HomeMy WebLinkAboutR-24-0387City of Miami
Resolution R-24-0387
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 16520 Final Action Date: 9/26/2024
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
ACCEPTING AND APPROVING THE 2025 ANNUAL BUDGET OF THE
SOUTHEAST OVERTOWN PARK WEST COMMUNITY REDEVELOPMENT
AGENCY ("SEOPW CRA"), ATTACHED AND INCORPORATED AS EXHIBIT
"A," IN THE TOTAL AMOUNT OF $100,466,278.00, FOR THE FISCAL YEAR
COMMENCING OCTOBER 1, 2024, AND ENDING SEPTEMBER 30, 2025.
WHEREAS, the SEOPW Community Redevelopment Agency ("SEOPW CRA") is
responsible for carrying out community redevelopment activities and projects within its
Redevelopment Area; and
WHEREAS, pursuant to Interlocal Agreements, as a prerequisite to carrying out Fiscal
Year 2024-2025 redevelopment activities, the Board of Commissioners must approve the CRA's
proposed General Operating Budget and Tax Increment Fund Budget ("Budget") for the Fiscal
Year commencing October 1, 2024, and ending September 30, 2025 ("Fiscal Year"); and
WHEREAS, the Board of Commissioners of the SEOPW CRA adopted Resolution No.
CRA-R-24-0055 on September 7, 2024, approving the SEOPW CRA's General Operating and
Tax Increment Fund Budget ("Budget"), attached and incorporated as Exhibit "A", for the Fiscal
Year commencing October 1, 2024, and ending September 30, 2025, in the total amount of
$100,466,278.00; and
WHEREAS, pursuant to Interlocal Agreements, a copy of the Budget is required to be
transmitted to the City of Miami ("City") and Miami -Dade County ("County"); and
WHEREAS, the SEOPW CRA requests the acceptance and approval of the SEOPW CRA's
Budget by the City Commission in the total amount of $100,466,278.00, attached and
incorporated as Exhibit "A", for the Fiscal Year commencing October 1, 2024, and ending
September 30, 2025;
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 herein as if fully set forth in this Section.
Section 2. The SEOPW CRA's Budget in the total amount of $100,466,278.00, attached
and incorporated as Exhibit "A", for the Fiscal Year commencing October 1, 2024, and ending
September 30, 2025, is accepted and adopted.
City of Miami Page 1 of 2 File ID: 16520 (Revision:) Printed On: 10/15/2024
File ID: 16520 Enactment Number: R-24-0387
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 ttor -y 9/17/2024
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.
City of Miami Page 2 of 2 File ID: 16520 (Revision:) Printed on: 10/15/2024