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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #2816 Date: 08/11/2017 Commission Meeting Date: 09/19/2017 Type: Subject: Requesting Department: Southeast Overtown/Park West CRA Sponsored By: District Impacted: District 2, District 5 Resolution Approve Annual Budget FY '18 - SEOPW CRA Purpose of Item: To approve the proposed budget of the Southeast Overtown/Park West Community Redevelopment Agency for Fiscal Year 2018. Background of Item: It is recommended that the Board of Commissioners of the City of Miami approve the attached Resolution accepting and adopting the proposed budget of the Southeast Overtown/Park West Community Redevelopment Agency for the fiscal year commencing October 1, 2017 and ending September 30, 2018. Budget Impact Analysis Item is Related to Revenue Total Fiscal Impact: N/A Southeast Overtown/Park West CRA Southeast Overtown/Park West CRA Southeast Overtown/Park West CRA and Legal Sufficiency 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 Office of the City Attorney Office of the City Attorney City Commission City Commission Office of the Mayor Office of the City Clerk Reviewed B Completed Donovan Dawson Christopher M Rose Alberto N. Parjus Daniel J. Alfonso Valentin J Alvarez Xavier Alban Barnaby L. Min Victoria Mendez Nicole Ewan Nicole Ewan Mayor's Office City Clerk's Office Miguel A Valentin Clarence E. Woods Renee Jadusingh 08/22/2017 4:10 PM Budget Analyst Review Budget Review Assistant City Manager Review City Manager Review Legislative Division Review ACA Review Deputy City Attorney Review Approved Form and Correctness Meeting Meeting Finance Review Executive Review Approved as to Form Completed Completed Completed Completed Completed Completed Completed Completed Completed Completed Signed by the Mayor Completed Signed and Attested by the City Clerk Completed Completed Completed 08/22/2017 5:13 PM 08/23/2017 9:40 AM 08/23/2017 1:58 PM 08/26/2017 10:23 AM 08/28/2017 10:31 AM 08/29/2017 9:07 AM 08/29/2017 9:52 AM 08/29/2017 4:22 PM 09/14/2017 5:05 PM 09/19/2017 5:05 PM 09/20/2017 3:58 PM 09/20/2017 4:07 PM City of Miami Legislation Resolution Enactment Number: R-17-0438 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 2816 Final Action Date:9/19/2017 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ACCEPTING AND ADOPTING THE ANNUAL GENERAL OPERATING AND TAX INCREMENT FUND BUDGET OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW CRA"), ATTACHED AND INCORPORATED AS EXHIBIT "A", IN THE AMOUNT OF $46,290,074.00, FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2017 AND ENDING SEPTEMBER 30, 2018, AS APPROVED BY THE SEOPW CRA'S BOARD OF COMMISSIONERS. WHEREAS, pursuant to Part III, Chapter 163, Florida Statutes, the Southeast Overtown/Park West Community Redevelopment Agency ("SEOPW CRA") was created within the limits of the City of Miami ("City") by action of Miami -Dade County and the City; and WHEREAS, Article VI, paragraph 6.1 (b) of the Interlocal Cooperation Agreement dated March 1, 2000 between the City, the SEOPW CRA, and the Omni Redevelopment District Community Redevelopment Agency, as revised and amended, requires that the SEOPW CRA submit its budget to the City Commission; and WHEREAS, the SEOPW CRA Board of Commissioners approved and adopted the SEOPW CRA's General Operating and Tax Increment Fund Budget ("Budget") for Fiscal Year 2017-2018 on July 31, 2017, pursuant to Resolution No. CRA-R-17-0045; and WHEREAS, the SEOPW CRA requests the acceptance and approval of the Budget for the Fiscal Year commencing October 1, 2017 and ending September 30, 2018 in the amount of $46,290,074.00; 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 adopted by reference and incorporated as if fully set forth in this Section. Section 2. The SEOPW CRA's Fiscal Year 2017-2018 Budget in the amount of $46,290,074.00, attached and incorporated as Exhibit "A", for the Fiscal Year commencing October 1, 2017 and ending September 30, 2018 is accepted and adopted. Section 3. 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: