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Home My WebLink AboutMCRA-R-09-0001 Legislation• • • City of Miami Legislation MCRA Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 09-00818 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE MIDTOWN COMMUNITY REDEVELOPMENT AGENCY ("CRA"), WITH ATTACHMENT(S), APPROVING AND ADOPTING THE CRA'S PROPOSED GENERAL OPERATING BUDGET AND TAX INCREMENT FUND BUDGET FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2009 AND ENDING SEPTEMBER 30, 2010; DIRECTING THE EXECUTIVE DIRECTOR TO TRANSMIT A COPY OF EACH BUDGET TO THE CITY OF MIAMI AND MIAMI-DADE COUNTY. WHEREAS, the Midtown Community Redevelopment Agency ("CRA') is responsible for carrying out redevelopment activities within the Midtown Community Redevelopment Area; and WHEREAS, as a prerequisite to carrying out Fiscal Year 2010 redevelopment activities, it is required that the CRA Board of Commissioners approve the CRA's proposed Fiscal Year 2010 General Operating Budget and Tax Increment Fund Budget; and WHEREAS, pursuant to Interlocal Agreements, a copy of each budget is to be transmitted to the City of Miami and Miami -Dade County; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE MIDTOWN COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated herein as if fully set forth in this Section. Section 2. The attached CRA General Operating Budget and Tax Increment Fund Budget for the Fiscal Year commencing October 1, 2009 and ending September 30, 2010 are approved and adopted. Section 3. The Executive Director is directed to transmit a copy of each budget to the City of Miami and Miami -Dade County. Section 4. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: JULIE O. BRU GENERAL COUNSEL City' of Miami Page I of I Printed On: 7/17/2009 Community Redevelopment Agency Midtown Tax Increment Fund Fiscal Year 2010 • • MIDTOWN MIAMI SPECIAL REVENUE FUND BUDGET FY 2008 Approved Budget - Midtown Special Revenue FY 2009 Approved Amended Budget - Midtown Special Bevenue FY 2010 Proposed Budget - Midtown Special Revenue Revenues ADVALOREM TAXES - CITY OF MIAMI 478,364 2,098,387 2,098,387 ADVALOREM TAXES - MIAMI DADE COUNT 300,103 1,322,881 1,322,881 MISC - INTEREST MISC - NET INCREASE IN FAIR VALUE CARRYOVER FUND BALANCE 367,971 1,114,409 OTHER NON -OPERATING 20,000 TOTAL REVENUES 1,166,438 4,535,677 3,421,268 Expenditures ACCOUNTING AND AUDIT 7,000 7,000 7,000 PROFESSIONAL SERVICES - APPRAI PROFESSIONAL SERVICES - LEGAL PROFESSIONAL SERVICES - OTHER OTHER CONTRACTUAL SERVICES CONSTRUCTION IN PROGRESS OTHER GRANTS AND AIDS INTERFUND TRANSFER (Administration - 27,354 34,213 34,213 1 %o out of TIF revenue in FY 2010) OTHER CURRENT CHARGES AND OBLIG 4,494,464 3,380,055 BUDGET RESERVE 1,132,084 TOTAL EXPENDITURES 1,166,438 4,535,677 3,421,268 REVENUE LESS EXPENDITURES - - - • • Community Redevelopment Agency - General Operating (SEOPW, OMNI and Midtown) Fiscal Year 2010 SEOPW, OMNI, MIDTOWN AND GENERAL OPERATING FY 2008 Approved Amended Budget General Operating Fund FY 2009 Approved Amended Budget - General Operating Fund FY 2010 Proposed Budget - General Operating Fund Revenues CARRYOVER FUND BALANCE 620,667 443,201 400,000 OTHER INTERFUND TRANSFERS 27,354 34,309 34,213 OTHER INTERFUND TRANSFERS 1,400,000 1,512,700 1,367,002 TOTAL REVENUES 2,048,021 1,990,210 1,801,215 Expenditures REGULAR SALARIES 836,156 884,210 884,210 OTHER SALARIES 52,000 53,560 53,560 FICA TAXES 68,850 66,422 66,422 LIFE AND HEALTH INSURANCE 65,200 48,000 48,000 RETIREMENT CONTRIBUTION 52,237 50,000 50,000 FRINGE BENEFITS 32,400 7,200 7,200 OTHER CONTRACTUAL SERVICE 13,730 13,730 13,730 TRAVEL AND PER DIEM 10,000 8,000 8,000 COMMUNICATIONS 8,908 8,908 8,908 UTILITY SERVICE 18,208 18,208 18,208 INSURANCE 23,800 23,800 23,800 OTHER CURRENT CHARGE 10,000 10,000 10,000 SUPPLIES 12,000 12,000 12,000 OPERATING SUPPLIES 8,000 8,000 8,000 SUBSCRIPTION MEMBERSHIP 1,000 1,000 1,000 MACHINERY AND EQUIPMENT 5,000 5,000 5,000 ADVERTISING 40,000 58,387 58,387 RENTAL AND LEASES 200,000 207,661 207,661 POSTAGE 6,500 20,000 20,000 REPAIR/MAINTENANCE - OUTSIDE 2,000 1,981 1,981 INTERFUND TRANSFER 35,000 50,000 50,000 BUDGET RESERVE 547,032 434,143 245,148 - TOTAL EXPENDITURES 2,048,021 1,990,210 1,801,215 REVENUE LESS EXPENDITURES - - -