HomeMy WebLinkAboutR-00-0860J-00-1100
9/28/00
RESOLUTION NO.
7
0 860
0
A RESOLUTION OF THE .MIAMI CITY COMMISSION,
WITH ATTACHMENT (S) APPROVING AND ADOPTING
THE AMENDED BUDGET FOR THE OMNI COMMUNITY
REDEVELOPMENT AGENCY FOR FISCAL YEAR 2000,
ATTACHED HERETO AS "EXHIBIT A" AND MADE A
PART HEREOF.
WHEREAS, the City of Miami approved and adopted the Omni
Area Redevelopment Plan pursuant to Resolution Nos. 86-868 and
86-607; and
WHEREAS, the Omni Community Redevelopment Agency (the "Omni
CRA") is responsible for carrying out community redevelopment
activities and projects in the Omni Redevelopment Area; and
WHEREAS, on September 25, 2000, the Board of Directors of
the Omni CRA approved its Amended Budget for Fiscal Year 2000 to
reflect standard routine quarterly adjustments; and
WHEREAS, the City Commission wishes to approve and adopt the
Amended Fiscal Year 2000 Budget for the Omni CRA attached hereto
as "Exhibit A" and made a part hereof;
NOW; THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY
OF MIAMI, FLORIDA:
TTA W1 1 41 E TI 7j
D
CITY CobMSSlojR,
KEETIING or
S E P a 3 2000
Resolution No.
.Section 1. The recitals and findings contained in the
Preamble to this Resolution are hereby adopted by reference and
incorporated as if fully set forth in this Section.
Section 2. The Amended Budget for Fiscal Year 2000 for
the Omni Community Redevelopment Agency, attached hereto as
"Exhibit A" and made a part hereof, is hereby approved and
adopted.
Section 3. This Resolution shall become effective
immediately upon its adoption and signature of the Mayorv.
PASSED AND ADOPTED this 28th day of September 2000.
JOE CAROLLO, MAYOR
in accordance with Miami Code Sec. 2-36, since the Mayor did not indicate approval of
this i,�c°^"anon by signing it in the designated play' provided, said legislat'� :V"
beoos> s effective with the elapse aft (1 �) days 6 m the d f Co cry i:~�
� same, without the Mayor xer sin a day/
o-�-�_ J
ATTEST: MZM
waltjlL
WALTER J. FOEMAN
CITY CLERK
CORRECTNESS -lb
ATTORNEY
4923:BSS
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 2
Revised September 11, 2000
CITY OF MIAMI
COMMUNITY REDEVELOPMENT AGENCY
OMNI Trust Fund - Fiscal Year 2000
Expenditures
Salaries & Fringe Benefits
68,353
YTD
34,507
Funding Sources
Adopted
07/31/2000 Projection
Difference
Tax Increment Revenues -City
$ 517,335
$ 517,335 $ 517,335
$ -
Tax Increment Revenues -County
317,382
585,688 585,688
268,306
City of Miami- Parking Revenue
-
- -
-
Permitting & Developmental Fees - 3MP
-
- -
-
Interest on Investment
41,370
85,365 91,712
50,342
Rental
-
- -
-
Guaranteed Entitlement
-
- -
-
City of Miami General Support
-
- -
-
lnteriocal Agreement - General Assistance
26,426
- -
(26,426)
Interlocal Agreement - CDBG Support
-
- -
-
Prior year carryover and reimbursement
1,990,786
- 1,516,424
(474,362)
3rd Avenue Business Corridor
-
- -
-
HOPWA
-
- -
-
CDBG Projects
-
- -
-
1995 Special Non Ad Valorem Revenue Bonds
-
- -
-
Section 108 Loan
-
- -
-
Safe Neighborhood Program
436,649
- -
(436,649)
Florida Inland Navigation District Grant
134,150
- -
(134,150)
CLUC Project (Laredo/Re-Use Plan)
-
- -
-
HOME (Homeownership Counseling & Qualification)
-
- -
-
Grants to Existing Businesses
-
- -
-
Community Development Block Grant -Year 1 - Unfunded
-
- -
-
Community Development Block Grant -Year 2 - Unfunded
-
- -
-
Other
(400,000)
- -
400,000
Total Funding $3,064,098
$1,188,388 $2,711,159
$ (352,939)
Expenditures
Salaries & Fringe Benefits
68,353
30,983
34,507
(33,846)
Operating Expenses
-
-
-
-
Furniture, Fixtures and Equipment
-
-
-
-
Projects and Programs
1,336,149
-
976,450
(359,699)
County Interlocal Agreement
1,184,163
1,550,202
1,550,202
366,039•
Debt Service
-
-
-
-
Budget Reserve
475,433
-
150,000
(325,433)
Charge back of Administrative Expenses
-
-
-
-
Total Expenditures $3,064,098
$1,581,185
$2,711,159
$ (352,939)
Funding Sources over (Under) Expenditures
$0
($392,797)
$0
$0
09/12/2000 9:16 AM