HomeMy WebLinkAboutCRA-R-24-0055Southeast Overtown/Park West
Community Redevelopment Agency
Legislation
CRA Resolution: CRA-R-24-0055
File Number: 16572 Final Action Date:9/7/2024
A RESOLUTION OF THE BOARD OF COMMISSIONERS ("BOARD") OF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT
AGENCY ("SEOPW CRA"), WITH ATTACHMENTS, APPROVING AND
ADOPTING THE PROPOSED GENERAL OPERATING AND TAX INCREMENT
FUND BUDGET ("BUDGET") OF THE SEOPW CRA, ATTACHED AND
INCORPORATED HEREIN AS EXHIBIT "A," IN THE AMOUNT OF ONE
HUNDRED MILLION FOUR HUNDRED SIXTY-SIX THOUSAND TWO HUNDRED
SEVENTY-EIGHT DOLLARS AND ZERO CENTS ($100,466,278.00) ("FUNDS"),
FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2024 AND ENDING
SEPTEMBER 30, 2025 ("FY 2024 - 2025"); FURTHER AUTHORIZING THE DE -
ALLOCATION OF FUNDS IN THE AMOUNT OF ONE MILLION ONE HUNDRED
ONE THOUSAND THREE HUNDRED FIVE DOLLARS AND ZERO CENTS
($1,101,305.00), ATTACHED AND INCORPORATED HEREIN AS EXHIBIT "B";
FURTHER AUTHORIZING THE COMPENSATION OF THE EXECUTIVE
DIRECTOR FOR FY 2024 - 2025 AND DIRECTING THE EXECUTIVE DIRECTOR
TO TRANSMIT A COPY OF SAID BUDGET TO THE CITY OF MIAMI AND MIAMI-
DADE COUNTY; PROVIDING FOR INCORPORATION OF RECITALS AND
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("SEOPW
CRA") is responsible for carrying out community redevelopment activities and projects within its
Redevelopment Area in accordance with the 2018 Southeast Overtown/Park West Redevelopment Plan
Update (the "Plan"); and
WHEREAS, as a prerequisite to carrying out redevelopment activities for the fiscal year
commencing October 1, 2024 and ending September 30, 2025 ("FY 2024 - 2025"), it is required that the
SEOPW CRA's Board of Commissioners ("Board") approve and adopt the annual General Operating and
Tax Increment Fund Budget ("Budget"), attached and incorporated herein as Exhibit "A"; and
WHEREAS, pursuant to Interlocal Agreements, a copy of the SEOPW CRA's Budget is required
to be transmitted to the City of Miami and Miami -Dade County; and
WHEREAS, all the expenses included in the Budget are in accordance with local and state law,
Interlocal Agreements, and the Plan; and
WHEREAS, the Board finds that authorizing this Resolution would further the SEOPW CRA's
redevelopment goals and objectives; and
WHEREAS, the Board wishes to approve and adopt the SEOPW CRA's Budget for FY 2024 -
2025, as set forth in Exhibit "A," in the amount of One Hundred Million Four Hundred Sixty -Six
Thousand Two Hundred Seventy -Eight Dollars and Zero Cents ($100,466,278.00) ("Funds");
WHEREAS, the Board wishes to de -allocate funds in the amount of One Million One Hundred
One Thousand Three Hundred Five Dollars and Zero Cents ($1,101,305.00), as set forth in Exhibit "B";
City of Miami Page 1 of 2 File ID: 16572 (Revision:) Printed On: 9/16/2024
File ID: 16572 Enactment Number: CRA-R-24-0055
WHEREAS, the Board wishes to approve the Executive Director's compensation, effective in FY
2024 - 2025.
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 SEOPW CRA's Budget, in the amount of One Hundred Million Four
Hundred Sixty -Six Thousand Two Hundred Seventy -Eight Dollars and Zero Cents ($100,466,278.00), for
FY 2024 - 2025, as set forth in Exhibit "A", is hereby approved and adopted.
Section 3. The Board hereby approves the de -allocation of funds in the amount of One
Million One Hundred One Thousand Three Hundred Five Dollars and Zero Cents ($1,101,305.00), as set
forth in Exhibit "B."
Section 4. The Board further approves the compensation of the Executive Director,
effective in FY 2024 - 2025.
Section 5. Sections of this Resolution may be re -numbered or re -lettered, and corrections of
typographical errors which do not affect the intent may be authorized by the Executive Director, or the
Executive Director's designee, without need of public hearing, by filing a corrected copy of same with the
City of Miami City Clerk.
Section 6. The Executive Director is directed to transmit a copy of said Budget to the City
of Miami and Miami -Dade County, including any and all necessary documents, and all -in forms
acceptable to the Counsel.
Section 7. This Resolution shall become effective immediately upon its adoption and
signature by the City Mayor.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
ounsel 8/27/2024
City of Miami Page 2 of 2 File ID: 16572 (Revision:) Printed on: 9/16/2024