HomeMy WebLinkAboutItem #32 - Discussion ItemCITY OF MIAMI, FLORIDA 24
INTER -OFFICE MEMORANDUM
TO: The Honorable Mayor and DATE : ' 2 1999 FILE : F
FEBCDD e
Members of the City Commission r
SUBJECT:
Omni CRA Interlocal 4'
Cooperation Agreement
FROM: REFERENCES:
DoAdH.Aii—wo
City Manager ENCLOSURES: One (Memorandum dated 11/3/98)
E.
Pursuant to your request, enclosed please find a copy of the CRA Interlocal Cooperation
Agreement for the Omni redevelopment area. The City Commission requested that this
item be discussed at its February 23, 1999 City Commission meeting. Administrative
staff and the City Attorney's Office will be prepared to discuss this item at that time.
c: Alejandro Vilarello, City Attorney
CITY OF MIAM►, FLORIDA
INTER -OFFICE MEMORANDUM
TO: The Honorable Mayor and
Members of the City Commission
FROM: Doted H.
Warshaw
City Manager
DATE; NOV 3 1998
FILE:
SUBJECT: CRA Interlocal Cooperation Agreement
REFERENCES;
Tie (Memorandum, Resolution,
ENCLOSURES: and Budget)
EnclOsedt your Metropolitan r Dade request,
Dorm is a copy of the Interlocal Cooperation
RedevelopmeIIt Area tY, the Community RedevelopmentAg.Agreement between
after receipt of $1.2 and the City of
fad. It is within Agency for
million in this agreement that the City the O
will go to the tax increment funds an ty agreed that
rePaYment of bonds to be issued to Y excess of up � $1.43
PPort the Performingmillion per Year
The County Commission will be co Arts Center.
and budget) aPprovin considering a resolution see a
Year 1996-97 g the budget for the O attached memorandum,
and 1997-98, Community Redevelopment resolution
District for Escal
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THIS AGREEMENT. trade this day of ____��,
1996, by and
betty
een metropoutan Dade County. a polftical subdivision Of the State of Florida, (the
"COUNTY"). the Cityof Miami, a munici al
p corporation
of the State
of Florida, and the
Common' y RadeveioptttM Agency for the Omni Redevelopment Area (the "CRA").
WITNESSETH
AREAS, by Resolution No. R-825-97 and Ondinam No. 97-47 the COIJNTy has
approved a Redevelopment Plan, as may be anrrtrded from time to time (the "Plan.), and a Tax
Inc m m Fund (the *Fund°) for the Omni Redevelopment Arm (} a
re =W to as the
"PROJECT"); and
VAS. the PROJECT will take place within the corporate limits of the City of
Miami, Florida (the "CITY"): and
WHEREAS. Pursuant to Ordinance No. 97-47 and in accorda� with the Provisions of
Sections 163.357 and 163.410, Florida Statutes, the COUNTY designated the City Commission
of the CTIY the CPA for the Omni Redevelopment Area and said City Commission as the CRA
hey intends to cam into this Agreement with the COUNTY. and
w REAS, the COUNTY intends to construct a Petfonning Arts Center which will be
looted within the boundaries of the Omni Redevelopment Area and Will be part of the PROJECT
and •
R 03/12
WHEREAS, the COUNTY will assist the CRA in carrying out the PROJECT by
developing and financing the catalytic Project. the Performing Arts Center, utilizing, in pert tax
inm=ent revenues as described in the Plea; and
WHEREAS. the COUNTY and the CRA desire to provide the manner in which the
COUNTY &hat! have overall responsibilities for the Performing Arts Center. and the CRA shall
have ovemll r"ponsr°bilities for the remainder of the PROJECT;
NOW. SORE, the COUNTY and the CPA agree as follows:
L CRA AND COUNTY RESPONSDB>Z MES
A. The COUNTY shall have the sole right and respoaarWity for planrriag,mrvM
land acquisition, construction mamgmnem and all other community redevelopment undertakings,
activities, or projects and related activities as defined in Chapter 163. Florida Statutes, relating to
the Performing Arts Center as shown m the Plan. The COUNTY shall have the right to ensum
that the CRA is complying with the South Florida Building Code in all development activities of
the PROJECT.
Except as otherwise specifically included herein, the CPA shall not have any rights or
responsibilities in connection with the devdopnrent or constcuction of the Performing Arts Center.
B• The County Manager shalt designate County Project Coordinators who shall be
Pricey r Wonsible for canying out all aspects of the PROJECT relating to the Performing Arts
Center, and specifically those aspects specified in paragraph TA The County project
Coordinator& will provide quarterly reports to the CPA of any COUNTY activity associated with
the Performing Arts Ceter and will carry out the daily responsibilities of such activity.
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C. The CRA uiiall designate a CRA Project Coordinator, who shell be primarily►
responsible for carrying out ail aspects of the PROJECT other than those relating to the
Perfornning Arts Center. The CRA Project Coordinator will provide annual reports to the
COUNTY of any CRA activity associated with aU such aspects of the PROJECT.
D° slecific'14% the CRA Project Coordinator will be responsible for.
implementing
the Plaq other than the Performing pits Centeno dtvelopbV proposals for StDamcing the
PROJECT, other than the Performing Arts Center coordination of relocation activities; and
wordination of the design and conmucdon of public irrtprovpniceits rnecee�tny to support,
CRA redevelopment activity implementing the Plan (whit 4: aU exclude any
redevelopment activity relating to the Perforating Arcs Center). .4
R• PROJECT AC rvTnES
A- Land Disposition
I. With the exception ofnay activity associated with thi Perforating Arts
Center, the CRA shall be responsible for all land acquisition, including the use of emhu= domain
to acquire land.
2. With regard to my CRA redevelopment activity unrelated to the
Performing Arts Center, the CRA sham prepare project marketing materials and shall be
respondble for -Advertising for developers to submit proposals.
3. Any disposition of land for the PROJECT shall be accompHshed in
accordance with applicable federal guidelines, applicable provisions of sate law, and established
PROJECT guidelines,
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4. The CRA tray convey CRA-acquired land to a developer for &tfr value for
use in accordance with the. Plan and shall deposit the proceeds from the sale or lease in the Fund
to be utilized in accordance with the PROJECT budget and Chapter 163, Florid& Statutes,
B. Other PROJECT Activities
1. With regard to any CRA redevelopment activity unrelated to the
Performing Arts Center, the CRA shall be responsible for the adminisuation and ft uft for all
relocation activities. The CRA stay contract with COUNTY agencies to assist in tesideadal
relocation.
Z. With regard to Any CRA redeveloper sty wed to the
Pert ormigS Arts Center, the CRA shall design and construct public improvements necessary to _
support the redevelopment of the PROJECT. The CRA shall determine and ensure that such
activities comply with appropriate federal, State.and local regulations relating to affirmative
action and race -conscious concerns.
3. AU redevelopment activities conducted under the terms of this Agreemeat
shall be in accordance with the Plan. Any aramdaments to the Plan must have the prior approval
of the Board of County CommiWonem of the COUNTY.
C. PROJECT Fuutncing
1. The CRA shall admirdster and manage the Fund as required by lacer and
develop and prorrwlgate rules, regulations and criteria whereby the Fund may be promptly and
eff°ctivciY administered, including the establishment and the maintenance of boobs and records
and adoption of procedures whereby the COUNTY may,
expeditiously and without undue delay,
utilize such hinds in accordance with the COUNTY approved budget for the Performing Arts
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FAX N0. 724646
P, 08/12
Center, and wheereby the CPA may, ftlmditioudy and without undue delay, utilize the funds.
other than those dedicated to the performing Arts Center, in accordance with the
COUNTY -approved budget for those aspects of the PROJECT not related to the Performing
Center. I' furtherance of such Arta
�P�aus utilization of such funds for the Performing Arcs
Center, the CRA shall remit to the COUNTY no later than March 31 st each year, beowing with
the first calendar year in which the COUNTY has bonds o utstanding as of January I of such year,
which were issued for the purpose of financing the cost of
construction of the Performing arcs
Cents' (the "Performing Arts Carter Bonds"), up to, but not more than the first one minion four
thirty thousand dollars (51.43 mullion) oftax increment trust fund revenue for the
Purpose ofpaying debt s vice on the Perfor�g Arts Center Bonds (the "County Debt Services
Payment"), Provided such funds are available in the Fund. TheCEA's obligation to pay the S 1.43
cea
'million each year shall se at such time that the COU
NTY has no Performing Arts Center
Bosch outstanding. If the COUNTY sells bonds or incurs indebtedness with regard to the
Performing Arts Center, the COUNTY shall ensure that all d curneutabon relating to such
indebtedness or bonds shall limit the liability of the CRA to such 31.43 million per year. subject to
availability of such Rinds. and the COUNTY will W�,,,^;�emnify►.
and hold the CRA harmless formy
"ability "I excess ofthe $1.43 million per year as 0rigim9y committed_
Over a three year period of time commencing the year this
Agreement
is executed a total
of one moon two hundred thousand dollars (S 1.2 million) of twc increment funds small be
contributed by the CM and COU?'MY for redevelopment purposes perrsuant to the Plan, other
than for the Performing Arts Center. provided such funds are available in the Fund. Any
SEP-22-98 TUE 09:30 AN p
FAX NO. 424646
P. 07/12
li'4
tax=inc"ment flinch Collected in excess of the $1.2 million shall be remitted to the County for the
Performing Arts Center Project.
The CRA shall be annually compensated for all administrative services rendered with
respect to any and all aspects of the PROJECT and the Fund subject to the availability of revenue
in the Fund. Such administrative expenses Payable out of the Fund shall be capped at an amount
not to exceed twenty PCVM(20%) of the annual budget approved by the COUNTY.
Z• Upon receipt of a written report from the COUNTY detailing the Proposed
annual dipnas for activities Associated with the Performing Arta Cam, the CRA"
Prepare and submit for COUNTY approval at tiro beginning of each COUNTY fiscal year an
annual budget in a format approved by the COUNTY for all aspects of the PROJECT and Fund
including the Performing Acts Center Bonds as outlined in Paragraph C. I - and any other debt
obligations. Fagur+e by the COUNTY to approve the budget shall have no impact on the county
Debt Service Payment.
3. The CRA and County Manager shall determine that any hiring relative to
�e i'P"'MWon of the Plan complies with appropriate COUNTY and CITY regulations
rela'M to afibaiAtive action and race wns ions concerns.
4. The COUNTY shall issue aH bonds seed by tax irk revenues
untfl the earlier of (i) live years or (ir1) the Wume of bonds or the incurring of debt by the
COUNTY for the Performing Arts Center in an amount not less than eleven million rune hundred
eight thousand dollars (S 11.908 million), Thereafter, the CRA may issue bonds required to
finance the PROJECT. with the exception of the Performing Arts Center Bonds, subordinate to
any debt incurred by the COUNTY for the Performing Arcs Center. The subordination of bonds
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FAX NO. ' S724646
P. 08/12
issuedbytheCRA,da, to in the preceding sentence shall relate only to the first $1.43 million
of tax incream at revenues reserved for the County pursuant to the provisions of IIC 1. above.
Prior to issuance, the COUNTY shall review and approve all CRA instruments of indebtedness
mating to tax increment financing. The CRA shall not withhold the County Debt Service
Payment for any reason notwithstanding any other activities, actions, claims, or causes of action
related to the PROJECT.
D. Citizen Participation
1. To carry out the clutter participation process, the CRA shall utilise the
HUD Advisory Board and a community advisory board to be astabhsMd by the CRA (collectively
the "Citizen Advisory Groups") for community involvement and coordinate CPA and COUNTY
oommunity involvement and consider eitizcu► input in the redevelopment of PROJECT activities.
E. Project Managern=4 Administration, and Coordidstion
1. The COUNTY shall:
a. Provide the CRA with a Plan of Action with respect to those
aspects of the PROJECT related to the Performing Arts Center. This provision shall not be
deemed to require the approval of the CRA with respect to any aspects of such Plan of Action.
b. Develop an impimumtstion schedule for all PROJECT activities
related to the Performing Ara Canter.
C. Monitor such implementation schedules and timetables.
d. Submit annual progress reports to the CRA Project Coordinator
and the Citizen Advisory Groups beginning out year from the execution of this aft.
e. Submit additional interim reports upon the request of the CRA.
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P, 09/12
2. The CRA shall:
a. Provide the COUNTY with a plan of Action with respect to those
aspects of the PROJECT not related to the Performing Arts Center. This provision shag not be
deemed to require the'approval of the COUNTY with respect to any aspect of such Plan of
Action.
b. Develop implementation schedules for aU PROJECT activid a not
related to the Performing Arts Carter.
a Monitor such implementation schedules and timetables.
d. Submit annual progress reports to the Cc.: +*y Project Coordinator
and the Citizen Advisory Croups beginning one year from the motion of this Agreement,
a Submit additional interim reports upon the request of the
COUNTY.
13L ASSURANCES
A. As part of this agreement the COUNTY shall follow applicable federal and
COUNTY regulations concerning affirnrative action and race -conscious concerns in the hiring of
All consultants.
B. As part of this Agreement the CRA shall follow applicable federal and COUNTY
and CITY regulations conc Oming aWnnstive action and race -conscious concerns in the hiring of
all consultants.
C. All powers not specifically delegated to the CRA in this Agreement shall be
react VW exclusively to the Board of County Commissioners of the COUNTY. Specifically, the
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acr cc ao i vc va: a rui v FAX NO. 24646 p. 10/12
following commatsity redevelopment powers shall continue to vest in the Board of County
Commissioners:
(a) The power to determine an area to be a slum or blighted area, or
combination thereof; to designate such area as appropriate for comnumity redevelopment; and to
hold any public hearings required with respect thereto.
(b) The power to grant final approval to the cornrnunity redevelopment plan
and modifications theneot
(c) The power to authorize issuance of revenue bonds as set forth in Section
163.385, Florida Statutes.
IV. ENTIRE AGPJEEMM14T
This instrument and its its, if any, constitute the solo and only Agreanent of the
parties hereto and correctly sets forth the rights, duties,, and obligations of each to the other as of
its date. Any prior agreaaenm promises, negotiations, or representations not expressly set forth
in this Agromneatare of no force or effiecr.
No amendmemia to this Agreement shall be binding on either party union in writing and
signed by both parties.
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SEP-22-98 TUE 08.32 AM f FAX N0, 3�24848 P.11/12
i
IN WITNESS Wii MOF. the parties hereto have caused this Agreement to be executed
in their names by their duly authorized officers and the corporate seals to be affixed harm. all of
the day and year first above.written,
COMMUNITY REDEVELOP11dEigT
AGENCY for the REDEVELOPMENT
DISTRICT
./d.- I �wxd.4�
Miler L
Chairman of the Board
WITNB
Walter Foeman.: City Clerk
APPROVED AS TO FORM AND
LEGAL SUFFICIENCY:
Holland & Knight
CRA Counsel
10
METROPOLITAN DADE COUNTY, a
political subdivision of the State of Florida
c1 . AL&k
o VAL P.O.
County Maaager
r
Ruvin� of
APPROVED AS TO FORM AND
LEGAL SUFFICIENCY:
Robert A Cinabwg
Couaty Attorney
SAP-22-98 TUE 09032 AN
_724646 FAX NO-
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crryoF a muldeipal
corporadon 0 tat of Florida
oe
Mff
Cam H. Odio
city mm"K
WrrNESSES:
Pa - - *r Cityity . .,Ck&
Al tp ASMOFORMAND
LEGAL SiJMdkNCY:
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PAC PROJECT llCJ__�, ec l�b ®oA��oid
EMORA11 DUM
To: Honorable Chairperson and Members
Board of County Commissioners
FROM: M. R. Stierheim
County Manager
DATE:
SUBJECT: Resolution Approving
Budgets for the Omni
Community Redevelopment
District
It is recommended that the Board approve the fiscal year 1996-97 and 1997-98 operating
budgets for the City of 11Alami Community Redevelopment Agency's (CRA) Omni
Community Redevelopment District and authorize payment to the CRA of the appropriate
tax increment in accordance with the Interlocai Cooperation Agreement with the CRA
BACKQROUND
The Board approved a tax increment financing• project for the Omni Redevelopment
District though Ordinance No. 87-47. The interlocai agreement was approved by the
Board on March 19, 1996 (Resolution No. R-280-96). This agreement requires the clty's
CRA to submit for County approval, the budget for the project when tax increment funds
are used. Furthermore, the agreement states that the County and city contributions to
the project in the first three (3) years, up to a total of $1.2 million, are to be provided the
CRA to fund neighborhood infrastructure improvements in the district. Any tax increment
funds collected in excess of the $1,2 million must be remitted to the County to support the
Performing Arts Center (RAC) project.
A spreadsheet is attached which shows how the amount of $1.48 million was
accumulated over the first two years of the Omni Redevelopment District The County's
contributions have been delayed pending approval of the district budgets by the Board of
County Commissioners. The budgets were finally received by the County on July 29,
1998. The city's CRA approved the FY 1996.97 budget on October 28, 1996 and the FY
1997-98 budget on January 27, 1998.
It Is recommended that the -Board approve the budgets for both fiscal years. With your
approval, a check for $584,224 will be provided to the CRA, and in accordance with the
interlocal agreement, the CRA will pay $280,278 to the County for the PAC project.
Attachments
eerv21 doe
6% 4
S
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60.2! 6b Ori:�3 QJQSJJl�Af� PAC PROJECT MGT.
Approved Mayor
Veto
Override
:. `Roil .• e
ra003,01d
Agenda Item No.
RESOLUTION APPROVING THE BUDGETS FOR
FISCAL YEAR 1996-97 ,AND FISCAL YEAR 1997-98
FOR THE OMNI COMMUNITY REDEVELOPMENT
PROJECT AND AUTHORIZING THE COUNTY
(MANAGER TO FORWARD TAX INCREMENT
PAYMENTS TO THE OMNI REDEVELOPMENT
DISTRICT.
WHEREAS, this Board desires to accomplish the purposes outlined in the
accompanying memorandum, a copy of which Is incorporated herein by reference,
NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF COUNT!
COMMISSIONERS OF MIAMI-DADE COUNTY, FLORIDA, that this Board approves
the budgets for fiscal years 1996-97 and 1997-98 for the City of Miami Omni
Redevelopment Project and authorizes the County Manager to forward tax
increment payments to the Omni Redevelopment District in accordance with Mlami-
Dade County's Interlocai Cooperation Agreement with the City of Miami.
The foregoing resolution was offered by Commissioner
who moved its adoption. The motion was seconded by Commissioner
and upon being put to a vote, the vote was as follows:
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Dr. Miriam Alonso
Dr. Barbara M. Carey
Betty T. Ferguson
Natacha seiw,Miilan
Dennis C. Moss
Dordn D. Rolle
PAC PROJECT MGT.
Javier D. Souto
Agenda Item No.
Page 2
Bruno A. Barreiro
Miguel Dias de la Portilla
Gwen Margolis
Jimmy L.. Morales
Pedro Reboredo
Katy Sorenson
The Chairperson thereupon declared the resolution duly passed and adopted
this . This resolution shall become effective ten (10) days
after the date of Its adoption unless vetoed by the Mayor, and If vetoed, shall
become effective only upon an override by this Board.
Approved by the County Attorney as
to for and legal sufficiency.
Q004 01s
MIAMI-DADE COUNTY, FLORIDA
BY ITS BOARD OF
COUNTY COMMISSIONERS
HARVEY RUVIN, CLERK
By:
Deputy Clerk
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COUNTY AND CITY PAYMENTS FOR THE OMNI TAX INCREMENT IHSTRICT
Tax Valuer In B asa Y9w 0W) _ $M,tM,t322
Year Auseseed Ve0 of
End V u c W ent
1� 9 ,
'1998 293,198,116 $40,297,294
City County City ° — County _ Totes
6.023
TOTAL
•• — 1999 Est. 293,790.346 $4BA91,523 10.0000 6.023
4222-200
$89d,053
445,469
264,906
$6M,224
268,306
G,118
$1,480.278
713.776
Note. According to the Iniarkmal Cooperation Agr+geme nt the CRA reoehres $1.2 rtAlon in the first awes (3) yews and any tax-
IncremeM funds cott sled In excess of the $1.2 rinjllion shalt be rornitted to the County. In tw first two years the CRA wlll receive
$1.480,278 through 1998. Under the agreenwnt the CRA should remit $280,278 to the County for the Performing Arts Center Project.
t
Note: • Based on 96%
•• Baud on Proposed ntllitrge tales Apprgv+ed by BCC on 712119ti
Based an Proposed rdlage runes A000d by the Chy Cornttrlsslonem on t313l98
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1 PAC PROJECT MGT.
JUL-29-9a WED I1:18 AM CRA' ? Q 007/018
FAX W. 305-,M48 P. 05/10
obi DescluPp opw
PROPOSED
TRUST
799t310
TRUST
°
BUDGET
" 0
a82=7
POND
640 Insuranes Expense
OTHER
772 Property Melntsnanca
_
Q
to
$Q
!0
773 Print shop
$0
so
to
to
774 COO" MMaintenance31,000
$0
so 6010
778 Motor Foot
$0
=0
$0
41,0M80
$o
$0 so
,A $0Sub•Total
$130,572
i®
.
$0
60 $130,'S72
Vaftble opwa in8
220 prof Sery �Prziaal
230 Prof Sery Arch
l4,E00
so
$0
25O Prof Sp
Spar Legal
S0
to
i0
30 $a,500
270 � s.r`r
t45,000
$a
to
!0 $0
340 Cortivactual Servic.�
l42,981s
$12,705
aa0,539
$9,642 so 345,000
475 Entsrtsl�ee9t
i 30
$C
so
510 To *phone
$3,000
so
$0
so
so f0
540 urttey Svcs - Electricity!0
$3,500
i0
$O 03,000
560 uta ty Svcs .1+�'�ter
$3,000
'0
i0
ao l3,5Q0
670 Repair & Matnt,/ 71h & 9th
s2,00C1
$0
!O
SO i5,00()
!Q
890 promo �lctivities/erooh.
$25,000
80
t0
lZ,000
700 Offreae SupPaw/sta mery
13,
$iS,p00
30
$Q
s0 $2S,000
s0
722 s
Miscelfaneous trppge�
00
SO
so
$15,000
760 Bovts, Pub & Memb
$3,000
!A
$0
Sp l3,000
793 OzgGd ®rgrelps
dZ.980
$0
$0
so $3,000
795 PcGce Id
SQ
i0
$0
t0 $2.9a0
so
to
$0
$0 $0
Sub-TQttI
�� BO
$154,946 $12,785 120,539 $9,s4,2
$t 1 i,9gQ
TOTAL gTWQ j
a8a5,5t8 apical Ou:rs12,785
$20,539 $9,642 $242,552 Ca,,: If
r
940 Eauipmenr New !
310, 000
� 0
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JUL-211,49 WED I 1: 19 An CRA
PAC PROJECT XGT.
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'**Ilse
METROPOLITAN DAD61*LOUNTY. FLORIDA
METRO�ADE0
STEPHEN P. CLARK CENTER
OFFICE OF IMANAOEMENT AND •UDONT
SUITQ 2?10
TR
MIAMI. FLORIDA 13312&1002
September 29, 1998 001 3?3.3142
Ms. Hilda Tejera, Executive Director RECEIVED
City of Miami
Community Redevelopment Agency OCT 2 1998
300 NW Biscayne Boulevard Way
Suite 430
Miami, FL 33131
Dear Ms. Tejera:
On July 29, 1998, we received the fiscal year 1996-97 and 1997-98 budgets for the
Omni and the fiscal year 1997-98 budget for Southeast Overtown/Park West
Redevelopment districts. As per the Interlocal Cooperation Agreements, the Miami -
Dade Board of County Commissioners must approve the budgets for these
redevelopment districts before the County increment is provided to the districts. As you
know, the Board was in recess for the month of August. This office has prepared
resolutions transmitting the budgets for both districts which will be placed on the
October 6 regular Commission agenda. Once the Board has approved these
resolutions, and after the required ten-day period after Board approval, we will
immediately forward the County payments to you for these districts.
As you know, pursuant to the interlocal agreement for the Omni Redevelopment
District, the County and the city contributions to the project in the first three years, up to
a total of $1.2 million, are to be used to provide for neighborhood infrastructure
improvements in the district. Any tax increment funds collected in excess of the $1.2
million must be remitted to the County to support the Performing Arts Center (PAC)
project. A spreadsheet is attached which shows how the amount of $1.48 million was
accumulated over the first two years of the Omni Redevelopment District.
It will be recommended that the Board approve the budgets for both fiscal years and
that a check for $584,224 be provided to the City of Miami's Community
Redevelopment Agency (CRA). In accordance with the interlocal agreement, the CRA
must then pay $280,278 to the County for the PAC project.
The Southeast Overtown/Park West Redevelopment District has two district
components. As you know, the base year for calculating the increment for the original
district boundaries is 1982 and the base year for the Park West Addition is 1985. For
the past three years the base district has had a positive increment, however, the Park
West Addition has had a negative increment. Because the two increments#vere
U�t Mt.-
v(
}
COUNTY AND City PAYMENTS FOR THE OMNI TAX INCREMENT DISTRICT
Tax Value in Base Year i 1986) � $246,898,822
Year Assessed Value of City Countycity ncrement Tax Increment Tax Incremenl
•
End Value Increment Milla a Milia Tax I County Total
199T 298,858,059 51,959,237 9.6995 6.469 $473,844 $319,318 793,162
1998 293,196,116 $46,297,294 9.5995 6.023
.
TOTAL 422.20 264906
IG
$896,053 $584,224 $1,480 2 8
1999 Est. 293,790,345 $46.891.623 10.0000 6.023 445,469 268,306 713,776
Note: According to the Interlocal Cooperatlon Agreement the CRA receives $1.2 million In the first three (3) years and any tax-
hwement funds collected in excess of the $1.2 million shall be remitted to the County. In the first two years the CRA will receive
$1.480,278 through 1998. Under the agreement the CRA should remit $280,278 to the County for the Performing Arts Center Project.
Note: ' Based on 95%
'• Based on Proposed millage rates Approved by BCC on 7/21/98
Based on Proposed millage rates Approved by the City Commissioners on 8/3/98
ni
COUNTY AND CITY PAYMENTS FOR THE SE OVERTOWN / PARK WEST TAX INCREMENT DISTRICT
Tax Value In Base Year (1982) _
$78.305,602
Year
End
Assessed
Value
Value of
increment
City
M1118
County
City •
County •
Total
1994
$118,129l732
439,524,230
a
9.5995
Milla a
7.305
Tax Increment
$363,178
Tax Increment
Tax Increment
1995
1996
$99,073,510
$93,912,017
$20,768,008
$15,606.515
9.5995
7.253
189,394
276,370
143,099
639,548
332.493
1997
1998
$92,959,314
90,355,147
$14,653,812
9.5995
9.5995
6.828
6.469
142,324
133,636
101,233
90,056
243,557
223,692
1999 Est.
89,893,647
$12,049,645
$11,588,145
9.6995
10.0000
6.023
109,887
68,946
178,833
SUBTOTAL
6.023
110.087
66,30fi
176.393
$353,610
$225,308
$578,918
PARK WEST ADDITION
T8x Value in Base Year (1985 j =
$37,461,910
Year
End
Assessed
Value
Value of
Increment
City
Mllla
County
City •
County •
Total
1994
1995
51,994,206
$14,632,2296
a
9.5995
Miila a
7.305
Tax Increment
132,528
Tax Increment
$100,851
Tax Increment
1996
$29,436,627
$29.816,475
($8,025,283)
($7,645,435)
9.5995
9.5995
7.253
(73.187)
(55,297 )
233,378
(119,316)
1997
1998
$28,718,025
29,655,415
($8,743,885)
($7,806,495)
9.5995
9.5995
6.828
6.469
(79,740)
(79,740)
(53,T36)
(53,736)
(133,476)
(133,476)
1999 Est.
29,817.379
($7,644,531)
10.0000
6.023
6.023
(71(7
(44�
(1153,741)
364j
SUBTOTAL
-�622)
(116_
($223,555)
($142,144)
($365,699)
Now Based on 95%
•' Based on Proposed millage rates Approved by BCC on 7/21198
Based on Proposed millege rates Approved by the City Commissioners on 8/3/98
•
SE OVERTOWN / PARK W* EST & ADDITION COMBINED
Year Assessed Value of
End Value Increment MIllla a County City
1994 Milla a Tax Increment
1995 495,706
1996 116,208
1997 72,601
1998 53,896
1999 Est. 38,696
TOTAL RAU
Note: • Based on 95% $130,058
Based on Proposed millage rates APpioved by BCC on 7/21/98
Based on Proposed millage rates Approved by the City Commissioners on 8/3/98
COUNTY PAYMENTS TO SE OVERTOWN / PARK WEST $ ADDITIoti
r
County •
K Increment i
371,221
87,802
51,640
36,320
24,279
22M
$83,163
METROPOLITAN DADE(-)UNTY, FLORIDA
METRO JADE ��
STEPHEN P. L RK CENTER
OFFICE OF MANAGEMENT AND BUDQET
SUITE 2710
stT
MIAMI, FLORIDA 133128.11092
RECEIVED (305) 375.5143
January 7, 1999 JAN 15 1?ii
Hilda Tejera, Interim Director
City of Miami
Community Redevelopment Agency
300 Biscayne Boulevard Way, Suite 430
Miami, FL 33131
RE: FY 1997-98 Incremental Property Tax Revenue for the Southeast
Overtown/Park West Redevelopment Area
Dear Ms. Tejera:
On December 15, 1998, the Board of County Commissioners approved a
resolution to remit a check in the amount of $68,946 to the Community
Redevelopment Agency (CRA) for the Southeast Overtown/Park West
Redevelopment Area. This check represents the County's FY 1997-98
incremental property tax revenue due the CRA. Because the CRA's FY 1997-98
operating budget information for this area has not been submitted to and
approved by the Board, the CRA can use this revenue only on debt service
payments pursuant to state law and the interlocal agreement. Once the Board
receives and approves this information per the Interlocal Cooperation
Agreement, the CRA will be allowed to spend this revenue on additional
expenditures as outlined in the FY 1997-98 operating budget.
As a reminder, the FY 1997-98 operating budget information should include all
district revenues and expenses, progress reports, audited financial statement of
prior year activity, and a description of all active projects and projects currently
under consideration within your district. Once the FY 1997-98 operating budget
information is completed, you should submit all information to Mr. Tony E. Crapp
Sr., Director of the Miami -Dade County Office of Community and Economic
Development (OCED). Mr. Crapp will provide this information to the Board for
their review and consideration. Upon the Board's approval, Mr. Crapp will notify
you and you can proceed to allocate this revenue.
qP
IS&
y rty,t err -asks �* +a-,� y -ter
7777777777
S E fCe, f -Fr1r
Hilda Tejera
Page 2
If you have any questions, you may contact me or Gary Hartfield at (305) 375-
5143, Tony E Crapp, Sr., at (305) 375-3431, or Harold Brijbasi at (305) 375-
3432.
Sincerely,
&a"
David M. Morris, Ph.D.
Director
cc: Barbara Jordan, Senior Assistant to the County Manager
Tony E. Crapp, Sr., Director, OCED
Gary Hartfield, Office of Management and Budget
Harold Brijbasi, OCED
Dena Bianchino, Assistant City Manager, City of Miami