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HomeMy WebLinkAboutAgenda Item Summary Form111111 111111 0 R Date: 08/29/2023 AGENDA ITEM SUMMARY FORM File ID: #14538 Commission Meeting Date: 09/09/2023 Requesting Department: Little Haiti Revitalization Trust Sponsored By: Christine King District Impacted: District 5 Type: Resolution Subject: Approve Annual Budget FY '24 - Little Haiti Revitalization Trust Purpose of Item: RESOLUTION TO APPROVE THE LITTLE HAITI REVITALIZATION TRUST'S ANNUAL BUDGET FOR FY2023-2024 IN THE AMOUNT OF $6,449,000.00. Background of Item: Approval of Annual Budget FY 2023-24 for Little Haiti Revitalization Trust, a limited agency and instrumentality of the City of Miami. Budget Impact Analysis Item is Related to Revenue Item is an Expenditure Item is NOT funded by Bonds Total Fiscal Impact: Special Revenue Account No: 10491.900000.439000.0000.00000 Little Haiti Revitalization Trust Office of Management and Budget Office of Management and Budget City Manager's Office Legislative Division Office of the City Attorney Office of the City Attorney City Commission Office of the Mayor Office of the City Clerk Office of the City Clerk Joann Milord Jacques Joseph Marie Gouin Arthur Noriega V Valentin J Alvarez Xavier Alban Victoria Mendez Maricarmen Lopez Mayor's Office City Clerk's Office City Clerk's Office Reviewed B Department Head Review Budget Analyst Review Budget Review City Manager Review Legislative Division Review ACA Review Approved Form and Correctness Meeting Completed Completed Completed Completed Completed Completed Completed Completed Signed by the Mayor Completed Signed and Attested by the City Clerk Completed Rendered Completed 08/29/2023 4:57 PM 08/31/2023 8:58 AM 08/31/2023 10:40 AM 08/31/2023 12:14 PM 08/31/2023 1:16 PM 08/31/2023 1:42 PM 08/31/2023 2:10 PM 09/09/2023 10:00 AM 09/15/2023 1:40 PM 09/15/2023 1:49 PM 09/15/2023 1:49 PM City of Miami Legislation Resolution Enactment Number: R-23-0373 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 14538 Final Action Date:9/9/2023 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE LITTLE HAITI REVITALIZATION TRUST ("TRUST"), ATTACHED AND INCORPORATED AS EXHIBIT "A," IN THE TOTAL AMOUNT OF $6,449,000.00 FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2023, AND ENDING SEPTEMBER 30, 2024; FURTHER APPROVING AND ADOPTING THE TRUST'S ANNUAL MASTER PLAN, ATTACHED AND INCORPORATED AS EXHIBIT "B." WHEREAS, the City of Miami ("City") created and established the Little Haiti Revitalization Trust ("Trust") pursuant to Ordinance No. 13834, adopted April 25, 2019; and WHEREAS, the Trust is responsible for the oversight and facilitation of the City's revitalization and redevelopment activities in the Little Haiti area ("Area"); promoting economic development, business, and commerce in the Area; developing and executing a plan to create jobs, attract industry and facilitate the production of goods and services in the Area for residents and non-residents; and facilitating the development of affordable housing, engaging in homebuyer assistance programs, and marketing the Area to encourage former residents and others to locate to the Area; and WHEREAS, Section 12.5-49 of the Code of the City of Miami, Florida, as amended, provides that the Trust shall submit an annual budget ("Budget") and an annual master plan ("Plan") to the City Commission for approval; and WHEREAS, the governing body of the Trust reviewed and approved the Trust's budget in the amount of $6,449,000.00 for Fiscal Year 2023-2024 on August 29, 2023; and WHEREAS, the Trust requests the approval of the Trust's Budget in the total amount of $6,449,000.00 for the Fiscal Year commencing October 1, 2023, and ending September 30, 2024, attached and incorporated as Exhibit "A", and the Plan, attached and incorporated as Exhibit "B"; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are incorporated as if fully set forth in this Section. Section 2. The Trust's Budget in the total amount of $6,449,000.00 for the Fiscal Year commencing October 1, 2023, and ending September 30, 2024, attached and incorporated as Exhibit "A", and the Plan, attached and incorporated as Exhibit "B", are approved and adopted. Section 3. This Resolution shall be effective immediately upon its adoption and signature of the Mayor.' APPROVED AS TO FORM AND CORRECTNESS: ria i 5 dez, ity Attar ey 8/31/2023 1 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) 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.