HomeMy WebLinkAboutMCRA 2013-09-26 MinutesCity of Miami
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Meeting Minutes
Thursday, September 26, 2013
12:00 PM
(OR THEREAFTER)
Miami City Hall
Midtown Community Redevelopment Agency
Francis Suarez, Chair
Wifredo (Willy) Gort, Vice Chair
Marc David Sarnoff, Commissioner
Frank Carollo, Commissioner
Michelle Spence -Jones, Commissioner
OMNI & MIDTOWN CRA OFFICE ADDRESS:
1401 N. Miami Avenue, 2nd Floor, Miami 33136
Phone: (305) 679-6868
www.miamicra.com
Midtown Community Redevelopment Agency
Meeting Minutes September 26, 2013
RESOLUTION
1.
13-01132
Midtown Community
Redevelopment
Agency
Present: Vice Chair Gort, Commissioner Spence -Jones and Commissioner Sarnoff
Absent: Commissioner Carollo and Chair Suarez
On the 26th day of September 2013, the Board of Commissioners of the MIDTOWN Community
Redevelopment Agency of the City of Miami met in regular session at Miami City Hall, 3500 Pan
American Drive, Miami, Florida. The meeting was called to order by Vice Chair Gort at
12: 03p.m. and was adjourned at 12: 05 p.m.
ALSO PRESENT:
Pieter A. Bockweg, Executive Director, CRA
Veronica A. Xiques, Assistant General Counsel, CRA
Todd B. Hannon, Clerk of the Board
MCRA RESOLUTION
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE MIDTOWN
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENTAGENCY
("CRA"), WITH ATTACHMENT(S), APPROVING AND ADOPTING THE CRA'S
PROPOSED GENERAL OPERATING BUDGETAND TAX INCREMENT FUND
BUDGET FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2013 AND
ENDING SEPTEMBER 30, 2014; DIRECTING THE EXECUTIVE DIRECTOR
TO TRANSMITA COPY OF EACH BUDGET TO THE CITY OF MIAMI AND
MIAMI-DADE COUNTY.
13-01132 Cover Memo.pdf
13-01132 Exhibit 1 Prior to Meeting.pdf
13-01132 Exhibit 1.pdf
13-01132 Legislation.pdf
Motion by Board Member Spence -Jones, seconded by Board Member Sarnoff, that this
matter be ADOPTED WITH MODIFICATIONS PASSED by the following vote.
Votes: Aye: Vice Chair Gort, Commissioner Spence -Jones and Commissioner Sarnoff
Absent: Commissioner Carollo and Chair Suarez
MCRA-R-1 3-0002
Board Member Sarnoff: All right, we're ready, Willy.
Vice Chair Gort: Okay, good afternoon. Welcome to the Midtown Community Redevelopment
Agency and the -- their budget.
Pieter Bockweg (Executive Director, Midtown Community Redevelopment Agency): Mr. Vice
Chair, before you is the Omni -- is the Midtown special revenue and operating budget. Per the
global agreements, 99 percent of the TIF (Tax Increment Fund) collected there is going towards
the CDD (Community Development District) to pay off the debt service, and the remainder will
go to the administration, which is 1 percent.
Vice Chair Gort: Did you clarify the debt service, the total amount of the debt service, how
much that's paid to the CRA (Community Redevelopment Agency) and how much is paid by the
individuals?
Mr. Bockweg: The debt service escalates on a yearly basis. I believe this year's debt service is
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Midtown Community Redevelopment Agency
Meeting Minutes September 26, 2013
ADJOURNMENT
about $5 million on that --
Vice Chair Gort: Right.
Mr. Bockweg: -- overall bond. Midtown is obviously limited to the amount of TIF that it
receives, and the CDD covers the difference through their special assessments.
Vice Chair Gort: Okay, thank you. Is there any questions? Do we have any motions?
Board Member Spence -Jones: So move.
Chairman Suarez: Second.
Vice Chair Gort: It's been moved and second; any discussion? Being none, all in favor, state it
by saying "aye.'
The Board (Collectively): Aye.
Todd B. Hannon (City Clerk): And Vice Chair, we will show --
Mr. Bockweg: Thank you.
Mr. Hannon: -- that amended as well, to submit the budget into the record.
Vice Chair Gort: Right.
Mr. Hannon: And the meeting is adjourned.
The meeting adjourned at 12:05 p.m.
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