Loading...
HomeMy WebLinkAboutOMNI CRA 2017-07-27 Agenda PacketCity of Miami 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Meeting Agenda Thursday, July 27, 2017 12:00 PM Commission Chambers 3500 Pan American Drive Miami, FL 33133 OMNI Community Redevelopment Agency Ken Russell, Chair Francis Suarez, Vice Chair Wifredo (Willy) Gort, Board Member, District 1 Frank Carollo, Board Member, District 3 Keon Hardemon, Board Member, District 5 OMNI and MIDTOWN CRA OFFICE ADDRESS: 1401 N. Miami Avenue, 2nd Floor, Miami 33136 Phone: (305) 679-6868 www.miamicra.com OMNI Community Redevelopment Agency Meeting Agenda July 27, 2017 CALL TO ORDER APPROVING THE MINUTES OF THE FOLLOWING MEETINGS: 1. OMNI CRA MEETING MINUTES OF MAY 25, 2017 12:00 PM OMNI CRA RESOLUTIONS 1. OMNI CRA RESOLUTION 2688 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"), WITH ATTACHMENT(S), APPROVING AND ADOPTING THE CRA'S PROPOSED GENERAL OPERATING BUDGET AND TAX INCREMENT FUND BUDGET FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2017 AND ENDING SEPTEMBER 30, 2018; DIRECTING THE EXECUTIVE DIRECTOR TO TRANSMIT A COPY OF EACH BUDGET TO THE CITY OF MIAMI AND MIAMI-DADE COUNTY. 2. OMNI CRA RESOLUTION 2502 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("OMNI CRA"), WITH ATTACHMENTS, AUTHORIZING THE ISSUANCE OF A PAYMENT IN THE AMOUNT OF TWO MILLION DOLLARS ($2,000,000.00) CURRENTLY IN THE OMNI CRA RESERVE ACCOUNT, ATTACHED AND INCORPORATED AS EXHIBIT "A," TO THE CITY OF MIAMI TO BE ALLOCATED FOR CAPITAL IMPROVEMENTS AT MUSEUM PARK; AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS NECESSARY TO EFFECTUATE THIS PAYMENT, IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL. ADJOURNMENT OMNI Community Redevelopment Agency Page 2 Printed on 7/21/2017 OMNI Board of Commissioners Meeting July 27, 2017 1.1 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM Board Chair Ken Russell Date: July 21, 2017 and Members of the CRA Board Jason Walker Executive Director File: 2688 Subject: Approving the Omni CRA's General Operating Budget & Tax Increment Fund Budget for Fiscal Year '17-18 Enclosures: 2688 Exhibit A BACKGROUND: It is recommended that the Board of Commissioners of the Omni Redevelopment District Community Redevelopment Agency ("CRA") approve and adopt the attached resolution, with attachment(s), adopting the Omni CRA's General Operating Budget and Tax Increment Fund Budget, for the fiscal year commencing October 1, 2017, and ending September 30, 2018, and further directing the Executive Director to transmit a copy of each budget to the City of Miami and Miami Dade County. JUSTIFICATION: The Interlocal Agreement requires the OMNI CRA to annually prepare a proposed budget and transmit same to City of Miami and Miami Dade County This Resolution fulfills this requirements. Packet Pg. 3 1.1 City of Miami Legislation OMNI CRA Resolution OMNI CRA 1401 N. Miami Avenue Miami, FL 33136 www.miamicra.com File Number: 2688 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"), WITH ATTACHMENT(S), APPROVING AND ADOPTING THE CRA'S PROPOSED GENERAL OPERATING BUDGET AND TAX INCREMENT FUND BUDGET FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2017 AND ENDING SEPTEMBER 30, 2018; DIRECTING THE EXECUTIVE DIRECTOR TO TRANSMIT A COPY OF EACH BUDGET TO THE CITY OF MIAMI AND MIAMI-DADE COUNTY. WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within its Redevelopment Area; and WHEREAS, as a prerequisite to carrying out Fiscal Year 2017-2018 redevelopment activities, the Board of Commissioners must approve the CRA's proposed General Operating Budget and Tax Increment Fund Budget for the Fiscal Year commencing October 1, 2017 and ending September 30, 2018; and WHEREAS, pursuant to an Interlocal Agreement, as amended, a copy of each budget is to be transmitted to the City of Miami and Miami -Dade County; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT 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 attached CRA General Operating Budget and Tax Increment Fund Budget for the Fiscal Year commencing October 1, 2017 and ending September 30, 2018 are approved and adopted. Section 3. The Executive Director is directed to transmit a copy of each budget to the City of Miami and Miami -Dade County. Section 4. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: VICTORIA MENDEZ, GENERAL COUNSEL Packet Pg. 4 FY 2018 PROPOSED BUDGET 7/21/2017 1.1.a OMNI TAX INCREMENT FUND BUDGET FY 2018 PROPOSED BUDGET FY 2017 AMENDED BUDGET BUDGET VARIANCE REVENUES CITY OF MIAMI - TAX INCREMENT $11,065,494 510,574,483 $491,011 MIAMI DADE COUNTY - TAX INCREMENT (ORIGINAL BOUNDARIES) $6,749,405 $6,453,941 $295,464 CITY OF MIAMI - TAX INCREMENT (2009 ADDITION EXPANDED BOUNDARIES) $316,848 $240,252 $76,596 MIAMI DADE COUNTY - TAX INCREMENT (2009 ADDITION EXPANDED BOUNDARIES) $193,354 $146,633 $46,721 Total TIF Revenues S18,325,101 ESTIMATE LOAN PROCEEDS (with Bank United) $25,000,000 $0 $25,000,000 TRANSFER FROM MIDTOWN CRA (Administration) $46,632 $46,632 $0 RENT INCOME - MEC $100,000 $100,000 $0 OTHER INCOME - MEC (REIMBURSEMENT FOR 2017 PROPERTY TAXES) $178,177 $178,177 $0 RENT INCOME -1401 LLC $101,481 $101,481 50 LAND $0 $0 50 ESTIMATE CHILDREN TRUST CONTRIBUTION $733,004 $713,820 $19,184 2017 UNADJUSTED FUND BALANCE $8,903,477 $7,779,059 $1,124,418 TOTAL REVENUE $53,387,872 $26,334,478 $27,053,394 REDEVELOPMENT EXPENDITURES ACCOUNTING AND AUDIT $15,000 $15,000 $0 PROFESSIONAL SERVICES - OTHER 5732,300 $354,700 $377,600 OTHER CONTRACTUAL SERVICES $371,177 $671,657 -$300,480 INTERFUND TRANSFER (Debt Service) $6,699,867 $4,249,500 $2,450,367 INTERFUND TRANSFER (Grant) $1,564,307 $1,455,033 $109,274 PURCHASE OF REAL ESTATE $7,379,363 $2,000,000 $5,379,363 OTHER CURRENT CHARGE $6,413,785 $6,095,358 $318,427 OTHER GRANTS AND AIDS $25,896,113 $7,232,765 $18,663,348 ADMINISTRATIVE EXPENDITURES REGULAR SALARIES 5535,231 $532,060 $3,171 FICA TAXES $40,945 $40,703 $242 LIFE AND HEALTH INSURANCE $48,000 $48,000 $0 RETIREMENT CONTRIBUTION $23,950 $20,600 $3,350 FRINGE BENEFITS $19,500 $24,150 -$4,650 OTHER CONTRACTUAL SERVICE $20,000 $20,000 $0 TRAVEL AND PER DIEM $30,000 530,000 $0 COMMUNICATIONS $0 $0 $0 UTILITY SERVICE $20,300 $20,300 $0 INSURANCE 5104,166 $104,166 $0 OTHER CURRENT CHARGE $193,400 $214,272 -$20,872 SUPPLIES $5,000 $5,000 $0 OPERATING SUPPLIES $5,000 $5,000 $0 SUBSCRIPTION MEMBERSHIP $17,000 $17,000 50 MACHINERY AND EQUIPMENT $24,000 $24,000 $0 ADVERTISING $30,000 $30,000 $0 RENTAL AND LEASES $3,600 $3,600 $0 POSTAGE $2,000 $2,000 $0 REPAIR/MAINTENANCE - OUTSIDE $2,000 $2,000 $0 INTERFU ND TRANSFER $17,500 $17,500 50 Total Administrative Expenditures $1,141,592 RESERVE FOR MIDTOWN ADM EXPENDITURES $46,632 $46,632 $0 RESERVE FOR SECURITY DEPOSIT - MEC $125,000 $125,000 $0 RESERVE FOR SECURITY DEPOSIT -1401 GROUP LLC $40,000 $40,000 $0 RESERVE FOR CAPITAL EXPENDITURES $603,616 $377,135 $226,481 RESERVE FOR PAYMENT OF PROPERTY TAXES - MEC $178,177 $178,177 $0 BUDGET RESERVE $2,180,943 $2,333,170 -$152,227 TOTAL FUND BALANCE $53,387,872 $26,334,478 $27,053,394 $0 $0 50 A) B) C) 2018 TIF Revenue 2018 TIF Rev for Affordable Housing % 2018 Budget for Affordable Housing $18,325,101 $1,832,510 Refer to hem 9 - Other Grant and Aids 10% 2018 TIF Revenue $18,325,101 2018 Administrative Expenditures $1,141,592 % Administrative Exp / 2018 TIF Revenue 6% 2018 Budget Reserve $2,180,943 Total 2018 Budget $53,387,872 % 2018 Budget Reserve / Total 2018 Budget 4% Attachment: 2688 Exhibit A (2688 : Approving the Omni CRA's General Operating Budget & Tax Increment Fund Budget for Fiscal Year '17-18) 1 Packet Pg. 5 1.1.a Description Accounting and Audit Category Approval Date Reso Amount Budgeted Amount Expended Remaining Balance 1 External Auditing Services to the OMNI CRA - 5anson, Kline, Jacomino, Tandoc & Gamarra, LLP Administration 7/29/2016 16-0038 $15,000 $0 $15,000 Professional Services -Other 2 Lobbyists Administration City of Miami Procurement Code $35,000 $0 $35,000 3 Available for Other Professional Services Administration NR 511s,1s0 $0 $118,150 4 Financial Support Consultant Administration 5 2018 Omni Redevelopment Plan & FON Redevelopment Planning 6 Branding, Website, PR 7 Quickbuild-Protected Bike Lanes 8 Traffic Study/Design-N Miami Ave & 14th Street 9 Historic Designations Administration Redevelopment Planning Redevelopment Planning Redevelopment Planning Other Contractual Services 10 Horsepower Street Light Maintenance Quality of Life 11 Available for Landscaping Service Quality of Life 12 Urban Temporary Park - Maintenance and Security Administration 13 14 CRA Consultants Available for Other Contractual Services - Proposed Budget $250,000 - $150,000 allocated to Other Consultants - Interest Revenue Collected on 4/19/17 $41,180.52, Interest Revenue 5/18/17-$13,414,87 Administration Administration Subtotal 12/14/2016 16-0064 $42,850 $28,700 $14,150 NR $350,000 50 $350,000 NR NR $70,000 $o $70,000 $60,000 $0 $60,000 NR $65,000 $0 $65,000 NR $20,000 $0 $20,000 NR $25,000 $9,029 $15,971 NR $25,000 $3,700 $21,300 NR $125,000 $0 $125,000 NR NR 51so,000 $58,906 $0 $o $150,000 558,906 $1,159,906 $41,429 $1,118,477 Funding Source Carryover FY 2018 $25M Loan Fund Balance TIF Proceeds Revenue $15,000 $0 $0 $35,000 $0 $0 $118,150 $0 $0 $14,150 $0 $0 $312,286 $37,714 $0 $0 $70,000 $0 $0 $60,000 $0 $0 $65,000 $0 So $20,000 $0 $15,071 $0 $o $21,300 $0 $0 S0 $125,000 50 $150,000 $0 $0 $58,906 $0 $0 $740,763 $377,714 $0 $740,763 $377,714 $0 Total Budget Amount (Professional Services - Legal, Accounting and Audit, Professional Services - Other and Other Contractual $1,118,477 NR - No CRA Resolution $1,089,327 R - CRA Resolution Passed $29,150 $1,118,477 $15,000 $732,300 $371,177 Attachment: 2688 Exhibit A (2688 : Approving the Omni CRA's General Operating Budget & Tax Increment Fund Budget for Fiscal Year '17-18) 2 Packet Pg. 6 1.1.a Description Category Approval Date Reso tl Amount Budgeted Amount Expended Remaining Balance tnterfund Transfer (Debt Service) 1 2018 Transfer Out to the City of Miami for the payment of the Port of Miami Tunnel Series 2012 Debt Service 2 Loan with BankUnited - Estimated principal amount $25M Debt Service Other Current Charges and Obligations Dec-07 2007 Global Agreement $4,249,500 $0 $4,249,500 Debt Service $2,450,367 $0 $2,450,367 3 Estimated 2007 Global Agreement Payment - Performing Art Center Infrastructure Dec-07 2007 Global Agreement $6,413,785 $0 $6,413,785 Purchase of Real Estate 4 Second Payment -1367 Bank Building Infrastructure Jul-17 17-0020 $2,879,363 $0 $2,879,363 5 Purchase of real estate property located at 1990 N Miami Ave Infrastructure Jun-17 17-0035 $4,500,000 $o $4,500,000 Inte fund Transfer (Grant) 6 2015-2016 Policing Services - City of Miami Quality of Life 10/22/2015 15-0043 $710,000 5468,787 $241,213 7 2017 Grant to the City of Miami Quality of Life Police Department for the Expanded Police Program 8 2018 Grant to the City of Miami Quality of Life Police Department for the Expanded Police Program 9 2018 Children Trust Contribution Quality of Life 12/14/2016 Dec-07 16-0063 $500,000 $409,910 $90,090 NR $500,000 $0 $500,000 Interlocal Agreement $733,004 $0 $733,004 Subtotal $22,936,019 $878,697 522,057,323 Total Budget Amount (Interfund Transfer (Debt Service), Debt Service, Purchase of Land and Interfund Transfer (Grant) NR - No CRA Resolution R - CRA Resolution Passed $7,879,363 $14,177,959 $22,057,323 Funding Source Carryover FY 2018 $25M Loan Fund Balance TIE Proceeds Revenue $0 $4,249,500 $0 $0 $2,450,367 $0 $0 $6,413,785 $0 $33,587 $0 $2,845,776 $0 $0 $4,500,000 $241,213 $0 50 $90,090 50 $0 $0 $500,000 $0 $0 $733,004 $0 $364,890 $14,346,656 $7,345,775 $364,890 $14,346,656 $7,345,776 $22,057,323 $6,699,867 $6,413,785 $7,379,363 $1,564,307 Attachment: 2688 Exhibit A (2688 : Approving the Omni CRA's General Operating Budget & Tax Increment Fund Budget for Fiscal Year '17-18) 3 Packet Pg. 7 1.1.a ndin Description Category Approval Date Reso* Amount Budgeted Amount Expended Remaining Balance Carryover Fund Balance FY2018 TIF Revenue $25MLoan Proceeds Other Grants and Aids 1 Grant to the Perez Art Museum of Miami Dade County for various community benefits to the redevelopment area. Art and Culture 7/29/2016 16-0039 $1,000,000 $850,000 $150,000 $150,000 $0 $D 2 1401 RestLLC- Lessor's Contribution to leasehold improvements - Grease Trap and Hood System Job Creation 6/13/2013 13-0036 $60,000 $D $60,000 $60,000 $0 SO 3 Grant to Chapman House for Facade Improvement Program Infrastructure 12/14/2016 16-0058 $60,000 $60,000 So $0 $o $0 4 Guitars Over Guns Art and Culture NR $185,000 SO $185,000 $185,000 $0 $0 5 Matching funds obligation under the Florida Inidan Navigation District Grant for Phase 2 - Miami Woman's Club Baywalk Project - CIP Project Infrastructure 3/28/2013 13-0017 $150,000 $26,214 $123,786 $123,786 $D $0 6 Dorsey Library -Project Cost - CIP Project - Funds derived from sale of land - 14th St DEV LLC - $1,253,649 - CRA R - 15- 0021 Infrastructure CIP Approved Project $850,000 $0 $850,000 $850,000 $0 50 2017 Available for Affordable Housing (10% of 2017 TIF Revenues) 7 Available TIF funds for Affordable Housing Projects - Original Amount $1,741,530.90 Affordable Housing 9/13/2016 16-0040 $1,041,531 $0 $1,041,531 $1,041,531 $0 $0 8 Grant to Rebuilding Together Miami -Dade Inc. to provide partial funding for a home improvement facade and quality life program. Affordable Housing 12/14/2016 16-0061 S700,000 $89,642 $610,358 $610,358 $0 $0 2018 Available for Affordable Housing (10% of 2018 TIF Revenues) 9 Available TIF funds for Affordable Housing Projects Affordable Housing 2018 Budget 16-0040 $1,832,510 $0 $1,832,510 $0 $1,832,510 0 10 Grant to Legido Management Services , Inc to provide funding for "Business Rehabilitation Grant Programs" Affordable Housing 12/14/2016 16-0062 $905,000 $351,471 $553,529 $553,529 $0 50 11 Grant to Camillus House, Inc. for the "Miami Shelter Program" Quality of Life 12/14/2016 16-0059 $175,000 $175,000 $0 $0 $0 $0 12 2017 Miami Downtown Development Authority to expand the Downtown Enhancement Team (Purple Shirts) Quality of Life 12/14/2016 16-0057 $50,000 $4,753 $45,247 $45,247 $0 $0 13 2018 Miami Downtown Development Authority to expand the Downtown Enhancement Team (Purple Shirts) Quality of Life NR $100,000 $0 $100,000 $0 $100,000 $0 14 Museum Park Remediation Project 8-30538. CIP Project funded with OMNI TIF Funds. Infrastructure CIP Approved Protect $175,000 $150,343 $24,657 $24,657 $0 $0 Attachment: 2688 Exhibit A (2688 : Approving the Omni CRA's General Operating Budget & Tax Increment Fund Budget for Fiscal Year '17-18) 4 Packet Pg. 8 1.1.a 15 Execute Lease Agreement with a Five (5) year initial term with two (2) one (1) year options to renew between the CRA and Revran S Llincoln at 175 NW 14th St. Base amount $2,850 per month with a three (3 %) percent annual increase Job Creation/ 6/21/2017 17-0033 Quality of Life $150,000 $5,700 $144,300 $144,300 $0 $0 16 Contribution to the City of Miami -TRI Rail Project Infrastructure 6/25/2015 15-0022 5/26/2016 $3,750,000 $2,488,662 $1,261,338 $1,261,338 $0 $0 17 50 NW 14th Parking Lot Lining Quality of Life NR $300,000 $0 $300,000 $0 $300,000 $0 18 School Board Parking Lot Enhancements Quality of Life NR $10,000 $0 $10,000 $0 $10,000 $0 19 Urban Gardens Quality of Life NR $400,000 SO $400,000 $0 $400,000 $0 20 Business Improvement Grants Quality of Life NR $49,633 $0 $49,633 $0 $49,633 $0 21 130 NW 14th Street Rehab & Activation Quality of Life NR $400,000 50 $400,000 $0 $400,000 $0 22 Community Initiatives Quality of Life NR $100,000 $0 $100,000 $0 $100,000 $0 23 Affordable Housing, Real Estate Acquisition, Other Capital Improvement Projects Affordable NR Housing $17,654,224 $0 $17,654,224 SO $0 $17,654,224 Subtotal $30,097,898 $4,201,785 $25,896,113 $5,009,746 $3,192,143 $17,654,224 $5,049,746 $3,192,143 $17,654,224 Total Budget Amount Other Grants and Alds NR - No CRA Resolution R - CRA Resolution Passed $19,198,857 $6,697,256 $25,896,113 $25,896,113 Attachment: 2688 Exhibit A (2688 : Approving the Omni CRA's General Operating Budget & Tax Increment Fund Budget for Fiscal Year '17-18) 5 Packet Pg. 9 OMNI 1.1.a Position Executive Director - OMNI Executive Director - Midtown (Reimbursed by Midtown CRA) Assistant Executive Director Chief Legal Officer Director of Policy and Planning Assistant to the Executive Director Community Liaison Intern ($10/Hour) Intern ($20/30 hours) Compensated Absences Regular Salaries Fin taxes Health/Dental/Vision Insurance OMNI CRA Staff Contingency Life and Health Insurance Retirement Contribution (401K) Executive Director Assistant Executive Director Assistant to the Executive Director Community Liaison Chief Legal Officer Director of Policy and Planning Retirement Contribution Car Allowance Executive Director- OMNI Executive Director - Midtown (Reimbursed by Midtown CRA) Chief Legal Officer Cell Phone Allowance Executive Director - OMNI Executive Director - Midtown (Reimbursed by Midtown CRA) Assistant Executive Director Chief Legal Officer Director of Policy and Planning Fringe Benefits ADP - Payroll Processing Fee (26 payroll periods X $150) Janitorial Service / Supplies Circle Security Solutions Comcast OTIS Elevator Maintenance Service Other Contractual Services To include cost for travel out of the city for conferences and travel allowances. Travel and Per Diem FPL- Fire House Miami Water and Sewer Contingency Utility Service Property Insurance/General/Liability Insurance (MEC) Property Insurance/General/Liability Insurance (Fire Station No 2) Workers Compensation (CRA Staff) Insurance To include the cost of food associated to CRA Meetings/Ribbon Cutting To include the cost of miscellaneous supplies. Sale Tax -1401 Rest LLC Sale Tax - EUE / Screen Gems LTD, Inc MEC 2017 MEC Property Taxes Other Current Charges To include supplies necessary for use in the operation of an office, such as copy Supplies $120,000 $2,740 $75,000 $70,000 $57,000 $43,000 $42,000 $20,800 $31,200 $73,491 $535,231 $40,945 $40,945 $48,000 $5,000 $48,000 $9,600 $3,750 $2,150 $2,100 $3,500 $2,850 $23,950 $3,600 $6,000 $2,400 $1,200 $2,400 $1,500 $1,200 $1,200 $19,500 $3,900 $9,000 $2,700 $2,400 $2,000 520,000 $30,000 $30,000 $10,800 $3,500 $6,000 $20,300 $71,166 $28,000 $5,000 $104,166 $5,000 $2,000 $8,223 $0 $178,177 $193,4001 $5,000 $5,000 Attachment: 2688 Exhibit A (2688 : Approving the Omni CRA's General Operating Budget & Tax Increment Fund Budget for Fiscal Year '17-18) 6 Packet Pg. 10 1.1.a To include other supplies not office related. Ex. Misc. Project Construction and Operating Supplies To include the cost of memberships to organization, Microsoft license, and Subscription Membership $5,000 $5,000 $17,000 $17,000I Purchase of Vehicle $18,000 To include the cost of new computers $6,000 Machinery and Equipment I $24,000I To include the expenses of placing advertisements in the newspapers or other Advertising Konica Minolta Copier Rental and Leases To include the cost of stamps or other related item. Distribution of newsletter Postage To include the cost associated to any office/truck repair. Repair / Maintenance - Outside To include transfer of funds to the City of Miami Office of the City Clerk for Interfund Transfer Total FY 201E Proposed Budget -Recurrent Expenditures $30,000 $30,000 $3,600 $3,600 $2,000 $2,000 $2,000 I $2,0001 $17, 500 I $17,500I $1,141,592 Attachment: 2688 Exhibit A (2688 : Approving the Omni CRA's General Operating Budget & Tax Increment Fund Budget for Fiscal Year '17-18) Packet Pg. 11 OMNI Board of Commissioners Meeting July 27, 2017 1.2 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM Board Chair Ken Russell Date: June 15, 2017 and Members of the CRA Board Jason Walker Executive Director 2502 Subject: Omni CRA's Contribution to the Museum Park Enclosures: 2502 Exhibit A BACKGROUND: The attached Resolution of the Board of the Commissioners of the Omni Redevelopment District Community Redevelopment Agency ("CRA") authorizes the Executive Director to make a contribution to the Museum Park for Capital I mprovements. JUSTIFICATION: The Museum Park is located within the boundaries of the Omni Community Redevelopment Agency. The Board of Directors of the Museum Park has expressed an interest in making capital improvements to the Museum Park to benefit the community. Page 51 of the Omni 2009 Redevelopment Plan highlights that there are very little recreational opportunity within the CRA. On page 99 of the 2009 Redevelopment Plan the improvements to the area supporting the Media/Entertainment district namely the Museum Park is listed a high priority item. Together with the new initiatives to put forward affordable, workforce housing and improvements in the area, the Omni will contribute Two million Dollars (2,000,000.00) to the City of Miami for Museum Park Improvements. FUNDING: $2,000,000.00 allocated from OMNI Tax Increment Fund, entitled "Interfund Transfers" Account No. 10040.920501.891000. Packet Pg. 12 1.2 City of Miami Legislation OMNI CRA Resolution OMNI CRA 1401 N. Miami Avenue Miami, FL 33136 www.miamicra.com File Number: 2502 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("OMNI CRA"), WITH ATTACHMENTS, AUTHORIZING THE ISSUANCE OF A PAYMENT IN THE AMOUNT OF TWO MILLION DOLLARS ($2,000,000.00) CURRENTLY IN THE OMNI CRA RESERVE ACCOUNT, ATTACHED AND INCORPORATED AS EXHIBIT "A," TO THE CITY OF MIAMI TO BE ALLOCATED FOR CAPITAL IMPROVEMENTS AT MUSEUM PARK; AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS NECESSARY TO EFFECTUATE THIS PAYMENT, IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL. WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("Omni CRA"), by Resolution No. CRA-R-16-0043, adopted on September 13, 2016, accepted and adopted its Special Revenue Fund Budget for the fiscal year commencing October 1, 2016 and ending September 30, 2017; and WHEREAS, on April 19, 2017, the Omni CRA adopted Resolution No. CRA-R-17-0023, accepting and adopting its Amended Budget, attached and incorporated as Exhibit "A"; and WHEREAS, the City of Miami ("City") wishes to implement certain capital improvements at Museum Park ("Park"), located in the City of Miami and Omni CRA; and WHEREAS, the Bayfront Park Management Trust ("Trust") is a limited agency and instrumentality of the City, and manages and operates the Park; and WHEREAS, the Omni CRA wishes to release two million dollars ($2,000,000.00) to the City to fund such capital improvements at Museum Park ("Payment"); and WHEREAS, upon receipt of the Payment, the City shall transfer said funds to the Trust for such capital improvements; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE OMNI COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF AMIMI, 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 Omni CRA hereby authorizes the release of a payment of two million dollars ($2,000,000.00) to the City for the purposes of funding certain capital improvements at Museum Park. Packet Pg. 13 Section 3. The Omni CRA hereby authorizes its Executive Director to negotiate and execute any and all documents necessary to effectuate such payment. 1.2 Section 4. Upon receipt of the Payment, the City shall transfer said funds to the Trust for such capital improvements. Section 5. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: VICTORIA MENDEZ, GENERAL COUNSEL Packet Pg. 14 FY 2017 AMENDED BUDGET 4/10/2017 EXHIBIT 1.2.a OMNI TAX INCREMENT FUND BUDGET FY 2017 AMENDED BUDGET FY 2017 PROPOSED BUDGET BUDGET VARIANCE REVENUES CITY OF MIAMI - TAX INCREMENT $10,574,483 $10,798,854 -$224,371 MIAMI DADE COUNTY -TAX INCREMENT (ORIGINAL BOUNDARIES) $6,453,941 $6,453,941 $0 CITY OF MIAMI - TAX INCREMENT (2009 ADDITION EXPANDED BOUNDARIES) $240,252 $240,252 $0 MIAMI DADE COUNTY- TAX INCREMENT (2009 ADDITION EXPANDED BOUNDARIES) $146,633 $146,633 $0 Total TIF Revenues $17,416,309 TRANSFER FROM MIDTOWN CRA (Administration) $46,632 $0 $46,632 RENT INCOME - MEC $100,000 $100,000 $0 OTHER INCOME- MEC (REIMBURSEMENT FOR 2016 PROPERTY TAXES) $178,177 $112,688 $65,489 RENT INCOME -1401 LLC $101,481 $101,481 $0 MIDTOWN CRA- CONTRIBUTION TO CRA OPERATING BUDGET $0 $0 $0 LAND $0 $0 $0 FUND BALANCE - OMNI CRA OPERATING BUDGET $0 $0 $0 2017 CHILDREN TRUST CONTRIBUTION $713,820 $0 $713,820 AUDITED FUND BALANCE @ 9/30/2016 $7,779,059 $9,151,422 -$1,372,363 TOTAL REVENUE $26,334,478 27,105,271 -$770,793 REDEVELOPMENT EXPENDITURES ACCOUNTING AND AUDIT $15,000 $15,000 $0 PROFESSIONAL SERVICES - OTHER $354,700 $361,000 -$6,300 OTHER CONTRACTUAL SERVICES $671,657 $300,000 $371,657 INTERFUND TRANSFER (Debt Service) $4,249,500 $4,249,500 $0 INTERFUND TRANSFER (Grant) $1,455,033 $844,015 $611,018 PURCHASE OF REAL ESTATE $2,000,000 $0 $2,000,000 OTHER CURRENT CHARGE $6,095,358 $6,173,888 -$78,530 CONSTRUCTION IN PROGRESS $0 $0 $0 OTHER GRANTS AND AIDS $7,232,765 $9,773,510 -$2,540,745 ADMINISTRATIVE EXPENDITURES REGULAR SALARIES $532,060 $355,500 $176,560 FICA TAXES $40,703 $27,196 $13,507 LIFE AND HEALTH INSURANCE $48,000 $48,000 $0 RETIREMENT CONTRIBUTION $20,600 $18,625 $1,975 FRINGE BENEFITS $24,150 $9,900 $14,250 OTHER CONTRACTUAL SERVICE $20,000 $20,000 $0 TRAVEL AND PER DIEM $30,000 $30,000 $0 COMMUNICATIONS $0 $0 $0 UTILITY SERVICE $20,300 $20,300 $0 INSURANCE $104,166 $104,166 $0 OTHER CURRENT CHARGE $214,271 $129,355 $84,916 SUPPLIES $5,000 $5,000 $0 OPERATING SUPPLIES $5,000 $5,000 $0 SUBSCRIPTION MEMBERSHIP $17,000 $17,000 $0 MACHINERY AND EQUIPMENT $24,000 $6,000 $18,000 ADVERTISING $30,000 $40,000 -$10,000 RENTAL AND LEASES $3,600 $3,600 $0 POSTAGE $2,000 $2,000 $0 REPAIR/MAINTENANCE-OUTSIDE $2,000 $2,000 $0 INTERFUND TRANSFER $17,500 $17,500 $0 T.td Administrative bp.nd0Nr.. 51,160,350 RESERVE FOR MIDTOWN ADM EXPENDITURES $46,632 $0 $46,632 RESERVE FOR SECURITY DEPOSIT - MEC $125,000 $125,000 $0 RESERVE FOR SECURITY DEPOSIT - 1401 GROUP LLC $40,000 $40,000 $0 RESERVE FOR CAPITAL EXPENDITURES $377,135 $362,216 $14,919 RESERVE FOR PAYMENT OF PROPERTY TAXES - MEC $178,177 $0 $178,177 FY 2017 BUDGET RESERVE $2,333,170 $4,000,000 -$1,666,830 TOTAL FUND BALANCE $26,334,478 $27,105,271 -$770,794 So S0 S0 A) B) C) 2017 TIF Revenue 2017 TIF Rev for Affordable Housing % 2017 Budget for Affordable Housing $17,415,309 $1,741,531 Refer to Item 10 and 11 - Other Grant. 10% 2017 TIF Revenue $17,415,309 2017 Administrative Expenditures $1,160,350 °% Administrative Exp / 2017 TIF Revenue 7% 2017 Budget Reserve $2,333,170 Total 2017 Budget $26,334,478 % 2017 Budget Reserve / Total 2017 Budget 9% Attachment: 2502 Exhibit A (2502 : Omni CRA's Contribution to the Museum Park) Packet Pg. 15 1.2.a Description Category Approval Date Reso aY Amount Budgeted Amount Expended Remaining Balance Accounting and Audit 1 External Auditing Services to the OMNI CRA-Sanson, Kline, Jacomino, Tandoc & Gamarra, LLP Administration 7/29/2016 16-0038 $15,000 $a $15,000 Professional Services -Other 2 Lobbyists Administration NR $35,000 $0 $35,000 3 Available for Other Professional Services Administration NR $268,150 $0 $268,150 4 Financial Support Consultant Administration 12/14/2016 16-0064 $42,850 $6,300 $36,550 5 Public Relation Service Administration NR $15,000 $0 $15,000 Other Contractual Services 6 Horsepower Street Light Maintenance Quality of Life NR $25,000 $5,643 $19,357 7 Landscaping Service Quality of Life NR $25,000 $3,700 $21,30 8 Design, planning and construction related services for the CRA, related to the Neighborhood Park and Community Event Space located on certain parcels abutting interstate 395. Quality of Life 12/14/2016 16-0065 $325,000 $0 $325,00 9 Consultant fees for construction of Neighborhood Park and other related expenses. Quality of Life 12/14/2016 Per contract $56,000 $0 $56,00 10 CRA Consultants Administration NR $150,000 $0 $150,00 11 Available for Other Contractual Services - Proposed Budget $250,000 - $150,000 allocated to Other Consultants Administration NR $100,000 $0 $100,00 Subtotal $1,057,000 $15,643 $1, 041,35 Funding Source Carryover Fund Balance FY 2017 TIF Revenue S15,000 SO $35,000 $0 $268,150 $0 $36,550 $0 $15,000 50 $19,357 $0 $21,300 $0 $325,000 $0 $56,000 1 $150,000 $0 I $100,000 $0 $1,o41,357 $0 $1,041,357 $0 $15,000 $354,700 Total Budget Amount (Professional Services - Legal, Accounting and Audit, Professional Services - Other and Other NR - No CRA Resolution R - CRA Resolution Passed $664,807 $376,550 $1,041,357 $1,041,357 $671,657 Attachment: 2502 Exhibit A (2502 : Omni CRA's Contribution to the Museum Park) Packet Pg. 16 1.2.a Description Interfund Transfer (Debt Service) Category Approval Date Reso # Amount Budgeted Amount Expended Remaining Balance 1 Transfer Out to the City of Miami for the payment of the Port of Miami Tunnel Series 2012 Debt Service Dec-07 2007 Global Agreement $4,249,500 $0 $4,249,500 Other Current Charges and Obligations 2 Estimated 2007 Global Agreement Payment - Performing Art Center Infrastructure Dec-07 2007 Global Agreement $6,095,358 50 $6,095,358 3 Available for real estate acquisition Infrastructure NR $2,000,000 $0 $2,000,000 Interfund Transfer (Grant) 4 2015-2016 Policing Services - Clty of Miami Quality of Life 10/22/2015 15-0043 $710,000 $468,787 $241,213 5 Grant to the City of Miami Police Department for the Expanded Police Program Quality of Life 12/14/2016 16.0063 $500,000 $o $500,000 6 2017 Children Trust Contribution Subtotal Quality of Life Dec-07 Interlocal Agreement $713,820 $0 $713,820 $13,554,858 $468,787 $13,086,071 Total Budget Amount (Interfund Transfer (Debt Service), Debt Service, Purchase of Land and Interfund Transfer (Grant) NR - No CRA Resolution R - CRA Resolution Passed $2,000,000 $11,799,891 $13,799,891 Funding Source Carryover Fund Balance FY 2017 TIF Revenue $0 $4,249,500 $0 $6,095,358 50 $2,000,000 $241,213 $0 $0 $500,000 $0 $713,820 $241,213 $13,558,678 $241,213 $13,558,678 $13,799,891 $4,249,500 $6,095,358 $2,000,000 $1,455,033 Attachment: 2502 Exhibit A (2502 : Omni CRA's Contribution to the Museum Park) 3 Packet Pg. 17 1.2.a Description Category Approval Date Reso q Amount Budgeted Amount Expended Remaining Balance Carryover Fund Balance FY 2017 TIF Revenue Other Grants and Aids 1 Grant to the Perez Art Museum of Miami Dade County for various community benefits to the redevelopment area. Art and Culture 7/29/2016 16-0039 $1,000,000 $571,531 $428,469 $428,469 $0 2 1401 Rest LLC - Lessor's Contribution to leasehold improvements - Grease Trap and Hood System Job Creation 6/13/2013 13-0036 $60,000 $0 $60,000 $60,000 $0 3 Grant to Chapman House for Facade Improvement Program Infrastructure 12/14/2016 16-0058 $60,000 $0 560,000 $60,000 $0 4 Guitars Over Guns Art and Culture NR $185,000 $0 $185,000 $185,000 $0 5 Community Initiatives - Proposed Budget $100,000 (Funds allocated to Budget Reserve) Art and Culture NR $0 $0 $0 $0 $0 6 Arts in the Park/Pop Up Parks -Proposed Budget $750,000 ($325,000 allocated to Urban Temporary Park - CRA R - 16-0065 and $425,000 to Budget Reserve) Art and Culture NR $0 $0 $0 $0 $0 7 Matching funds obligation under the Florida Inldan Navigation District Grant for Phase 2 - Miami Woman's Club Baywalk Project - CIP Project Infrastructure 3/28/2013 13-0017 $150,000 $26,214 $123,786 $123,786 $O 8 Available for Business Initiatives and Job Creation Programs - Proceeds from sale of land - 14th St DEV LLC - $1,253,649 - CRA-R-15 0021- Proposed Budget Job Creation / Quality of Life NR $0 $0 $0 $0 $0 9 Dorsey Library - Project Cost - CIP Project - Funds derived from sale of land - 14th St DEV LLC - $1,253,649 - CRA R -15- 0021 Infrastructure CIP Approved Project $850,000 50 $850,000 $850,000 $0 10 Available TIF funds for Affordable Housing Projects - Original Amount $1,741,530.90 Affordable Housing 9/13/2016 16-0040 $1,041,531 $0 $1,041,531 $0 $1,041,531 11 Grant to Rebuilding Together Miami -Dade Inc. to provide partial funding for a home improvement facade and quality life program. Affordable Housing 12/14/2016 16-0061 $700,000 $0 $700,000 $0 $700,000 12 Grant to Legido Management Services, Inc to provide funding for "Business Rehabilitation Grant Programs" Affordable Housing 12/14/2016 16-0062 $905,000 $O $905,000 $905,000 50 13 Grant to Camillus House, Inc. for the "Miami Shelter Program" Quality of Life 12/14/2016 16-0059 $175,000 $0 $175,000 $175,000 $0 Attachment: 2502 Exhibit A (2502 : Omni CRA's Contribution to the Museum Park) 4 Packet Pg. 18 1.2.a 14 Miami Downtown Development Authority to expand the Downtown Enhancement Team (Purple Shirts) Quality of Life 12/14/2016 16-0057 $50,000 $0 $50,000 $50,000 $0 15 Available for Business Initiatives and Job Creation Programs - Proposed Budget $502,107 allocated to Grant to Legido Management Services, Inc Job Creation / Quality of Life NR $0 $0 $0 $0 $0 16 Museum Park Remediation Project 8-30538. CIP Project funded with OMNI TIF Funds. Infrastructure CIP Approved Project $175,000 $0 $175,000 $175,000 $0 17 Contribution to the City of Miami - TRI Rail Project Infrastructure 6/25/2015 5/26/2016 15-0022 $3,750,000 $1,271,021 $2,478,979 $845,675 $1,633,304 Subtotal $9,101,531 $1,868,766 $7,232,765 $3,857,930 $3,374,835 53,857,930 $3,374,835 Total Budget Amount Other Grants and Aids NR - No CRA Resolution R - CRA Resolution Passed $185,000 $7,047,765 $7,232,765 $7,232,765 Attachment: 2502 Exhibit A (2502 : Omni CRA's Contribution to the Museum Park) Packet Pg. 19 1.2.a Position Executive Director - OMNI Executive Director - Midtown (Reimbursed by Midtown CRA) Assistant Executive Director $75,000 Chief Legal Officer $70,000 Director of Policy and Planning $57,500 Cash Out Accumulated Annual Leave Cash Out - Former Assistant Executive Director (Balance @ 4/7/17 = 739) Cash Out of 200 hours of annual leave in FY 2017 Cash Out - Former Assistant Executive Former Assistant Director Salary (Oct 2016 - April 2017) Assistant to the Executive Director Community Liaison Intern ($10/Hour) Compensated Absences Regular Salaries Fica taxes Health/Dental/Vision Insurance OMNI CRA Staff Contingency Life and Health Insurance Retirement Contribution (401K) Executive Director Assistant Executive Director Assistant to the Executive Director Community Liaison Chief Legal Officer Director of Policy and Planning Retirement Contribution Car Allowance Executive Director - OMNI Executive Director- Midtown (Reimbursed by Midtown CRA) Former Assistant Director ($300 x 7 months (Oct 2016 - April 2017) Assistant Executive Director ($300 x 5 months) Chief Legal Officer Cell Phone Allowance Executive Director - OMNI Executive Director - Midtown (Reimbursed by Midtown CRA) Assistant Executive Director Former Assistant Director ($150 x 7 months (Oct 2016 -April 2017) Chief Legal Officer Director of Policy and Planning Fringe Benefits ADP - Payroll Processing Fee (26 payroll periods X $150) Janitorial Service / Supplies Circle Security Solutions Comcast OTIS Elevator Maintenance Service Other Contractual Services To include cost for travel out of the city for conferences and travel allowances. Travel and Per Diem FPL - Fire House Miami Water and Sewer Contingency Utility Service Property Insurance/General/Liability Insurance (MEC) Property Insurance/General/Liability Insurance (Fire Station No 2) Workers Compensation (CRA Staff) Insurance OMNI $120,000 $2,740 $50,000 $46,667 $38,333 $32,516 $8,846 $53,667 $43,000 $42,000 $20,800 $73,491 $532,060 I $40,703 I $40,703 I $48,000 $5,000 I $48,000I $9,600 $2,500 $2,150 $2,100 $2,333 $1,917 $20,600 $3,600 $6,000 $2,100 $1,500 $2,400 $1,200 $2,400 $1,500 $1,050 $1,200 $1,200 $24,150 $3,900 $9,000 $2,700 $2,400 $2,000 $20,000 $30,000 $30,000 $10,800 $3,500 $6,000 $10,300 $71,166 $28,000 $5,000 $104,166 To include the cost of food associated to CRA Meetings/Ribbon Cutting $5,000 To include the cost of miscellaneous supplies. $2,000 Sale Tax - 1401 Rest LLC $8,223 Sale Tax - EUE / Screen Gems LTD, Inc MEC $20,872 Attachment: 2502 Exhibit A (2502 : Omni CRA's Contribution to the Museum Park) 6 Packet Pg. 20 1.2.a 2016 MEC Property Taxes Other Current Charges To include supplies necessary for use in the operation of an office, such as copy Supplies To include other supplies not office related. Ex. Misc. Project Construction and Operating Supplies To include the cost of memberships to organization, Microsoft license, and Subscription Membership $178,177 $214,27I $5,000 $5,000 $5,000 $5,000 $17,000 $17,000 Purchase of Vehicle $18,000 To include the cost of new computers $6,000 Machinery and Equipment $24,000 To include the expenses of placing advertisements in the newspapers or other $30,000 Advertising Konica Minolta Copier Rental and Leases To include the cost of stamps or other related item. Distribution of newsletter Postage $30,000 $3,600 $3,600 $2,000 $2,000 To include the cost associated to any office/truck repair. $2,000 Repair / Maintenance - Outside To Include transfer of funds to the City of Miami Office of the City Clerk for Interfund Transfer Total FY 2017 Amended Budget - Recurrent Expenditures $2,000 $17,500 $17,500 $1,160,350 Attachment: 2502 Exhibit A (2502 : Omni CRA's Contribution to the Museum Park) Packet Pg. 21