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Home My WebLink AboutR-01-1023J-01-1 058 09/25/01 RESOLUTION NO. 01' " l0 2 A RESOLUTION OF THE MIAMI CI`1'Y COMMISSION, WITH ATTACHMENT(S), ACCE?TING THE'' OMNI COMMUNITY REDEVELOPMENT AGENCY BUDGET FOR FTSCA.L YEAR COMMENCING OCTOBER 1., 2001 AND ENDING SEPTEMBER 30, 2002, ATTACHED HERETO AS "EXHIBIT A" AND MADE A PART HEREOF. WHEREAS, the Ciry of Miami approved and adopted the Omni Area Redevelopment Plan pur.•suant. to tJos. 86-868 and 86-607; and WHERFAS, ;:he Omni. Community Redevelopment Agency ("Omni- CRA") "Omni CRA") is respornsi.b7.e for carrying out community redevelopment acti.vi.tie:, and projects in the Omni Redeveiopment Area; and WHEREAS, on July 30t", 2001, :.he Board of Directors of the Omni CRA accepted the Budget io.r. Fiscal Year commencing October 1, 2001, and amending September 30, 2002; and WHEREAS, rhe City Commission wishes to accept Fiscal Year. 2002 for the Omni. CRA Budger., aLLached hereto as "Exhibit A", and made a part hereof; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THEE CITY OF MrAMI, FLORTDA: CITY COR► AISSION ViBUTIMG OF Election I. The recitals and findings contained in the Preamble to the Resolution are hereby adopted by reference and incornor.ated as iT: fully seL fork -h in r_his Section. Section 2. The Omni. Community Redevelopment Agency Budqet, for Fiscal Year commencing October. 1, 2001, and ending September 30, 2002, attached hereto as "Exhibit A" and made a part hereof, is accepted. Section 3. Tn'.s Resolution shall become effective immediately upon its adoption and signature of the Mayor.`- PASSED AND ADOPTED this 25th day of April 2001. JOE CAROL L0, MAYOR in accor(! n,,ux wiii) v!}Wor ciaa imt Illt;liriiic :.Ypprovai of tills ICtjl!:i:?lit tI h f : ICjG.;i; `i C1 E. ••i' l.ii%` ] . r.4.. ? C'1'ICa::ii, .i i4.0 ISl allol'1 now :i i:r f ' hecomet� clioclitr;t whit iss ,r' ::::: ,i l :::; ('10) etaya ii-oni i le date of corm-nission action rog:arding £ian,ic, withoidt li w, :4'ti.1 ji.'i :ifl:i CIfiR l i1 voto, ATTEST: Wal J . Foeman �r-k— WALTER J. F'OEMAN CITY CLERK APPROVED AS TO FORM AND CORRECTNESS: Mr-Vl'LARELLO IT A'T'TORNEY 11.: dd : rdw _! the Mayor does riot sign this Tteso.ut:ion, it shall.i:ecome e.ffec-ivo t_ at. tc end of ren calendar days from the date i.r was passed and adopted. Ii ttte. Mayor vetoes thin Resolution, i.t shall become e!.f.ec: i.ve =imnted.iately upon override of the veto by the. Ci.ry Commission. Page 2 of 2 ,. CITY RAMI COMMUNITY REDEVELOPMENT AGENCY R..'"d J* it =I OMNI Trust Fund - Fiscal Year 2002 Funding sources Adopted FY 2001 Modified FY 2001 Estimate Difference FY 2002 Est - Ado. Difference Est . Mod. Tax Increment Revenues -City Tax increment Revenues -County 3 624,295 S 624,295 $1.015,7883 S 391,491 $ 391,491 City of Miami- Parking Revenue 403,172 - 393,449 S 649,448 246,278 255,999 Permitting L Developmental Fees - 3MP I.e32,8D3 _ County lnterlocalAgreeme. Debt Service 1,027,487 _ Interest on Investment Rental 25,000 35.GD0 35.000 10,000 - - Guaranteed Entitlement _ (108,847) ' - City of Miami - $2-54733.249,776,676 216,973 216.973R8 32047 309 - Interlocal Agreement - General Assistance - 85,000 SO 30 Interlocal Agreement - CDBG Support Prior year carryover and reimbursement 3rd Avenue Business Corridor 150,00 533,566 1,632.803 1,482,803 1,099,237 HOPWA _ CD9G Projects ' 1995 Special Non Ad Valorem Revenue Bonds Section 108 Loan Transfers Florida Inland Navigation District Grant/SAFE - -_ (1,005.237)SAFE CLUC Project (LaredulRe-Use Plan) _ ' HOME (Homeownership Counseling b Qualification) , Grants to Existing Businesses Community Development Block Grant Year f - Unfunded - Community Development Block Grant -Year 2 - Unfunded _ Fannie Mae Sale of Townhomes Allowance for Property Adjustment Board (City & County) _ 3,262) (83,26:D Total Funding $1,202,467 $2,676.547 $3,249,7!6 $2,047.3M _L83,262)_ $ 573.229 Expenditures Salaries a Fringe Benefits Operating Expenses (See Notes) $ 68,353 $ 25,000 $ - 3 (68,353) S (25,000 ) Furniture, Fixtures and Equ (anent _ 1' - {1,000) Projects and Programs -1.632,803 1,632,803 I.e32,8D3 _ County lnterlocalAgreeme. Debt Service 1,027,487 _ 1,017,744 1,400,000 372,533 382,256 Budget Reserve Fannie Mae 106,647 - _ (108,847) ' - Transfers Total Expenditures S 1,202,467 - $2-54733.249,776,676 216,973 216.973R8 32047 309 973 S 573 229 Funding Sources over (Under) Expenditures SO 30 SO 30 S0 7118,'20014:09 PM • • CITY : m COMMUNITY REDEVELOPMENT AGENCY P M1 SEOPINI Omm BONDS 6 SED TRUST TRUST HOME CLUC LOANS HOPWA TOTAL . S1.5513,96 1.551.796 31,OD7 31.007 80000 _ 50.000 16322803 - - - 1.632.003 • • Adopted litc4mled Eefknale 011folonee Difference FUNDED Line llemNtall FY'2001 FY'2001 FY'2002 ES? -Ad . EeL•Mod. COBS Mester PiaMng, Oesir and Cons ri cdon of Mmgatel Pap Park 0.01 1 976,450 2 1"1.796 S 1,551,796 IF 575.346 S - Plrnkg wad Coordkrlon of the MY11%9ayshtee edauion end ft Veneten Causeway epptpch 0.01 - Pbmr,g aMdesir of tae Baywak bftw eve _ intesro6onel Fine Arts Cw P 0.01 - - - - - - MorbSu/on of 01ANI Radevolool it Pfau 0.01 31.007 31,007 31,007 filtdo se Asseasnwg 50WO50.000 60.000 TOlete S 916.450 S 1. 007 51632803 5 658353 S P M1 SEOPINI Omm BONDS 6 SED TRUST TRUST HOME CLUC LOANS HOPWA TOTAL . S1.5513,96 1.551.796 31,OD7 31.007 80000 _ 50.000 16322803 - - - 1.632.003 • • CITY OF MIAMI 90MMUNITY REDEVELOPMENT AGENCVO pewtw JIM 11.X001 Page 1 of 1 Adopted Modified Estimate Difference Difference Line Mem Dejail FY' 2001 FY' 2001 FY' 2002 Est - Adp. Est. - Mod` Master Planning, Design and Construction of Margaret Pace Park 0.005 2 976,450 $ 1,551,796 $ 1,551,796 $ 575,346 $ - Planning and Coordination of the North 13ayshore extension and the Venetian Causeway approach 0.006 - - - - - Planning and design of the i3ayvralk behind the International Fine Arts College 0.007 - - - - ModlNcation of OMNI Redevelopment Plan 0.008 31,0007 07 31, 31,007 - Firehouse Assessment 1 50.00'0 50,000 50,WO- Totals 1$ 976,450 $ 1,632,803 $ 1,632,803 $ 656,353 $ Page 1 of 1 BACK UP INFORMATION ITEM D • CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM ITEM 7 Chairman Teele and Members of the CRA Board FROM:Dipak M. Parekh :,,1 L Executive Director' DATE. July 30, 2001 FILE: SUBJcCT: OMNI/CRA Budget FY 2002 REFERENCES: Resolution and Budget ENCLOSURES: RECOMMENDATION It is recommended that the Community Redevelopment Agency (CRA) Board, accept the attached resolution, which outlines the Budget estimate for fiscal ,year 2001 for the OMNI Community Redevelopment Agency (OMNI CRA), and transmit to the City of Miami. BACKGROUND The proposed budget for fiscal year 2002 is $3,249,77.5, an increase of $573,229 over the fiscal year 2000 modified budget, which is based upon an increase in tax increment revenues in the OMNI area. The proposed budget provides the maximum contribution to the County for the Performance Center Bonds at $1,400,000, and provides the carryover in an amount of $1,632,803 towards projects approved previously by the CRA Board. Funding Source: N/A Account Number: AT/A J�.--$i32 3 ITDI 7 RESOLUTION NO. OttMNUCRA A RESOLUTION OF THE BOARD OF DIRECTORS OF THE CONUVWNITY REDEVELOPMENT AGENCY ("CRA") ACCEPTING AND TRANSMITTING THE ESTIMATED FISCAL YEAR 2002 BUDGET ATTACHED HERE'T'O AS EXHIBIT "A" MADE A PART HEREOF (THE -"BUDGET"), TO THE CITY OF MIA.IVII. 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 accept and transmit to the City of Miami the Estimated FY'2002 Budget. NOW, THEREFORE, BE IT RESOLVED 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 accepts the FY'2002 Estimated 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 30`h of July, 2001. Arthur E. Tcele, Jr., Chairman 01-1023 ATTEST: Walter J. Foeman, City Clerk APPROVED AS TO FORM AND CORRECTNESS: Ale}andro Vilarello City Attorney MIAI 0965965 vI ITEM 7 A. -10 3