HomeMy WebLinkAboutR-18-0278City of Miami
Resolution R-18-0278
Legislation
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.
City of Miami Page 1 of 2 File ID: 4096 (Revision: A) Printed On: 4/1/2025
File ID: 4096 Enactment Number: R-18-0278
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 tor
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: 4096 (Revision: A) Printed on: 4/1/2025