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HomeMy WebLinkAboutR-02-0254J-02-244 3/7/02 RESOLUTION NO. 02- 2 5 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENTS, URGING THE LEGISLATURE OF THE STATE OF FLORIDA TO ENACT ADDITIONAL AMENDMENTS TO HOUSE BILL HB 1341, WHICH, IF ADOPTED, WILL INCLUDE IN THE DEFINITION OF A `BLIGHTED AREA,' GOVERNMENTALLY -OWNED PROPERTY WITH EXISTING ADVERSE ENVIRONMENTAL CONDITIONS WHETHER CAUSED BY A PUBLIC OR PRIVATE ENTITY AND WHICH WILL ADD CONTIGUOUS MUNICIPALLY -OWNED LAND THAT QUALIFIES AS BROWNFIELDS AREA TO THE BOUNDARIES OF A COMMUNITY REDEVELOPMENT AGENCY, SAID AMENDMENTS MORE PARTICULARLY SET FORTH IN THE ATTACHED DRAFT AMENDMENTS; FURTHER DIRECTING THE CITY CLERK TO TRANSMIT A COPY OF THIS RESOLUTION TO THE HEREIN DESIGNATED OFFICIALS. BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The Legislature of the State of Florida is urged to enact additional amendments to House Bill HB 1341., which, if adopted, will include in the definition of a blighted area, governmentally -owned property with existing adverse environmental conditions whether caused by a public or private entity and which will add contiguous municipally -owned land that qualifies as Brownfields area to the boundaries of a community MARR 0 7 2002 -� ~ redevelopment agency, said amendments particularly set forth in the attached draft amendments. Section 2. The City Clerk is directed to transmit a copy of this Resolution to Governor Jeb Bush, the President of the Florida Senate, the Speaker of the Florida House of Representatives, Representative Paula Bono Dockery, and all members of the Miami-Dade County Legislative Delegation. Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor..!/ PASSED AND ADOPTED this 7th day of March 2002. ANUEL A. DIAZ, MAY R' ATTEST: SYL SCHEIDE , ACTING CITY CLERK NESS 2�&� '-� If the Mayor does not sign this Resolution, it shall become effective at the end of ten calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission. Page 2 of 3 02- 254 Amendment No. 1 0 drafter's use only) � House Amendment Bill No. HB 1341 Insert Page 2, Line 13: 13 (8) "Blighted area" means an area in which there are either, there -are a 14 substantial number of slum, deteriorated, or deteriorating structures, in which aped 15 condition as indicated by government -maintained statistics or other studies are 16 leadina that lead to economic distress or endanger life or property, or 17 governmentally owned property with existing adverse environmental conditions, 18 whether caused by a public or private entity, and in which two or more of the 19 following factors are resent: by fire r thor�Q n or one Or MOM of the 20 following fartOF0 that substantially impairs OF affests the sound gFeyAh of 21 , 22 welfare in its present nnnditiGn and i 23 24 25 26 27 02. 254 Amendment No. 1. (*rafter's use only) House Amendment Bill No. HB 1341 Insert Page 5 Line 21: 21 (4) A modification to a community redevelopment plan that includes a change in 22 the boundaries of the redevelopment area to add land must be supported by a 23 resolution as provided in s. 163.355:, except that any, contiguous, municipallX 24 owned land that qualifies as a °Brownfields area" defined by s. 376.79 4 Florida 25 Statute, may be added to the boundaries of a community redevelopment agency, 26 if approved by the municipal governing body, without regard to the requirements 27 of s. 163.346, s. 163.355 or any sub -section of s. 163.361, Florida Statute. 28 29 30 02- 254 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Amendment No. 1 (for drafter's use only) CHAMBER ACTION Senate HOUSE AMENDMENT Bill No. HB 1341 House ORIGINAL STAMP BELOW The Committee on Fiscal Policy & Resources offered the following: Amendment (with title amendment) Remove everything after the enacting clause and insert: Section 1. Subsection (3), (7), and (8) of section 163.40, Florida Statutes, is amended to read: Definitions. --The following terms, wherever used or referred to in this part, have the following meanings: (3) "Governing body" means the council, commission,or other legislative body charged with governing the county or municipality. (7) "Slum area" means an area with physical or economic conditions conducive to disease, infant mortality, juvenile delinguency, poverty, or crime because in whicn there is a predominance of buildings or improvements, whether residential or nonresidential, that are impaired which by reason of dilapidation, deterioration, age, or obsolescence, and which area exhibits one or more of the following factors: 1 File original & 9 copies 02/20/02 hft0O06 09:29 am 01341 -fpr -791807 • Amendment No. 1 (for drafter's use only) • HOUSE AMENDMENT Bill No. HB 1341 1 (a) Inadequate provision for ventilation, light, air, 2 sanitation, or open spaces; 3 (b) High density of population, compared to the 4 population density of adjacent areas within the county or 5 municipality,and overcrowding,as indicated by government 6 maintained statistics or other studies and the requirements of 7 the Florida Building Code; or 8 (c) The existence of conditions which endanger life or 9 property by fire or other causes, 10 11 12 detrm e 13 (8) "Blighted area" means an area in which there are 14 e -ate a substantial number of slum,, 15 deteriorated, or deteriorating structures, in which arra 16 conditions as indicated by government -maintained statistics or 17 other studies are leading _ to economic distress or 18 endanger life or property and in which two or more of the 19 following factors are present:other causes or one 20 or more ot 21 arrests t 22 menace to the public health saf-11y, LLLC)ra'l , or welf-ye in its 23 present canditfon nid use. 24 (a) Predominance of defective or inadequate street 25 layout, parking facilities, roadways, bridges or public 26 transportation facilities; 27 (b) Aggregate assessed values of real property in the 28 are for ad valorem tax purposes have failed to show any 29 appreciable increase over the 5 years prior to the finding of 30 such condition; 31 (c)-2-. Faulty lot layout in relation to size, 2 File original & 9 copies 02/20/02 hft0006 09:29 am 01341 -fpr -791807 ®2" 254 • HOUSE AMENDMENT Bill No. HB 1341 Amendment No. 1 (for drafters use only) 1 adequacy, accessibility, or usefulness; 2 (d)-3 Unsanitary or unsafe conditions; 3 (e)A--. Deterioration of site or other improvements; 4 (f)� Inadequate and outdated building density 5 patterns; 6 (g) Falling lease rates per square foot of office, 7 commercial, or industrial space compared to the remainder of 8 the county or municipality; 9 (h)-6-. Tax or special assessment delinquency exceeding 10 the fair value of the land; 11 (i)Residential and commercial vacancy rates higher in 12 the area than the remainder of the count or_municipality; 13 , 14 arra 15 (j) Incidence of crime in the area higher than the 16 remainder of the county or municipality; 17 (k) Fire and emergency medical service calls to the 18 area higher on a proportional basis than the remainder of the 19 county or municipality; 20 (1) Violations of the Florida Building Code in the 21 area higher on a proportional basis than the number of 22 violations recorded in the remainder of the county or 23 municipality; or 24 (m)-8- Diversity of ownership or defective or unusual 25 conditions of title which prevent the free alienability of 26 land within the deteriorated or hazardous area.; --or 27 (b) An area in which theme exists faulty or inadequ-;Lte 28 , 29 bridges, or pubiic transportation taci±ities incapable of 30 lmndling the volume of traftic flow into or through the are 31 eithem at sent or following proposed construction. 3 File original & 9 copies 02/20/02 hft0006 09:29 am 01341 -fpr -791807 02- 254 • Amendment No. 1 (for drafter's use only) • HOUSE AMENDMENT Bill No. HB 1341 1 2 Homcver,For purposes of qualifying for the tax credits 3 authorized in chapter 220, 'blighted area" means an area as 4 defined in this subsection . 5 Section 2. Section 163,355, Florida Statutes, is 6 amended to read: 7 163.355 Finding of necessity by county or 8 municipality. --No county or municipality shall exercise the 9 community redevelopment authority conferred by this part until 10 after the governing body has adopted a resolution, supported 11 by data and analysis, that makes a legislative finding that 12 the conditions in the area meet the criteria described in s. 13 163.340 (7) or (8) . The resolution shall state that-f_i_ft g 14 that. 15 (1) One or more slum or blighted areas, or one or more 16 areas in which there is a shortage of housing affordable to 17 residents of low or moderate income, including the elderly, 18 exist in such county or municipality; and, 19 (2) The rehabilitation, conservation, or 20 redevelopment, or a combination thereof, of such area or 21 areas, including, if appropriate, the development of housing 22 which residents of low or moderate income, including the 23 elderly, can afford, is necessary in the interest of the 24 public health, safety, morals, or welfare of the residents of 25 such county or municipality. 26 Section 3. Subsections (1) and (2) of section 163.361, 27 Florida Statutes, is amended to read: 28 163.361 Modification of community redevelopment 29 plans. -- 30 (1) If at any time after the approval of a community 31 redevelopment plan by the governing body it becomes necessary 4 File original & 9 copies 02/20/02 hft0006 09:29 am 01341 -fpr -791807 02- 254 0 Amendment No. 1 (for drafter's use only) • HOUSE AMENDMENT Sill No. HB 1341 1 or desirable to amend or modify such plan, the governing body 2 may amend such plan upon the recommendation of the agency. The 3 agency recommendation to amend or modify a redevelopment plan 4 may include a change in the boundaries of the redevelopment 5 area to add land to or exclude land from the redevelopment 6 area, or may include the development and implementation of 7 community policing innovations. 8 (2) The governing body shall hold a public hearing on 9 any a proposed modification of a community redevelopment plan 10 after public notice thereof by publication in a newspaper 11 having a general circulation in the area of operation of the 12 agency. 13 (3) In addition to the requirements of s. 163.346, and 14 prior to the adoption of any modification to a community 15 redevelopment plan that expands the boundaries of the 16 community redevelopment area or extends the time certain set 17 forth in the redevelopment plan as required by s. 163.362(10), 18 the agency shall report such proposed modification to each 19 taxing authority in writing or by a verbal presentation, or 20 both, regarding such proposed mortification. 21 (4) A modification to a community redevelopment plan 22 that includes a change in the boundaries of the redevelopment 23 area to add land must be supported by a resolution as provided 24 in S. 163.55. 25 Section 4. Subsection (10) of section 1.63.362, Florida 26 Statutes, is amended to read: 27 163.362 Contents of community redevelopment 28 plan. --Every community redevelopment plan shall: 29 (10) Provide a time certain for completing all 30 redevelopment financed by increment revenues. Such time 31 certain shall occur no later than 30 years after the fiscal 5 File original & 9 copies 02/20/02 hft0006 09:29 am 01341 -fpr -791807 02-;- 254 0 Amendment No. 1 (for drafter's use only) • HOUSE AMENDMENT Bill No. HB 1341 1 year in which the pian is approved, adopted, or amended 2 pursuant to s. 163.361(1). However, for any agency created 3 after July 1, 2002, the time certain for completing all 4 redevelopment financed by increment revenues shall occur no 5 later than 40 years after the fiscal year in which the plan is 6 approved or adopted. 7 Section S. paragraph (a) of subsection (1) of section 8 163.385, Florida Statutes, is amended to read: 9 Issuance of revenue bonds. -- 10 (1)(a) When authorized or approved by resolution or 11 ordinance of the governing body, a county, municipality, or 12 community redevelopment agency has power in its corporate 13 capacity,. in its discretion, to issue redevelopment revenue 14 bonds from time to time to finance the undertaking of any 15 community redevelopment under this part, including, without 16 limiting the generality thereof, the payment of principal and 17 interest upon any advances for surveys and plans or 18 preliminary loans, and has power to issue refunding bonds for 19 the payment or retirement of bonds or other obligations 20 previously issued. For any aaency created prior to.july 1, 21 2002,any redevelopment revenue bonds or other obligations 22 issued to finance the undertaking of any community 23 redevelopment under this part shall mature within 60 years 24 after the end of the fiscal year in which the initial 25 community redevelopment plan was approved or adopted. For any 26 agency created after July 1, 2002, any redevelopment revenue 27 bond or other obligations issued to finance the undertaking of 28 any community redevelopment under this part shall mature 29 within 40 years after the end of the fiscal year in which the 30 initial community redevelopment plan was approved or adopted. 31 However, in no event shall any redevelopment revenue bonds or 6 File original & 9 copies 02/20/02 hft0006 09:29 am 01341 -fpr -791807 02- 254 • Amendment No. 1 (for drafter's use only) • HOUSE AMENDMENT Sill No. HB 1341 1 other obligations issued to finance the undertaking of any 2 community redevelopment under this part mature later than the 3 expiration of the plan in effect at the time such bonds or 4 obligations were issued. The security for such bonds may be 5 based upon the anticipated assessed valuation of the completed 6 community redevelopment and such other revenues as are legally 7 available. Any bond, note, or other form of indebtedness 8 pledging increment revenues to the repayment thereof shall 9 mature no later than the end of the 30th fiscal year after the 10 fiscal year in which increment revenues are first deposited 11 into the redevelopment trust fund or the fiscal year in which 12 the plan is subsequently amended. However, for any agency 13 created after July 1, 2002, any form of indebtedness pledging 14 increment revenues to the repayment thereof shall mature no 15 later than the 40th year after the fiscal year in which the 16 initial community redevelopment plan was approved or adopted. 17 However, any refunding bonds issued pursuant to this 18 paragraph may not mature later than the final maturity date of 19 any bonds or other obligations issued pursuant to this 20 paragraph being paid or retired with the proceeds of such 21 refunding bonds. 22 (b) In anticipation of the sale of revenue bonds 23 pursuant to paragraph (a), the county, municipality, or 24 community redevelopment agency may issue band anticipation 25 notes and may renew such notes from time to time, but the 26 maximum maturity of any such note, including renewals thereof, 27 may not exceed 5 years from the date of issue of the original 28 note. Such notes shall be paid from any revenues of the 29 county, municipality, or community redevelopment agency 30 available therefor and not otherwise pledged or from the 31 proceeds of sale of the revenue bonds in anticipation of which 7 File original & 9 copies 02/20/02 hft0006 09:29 am 01341 -fpr -791807 o� 254 0 Amendment No. 1 (for drafter's use only) • HOUSE AMENDMENT Bill No. HB 1341 1 they were issued. 2 Section 6. Subsections (1) through (8) of section 3 163.387, Florida Statutes, are amended to read: 4 163.387 Redevelopment trust fund. -- 5 (1) After approval of a community redevelopment plan, 6 there shall be established for each community redevelopment 7 agency created under s. 163.356 a redevelopment trust fund. 8 Funds allocated to and deposited into this fund shall be used 9 by the agency to finance or refinance any community 10 redevelopment it undertakes pursuant to the approved community 11 redevelopment plan. No community redevelopment agency may 12 receive or spend any increment revenues pursuant to this 13 section unless and until the governing body has, by ordinance, 14 provided for the funding of the redevelopment trust fund for 15 the duration of a community redevelopment plan. Such ordinance 16 may be adopted only after the governing body has approved a 17 community redevelopment plan. The annual funding of the 18 redevelopment trust fund shall be in an amount not less than 19 that increment in the income, proceeds, revenues, and funds of 20 each taxing authority derived from or held in connection with 21 the undertaking and carrying out of community redevelopment 22 under this part. Such increment shall be determined annually 23 and shall be that amount equal to 95 percent of the difference 24 between: 25 (a) The amount of ad valorem taxes levied each year by 26 each taxing authority, exclusive of any amount from any debt 27 service millage, on taxable real property contained within the 28 geographic boundaries of a community redevelopment area; and 29 (b) The amount of ad valorem taxes which would have 30 been produced by the rate upon which the tax is levied each 31 year by or for each taxing authority, exclusive of any debt 8 File original & 9 copies 02/20/02 hft0006 09:29 am 01341 -fpr -791807 02-- 254 0 Amendment No. 1 (for drafter's use only) HOUSE AMENDMENT Bill No. HB 1341 1 service millage, upon the total of the assessed value of the 2 taxable real property in the community redevelopment area as 3 shown upon the most recent assessment roll used in connection 4 with the taxation of such property by each taxing authority 5 prior to the effective date of the ordinance providing for the 6 funding of the trust fund. 7 8 However, the governing body of any county as defined in s. 9 125.011(1) may, in the ordinance providing for the funding of 10 a trust fund established with respect to any community 11 redevelopment area created on or after July 1, 1994, determine 12 that the amount to be funded by each taxing authority annually 13 shall be Less than 95 percent of the difference between 14 paragraphs (a) and (b), but in no event shall such amount be 15 less than So percent of such difference. 16 (2)(a) Except for the purpose of funding the trust 17 fund pursuant to subsection (3), upon the adoption of an 18 ordinance providing for funding of the redevelopment trust 19 fund as provided in this section, each taxing authority shall, 20 by January 1 of each year, appropriate to the trust fund for 21 so long as any indebtedness pledging increment revenues to the 22 payment thereof is outstanding (but not to exceed 30 years) a 23 sum that is no less than the increment as defined and 24 determined in subsection (1) accruing to such taxing 25 authority, If the community redevelopment plan is amended or 26 modified pursuant to s. 163.361(1), each such taxing authority 27 shall make the annual appropriation for a period not to exceed 28 30 years after the date the governing body amends the plan. 29 However, for any agency created after July 1, 2002, each 30 taxing authority shall make the annual appropriation for a 31 period not to exceed 40 years after the fiscal year in which 9 File original & 9 copies 02/20/02 hft0006 09:29 am 01341 -fpr -791807 0` -� 254 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 • Amendment No. 1 (for drafter's use only) • HOUSE AMENDMENT Bill No. HB 1341 the initial community redevelopment plan was approved or adopted. (b) Any taxing authority that does not pay the increment to the trust fund by January 1 shall pay to the trust fund an amount equal to 5 percent of the amount of the increment and shall pay interest on the amount of the increment equal to 1 percent for each month the increment is outstanding. (c) The following public bodies or taxing authorities 1993, -are exempt from paragraph (a): 1. A special district that levies ad valorem taxes on taxable real property in more than one county. 2. A special district the sole available source of revenue of which is ad valorem taxes at the time an ordinance is adopted under this section. 3. A library district, except a library district in a jurisdiction where the community redevelopment agency had validated bonds as of April 30, 1984. 4. A neighborhood improvement district created under the Safe Neighborhoods Act, S. A metropolitan transportation authority. 6. A water management district created under s. 373.069. (d) For community redevelopment agencies created after July 1, 2002, the following public bodies or taxing authorities_are_exempt from paragraph (a): 1. An independent fire control district as defined in 2. A mosquito control district as defined in s. 388.011. 3. A hospital district created 10 File original & 9 copies 02/20/02 hft0006 09:29 am suant to general law 01341 -fpr -791807 02-- 254 u Amendment No. 1 (for drafter's use only) • HOUSE AMENDMENT Bill No. HB 1341 1 or special act. 2 (e) --d}1. A local governing body that creates a 3 community redevelopment agency under s. 163.356 may exempt 4 from paragraph (a) a special district that levies ad valorem 5 taxes within that community redevelopment area. The local 6 governing body may grant the exemption either in its sole 7 discretion or in response to the request of the special 8 district. The local governing body must establish procedures 9 by which a special district may submit a written request to be 10 exempted from paragraph (a) ., 11 X993. 12 2. In deciding whether to deny or grant a special 13 district's request for exemption from paragraph (a), the local 14 governing body must consider: 15 a. Any additional revenue sources of the community 16 redevelopment agency which could be used in lieu of the 17 special district's tax increment. 18 b. The fiscal and operational impact on the community 19 redevelopment agency. 20 C. The fiscal and operational impact on the special 21 district. 22 d. The benefit to the specific purpose for which the 23 special district was created. The benefit to the special 24 district must be based on specific projects contained in the 25 approved community redevelopment plan for the designated 26 community redevelopment area. 27 e. The impact of the exemption on incurred debt and 28 whether such exemption will impair any outstanding bonds that 29 have pledged tax increment revenues to the repayment of the 30 bonds. 31 f. The benefit of the activities of the special 11 File original & 9 copies 02/20/02 hft0006 09:29 am 01341 -fpr -791807 02- 254 Ll Amendment No. 1 (for drafter's use only) • HOUSE AMENDMENT Sill No. HB 1341 1 district to the approved community redevelopment plan. 2 g. The benefit of the activities of the special 3 district to the area of operation of the local governing body 4 that created the community redevelopment agency. 5 3. The local governing body must hold a public hearing 6 on a special district's request for exemption after public 7 notice of the hearing is published in a newspaper having a 8 general circulation in the county or municipality that created 9 the community redevelopment area. The notice must describe 10 the time, date, place, and purpose of the hearing and must 11 identify generally the community redevelopment area covered by 12 the plan and the impact of the plan, on the special district 13 that requested the exemption. 14 4. If a local governing body grants an exemption to a 15 special district under this paragraph, the local governing 16 body and the special district must enter into an interlocal 17 agreement that establishes the conditions of the exemption, 18 including, but not limited to, the period of time for which 19 the exemption is granted. 20 S. If a local governing body denies a request for 21 exemption by a special district, the local governing body 22 shall provide the special district with a written analysis 23 specifying the rationale for such denial. This written 24 analysis must include, but is not limited to, the following 25 information: 26 a. A separate, detailed examination of each 27 consideration listed in subparagraph 2. 28 b. Specific examples of how the approved community 29 redevelopment plan will benefit, and has already benefited, 30 the purpose for which the special district was created. 31 6. The decision to either deny or grant an exemption 12 File original & 9 copies 02/20/02 hft0006 09:29 am 01341 -fpr -791807 02- 254 • Amendment No. 1 (for drafter's use only) • HOUSE AMENDMENT Bill No. HB 1341 1 must be made by the local governing body within 120 days after 2 the date the written request was submitted to the local 3 governing body pursuant to the procedures established by such 4 local governing body. 5 (3) Notwithstanding the provisions of subsection (2), 6 the obligation of the governing body which established the 7 community redevelopment agency to fund the redevelopment trust 8 fund annually shall continue until all loans, advances, and 9 indebtedness, if any, and interest thereon, of a community 10 redevelopment agency incurred as a result of redevelopment in 11 a community redevelopment area have been paid. 12 (4) The revenue bonds and notes of every issue under 13 this part are payable solely out of revenues pledged to and 14 received by a community redevelopment agency and deposited to 15 its redevelopment trust fund. The lien created by such bonds 16 or notes shall not attach until the revenues referred to 17 herein are deposited in the redevelopment trust fund at the 18 times, and to the extent that, such revenues accrue. The 19 holders of such bonds or notes have no right to require the 20 imposition of any tax or the establishment of any rate of 21 taxation in order to obtain the amounts necessary to pay and 22 retire such bonds or notes. 23 (S) Revenue bonds issued under the provisions of this 24 part shall not be deemed to constitute a debt, liability, or 25 obligation of the Local governing body or the state or any 26 political subdivision thereof, or a pledge of the faith and 27 credit of the local governing body or the state or any 28 political subdivision thereof, but shall be payable solely 29 from the revenues provided therefor. All such revenue bonds 30 shall contain on the face thereof a statement to the effect 31 that the agency shall not be obligated to pay the same or the 13 File original & 9 copies 02/20/02 hft0006 09:29 am 01341 -fpr -791807 02- 254 HOUSE AMENDMENT Bill No. HB 1341 Amendment No. 1 (for drafter's use only) 1 interest thereon except from the revenues of the community 2 redevelopment agency held for that purpose and that neither 3 the faith and credit nor the taxing power of the local 4 governing body or of the state or of any political subdivision 5 thereof is pledged to the payment of the principal of, or the 6 interest on, such bonds. 7 (6) Moneys in the redevelopment trust fund may be 8 expended from time to time for the following purposes, when 9 directly related to financing or refinancing of redevelopment 10 in a community redevelopment area pursuant to an approved 11 community redevelopment plan: 12 (a) Administrative and overhead expenses necessary or 13 incidental to the implementation of a community redevelopment 14 plan adopted by the agency. 15 (b) Expenses of redevelopment planning, surveys, and 16 financial analysis, including the reimbursement of the 17 governing body or the community redevelopment agency for such 18 expenses incurred before the redevelopment plan was approved 19 and adopted. 20 (c) The acquisition of real property in the 21 redevelopment area. 22 (d) The clearance and preparation of any redevelopment 23 area for redevelopment and relocation of site occupants as 24 provided in s. 163.370. 25 (e) The repayment of principal and interest or any 26 redemption premium for loans, advances, bonds, bond 27 anticipation notes, and any other form of indebtedness. 28 (f) All expenses incidental to or connected with the 29 issuance, sale, redemption, retirement, or purchase of agency 30 bonds, bond anticipation notes, or other form of indebtedness, 31 including funding of any reserve, redemption, or other fund or 14 File original & 9 copies 02/20/02 hft0006 09:29 am 01341 -fpr -791807 ® "" 254 0 HOUSE AMENDMENT Sill No. HB 1341 Amendment No. 1 (for drafter's use only) 1 account provided for in the ordinance or resolution 2 authorizing such bonds, notes, or other form of indebtedness. 3 (g) The development of affordable housing within the 4 area. 5 (h) The development of community policing innovations. 6 (7) On the last day of the fiscal year of the 7 community redevelopment agency, any money which remains in the 8 trust fund after the payment of expenses pursuant to 9 subsection (6) for such year shall be: 10 (a) Returned to each taxing authority which paid the 11 increment in the proportion that the amount of the payment of 12 such taxing authority bears to the total amount paid into the 13 trust fund by all taxing authorities within the redevelopment 14 area for that year; 15 (b) Used to reduce the amount of any indebtedness to 16 which increment revenues are pledged; 17 (c) Deposited into an escrow account for the purpose 18 of later reducing any indebtedness to which increment revenues 19 are pledged; or 20 (d) Appropriated to a specific redevelopment project 21 pursuant to an approved community redevelopment plan which 22 project will be completed within 3 years from the date of such 23 appropriation. 24 (8) Each community redevelopment agency shall provide 25 for an independent financial audit of the trust fund each 26 fiscal year and a report of such audit. such report shall 27 describe the amount and source of deposits into, and the 28 amount and purpose of withdrawals from, the trust fund during 29 such fiscal year and the amount of principal and interest paid 30 during such year on any indebtedness to which is pledged 31 increment revenues and the remaining amount of such 15 File original & 9 copies 02/20/02 hft0006 09:29 am 01341 -fpr -791807 02- 254 • HOUSE AMENDMENT Bill No, HB 1341 Amendment No. 1 (for drafter's use only) 1 indebtedness. The agency shall provide a copy of the report 2 to each taxing authority. 3 Section 7. Amendments to part III to chapter 163, 4 Florida Statutes, as provided_by this act, do not apply _to any 5 ordinance or resolution authorizing the issuance of any bond, 6 note, or other form of indebtedness to which are pledged 7 increment revenues pursuant to a community development plan, 8 or amendment or modification thereto, as approved or adopted 9 before January 1, 2003. 10 Section 8. Amendments to part III to chapter 163, 11 Florida Statutes, as provided by this act, are not intended to 12 impair any ordinance, resolution, interlocal or written 13 agreement effective prior to July 1, 2002, that provides for 14 the delegation of community redevelopment powers. 15 Section 9. This act shall take effect July 1, 2002. 16 17 18 ________________ T I T L E A M E N D M H N T=--_--_________ 19 And the title is amended as follows: 20 On page 1, lines 15 through 18 21 remove: all of said lines 22 23 and insert: 24 amending 163.387, F.S.; specifying the time 25 period for appropriations to the redevelopment 26 trust fund; revising provision relating to 27 exemption for public bodies or taxing 28 authorities; providing for applicability; 29 providing an effective date. 30 31 16 File original & 9 copies 02/20/02 hft0006 09:29 am 01341 -fpr -791807 02- 254 PRISCILLA A. THOMPSON City Clerk .lune 21, 2002 The Honorable Jeb Bush, Governor The Capitol Tallahassee, FL 32309 zehr..i .rf 4n-ar p V CARL(?S A_ (11MEM i Nuii HIM Cith Man,iger RE: CITY OF MIAMI RESOLUTION NO.: 02-254 Dear Governor Bush: Enclosed please find a copy of Resolution No.: 02-254 which was passed and adopted by the City of Miami Commission at its meeting -on March 7, 2002. This legislation is being forwarded to you for your information and files, Sincerely, Priscilla A. Thom son p City Clerk PAT/yd Enc.: R-02-254 C: The Honorable John M. McKay, President of the Florida Senate The Honorable Tom Feeney, Speaker of the Florida House of Representatives The Honorable Paula Bono Dockery, District Representative The Honorable Members of the Miami -Dade County Legislative Delegation 0FFIC L 0F THF CITY CLERK/ 3500 Pan American Drive/P.O. Box 330708/Miami, FL 33233/(305) 150-5360/FAX: (305) 858-1010