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0 R
Date: 08/15/2023
AGENDA ITEM SUMMARY FORM
File ID: #14465
Commission Meeting Date: 09/09/2023
Requesting Department: Midtown
Community Redevelopment Agency
Sponsored By:
District Impacted:
Type: Resolution
Subject: Approve Annual Budget FY '24 - Midtown CRA
Purpose of Item:
Midtown CRA's 2023-2024 Proposed General Operating and Tax Increment Fund
Budget Approval.
Background of Item:
Is recommended that the Miami City Commission approves the attached resolution of
the Midtown Redevelopment District Community Redevelopment Agency ("CRA"), with
attachment(s), adopting the Midtown CRA's General Operating Budget and Tax
Increment Fund Budget, for the fiscal year commencing October 1st, 2023, and ending
September 30th, 2024.
Budget Impact Analysis
Item is NOT Related to Revenue
Item has NOT an Expenditure
Item is NOT funded by Bonds
Total Fiscal Impact:
N/A
Reviewed B
Affordable Homeownership Loan Program Task Force
Review Completed 08/15/2023 8:15 AM
Office of Management and Budget
Office of Management and Budget
City Manager's Office
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 Attorney
Office of the City Clerk
Donovan Dawson
Marie Gouin
Natasha Colebrook -Williams
Arthur Noriega V
Valentin J Alvarez
Xavier Alban
Maricarmen Lopez
Maricarmen Lopez
Mayor's Office
City Clerk's Office
Victoria Mendez
City Clerk's Office
Anthony Balzebre Department Head
Budget Analyst Review
Budget Review
Assistant City Manager Review
City Manager Review
Legislative Division Review
ACA Review
Approved Form and Correctness
Meeting
Completed
Completed
Completed
Completed
Completed
Completed
Skipped
Completed
Signed by the Mayor Completed
Signed and Attested by the City Clerk Completed
Approved Form and Correctness Completed
Rendered Completed
08/22/2023 3:11 PM
08/22/2023 4:12 PM
08/24/2023 11:15 AM
08/24/2023 4:00 PM
08/25/2023 10:18 AM
08/30/2023 10:29 AM
09/09/2023 10:30 AM
09/09/2023 10:00 AM
09/15/2023 1:40 PM
09/15/2023 1:49 PM
11/14/2023 10:11 AM
11/15/2023 6:54 AM
City of Miami
Legislation
Resolution
Enactment Number: R-23-0372
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 14465 Final Action Date:9/9/2023
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
ACCEPTING AND APPROVING THE ANNUAL BUDGET OF THE MIDTOWN
COMMUNITY REDEVELOPMENT AGENCY ("MIDTOWN CRA"), ATTACHED AND
INCORPORATED AS EXHIBIT "A", IN THE AMOUNT OF $13,436,326.00, FOR THE
FISCAL YEAR COMMENCING OCTOBER 1, 2023, AND ENDING SEPTEMBER 30,
2024.
WHEREAS, on April 29, 2004, the City Commission adopted Resolution No. 04-0288
authorizing the City of Miami ("City"), Miami -Dade County ("County"), and the Midtown Miami
Community Development District ("District") to undertake certain subsequent legal measures in
accordance with the Community Redevelopment Act of 1969, as amended, under Chapter 163,
Part III, Florida Statutes ("CRA Act"), and to enter into an interlocal agreement dated May 28,
2004 ("Original Interlocal Agreement"), creating the Midtown Community Redevelopment
Agency ("Midtown CRA") within the District under certain conditions to be fulfilled by the District
in connection with the District's intent to issue special assessment bonds for certain capital
improvements; and
WHEREAS, on March 1, 2005, the County Board of County Commissioners ("County
Commission") approved Resolution No. 213-05 adopting a Finding of Necessity and finding that
the Midtown Redevelopment Area ("Midtown Area") was qualified under the conditions of the
CRA Act for creation of the Midtown CRA and delegated to the City Commission the authority to
create the Midtown CRA for the Midtown Area; and
WHEREAS, on March 24, 2005, the City Commission adopted Resolution No. R-05-
0194 creating the Midtown CRA and on May 26, 2005, adopted Resolution No. R-05-0344
authorizing the City Manager to execute the First Amendment to the Original Interlocal
Agreement ("First Amendment") among the City, the County, the District, and the newly created
Midtown CRA; and
WHEREAS, on June 30, 2005, the City, the County, the District, and the Midtown CRA
entered into the First Amendment; and
WHEREAS, on September 23, 2008, the City, the County, the District, and the Midtown
CRA entered into a Second Amendment to the Original Interlocal Agreement ("Second
Amendment"); and
WHEREAS, the Original Interlocal Agreement, as amended by the First Amendment and
the Second Amendment (collectively, "Interlocal Agreement"), requires the Midtown CRA to
submit its annual budget for approvals by the City Commission and the County Commission;
and
WHEREAS, on September 9, 2023, the Board of Commissioners of the Midtown CRA
approved and adopted the Midtown CRA's Proposed Budget for the fiscal year commencing
October 1, 2023, and ending September 30, 2024; and
WHEREAS, the Board of Commissioners of the Midtown CRA requests that the City
Commission approve and adopt the Midtown CRA's proposed budget for the fiscal year
commencing October 1, 2023, ending September 30, 2024, in the total amount of
$13,436,326.00, attached and incorporated as Exhibit "A";
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
approved by reference and incorporated as if fully set forth in this Section.
Section 2. The Annual Budget of the Midtown CRA, attached and incorporated as
Exhibit "A", in the total amount of $13,436,326.00 for the fiscal year commencing October 1,
2023, ending September 30, 2024, is accepted and approved.
Section 3. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.'
APPROVED AS TO FORM AND CORRECTNESS:
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.