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Home My WebLink AboutOMNI-CRA-R-01-00301 1 ITEM 4 September 24, 2001 RESOLUTION NO. A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY (CRA) APPROVING THE APPROPRIATIONS FOR SAID AGENCY AND TO j AUTHORIZE ITS TRANSMISSION TO THE CITY OF MIAMI AND MIAMI-DARE COUNTY FOR THE FISCAL YEAR 2002, ATTACHED HERETO AND INCORPORATED AS EXHIBIT «A„ 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 accept and transmit to the City of Miami and subsequently Miami -Dade County, the estimated FY 2002 budget; and 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 the Resolution are incorporated herein as if fully set forth in this Section. Section 2. The CRA Board of Directors hereby accepts the FY'2002, Estimated Budget attached as Exhibit "A". Section 3. This resolution shall be effective immediately upon its adoption. PASSED AND ADOPTED this 24th day of September, 2001. Arthur E. Teele, Jr., Chairman owu/CRA SEOPW/CRA 4 b�� ~ N Im Walter J. Foeman City Clerk APPROVED AS TO FORM AND CORRECTNESS: Alejandro Vilarello City Attorney ITEM 4 September 24, 2001 f nMM/CRA SEOPW/CRA IN CITY OF MIAMI, FLORIDA pq i on Chairman Teele and Members of the CRA Board FROM: Annette Lewis Executive- Director INTER -OFFICE MEMORANDUM DATE: SUBJECT: September 24, 2001 ITEM 4 FILE: SEOPW/CRA Budget FY 2002 REFERENCES: ENCLOSURE'Resolution and Budget RECOMMENDATION It is recommended that the Community Redevelopment Agency (CRA) Board accept the attached resolution, which outlines the Budget estimate for fiscal year 2002 for the South East Overtown/Park West Community Redevelopment Agency (SEOPW CRA) and transmit to the City of Miami and Miami -Dade County. BACKGROUND The proposed budget for fiscal year 2002 is $26,484,084, an increase of $9,104,907 over the 2001 fiscal year's budget. This significant increase results from the timing of scheduled projects and programs in the CRA's five (5) plan. Summary by Category of Expenditures: Operations (including Salaries & benefits) $ 2,679,488 Capital Projects 22,594,454 Debt Service 1 57,675 Programs 1,152,467 Funding Source: N/A Account Number: N/A $ 26,484,084 ON MICRA SEOPW/CRA CITY OF MIAMI COMMUNITY REDEVELOPMENT AGENCY FuRdine Sources Tax Increment Revenue City Tax Increment Revenue County Parking Revenue Prermitting & Development Fees Interest on Investment Rental Properties Guaranteed Entitlement City of Miami Interlocal Agreement - City of Miami Interlocal Agreement Interlocal Agreement - CDBG Support Prior year carryover and reimbursement 3rd Avenue carryover and reimbursement HOPWA CDBG Projects CDBG Program income 1995 Special Non-Advalorem Revenue Bonds Section 108 Loan CLUC HOME Grants to existing business/Micro Loan Community Development Block Grant - (Year 1-FY'00) Community Development Block Grant - (Year 2 - FY'O1) Community Development Block Grant - (Year 2 - FY'02) Fannie Mae Sale of Townhomes Appropriated Fund Balance Allowance for Property Adjustment Board (PAB) Expenditures Salaries &Fringes Operating Expenses Furniture, Fixtures and Equipment Projects and Programs Intrafund loan to OMNI County Interlocal Agreement (Performing Arts Theatre) Debt Service Budget Reserve Fannie Mae Allocation to City Clerk & Attomey Transfers Revenues/ over Expenditures 9117120016:55 PM SEOPW Trust Fund - Fiscal Year 2002 Adopted Modified Estimate FY 2001 FY 2001 FY 2002 $ 574,104 $ 574,104 $ 852,854 370,758 344,280 524,624 150,000 60,000 48,000 150,000 _ _ 90,000 81,016 122,166 90,155 84,000 90,155 300,000 300,000 _ - 375,000 279,488 194,488 642,509 379,000 1,100,000 379,000 1,460,948 4,256,953 _ 3,000,000 3,000,000 1,800,000 1,000,000 500,000 500,000 1 1,000,000 1,000,000 250,000 - 500,000 500,000 2,000,000 2,250,000 2,250,000 2 1,800,000 - 13,000,000 Jdc4 300,000 300,000 300,000 524,644 786,966 786,966 500,000 500,000 500,000 3,000,000 3,000,000 « _ J 5,000,000 5,000,000 s 4 4 1,200,000 1,200,000 - 500,000 2,237,810 $ 21,969,097 $ 25,407,407 $ 26,484,084 $ 963,231 $ 762,098 $ 884,449 679,084 1,297,000 1,455,891 62,000 52,000 _ 19,624,644 21,556,242 23,283,954 - - 462,967 356,600 356,600 57,675 283,538 50,000 263,148 - 300,000 6,000 - 70,000 1,005,237 $ 21,969,097 $ 25,379,177 $ 26,484,084 28,230 '` a] 31 Revised 9/17/01 Notations: Due to restrictiveness of HOPWA, CD has agreed to substitute $500,000 of Program Income. The source for the balance of $500,000 is to be determined z Balance of proceeds for construction of CRA Administrative building 3 Prior year CDBG funding not indentified - proposing Section 108 Loan ° Unfunded commitment from the City's 5 year plan - proposing Section 108 Loan 9/17/20016:55 PM CITY OF MIAMI COMMUNITY REDEVELOPMENT AGENCY ,.I, Southeast Overtown Park West Tax Increment Project - 689001 Source Revenues Taxes Real Current Interest on Investment Transfer in from CD Contr. From Other Govt. Cnty Carryover Fund Balance Expenditures Professional Services - Other Other Contractual Services Interest Expense Land Construction in Progress Fannie Mae (ApplicationFee) Budget Reserve Revised 9/17/01 9/17/20012:29 PM FY'01 FY'01 FY'01 FY'02 Budget Actual YTD ProL Y/E Proiected 574,104 574,104 574,104 897,741 < - 70,362 70,362 87,953 - 114,882 114,882 0 370,758 344,280 292,449 552,236 _ - - 550,855 b 944,862 1,103,629 1,051,797 2,088,785 z 200,000 199,876 200,000 250,000 134,000 97,970 100,000 125,000 56,600 - 56,600 57,675 61,200 61,100 61,100 50,856 493,062 334,994 493,062 1,336,106 - - - 6,000 - - - 263,148 944,862 693,941 910,762 2,088,785 - 409,688 141,035 - CITY OF MIAMI COMMUNITY REDEVELOPMENT AGENCY Southeast Overtown Park Wesj45eneral Operating Project - 689004 FY'01 FY'01 FY'01 FY'02 Budeet Actual YTD Proi. Y/E Proiected Source Revenues Rental Properties 90,155 93,600 90,155 90,155 Interest on Investment Transfer from CD 90,000 20,935 21,000 21,000 379,000 771,722 771,722 - Contribution from Gen. Fnd. 279,488 326,071 326,071 279,488 Carryover Fund Balance 1,460,948 - 1,460,948 - Contrib. from Guaranteed Entitlement 300,000 - _ Contrib. from Off Street Parking 150,000 (13,418) - 48,000 Impact Fees 150,000 _ General Fund Human Resources Support - - - 363,021 Sale ofTownhomes - 500,000 1995 Special Non-Advalorem Revenue Bonds 2,000,000 2,250,000 - 2,250,000 Appropriatied Fund Balance - - - 1,615,100 4,899,591 3,448,911 2,669,896 5,166,764 Expenditures Salaries -Class. Perm. FT. 111,805 96,401 111,805 120,749 Earned Time Payoff 1,000 535 535 1,000 Salaries-Unclassfied 590,000 458,233 549,879 582,872 Expenses Allowance Car Allowance 18,000 13,683 18,000 18,000 16,000 8,308 16,000 16,000 Social Security Contrib. 49,500 37,067 53,261 56,505 Group Insurance Contrib. 18,695 14,155 16,986 19,533 Worker's Compensation 58,323 3,150 52,935 56,290 Unemployment Compensation - (1,651) - _ Severance Pay 10,000 2,745 2,754 8,500 Tuition Reimbursement 5,000 2,074 5,000 5,000 Professional Services- Architect 50,000 7,723 50,000 50,000 Professional Services- Legal 302,884 244,116 302,884 375,000 Professional Services- Other 35,700 22,638 35,700 38,000 Professional Services- Acct'g 55,000 - 25,000 50,000 9/17/20016:55 PM on) Southeast Overtown Park West General Operating Project - 689004 FY'01 FY'01 FY'01 FY'02 Budget Actual YTD Proi. Y/E Projected Source Advertising 99,000 99,000 108,000 113,400 Taxes 4,000 3,670 3,670 - Other Contractual Services 344,000 332,926 363,192 381,352 Travel and Per Diem - Training 6,000 (185) - 3,000 Travel and Per Diem - Other 15,000 7,463 8,000 12,000 Parking Expenses Communications Serv. Telephone 8,500 12,000 6,704 11,155 7,700 12,748 8,500 15,000 Postage 4,000 735 900 1,500 Delivery Services 6,500 5,960 6,500 7,500 Utility Services 3,000 2,577 2,945 3,500 Interest Expense 300,000 - - - Rent of Equipment - Outside 15,000 15,661 17,000 20,000 Rent Building 51,000 48,992 55,990 88,000 Insurance Liability 15,500 15,148 17,000 20,000 Repair/Maintenance - Outside 14,500 8,243 11,500 12,500 PrintingBinding- Outside 58,583 50,134 58,134 61,041 Promotional Activities 40,000 39,171 40,000 59,376 Office Supplies 35,000 23,011 27,011 25,000 Food 24,000 21,757 24,000 20,000 Miscellaneous Supplies 2,000 1,353 1,500 1,500 Books and Publication 7,000 7,822 8,500 10,000 Land 19,000 18,125 18,125 75,000 Equipment - New 15,500 6,151 6,151 5,000 Office Furniture - New 15,000 10,214 20,000 15,000 Equipment Lease - Purchased 10,000 8,377 10,052 11,560 Construction in Progress 272,738 117,740 267,740 2,181,549 Intrafund Loan to OMNI - - - 462,967 Personal Services 50,000 32,713 39,256 49,070 Materials and Supplies 30,000 28,907 31,535 36,000 Rehabilitation Grant Awards 95,000 95,000 95,000 - Allocation to City Clerk & Attorney 15,000 15,000 15,000 70,000 Budget Reserve 6,583 - - - 2,915,311 1,942,699 2,517,889 5,166,764 Revenues over Expenditures 1,984,280 1,506,212 152,007 (0) 9/17120017:02 PM I CITY OF MIAMI COMMUNITY REDEVELOPMENT AGENCY Southeast Overtown Park West _Redevlopment Projects Project - 689005 .m. FY'01 FY'01 FY'01 FY'02 Budget Actual YTD Proi. Y/E Proiected Source Revenues Interest on Investments 13,213 13,213 13,213 Transfer from Community Deve - 184,172 184,172 - Fannie Mae - 1,200,000 - 1,200,000 Carryover Fund Balance 375,000 - 375,000 - 375,000 1,397,385 572,385 1,213,213 Expenditures Construction in Progress - (7,762) - 13,213 Aid to Private Organizations 375,000 375,000 - - - 1,200,000 - 1,200,000 Budget Reserve _ - _ - 375,000 1,567,238 - 1,213,213 Revenues over Expenditures - (169,853) 572,385 - Revised 9/17/01 9/17/20012:29 PM r CITY OF MIAMI COMMUNITY REDEVELOPMENT AGENCY Community Programs Project-689006 Source ^ Revenues Taxes Real Current Carryover Fund Balance 51 Expenditures Other Contractual Service Budget Reserve Revenues over Expenditures Revised 9/17/01 FY'01 FY'01 FY'01 FY'02 Budget Actual YTD Proi. Y/E Projected - 84,961 84,961 - - 84,961 84,961 - 84,962 - - 84,962 - - m CITY OF MIAMI COMMUNITY REDEVELOPMENT AGENCY Community Development Funding Commitment Project - 799126 FY'02 FY'01 FY'0I FY'01 FY'02 Remaining Funding * Budeet Actual YTD Pro*. Y/E Balance Available Projected Source Revenues US Dept of HUD 379,000 270,651 379,000 - 379,000 Prior year revenue approp. 1,000,000 548,584 750,000 250,000 250,000 Prior year revenue approp./Micro Loan 471,770 - - 471,770 - US Dept of HUD 225,000 225,000 Prior year revenue approp. 350,000 350,000 Micro Loan 500,000 500,000 500,000 Funds replaced HOPWA 1,000,000 - - 500,000 500,000 US Dept of HUD/CLUC 100,000 100,000 100,000 Prior year revenue approp./CLUC 200,000 200,000 300,000 CDBG Program Income 500,000 500,000 500,000 HOME 524,000 524,000 786,322 CDBG-Year I(Unfunded - FY'00) 3,000,000 3,000,000 3 3,000,000 CDBG - Year 2 (Unfunded - FY 01) 5,000,000 - 5,000,000 5,000,000 Z CDBG - Year 3 (Unfunded - FY'02) - - - 5,000,000 Z US Dept of HUD 3,000,000 996,426 1,200,000 1,800,000 1,800,000 16,249,770 1,815,661 2,329,000 13,420,770 18,115,322 Expenditures Rehabilitation Grant Awards 379,000 - - - _ Contribution to Spec. Revenue - 270,651 379,000 - - Prior Year Cost Allocation/CD funds 1,000,000 553,307 750,000 250,000 250,000 Prior Year Cost Allocation/Micro Loan 471,770 - - 471,770 - Rehabilitation Grant Awards 225,000 225,000 Prior Year Cost Allocation 350,000 350,000 Prior Year Cost Allocation/HOPWA 1,000,000 1,000,000 Rehabilitation Grant Awards/CLUC 100,000 100,000 100,000 Prior Year Cost Allocation/CLUC 200,000 200,000 200,000 Contribution to Spec. Revenue/CDBG 885,086 885,086 885,086 - - Prior Year Cost Allocation/CDBG 2,114,914 135,015 314,914 1,800,000 1,800,000 Projects & Programs - - - 8,824,000 15,665,322 6,725,770 1,844,059 2,329,000 13,220,770 18,015,322 9,524,000 (28,398) - 200,000 100,000 I CDBG Unfunded amount of $3M from prior year 2 Source of funding not yet detdrmined by Community Development 9/17/20016:30 PM i Revised 9/17/01 064 W w� R 1m. '4" CITY OF MIAMI COMMUNITY REDEVELOPMENT AGENCY CAPITAL IMPROVEMENT PROJECTS AND PROGRAMS 5 Year Project/ Modified Allocation - Description Proeram Total FY'01 Allocation for FY'02 Priority OMNI ar 1 O Planning and coordination of the North Bayshore extension and the Venitian Causeway approach 20,000 - 2 Modification of OMNI Redevelopment Plan 45,000 - - 3 O Planning and design of the Baywalk behind the Interational Fine Arts College 45,000 - - 110,000 - PARK WEST I Y Property assesment revaluation 340,000 - - 2 Y Enhancement of property assessments and options to improve values in the vicinity of Camillus House 3,800,000 - 50,000 3 O Establishment of pilot infrastructure improvement an maintenance program 850,000 - - 4 O Planning, design and coordination of Special Lighting and Security District in Park West 1,100,000 - - 6,090,000 - 50,000 GENERAL TO THE CRA AREAS 1 O Historic designation activities in the CRA areas 275,000 20,000 20,000 2 y Coordination and development of infrastructure improvements wth City of Miami, and Miami -Dade County Public Works, Miami Dade County Water and Sewer Department, FDOT, Off Street Parking Authority and other relevant agencies 1,050,000 500,000 500,000 3 O Development of a "Gateways" project into the Omni and the Southeast Overtown Park West Areas 100,000 100,000 - 4 Y Development of a Master Plan Implementation Strategy for SEOPW and OMNI CRA areas 350,000 15,000 150,000 1,775,000 635,000 670,000 COMMUNITY PROGRAMS 1 Y Home ownership pre -qualification and counseling 2,224,644 - 786,966 2 Little Haiti job creation project - - - 3 Grants to existing businesses 1,200,000 500,000 471,770 4 Y Laredo/ReUse Plan (CLUC 90 Properties) 900,000 300,000 400,000 4,324,644 800,000 1,658,736 OVERTOWN AREA I Y Planning of Historic Priority Business Corridor 75,000 - - 2 Y Planning and development of parking facilities for the Historic Priority Business Corridor 3,210,000 1,200,000 1,000,000 3 Y Identification, marketing and negotiation of a national franchiser as a Pioneer project for the Historic Priority Business Corridor 650,000 500,000 500,000 4 H Planning, design and development of infrastucture of the Job Creation Plaza (Phase I) - - - SEOPW / CIt�► j _ `� OMM/CRA _N CITY OF MIAMI COMMUNITY REDEVELOPMENT AGENCY CAPITAL IMPROVEMENT PROJECTS AND PROGRAMS 5 Year Project/ Modified Allocation Description Proeram Total FY'01 Allocation for FY'02 5 Planning, design and development of infrastucture improvements in the Historic Folklife Village 700,000 - 150,000 6 Y Development of Professional Office Complex 2,200,000 2,200,000 2,200,000 7 Y Design assistance, award of grants and other incentives to existing businesses in Overtown 1,200,000 500,000 200,000 8 0 Miscellaneous business activity development and relocation of new businesses to Overtown 1,250,000 50,000 150,000 9 H Technical Assistance program compliance and marketing to complete Phase III of Poiniciana Village 45,000 - - 10 H Technical Assistance program compliance and marketing to complete Phase IV of Poiniciana Village 200,000 - - 11 Y Provide planning, coordination and technical assistance to the Black Arhives Historic Village development 230,000 - - 12 0 Technical assistance to the Historic Lyric Theatre redevelopment 75,000 15,000 25,000 13 0 Planning, design and development of infrastructure improvements in the Priority Business Corridor 575,000 200,000 325,000 14 0 Planning, design and development of parking facilities to support the Lyric Theatre and Folklife Village 170,000 50,000 50,000 15 0 Technical assistance/liaison to Optimist Club activities 15,000 5,000 15,000 16 Y Planning and implementation of environmental pilot projects for SEOPW and Omni using the Greater Miami Service Corps 800,000 - - 17 0 Technical assistance and program compliance to St. John CDC affordable housing development prooject 50,000 10,000 10,000 18 Y Plan and develop the frontage of 3rd Avenue north of the Lamont Building for buiiness usage in coordination with St. Johns CDC 300,000 - - 19 Y Create and design and implement an overaly of special fencing for all government owned property in Overtown 725,000 500,000 400,000 20 O Completion the 9th Street Pedestrian Mall 2,750,000 1,800,000 2,750,000 21 H Technical assisstance for the development of property known as Sawyer's Walk 30,000 - - 22 0 Miscellaneous land acquisition 2,350,000 - 800,000 23 0 Renovation of historically significant buildings: Ward Rooming House, Old People's BBQ, Lamont Bldg., Cola Nip, Overtown Police Building, Dunn Hotel and others 1,950,000 - 125,000 24 0 City Parks Improvement Projects- Gibson, Williams, Reeves, Dorsey & Athalie Range Parks 800,000 - 100,000 25 Y Planning, development and preparation of grant applications for Gibson Park Annex Culture and technology center 500,000 - - 26 0 Establishment of an Artists' District by legislation 5,000 - 5,000 27 0 Develop an arts and culture office incubator inclusive of art studios and residences 300,000 - 50,000 28 Renovation of Dorsey House 90,000 - - 29 Technology Center of the Americas 750,000 375,000 - 2 owz/CRA U- ;s sEopwLop- r► 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 CITY OF MIAMI COMMUNITY REDEVELOPMENT AGENCY CAPITAL IMPROVEMENT PROJECTS AND PROGRAMS Description -Network Access Points C Florida Marlins Ballpark International Trade Technology Project Johnson and Wales Arena Square Apartments Fagade-Grant Technical Assistance to Arena Square Development of Townhomes in Overtown Cultural and Technology Center Construction Management Institute Park West Studios Grand Promenade Arena Square Apartments Relocation General Fund Grant to Business Construction Management to three businesses Dover, Khol & Partner - Planning Study Festivals and Contributions Contingency & Board Approved Projects Parking facilities in Park West Joint Park West Railroad Project Overtown Model Block Lighting, Security and Facilities Upgrade Undesignated Total Projects Proiect Types Cl Capital Improvement HP Historic Preservation ED Economic Development HS Housing Funding Categories SE Southeast Overtown Park West OM Omni SN Safe Neighborhood Park Bond GF General Fund OF Other Funds CD-E Community Development -Economic Development CD-H Community Development -Housing CD -CI Community Development -Capital Improvement CD -HP Community Development - Historic Preservation 5 Year Project/ Modified Allocation Program Total FY'01 Allocation for FY'02 500,000 - - 250,000 200,000 t- 150,000 - - 55,000 20,000 20,000 1,170,000 - 1,170,000 500,000 - 475,000 1,200,000 - 1,200,000 5,500,000 100,000 100,000 168,000 90,000 90,000 4,500 4,500 4,500 50,000 4,500 50,000 12,500 - 12,500 500,000 500,000 400,000 100,000 100,000 100,000 755,050 300,000 300,000 500,000 36,776 88,720 500,000 - 225,000 5,500,000 - - 4,500,000 - 2,000,000 3,500,000 - 2,750,000 1,500,000 - 800,000 3,000,000 - 1,575,000 51,910,050 8,760,776 20,215,720 64,209,694 10,195,776 22,594,456 3 SEOPW/C�