Guaranteed Entitlement - City of Miami General Support 1 279.488 - 279,488 - Interlocal Agreement - General Assistance 379.000 - 379,000 Interlocal Agreement - CDBG Support 1,460.948 - 1,460,948 - Prior year carryover and reimbursement - 3,000,000 - 3rd Avenue Business Corridor 3,000,000 - - 1,000.000 - HOPWA 1,000.000 1,000000 - - 1,000.000 CDBG Projects 1995 Special Non Ad Valorem Revenue Bonds 2,000.000 - - - 2,000,000 1,800,000 _ - Section 108 Loan 1,800,000 _ - _ - - Safe Neighborhood Program _ _ - Florida Inland Navigation District Grant - 300.000 CLUC Project (Laredo/Re-Use Plan) 300,000 - - - - 524,644 HOME (Homeownership Counseling & Qualification) 524,644 - - - 500,000 Grants to Existing Businesses Community Development Block Grant -Year 1 - Unfunded 500,000 3,000,000 - _ _ 3000000 3,000,000 - - Community Development Block Grant -Year 2 - Unfunded 51000.000 - - _ ,, _ Other Total Funding y21,969,097 $ 944.862 $ 2,899,591 516,800,000 $ 1,324,644 KERMdltures $ 963,231 $ - $ 963,231 $ - $ - Salaries & Fringe Benefits 662,000 _ 84 662,000 Operating Expenses 62,000 _ Furniture, Fixtures and Equipment 19,624,644 888,262 611,738 16,800;000 1,324,644 11,738 Protects and Programs County Inlerlocal Agreement 356,600 56,600 _ - 300,000 Debt Service 283,538 283,538 - Budget Reserve B _ Charge back of Administrative Expenses Total Expenditures $21,969,097 $ 944,862 $ 2,899,591 516,800,000 $ 1,324,644 $0 $0 $0 $0 Funding Sources over (Under) Expenditures $0 09/12/2000 9:02 AM Page 1 of 1 CITY OF MIAMI COMMUNITY REDEVELOPMENT AGENCY BUDGET JUSTIFICATION Page 1 of 2 CITY OF MIAMI COMMUNITY REDEVELOPMENT AGENCY BUDGET JUSTIFICATION Page 2 of 2