HomeMy WebLinkAboutOMNI-CRA-R-00-0046RESOLUTION NO. OMNI/CRA R-00-46
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-DARE
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 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. This resolution shall be effective upon its adoption.
PASSED AND ADOPTED on this 25th day of September, 2000.
I Arthur E. Teele, Jr.; M
ATTACNN, ENT -(S)
CON TA 11 NED
Omm/Cm
APPROVED AS TO FORM
AND CORRECTNESS:
Holland & Knight LLP
CRA Legal Counsel
NJIAI #971619 v1
'A T T A C H-1 MI E :4 T
C (% v
,
'v
12
OMNI/CRA
Revlsed Sepknibe 11, 2=
CITY OF MIAMI .
COMMUNITY REDEVELOPMENT AGENCY
OMNI Trust Fund - Fiscal Year 2001
FY' 2000
FY' 2000 FY 2001
Difference
Difference
Funding Sources
Adopted
Modified Estimate
Est - Adp.
Est - Mod.
Tax Increment Revenues -City $
517,335
$ 517.335 $ 624,295
$ 106,960
$ 106,960
Tax Increment Revenues -County
317,382
585,688 403,172
85,790
(182,516)
City of Miami- Parking Revenue
-
- -
-
-
Permitting & Developmental Fees - 3MP
-
- -
-
-
Interest on Investment
41,370
91.712 25,000
(16,370)
(66,712)
Rental
-
- -
-
-
Guaranteed Entitlement
-
- -
-
-
City of Miami General Support
-
- -
-
-
Interlocal Agreement - General Assistance
26,426
- -
(26,426)
-
Interlocal Agreement - CDBG Support
-
- -
-
-
Prioryearcarryoverandreimbursement
1,990,786
1,516,424 1,126,450
(864,336)
(389,974)
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
$ 2,711,159 $ 2,178,917
$ (885,181) $ (532.242)
Expenditures
Salaries & Fringe Benefits $
68,353
$ 34,507
$ 68,353 $
- $
33,846
Operating Expenses
-
-
-
-
-
Fumiture, Fixtures and Equipment
-
-
-
-
-
Projects and Programs
1,336,149
976,450
976,450
(359,699)
-
CountylntedocalAgreement
1,184,163
1,550,202
1,027,467
(156,696)
(522,735)
Debt Service
-
-
-
-
-
Budget Reserve
475,433
150,000
106,647
(368,786)
(43,353)
Charge back of Administrative Expenses
-
-
-
-
Total Expenditures $
3,064,098
$ 2.711,159
$ 2,178,917 $
(885,181) $
(532,242)
Funding Sources over (Under) Expenditures
$0
$0
$0
$0
$0
` TT T A C 11 ,E N T (S) OMM / CRA
7.
00
CITY Ot AMI
COMMUNITY REDEVLOPMENT AGENCY
FISCAL YEAR 2001 BUDGET ALLOCATION
R.vk""pt«ns« 11, 2= OMNI Trust Fund - Fiscal Year 2001
FY 2001
Incremental
Funding Sources
Estimate
Taxes General Capital Programs
Tax Increment Revenues -City
$ 624,295
$ 624,295 $ - $ - $ -
Tax Increment Revenues -County
403,172
403,172 - - -
City of Miami- Parking Revenue
-
- _
Permitting dt Developmental Fees - 3MP
-
Interest on Investment
25,000
- 25,000 - -
Rental
-
_ '
Guaranteed Entitlement
City of Miami General Support
Interiocal Agreement - General Assistance
Interlocal Agreement - CDBG Support
-
- -
Prior year carryover and reimbursement
1,126.450
- 150,000 976,450 -
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
Community Development Block Grant -Year 1 - Unfunded
Community Development Block Grant -Year 2 - Unfunded
-
- - - -
Other
-
-
Total Funding
$ 2,178,917
$1,027,467 $ 175,000 $ 976,450 $ -
Expenditures
Salaries & Fringe Benefits $ 68,353 $ - $ 68,353 $ - $
Operating Expenses
Furniture, Fixtures and Equipment -
Projects and Programs 976,450 - - 976,450 -
County Intertocal Agreement 1,027,467 1,027,467 - -
I Service _ _ _
Bu get Reserve 106,647 - 106,647 -
GhTarge back of Administrative Expenses - "
I Total Expenditures $ 2,178,917 $1,027,467 $ 175,000 $ 976,450 $ -
Funding Sources over (Under) Expenditures $0 . $0 %0 $0 $0
_.ram
09/12/2000 1:06 PM
Page 1 of 1
TO: Chairman Teele and
Members of the CRA Board
FROM Robert L. Tyler � LT
Dir. Of Op., Admin. & Dev.
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
DATE
SUBJECT
REFERENCES:
September 18, 2000 FILE :
OMNI/CRA Budget FY 2001
ENCLOSURES: Resolution and Budget
RECOMMENDATION
It is recommended that the Community Redevelopment Agency (CRA) Board, approve the attached
resolution, which outlines the Budget estimate for fiscal year 2001 for the OMNI Community
Redevelopment Agency (OMNI CRA).
The proposed budget for fiscal year 2001 is $2,178,917, a decrease of $885,181 over the fiscal year
2000 adopted budget, which is based upon a reduction in prior -year carryover.
BACKGROUND
Resolution approving and transmitting an amendment to the budget for the OMNI/CRA for fiscal year
2001.
Funding Source: N/A
Account Number: N/A