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HomeMy WebLinkAboutMemoLIBERTY CITY R ST Liberty City CommunityRevitalization Trust TO: Honorable Mayor and Members of the City Commission FROM: Elaine H. Black, President/CEO RE: Proposed Operating Budget and Annual Plan for FY2007-2008 DATE: August 15, 2007 RECOMMENDATIONS: It is respectfully requested that the City Commission consider and approve the attached FY2007-2008 Budget and Annual Plan for the Liberty City Community Revitalization Trust. BACKGROUND: The City Commission approved Ordinance No. 12859, creating the Liberty City Community Revitalization Trust. Under Section 2-892 of the Code, the Trust is required to submit a Budget pertaining to the proposed fiscal year expenditures for the management, operation, and maintenance for the year. At the Trust Board of Directors meeting held on April 30, 2007, the Board approved the proposed general fund request for fiscal year ending September 30, 2008. Attached please find the Liberty City Trust Proposed General Fund Request for FY2007-2008 with a copy of the approved resolution transmitting the budget to the City Administration. In conjunction with the submission of the budget, the Liberty City Trust is required to submit an Annual Plan reflecting the proposed operations, activities and improvements of the revitalization initiative for the forthcoming year. Pursuant to Resolution No. 04-0374, adopted June 10, 2004 the City Commission approved the City of Miami's Five Year Consolidated Plan (2004-2009), which outlined the City's various community revitalization strategies. To ensue that Miller Dawkins Pool Complex ♦4800 NW 12th Avenue ♦ Miami, Florida 33127 ♦ Phone: 305.635.2301 • Fax: 305.634.2774 Email: info@LibertyCityTrust.org ♦ Website: www.LibertyCityTrust.org August 15, 2007 Page 2 of 4 the City of Miami's short-term and long-term goals can be accomplished, the Liberty City Trust was created to provide oversight and facilitate the City's revitalization efforts and activities to be undertaken in the Liberty City area. The location of this area which now expands to include I-95 west to the City of Miami boundary and SR 112 north to the City of Miami boundary. The Liberty City Trust in cooperation with the City of Miami and our strategic partners will (1) facilitate the development of the affordable housing - homeownership, rental and supportive services; (2) ensure full employment for residents at a living wage or greater; (3) facilitate residential and commercial development in the area; and (4) facilitate technical and financial assistance for businesses. The Ordinance called for the creation of a Board of Directors that consists of five voting members and one youth, non -voting member which reflect the diversity of the community and share technical, professional expertise or experiential knowledge and interest in the following disciplines: residential construction, development, architect and engineering, planning, zoning and land use law, economic development, historic preservation and restoration, administration, fiscal management and community involvement. One member is appointed by the City Manager and four members and one youth are appointed by District V Commission and confirmed by the City Commission. Board members serving for fiscal year 2007-2008 include the following: David Chiverton (Chairperson): Mr. Chiverton is the Chief Executive Office at Miami Dade Weed and Seed. Erica K. McKinney (Vice -Chair): Ms. McKinney is Assistant to the College President for Public Policy, Miami Dade College. Theodore Carter: Mr. Carter is the Senior Managing Director at CB Richard Ellis. Mr. Carter is responsible for leading the company's efforts in one of the most dynamic real estate markets in the world. Gail Birks (Treasurer): Ms. Birks is the Founding Principal of CMA Enterprise Incorporated. Roy Hardemon: Mr. Hardemon is a community activitists who acts to empower and strengthen the community within which he lives economically, socially and politically. Katrina Peterson is a student at Miami Northwestern High. August 15, 2007 Page 3 of 4 The Board of Directors held their first Board Meeting on March 21, 2007. Committees were formed to address the goals and revitalization of the Liberty City area. The following outlines the goals of the Trust for 2007-2008 as extracted from our three year Master Plan. The Goals have been divided into the areas of Administration, Economic Development, Housing, Community Outreach and Youth and Education. In order to ensure the organization retains focus on these goals we have created subcommittee chairs by the members of the Board for each of these areas. The goals represented are based on the Five Year Consolidated Plan as follows: ECONOMIC DEVELOPMENT There are 18 sites in the Liberty City area that were issued under RFP by the City of Miami. The Trust is charged with assisting the development process. It is our intention to have all these sites under the control of developers and under construction during this fiscal year. There are four major parcels that were previously place on RFP but not awarded. The Trust's aim is to work with Community Development to address the community concerns by a redesign of the RFP to better express the desires of the community. As the awards are made the Trust will be working with developers to speed the delivery of units. The Trust will continue to work with Community Development to bring City resources to maintain the remaining City held properties. HOUSING The Trust will set the goal of ensuring a minimum of 30 single family homeownership units are built in the next year. In addition to this we are working with developers to bring 130 rental units to market with an additional 200 units under construction. Our overall aim is to obtain a minimum 20% occupancy by current area residents in these rental units. Supportive Housing for residents remains a very high priority issue for the Trust. The Trust's goal is to maintain the central clearing house for area residents to locate and access supportive housing. The Trust will deliver several workshops aimed at financial literacy, post home ownership, and credit education. All workshops will be geared towards the improvement of the financial health of residents to create the ultimate goal of home ownership. COMMUNITY OUTREACH We will continue to promote the activity of the Trust, and disseminate pertient information to area residents through quarterly and ad hoc publications. We will ensure current activities aimed at area beautification and work with community stakeholders to further the overall best interests of the community. We are August 15, 2007 Page 4 of 4 working towards lowering crime. The Trust will be working to target police manpower more accurately and to assist the police in identifying and tapping resources to support their mission. YOUTH AND EDUCATION The Trust will establish a Youth Chamber of Commerce aimed at High School students and college freshmen that will expose them to young entrepreneurs in Florida to show what can be achieved, and to encourage early networking. By using the HOT Spots and Keep America Beautiful programs we will promote area beautification and civic pride in Liberty City youth. The Trust will continue to source corporate sponsors to expand financial assistance to the four schools in the area. In order to support the goals previously outlined we anticipate the following changes or improvement will be required to our administration. 1. We need to fill one current vacancy and possibly increase the staff complement by none person. 2. Relocation of the Trust's office. In our current environment privacy for residents. It is impossible for us to currently house the desired additional staff in the current square footage. 3. The Trust intends to identify and seek grant financing to further some of the programs identified.