HomeMy WebLinkAboutCRA-R-19-0031Southeast Overtown/Park West
Community Redevelopment Agency
Legislation
CRA Resolution: CRA-R-19-0031
File Number: 6696
Final Action Date:10/28/2019
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 $66,273,241.00, FOR THE FISCAL YEAR COMMENCING
OCTOBER 1, 2019 AND ENDING SEPTEMBER 30, 2020 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;
RATIFYING, APPROVING, AND CONFIRMING NECESSARY ACTIONS OF THE
EXECUTIVE DIRECTOR IN ORDER TO UPDATE THE SEOPW CRA FINANCIAL
EXPENDITURES, ACCOUNTS CLOSE-OUTS AND OPENINGS, AND
ACCOUNTING ENTRIES; PROVIDING FOR AN IMMEDIATE RETRO-ACTIVE
EFFECTIVE DATE OF THIS "ANNUAL BUDGET RESOLUTION" AS OF
OCTOBER 1, 2019 FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2019
AND ENDING SEPTEMBER 30, 2020.
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 ("Plan"); and
WHEREAS, as a prerequisite to carrying out redevelopment activities for the fiscal year
commencing October 1, 2019 and ending September 30, 2020 ("Fiscal Year 2019-2020"), 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", of the SEOPW CRA; and
WHEREAS, pursuant to Interlocal Agreements, a copy of 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, on September 26, 2019, the Miami City Commission adopted Resolution
No. R-19-0373 accepting and adopting the Budget of the SEOPW CRA, in the amount of
$66,273,241.00 for Fiscal Year 2019-2020; and
WHEREAS, it is in the best interests of the SEOPW CRA to ratify, approve, and confirm
certain necessary actions of the Executive Director and designated SEOPW CRA officials in
order to update the relevant SEOPW CRA financial controls, completed projects, projects and
accounts close-outs and openings, accounting entries, and computer systems in connection
City of Miami Page 1 of 2 File ID: 6696 (Revision:) Printed On: 121912019
File ID: 6696 Enactment Number: CRA-R-19-0031
herewith and for grants in progress, and to provide for a retro-active effective date as of October
1, 2019 for this Budget approval resolution for the new Fiscal Year 2019-2020; and
WHEREAS, the Board of Commissioners wish to approve and adopt the SEOPW CRA's
Budget for Fiscal Year 2019-2020 as set forth in Exhibit "A", in the amount of $66,273,241.00.
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.
Section 2. The Southeast Overtown/Park West Community Redevelopment Agency's
("SEOPW CRA") General Operating and Tax Increment Fund Budget, in the amount of
$66,273,241.00, for the Fiscal Year commencing October 1, 2019 and ending September 30,
2020, 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. Certain necessary actions by the Executive Director and designated
SEOPW CRA officials in order to update the relevant SEOPW CRA financial controls,
completed projects, projects and accounts close-outs and openings, accounting entries, and
computer systems in connection herewith and for grants in progress, are hereby ratified,
approved, and confirmed.
Section 5. This Annual Budget Resolution shall become immediately retro-actively
effective as of October 1, 2019 upon its adoption by the SEOPW CRA Board of Commissioners
and signature of the Chair of the SEOPW CRA Board of Commissioners for the Fiscal Year
2019-2020.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
iver, Executive Director 10/22/2019
a
City of Miami Page 2 of 2 File ID: 6696 (Revision:) Printed on: 121912019