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HomeMy WebLinkAboutCRA-R-16-0041 LegislationCity of Miami Legislation CRA Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 16-01280 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY SETTING A CAP OF TWENTY PERCENT (20%) OF THE 2016-2017 FISCAL YEAR GENERAL OPERATING AND TAX INCREMENT FUND BUDGET TO BE EXPENDED TOWARDS ANY ADMINISTRATIVE COSTS. 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, rehabilitation of buildings consistent with the Redevelopment Plan, assisting with affordable housing for families and individuals of low or moderate income , repairing certain improvements and infrastructure within the Redevelopment Area, assisting with relocating persons displaced from the Redevelopment Area, and developing community policing innovations; 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 a community redevelopment agency in Miami -Dade County other than the CRA spent up to eighty percent (80%) of its annual TIF funds on salaries, benefits, and other administrative costs; and WHEREAS, the Grand Jury recommended in its final report that a cap be imposed on expenditures for administrative costs; and WHEREAS, although the CRA's administrative costs are reasonable and are not abusive as characterized by the Grand Jury, the Board of Commissioners of the CRA recognizes the need to focus the majority of its limited funding to those projects that meet the primary purpose of the CRA; 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, Any expenditure towards administrative costs is capped at twenty percent (20%) of the 2016-2017 Fiscal Year General Operating and Tax Increment Fund Budget. City of Miami Page 1 of 2 File Id: 16-01280 (Version: 1) Printed On; 9/7/2016 File Number: 16-01280 Section 3. TM Res I"ution shall become effective immediately upon its adoption. APPROV AS TO OR .AND ORRECTNESS: ICTORIA ME DEZ, GEN AL COUNSEL City of Miami Page 2 of 2 File Id: 16-01280 (Version: 1) Printed On: 9/7/2016