The URL can be used to link to this page

Home My WebLink AboutCRA-R-12-0015 SEOPW Special Rev. Budget FY 12SEOPW SPECIAL REVENUE FUND BUDGET FY 2012 Amended Budget SEOPW Special Revenue Revenues * ADVALOREM TAXES - CITY OF MJAMI * ADVALOREM TAXES - MIAMI DADE COUNTY CARRYOVER FUND BALANCE OTHER NON -OPERATING $4,951,081 $3,147,216 $24,480,990 TOTAL REVENUES Expenditures PROFESSIONAL SERVICES - LEGAL ACCOUNTING AND AUDIT PROFESSIONAL SERVICES - OTHER OTHER CONTRACTUAL SERVICES LAND INTERFU ND TRANSFER (Debt Service) INTERFUND TRANSFER (Administration) INTERFU ND TRANSFER (Grant) CONSTRUCTION IN PROGRESS OTHER GRANTS AND AIDS BUDGET RESERVE TOTAL EXPENDITURES REVENUE LESS EXPENDITURES $32,579,287 $205,0(70 $28,500, $485,150 $213,886 $847,500 $1,496,695 $1,013,886 $356,330 $19,040,141 $8,792,199 $100,000 $32,579,287 $0 * Taxable Value in the CRA District • (Attached DR-422 Form) Less Base Value (1982) Tax Increment Value Divided by Multiplied by City M illage (Actual) County M18age (Actual) Gross Ad Valorem - City of Miami Gross Ad Valorem - Miami Dade County FY 2009-Adjustment Detail - Value Adjustment Board Divided by Multiplied by City Millage (Actual) County Milgpe (Actual) fY 2009 - Adjustment Detail - Value Adjustment Board (City) FY 2009 - Adjustment Detail - Value Adjustment Board (County) Net Ad Valorem • City of Miami Net Ad Valorem - Miami Dade County 2/17/201210:12 AM 1 5929,997,146 ($78,305,502) 5851,691,644 $1,000 9S% 7.5710 4.8050 56,125,750 $3,887,759 $161,127,628 51,000 95% 7.6740 4.8379 )1,174,668.75) (740,54338) $4,951,081 $3,147,216 Submitted into the public record in connection with item > on : '2-11Iz-. Priscilla A. Thompson City Clerk Description 1 Category Professional Services - Legal 1 FY 2012 Available for Admin il External Legal Counsel Services (Holland & Knight, LLP) 2 FY 2012 Available for Admin Funding Source Reso 8 Amount Budgeted Amount Expended Remaining Balance Carryover Fund Balance FY 2012 TIF Revenue External Legal Counsel Services (Holland & Knight, LP) 11-0051 $125,000 $125,000 $125,000 NR $80,000 $80,000 $80,000 Accounting and Audit 3 FY 2011 External Audit - Admin Sanson Kline Jacomino & Company, LIP Professional Services - Other 4 Akerman Senterfltt & Admin Eidson, PA - Lobbyist Federal Government - Expires in Feb 2011, 5 Doug Bruce & Associates Admin - Lobbyist Florida State Government Commencing July 2010 11-0035- $33K $36,500 $8,000 $28,500 $28,500 11-0017 10-0051 $48,000 $62,600 $37,937 $48,000 $24,663 $48,000 $24,663 6 The Curtis Group - DRI Admin {Increment HI) 7 The Curtis Group - Miami Admin Worldcenter- DRI 8 Marketing Campaign - Job Creation 3rd Avenue Business Corridor 9 CRA Owned Lyric Admin Theater Plaza and Block 36 08-0043 09-0010 $743,500 5500,000 $594,489 $303,921 $149,012 $196,079 $149,012 $196,079 NR $30,000 $30,000 $30,000 11-0047 $50,000 $12,604 $37,396 $37,396 Other Contractual Services 10 Horsepower Electric, inc. Quality of - Streetlight Life Maintenance 11-0022 $25,000 $1,476 $23,524 $23,524 11 Horsepower Electric, Inc. Quality of - Streetlight Life Maintenance (Outside Normal Scope of Work) NR 525,000 $25,000 $25,000 12 Landscape Maintenance Quality of (CRA Owned Vacant Life Lots) 11-0015 $42,864 $17,532 $25,332 $25,332 2 Submitted into the public record in connec ion with item ite, on 2 2. Priscilla A. Thompson City Clerk Funding Source Description 13 Landscape Maintenance (CRA Owned Vacant Lots) (Outside Normal Scope of Work) Category Reso ft Amount Budgeted Amount Expended Remaining Balance Carryover Fund Balance FY 2012 TIF Revenue Quality of Life NR $38,963 $38,963 $38,963 14 Demolition and removal of the buildings at 163 NW llth St and 1020- 1024 NW 2nd 5 Available for Other Contractual Services Quality of Life 10-0003/ 10-0058 $59,664 $59,664 $59,664 Quality of Life NR $49,100 $7,697 $41,403 $41,403 Subtotal $1,916,191 $983,656 $932,536 $932,536 so Total Budget Amount NR - No CRA Resolution R - CAA Resolution Passed Professional Services (Legal) Accounting and Audit Professionai Service (Other) Other Contractual Services $215,366 $717,170 $932/536 $205,000 $28,500 $485,150 $213,886 $932,536 3 5932,536 $0 $932,536 Submitted into the public record in connection with item on Priscilla A. Thompson City Clerk Funding Source Description Category Reso it Amount Budgeted Amount Expended Remaining Balance Carryover Fund Balance FY 2012 TIF Revenue Interfund Transfer (Debt Service) 1 2 3 FY 2011-2016 Loan Payment Gibson Park/Sunshine State Loan - $8 million - First Payment FY 2011-2016 Loan Payment Gibson Park/Sunshine State Loan - $8 million - Second Payment FY 2011-2016 Loan Payment Gibson Park/Sunshine State Loan - $8 million - Third Payment Park and Open Spaces Park and Open Spaces Park and Open Spaces Motion passed on March 15, 2010 Motion passed on March 15, 2010 Motion passed on March 15, 2010 $72,400 $117,600 $1,260,470 $72,400 $117,600 $1,260,470 $72,400 $117,600 $1,260,470 4 FY 2012 Interest Bond Series 1990 Infrast FY 2012 Budget $46,225 $46,225 $46,225 Interfund Transfer (Administration) 5 FY 2012 SEOPW TIF Contribution - Genera! Operating Fund Interfund Transfer (Ad min) FY 2012 Budget $1,013,886 51,013,885 $100,000 $913,886 Land 6 Purchase of property located at 402 NW 8th St; 728 NW 4th Ave, and 734 NW 4th Ave Affordable Workforce Housing 11-0031 $247,500 $247,500 5247,500 7 Real Estate Acquisition Affordable Workforce Housing NR $600,000 $60Q000 $600,000 Interfund Transfer (Grant) 8 Overtime Police Visibility Pilot Program Iti Quality of Life 10-0047 $500,000 $393,670 $106,330 $106,330 9 Overtime Police Visibility Pilot Program IV Quality of Life 11-0059 $250,000 $250,000 $250,000 Subtotal $4,108,081 $0 $3,714,411 $2,550,525 $1,163,886 Total Budget Amount NR - No CRA Resolution R - CRA Resolution Passed Land Interfund Transfer (Grant) Interfund Transfer (Debt Service) Interfund Transfer {Administration) $600,000 $3,114,411 $3,714,411 $847,500 $356,330 $1,496,695 $1,013,886 S3,714,411 4 $2,550,525 $1,163,886 $3,714,411 Submitted into the public record in connection with item *S on Priscilla A. T ompson City Clerk 2 Description Category I Reso 4 Construction in Progress 1 St John Apts (Interiors) Affordable 08-0063 Workforce Housing 2 FY 2011 Available for Affordable 06-0045/ other affordable / Workforce 08-0037 workforce housing Housing projects / 1201 NW 3rd Ave (Ramon Cortada Building) 3 Overtown 3rd Avenue Infrast 11-0061 Business Corridor Streetscape Project. (Trees) 4 Town Park Village 40 Affordable NR Year Recertification Workforce Housing 5 Overtown 3rd Avenue Infrast 07-0038/ Business Corridor 08-0073 Streetscape Project. The encumbrance for sidewalks in the amount of $850,000 has been included for the conclusion of this • roiect, 6 Greenway Project Infrast 11-0032 7 276 NW 9th St Parking Infrast 11-0037 Lot Development 8 Community Center Infrast 10-0102 Interior Buildout 9 Community Center Infrast NR Interior Buildout (Kitchen) 10 Gibson Park (New Parks and 09-0012 Construction) Open Spaces Subtotal Amount Budgeted Amount Expended Remaining Balance Funding Source Carryover Fund Balance FY 2012 TIF Revenue 5400,000 $251,342 $148,658 $148,658 $14,280,125 $70,000 $300,000 $4,319,306 $1,120,088 $4,289,563 $580 $14,280,125 $70,000 $300,000 $29,743 $1,119,508 $9,732,534 $300,000 $29,743 $1,119,508 54,547,591 $70,000 $155,000 $155,000 $155,000 $1,500,000 $500,000 $1,000,000 $23,644,519 $53,892 $9,001 $4,604,378 $1,446,108 $500,000 $990,999 $19,040,141 $1,446,108 $500,000 $990,999 $14,422,550 $4,517,591 Total Budget Amount NR - No CRA Resolution R - CRA Resolution Passed $800,000 $18,240,141 $19,040,141 5 $14,422,550 $4,617,591 $ 19,040,141 Submitted into the public record in connection ith item 14 on 2:ti I2 Priscilla A. Th mpson City Clerk Funding Source Description Category Reso # Amount Budgeted Amount Expended Remaining Balance Carryover Fund Balance FY 2012 TIF Revenue Other Grants and Aids 1 FY 2011 Art Basel Arts and Culture 11-0048 $50,000 $50,000 $50,000 2 Camillus House - FY 2011 (2nd Payment) Quality of Life 10-0040 $2,000,000 $2,000,000 $2,000,000 3 Overtown Enhancement Team Job Creation 11-0030 $200,000 $200,000 $200,000 4 Two Guys Restaurant, Inc - Design Build Renovation Job Creation 10-0016 $260,000 $26,837 $233,164 $233,164 5 New Arena Square Retail Business Job Creation 07-0051 $240,000 $228,702 $11,298 $11,298 6 New Arena Square Retail Business - Three (3) additional bays Job Creation 09-0039 $130,000 $130,000 $130,000 7 Youth Summer Employment Program - Urgent Inc Job Creation 11-0027 $322,317 $195,811 $126,506 $126,506 8 NANA - Business Training Program Job Creation 10-0021 $30,000 $19,464 $10,536 $10,536 9 NANA - Business Training Program Job Creation 12-0009 $35,000 $35,000 $35,000 10 Small Business Economic Stimulus I Job Creation 09-0004 $50,000 $29,892 $20,108 $20,108 11 Small Business Economic Stimulus II Job Creation 10-0022 $50,000 $4,857 $45,143 $45,143 12 Hospitality Institute along with Miami Dade Community College - ending 12/2010 Job Creation 10-0059 $65,000 $65,000 $65,000 13 Miami Dade College/Hospitality Institute Job Creation 11-0053 $97,000 $97,000 $97,000 14 Miami Dade College/Hospitality Institute (culinary) Job Creation NR $116,775 $116,775 $20,517 $96,258 15 DMP Wrap Around Program (Awarded in 2010) Job Creation 10-0027 $325,000 $200,089 $124,911 $124,911 16 DMP Wrap Around Program (Awarded in 2012) Job Creation NR $325,000 $325,000 $325,000 17 FY 2011 Monthly open market to be held for six consecutive months, on the 9th Street Pedestrian Mall. Job Creation 11-0016 $100,000 $48,497 $51,503 $51,503 18 FY 2012 Monthly open market on the 9th Street Pedestrian Mall Job Creation NR $80,000 $80,000 $80,000 19 Suited for Success, Inc- Professional Image and Business Etiquette Job Creation 10-0064 $50,000 $31,243 $18,757 $18,757 20 Suited for Success, Inc- Professional Image and Business Etiquette Job Creation 11-0054 $50,000 $50,000 $50,000 6 O ai O. Description Category Reso # Amount Budgeted Amount Expended Remaining Balance 21 Grant to Omni Park West Redevelopment Association for Multi - Use Outdoor Festival Space Quality of Life 11-0006 $200,000 $200,00 22 Historic Building Project - Rehab Masonic Lodge Infrast 12-0008 $300,000 $300,00 23 FY 2012 Youth Summer Employment Program Job Creation NR $200,000 $200,00 24 Black Archives - Historical and Cultural Tourist Program and the Ward Rooming House. Arts and Culture 12-0007 $50,000 $50,00 25 Mt. Zion Mixed - Use Development Affordable Workforce Housing 11-0034 $670,000 $670,00 26 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 St Job Creation 11-0041 $80,000 $80,00 27 Roots in the City/Farm Market Job Creation NR $75,000 $75,00 28 Gibson Park (New Construction)(Gym) Parks and Open Spaces 11-0058 $2,800,000 $2,800,00 29 Overtown Shopping Center -Supermarket Job Creation NR $400,000 $400,00 30 FY 2012 American Black Film Festival Quality of Life NR $50,000 $50,00 31 Community Events Quality of Life NR $100,000 $100,000 32 Available for Job Creation Program Job Creation NR $76,499 $76,499 Subtotal $9,577,591 $785,392 $8,792,199 Total Budget Amount NR - No CRA Resolution R - CRA Resolution Passed $1,423,274 $7,368,925 $8,792,199 Funding Source Carryover FY 2012 Fund Balance TIF Revenue 0 $200,000 3 $300,000 3 $200,000 3 $50,000 ) $670,000 l $80,000 1 $75,000 1 $2,579,438 $220,562 $400,000 $50,000 $100,000 $76,499 $6,475,379 $2,316,820 $6,475,379 $2,316,820 $8,792,199 Submitted into the public record in connection with item 416 on 2. 7 Priscilla A. T om son City Clerk