HomeMy WebLinkAboutSEOPW CRA 2018-09-13 Agenda PacketCity of Miami
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Miami, FL 33136
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Meeting Agenda
Thursday, September 13, 2018
12:00 PM
City Hall
3500 Pan American Drive
Miami, FL 33133
SEOPW Community Redevelopment Agency
Keon Hardemon, Chair
Wifredo Gort, Vice Chair
Ken Russell, Board Member, District Two
Joe Carollo, Board Member, District Three
Manolo Reyes, Board Member, District Four
SEOPW CRA OFFICE ADDRESS:
819 NW 2ND AVENUE, 3RD FLOOR
MIAMI, FL 33136
Phone: (305) 679-6800 I Fax (305) 679-6835
www.miamicra.com
Southeast Overtown/Park West CRA Meeting Agenda
September 13, 2018
CALL TO ORDER
PUBLIC COMMENTS
APPROVING THE MINUTES OF THE FOLLOWING MEETING(S):
1. Thursday, March 01, 2018
2. Thursday, March 29, 2018
3. Tuesday, June 26, 2018
RESOLUTIONS
1. CRA RESOLUTION
4774 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT
AGENCY, WITH ATTACHMENT(S), DE -ALLOCATING $6,895,418.00 IN
UNUSED FUNDS ASSOCIATED WITH PREVIOUSLY DESIGNATED
PROJECTS, AS MORE SPECIFICALLY SET FORTH IN EXHIBIT "A."
File # 4774 Backup
2. CRA RESOLUTION
4775 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT
AGENCY ("CRA"), WITH ATTACHMENT(S), APPROVING AND ADOPTING
THE CRA'S PROPOSED GENERAL OPERATING AND TAX INCREMENT
FUND BUDGET FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2018
AND ENDING SEPTEMBER 30, 2019 SET FORTH IN EXHIBIT "A"; IN THE
AMOUNT OF $55,797,553.00, DIRECTING THE EXECUTIVE DIRECTOR TO
TRANSMIT A COPY OF SAID BUDGET TO THE CITY OF MIAMI AND
MIAMI-DADE COUNTY.
File # 4775 Exhibit A
ADJOURNMENT
City of Miami Page 2 Printed on 9/5/2018
2.1
SEOPW Board of Commissioners Meeting
September 13, 2018
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Keon Hardemon Date:
and Members of the CRA Board
From: Cornelius Shiver
Executive Director
File: 4774
Subject: Resolution De -Allocating
$6,895,418.00 of Unused Funds to the
CRA's Unrestricted Fund Balance
Enclosures: File # 4774 Backup
BACKGROUND:
It is recommended that the Board of Commissioners of the Southeast Overtown/Park West Community
Redevelopment Agency ("CRA") approve and adopt the attached Resolution de -allocating $6,895,418.00
of unused funds, as outlined in Exhibit "A".
JUSTIFICATION:
Where balances remain, a subsequent resolution is required to de -allocate those funds, thereby returning
the remaining balances to the CRA's unrestricted fund balance in order to fund new or existing projects.
This Resolution carries out these objectives.
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2.1
Southeast Overtown/Park West
Community Redevelopment Agency
CRA Resolution
Enactment Number:
File Number: 4774 Final Action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY, WITH
ATTACHMENT(S), DE -ALLOCATING $6,895,418.00 IN UNUSED FUNDS
ASSOCIATED WITH PREVIOUSLY DESIGNATED PROJECTS, AS MORE
SPECIFICALLY SET FORTH IN EXHIBIT "A."
WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency
("CRA") is a community redevelopment agency created pursuant to Chapter 163, Florida
Statutes, and is responsible for carrying out community redevelopment activities and projects
within its Redevelopment Area in accordance with the 2009 Southeast Overtown/Park West
Redevelopment Plan ("Plan"); and
WHEREAS, the Board of Commissioners, designated and, authorize funding for various
projects; and
WHEREAS, there now remains $6,895,418.00 in unused funds from these previously
designated projects, as more specifically set forth in Exhibit "A;" and
WHEREAS, the Board of Commissioners wishes to authorize the de -allocation of
$6,895,418.00 in unused funds from these previously designated projects, to be transferred to the
CRA's Unrestricted Fund Balance in order to fund new or existing projects, set forth in Exhibit
"A;" and
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF
THE SOUTHEAST OVERTOWN/PARK WEST 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 unused funds in the amount of $6,895,418.00, associated with the
previously authorized projects, as more specifically set forth in Exhibit "A," are de -allocated.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
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2.1
fiver, E cutive Director 9/5/2018
Page 3 of 3
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2.1.a
Budget Reallocations and Deobligation of Funds
##
Description
Category
Resolution
No/Funds
Assigned
Award
Amount
Actual
Remaining
Balance
1
Grant to the City of Miami for the
renovation of Gibson Park
Parks and Open
Spaces
(Capital Projects)
09-0012
$1,000,000
$891,346
$108,654
2
Purchase of property and land
located at 921 NW 2nd Court and
925 NW 2nd Court.
Affordable
Workforce
Housing
12-0012
$235,000
$223,556
$11,444
3
Grant to Miami Dade College to
underwrite costs associated with the
continued operation of the
Hospitality Institute Job Training and
Job Placement Program.
Job Creation /
Economic
Development
(Programming)
13-0006
$300,000
$283,168
$16,832
4
Development Agreement with
Overtown Gateway Partners, LLC for
the development of Block 45.
Public Parking
Project
14-0005
$3,000,000
$0
$3,000,000
5
Budget Reserve for Settlement
Agreement of Block 46. CRA's
agreement to remit 50% of the tax
increment revenues generated from
the Project to the Developer.
($1,500,000 in the aggregate.)
Workforce
Housing (Capital
Projects)
14-0007
$1,000,000
$0
$1,000,000
6
SEOPW CRA Police Unit
Quality of Life
15-0011
$700,000
$559,867
$140,133
7
Grant for 2015 Summer Youth
Training Institute (Urgent Inc.)
Job Creation /
Economic
Development
(Programming)
15-0015
$226,000
$209,428
$16,572
8
2015 Annual Revolt Film Festival
Arts and Culture
(Programming)
15-0040
$150,000
$142,053
$7,947
9
Grant for 2016 Summer Youth
Training Institute (Urgent Inc.)
Job Creation /
Economic
Development
(Programming)
16-0024
$205,000
$180,912
$24,088
10
Professional services agreement
with Circle of One Marketing, Inc for
venue operations and management
services at the "OPAC".
Economic
Development
(Programming)
17-0010
$220,000
$125,652
$94,348
11
2017 Grant to Human Resource
Staffing of Miami, Inc. (Blue Shirts),
to manage and operate a job
creation/training program.
Job Creation /
Training and
Placement
17-0013
$320,000
$300,543
$19,457
Attachment: File # 4774 Backup (4774: Resolution De -Allocating $6,895,418.00 of Unused Funds to the CRA's Unrestricted Fund Balance)
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2.1.a
12
Grant to Suited for Success, Inc. for
Training and Professional Attire to
Job Seekers.
Job Creation /
Training and
Placement
17-0015
$112,000
$110,069
$1,931
13
2017 Overtown Music Festival
Arts and Culture
(Programming)
17-0016
$225,000
$223,667
$1,333
14
Grant for 2017 Summer Youth
Training Institute (Urgent Inc.)
Job Creation
17-0029
$220,000
$175,868
$44,132
15
2007 Global Agreement (2017
Estimated Clawback Payment)
Global Agreement
2007 Global
Agreement
$6,100,000
$5,907,467
$192,533
16
2007 Global Agreement (2018
Estimated Clawback Payment)
Global Agreement
2007 Global
Agreement
$5,200,000
$5,134,336
$65,664
17
Town Park North - Rehab Project
Affordable
Housing (Capital
Projects)
Funds
Assigned
$1,194,369
$0
$1,194,369
18
Land Acquisition
Affordable
Housing
Funds
Assigned
$281,540
$0
$281,540
19
Contingency for Town Park South
and Town Park Village -
Rehabilitation Projects
Affordable
Housing (Capital
Projects)
Funds
Assigned
$280,765
$26,325
$254,441
20
Multifamily Housing Rehabilitation
Fund
Affordable
Housing (Capital
Projects)
Funds
Assigned
$220,000
$0
$220,000
21
Business Improvement Fund
(Jackie's House Restaurant located
at 1495 NW 3rd Avenue)
Job Creation /
Economic
Development
(Capital Project)
Funds
Assigned
$200,000
$0
$200,000
$6,895,418
Attachment: File # 4774 Backup (4774: Resolution De -Allocating $6,895,418.00 of Unused Funds to the CRA's Unrestricted Fund Balance)
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2.2
SEOPW Board of Commissioners Meeting
September 13, 2018
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Keon Hardemon Date:
and Members of the CRA Board
From: Cornelius Shiver
Executive Director
File: 4775
Subject: SEOPW CRA Proposed General
Operating and Tax Increment Fund
Budget for Fiscal Year 2018 to 2019,
in
Enclosures: File # 4775 Exhibit A
BACKGROUND:
It is recommended that the Board of Commissioners of the Southeast Overtown/Park West Community
Redevelopment Agency ("SEOPW CRA") approve the attached Resolution adopting the proposed
SEOPW CRA General Operating and Tax Increment Fund Budget for the Fiscal Year commencing
October 1, 2018 and ending September 30, 2019, in the amount of $55,797,553.00, and directing the
Executive Director to transmit copies of the Budget to the City of Miami and Miami -Dade County.
JUSTIFICATION:
The SEOPW CRA is required to annually prepare a proposed budget and transmit the budget to the City
of Miami and Miami -Dade County. See attached Exhibit A. This Resolution fulfills that requirement.
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2.2
Southeast Overtown/Park West
Community Redevelopment Agency
CRA Resolution
Enactment Number:
File Number: 4775 Final Action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("CRA"),
WITH ATTACHMENT(S), APPROVING AND ADOPTING THE CRA'S PROPOSED
GENERAL OPERATING AND TAX INCREMENT FUND BUDGET FOR THE FISCAL
YEAR COMMENCING OCTOBER 1, 2018 AND ENDING SEPTEMBER 30, 2019 SET
FORTH IN EXHIBIT "A"; IN THE AMOUNT OF $55,797,553.00, DIRECTING THE
EXECUTIVE DIRECTOR TO TRANSMIT A COPY OF SAID BUDGET TO THE CITY
OF MIAMI AND MIAMI-DADE COUNTY.
WHEREAS, the Southeast Overtown/Park West Community Redevelopment
Agency ("CRA") is responsible for carrying out community redevelopment activities and
projects within its Redevelopment Area in accordance with the 2009 Southeast
Overtown/Park West Redevelopment Plan; and
WHEREAS, as a prerequisite to carrying out redevelopment activities for Fiscal
Year commencing October 1, 2018 and ending September 30, 2019 ("FY 2019"), it is
required that the CRA's Board of Commissioners approve the CRA's proposed Fiscal
Year 2019 General Operating Budget and Tax Increment Fund Budget; and
WHEREAS, pursuant to Interlocal Agreements, a copy of CRA's budget is
required to be transmitted to the City of Miami ("City") and Miami -Dade County; and
WHEREAS, all the expenses included in the budget are in accordance with state
law, Interlocal Agreements, and the Plan; and
WHEREAS, in the event that the City authorizes a cost of living adjustment for all
City employees, the Executive Director, as a City employee, shall be entitled to the
same; and
WHEREAS, the Board of Commissioners wish to approve and adopt the CRA's
proposed General Operating and Tax Increment Fund Budget for the FY 2019 set forth
in Exhibit "A"; in the amount of $55,797,553.00; and
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF
THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF MIAMI, FLORIDA:
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2.2
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 Southeast Overtown/Park West Community Redevelopment
Agency's General Operating and Tax Increment Fund Budget for the Fiscal Year
commencing October 1, 2018 and ending September 30, 2019, set forth in Exhibit "A,"
in the amount of $55,797,553.00, is hereby approved and adopted.
Section 3. The Executive Director is directed to transmit a copy of said budget
to the City of Miami ("City") and Miami -Dade County.
Section 4. In the event that the City authorizes a cost of living adjustment for
all City employees, the Executive Director of the CRA, as a City employee, shall be
entitled to the same.
Section 5. This Resolution shall become effective immediately upon its
adoption.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
Gorretrus shiver, Executive Director 9/5/2018
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2.2.a
SEOPW GENERAL OPERATING TAX INCREMENT FUND BUDGET
FY 2019
PROPOSED
BUDGET
FY 2018
AMENDED
BUDGET
BUDGET
VARIANCE
REVENUES
CITY OF MIAMI - TAX INCREMENT (ORIGINAL BOUNDARIES)
$10,404,085
$10,374,855
$29,230
MIAMI DADE COUNTY - TAX INCREMENT (ORIGINAL BOUNDARIES)
$6,403,132
$6,515,446
-$112,314
CITY OF MIAMI -TAX INCREMENT (EXPANDED BOUNDARIES)
$660,858
$642,758
$18,100
MIAMI DADE COUNTY -TAX INCREMENT (EXPANDED BOUNDARIES)
$406,973
$404,683
$2,290
CITY OF MIAMI - TAX INCREMENT (PARK WEST ADDITION)
$634,793
$413,185
$221,608
MIAMI DADE COUNTY - TAX INCREMENT (PARK WEST ADDITION)
$390,916
$261,143
$129,773
CONTRIBUTION FROM THE CHILDREN TRUST FUND
$758,074
$758,074
$0
PROCEEDS OF SALE OF BLOCK 55 (ESTIMATE)
$12,000,000
$12,000,000
$0
2018 ESTIMATED FUND BALANCE
$24,138,721
$24,593,235
-$454,514
TOTAL REVENUE
$55,797,552
$55,963,379
($165,827)
REDEVELOPMENT EXPENDITURES
PROFESSIONAL SERVICES - LEGAL
$499,529
$457,865
$41,664
ACCOUNTING AND AUDIT
$31,000
$6,850
$24,150
PROFESSIONAL SERVICES - OTHER
$2,093,085
$1,798,645
$294,440
OTHER CONTRACTUAL SERVICES
$927,415
$550,605
$376,810
DEBT SERVICE PAYMENT
$4,518,625
$4,521,875
-$3,250
INTERFUND TRANSFER (Grant)
$12,126,045
$10,796,129
$1,329,915
LAND
$292,984
$292,984
$0
CONSTRUCTION IN PROGRESS
$306,077
$310,157
-$4,080
OTHER GRANTS AND AIDS
$31,898,210
$34,225,943
-$2,327,733
TOTAL REDEVELOPMENT EXPENDITURES
$52,692,971
$52,961,055
($268,084)
REGULAR SALARIES
$1,308,306
$1,308,306
$0
FICA TAXES
$100,085
$100,085
$0
LIFE AND HEALTH INSURANCE
$173,014
$173,014
$0
RETIREMENT CONTRIBUTION
$107,329
$107,329
$0
FRINGE BENEFITS
$18,300
$18,300
$0
OTHER CONTRACTUAL SERVICE
$92,566
$92,566
$0
TRAVEL AND PER DIEM
$30,000
$30,000
$0
UTILITY SERVICE
$64,401
$64,401
$0
INSURANCE
$139,555
$139,555
$0
OTHER CURRENT CHARGE
$59,000
$59,000
$0
SUPPLIES
$12,000
$12,000
$0
OPERATING SUPPLIES
$12,000
$12,000
$0
SUBSCRIPTION MEMBERSHIP/TRAINING
$15,000
$15,000
$0
MACHINERY AND EQUIPMENT
$3,000
$3,000
$0
ADVERTISING
$35,000
$35,000
$0
RENTAL AND LEASES
$67,000
$67,000
$0
POSTAGE
$2,000
$2,000
$0
REPAIR/MAINTENANCE - OUTSIDE
$2,000
$2,000
$0
INTERFUND TRANSFER
$30,000
$30,000
$0
TOTAL ADMINISTRATIVE EXPENDITURES
$2,270,556
$2,270,556
$0
Revenue Shortfall Reserve
BUDGET RESERVE - ADMINISTRATION
$240,000
$0
$240,000
a) FY 2014 Carryover Fund Balance (Surplus)
$0
$68,874
-$68,874
b) FY 2015 Carryover Fund Balance (Surplus)
$0
$360,593
-$360,593
c) FY 2016 Carryover Fund Balance (Surplus)
$272,270
$302,301
-$30,031
d) FY 2017 Carryover Fund Balance (Surplus)
$321,755
$0
$321,755
e) FY 2018 Carryover Fund Balance (Surplus)
$0
$0
$0
TOTAL REVENUE SHORTFALL RESERVE
$834,025
$731,768
$102,257
TOTAL FUND BALANCE
$55,797,553
$55,963,379
($165,827)
so
so
2019 TIF Revenue
2019 Administrative Expenditures
Administrative Exp / 2018 TIF Revenue
$18,900,757
$2,270,556
12%
2019 Budget Reserve $834,025
Total 2019 Budget $55,797,553
2019 Budget Reserve / Total 2019 Budget 1%
Attachment: File # 4775 Exhibit A (4775 : SEOPW CRA Proposed General Operating and Tax Increment Fund Budget for Fiscal Year 2018 to
1
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