HomeMy WebLinkAboutSEOPW CRA 2010-09-27 AgendaCity of Miami
City Hall
3500 Pan American Drive
Miami, FL 33133
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Meeting Agenda
Monday, September 27, 2010
3:00 PM
or thereafter
Miami City Hall
3500 Pan American Drive
Miami, Florida
SEOPW Community Redevelopment Agencies
Richard P. Dunn 11, Chairman
Francis Suarez, Vice -Chairman
Marc David Sarnoff, Commissioner
Wifredo (Willy) Gort, Commissioner
Frank Carollo, Commissioner
CRA OFFICE ADDRESS:
49 NW 5th ST, SUITE 100, Miami, FL 33128
Phone: (305) 679-6800, Fax: (305) 679-6835
SEOPW Community Redevelopment
Agencies
Meeting Agenda September 27, 2010
RESOLUTIONS
1.
10-01149
2.
10-01083
CRA RESOLUTION
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT
AGENCY ("CRA"), WITH ATTACHMENTS, APPROVING AND ADOPTING
THE CRA'S AMENDED TAX INCREMENT FUND AND GENERAL
OPERATING BUDGETS FOR THE FISCAL YEAR COMMENCING
OCTOBER 1, 2009 AND ENDING SEPTEMBER 30, 2010; DIRECTING THE
EXECUTIVE DIRECTOR TO TRANSMIT A COPY OF THE AMENDED
BUDGETS TO THE CITY OF MIAMI AND MIAMI-DADE COUNTY.
File 10-01146 Cover Memo 09-27-2010.pdf
File 10-01146 Legislation 9-27-2010.pdf
CRA RESOLUTION
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT
AGENCY, WITH ATTACHMENT(S), DE -ALLOCATING $6,658,577 IN
UNUSED FUNDS ASSOCIATED WITH PREVIOUSLY AUTHORIZED
PROJECTS, AS MORE SPECIFICALLY SET FORTH IN ATTACHMENT "A."
File # 10-01083 Cover Memo 09-20-2010.pdf
File # 10-01083 Legislation 09-20-2010.pdf
File # 10-01083 Attachment A 09-20-2010.pdf
File # 10-01083 Legislation (2) 09-20-2010.pdf
File 10-01083 Cover Memo 09-27-2010.pdf
City of Miami Page 2 Printed on 9/27/2010
SEOPW Community Redevelopment
Agencies
Meeting Agenda September 27, 2010
3.
10-01163
CRA RESOLUTION
A RESOLUTION OF THE SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY ("CRA") APPROVING A
SETTLEMENT AGREEMENT WITH THE CITY OF MIAMI ("CITY")
PERTAINING TO THE DEMAND BY THE CITY TO BE REIMBURSED BY
THE CRA FOR (i) FUNDS PAID BY THE CITY TO THE CRA TO PAY
OPERATING EXPENSES OF THE CRA BETWEEN FROM FISCAL YEAR
2000 THROUGH FISCAL YEAR 2010 IN THE CLAIMED AMOUNT OF
$5,271,317.00 WHICH FUNDS WERE ADVANCED TO THE CRA AS A
RESULT OF THERE BEING INSUFFICIENT TAX INCREMENT FUNDS
AVAILABLE TO THE CRA TO OPERATE AND (ii) PAYMENTS MADE BY
THE CITY IN THE AMOUNT OF $6,000,000.00 FROM THE CITY'S
GUARANTEED ENTITLEMENT REVENUE FROM THE STATE OF
FLORIDA TO WHICH WERE APPLIED BY THE CITY TO MAKE
PAYMENTS IN CONNECTION WITH THE COMMUNITY
REDEVELOPMENT REVENUE BONDS, SERIES 1990, ISSUED BY THE
CITY ON BEHALF OF THE CRA ("BONDS"). IN CONSIDERATION OF THE
CITY (i) WAIVING ANY AND ALL CLAIMS AGAINST THE CRA FOR
REIMBURSEMENT OF FUNDS ADVANCED BY THE CITY TO THE CRA
TO PAY OPERATING EXPENSES AND ANY OTHER EXPENSES OF THE
CRA PRIOR TO FISCAL YEAR 2011, (ii) ACKNOWLEDGING THAT
PURSUANT TO CITY RESOLUTION 01-588 AND SEOPW/CRA
RESOLUTION 01-68 THE CITY IS OBLIGATED TO PAY $300,000 PER
YEAR IN GUARANTEED ENTITLEMENT REVENUES FROM THE STATE
OF FLORIDA TO PAY DEBT SERVICE IN CONNECTION WITH THE
BONDS UNTIL THE BOND ISSUE IS PAID OFF WITHOUT
REIMBURSEMENT FROM THE CRA, AND(iii) THE CITY RELEASING ANY
OTHER CLAIMS, KNOWN OR UNKNOWN, THAT THE CITY MAY HAVE
AGAINST THE CRA, THE CRA WILL MAKE A ONE TIME PAYMENT TO
THE CITY IN THE AMOUNT OF $4,409,000.00.
File 10-01163 9-27-2010.pdf
File 10-01163 Financial Form 09-27-2010.pdf
File 10-01163 Backup 9-27-2010.pdf
File 10-01163 Legislation 9-27-2010.pdf
City of Miami Page 3 Printed on 9/27/2010