HomeMy WebLinkAboutOMNI-CRA-R-01-0031OMNI/CRA ITEM 5A
RESOLUTION NO. 0 31
A RESOLUTION OF THE BOARD OF DIRECTORS OF
THE OMNI COMMUNITY REDEVELOPMENT AGENCY
("CRA") APPROVING THE CAPITAL IMPROVEMENT
AND PROGRAM BUDGET FOR FISCAL YEAR 2002,
ATTACHED AS "EXHIBIT A", FOR SAID AGENCY AND
TO AUTHORIZE ITS TRANSMISSION TO THE CITY OF
MIAMI AND MIAMI-DADE COUNTY.
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 accept the Capital Improvement
and Program Budget for Fiscal Year 2002, attached as "Exhibit
A", and transmit same to the City of Miami and Miami -Dade
County.
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.
Old/CRA
`�' 01-r 31
Section 2. The CRA Board of Directors hereby accepts
the Capital Improvement and Program Budget for Fiscal Year 2002,
attached as "Exhibit A", and authorized the Executive Director
to transmit same to the City of Miami and Miami -Dade County.
Section 3. The Resolution shall be effective upon its
adoption.
PASSED AND ADOPTED on this 24th day of September, 2001.
ATTEST:
WAL R J. FOEMAN
j' CIT CLERK
ARTHUR E. TEELE, JR.,
Page 2 of 2 0�,W1/CRA
01- 31
,
" CITY OF MIAMI, FLORIDA `%ve
INTER -OFFICE MEMORANDUM ITEM 5
'O: Chairman Teele and DATE: September 24, 2001 FILE:
A%W111 Members of the CRA Board
SUBJECT: OMNI/CRA Budget FY 2002
FROM: Annette Lewis REFERENCES:
Executive Directo Resolution and Budget
ENCLOSURES:
J
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 OMNI
Community Redevelopment Agency (OMNI CRA), and transmits to the City of Miami and
Miami -Dade County respectively.
BACKGROUND
The proposed budget for fiscal year 2002 is $4,054,015, which represents an increase of
$1,377,473 over the fiscal year 2001 modified budget. This is largely based on the increase in
the tax increment and grant funding earmarked for the Margaret Pace Park Project.
An intrafund loan of $462,967 from the SEOPW area budget is included in this submission.
These funds are required to complete Phase IB of Margaret Pace Park. The CRA will pursue
alternate funding sources to replace this intraf nid loan during FY'02. However, if one is not
identified the CRA will repay it from FY'03 increment funds to SEOPW.
The proposed budget provides for the required contribution of $1,430,000 to the County for the
Performance Center Bonds.
Funding Source: N/A
Account Number: N/A
own/cm
ITEM 5A
September 24, 2001
RESOLUTION NO. OMNI/CRA
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
OMNI REDEVELOPMENT AGENCY (CRA) APPROVING
THE CAPITAL IMPROVEMENT AND PROGRAM BUDGET,
FOR SAID AGENCY AND TO AUTHORIZE ITS
TRANSMISSION TO THE CITY OF MIAMI AND MIAMI-
DADE COUNTY FOR THE FISCAL YEAR 2002, ATTACHED
HERETO AND INCORPORATED AS EXHIBIT "A".
WHEREAS, the CRA is responsible for carrying out community redevelopment
activities and projects in the Omni Area (the "Redevelopment Area") established
pursuant to the Redevelopment Plan; and
WHEREAS, the CRA desires the acceptance and transmittal to the City of Miami
and subsequently Miami -Dade County, the estimated FY 2002 budget; and
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI,
FLORIDA:
Section 1. The recitals and findings contained in the Preamble to the
Resolution are incorporated herein as if fully set forth in this Section.
Section 2. The CRA Board of Directors hereby accepts the FY'2002,
Estimated Budget attached as Exhibit "A".
Section 3. This resolution shall be effective immediately upon its adoption.
PASSED AND ADOPTED this 24th day of September, 2001.
Arthur E. Teele, Jr., Chairman
OMMICRA
Walter J. Foeman
City Clerk
APPROVED AS TO FORM
AND CORRECTNESS:
Alejandro Vilarello
City Attorney
ITEM 5A
September 24, 2001
I
OMNI/CRA
3$
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM ITEM 5
�. Chairman Teele and DATE: September 24, 2001 FILE:
Members of the CRA Board
SUBJECT: OMNI/CRA Budget FY 2002
FROM: Annette Lewis REFERENCES:
Executive Directo Resolution and Budget
ENCLOSURES:
J
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 OMNI
Community Redevelopment Agency (OMNI CRA), and transmits to the City of Miami and
Miami -Dade County respectively.
BACKGROUND
The proposed budget for fiscal year 2002 is $4,054,015, which represents an increase of
$1,377,473 over the fiscal year 2001 modified budget. This is largely based on the increase in
the tax increment and grant funding earmarked for the Margaret Pace Park Project.
An intrafund loan of .$462,967 from the SEOPW area budget is included in this submission.
These funds are required to complete Phase IB of Margaret Pace Park. The CRA will pursue
alternate funding sources to replace this intrafund loan during FY'02. However, if one is not
identified the CRA will repay it from FY'03 increment funds to SEOPW.
The proposed budget provides for the required contribution of $1,430,000 to the County for the
Performance Center Bonds.
Funding Source: N/A
Account Number: N/A
01- 31
OMNI
CITY OF MIAMI M
U
COMMUNITY REDEVELOPMENT AGENCY
C
1
C
1999 Final 2000 2001
2.328% 7.645% 13.412%
15.000%
a�
10.000%
a
.y 5.000%
C�
it
b 0.000%
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A)UT IM
1999 Final 2000 2001
Year of Assessment
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