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Home My WebLink AboutR-02-1328J-02-1067 12/11/02 02-1328 RESOLUTION NO. A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ADOPTING THE COMMUNITY REDEVELOPMENT AGENCY ("CRA") OPERATING BUDGET, AND THE OMNI AND SOUTHEAST OVERTOWN/PARK WEST TAX INCREMENT FUNDS PROJECTS AND PROGRAMS BUDGETS, ATTACHED AND INCORPORATED AS "EXHIBIT A," IN THE FORMAT AS REQUESTED BY MIAMI-DADE COUNTY; FURTHER DIRECTING THE CRA TO TRANSMIT A COPY OF THE HEREIN RESOLUTION TO MIAMI-DADE COUNTY. WHEREAS, Resolution No. 02-1075 adopted September 26, 2002, adopted the Community Redevelopment Agency Operating Budget and the Omni and Southeast Overtown/Park West Tax Increment Funds Budgets; and WHEREAS, Miami -Dade County has requested that the Community Redevelopment Agency's budget be submitted in a specific format; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: CITY COD=SION IMMETING OF DEC 1 2 20NZ Resolution W. n2 -x.828 Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section. Section 2. The Community Redevelopment Agency ("CRA") Operating Budget, and the Omni and Southeast Overtown/Park West Tax Increment Funds Projects and Programs Budgets, attached and incorporated as "Exhibit A," are adopted in the format requested by Miami -Dade County. Section 3. The CRA is directed to transmit a copy of the herein Resolution to Miami -Dade County. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.'/ 1� 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 02-1328 PASSED AND ADOPTED this 12th day of ATTEST: (344,6u A..ffo- d' PRISCILLA A. THOMPSON CITY CLERK APPROVE S Tg J. RM AND CORRECTNESS C IXY ATTORNEY W6777:tr:AS:BSS December , 2002. *4*lft MANUEL A. DIAZ, Page 3 of 3 02-1328 Electronic Excel Form y of Miami Omni Redevelopment Area C".,munity Redevelopment Agency FY 2002 - 2003 Proposed Budget Prepared August 2002 - FY 00-01 FY 00-01 FY 01-02 City Tax Increment Revenue County Tax Increment Revenue Carryover from prior year All other revenues (name) Transfers in from others (name) Interest earnings 'Revs Total ' .. Administrative Expenditures: Employee salary and fringe Contractual services Insurance Audits and studies Printing and publishing Marketing Advertising and notices Travel EXHIBIT A FY 01-02 FY 02-03 $624,295 $624,295 $1,015,786 $1,015,786 $2,014,417 $403,192 $393,449 $618,663 $618,663 $1,287,952 $150,000 $900,000 $900,000 $500 $0 P -gating Expenditures: nployee salary and fringe $51,496 $32,171 contractual services 00 $25,087-1- $28,194 $19,596 $19,/596 $24,600 87 „ .:., {$]47,557 $1 i-VGi5,�3f} 1 �y ..:$L3 4i ' , .: „$2*554}0445 .,.' "W" Rent/lease costs Office equipment and furniture Contribution to general fund (A) Subtotal Admin Expenses $2,500 $500 $0 P -gating Expenditures: nployee salary and fringe $51,496 $32,171 contractual services $9,357 $28,194 $12,450 Insurance Audits and studies (Redevelopment Plan Printing and publishing Marketing Special events Legal services/court costs Land/building acquisitions Infrastructure improvements Building construction & improves $43,600 $42,002 $805,856 Debt service payments Redevelopment grants given out $80,000 Redevelopment loans issued out Transfers out Dade County (PAC B $1,027,467 $1,017,744 $1,430,000 Other Oper. Expenses (attach list) (B) Subtotal Oper. Expenses $1,131,920 $1,120,112 $2,328,306 (C) Reserve/Continaencv $68.047 $0 $225,739 acts: :ct name;include begin/end dates Project name;include begin/end dates Project name;include begin/end dates Project name;include begin/end dates Additional projects - attach list Total project dollars here: Fff 917 $80,000 $150,1 $1,430,000 $1,430,0 Redevelopment Projects List FY 00-01 FY 00-01 FY 01-02 FY 01-02 FY 02-03 Planned Actual Planned Projected Proposed EXHIBIT A Electronic Excel Form City of Miami Southeast Overtown/Park West Redvelopment Area Community Redevelopment Agency FY 2001 - 2003 Proposed Budget Prepared August 2002 FY 00-01 FY 00-01 FY 01-02 FY 01-02 FY 02-03 City Tax Increment Revenue $574,104 $574 County Tax Increment Revenue $370,758 $344 Carryover from prior year $1,357 All other revenues -Rental Property $79 Transfers in from others (name) $2,250,000 Interest eamings 1 1 $124 Administrative Expenditures: Employee salary and fringe Contractual services Insurance Audits and studies Printing and publishing Marketing Advertising and notices Travel Rent/lease costs Office equipment and furniture Other Admin. Exps (attach list) (A) Subtotal Admin Expenses Operating Expenditures: Employee salary and fringe Contractual services Insurance Audits and studies,(Redevelopment Printing and pub6§hing Marketing Special events Legal services/court costs Land/building acquisitions ; Infrastructure improvements Building construction & improve Debt service payments Redevelopment grants given out Redevelopment loans issued out Contribution to general fund C Other Oper. Expenses (attach list) (B) Subtotal Oper. Expenses C 100,000 104 $897,7411 $897,7411 $1,587,461 280 $548,4511 $548,4511 $1,014.952 746 $76,7461 $60,000 64,000 $920,292 $1,024,725 $1,024,725 $630,000 n $300,000 $85,000 11,200 $61,100 $2,420,000 $2,420,000 63,062 $715,885 $600.000 S600.0001 VMS R79 $51,0001 $51,000 $315,000 $55,0001 $55,000 $543,172 1.848.8771 $4.21 r ww Page 1 of 2 02-1328 Projects; Project name;include begin/end dab Project name;include begin/end dab Project name;include begin/end dab Project name;include begin/end dab Additional projects - attach list Total project dollars here: EXHIBIT A Redeveiopment Projects List FY 00-01 FY 00-01 FY 01-02 FY 01-02 FY 02-03 Planned Actual Planned Projected Proposed Page 2 of 2 02-1.328 CITY %- AAMI COMMUNITY REDEVELOPMENT AGENCY PROJECT PROGRAMS SUMMARY FISCAL YEAR 2002-2003 9 Parking beneath 1.395 10 Parking beneath 1-395 11 Redevelopment area fencing 12 Omni Marketing & Promotion Plan 13 Update of the Omni Redevelopment Plan 14 Completion of the SEOPW Redevelopment Plan Total F =FUNDED PF =PARTIALLY FUNDED OF = UNFUNDED 11th Street Improvements (Q SLOM/mile) Planning and Design Construction Construction Planning Planning Planning Recap by funding source SEOPW OMNI CDBO Section 108 Construction 350,000 F 3,500,000 OF 2,000,000 PF 350,000 F 250,000 F 250,000 F 12,110,000 4,010,000 600,000 3,500,000 4,000,000 12,110,000 (If Avallable) Funding Source Account Number CDBG 799125 SEOPW TIF 689005.550013.6.940 & 799125. Estimated Funding Prolect Description Activity cost Status 1 9th Street Mall CRA Phase 11 Construction s 3,500,000 F SEOPW TIF Section 108 2 Commercial Revitalization Program Technical Assistance & Construction t 420,000 F 3 Food Franchise - Planning Planning & Technical Assistance 15,000 F 4 Food Franchise Construction 300,000 PF 5 11th Street Improvements (Biscayne Blvd. to NW 5th Ave) Planning & Design 350,000 PF 6 Artist in Residence (Divine Mission) Planning & Design 150,000 F 7 Commercial Equipment Loan Program Loan program 175,000 F 8 Miami Skills Center Planning & Design 500,000 PF 9 Parking beneath 1.395 10 Parking beneath 1-395 11 Redevelopment area fencing 12 Omni Marketing & Promotion Plan 13 Update of the Omni Redevelopment Plan 14 Completion of the SEOPW Redevelopment Plan Total F =FUNDED PF =PARTIALLY FUNDED OF = UNFUNDED 11th Street Improvements (Q SLOM/mile) Planning and Design Construction Construction Planning Planning Planning Recap by funding source SEOPW OMNI CDBO Section 108 Construction 350,000 F 3,500,000 OF 2,000,000 PF 350,000 F 250,000 F 250,000 F 12,110,000 4,010,000 600,000 3,500,000 4,000,000 12,110,000 (If Avallable) Funding Source Account Number CDBG 799125 SEOPW TIF 689005.550013.6.940 & 799125. SEOPW TIF 689001.550108.6.270 SEOPW TIF 689001.550108.6.940 SEOPW TIF 689001.550108.6.270 SEOPW TIF 689001.550108.6.270 SEOPW TIF & OMNI TIF 689001.550108.6.940 & 686001,590320.6.940 SEOPW TIF Section 108 SEOPW TIF 689001.550108.6.270 CDBG Section 108 SEOPW TIF & OMNI TIF 689001.550108.6.940 & 686001.590320.6.940 OMNI TIF 686001.590320.6.690 OMNI TIF 686001.590320.6.270 SEOPW TIF 689001.550108.6.270 3,000,000 OF Bond Issue Bond Trust Fund Resurfacing of 3rd Ave between 8th -14th (C $IOOK/mile) Construction 500,000 OF Bond Issue Bond Trust Fund Grand Promenade Improvements P D E & Construction 2,500,000 OF Bond Issue Bond Trust Fund NET Office & Meeting/Banquet Facility P D E & Construction 3,000,000 OF Bond Issue Bond Trust Fund 9,000,000 1 Funding based on the return of en advance to FOOT in the amount of 55110,000 (the difference will have priority allocation to the Community Revitalization Project - 3rd Avenue Businesses) Bond Issue - balance of issue $10.5 anticipate that $1.5 will be allocated for issuance cost and reserve requirements X01 Comments Pending Environmental impact Based on project delay project expenses will require updating of construction figures & possibly renegotiate Grants to businesses Pending contract negotiations Pending contract negotiations Needs to be assigned to CRA consultant Pending assessment plan Pending finalization of policy Pending loan application Pending JPA with FDOT/coordination with DOSP Pending loan application Pending final agreements Requires issuance of RFP Rollover Pending final authorizations from primary government & actual issuance Pending final authorizations from primary government & actual issuance Pending final authorizations from primary government & actual issuance Pending final authorizations from primary government & actual issuance :Y i EXHIBIT A CITY OF MIAMI COWJUNITY REDEVELOPMENT AGENC OPERATING BUDGET FOR FISCAL YEAR 2002-2003 Budgeted Funding Source Descrintion Amount General Fund SEOPW OMNI Salaries & Benefits: Classified 126, 726. 126,726 Unclassified 643,566 494,336 Allowances 63,600 - 33,072 30,528 Severance Pay 6,211 3,230 2,981 Social Security Contribution 64,268 45,626 3,757 3,468 Group Health Insurance 45,000 23,400 21,600 Workers Compensation 1,553 807 745 Unemployment Compensation 6,211 3,230 2,981 Tuition Reimbursement 4,000 2.080 1,920 Employee Parking 14,625 7,605 7,020 975,759 666,688 77,181 71,244 160,646 Administrative Expenses: Clerk of the Board 49,000 29,400 19,600 General Counsel (with support) - 96,388 64,258 Special Counsel (incl. litigation) - - Professional Services 125.000 65,000 60,000 Other Contractual 25,000 13,000 12,000 Accounting (non audit related) 35,000 18,200 16,800 Accounting & Audting Svcs. 40,000 20,800 19,200 Insurance -Liability 25,000 13,000 12,000 Rent - Buildings 99,150 51,558 47,592 Communication Expenses 15,000 7,800 7,200 Visitors Parking 5,375 2,795 2,580 Travel Training /Per Diem 15,000 7,800 7,200 / 433,525 325,741 268,430 Operating Expenses: Printing/Binding 45,000 22,500 22,500 Advertising 107,100 53,SSO 53,550 Equipment Rental/Leases (Operating) 35,000 17,500 17,SOO Equipment Rental/Leases (Capital) - Postage 1,000 500 Soo Delivery Services 8,500 4,250 4,250 Repairs/Maintenance 5,400 2,700 2,700 Office Supplies 8,500 4,250 4,250 Food/Beverages 5,000 2,500 2,500 Miscellaneous supplies 5,000 2,500 2,500 Page 1 of 2 02-1328 CITY OF MIAMI COMMUNITY REDEVELOPMENT AGENC z OPERATING BUDGET FOR FISCAL YEAR 2002-2003 Budgeted Description Amount Materials and Supplies 50,000 Books, Publication Memberships 10,000 280,500 1,689.784 General Fund 666,688 EXHIBIT A Funding Source SEOPW OMNI 25,000 25,000 5,000 5,000 140,250 140,250 543,172 479,924 Page 2 oft 02-1328 Revenues 026006 749 Gain/Loss Investments 055006 001 Taxes Real current 070 Rental Properties 094 Interest on investment 264 Property Sale 310 Contribution from Other -County 749 Gain/loss on investments 990 Other -non operating Appropriated Fund Balance Total revenues Ch. _ _ x"03 Proposed Budget SEOPW TIF Additional Description City portion of the tax increment Block 56- Vectour site Interest on existing cash reserces Sales of the Park Place leasehold interest County poriton of the tax increment Gain/loss on investment of cash reserves Other non specified CRA employees & City Unclassified employees Social Security @ 7.65% Appraisal Services Planning & Architectural services Engineering services Outside legal services Services not otherwise specified Accounting and Auditing services Required public notices & advertising City Clerk costs (outsourced) Other non professional services CRA's portion of debt service pmt. For 1990 Bonds Operating lease agreement for equipment Page I of 2 FY '02 Amended 897,741 52,880 81,456 2,213,500 548,451 12,000 287 500,000 4,306,315 FY '03 Proposed 1,587,461 60,000 1,014,952 2,662,413 4,306,315 2,662,413 5,000 Expenditures 010 Salaries unclassified 100 Social Security Contrib. 220 Professional svc. - appriasal 230 Professional svc. - Architectual (Planning) 240 Professional svc. -Engineering 250 Professional svc. - legal 270 Professional svc. - other 280 Professional svc. - accounting 287 Advertising 289 Special Svc. - miscellaneous 340 Other contractural svcs. xxx Fannie Mae loan application fee xxx Fannie Mae - collateral acct (restricted cash) 602 Interest expense 610 Rent of equipment - outside Ch. _ _ x"03 Proposed Budget SEOPW TIF Additional Description City portion of the tax increment Block 56- Vectour site Interest on existing cash reserces Sales of the Park Place leasehold interest County poriton of the tax increment Gain/loss on investment of cash reserves Other non specified CRA employees & City Unclassified employees Social Security @ 7.65% Appraisal Services Planning & Architectural services Engineering services Outside legal services Services not otherwise specified Accounting and Auditing services Required public notices & advertising City Clerk costs (outsourced) Other non professional services CRA's portion of debt service pmt. For 1990 Bonds Operating lease agreement for equipment Page I of 2 FY '02 Amended 897,741 52,880 81,456 2,213,500 548,451 12,000 287 500,000 4,306,315 FY '03 Proposed 1,587,461 60,000 1,014,952 2,662,413 4,306,315 2,662,413 5,000 10,000 - 665,000 - 100,000 - 85,000 884,935 80,000 40,000 - 5,000 - 150,000 75,000 6,000 - 57,675 67,000 690 Promotional activities 810 Land 840 Equipment 860 Construction in progress 940 Other grants and aids xxx Contribution to Commercial Revitalization Pro ct 945 Loans xxx Contribution to CRA Operations 996 Budget Reserve Total expenditures CRA FY'03 Proposed Budget SEOPW TIF Promotional activities related to programs/projects Property acquisition expenses New equipment purchses Construction expenses (bricks & mortar) Authorized grants to community buisness/groups etc. Res 00-74 for $420,000 in grants to 3 businesses Authorized loans to community business/groups etc. CRA Operations Budgeted reserves from tax increment proceeds Notation: The CRA anticipates minimum carryovers from the FY'02 in the amount of $2,146,137 Land acquisition Budget Reserve O i l� C� 00 Pa- ^ of 2 2,420,000 1,500 600,000 51,000 55,000 30,205 4,306,315 2,060,932 85,205 2,146,137 25,000 306,879 165,000 150,000 543,172 390,362 2,662,413 Revenues 059320 001 Taxes real current Contribution from gov't - County 310 Appropriated Fund Balance Index 059320 059322 094 Interest on Investments 749 Gain/Loss on investments Total revenues Expenditures 590320 010 Salaries unclassified 100 Social Security Contrib. 220 Professional svcs. - Appraisal 230 Professional svcs. -Architectural 240 Professional scvs. -Engineering 250 Professional scvs. -Legal 270 Professional svcs.-other 280 Professional svcs. -Accounting & auditing 287 Advertising 289 Special Svc. - miscellaneous 470 Entertainment 690 Promotional activities 860 Construction in progress 905 Intergovernmental charges 940 Grants in aid (Business incentive program) Contribution to CRA Operations 996 Budget reserve Total expenditures Cl.. _ - Y'03 Proposed Final Budgey OMNI TIF Additional Description \City of Miami portion of tax increment County portion of tax increment Carryover of prior year fund balance CRA employees & City Unclassified employees Social Security @ 7.65% Appraisal Services Planning & Architectural services Engineering services Outside legal services Services not otherwise specified Accounting and Auditing services Required public notices & advertising City Atty/City Clerk costs (outsourced) Per diem expenses for invited guests of the Omni CRA Promotional activities related to programs/projects Construction expenses (bricks & mortar) Contrib. to Performing Arts Center Bonds per 1996 Interlocal Agreement Authorized grants to community buisness/groups etc. General operating expenses Budgeted reserves from tax increment proceeds Page I of 2 FY '02 Amended 1,015,786 618,663 900,000 2,534,449 23,934 (4,339) 19,595 2,554,044 FY'03 Proposed 2,014,417 1,287,952 3,302,369 30,000 (5,400) 24,600 3,326,969 5,000 253,328 50,340 - 40,000 10,000 12,577 2,450 805,856 1,430,000 80,000 225,739 2,554,045 5,000 352,460 1 52,850 1,430,000 150,135 2 479,924 495,355 3,326,969 CRA FY'03 Proposed Final Budgey OMNI TIF Notation: The CRA anticipates minimum carryovers from the FY'02 in the amount of $225,000 Budget Reserve 225,738 225,738 OMNI - Promotional/Respositioning Initiatives (a) Jazz and Blues District activity pending final recommendation from the City's Planning Department and final action by City Commission (b) Promotion & Incentives for film activity & special events within OMNI i.e. use of Big Time Studios (CRA Omni Reso. # 02-34) (c) Marketing Campaign to position/re-position CRA as a Jaz & Blues desitination (i) Advertising in Jazz & Blues industry publications (ii) Re -positioning is designed to achieve pluralistic & cultural diversity in the Omni Business Incentive Program - provides assitance to local business owners to defray costs i.e. WASA & FPL assessments Pr, ^ of 2 CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM TO: Chairman Tomas Regalado and Members of the City Commission FROM: Annette Lewis Acting Executive Director City of Miami CRA RECOMMENDATION: 41A DEC - 2 2002 DATE: FILE: SUBJECT: CRA FY'03 budgets in Miami- Dade County OCED format REFERENCES: Resolution and ENCLOSURES: supporting documents It is respectfully recommended that the City Commission adopt the attached resolution adopting the (CRA) Operating, Omni and Southeast Overtown/Park West TIF Projects and Programs budgets for fiscal year 2002-2003 in the format requested by Miami Dade County's Office of Community and Economic Development. BACKGROUND: Miami -Dade County's Office of Community and Economic Development (OCED) has a prescribed format for budget submissions for the Redevelopment Agencies within its purview. The City of Miami Community Redevelopment Agency wishes to comply by submitting its FY'03 budget in said format. 02-1328