HomeMy WebLinkAboutCRA-R-10-0004 Legislation 2-11-2010City of Miami
Legislation
CRA Resolution
City Hail
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.cam
File Number: 09-01411 Final Action Date:
A JOINT RESOLUTION OF THE BOARDS OF COMMISSIONERS OF THE
SOUTHEAST OVERTOWN/PARK WEST AND OMNI REDEVELOPMENT
DISTRICT COMMUNITY REDEVELOPMENT AGENCIES ("CRAS") AUTHORIZING
REIMBURSEMENT OF FY 2009 TRUST REVENUES COLLECTED BY THE CRAS,
IN AN AMOUNT NOT TO EXCEED $782,373, TO THE CHILDREN'S TRUST,
MIAMI-DADE COUNTY, AN INDEPENDENT SPECIAL TAXING DISTRICT;
AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS
NECESSARY FOR SAID PURPOSE; ALLOCATING FUNDS AS FOLLOWS:
$251,439 FROM SEOPW TAX INCREMENT FUND, "OTHER CURRENT
CHARGES AND OBLIGATIONS," ACCOUNT CODE NO.
10050.920101.549000.0000.0000; AND $530,934 FROM OMNI TAX INCREMENT
FUND, "OTHER CURRENT CHARGES AND OBLIGATIONS," ACCOUNT CODE
NO. 10040.920101.549000.0000.00000.
WHEREAS, the Southeast Overtown/Park West and Omni Redevelopment District Community
Redevelopment Agencies ("CRAs") are responsible for carrying out community redevelopment
activities and projects within their Redevelopment Areas in accordance with their respective
Redevelopment Plans; and
WHEREAS, The Children's Trust, Miami -Dade County, an independent special taxing district
("Trust") was established for the purpose of funding improvements to children's health, development
and safety, and to promote parental and community responsibility for children who reside in
Miami -Dade County; and
WHEREAS, the Trust is funded by the levy of a half -mil tax on nonexempt real property
approved by the voters of Miami -Dade County on September 10, 2002; and
WHEREAS, Florida's Community Redevelopment Act requires taxing authorities to pay
increment income generated within a community redevelopment area to the community redevelopment
agency; and
WHEREAS, on October 7, 2003, the Board of County Commissioners of Miami -Dade County
("Board') adopted Ordinance No. 03-210, which requires, as a condition precedent to the Board's
consideration of any matter concerning a community redevelopment agency, that municipalities, in
their sole discretion, exempt the Trust from the provisions of Florida's Community Redevelopment Act;
and
WHEREAS, the Boards of Commissioners, by Resolution No. CRA-R-06-0008, passed and
adopted on March 9, 2006, authorized the Executive Director to execute an agreement with the Trust
to allow the Trust to benefit from its levy of a half -mil tax on real property located within the CRAs'
Redevelopment Areas; and
City of Miami
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File Number 09-01411
WHEREAS, on August 6, 2007, the Trust, the CRAs. the City of Miami, and Miami -Dade
County entered the Interlocal Agreement authorized by Resolution No. CRA-R-06-0008 ("Interlocal
Agreement''); and
WHEREAS, Section 2 of the Interlocal Agreement provides that the CRAs will "remit to the
Trust . . , all of the Trust Revenues that are not needed for debt service on ... existing debts of the
CRAs:" and
WHEREAS, the Boards of Commissioners wish to authorize reimbursement to the Trust of FY
2009 Trust Revenues collected by the CRAs and not needed for debt service, in an amount not to
exceed $782,373, as provided in the Interlocal Agreement;
NOW, THEREFORE. BE IT RESOLVED BY THE BOARDS OF COMMISSIONERS OF THE
SOUTHEAST OVERTOWN/PARK WEST AND OMNI REDEVELOPMENT DISTRICT COMMUNITY
REDEVELOPMENT AGENCIES 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 reimbursement of FY 2009 Trust Revenues collected from the CRAs, in an
amount not to exceed $782,373, to The Children's Trust, Miami -Dade County, an independent special
taxing district, is authorized.
Section 3. The Executive Director is authorized to execute all documents necessary for
said purpose.
Section 4. Funds are to be allocated as follows: $251,439 from SEOPW Tax Increment
Fund, "Other Current Charges and Obligations," Account Code No. 10050.920101.549000.0000.0000;
and $530,934 from Omni Tax Increment Fund, "Other Current Charges and Obligations," Account
Code No. 10040.920101.549000.0000.00000.
Section 5. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
JULIE O. BRU
GENERAL COUNSEL
Cin' of Miami
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