HomeMy WebLinkAboutCRA-R-13-0050 Legislation w attachmentsCity of Miami
Legislation
CRA Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 13-00852
Final Action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("CRA"),
WITH ATTACHMENT(S), APPROVING AND ADOPTING THE CRA'S PROPOSED
GENERAL OPERATING TAX INCREMENT FUND BUDGET FOR THE FISCAL
YEAR COMMENCING OCTOBER 1, 2013 AND ENDING SEPTEMBER 30, 2014
SET FORTH IN ATTACHMENT "A"; DIRECTING THE EXECUTIVE DIRECTOR TO
TRANSMIT A COPY OF SAID BUDGET TO THE CITY OF MIAMI AND MIAMI-DADE
COUNTY.
WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("CRA")
is responsible for carrying out community redevelopment activities and projects within its
Redevelopment Area in accordance with the 2009 Southeast Overtown/Park West Redevelopment
Plan ("Plan"); and
WHEREAS, as a prerequisite to carrying out redevelopment activities for Fiscal Year
commencing October 1, 2013 and ending September 30, 2014 ("FY 2014"), it is required that the
CRA's Board of Commissioners approve the CRA's proposed Fiscal Year 2014 General Operating
Budget and Tax Increment Fund Budget; and
WHEREAS, pursuant to lnterlocal Agreements, a copy of CRA's budget is required to be
transmitted to the City of Miami and Miami -Dade County; and
WHEREAS, the Board of Commissioners wishes to approve and adopt the CRA's proposed
general operating budget and tax increment fund budget for the FY 2014 set forth in Attachment "A";
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE
SOUTHEAST OVERTOWN/PARK WEST 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 Southeast Overtown/Park West Community Redevelopment Agency's
General Operating Budget and Tax Increment Fund Budget for the Fiscal Year commencing October 1,
2013 and ending September 30, 2014, set forth in Attachment "A," are hereby approved and adopted.
Section 3. The Executive Director is directed to transmit a copy of said budget to the City of
Miami and Miami -Dade County.
Section 4. This Resolution shall become effective immediately upon its adoption
City of Miami Page 1 of 2 File Id: 13-00852 (Version: 1) Printed On: 7/18/2013
File Number: 13-00852
APPROVED AS TO FO
AND LEGAL SUFFICIENCY:
JESSICA N. PACHECO, ESQ.
CRA SPECIAL COUNSEL
City of Miami Page 2 of 2 File Id: 13-00852 (Version: 1) Printed On: 7/18/2013
SEOPW GENERAL OPERATING TAX INCREMENT FUND BUDGET
FY2014
SEOPW
Budget
Revenues
CITY OF MIAMI - ESTIMATED TAX INCREMENT (ORIGINAL BOUNDARIES)
$7,349,507
MIAMI DADE COUNTY - ESTIMATED TAX INCREMENT (ORIGINAL BOUNDARIES)
$4,566,718
CITY OF MIAMI - ESTIMATED TAX INCREMENT (EXPANDED BOUNDARIES)
$194,346
MIAMI DADE COUNTY - ESTIMATED TAX INCREMENT (EXPANDED BOUNDARIES)
$120,738
OTHER REVENUES
$80,250
CARRYOVER FUND BALANCE
$28,623,280
TOTAL REVENUES
$40,934,839
Redevelopment Expenditures
PROFESSIONAL SERVICES - LEGAL
$298,148
ACCOUNTING AND AUDIT
$25,000
PROFESSIONAL SERVICES - OTHER
$695,775
OTHER CONTRACTUAL SERVICES
$489,758
LAND
$2,700,714
INTERFUND TRANSFER (Debt Service)
$440,059
INTERFUND TRANSFER (Grant)
$47,140
DEBT SERVICE PAYMENT
$5,000,000
CONSTRUCTION IN PROGRESS
$3,569,808
OTHER GRANTS AND AIDS
$26,070,287
Administrative Expenditures
REGULAR SALARIES
$740,541
FICA TAXES
$56,651
LIFE AND HEALTH INSURANCE
$131,213
RETIREMENT CONTRIBUTION
$62,853
FRINGE BENEFITS
$15,600
OTHER CONTRACTUAL SERVICE
$19,830
TRAVEL AND PER DIEM
$20,000
COMMUNICATIONS
$5,500
UTILITY SERVICE
$64,462
INSURANCE
$89,500
OTHER CURRENT CHARGE
$9,000
SUPPLIES
$7,000
OPERATING SUPPLIES
$7,000
SUBSCRIPTION MEMBERSHIP/TRAINING
$16,000
MACHINERY AND EQUIPMENT
$32,000
ADVERTISING
$40,000
RENTAL AND LEASES
$7,000
POSTAGE
$2,000
REPAIR/MAINTENANCE - OUTSIDE
$2,000
INTERFUND TRANSFER
$30,000
BUDGET RESERVE
$240,000
TOTAL EXPENDITURES
$40,934,840
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