The URL can be used to link to this page

Home My WebLink AboutCRA-R-11-0042 07-25-2011-Revenue Fund Budget4 SEOPW SPECIAL REVENUE FUND BUDGET FY 2012 Budget - SEOPW Special Revenue Revenues * ADVALOREM TAXES - CITY OF MIAMI $5,188,446 * ADVALOREM TAXES - MIAMI DADE COUNTY $3,271,006 CARRYOVER FUND BALANCE $25,367,764 OTHER NON -OPERATING TOTAL REVENUES $33,827,215 Expenditures PROFESSIONAL SERVICES - LEGAL $142,148 ACCOUNTING AND AUDIT $36,500 PROFESSIONAL SERVICES - OTHER $807,439 OTHER CONTRACTUAL SERVICES $432,587 INTERFUND TRANSFER (Debt Service) $1,698,471 OTHER CURRENT CHARGES AND OBLIG $465,702 INTERFUND TRANSFER (Administration) $1,000,958 INTERFUND TRANSFER (Grant) $500,000 CONSTRUCTION IN PROGRESS $21,987,604 OTHER GRANTS AND AIDS $6,555,807 BUDGET RESERVE $200,000 TOTAL EXPENDITURES $33,827,215 REVENUE LESS EXPENDITURES So * Taxable Value In the CRA District -(Attached DR-422 Form) Less Base Value (1982) Tax Increment Value Divided by Multiplied by City Millage (estimate) County Mlllage (estimate) Gross Ad Valorem - City of Miami Gross Ad Valorem - Miami Dade County FY 2010 Estimated Ad Valorem Value Adjustment Divided by Multiplied by City Mlllage (estimate) County Millage (estimate) FY 2010 Estimated Ad Valorem Adjustment (City of Miami) FY 2010 Estimated Ad Valorem Adjustment (Miami Dade County) Net Ad Valorem - Clty of Miami Net Ad Valorem • Miami Dade County $929,997,146 ($78,305,502) $851,691,644 51,000 95% 7.674 4.838 $6,209,088 $3,914,460 $140,000,000 $1,000 95% 7.674 4.838 (1,020,642.00) (643,454.00) $5,186,446 $3,271,006 Funding Source Description Category Reso # Amount Budgeted Amount Expended Remaining Balance Carryover Fund Balance FY 2012 TIF Revenue Professional Services - Legal 1 External Legal Counsel Services (Holland & Knight, LLP) Admin 10-0048 $75,000 $57,852 $17,148 $17,148 2 FY 2011 Available for External Legal Counsel Services (Holland & Knight, LLP) Admin NR $125,000 $125,000 $125,000 Accounting and Audit 3 FY 2011 External Audit - Sanson Kline Jacomino & Company, LLP Admin NR $36,500 $36,500 $36,500 Professional Services - Other 4 Akerman Senterfitt & Eidson, PA - Lobbyist Federal Government - Expires in Feb 2011. Admin 11-0017 $48,000 $48,000 $48,000 5 Doug Bruce & Associates Lobbyist Florida State Government Commencing July 2010 Admin 10-0051 $62,600 $30,476 $32,124 $32,124 6 The Curtis Group - DRI (Increment III) Admin 08-0043 $743,500 $446,852 $296,648 $296,648 7 The Curtis Group - Miami Worldcenter - DRI Admin 09-0010 $500,000 $269,421 $230,579 $230,579 8 Creative Ideas - Marketing * Admin 07-0026 $25,000 $24,912 $88 588 9 Available for Other Professional Services Admin NR $200,000 $200,000 $200,000 Other Contractual Services 10 Underpower - Street Light Maintenance May 2009-2010/2010-2011 * Quality of Life 09-0038 $80,000 $56,644 $23,356 $23,356 11 Horsepower Electric, Inc. - Streetlight Maintenance Quality of Life 11-0022 $25,000 $25,000 $25,000 12 Horsepower Electric, Inc. - Streetlight Maintenance Quality of Life NR $25,000 $25,000 $25,000 13 9th Street Pedestrian Mall (Maintenance)* Quality of Life 10-0067 $40,000 $36,200 $3,800 $3,800 14 FPL installation and one ' year main lighting along FE Coast Railway * Quality of Life 09-0028 $18,000 $18,000 $18,000 15 Landscape Maintenance (CRA Owned Vacant Lots) • Quality of Life 10-0005 $65,586 $51,478 $14,108 $14,108 16 Landscape Maintenance (CRA Owned Vacant Lots) Quality of Life 11-0015 $35,064 $8,766 $26,298 $26,298 17 Landscape Maintenance (CRA Owned Vacant Lots) Quality of Life NR $35,064 $35,064 $35,064 2 18 Demolation and removal of the buildings at 163 NW 11th St and 1020- 1024 NW 2nd' Quality of Life 10-0003/ 10-0058 $59,664 $59,664 $59,664 19 Available for Other Contractual Services Quality of Life NR $202,297 $202,297 $202,297 Subtotal $2,401,275 $982,601 $1,418,674 $1,418,674 $0 $1,418,674 Total Budget Amount • Remaining Balance will be considered for deobligation NR - No CRA Resolution R - CRA Resolution Passed $1,418,674 $623,861 $794,813 $1,418,674 Professional Services (Legal) $142,148 Accounting and Audit $36,500 Profesional Service (Other) $807,439 Other Contractual Services $432,587 $1,418,674 3 Funding Source Description Category Reso # Amount Budgeted Amount Expended Remaining Balance Carryover Fund Balance FY 2012 TIF Revenue Interfund Transfer (Debt Service) 1 FY 2011-2016 Loan Payment Gibson Park/Sunshine State Loan - $8 million - Third Payment Park and Open Spaces Motion passed on March 15, 2010 $1,048,471 $1,048,471 $1,048,471 2 Available for Bond Series 1990 - In the event that City of Miami cancels the pledge of $300K per year from the proceeds of its Guaranteed Entitlement Revenue Infrast Bond Series 1990- Requires Board Approval $600,000 $600,000 $600,000 3 FY 2012 Interest Bond Series 1990 Infrast FY 2012 Budget $50,000 $50,000 $50,000 Other Current Charges and Obligations 4 FY 2011 Children Trust Fund Quality of Life Interlocal Agreement $465,702 $465,702 $465,702 Interfund Transfer (Administration) 5 FY 2012 SEOPW TIF Contribution - General Operating Fund Interfund Transfer (Admin) FY 2012 Budget $1,000,958 $1,000,958 $1,000,958 Interfund Transfer (Grant) 6 Overtime Police Visibility Pilot Program IV Quality of Life NR $500,000 $500,000 $500,000 Subtotal $3,665,131 50 S3,665,131 $2,664,173 $1,000,958 $2,664,173 $1,000,958 Total Budget Amount NR - No CRA Resolution R - CRA Resolution Passed $3,665,131 $1,100,000 $2,565,131 $3,665,131 Other Current Charges and Obligations $465,702 Interfund Transfer (Grant) $500,000 Interfund Transfer (Debt Service) $1,698,471 Interfund Transfer (Administration) $1,000,958 $3,665,131 4 Funding Source Description Category Reso # Amount Budgeted Amount Expended Remaining Balance Carryover Fund Balance FY 2012 TIF Revenue Construction in Progress 1 Jint Holding (33 unit rehab) Affordable Workforce Housing 09-0009 $620,000 $605,922 $14,078 $14,078 2 St John Apts (Interiors) Affordable Workforce Housing 08-0063 $400,000 $230,542 $169,458 5169,458 3 Poinciana Village - fencing Around the Pool • Affordable Workforce Housing 10-0024 $15,000 $14,950 $50 $50 4 FY 2011 Available for other affordable / workforce housing projects / 1201 NW 3rd Ave (Ramon Cortada Building) Affordable Workforce Housing 06-0045/ 08-0037 $10,409,865 $10,409,865 $10,409,865 5 FY 2012 Available for other affordable / workforce housing projects / 1201 NW 3rd Ave (Ramon Cortada Building) Affordable Workforce Housing 06-0045/ 08-0037 55,458,494 $5,458,494 $5,458,494 6 Purchase of property located at 921 and 925 NW 2nd Avenue Affordable Workforce Housing 11-0031 $247,500 $247,500 $247,500 7 Overtown 3rd Avenue Business Corridor Streetscape Project. The encumbrance for sidewalks in the amount of $850,000 has been included for the conclusion of this project. Infrast 07-0038/ 08-0073 $5,200,000 $4,298,729 5901,271 $901,271 8 Ward Rooming House - Interior Build Out Infrast 07-0041 5450,000 $403,746 $46,254 $46,254 9 St. John Community Development - Facade Improvements • Infrast 05-0010 $252,000 $251,887 $113 $113 10 Greenway Project Infrast 11-0032 $1,120,088 $1,120,088 $1,120,088 11 276 NW 9th St Parking Lot Development Infrast NR $155,000 $155,000 $155,000 12 Overtown Greenway Connections Project (Design Services) Infrast NR $150,000 $150,000 $150,000 13 NW 3rd Avenue Phase 2 (Design Services) Infrast NR $150,000 $150,000 $150,000 14 Church Interior Buildout Infrast 10-0102 $1,500,000 $29,498 $1,470,502 $1,470,502 15 Beautification of Parking Lots around the AAA. ($75K Grant to the Miami DDA) Infrast 10-0087 $175,000 $1,176 $173,824 $173,824 16 Grant to DDA-Planters Infrast 10-0100 575,000 $75,000 $75,000 17 Streetscape Improvements NW 3rd and NW 1st Ave, and NW loth and NW 14th - Construction Phase. Infrast 09-0034 $1,800,000 $1,353,893 $446,107 $446,107 5 18 Gibson Park (New Construction) Parks and Open Spaces 09-0012 $1,000,000 $1,000,000 $1,000,000 Subtotal $29,177,947 $7,190,343 $21,987,604 $16,529,110 $5,458,494 $16,529,110 $5,458,494 Total Budget Amount * Remaining Balance will be considered for deobligation NR - No CRA Resolution R - CRA Resolution Passed $455,000 $21,532,604 $21,987,604 $ 21,987,604 6 Funding Source Description Category Reso it Amount Budgeted Amount Expended Remaining Balance Carryover Fund Balance FY 2012 TIF Revenue Other Grants and Aids 1 The Pepper Shaker Company, Inc-Cine Lab young Filmmaker's Workshop. • Arts and Culture 10-0041 $50,000 $44,100 $5,900 $5,900 2 Propops Foundation Inc. Camp Red Basketball Clinic • - Quality of Llfe 11-0007 $10,000 $8,935 $1,065 $1,065 3 FY 2010 Art Basel • Arts and Culture 10-0066 $50,000 $20,776 $29,224 $29,224 4 Stop the Violence Overtown Run - Booker T. Washington - May 22, 2010 • Quality of Life 11-0009 $14,300 $11,601 $2,699 $2,699 5 Security Cameras Quality of Life 08-0023 $500,000 $500,000 $500,000 6 Overtime Police Visibility Pilot Program II • Quality of Llfe 09-0022 $284,000 $264,848 $19,152 $19,152 7 Overtime Police Visibility Pilot Program III Quality of Life 10-0047 5500,000 $190,281 $309,719 $309,719 8 Camillus House - FY 2011(2nd Payment) Quality of Life 10-0040 $2,000,000 $2,000,000 $2,000,000 9 Camillus House Construction Institute Job Creation NR $233,740 $233,740 $233,740 10 Overtown Enhancement Team Job Creation 11-0030 $200,000 $200,000 $200,000 11 Two Guys Restaurant, Inc - Design Build Renovation Job Creation 10-0016 $260,000 $3,277 $256,723 $256,723 12 New Arena Square Retail Business Job Creation 07-0051 $240,000 $220,813 $19,187 $19,187 13 New Arena Square Retail Business - Three (3) additional bays Job Creation 09-0039 $130,000 $130,000 $130,000 14 Youth Summer Employment Program - Keep Miami Beautiful, Inc • Job Creation 10-0050 $240,000 $238,886 $1,114 $1,114 15 Youth Summer Employment Program - Urgent Inc Job Creation 11-0027 $322,317 $1,926 $320,391 $320,391 16 NANA - Business Training Program Job Creation 10-0021 $30,000 517,942 $12,058 $12,058 17 Small Business Economic Stimulus 1 Job Creation 09-0004 $50,000 $29,038 $20,962 $20,962 18 Small Business Economic Stimulus II lob Creation 10-0022 $50,000 $4,857 $45,143 $45,143 19 Hospitality Institute along with Miami Dade Community College Job Creation 08-0046 $100,000 $91,631 $8,369 $8,369 20 Hospitality Institute along with Miami Dade Community College - ending 12/2010 Job Creation 10-0025 $100,000 $100,000 $100,000 7 21 Hospitality Institute along with Miami Dade Community College. ending 12/2010 Job Creation 10-0059 $65,000 $65,000 $65,000 22 DMP Wrap Around Program -pending 4/2010 Job Creation 10-0027 $325,000 $187,963 $137,037 $137,037 23 FY 2010 Monthly open market to be held for six consecutive months, on the 9th Street Pedestrian Mall.' Job Creation 11-0005 $17,500 $15,814 $1,686 $1,686 24 FY 2010 Monthly open market to be held for six consecutive months, on the 9th Street Pedestrian Mall.' Job Creation 10-0017 $50,000 $41,915 $8,085 58,085 25 FY 2011 Monthly open market to be held for six consecutive months, on the 9th Street Pedestrian Mall. Job Creation 11-0016 $100,000 $19,950 $80,050 $80,050 26 Suited for Success, Inc- Professional Image and Business Etiquette Job Creation 10-0064 $50,000 $21,973 $28,027 $28,027 27 Film,Media and Entertainment Capital Outlay Program ($250,000) Job Creation 10.0065 $200,000 $200,000 $200,000 28 GC Lounge, Inc. - Film Initiative Capital Outlay Program Job Creation NR $50,000 $50,000 $50,000 29 Grant to Omni Park West Redevelopment Association for Multi -Use Outdoor Festival Space Quality of Life 11-0006 $200,000 $200,000 $200,000 30 City of Miami Grant - For a transportation and traffic engineering impact study/Historic Building Project - Rehab Masonic Lodge Infrast NR $300,000 $300,000 $300,000 31 FY 2012 Youth Summer Employment Program Job Creation NR $325,000 $325,000 $325,000 32 Mt. Zion Mixed - Use Development Affordable Workforce Housing NR $670,000 $670,000 $670,000 33 Roots in the City • Job Creation 10-0028 $100,000 $99,461 $539 $539 34 Roots in the City (Equipment)' Job Creation 09-0046 S10,000 $9,852 5148 $148 35 Roots In the City - Net Office )Reimbursement to the City of Miami) Northbound and Southbound lanes 1-95, South 395 and North of NW 11 terrace and Southbound exit of NW Rth Ct Job Creation NR $80,000 $80,000 580,000 36 Available for Job Creation Program Job Creation NR $194,789 $194,789 $194,789 Subtotal $8,101,646 $1,545,839 $6,555,802 $4,555,807 $2,000,000 54,555,807 52,000,000 Total Budget Amount ' Remaining Balance will be considered for deobligation NR - No CRA Resolution R - CRA Resolution Passed $1,854,216 $4,701,591 $6,555,807 $6,555,807 8 TAX INCREMENT ADJUSTMENT WORKSHEET Rule 12DERI 1-10 Florida Admintslralive Code >at.05/11 Year: 2011 • County: MIAMI-DADS : Principal Authority : BOARD OF COUNTY COMMISSIONERS Taxing Authority : COUNTY OPERATING' Community Redevelopment Area SOUTHEAST OVLR1't3WN/PARIf WEST Base Year: ' 1982 SECTION i COMPLETED BY PROPERTY APPRAISER 1. Current year taxable value In the"tax fncreirientarea $;".. :: ,g g,gg,,146 (1) 2. • Base year taxable value In the tax Increment area . ; $ 78,305,502 (2) 3," Current year tax Increment value (Line 1 minus Line 2) $• .. " 851,691,644 (3) 4.• Prit)r year Flnal'taxable value In the tax increment area • $ 895,420,825 (4) S• Prior year tax Increment value (Line 4 tnlnus Line 2) . $;... 817,115,323 (5) SIGN ,• mai Property Appraiser Certification I certify the taxable values above are correct to the best of my knowledge. ' Signature of Prop raiser: Date Jul 1, 2011 6. If the amount to be paid to the redevelopment trust fund IS BASED on••a spetIFlc proportion of the taxitkrement value:' •• • • • 6a. Enter the proportion on which the payment Is based. 9t,• (6a) 6b. Dedicated Increment value (Line 3 multiplied by the percentage on Line 6a) if value lsiero arless`thcin zero, then eriterkerb on Line 6b (6b) 6c. Amount of payment to redevelopment trust fund In prior year (6c) 7, Ifth¢ amount to be paid to the redevelopment trust fund IS NOT BASED on a specific proportion of the tax increment value: 7a. Amount of payment to redeveldpmerittrpst fund•in prior year S. (7a) 7b. Prlor year operating `m'IIIIage levy frorn:Form DR420, Line 10 Per $1,000 (7b) 7c. Taxes Ievled on prior year tax increment value (Line 5 multiplied by Line 7b, divided by 1,000) (7c) 7d. Prior year payment as proportion of fti>ze3 Ievled on Increment value (Line 7a divided by Line 7c, multiplied by 100) (7d) 7e, Dedicated Ir creh'ent value (Linea mriltiplled bytheliercentageon One 7d)°`' ' If value Isidro or less than trero; then enterzero an Line 7e $ (7e) Gy N H R E Taxing Authority Certification I certifithe calculations; milfages and rates are correct to the best of my knowledge. Slgnattire'of Chief Administrative"Offkcer: Date : Title : • Contact Name and Contact Title : •.• Mailing Address : Physical Address : City, State, ZIp : Phone Number : Fax Number: TAX INCREMENT. ADJUSTMENT WORKSHEET • _A.. 4, flute 12DER11-10 Florida Administrative Code EH. 05/11 Year: 2011 '.'.• '.''• ,. -•- = •:: 2:- ,:' County:. - MIAMI-DADE - • .. - •. ... • Principal Authority : ,. .... , .- BOARD OF COUNTY. COMMISSIONERS .. . : . ..r.--f•s, , Taxing Authority :. : •:" • ' • _•.'• • ! : ; - :, COUNTY OPERATING :-•-• ...- , - ••! .: ,.. • .. .,. .. Community Redevelopment Area :..., • SE OVERTOWN/PARK WEST 20b9 ADDN ' •2009 . . ... -, Base Year SECTION I -3 COMPLETED BY PROPERTY APPRAISER 1. Current ieit table value In the'tak'larefrient area , • 80,141,008 (1) 2: • • • , Bisei; year taxable Vilue In the caxin'cietinerit area ' .„_ ...,._, . . . , .. $ :-....1- .• .,.- • '• •:'' • . 99,364,621 (2) 3i.._ Current year tax increment value (Line 1 minus Line 2) . .--ei • (3) 4. Prior year FiKal•taxable alitin the faX increMentarea... S ,.. " . ' • 734.01,334 (4) 5. . ...-, -•... Prior year tax'increMent 6I•ue (Line 4 tninui Line2). .• . • .. • , 1 : - • $..t -: :, , - :, • • • :. : • , -26,263,287 (5) S GN Property Appraiser Certification I certify the taxable values above are correct to the best of my knowledge. Hsii Signature' of Pro r r::,;,::•••.: ' .... ,... • ,, .. ,.. .,.„ P' eMnatM. ' • rir",; 6.1f the amount to be paid to•the redevelopment trust fundIS BASED otc.a sped& pkipoition bf the tax•inceement vallte:","''', - ; •••• 6a. — . • • . Enter the proportion on which the payment is based, •- : • 96' •(6a) 6b. Dedicated increment value (Line 3 multiplied by the percentage on Line 6a) If value 13:iiio 'a le-ssihithiero.itheii ititerldro on Line 6b '' r ' - $" ' ' . : • ' ' i . .:- .. IOW 6c, Amount of payment to redevelopment trust fundin prior year $ . (6c) 7: If the amount to he bald tOtheiedPvelOPOO.nt trust fund 1NOT BASED on a specific proportion of the tax Increment value: .7a. Amount of payment to redevelopment trust fund In prior year $ . . (7a) 7b. Prior year operatInOrilllideleihifitorn Foini Dit420,Line 10 , _ •'• .:,. • :. ...,„ . • . -,.!..-k ,-. , .. per 0,000 (7b) 7c. . Taxes levied on prior year tax Increment value ••$ (Lines multiplied byline 7b, divided by 1,000) . • • (7C) 7d. Prior 'Year paynient atPrOPOrtIon Of taXes'levi ed 'on Increment value ' • (Line 7a divided by Line 7c, multiplied by 100) • • • • -46 (7d) . ' 7e. bPdkited In'Crement yak/0 11.frie Y fiialtiPiled by the peicen rage on Line 7d) ' . : . If value kieroor les§ than zero, then enter .zero on line 7e i ' ' . ,• , (7e) Taxing Authority Certification I ceitlfy the calculations, millages and rates are correct to the best of my knowledge. s I Signature of Chief AdministrotiVe Officer: • ,. - . . , . , . Date: .:••• ..' • , ' • • - ; ; - • • •;:... .... . , , ., .: . , . ,, i ::: i.*r :.• , G N Title : Contact Name and Contact Title : .. . . H_ E Mailing Address: •. i• , . ,. • Physical Address: . E City, State, Zip : . . . . . . . •. .. . • . • . • , . .• • . . Phone Number : • Fax Number : f tr,f:/OA Fed TAX INCREMENT ADJUSTMENT WORKSHEET • Rule I2DER11-10 Florida Administrative Code Eff. OSP 1 Year: 2011' '' = r • ... County: ... MIAMI-DADS Principal Authority : •.:,-, :. : BOARD OF COUNTY COMMISSIONERS Taxing Authority : ' . : COUNTY OPERATING Community Redevelopment Area : PARK WESTADDITIoN•,,,::.. Base Year : 1985 • ''.. = •', .... SECTION I : COMPLETED BY PROPERTY APPRAISER 1. Current year taxable value In the tali Increment area $ . 27,274,511 (1) 2: Base year taxable value In the faX Increment area.::'. 5 . • 37,461,910 (2) 3. Current year tax Increment value (Line 1 minus Line 2) S ' ' ' ' '40,187,399 (3) 4. prior year Finai'taxable value In die tali Ihcremerit area. $ 25,575,875 (4) 5, Prior year tax' lncrement-value (Line 4minitsLlne2) $ _ -11,886,035 (5) SGN HERE Property Appraiser Certtffcation I certify the taxable values above are correct to the best of my knowledge. Signature of Pt6 : e y pra 1!,s,:... ' •.: pate :, , July1.2011 yL�.. r` T - ,. F `' a: ...., 6. If the amount to be paid to the redevelopment trust fund IS BASED on a speclf)t proportion of the tax increment value: ' .' . • ... • 6a. Enter the proportion on which the payment Is based. 96' (6a) 6b.Dedicated Increment value (Line 3 multiplied by the percentage on Line 6a) if value Is zero or les's•than zero, then enterzero on We 66 $ (6b) 6c. Amount of payment to redevelopment trust fund to prior year $ : ,• (6c) 7. If tijeamouni to be paid to the redevelopment trust fund I5 NOT BASED on a specific proportion of the tax Increment value: 7a. Amount of payment to redevejopment•trust fund in prior year $ (7a) 713. Prior year aperatirlg'ttilllage'levy frottt For'i11•DR'420; Line 10 . .. . .. . . ;:. per$1,000. (7b) 7c . Taxes levied on prior year tax Increment value (Lines multiplied by tine 7b, divided by 1,000) $ . _• (7c) 7d Prior year pajanent as proportion of taice3 levied on Inclement value (Line 7a divided by Line 7c, multiplied by 100) % (7d) • 7e: DedfdAted Increment value (Line 3 multiplied by'the percentage On Line 7d) • - If value Is zero or less than zero, then enter Zero on Line 7e $ ! .. . •. (7e) G N H R E Taxing Authority Certification 1 certlfythe calculations, millages and rates are correct to the best of my knowledge. Signature of ChlefAdmInlstratIveOfficer : • • Date : '• ' ` :• • .. •• • .. .•f:• , , • , Title : • Contact Naine and Contact Title ; . • ..... Mailing Address : Physical Address : ' City, State, Zip: Phone Number: Fax Number: