HomeMy WebLinkAboutMCRA-R-22-0001 MemorandumMidtown Board of Commissioners Meeting
September 13, 2022
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: 12442
Subject: Midtown CRA's Proposed Budget for
FY '22-'23
Enclosures: 12442 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 2023 proposed budget of the Midtown
Community Redevelopment Agency in the amount of $27,915,017, for the fiscal year
commencing October 1, 2022 ending September 30, 2023. Further directing the
Executive Director to transmit a copy of the 2023 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-22-0001
Midtown CRA
1401 N. Miami Avenue
Miami, FL 33136
www.miamicra.com
File Number: 12442 Final Action Date: 9/13/2022
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE MIDTOWN
COMMUNITY REDEVELOPMENT AGENCY ("CRA"), WITH ATTACHMENT(S),
ACCEPTING AND APPROVING 2023 PROPOSED BUDGET OF THE MIDTOWN
COMMUNITY REDEVELOPMENT AGENCY, ATTACHED AND INCORPORATED AS
EXHIBIT "A", IN THE AMOUNT OF $27,915,017, FOR THE FISCAL YEAR
COMMENCING OCTOBER 1, 2022 AND ENDING SEPTEMBER 30, 2023
RESPECTIVELY; 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 community redevelopment activities and projects within its Redevelopment Area;
and
WHEREAS, as a prerequisite to carrying out the redevelopment activities for Fiscal Year
2022-2023, the Board of Commissioners of the CRA must approve the proposed Tax Increment
budget for the fiscal year commencing October 1, 2022 ending September 30, 2023.
WHEREAS, pursuant to an Interlocal Agreement, as amended, which the CRA is a party
to, 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:
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 CRA hereby approves and adopts the 2023
proposed budget for the fiscal year commencing October 1, 2022 ending September 30, 2023.
Section 3. The Board of Commissioners of CRA hereby ratifies and adopts the current
compensation package of the executive director earned since September 13, 2021.
Section 4. The Executive Director is directed to transmit a copy of each 2023
proposed budget to the City of Miami and Miami -Dade County.
Section 5. This Resolution shall become effective immediately upon its adoption
APPROVED AS TO FORM AND CORRECTNESS:
VICTORIA MENDEZ, GENERAL COUNSEL