HomeMy WebLinkAboutCRA-R-22-0037Southeast Overtown/Park West
Community Redevelopment Agency
Legislation
CRA Resolution: CRA-R-22-0037
File Number: 12599
Final Action Date:9/22/2022
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
("SEOPW CRA") WITH ATTACHMENT(S), APPROVING AND ADOPTING THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT
AGENCY'S ("SEOPW CRA") PROPOSED GENERAL OPERATING AND TAX
INCREMENT FUND BUDGET, ATTACHED AND INCORPORATED AS EXHIBIT
"A" IN THE AMOUNT OF $92,443,744, FOR THE FISCAL YEAR COMMENCING
OCTOBER 1, 2022, AND ENDING SEPTEMBER 30, 2023; PROVIDING FOR
INCORPORATION OF RECITALS AND PROVIDING FOR AN EFFECTIVE DATE.
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, 2022, and ending September 30, 2023 ("FY 2022-2023"), 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 Board of Commissioners wish to approve and adopt the SEOPW CRA's
Budget for FY 2022-2023 as set forth in Exhibit "A", in the amount of $92,443,744;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION 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
General Operating and Tax Increment Fund Budget, in the amount of $92,443,744, for the fiscal
year commencing October 1, 2022, and ending September 30, 2023, as set forth in Exhibit "A",
is hereby approved and adopted.
City of Miami Pagel of 2 File ID: 12599 (Revision:) Printed On: 1011312022
File ID: 12599
Enactment Number: CRA-R-22-0037
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. The Board of Commissioners of the SEOPW CRA hereby ratifies and
adopts the current compensation of the Executive Director earned since November 18, 2021.
Section 5. The Board of Commissioners of the SEOPW CRA hereby authorizes a
merit, inflation, and a cost -of -living increase of 9% in the compensation of the Executive
Director effective on October Is', 2022.
Section 6. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
y5rrcer ounsel 9/15/2022
City of Miami Page 2 of 2 File ID: 12599 (Revision:) Printed on: 1011312022