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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #16519 Date: 08/13/2024 Commission Meeting Date: 09/26/2024 Requesting Department: Midtown Community Redevelopment Agency Sponsored By: District Impacted: Type: Resolution Subject: Approve Annual Budget FY '25 - Midtown CRA Purpose of Item: The Midtown CRA, with attachment(s), approving and adopting the proposed general operating and tax increment fund ("TIF") budget of the Midtown CRA, attached and incorporated as Exhibit "A". Budget Impact Analysis Total Fiscal Impact: N/A Reviewed B Midtown Community Redevelopment Agency Review Completed 08/19/2024 8:33 AM Office of Management and Budget Office of Management and Budget City Manager's Office City Manager's Office Legislative Division Office of the City Attorney City Commission Office of the City Attorney City Commission Office of the Mayor Office of the City Clerk Legislative Division Office of the City Attorney Office of the City Attorney Office of the City Clerk Donovan Dawson Marie Gouin Barbara Hernandez Arthur Noriega V Valentin J Alvarez Xavier Alban Todd B. Hannon George K. wysong III Maricarmen Lopez Mayor's Office City Clerk's Office Valentin J Alvarez Xavier Alban George K. wysong III City Clerk's Office Anthony Balzebre Budget Analyst Review Budget Review Assistant City Manager Review City Manager Review Legislative Division Review ACA Review Meeting Approved Form and Correctness Department Head Completed Completed Completed Completed Completed Completed Completed Completed Meeting Completed Signed by the Mayor Completed Signed and Attested by the City Clerk Completed Legislative Division Review Completed ACA Review Completed Approved Form and Correctness with Modification(s) Rendered Completed 08/23/2024 3:15 PM 08/23/2024 5:42 PM 08/26/2024 11:32 AM 08/26/2024 1:36 PM 08/27/2024 2:17 PM 08/28/2024 2:01 PM 09/07/2024 10:00 AM 09/17/2024 5:08 PM 09/26/2024 5:05 PM 09/27/2024 11:04 AM 09/27/2024 11:07 AM 09/27/2024 3:28 PM 09/27/2024 3:32 PM Completed 09/27/2024 4:42 PM City of Miami Legislation Resolution Enactment Number: R-24-0388 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 16519 Final Action Date:9/26/2024 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ACCEPTING AND APPROVING THE FISCAL YEAR 2024-2025 PROPOSED BUDGET OF THE MIDTOWN COMMUNITY REDEVELOPMENT AGENCY ("MIDTOWN CRA"), ATTACHED AND INCORPORATED AS EXHIBIT "A", IN THE AMOUNT OF $18,838,550.00 FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2024, AND ENDING SEPTEMBER 30, 2025, AS APPROVED BY THE MIDTOWN CRA'S BOARD OF COMMISSIONERS. WHEREAS, on September 26, 2024, pursuant to Resolution No. MCRA-R-24-0001, the Board of Commissioners of the Midtown Community Redevelopment Agency ("Midtown CRA") approved and adopted the Fiscal Year 2024-2025 Proposed Annual Budget for the fiscal year commencing October 1, 2024, and ending September 30, 2025; and WHEREAS, the Board of Commissioners of the Midtown CRA requests the approval of the Proposed Annual Budget for the Fiscal Year commencing October 1, 2024, and ending September 30, 2025, in the total amount of $18,838,550.00; 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 approved by reference and incorporated as if fully set forth in this Section. Section 2. The City Commission hereby approves and adopts the Fiscal Year 2024- 2025 Proposed Annual Budget, attached and incorporated as Exhibit "A", for the fiscal year commencing October 1, 2024, ending September 30, 2025 ("FY 24-25 Proposed Annual Budget"). Section 3. A copy of this Resolution shall be transmitted to Miami -Dade County. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.' 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. APPROVED AS TO FORM AND CORRECTNESS: g III, C yattor ey / 9/17/2024