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HomeMy WebLinkAboutOMNI-CRA-R-01-0019OMNI/CRA ITEM 4 ®j MIRA RESOLUTION NO. A RESOLUTION OF THE BOARD OF DIRECTORS OF THE OMNI COMMUNITY REDEVELOPMENT AGENCY ("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 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 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 OMNI COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: ®/CRA 01 - 19 Section 1. The recitals and findings contained in the 1 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 AS .TOY F©RM A. D CORRECTNESS : ALEJ'AN LARELLO Cl/T ATT RNEY ()/CRA Page 2 of 2 0 1 - 19 EXHIBIT "A" .®IC. 01- 19 Revised My 11, 2001 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 Interlocal Agreement - General Assistance Interlocal Agreement - CDBG Support Prior year carryover and reimbursement 3rd Avenue Business Corridor HOPWA CDBG Projects R 8 d CIT, Al COMMUNITY REDEVELOPMENT AGENCY OMNI Trust Fund - Fiscal Year 2001 Adopted Modified Adopted YTD Estimate Fr2000 FY'2000 FY 2001 05/11/2000 FY 2001 Difference 517,335 $ 517.335 $ 624,295 $ 624,295 $ 624,295 $ - 317,382 585,688 403,172 393.449 393,449 (9,723) 41,370 91,712 25,000 29,492 35,000 10,000 28,428 - - - 85,000 85,000 1,990.786 1,516,424 150,000 533,566 383,566 1995 Special Non Ad Valorem evenue on s - - - - Section 108 Loan - - - - - - Transfers (400,000) - - 1.005,237 1,005,237 Florida Inland Navigation District Grant/SAFE 570,799 - - - 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 - - - Fannie Mae - - Total Funding $3,064,098 $2,711,159 $1,202.467 $1,047,236 $2,676,547 $1,474,080 Expenditures Salaries & Fringe Benefits $ 68,353 $ 34,507 $ 68,353 $ 20,149 $ 25,000 $ (43,353) Operating Expenses (See Notes) - - 675 1,000 1,000 Furniture, Fixtures and Equipment - - - - - Projects and Programs 1.336,149 976,450 - 26,683 1,632,803 1,632,803 County Interlocal Agreeme.it 1.184.163 1,550,202 1,027,467 1,017,744 1,017,744 (9,723) Debt Service - - - - - - Budget Reserve 475.433 150,000 106,647 - - (106,647) Fannie Mae Reserve - - - Transfers - - Total Expenditures $3,084,098 $2,711,159 $1,202,467 $1.065,251 $2,676,547 $1.474,080 Funding Sources over (Under) Expenditures $0 $0 $0 ($18,015) $0 $0 06/20/2001 11:49 AM SEOPW AND OMNI/CRA CITY CLERK'S REPORT MEETING DATE: July 30, 2001 Page No, 1 SPECIAL A RESO TION OF THE BOARD OF DIRECTORS SEOPW/CRA R-01-89 MEETING OF TH COMMUNITY REDEVELOPMENT MOVED: GORT ITEM 2 AGENCY ("CRA") , APPROVING THE SECONDED: WINTON TRANSMITT G AN AMENDMENT TO THE ABSENT: SANCHEZ FISCAL YEAR 001 BUDGET ATTACHED HERETO AS EXHIBIT "A ' AND MADE A PART HEREOF (THE "AMENDED UDGET"). SPECIAL Direction to CNus ance Director: by Chairman Teele MEETING to meet with trd of Directors to obtain input on ITEM 2 the format to for future presentation of budget reports. SPECIAL A RESOLUTION OF THE BOARD OF DIRECTORS SEOPW/CRA R-01-90 MEETING OF THE COMMUNITY REDEVELOPMENT MOVED: GORT ITEM 3 AGENCY ("CRA") APPROVING THE SECONDED: WINTON TRANSMITTING AN AMENDMENT TO THE ABSENT: SANCHEZ FISCAL YEAR 2001 CAPITAL PROJECTS AND PROGRAMS ATTACHED HERETO AS EXHIBIT "A" AND MADE A PART HEREOF (THE "PROJECTS AND PROGRAMS"). SPECIAL OARD OF DIRECTORS A RESOLUTION\BUDG OMNI/CRA R-0I-19 MEETING OF THE COY REDEVELOPMENT MOVED: WINTON ITEM 4 AGENCY ("APPROVING THE SECONDED: GORT TRANSMITTINGMENDMENT TO THE ABSENT: SANCHEZ FISCAL YEAR 2ET ATTACHED HERETO AS EXHIBIT "AADE A PART HEREOF (THE "AMENDE"). OM q/CRA of- 19 ITEM 4 OMNI/CRA RESOLUTION NO. OMNIICRA 0 19 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 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 and transmit to the City of Miami 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. Section 3. The resolution shall be effective upon its adoption. PASSED AND ADOPTED on this 30'h day of July, 2001. Arthur E. Teele, Jr., Chairman ATTACHMENT () CONTAINED oWaXRX, 01- 19 ITEM 4 OMNI/CRA ATTEST: Walter J. Foeman, City Clerk APPROVED AS TO FORM AND CORRECTNESS: Alejandro Vilarello City Attorney EXHIBIT "A" ora/cxx, J I - 19 CIT', ,MI COMMUNITY REDEVELOPMENT AGENCY R--d Mq 11, 2001 OMNI Trust Fund - Fiscal Year 2001 Adopted Modified Adopted YTD Estimate Fundlna Sources FY'2000 FY'2000 FY 2001 05/11/2000 FY 2001 Difference Tax Increment Revenues -City $ 517.335 $ 517,335 $ 624,295 $ 624,295 $ 624,295 $ Tax Increment Revenues -County 317,382 585,688 403,172 393,449 393.449 (9,723) City of Miami- Parking Revenue - _ - - _ _ Permitting & Developmental Fees - 3MP - - Interest on Investment 41,370 91,712 25,000 29,492 35,000 10,000 Rental Guaranteed Entitlement _ City of Miami _ - - Interlocal Agreement - General Assistance 28,426 - - 85,000 85,000 Interlocal Agreement - CDBG Support - Prior year carryover and reimbursement 1,990,786 1,516,424 150,000 - 533,566 383,566 3rd Avenue Business Corridor _ HOPWA CDBG Projects 1995 Special Non Ad Valorem Revenue Bonds Section 108 Loan Transfers (400,000) - - - 1,005.237 1,005,237 Florida Inland Navigation District Grant/SAFE 570,799 - _ _ - 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 Fannie Mae _ Total Funding $3,064,098 $2,711,159 $1,202,467 $1,047,238 $2,676,547 $1,474,080 Expenditures Salaries & Fringe Benefits $ 68,353 $ 34,507 $ 68,353 $ 20,149 $ 25,000 $ (43.353) Operating Expenses (See Notes) 675 1,000 1,000 Furniture, Fixtures and Equipment Projects and Programs 1,336,149 976,450 - 26,683 1,632,803 1,632.803 County Interlocal Agreement 1.184,163 1,550.202 1,027,467 1,017,744 1,017,744 (9,723) Debt Service Budget Reserve 475,433 150,000 106,647 - (106,647) Fannie Mae Reserve _ Transfers _ Total Expenditures $3,064,098 $2,711,159 $1.202,467 $1,065,251 $2,676,547 $1,474,080 Funding Sources ovrar (Under) Expenditures $0 $0 $0 ($18,015) $0 $0 06/20/2001 11:49 AM F CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM TO: Chairman Teele and Members of the CRA Board ITEM 4 DATE July 30, 2001 FILE : SUBJECT: OMNI/CRA Budget FY 2001 6� FROM: Dlpak M. Parekh REFERENCES: Executive Directo 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 OMNI Community Redevelopment Agency (OMNI 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. Item Adopted Modified Difference Revenues: Transfers 0 $1,005,237 $1,005,237 Prior Year Carryover 150,000 533,566 383,566 Other 428,172 513,449 85,277 Sub -Total $578,172 $2,052,252 $1,474,080 Expenditures: Projects & Programs 0 $1,632,803 $1,632,803 Other 1,202,467 1,043,744 (158,723) Sub -Total $1,202,467 $2,676,547 $1,474,080 Funding Source: N/A Account Number: N/A ® cm 0 1 - 19