HomeMy WebLinkAboutCRA-R-21-0026Southeast Overtown/Park West
Community Redevelopment Agency
Legislation
CRA Resolution: CRA-R-21-0026
File Number: 10585
Final Action Date: 9/13/2021
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY, WITH
ATTACHMENT(S), APPROVING AND ADOPTING THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY'S
PROPOSED GENERAL OPERATING AND TAX INCREMENT FUND BUDGET, IN
THE AMOUNT OF $86,063,253.00, FOR THE FISCAL YEAR COMMENCING
OCTOBER 1, 2021 AND ENDING SEPTEMBER 30, 2022 AS SET FORTH IN
EXHIBIT "A"; DIRECTING THE EXECUTIVE DIRECTOR TO TRANSMIT A COPY
OF SAID BUDGET TO THE CITY OF MIAMI AND MIAMI-DADE COUNTY.
WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency
("SEOPW CRA") is responsible for carrying out community redevelopment activities and
projects within its Redevelopment Area in accordance with the 2009 Southeast Overtown/Park
West Redevelopment Plan (the "Plan"); and
WHEREAS, as a prerequisite to carrying out redevelopment activities for the fiscal year
commencing October 1, 2021 and ending September 30, 2022 ("FY 2021-2022"), it is required
that the SEOPW CRA's Board of Commissioners approve and adopt the annual General
Operating and Tax Increment Fund Budget ("Budget"), attached and incorporated as Exhibit
"A"; and
WHEREAS, pursuant to Interlocal Agreements, a copy of the SEOPW CRA's budget is
required to be transmitted to the City of Miami and Miami -Dade County; and
WHEREAS, all the expenses included in the Budget are in accordance with state law,
Interlocal Agreements, and the Plan; and
WHEREAS, the Budget contemplates a 5% increase in the executive director's salary.
This adjustment does not increase the total "Regular Salaries" budget amount authorized for the
previous year; and
WHEREAS, the Board of Commissioners wish to approve and adopt the SEOPW CRA's
Budget for FY 2021-2022 as set forth in Exhibit "A", in the amount of $86,063,253.00;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS
OF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated herein as if fully set forth in this Section.
City of Miami Pagel of 2 File ID: 10585 (Revision:) Printed On: 911412021
File ID: 10585
Enactment Number: CRA-R-21-0026
Section 2. The Southeast Overtown/Park West Community Redevelopment Agency's
General Operating and Tax Increment Fund Budget, in the amount of $86,063,253.00, for the
fiscal year commencing October 1, 2021 and ending September 30, 2022, as set forth in Exhibit
"A", is hereby approved and adopted.
Section 3. The Executive Director is directed to transmit a copy of said budget to the
City of Miami and Miami -Dade County.
Section 4. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
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Anna -Bo manue1,11C,hief Legal Counsel 8/31/2021
City of Miami Page 2 of 2 File ID: 10585 (Revision:) Printed on: 911412021