HomeMy WebLinkAboutR-17-0328City of Miami
Resolution R-17-0328
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 2075 Final Action Date: 7/13/2017
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
ACCEPTING AND APPROVING THE AMENDED BUDGET OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
("OMNI CRA"), ATTACHED AND INCORPORATED AS EXHIBIT "A," IN THE
AMOUNT OF $26,334,478.00 FOR THE FISCAL YEAR COMMENCING
OCTOBER 1, 2016 AND ENDING SEPTEMBER 30, 2017 ("AMENDED
BUDGET"), AS APPROVED BY THE OMNI CRA'S BOARD OF
COMMISSIONERS.
WHEREAS, pursuant to Part III, Chapter 163, Florida Statues, there was created by
action of Miami -Dade County, Florida ("County") and the City of Miami, Florida ("City"), the Omni
Redevelopment District Community Redevelopment Agency ("Omni CRA") within the limits of
the City; and
WHEREAS, Article VI, Paragraph 6.1 of the Interlocal Cooperation Agreement, dated
March 1, 2000, between the City, the Omni CRA, and the Southeast Overtown/Park West
Community Redevelopment Agency, as revised and amended, requires that the Omni CRA
submit its budget and related amendments, modifications, and alterations of projects to the City
for approval; and
WHEREAS, the Omni CRA's original Annual General Operating and Tax Increment
Fund Budget in the total amount of $27,105,271.00 for the Fiscal Year 2016-2017 (collectively,
"Original Budget") was approved by the Omni CRA's Board of Commissioners on September 9,
2016 pursuant to Resolution CRA-R-16-01282 and by the City Commission on September 20,
2016 pursuant to Resolution R-16-0441; and
WHEREAS, it is necessary to amend the Original Budget to reflect the amount of tax
increment funds actually owed in January 2017 by each taxing authority that contributes to the
Omni CRA's Redevelopment Trust Fund for the Fiscal Year 2016-2017; and
WHEREAS, the Omni CRA's Amended Tax Increment Fund and General Operating
Budget for the Fiscal Year 2016-2017 (collectively, "Amended Budget") was approved in the
amount of $26,334,478.00 by the Omni CRA's Board of Commissioners on April 19, 2017
pursuant to Resolution CRA-R-17-0023 to reflect that tax increment update; and
WHEREAS, the City Commission wishes to accept and approve the Omni CRA's
Amended Budget;
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 if fully set forth in this Section.
City of Miami Page 1 of 2 File ID: 2075 (Revision:) Printed On: 3/24/2025
File ID: 2075 Enactment Number: R-17-0328
Section 2. The Amended Budget of the Omni CRA, attached and incorporated as
Exhibit "A", for the Fiscal Year commencing October 1, 2016 and ending September 30, 2017,
as approved by the Omni CRA's Board of Commissioners, is accepted and approved.
Section 3. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.'
APPROVED AS TO FORM AND CORRECTNESS:
ndez, City Attor
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: 2075 (Revision:) Printed on: 3/24/2025