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HomeMy WebLinkAboutR-00-0862,fes: J-00-1102 9/28/00 RESOLUTION NO. v` A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING AND ADOPTING THE OMNI COMMUNITY REDEVELOPMENT AGENCY BUDGET FOR FISCAL YEAR COMMENCING OCTOBER 1, 2000 AND ENDING SEPTEMBER 30, 2001, 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 C WHEREAS, the Omni Community Redevelopment Agency ("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 the Budget for Fiscal Year commencing October 1, 2000 and ending September 30, 2001; and WHEREAS, the City Commission wishes to adopt and approve the Fiscal Year 2001 .Omni CRA Budget, attached hereto as "Exhibit A" and made a part hereof; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: T71Jn`T I N it BE CITY COMMISSIOR STING OF SEP 2 8 2000 o - 86, - 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 Omni Community Redevelopment Agency Budget, for Fiscal Year commencing October 1, 2000 and .ending September 30, 2001, 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 Mayor'/. PASSED.AND ADOPTED this 28th day of September 2000. JOE CAROLLO, MAYOR In, accordance with Miami Coae m'",,ec. 2-35, &Ince thq Mayor Cii€; not Indcat x, z.pn7cwal of Yr Iw�r, islation by signing it in the designate/ -to. pr�svkied, saiP�0*1 bm—&-a� s. effective with the elapso of ten (�i0) L'n tins date of Co iYiYi E :n � ea without the Mayof(ie c� in � ATTEST: WALTER J. FOEMAN CITY CLERK APPROVE S T FORM D C RECTNESS CITY ATTORNEY 925:BSS J, F°,.,. , 4, i"". 1 C4erk i� 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. r" Page 2 of 2 CITY OF MIAMI COMMUNITY REDEVLOPMENT AGENCY FISCAL YEAR 2001 BUDGET ALLOCATION Funding Sources over (Under) Expenditures . $0 $0 $0 $0 $0 09/12/2000 1:06 PM Page 1 of 1 Rebleed$apt—bar 1t, 2000 OMNI Trust Fund - Fiscal Year 2001 FY' 2001 Incremental Funding Sources Estimate Taxes General Capital Programs Tax Increment Revenues -City $ 624,295 $ 624,295 $ $ $ Tax Increment Revenues -County 403,172 403,172 - - City of Miami- Parking Revenue - _ Permitting & Developmental Fees - 3MP - _ Interest on Investment 25,000 25,000 - Rental - _ Guaranteed Entitlement City of Miami General Support Interlocal Agreement - General Assistance Interlocal Agreement - CDBG Support - _ _ Prior year carryover and reimbursement 1,126,450 - 150,000 976,450 3rd Avenue Business Corridor - - - _ HOPWA CDBG Projects - 1995 Special Non Ad Valorem Revenue Bonds - _ Section 108 Loan _ _ Safe Neighborhood Program _ Florida Inland Navigation District Grant - _ 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 - Total Funding $ 2,178,917 $1,027,467 $ 175,000 $ 976,450 $ ® Expenditures Salaries & Fringe Benefits $ 68,353 $ - $ 68,353 $ - $ Operating Expenses I - - - - Furniture, Fixtures and Equipment - _ _ _ Projects and Programs 976,450 976,450 - County Interiocal Agreement 1,027,467 1,027,467 - - Debt Service _ _ Budget Reserve 106,647 - 106,647 - - Charge back of Administrative Expenses _ _ - _ Total Expenditures $ 2,178,917 $1,027,467 $ 175,000 $ 976,450 $ Funding Sources over (Under) Expenditures . $0 $0 $0 $0 $0 09/12/2000 1:06 PM Page 1 of 1 isExpenditures Salaries & Fringe Benefits $ 68,353 $ - $ 68,353 $ $ - Operating Expenses _ Furniture, Fixtures and Equipment Projects and Programs _ County Interlocal Agreement 1,027,467 1,027,467 - Debt Service Budget Reserve 106,647 - 106,647 - Charge back of Administrative Expenses _ _ Total Expenditures $ 1,202,467 $1,027,467 $ 175,000 $ $ Funding Sources over (Under) Expenditures $0 $0 $0 $0 $0 09/12/2000 9:02 AM Page 1 of 1 CITY OF MIAMI COMMUNITY REDEVLOPMENT AGENCY FISCAL YEAR 2001 BUDGET ALLOCATION RwkW S*FK*ME., 11, 2000 OMNI Trust Fund - Fiscal Year 2001 FY' 2001 Incremental Fundlna Sources Estimate Taxes General Capital Programs Tax Increment Revenues -City $ 624,295 $ 624,295 $ $ $ Tax Increment Revenues -County 403,172 403,172 - City of Miami- Parking Revenue _ _ _ Permitting & Developmental Fees - 3MP _ _ Interest on Investment 25,000 25,000 Rental Guaranteed Entitlement _ City of Miami General Support Interlocal Agreement - General Assistance Interlocal Agreement - CDBG Support _ _ Prior year carryover and reimbursement 150,000 150,000 - 3rd Avenue Business Corridor _ HOPWA _ CDBG Projects _ 1995 Special Non Ad Valorem Revenue Bonds _ Section 108 Loan _ Safe Neighborhood Program Florida Inland Navigation District Grant _ _ 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 Total Funding $ 1,202,467 $1,027,467 $ 175,000 $ $ - isExpenditures Salaries & Fringe Benefits $ 68,353 $ - $ 68,353 $ $ - Operating Expenses _ Furniture, Fixtures and Equipment Projects and Programs _ County Interlocal Agreement 1,027,467 1,027,467 - Debt Service Budget Reserve 106,647 - 106,647 - Charge back of Administrative Expenses _ _ Total Expenditures $ 1,202,467 $1,027,467 $ 175,000 $ $ Funding Sources over (Under) Expenditures $0 $0 $0 $0 $0 09/12/2000 9:02 AM Page 1 of 1 0 CITY OF MIAMI COMMUNITY REDEVELOPMENT AGENCY R—ed Seoertba 11, 2000 OMNI Trust Fund - Fiscal Year 2001 Expenditures Salaries & Fringe Benefits $ FY' 2000 FY' 2000 FY' 2001 Difference Difference Funding Sources Adopted Modified Estimate Est - Adp. Est - Mod. Tax Increment Revenues -City $ 517,335 $ 517,335 $ 624,295 $ 106,960 $ 106,960 Tax Increment Revenues -County 317,382 585,688 403,172 85,790 (182,516) City of Miami- Parking Revenue - - - - - Permitting 8 Developmental Fees - 3MP - - - - - Interestonlnvestment 41,370 91,712 25,000 (16,370) (66,712) Rental - - - - - Guaranteed Entitlement - - - - - City of Miami General Support - - - - - Interlocal Agreement - General Assistance 26,426 - - (26,426) - Interlocal Agreement - CDBG Support - - - - - Prioryearcaryoverandreimbursement 1,990,786 1,516,424 150,000 (1,840,786) (1,366,424) 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 $ 2,711,159 $ 1,202,467 $ (1,861,631) $ (1,508,692) Expenditures Salaries & Fringe Benefits $ 68,353 $ 34,507 $ 68,353 $ - $ 33,846 Operating Expenses - - - - - Fumiture, Fixtures and Equipment - - - - - Projects and Programs 1,336,149 976,450 - (1,336,149) (976,450) County Interlocal Agreement 1,184,163 1,550,202 1,027,467 (156,696) (522,735) Debt Service - - - - - Budget Reserve 475,433 150,000 106,647 (368,786) (43,353) Charge back of Administrative Expenses - - - - Total Expenditures $ 3,064,098 $ 2,711,159 $ 1,202,467 $ (1,861,631) $ (1,508,692) Funding Sources over (Under) Expenditures $0 $0 $0 $0 $0 09/12/2000 9:16 AM 00— 8 2