HomeMy WebLinkAboutCRA-R-16-0040 LegislationCity of Miami
Legislation
CRA Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
Rile Number: 16-01279 Final Action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
DESIGNATING A MINIMUM OF TEN PERCENT (10%) OF THE 2016-2017 FISCAL
YEAR GENERAL OPERATING AND TAX INCREMENT FUND BUDGET TO BE
EXPENDED TOWARDS AND BENEFIT OF LOWAND MODERATE INCOME
AFFORDABLE HOUSING.
WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") was
created pursuant to Chapter 163 of the Florida Statutes; and
WHEREAS, the primary purpose of the CRA is to address slum and blight within the
Redevelopment Area which constitute a serious and growing menace, injurious to the public health,
safety, morals, and welfare of the residents of the CRA; and
WHEREAS, the tax increment funds ("TIF") received by the CRA should be used primarily for
removal of slum and blight and assisting with affordable housing for families and individuals of low or
moderate income; and
WHEREAS, affordable housing is a significant issue in the City of Miami and in the CRA
Redevelopment Area specifically; and
WHEREAS, the CRA has failed to adequately fund affordable housing priorities in the past; and
WHEREAS, on or about February 3, 2016, the Miami -Dade County Grand Jury ("Grand Jury")
issued a final report after analyzing many different community redevelopment agencies throughout
Miami -Dade County; and
WHEREAS, one of the findings of the Grand Jury was that community redevelopment agencies
throughout Miami -Dade County did not adequately fund affordable housing priorities; and
WHEREAS, the Grand Jury recommended in its final report that a minimum of ten percent (10%) of
annual TIF revenue be set aside to go towards and benefit low and moderate income affordable
housing; and
WHEREAS, the Board of Commissioners of the CRA concurs with the Grand Jury's
recommendation;
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.
City of Miami Page 1 of 2
File Id: 16-01279 (Version: 1) Printed On: 9/7/2016.
File Number: 16-01279
Section 2, A minimum of ten percent (10%) of the 2016-2017 Fiscal Year General Operating and
Tax Increment Fund Budget be expended towards and benefit of low and moderate income affordable
housing.
Section 3. Thiesolushall become effective immediately upon its adoption.
APPROVED AS TO F.,_:).>„fi.ND-CQRRECTNESS:
VICTORIA MENDEZ, GENE RAL COUNSEL
City q!Miami Page 2 of 2 File Id: 16-01279 (version: 1) Printed On: 9/7/2016