HomeMy WebLinkAboutCRA-R-11-0001 01-24-2011 Legislation (Signed)City of Miami
Legislation
CRA Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 10-01456 Final Action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA")
AUTHORIZING THE REIMBURSEMENT OF FISCAL YEAR 2010 CHILDREN'S
TRUST REVENUES COLLECTED BY THE CRA, IN AN AMOUNT NOT TO
EXCEED S567,028, 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 FROM OMNI TAX INCREMENT FUND, "OTHER CURRENT
CHARGES AND OBLIGATIONS," ACCOUNT CODE NO.
10040.920101.549000.0000.00000.
WHEREAS, the Children's Trust, Miami -Dade County, an independent special taxing district
("Children's 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 Children's Trust is funded by the levy of a half -mil tax on non-exempt real
) property ("Children's Trust Revenues") approved by the voters of Miami -Dade County on September
10, 2002; and
WHEREAS, Section 163.387, Florida Statutes, requires taxing authorities to deposit into the
redevelopment trust fund, increment income generated within the community redevelopment area; and
WHEREAS, the Board of County Commissioners of Miami -Dade County ("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 a community redevelopment agency, that municipalities, in
their sole discretion, exempt the Children's Trust from the requirements of Section 163.387, Florida
Statutes; and
WHEREAS, the Board of Commissioners, by Resolution No. CRA-R-06-0008, passed and
adopted on March 9, 2006, authorized the execution of an agreement ("Interlocal Agreement") with the
Children's Trust, allowing the Children's Trust to benefit from its levy of a half -mil tax on real property
within the community redevelopment area; and
WHEREAS, 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] . . . ;" and
WHEREAS, the Board of Commissioners wishes to authorize the reimbursement of Fiscal Year
2010 Children's Trust Revenues collected by the CRA, in an amount not to exceed $567,028, to the
Children's Trust, Miami -Dade County;
City of Miami Page 1 of 2 File Id: 10-01456 (Version: 1) Printed On: 12/27/2010
File Number: 10-01456
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE
OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY 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 Fiscal Year 2010 Children's Trust Revenues collected by the
CRA, in an amount not to exceed S567,028, 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 to be allocated 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 0. BRU
GENERAL COUNSEL ,
City of Miami Page 2 of 2 File Id: 10-01456 (Version: 1) Printed On: 12/27/2010