HomeMy WebLinkAboutMCRA-R-21-0001 MemorandumMidtown Board of Commissioners Meeting
September 13, 2021
MIDTOWN COMMUNITY REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Vice Chair Joe Carollo
and Members of the CRA Board
From:Anthony Balzebre III
Executive Director
Date: May 10, 2023 File: 9553
Subject: Midtown CRA's Proposed Budget for
FY '21-'22
Enclosures: 9553 Exhibit A
BACKGROUND:
It is recommended that the Board of Commissioners of the Midtown Redevelopment
District Community Redevelopment Agency ("CRA") approve and adopt the attached
Resolution, with attachment(s), adopting the 2022 proposed budget of the Midtown
Community Redevelopment Agency in the amount of $20,638,417, for the fiscal year
commencing October 1, 2021 and ending September 30, 2022. Further directing the
Executive Director to transmit a copy of the 2022 proposed budget to the City of Miami
and Miami -Dade County.
JUSTIFICATION:
The Interlocal Agreement requires the Midtown CRA to annually prepare a proposed
budget and to amend the budget so as to reflect the actual tax increment funds received
in the fiscal year.
This Resolution fulfills this requirement.
City of Miami
Legislation
Midtown CRA Resolution
MCRA-R-21-0001
Midtown CRA
1401 N. Miami Avenue
Miami, FL 33136
www.miamicra.com
File Number: 9553 Final Action Date: 9/13/2021
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE MIDTOWN
COMMUNITY REDEVELOPMENT AGENCY ("CRA"), WITH ATTACHMENT(S),
ACCEPTING AND APPROVING 2022 PROPOSED BUDGET OF THE CRA,
ATTACHED AND INCORPORATED AS EXHIBIT "A," IN THE AMOUNT OF
$20,638,418, FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2021 AND
ENDING SEPTEMBER 30, 2022 RESPECTIVELY; DIRECTING THE EXECUTIVE
DIRECTOR TO TRANSMIT A COPY OF EACH BUDGET TO THE CITY OF MIAMI
AND TO MIAMI-DADE COUNTY.
WHEREAS, the Midtown Community Redevelopment Agency ("CRA") is responsible for
carrying out community redevelopment activities and projects within its Redevelopment Area;
and;
WHEREAS, as a prerequisite to carrying out the redevelopment activities for Fiscal Year
2021-2022, the Board of Commissioners of the CRA must approve the proposed Tax Increment
budget for the fiscal year commencing October 1, 2021, ending September 30, 2022; and
WHEREAS, pursuant to an Interlocal Agreement, as amended, of which the CRA is a
party to, a copy of each budget is required to be transmitted to the City of Miami and Miami -
Dade County;
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 Board of Commissioners of the CRA hereby approves and adopts the
2022 proposed budget for the fiscal year commencing October 1, 2021 and ending September
30, 2022.
Section 3. The Executive Director is directed to transmit a copy of the CRA's 2022
proposed budget to the appropriate officials of the City of Miami and of Miami -Dade County.
Section 4. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
VICTORIA MENDEZ, GENERAL COUNSEL