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HomeMy WebLinkAboutSEOPW OMNI CRA 2003-02-27 MinutesCITY OF MIAMI MEETING MINUTES OF MEETING HELD ON FEBRUARY 27, 2003 PREPARED BY THE OFFICE OF THE CITY CLERK/CITY HALL Priscilla A. Thompson/City Clerk MINUTES OF THE SPECIAL BOARD OF DIRECTORS MEETING OF THE COMMUNITY REDEVELOPMENT AGENCY FOR SOUTHEAST OVERTOWN/PARK WEST AND OMNI DISTRICTS On the 271h day of February 2003, the Board of Directors of the Community Redevelopment Agency \for the Southeast Overtown/Park West and Omni Districts of the City of Miami met at Miami City Hall, 3500 Pan American Drive, Miami, Florida 33133. The meeting was called to order at 3:51 p.m. by Chairman Arthur E. Teele, Jr., with the following Board Members found to be present: Chairman Arthur E. Teele, Jr. Vice Chairman Johnny L. Winton Board Member Angel Gonzalez Board Member Tomas Regalado Board Member Joe Sanchez ALSO PRESENT: Joe Arriola, City Manager, City of Miami Alejandro Vilarello, City Attorney, City of Miami Priscilla A. Thompson, City Clerk, City of Miami Sylvia Scheider, Assistant City Clerk, City of Miami Frank Rollason, Executive Director, CRA, City of Miami February 27, 2003 15. AUTHORIZE EXECUTIVE DIRECTOR TO REMIT UP TO BUT NO GREATER THAN $1,430,000 FROM TAX INCREMENT TRUST FUND OF OMNI CRA FOR PURPOSE OF PAYING DEBT SERVICE ON PERFORMING ARTS CENTER BONDS. Board Member Regalado: Mr. Chairman, I don't know if you want to do the other resolution that I have, or you want to do it later. It's OK by me. Vice Chairman Winton: Well, I think we need to -- had a time certain for CRA (Community Redevelopment Agency), so I think we're going to adjourn the City Commission meeting, and I'm going to hand the gavel to -- I mean -- Board Member Sanchez: You mean -- Vice Chairman Winton: -- adjourn -- recess the Commission meeting and we're going to take up the CRA Board meeting. Chairman Teele: The CRA meeting is adjourned -- CRA meeting is called to order. Commissioner Winton, you're recognized for a discussion on the item relating to the transfer of millions of dollars to the County -- 1.4 million. Weren't you the one that had the issue? Vice Chairman Winton: What's that? I didn't -- Chairman Teele: The issue is a resolution authorizing the remittance of up to, but not greater than, one point four three million dollars ($1,430,000) from the Omni's Tax -- Vice Chairman Winton: Oh. Chairman Teele: -- Increment Trust Fund for the purpose of paying debt service on the Performing Arts Center Bonds. Vice Chairman Winton: And -- I'm sorry. Go ahead. I'm not sure what's -- sorry. Board Member Gonzalez: Commissioner Teele. Chairman Teele: Commissioner Gonzalez. Board Member Gonzalez: I was the board member that had a question on this payment. And I didn't have a question on the payment. The problem that I had was that on the balance sheet that was presented to us, if we would have made these payments according to that balance sheet, we were going -to -be in a- deficit.- So I requested--- and it was due to some City payments that had to be made to CRA. I have been presented today with the right statement, where it reflects the two million fourteen thousand four hundred and seventeen dollars ($2,014,417). I have also been presented with the statement of payments that the CRA is supposed to make, including the one million four hundred and thirty thousand dollars ($1,430,000). And we have a plus number of two hundred and three thousand and fifty-six dollars ($203,056) after making all payments. And I'm ready to move to approve. 2 February 27, 2003 Chairman Teele: Motion to approve by Commissioner Gonzalez. Is there a second? By Commissioner Winton? Vice Chairman Winton: Yes. Chairman Teele: Is there objection? Is there a discussion? Well, the good thing about it is, the public should know that the Performing Arts Center is largely being funded by the . City of Miami. And if for no other reason, Commissioner Gonzalez, I appreciate you deferring the item because this is a part of the discussion that the public is aware of. It shows, again, that even though the facility is a County facility and the City will have no input or control over that facility, the City is paying 1.4 million a year toward the payment of the bonds, and we're doing our part. Is there further discussion or unreadiness? All those in favor of the motion to transfer the one point four three million dollars ($1,430,000) to Miami -Dade County for the payment of the Performing Arts Center bonds signify by the sign of "aye." The Board Members (Collectively): Aye. Chairman Teele: Those opposed have the same right. It's unanimously adopted. The following resolution was introduced by Board Member Gonzalez, who moved for its adoption: OMNI/CRA RESOLUTION NO. 03-20 A RESOLUTION OF BOARD OF DIRECTORS OF THE OMNI COMMUNITY REDEVELOPMENT AGENCY (CRA) AUTHORIZING THE EXECUTIVE DIRECTOR TO REMIT UP TO BUT NO GREATER THAN $1,430,000 FROM THE TAX INCREMENT TRUST FUND OF THE OMNI CRA FOR THE PURPOSE OF PAYING DEBT SERVICE ON THE PERFORMING ARTS CENTER BONDS. (Here follows body of resolution, omitted here and on file in the Office of the City Clerk.) Upon being seconded by Vice Chairman Winton, the resolution was passed and adopted by the following vote: AYES: Chairman Arthur E. Teele, Jr. Vice Chairman Johnny L. Winton Board Member Angel Gonzalez Board Member Tomas Regalado Board Member Joe Sanchez NAYS: None ABSENT: None 3 February 27, 2003 Chairman Teele: And, Mr. Director, I assume that you'll make that payment on the last date, as required by the -- Frank Rollason (Executive Director, CRA): Stretch it out as far as I can. Board Member Regalado: Mr. Chairman, if I may? Chairman Teele: There being no other matters coming before the CRA Board. This is a special meeting. You're recognized to discuss this item, Commissioner Sanchez. Board Member Sanchez: Thank you. I want to take this opportunity to commend the Executive Director for providing us clearly all the information that was asked for. And, basically, also,'one of the things that was requested by the board was a description of the commitment, both by the amount and both by the authorization. And let me just say that you did an excellent job, even highlighting it and making it much easier for us to understand and providing us the adequate information so we can make an intelligent decision on this. Thank you, Mr. Executive Director. Chairman Teele: Meeting stands adjourned. Thank you. 4 February 27, 2003 There being no further business to come before the Community Redevelopment Agency for the Southeast Overtown/Park West and Omni District, the meeting was adjourned at 3:55 p.m. ATTEST: PRISCILLA A. THOMPSON, City Clerk SYLVIA SCHEIDER, Assistant City Clerk ARTHUR E. TEELE, JR., Chairman 5 February 27, 2003