HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #16416
Date: 07/23/2024
Commission Meeting Date: 09/12/2024
Requesting Department: Liberty City
Community Revitalization Trust
Sponsored By: Christine King
District Impacted: District 5
Type: Resolution
Subject: Approve and Adopt Amended Budget - Liberty City Community Revitalization
Trust
Purpose of Item:
To approve and adopt the amended budget of the Liberty City Community Revitalization
Trust ("Liberty City Trust") in the amount of ONE MILLION TWO HUNDRED NINETY-
THREE THOUSAND NINETY-TWO AND 00/100 DOLLARS ($1,293,092.00) for fiscal
year commencing October 1, 2023 and ending September 30, 2024.
Background of Item:
According to Section 5.5-36 of the Code of the City of Miami, the Liberty City Trust shall
submit a budget to the City Commission for approval. However, the Liberty City Trust
received unanticipated revenue which necessitates the amendment of its original annual
budget for FY23-24.
Budget Impact Analysis
Item is Related to Revenue
Item has NOT an Expenditure
Item is NOT funded by Bonds
Total Fiscal Impact:
N/A
Reviewed B
Liberty City Community Revitalization Trust
Review Completed 07/26/2024 9:36 AM
Office of Management and Budget
Office of Management and Budget
City Manager's Office
Legislative Division
Office of the City Attorney
Office of the City Attorney
City Commission
Office of the Mayor
Office of the City Clerk
Office of the City Clerk
Jacques Joseph
Leon P Michel
Arthur Noriega V
Valentin J Alvarez
Xavier Alban
George K. wysong III
Maricarmen Lopez
Mayor's Office
City Clerk's Office
City Clerk's Office
Elaine Black
Budget Analyst Review
Budget Review
City Manager Review
Legislative Division Review
ACA Review
Approved Form and Correctness
Meeting
Department Head
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Signed by the Mayor Completed
Signed and Attested by the City Clerk Completed
Rendered Completed
07/26/2024 11:14 AM
07/31/2024 2:25 PM
07/31/2024 3:09 PM
07/31/2024 4:23 PM
09/03/2024 2:49 PM
09/03/2024 3:08 PM
09/12/2024 9:00 AM
09/20/2024 3:17 PM
09/20/2024 3:31 PM
09/20/2024 3:31 PM
City of Miami
Legislation
Resolution
Enactment Number: R-24-0357
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 16416 Final Action Date:9/12/2024
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING AND ADOPTING THE AMENDED BUDGET OF THE LIBERTY CITY
COMMUNITY REVITALIZATION TRUST, ATTACHED AND INCORPORATED AS
EXHIBIT "A", IN THE AMOUNT OF ONE MILLION, TWO HUNDRED NINETY-THREE
THOUSAND, NINETY-TWO AND 00/100 DOLLARS ($1,293,092.00) FOR THE FISCAL
YEAR COMMENCING OCTOBER 1, 2023, AND ENDING SEPTEMBER 30, 2024.
WHEREAS, the City of Miami ("City") created and established the Liberty City
Community Revitalization Trust ("Trust") pursuant to Ordinance No. 12859, adopted October 12,
2006; and
WHEREAS, the Trust is responsible for the oversight and facilitation of the City's
revitalization and redevelopment activities in the Liberty City area; and
WHEREAS, Section 12.5-36 of the Code of the City of Miami, Florida, as amended ("City
Code"), provides that the Trust shall submit a budget to the City Commission for approval, in a
form acceptable to the City Manager; and
WHEREAS, pursuant to Resolution No. R-23-0370, adopted September 9, 2023, the
City Commission approved the Trust's original annual budget for the Fiscal Year commencing
October 1, 2023, through September 30, 2024 in the amount of Eight Hundred Thirty -Three
Thousand, Ninety -Two and 00/100 Dollars ($833,092.00), attached and incorporated as Exhibit
"A"; and
WHEREAS, pursuant to Resolution No. R-24-0184, adopted by the City Commission on
May 9, 2024, attached and incorporated as Exhibit "B", the Trust received unanticipated
revenues from the District 5 Commissioner's share of Miami for Everyone ("MFE") Program
funds, in the total amount of Two Hundred Fifty Thousand and 00/100 Dollars ($250,000.00),
grant funds from the Mayor's Discretionary Account in the amount of One Hundred Thousand
and 00/100 Dollars ($100,000.00), and grant funds from the Venture Miami Account in the
amount of Fifty Thousand and 00/100 Dollars ($50,000.00), to fund its summer youth
employment program; and
WHEREAS, pursuant to Resolution No. CRA-R-24-0043, adopted by the Southeast
Overtown/Park West Community Redevelopment Agency ("SEOPW CRA") on June 27 2024,
attached and incorporated as Exhibit "C", the Trust received unanticipated revenue from
SEOPW CRA in the total amount of Sixty Thousand and 00/100 Dollars ($60,000.00), to fund its
Summer Youth Program; and
WHEREAS, pursuant to Trust Resolution No. 24-004, the governing body of the Trust
reviewed and approved the Trust's amended budget for Fiscal Year 2023-2024 on June 27,
2024, attached and incorporated as Exhibit "D";
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION 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 as if fully set forth in this Section.
Section 2. The Trust's Fiscal Year 2023-2024 Amended Budget, in the amount of One
Million, Two Hundred Ninety -Three Thousand, Ninety -Two and 00/100 Dollars ($1,293,092.00)
attached and incorporated as Exhibit "D", for the Fiscal Year commencing October 1, 2023, and
ending September 30, 2024, is approved and adopted.
Section 3. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.'
APPROVED AS TO FORM AND CORRECTNESS:
ge Wy ng III, C y tor -y 9/3/2024
1 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days
from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective
immediately upon override of the veto by the City Commission.