The URL can be used to link to this page

Home My WebLink AboutR-01-1021J -01-x.060 09/25/01 Rr.SOLUTI.ON NO. 0 1. -10 .� A RESOLUTION Or' THE MIAMI CITY COMMISSION, WITII ATTACHMENT(S), APPROVING AND ADOPTING THE AMENDED BUDGET FOR THE OMNI COMMUNITY REDEVELOPMENT AGE14CY FOR FISCAL YEAR 2001, ATTACHFD HERETO AS "EXHIRTT A" AND MADE A PART HEREOF. WHEREAS, the City of Miami approved and adopted the Omni Area Redeve1opment Plan Pursuant to Reso.Lution Nos. 86-868 arid 86-607; and WHEREAS, the Omni. Corrlmunizy Redevelopmen- Agency (the "Omni CRA") is responsible for carrying out: colrimunity recievelopment activities and projects in the Omni Redevelopmer:t Area; and WHEREAS, on July :30`'', 2001, the Board of Directors ot: the Omni CRA approved its Amended Budget for Fiscal Year 2001. to ref_lecr_ standard routine TTlid-year adjustments; and WHEREAS, the City Commission wishes t:o approve and adopt the Amended Fiscal. Year. 2001 Budget for the Omni CRA attached hereto as "E;xhibi _ A" and made as part hereof; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OP THE CITY OF MIAMI, FLORIDA: �!� r. 4 ti'i.. Lam. L� ter.. •1. ..L .1 :�a' CITY COly 11SS10H r�>ra rmc; 6r I. r" '? ri ?001 it..u.,�ltution 110. 00:1. 1021!. Section I. The recitals and findings contained in the Preamble to this Reso1uti.on are: adopted by reference and incorporated as if fully scat in this Section. Section 2. The Amended Capital Projects and Programs Budget for. Fiscal Year 2001 for Lhe Omni Community Redevelopment Agency, attached hereto as "Exhibit A" acid made a part hereof, is approved and adopted. Sec 0-1 on 3. This Resolution shall. become effecLi.vice immediately upon its adoption and si.griature of the Mayor.l PASSED AND ADOPTED Lhi.s 25th day of _April __---, 2007.. JOE CAROLLO, MAYOR In accordance with Minimi COdc, Sec. 2-3'_>, •in('e thc` IVIvOl' VIA 110t i+tdic [te ;ahnrovaI of this legislation by signing ii*i thc.) c;c� .ita�[ ,t�:11 pljr;c: pievidecl, said legislation now becomes efrective wiik iiia o!aty�e of ten (10) (kqo. from t'[rc date; of cr..tntnis:;ion a-aiioll regarding same, without tiro: vc,te. Wal r J. Foeman, City Clerk WALTER J. F OEMAN CITY CLF RK APPROV TO ;FO AND C'ORREC'PNESS : VILARELLO K A'T'TORNEY 873:dd:kdw "i does riot: sign this I?esolution, iL ""hall become effective at the end o1 ten calendar days from Che date it was pas!3e and adoptod. Tf the Mayo:: vuLoes thin ttosolution, . r shallbecorno e.f.rc:ctive immedi.c:jtc.} y anon over. r. i.de of the v�: to by t io City Commissio). Page 2 of 2 U.1. -x.021 CIT, ;Mi COMMUNITY REDEVELOPMENT AGENCY d".r St'"' OMNI Trust Fund - Fiscal Year 2001 Fuily, Sources 99 Adopted Fr2000 Modified Adopted YTD MOOD FY 2001 05/11/2000 Estimate FY 2001 $ 25,000 Tax Increment Revenues -City Tax Increment Revenues -County 517,335 $ 517,335 S 624,295 S 624.2F 57 -S 924,295 Difference $ City of Miami- Parking Revenue 317,382 _ 585,668 403,172 393.449 _ 393,449 (9,723) Permitting & Developmental Fees - 3MP _ 1,832.803 Deb! Se Service 1,164,183 Interest on investment Rental 41,370 91,712 25,000 29,492 35,000 10,000_ Guaranteed Entitlement 150,000 - - City at Miami _ - - interlocal Agreement - General Assistance 26,428 _ - Interlocal Agreement - CDBG Support - 85,000 85,000 Prlor year carryover and reimbursement 3rd Avenue Business Corridor - 1,990,786 1,516,424 150,000 - 533,566 383,566 HOPWA - - CDBG Projects - 1995 Special Non Ad Valorem Revenue Bonds Section 108 Loan - Transfers Florida Inland Navigation District Grant/SAFE (400,000) 570,799 - 1,005,237 1,005,237 CLUC Project (LaredofRe-Use Plan) HOME (Homeownership Counseling & Queliflcalion) Grants to Existing Businesses - - Community Development Block Grant -Year 1 - Unfunded Community Development Block Grant -Year 2 - Unfunded Fannie Mae - - - Total Funding $3,084.098 22,711,159 31,202,467 51,047,236 32.676.547 $1,474.080 ltxoanditures Salaries & Fringe Benefits Operating Expenses (See Notes) a S 68,353 S 34,507 S 68,353 $ 20,149 $ 25,000 S (43,353) Furniture, Fbdures and Equipment - - 875 1,000 1,000 ProjeclsandPrograms CountyileriocalAgreeme.rt - 1,336,149 916,450 26,683 1,632,803 1,832.803 Deb! Se Service 1,164,183 1,550,202 1,027.467 1,017,744 1,017,744 (9,723) Budget Reserve Fannia Mae Reserve 475,433 150,000 1 D6,647 ' (106,547) Transfers - - Total Expenditures$3,064,098 $2,711,159 $1,202,467 51,055,251 $2,676,547 41,474.080 Funding Sources ow,xf (Under) Expenditures I p SO SO (S18 015) $0 5D 0512012001 11 A9 AM • • • BACK UP INFORMATION .I'T'EM B CITY OF MIAMI, FLORIDA ITEM 4 INTEROFFICE MEMORANDUM TO: Chairman Teele and DATE: July 30, 2001 FILE Members of the CRA Board SUBJECT: OMNI/CRA Budget FY 2001 FROM: Dlpak M. Parekh REFERENCES: Executive Director ENCLOSURES: Resolution & Budget RECOMMENDATION It is recommended that the Community Redevelopment Agency (CRA) Board of Directors approve the attached resolution and transmit to the City of Miami Commission the Adjusted Budget for fiscal year 2001 for the OMNI Community Redevelopment Agency (OMNI CRA). BACKGROUND The modifications are based on standard routine adjustments, which consist of the following revisions frorn the adopted budget approved by the CRA Board of Director's on September 18th, 2000. Item Adopted Modified Difference Revenues: Transfers 0 $I,005,237 $1,00.5,237 Prior Year Carryover 150,000 533,566 383,566 Other 428,172 513,449 85,277 Sub -Total $578,172 $2,052.252 $1,474,080 Expenditures: Projects & Programs 0 $1,632,803 $1,632,803 Other 1,202,467 1,043,744 (158,723) Sub -Total $1,202.467 $2,676,547 $1,474,080 Funding Source: N/A Account Number: N/A 01 10 i ITEM 4 OMNI/CRA RESOLUTION NO, OMNUCRA A RESOLUTION OF THE BOARD OF DIRECTORS OF TILL COMMUNITY REDEVELOPMENT . AGENCY ("CRA") APPROVING AND TRANSMITTING AN AMENDMENT TO THE FISCAL YEAR 2001 BUDGET ATTACHED . HERETO AS EXTIIBIT "A" AND MADE A PART HEREOF (THE "AMENDED BUDGET"). WHEREAS, the City of Miami approved and adopted the Omni Area Redevelopment Plan pursuant to Resolution Nos. 86-868 and 86-607 (the "Redevelopment Plan"); and WHEREAS, the CRA is responsible for carrying out community redevelopment activities and projects in the Omni Redevelopment Area (the "Redevelopment Area") established pursuant to the Redevelopment Plan; and WHEREAS, the CRA desires to approve and transmit to the City of Miami the Amended Budget NOW, THEREFORE, BE IT RESOI.,VED BY THE BOARD OF DIRECTORS OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA Section 1. The recitals and findings contained in the Preamble to this Resolution are incorporated herein as if fully set forth in this Section. Section 2. The Board of Directors of CRA hereby approves the Amended Budget attached as Exhibit A and incorporated herein by reference. Section 3. The resolution shall be effective upon its, adoption. PASSED AND ADOPTED on this 301" day of July, 2001. Arthur E. Teele, Jr., Chairman ATTEST. Walter J. Foeman, City Clerk APPROVED AS TO FORM AND CORRECTNESS: Alejandro Vilarello City Attorney ITEM 4 OMNI/CRA