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Home My WebLink AboutSEOPW-CRA-R-01-0089} SEOPW/CRA ITEM 2 SE®PWICRA RESOLUTION NO. 0 1 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY (N)CRA") APPROVING AMENDMENTS PROPOSED TO THE CRA'S BUDGET FOR. FISCAL YEAR 2001 AND AUTHORIZING TRANSMITTAL OF THE AMENDED BUDGET (ATTACHED "EXHIBIT A") TO THE CITY OF MIAMI. WHEREAS, the City of Miami approved and adopted the CRA Redevelopment Plan pursuant to Resolution Nos. 82-755 and 8.5-1247 (the "Redevelopment Plan"); and WHEREAS, the CRA is responsible for carrying out Community Redevelopment activities and projects in the CRA Redevelopment Area (the "Redevelopment Area") established pursuant to the Redevelopment Plan; and WHEREAS, the CRA desires to amend its Budget for Fiscal Year 2001 and transmit the Amended Budget to the City of Miami. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: E®PW/CRA 01. 89 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 CRA Board of Directors hereby approves the amendments proposed to the CRA's Budget for Fiscal Year 2001 and authorizes transmittal of the amended Budget (attached "Exhibit A") to the City of Miami. Section 3. The Resolution shall be effective upon its adoption. PASSED AND ADOPTED on this 30th day of July, 2001. ARTHUR E. TEELE, JR., CHAIRMAN ATTEST: WALTER J. FOEMAN CITY CLERK APPROVED TO FOR D CORRECTNESS: N�RSd' VILARELLO A ORNEY Page 2 of 2 SEOMCR . Ck 0 i °w- 8 ITEM 2 SEOPW/CRA RESOLUTION NO. SEOPW/CRA 0 1 — 89 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE COMMUNITY REDEVELOPMENT AGENCY ("CRA") APPROVING AND TRANSMITTING AN AMENDMENT TO THE FISCAL YEAR 2001 BUDGET ATTACHED HERETO AS EXHIBIT "A" AND MADE A PART HEREOF (THE "AMENDED BUDGET"). 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 and transmit to the City of Miami the Amended Budget; and WHEREAS, the CRA desires to reimburse the City Clerk and the City Attorney's for services rendered, as reflected in exhibit "A" line item budget and requests the Finance Department to transfer said funds. 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. Section 3. The resolution shall be effective upon its adoption. PASSED AND ADOPTED on this 30"' day of July, 2001. A T T A C H ME N T "S� CONTAINED Arthur E. Teele, Jr., Chairman swrwlcm 01 8 9 ATTEST: Walter J. Foeman, City Clerk APPROVED AS TO FORM AND CORRECTNESS: Alejandro Vilarello City Attorney ITEM 2 SEOPW/CRA SEOPW/CM 0 1- 89 EXHIBIT "A" SWPW/c" 51- 89 CITY Or , iAMI COMMUNITY REDEVELOPMENT AGENCY R.at.d Jun. 1D, 2001 SEOPW Trust Fund - Fiscal Year 2001 Adopted Modified Adopted YTD Estimate Funding Sources Tax Increment Revenues -City FY'2000 FY'2000 FY 2001 5/11/2000 FY 2001 Difference Tax Increment Revenues -County $ 353,879 217,103 $ 353,879 283,409 S 574,104 370,758 $ 574,104 344,280 $ 574,104 344,280 $ (26.478) City of Miami- Parking Revenue Permitting & Developmental Fees - 3MP 75,000 65,625 150,000 46,581 60,000 (90,000) Interest on Investment - 44,615 90,000 150,000 90,000 - 48,550 - 81,616 (150,000) (8,384) Rental Guaranteed Entitlement - 6,155 90,155 63,425 84,006 (6,155) City of Miami - 336,595 - 388.339 300,000 - 300,000 375,000 375.000 Interlocal Agreement - General Assistance 279,488 353,649 279,488 139,746 194.488 (85.000) Interlocal Agreement - CDBG Support Prior year carryover and reimbursement 379,900 379,000 379,000 649,651 1,100,000 721,000 3rd Avenue Business Corridor 4.001,854 1,487,459 1,460,948 - 4,256,953 2,796,005 HOPWA - 3,000,000 3,000,000 800,622 3.000,000 CDBG Projects 1.000,000 1,000,000 1,000,000 - 1,000,000 1995 Special Non Ad Valorem Revenue Bonds 1.000,000 2,000,000 1,000.000 2,000.000 1,000,000 2,000,000 548,584 - 1,000,000 2,250.000 - 250,000 Section 108 Loan Transfers - _ - 1,800,000 - - (1,800,000) Florida Inland Navigation District Grant/SAFE 243,600 - - _ _ _ CLUC Project (Laredo/Re-Use Plan) 100,000 200,000 300,000 - 300,000 - HOME (Homeownership Counseling & Qualification) 262.322 524,644 524,644 786,966 262.322 Grants to Existing Businesses 500,000 500.000 500,000 - 471.770 (28.230) Community Development Block Grant -Year 1 - Unfunded 3,000.000 - 3,000,000 - - (3,000.000) Community Development Block Grant -Year 2 - Unfunded - - 5,000,000 - - (5,000.000) Fannie Mae 1,817,918 - - - 1,200,000 1,200,000 Total Funding $15,612,274 $11,632,159 $ 21 969,097 $3 215 543 $17 379 177 $ (4,589,920) Expenditures Salaries & Fringe Benefits $ 896,434 $ 415,645 $ 963,231 $ 503.583 $ 762,098 $ (201.133) Operating Expenses (See Notes) 372,340 561,127 679,084 655.976 1.297,000 617,916 I Furniture, Fixtures and Equipment 62,000 62,000 62,000 16,660 52,000 (10.000) Projects and Programs County Interlocal Agreement 13.388,210 8,224,644 19.624,644 2.095.858 13,556,242 (6,068,402) Debt Service - 907.795 356,600 356,60a - Budget Reserve Fannie Mae Reserve 893,290 1,460,948 283,538 50,000 (233,538) im" Transfers - - 300,000 300,000 - 1,005,237 1,005,237 Total Expenditures $15,612,274 $11,632,159 $ 21,969,097 $ 3 272 077 $17 379 177 $ (4,589,920) Funding Sources over (Under) Expenditures $0 $0 $0 ($56,534) $0 $0 OO Notes: Operating Expenses Includes prior years expenditures W 6/19/- PM CITY OF MIAMI 't;OMMUNITY REDEVELOPMENT AGENCY Revise June 11. 2001 Fr 2001 Fr 2001 Adopted Estimate Difference Difference Line Item Detail FY' 2001 Fr 2001 Est - Adp. Est. - Mod. Operating Expenses 620 - Rent $ 65,000 $ 80,000 $ 15,000 $ 40,000 610 - Rent of Equipment - 10,000 10,000 - 700 - Office Supplies 20,000 35,000 15,000 - 533 - Postage 4,000 1,000 (3,000) (3,000) 287 - Advertising 4,000 69,000 65,000 - 534 - Delivery Service 2,500 4,500 2,000 - 650 - Insurance Liability 20,000 15,000 (5,000) - 722 - Miscellaneous Supplies 2,000 2,000 - - 250 - Professional Svcs - Architect 60,000 30,000 (30,000) (30,000) 231 - Professional Svcs - Legal '(See Notes) 182,884 4300,000 117,116 47,116 270 - Professional Svcs - Other - 1,000 1,000 1,000 280 - Professional Svcs - Accounting 55,000 25,000 (30,000) (30,000) 340 - Other Contractural Services '(See Notes) 75,000 - 440,000 365,000 140,000 901 - Personnel Services - Admin 25,000 35,000 10,000 10,000 902 - Personnel Services - Projects - - - 670 - Repair & Maintenance 00 15,00 7,00 (8,000) (8,000) 680 - Printing 9,000 40,000 31,000 7,417 760 - Books and Publications 8,000 7,000 (1,000) (1,000) 410 - Travel - Training 6,000 6,000 - - 420 - Travel - Other 15,000 15,000 - - 510 - Telephone Services 20,000 12,000 (8,000) - 540 - Electricity 5,700 - (5,700) (5,700) 083 - Car Allowance 20,000 10,000 (10,000) (10,000) 080 - Expense Allowance 30,000 15,000 (15,000) (15,000) 903 - Materials and Supplies 30,000 40,000 10,000 10,000 495 - Parking Expense - 8,500 8,500 - 170 - Severance Pay - 7,500 7,500 (2,500) 180 - Tuition Reimbursement 5,000 7,500 2,500 2,500 930 - Aid to Private Organizations - - - - 000 - Transfers to City Clerk and Law Department - 50,000 50,000 710 - Food - 24,000 24,000 - TotalOperating $ 679,084 $ 1,297,000 $ 617,916 $ 152,833 Furniture, Fixtures and Equipment 840 - Equipment - New $ 27,000 $ 8,000 $ (19,000) $ (7,500) 841 - Office Furniture 25,000 15,000 (10,000) - 810 - Land - 19,000 19,000 - 843 - Lease Equipment 10,000 10,000 - - Total Furniture, Fixtures and Equipment $ 62,000 $ 52,000 $ (10,000) $ (7,500) Notes: Prior years expenditures are included for Legal Services an Page 1 of 1 %1 U ,r 89 � Executive Assistant Community Rec 'opment Agency OMNI Property Owners SEOPW Property Owners Board Members Executive Director Deputy Director / Chief Financial Officer Senior Administrative Coordinator Special Projects P 1 Coordinator Senior Business Developer / Budget Officer Senior Project Manager Community Liason Office Manager Junior Planner Project Coordinator ? Sanitation Inspector Secretary Adjunct Researcher Project Specialist Historical Preservationist / Receptionist Davis Bacon �s E Assistant to Receptionist / Comptroller Clerk Administrative Officer /Contract Compliance CITY OF MIAMI, FLORIDA FROM INTER -OFFICE MEMORANDUM , ITEM 2 Chairman Teele and DATE: July 30, 2001 FILE: Members of the CRA Board SUBJECT: SEOPW/CRA Budget FY 2001 REFERENCES: Dipak M. Parekh - Executive Director % ENCLOSURES: Resolution & Budget RECOMMENDATION It is recommended that the Community Redevelopment Agency (CRA) Board of Directors approve the attached resolution and transmit to the City of Miami Commission the Adjusted Budget for fiscal year 2001 for the SEOPW Community Redevelopment Agency (SEOPW/ CRA). BACKGROUND The modifications are based on standard routine adjustments, which consist of the following revisions from the adopted budget approved by the CRA Board of Director's on September 18th, 2000. The proposed budget amendment is $17,379,177, a decrease of $4,589,920 over the fiscal year 2001 adopted budget. Item Adopted Modified Difference Revenues: Fannie Mae 0 $1,200,000 $1,200,000 Prior Year Carryover 1,460,948 4,256,953 2,796,005 Unfunded CDBG 8,000,000 0 (8,000,000) Section 108 Loan 1,800,000 0 (1,800,000) 1995 Rev. Bond 2,000,000 2,250,000 250,000 Other 2,155,045 3,119,120 964,075 Expenditures: Projects & Programs $19,624,644 $13,556,242 $(6,068,402) Other 2,344,453 3,822,935 1,478,482