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HomeMy WebLinkAboutR-15-0340City of Miami Legislation Resolution: R-15-0340 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 15-00909 Final Action Date: 7/23/2015 A RESOLUTION OF THE MIAMI CITY COMMISSION DIRECTING THE CITY MANAGER TO INITIATE DISCUSSIONS BETWEEN THE CITY OF MIAMI, MIAMI-DADE COUNTY, THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW CRA"), AND THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("OMNI CRA") REGARDING AN EXTENSION TO THE LIFE OF BOTH THE SEOPW CRA AND OMNI CRA; FURTHER DIRECTING THE CITY MANAGER TO PRESENTA NEGOTIATED AMENDMENT TO THE INTERLOCAL AGREEMENT FOR CONSIDERATION BY THE CITY COMMISSION WITHIN ONE HUNDRED AND TWENTY (120) DAYS. WHEREAS, pursuant to Section 163.387, Florida Statutes, Miami -Dade County adopted Ordinance No. 82-115 establishing a redevelopment trust fund for the Southeast Overtown/Park West Community Redevelopment Agency ("SEOPW CRA") for the purposes of eliminating slum and blight within the redevelopment area; and WHEREAS, the City of Miami ("City") and Miami -Dade County ("County") entered into an Interlocal Cooperation Agreement, dates as of March 31, 1983, as amended, which provided for the exercise of redevelopment powers by the City for the SEOPW CRA, the implementation of the SEOPW CRA plan, the delegation by the County to the City Commission to act as the community redevelopment agency for the SEOPW, and the use of tax increment financing ("TIF") to pay for the costs of the implementation of the SEOPW Plan; and WHEREAS, from its establishment in 1982 to 2001, the SEOPW CRA redevelopment trust fund received no TIF revenues due to declining property values within the redevelopment area's boundaries; and WHEREAS, the of the SEOPW CRA redevelopment area continues to suffer from significant slum and blight conditions and poverty rates that significantly exceed those of most communities across the County; and WHEREAS, notwithstanding the positive changes experienced within the SEOPW CRA since 2001, slum and blight conditions and poverty remain pervasive within SEOPW CRAs requiring additional public investment to eliminate such conditions beyond the current expiration date; and WHEREAS, pursuant to Resolution No. 86-868, the City Commission approved, in principle, a redevelopment plan for the redevelopment of the Omni area ("Omni Plan") and the County via the adoption of Resolution No. 825-87 and Ordinance No. 87-47 approved the Omni Plan and a tax increment fund for the Omni CRA; and WHEREAS, in accordance with Section 163.357 and 163.410, Florida Statutes, the County City of Miami Page 1 of 3 File Id: 15-00909 (Version: 1) Printed On: 3/19/2018 File Number: 15-00909 Enactment Number: R-15-0340 designated the City Commission to act as the community redevelopment agency for the Omni CRA; and WHEREAS, as a result of the terms of its Interlocal Cooperation Agreement with the County, the Omni CRA has been a net contributor of more than $3 million in TIF revenues to the County between 1997 to 2015; and WHEREAS, notwithstanding positive changes experienced within the Omni redevelopment areas since 2001, slum and blight conditions remain pervasive within portions of the Omni CRA requiring significant, additional public investment to eliminate such conditions; and WHEREAS, it is anticipated that planned investment within portions of both redevelopment areas will generate significant TIF revenues that can be reinvested to eliminate existing slum and blight conditions within the redevelopment areas and advance other redevelopment objectives identified in each the agency's redevelopment plans; and WHEREAS, the City wishes to harness the public benefits by extending the life of the SEOPW CRA to the statutory limits (an additional twelve (12) years to through March 31, 2042) to compensate for the time and investment lost between 1982 and 2000 as a result of declining ad valorem taxable values that produced no TIF revenues for the SEOPW CRA redevelopment trust fund; and WHEREAS, the City wishes to extend the life of the Omni CRA to the statutory limits (an additional fifteen (15) years to the statutory limit of 2045) to compensate for the Omni CRA's net contributions to the County between 1997 and 2015; 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 fully set forth in this Section. Section 2. The City Manager is directed to commence discussions with the County, SEOPW CRA, and Omni CRA regarding an amendment to the governing Interlocal Cooperation Agreements to secure an extension of the lives of both the SEOPW CRA and Omni CRA to the statutory limits (2042 and 2045, respectively). Section 3. The City Manager is further directed to present such proposed amendments for consideration by the City Commission within no later than one hundred and twenty (120) days from the adoption of this Resolution. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.{1} Footnotes: City of Miami Page 2 of 3 File Id: 15-00909 (Version: 1) Printed On: 3/19/2018 File Number: 15-00909 Enactment Number: R-15-0340 {1 } The herein authorization is further subject to compliance with all requirements that may be imposed by the City Attorney, including but not limited to those prescribed by applicable City Charter and Code provisions. {2} 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 3 of 3 File Id: 15-00909 (Version: 1) Printed On: 3/19/2018