HomeMy WebLinkAboutItem #04 - Discussion ItemCITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
TO: The Honorable Mayor and Members
of the City Commission
FROM: DO Od'.Oar:shA
City Manager
BACKGROUND
DATE: NOV 10 1998 FILE
SUBJECT: Community Redevelopment
Agency—Interlocal Agreement
REFERENCES :Special Commission Meeting
ENCLOSURES: November 16, 1998
Negotiations have been conducted between representatives of the Administration and the
Community Redevelopment Agency (CRA) over the past several weeks regarding an
Interlocal Cooperation Agreement between the City of Miami and the Southeast
Overtown/Park West Community Redevelopment Agency (SEOPW CRA) and the
Community Redevelopment Agency for the Omni Redevelopment District (Omni CRA).
The negotiations have been cooperative and beneficial in outlining the parameters of the
Agreement. The Agreement defines the working relationship between the City and the
SEOPW CRA and the Omni CRA and provides the provisions for funding for the
delivery of services from the SEOPW CRA and the Omni CRA. The Agreement provides
for special operational procedures required for compliance with the regulations governing
the use of funds provided by the City for special Projects.
As prescribed in the Agreement, there will be individual sub -contract agreements, where
required, for projects funded from a specific funding source, ie: Housing Projects,
Economic Development Projects, Social Programs, Park Bond Projects, etc. These sub-
contracts will delineate the Plan of Service, Measurable Activities and the Project
Budget.
The Interlocal Cooperation Agreement has been prepared by the City Administration to
insure that a firm financial oversight and a proper system of checks and balances is
maintained in the distribution and monitoring of federal funds and other City resources.
As you may recall, the City was recently audited by the Office of Inspector General
(OIG) of the U.S. Department of Housing and Urban Development (HUD). The Audit
was critical of the City's capability and capacity to properly manage federal funds.
Specifically, the Audit found that the City, "lacked proper programmatic and contract
compliance monitoring procedures, failed to use best practices in maintaining a proper
system of checks and balances in the distribution and monitoring of federal funds, and
lacked a firm financial oversight of federal funds being administered." In the Audit
Response a Corrective Action Plan addressing these specific issues was submitted and
has been approved by HUD. The Administration is in the first year of implementing that
plan. It is the Administration's view that this implementation is a top priority and our
distribution of federal funds must be under that priority. We are in the process of
developing our next five-year comprehensive strategic plan for HUD funding. It is the
Administration's view that with the acceptance of that plan the City will be in a better
position to consider the type of multi -year funding request such as has been requested by
the CRA.
RECOMMENDATIONS
The City Administration recommends that the City Commission approve the Interlocal
Cooperation Agreement and the attached budget for FY `99 with the SEOPW CRA and
the Omni CRA, a copy of which is attached.
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INTERLOCAL COOPERATION AGREEMENT
BETWEEN
CITY OF MIAMI, FLORIDA,
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT
AGENCY
AND THE COMMUNITY REDEVELOPMENT AGENCY FOR THE OMNI
REDEVELOPMENT DISTRICT
THIS INTERLOCAL COOPERATION AGREEMENT ("Agreement") is made
and entered into this day of , 19983 by and between the City of
Miami, a municipal corporation organized and existing under the laws of the State of
Florida (hereinafter referred to as the "City"), with offices located at 444 S.W. 2nd
Avenue, Miami, "Florida 33130, the Southeast Overtown/Park West Community
Redevelopment Agency, a public body corporate and politic of the State of Florida
(hereinafter referred to as the "SEOPW CRA" ), with offices located at 300 Biscayne
Boulevard Way, Suite 430, Miami, Florida 33131 and the Community Redevelopment
Agency for the Omni Redevelopment District, a public body corporate and politic of the
State of Florida (hereinafter referred to as the "Omni CRA"), with offices located at 300
Biscayne Boulevard Way, Suite 430, Miami, Florida 33131.
WITNESSETH:
WHEREAS, in accordance with the provisions of Chapter 163, Part III, Florida
Statutes, known as the Community Redevelopment Act of 1969, as amended (hereinafter
referred to as the "Act"), Metropolitan Dade County ("County") passed and adopted
Resolution No. 1179-69 and Resolution No. R-39-81, declaring the area known as
Southeast Overtown/Park West (hereinafter referred to as -SEOPW") to be an area of
slum and blight and designated such area to be appropriate for a community
redevelopment project that would warrant the preparation of a community redevelopment
Plan:
WHEREAS, accordingly, the City Commission passed and adopted Resolution
No. 81-920, approving in principle the Southeast Overtown/Park West Community
Redevelopment Plan ("SEOPW Plan"),- and
WHEREAS, by Resolution No. 1677-82 the County approved the SEOPW Plan
and established the Southeast Overtown/Park West Redevelopment District (hereinafter
referred to as "SEOPW District") as a community redevelopment district for tax increment
financing purposes, and
WHEREAS, the boundaries for the SEOPW District are provided for in Exhibit A, -
and
WHEREAS, the City and the County entered into an Interlocal Cooperation
Agreement, dated as of March 31, 1983, which provided for the exercise of
redevelopment by the City for the SEOPW, the implementation of the SEOPW Plan, the
delegation by the County to the City Commission to act as the community redevelopment
agency for the SEOPW, and the use of tax increment financing to pay the costs of the
implementation of the SEOPW Plan; and
WHEREAS, pursuant to Resolution No. 86-868, the City Commission approved
in principle a redevelopment plan for the redevelopment of the Omni area (the "Omni
Plan"), and
WHEREAS, by Resolution No. 97-176; the City Commission reaffirmed the
approval of the amended and restated Addendum II to the Omni Plan; and
WHEREAS, in accordance with the Act, the County, by Resolution No. R-825-87
and Ordinance No. 8747, established the Omni Redevelopment District (hereinafter the
"Omni District") as a separate community redevelopment district for tax increment
financing purposes and approved the Omni Plan and a tax increment fund, respectively;
and
WHEREAS, the boundaries for the Omni District are provided for in Exhibit B;
and
WHEREAS, by Ordinance No. 87-47 and in accordance with the Act, the County
designated the City Commission the community redevelopment agency for the Omni CRA
to be responsible for implementing the Omni Plan, excluding any redevelopment activity
related to the Performing Arts Center; and
WHEREAS, the City Commission has established the SEOPW CRA and the Omni
CRA as legal entities, separate, distinct and independent from the City Commission, and
WHEREAS, under the Act the SEOPW CRA and the Omni CRA are empowered
to undertake and carry out community redevelopment and related activities within the
boundaries of their respective Redevelopment Districts as described in the SEOPW Plan
and the Omni PIan, respectively, and
WHEREAS, in order to make the most efficient use of their powers, resources,
authority and capabilities, the SEOPW CRA and the Omni CRA intend to use the same
staff, and
WHEREAS, it is the purpose and the intent of the Agreement, the parties hereto
and the Florida Interlocal Cooperation Act of 1969, as amended (the "Cooperation Act")
to permit the City, SEOPW CRA and Omni CRA to make the most efficient use of their
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respective powers, resources and capabilities by enabling them to cooperate on the basis
of mutual advantage and thereby to provide the services and achieve the results as
provided for herein; and
WHEREAS, the City, SEOPW CRA and Omni CRA desire herein to provide for
their mutual and respective understandings, agreements, rights, duties and obligations
pertaining to the SEOPW Plan and Omni Plan as such plans will be implemented through
various Projects (as hereinafter defined) and the manner in which the parties hereto will
jointly facilitate the staffing, financing and undertaking of the Projects;
NOW, THEREFORE, in consideration of the foregoing and of the covenants and
agreements hereinafter set forth, other good and valuable consideration, the receipt and
adequacy of which_ are hereby acknowledged, the parties do hereby covenant and agree as
follows:
ARTICLE I
AUTHORITY
This Agreement is entered into pursuant to and under the authority of the
provisions of Section 163.01. Florida Statutes; Part III, Chapter 163, Florida Statutes; and
other applicable provisions of law.
ARTICLE II
DEFINITIONS AND EXHIBITS
Section 2.1 Defined Terms: Singular. Plural and Gender. Any word contained
in the text of this Agreement shall be read as the singular or the plural, and as the
masculine, feminine or neuter gender as may be applicable in the particular context. More
specifically, however, for the purposes of this Agreement the following words when
initially capitalized herein shall have the meanings attributed to them in the following
subsections:
2.1.1 "Act" means Section Part III, Chapter 163, Florida Statutes, as amended
and all applicable provisions of law thereunder.
2.1.2 "Agreement" means this Interlocal Cooperation Agreement, including any
exhibits hereto, as the same may be hereafter amended from time to time.
2.1.3 "City" has the meaning ascribed to it in the opening paragraph of this
Agreement, and any successors thereto or assigns thereof.
2.1.4 "City Commission" means the governing body of the City.
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Section 2.2 Exhibits. Attached hereto and forming a part of this
Agreement are the following Exhibits:
Exhibit A Boundaries of the Southeast Overtown/Park West Redevelopment
District
Exhibit B Boundaries of the Omni Redevelopment District
Exhibit C Description of the Projects to be implemented by the SEOPW CRA
and Omni CRA
Exhibit D Fiscal Year 1999 Budgets for SEOPW CRA and Omni CRA
Exhibit E City of Miami Employees Assigned to SEOPW CRA and Omni
CRA
ARTICLE III
FINANCIAL RESOURCES TO BE PROVIDED BY THE CITY
Section 3.1 City's Commitment to Funding. As set forth in the Fiscal Year
1999 Budgets for the SEOPW CRA and Omni CRA, attached hereto as Exhibit D, the
City hereby agrees to provide financial support to the SEOPW CRA and the Omni CRA
as follows:
3.1.1 General Fund Contribution. For Fiscal Year 1999, the City has allocated
Two Hundred Seventy -Nine Thousand Four Hundred Eighty -Eight Dollars ($279,488.00)
from the City's General Fund for the administrative expenses of the SEOPW CRA and
Omni CRA.
3.1.2 State of Florida Revenue Sharing Funds, Revenue Sharing Funds in the
amount of Three Hundred Thousand Dollars ($300,000.00) will be provided to pay the
debt service associated with the Community Redevelopment Revenue Bonds 1990 Series
for Fiscal Year 1999.
3.1.3 Tax Increment Revenues. In accordance with the Act, as a taxing
authority, the City will contribute its proportionate share of the annual funding of the
redevelopment trust funds for the SEOPW CRA and the Omni CRA.
3.1.4 Project Funds. The Projects identified in Exhibit C shall be funded in an
amount, as approved by the City Commission and the Oversight Board, and in accordance
with the terms and conditions of the Sub -agreements to be executed in connection
therewith.
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3.1.5 Payments from the Department of Off -Street Parking ("DOSP")_ . In
accordance with the Assignment of Leases executed by the City in favor of SEOPW CRA
in connection with the Lease Agreement with DOSP for certain parking lots in the
SEOPW District, DOSP will pay to SEOPW CPA approximately Three Hundred Thirty
Thousand Dollars ($330,000.00) in Fiscal Year 1999.
3.1.6 Reallocation and Rollover of Unexpended Funds. Any unexpended
moneys derived from the sources of Funds for the Projects as provided in this Article
remaining at the end of any Fiscal Year, may be reallocated and carried over to the next
fiscal year for the SEOPW and Omni CRA, subject to the approval of the City
Commission and the Oversight Board.
3.1.7 Other Expenditures. During Fiscal Year 1999, the City may also provide
financial support, oiher than the Financial Resources and support specifically identified
herein, to the SEOPW CRA and the Omni CRA, as approved and provided for by the City
Commission and the Oversight Board. In the event such additional financial support is to
be provided, this Agreement shall be so amended and, if necessary, the applicable sub -
agreement shall be executed by the parties.
3.1.8 Funding for Future Fiscal Years. As provided in Article VIII hereof,
subject to the availability of funds and the approval of the City Commission and the
Oversight Board, the City may allocate funds to the SEOPW CRA and the Omni CRA to
continue to carry out and undertake Additional Projects as identified in the SEOPW Plan
and the Omni Plan.
ARTICLE 1V
PERSONNEL AND OTHER RESOURCES TO BE PROVIDED BY CITY
Section 4.1 Use of City Personnel.
4.1.1 The City Manager, in his sole discretion, may provide for the detailing of
employees for service to the SEOPW CRA and OMNI CRA to carry out and undertake
the Projects. The City Manager agrees that the employees designated in Exhibit E shall
provide services to the SEOPW CRA and Omni CRA in connection with the Projects.
Any new employees to the SEOPW CRA and Omni CRA, after the effective date of this
Agreement, shall not be City employees.
4.1.2 The City employees designated in Exhibit E to serve as staff to the SEOPW
CRA and the Omni CRA in connection with the Projects, shall continue to receive all the
benefits provided to other City employees related to their employment with the City,
zxcept that the duties and supervision of the employees shall be determined by the
Executive Director of the SEOPW CRA and Omni CRA.
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4.I.3 The City Attorney shall serve as counsel to the SEOPW CRA and the
Omni CRA, unless the SEOPW CRA and Omni CRA select an individual or a law firm to
serve as their counsel. Should the SEOPW CRA and Omni CRA select their own counsel,
the payment of fees and costs for such counsel shall be the sole financial obligation of the
SEOPW CRA and the Omni CRA.
4.1.4 The City Clerk shall serve as the official custodian of records and
documents for the meetings of the SEOPW CRA and the Omni CRA. The City Clerk, or
his designee, shall keep the minutes of the proceedings of the SEOPW and the Omni CRA,
maintain a journal of all resolutions, publish notice of meetings as required by law, and
perform all other clerical functions on behalf of the SEOPW CRA and Omni CRA.
4.1.5 At the request of the SEOPW CRA and the Omni CRA, in the sole
discretion of the City Manager, the City may provide the assistance of other City
employees to the SEOPW CRA and the Omni CRA in furtherance of the implementation
of the Projects.
Section 4.2 Selection of the Executive Director. The SEOPW CRA and Omni
CRA shall select or contract with a person or consultant with the designated title of
Executive Director for the SEOPW CRA and Omni CRA, and to determine the
qualifications, duties and compensation for such position.
ARTICLE V
BUDGETARY AND PROJECT REPORTS TO THE CITY
Section 5.1. Annual Budget. The SEOPW CRA and Omni CRA shall each
submit to the City Commission, during the City's budgetary review process, an annual
budget for review and approval. Such budget shall include all revenue sources and
projected expenditures for the SEOPW CRA and Omni CRA, respectively. It is hereby
acknowledged that the Fiscal Year 1999 Budgets for the SEOPW CRA and Omni CRA,
attached hereto as Exhibit E, have been approved by the City Commission.
Section 5.2 Project Status Reports. In addition to any reports that the SEOPW
CPA and Omni CRA may be required to provide to the City under the Sub -agreements,
the SEOPW CRA and the Omni CRA shall provide to the City bi-annual status reports
regarding the Projects. Such reports shall be provided to the City Commission no later
than April 30`h and October 31" of each Fiscal Year.
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ARTICLE VI
EXECUTION OF SUB -AGREEMENTS
Section 6.1 Required Sub -agreements. If the nature or use of the Funds
provided by the City pursuant to this Agreement require the City and the SEOPW CRA
and the Omni CRA to enter into any Sub -agreements for the Projects, the parties shall
enter in to the necessary sub -agreement for the specific Project. Such sub -agreements
shall be in accordance with any rules and regulations governing the use of the Funds or
any other applicable agreement or provisions of law.
Section 6.2 Execution of Sub -agreements. All Sub -agreements required to be
entered into pursuant to this Agreement by the City and the SEOPW CRA and Omni CRA
shall be executed by the City Manager on behalf of the City, upon the approval of the City
Commission and the Oversight Board, and by the Executive Director of the SEOPW CRA
and the Omni CRA, upon the approval of the governing body of the SEOPW CRA and the
Omni CRA.
ARTICLE V11
TERMINATION
Section 7.1 Termination of Agreement. This Agreement shall terminate upon
dissolution of the SEOPW CRA and Omni CRA or by mutual agreement of the City and
the SEOPW CRA and Omni CRA.
Section 7.2 Termination of Sub -agreements. Any termination of a Sub -
agreement shall be governed by the specific provisions as set forth within the Sub -
agreement.
ARTICLE VIII
REVIEW AND FUNDING OF SEOPW PLAN AND OMNI PLAN
Section 8.1 Annual Review of SEOPW Plan and Omni Plan. The City and
SEOPW CRA and Omni hereby agree to annually review the SEOPW Plan and Omni
Plan, as approved by the City and County, to identify specific projects to be funded and
carried out by the SEOPW CRA and Omni CRA, in addition to the Projects identified
herein (hereinafter referred to as "Additional Projects").
Section 8.2 Fundinu for Additional Projects. Subject to the availability of funds
and appropriation by the City Commission, the City many enter into sub -agreements with
the SEOPW CRA and the Omni CRA, for the funding and implementation of the
Additional Projects.
ARTICLE LX
MISCELLANEOUS PROVISIONS
Section 9.1 Meeting Notices to Ci1y Manager. The SEOPW CRA and Omni
CRA shall provide the City Manager with notices of all of its regular and special meetings.
Section 9.2 Entire Agreement. Modification or Amendment. This Agreement
(together with all of the Exhibits and other attachments (if any) hereto contains the entire
agreement between the parties and shall not be modified in any manner except by an
instrument in. writing executed by the parties or their respective successors or assigns in
interest. This Agreement shall supersede any and all prior agreements and negotiations
between the parties, whether oral or in writing (which are hereby expressly merged into
this Agreement).
Section 9.3 Severability. If the any of the obligations of the parties hereto are
found to be invalid or if any one or more of the covenants, agreements or provisions of
this Agreement should be held contrary to any express provision of law, or contrary to any
policy or expressed law, although not expressly prohibited, or against any public policy, or
shall, for any reason whatsoever, be held invalid, then such covenants, agreements or
provisions shall be null and void and shall be deemed separate from the remaining
covenants, agreements or provisions of this Agreement, which shall remain in full force
and effect.
Section 9.4 Term. This Agreement shall become effective upon the execution
of the City and the SEOPW CRA and the Omni CRA, and upon filing with the Clerk of
the Circuit Court of Miami -Dade County, Florida, as provided in Section 8.9 hereof, and
shall expire upon termination as provided in Article VII hereof.
Section 9.5 Assignment. This Agreement shall not be assigned by the SEOPW
CRA and the Omni CRA, in whole or in part, without the prior written consent of the City
Manager, as approved by the City Commission, which approval may be withheld or
conditioned, in the City Commission's sole discretion.
Section 9.6 No Member Liability. No covenant, stipulation. obligation or
agreement contained herein shall be deemed to be a covenant, stipulation, obligation or
agreement of any present or future member of the governing body or agent or employee of
the City or the SEOPW CRA or Omni CRA in its, his/her or their individual capacity, and
neither the members of the governing body of the City or the SEOPW CRA and the Omni
CRA, nor any official executing this Agreement shall be liable personally or shall be
subject to any accountability for reason of the execution by the City or SEOPW CRA and
Omni CRA of this Agreement or any act pertaining thereto.
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Section 9.7 Notices. It is understood and agreed between the parties that
written notice addressed to the City Manager or to the Executive Director of the SEOPW
CRA and Omni CRA and mailed, certified/return receipt or hand delivered to the address
appearing on page one (1) of this Agreement shall constitute sufficient notice to either
party.
Section 9.8 Controlling Law. All covenants, stipulations, obligations and
agreements of the City and SEOPW CRA and Omni CRA contained in this Agreement
shall be deemed to be covenants, stipulations, obligations and agreements of the City,
SEOPW CRA and Omni CRA, respectively, to the fullest extent authorized by the Act and
provided by the laws of the State of Florida. Proper venue for any proceedings pertaining
to this Agreement shall be in Miami -Dade County, Florida.
Section 99 ' Filing and Effective Date. This Agreement shall become effective
immediately after execution by the proper officials of the City and the SEOPW CRA and
Omni CRA, and upon filing with the Clerk of the Circuit Court of Miami -Dade County,
Florida, as required by Section 163.01(11), Florida Statutes. The date of such filing with
the Clerk of the Circuit Court shall be the "Effective Date" of this Agreement.
IN WITNESS WHEREOF, the parties hereto have entered into this Interlocal
Cooperation Agreement as of the day and year first above written.
ATTEST: CITY OF MIANH, a municipal
corporation of the State of Florida
Walter J. Foeman, City Clerk
ATTEST:
Walter J. Foeman, City Clerk
0
Donald H. Warshaw
City Manager
SOUTHEAST OVERTOWN/PARK
WEST COMMUNITY
REDEVELOPMENT AGENCY
Executive Director
ATTEST:
Walter J. Foeman, City Clerk
APPROVED AS TO FORM
AND CORRECTNESS:
Alejandro Vilarello; City Attorney
OMNI COMMUINITY
REDEVELOPMENT AGENCY
Executive Director
APPROVED AS TO LEGAL
SUFFICIENCY
Holland & Knight LLP, Counsel
ACKNOWLEDGEMENT
STATE OF FLORIDA )
)SS:
COUNTY OF MIANH-DADE)
The foregoing Interlocal Cooperation Agreement was acknowledged before me
this day of , 1998, by Donald H. Warshaw, City Manager of the
City of Miami, Florida, who is personally known to me or produced
as identification and did/did not take an oath.
WITNESS my hand and official seal on the date aforesaid.
Notary Public State of Florida
at Large
Printed Name of Notary
My Commission Expires:
STATE OF FLORIDA )
)SS:
COUNTY OF MIAMI-DADE)
The foregoing Interlocal Cooperation Agreement was acknowledged before me
this day of , 1998 by , Executive
Director of the Southeast Overtown/Park West Community Redevelopment Agency, who
is personally known to me or produced as identification and
did/did not take an oath.
WITNESS my hand and official seal on the date aforesaid.
Notary Public State of Florida
at Large
Printed Name of Notary
My Commission Expires:
STATE OF FLORIDA }
)SS:
COUNTY OF MIAMI-DADE)
The foregoing Interlocal Cooperation Agreement was acknowledged before me
this day of , 1998, by , Executive
Director Community Redevelopment Agency for the Omni Redevelopment District, who
is personally known to me or produced as identification, and
did/did not take an oath.
WITNESS my hand and official seal on the date aforesaid.
Notary Public State of Florida
at Large
Printed Name of Notary
My Commission Expires:
EXHIBIT A
BOUNDARIES OF THE SOUTHEAST OVERTOWN/PARK WEST
REDEVELOPMENT DISTRICT
The Southeast Overtown/Park West Redevelopment District shall encompass the
area generally bounded by Biscayne Boulevard on the East; I-95 on the West; I-395 on the
North; and Northwest 5`h Street on the South.
EXHIBIT B
BOUNDARIES OF THE OMNI REDEVELOPMENT DISTRICT
The Omni Redevelopment District shall encompass I-395 on the South; Biscayne
Bay on the East; Northwest 20'' Street on the North; and FEC Railway on the West.
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EXHIBIT C
COMMUNITY DEVELOPMENT
PROJECT DESCRIPTION
FISCAL YEAR `99
Technical Assistance Grant
• $369,000 of CDBG Funds has been allocated to provide technical assistance to the
Community Development Corporations (CDC) and developers in connection with the
development of two hundred forty-four (244) homeownership -housing units for low and
moderate -income residents of the Overtown CDBG Target Area.
Home Ownership Program
• $262,000 has been allocated from HOME Investment Partnership Program (HOME) funds to
support a Homebuyers Pre -qualification Program for low and moderate income residents of
the Overtown CDBG Target Area.
Reprogrammed funds from underutilized prior CDBG allocations
• $393,000 of underutilized CDBG Funds from prior allocations previously committed to the
CRA have been identified. The CRA is requesting that these funds be used to support its
current development activities.
• The City Commission allocated $100,000 to the CRA at its meeting of April 14, 1998 to
establish the CRA CLUC 90 Pilot Program. This allocation was intended to be a match
toward a federal housing development grant being sought by the CRA. However, the CRA's
application to the federal government was not approved. The CRA is requesting that the
previously approved $100,000 award be redirected to support planning and administrative
services for implementation of the scattered housing project approved by the City
Commission at its July 21, 1998 meeting. The Administration is recommending the approval
of this modification.
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EXHIBIT D
FISCAL YEAR 1999
BUDGET FOR SEOPW CRA AND OMNI CRA
Revised
!
FY 99 CRA Revenues/Expenditures
Amount
Southeast Omni
l
Overtown Increm.
Revenues
Park West Tax District
Description
CDBG Funds
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' 24th Year Allocation -Technical Assistance Grant $379,900 m.
Reprogrammed Funds from Years (CDBG) 393,000''.
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( Home Ownership Program 262,322
!CRA CLUC 90 Pilot Program (Laredo) 100,000',.
Incremental Tax Revenues" '
1,135,222,
!Incremental Tax Revenues Omni (in arrears)(net)' 1,200,000:
1,200,000
Incremental Tax -Omni FY 99
713,775
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713,775
Incremental Tax -Southeast Overtown
176,3931,176,393
obligated to pay the Section #108 Loan'
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300,000
State of Florida Revenue Sharing
Debt service used to pay outstanding bonds.
Revenue from this fiscal year from the parking lots after.
payment of debt service on Gusman Centers
(Estimated by Off -Street Parking)
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330,000
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Park Bond Funds subject to County approval"
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0 28,130
parks with boundaries
General Fund Contribution
279,488
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$2,221,103 $1,941,905
'Note: Incremental Revenues:
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City : County I itotal
473,8441 319,318! 1997, 793,162
422,209 264,9061 1998' 687,115'
896,053 584,224i 1,480,277
(1,200,000),
Legal clarification is needed 280,277�
"Potential Safe Neighborhood Parks Bond Projects for CRA Involvement
FY 98-99 (Subject to Miami -Dade County Approval)
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I Park Amount I CRA Area
Gibson 01 jSoutheast/Park West
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Pace $28,130 2 1Omni Redevelopment
iThe next opportunity to request additional funding for this facility is projected'
to be in May 1999 (with actual funds becoming available some time in July, 1999).
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2 This represents the total amount available for the project administration (which
refers to planning, design and project administration costs). It should be noted
that $10,050 out of the $28,130 is currently available. The remaining balance
of $18,080 will be available in January, 1999 (subject to City Commission approval)
a
Expenditures
Contribution to Debt Service (City of Miami) _
Series 1990 Community Redevelopment Bds (357,326)
Department of HUD S_ection_1_08 Loan _
Overtown SE Project (880,836)
(1,238.162)�
(1,238,162).
Grand Total
{51,235162
($1,238,162) $0
Funds available for Administration costs & Project of the
i2,924,W,
$982,941 $1,941,905
Omni & Southeast DPW
Note: Potential contribution of $713,775 for the Performing Arts Center pending legal clarification
TRUST AGENCY
11/10/98436 AM
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EXHIBIT E
CITY OF MIAMI EMPLOYEES
ASSIGNED TO THE SEOPW CRA AND OMNI CRA
Employee Position
Hilda Tejera CRA Administrator (currently serving as
Acting Executive Director)
Hammond Noriega Overtown Community Coordianator
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