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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #4096 Date: 05/03/2018 Commission Meeting Date: 06/28/2018 Requesting Department: OMNI Community Redevelopment Agency Sponsored By: District Impacted: All Type: Resolution Subject: Mid -Year Amended Budget Approval - OMNI CRA 2017-18 Purpose of Item: OMNI CRA's 2017-2018 Mid -Year Amended Budget Approval Background of Item: It is recommended that the Miami City Commission approve the attached resolution of the Omni Redevelopment District Community Redevelopment Agency ("CRA"), with attachment(s), adopting the amended Omni CRA's General Operating Budget and Tax Increment Fund Budget, 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 OMNI Community Redevelopment Review Completed Office of Management and Budget Office of Management and Budget Office of Management and Budget City Manager's Office 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 Legislative Division Office of the City Attorney Office of the City Attorney Office of the City Attorney Office of the City Clerk Reviewed B Agency 05/09/2018 1:25 PM Luis Hernandez -Torres Carolina Aguila Christopher M Rose Carolina Aguila Fernando Casamayor Nikolas Pascual Valentin J Alvarez Xavier Alban Barnaby L. Min Victoria Mendez Nicole Ewan Maricarmen Lopez Mayor's Office City Clerk's Office Valentin J Alvarez Xavier Alban Barnaby L. Min Victoria Mendez City Clerk's Office Jason M. Walker Budget Analyst Review Budget Analyst Review Budget Review Assistant City Manager Review Assistant City Manager Review City Manager Review Legislative Division Review ACA Review Deputy City Attorney Review Approved Form and Correctness Meeting Meeting Department Head Completed Skipped Completed Skipped Completed Completed Completed Completed Completed Completed Completed Completed Signed by the Mayor Completed Signed and Attested by the City Clerk Completed Legislative Division Review Completed ACA Review Completed Deputy Attorney Review Completed Approved Form and Correctness with Modification(s) Rendered Completed 05/10/2018 7:41 PM 05/14/2018 11:38 AM 05/14/2018 12:29 PM 05/14/2018 11:42 AM 05/26/2018 11:41 AM 05/30/2018 4:03 PM 06/04/2018 9:36 AM 06/04/2018 10:42 AM 06/04/2018 10:49 AM 06/04/2018 11:41 AM 06/14/2018 9:00 AM 06/28/2018 9:00 AM 07/09/2018 4:56 PM 07/09/2018 5:25 PM 08/28/2018 2:27 PM 08/28/2018 3:25 PM 08/28/2018 3:35 PM Completed 09/24/2018 11:27 AM City of Miami Legislation Resolution Enactment Number: R-18-0278 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 4096 Final Action Date:6/28/2018 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ACCEPTING AND ADOPTING THE AMENDED TAX INCREMENT FUND BUDGET OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("OMNI CRA"), ATTACHED AND INCORPORATED AS EXHIBIT "A," FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2017, AND ENDING SEPTEMBER 30, 2018, AS APPROVED BY THE OMNI CRA'S BOARD OF COMMISSIONERS. WHEREAS, pursuant to Part III, Chapter 163, Florida Statutes, there was created by action of Miami -Dade County ("County") and the City of Miami ("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 Fiscal Year 2017-2018 Tax Increment Fund Budget ("Budget") of the Omni CRA in the total amount of $53,387,872.00 was approved by the Omni CRA's Board of Commissioners on July 27, 2017, pursuant to Resolution No. CRA-R-17-0043 and by the City Commission on September 19, 2017, pursuant to Resolution No. 17-0437; and WHEREAS, it is necessary to amend the Budget to reflect a correct table of organization and to reflect the amount of tax increment funds actually owed in January 2018, by each taxing authority that contributes to the Omni CRA's Redevelopment Trust Fund for the Fiscal Year 2017-2018; and WHEREAS, the Fiscal Year 2017-2018 Amended Tax Increment Fund Budget ("Amended Budget") of the Omni CRA in the total amount of $34,262,655.00 was approved by the Omni CRA's Board of Commissioners on April 18, 2018 pursuant to Resolution No. CRA-R- 18-0022; and WHEREAS, the City Commission wishes to accept and adopt said 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. Section 2. The Amended Budget of the Omni CRA, attached and incorporated as Exhibit "A," for the Fiscal Year commencing October 1, 2017, and ending September 30, 2018, as approved by the Omni CRA's Board of Commissioners is accepted and adopted. 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 ey 6/4/2018 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.