HomeMy WebLinkAboutCRA-R-11-0001 01-24-2011 Cover MemoOmni Board of Commissioners Meeting
January 24, 2011
OMNI REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Marc D. Sarnoff
and Members of the CRA Board
From: Pieter A. Bockweg
Executive Director
Date: January 14, 2011 File: 10-01456
Subject: Resolution Authorizing the Reimbursement of
FY'2010 TIF Revenues to the Children's
Trust.
References:
Enclosures: Supporting Documentation; Legislation
BACKGROUND:
It is recommended that the Board of Commissioners of the Omni Redevelopment District Community
Redevelopment Agency ("CRA") approve and adopt the attached Resolution authorizing the reimbursement of
Fiscal Year 2010 tax increment revenues collected by the CRA, in an amount not to exceed $567,028, to the
Children's Trust, Miami -Dade County, an independent special taxing district ("Children's Trust").
The Children's Trust, approved by the voters of Miami -Dade County on September 10, 2002, levies a half -mil
tax on non-exempt real property for the purpose of funding improvements to children's health, development, and
safety. Section 163.387, Florida Statutes, requires taxing authorities to deposit into the redevelopment trust
fund, increment income generated within the community redevelopment area.
The Board of County Commissioners of Miami -Dade County, by Ordinance No. 03-210, adopted on October 7,
2003, requires, as a condition precedent to the County's consideration of any matter concerning the CRA, that
municipalities, in their sole discretion, exempt the Children's Trust from the requirements of Section 163.387,
Florida Statutes.
The Board of Commissioners, by Resolution No. CRA-R-06-0008, passed and adopted on March 9, 2006,
authorized the execution of an Interlocal Agreement which provided for the payment to the Children's Trust of
those increment revenues generated within the redevelopment area by the Children's Trust half -mil levy,
provided that said revenues are not needed for CRA debts or other obligations.
Pursuant to the Interlocal Agreement, the Children's Trust is to use those reimbursed increment revenues for
program and services to children and families within the redevelopment area.
JUSTIFICATION:
Section 2 of the Interlocal Agreement states that the CRA shall "... remit to the [Children's Trust] ... all of the
[Children's Trust] Revenues that are not needed for debt service on, or other obligations relating to, existing
debts of the [CRA] ... .
FUNDING: $567,028 from Omni Tax Increment Fund, "Other Current Charges and Obligations," Account Code
No. 10040.920101.549000.0000.00000.