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HomeMy WebLinkAboutR-18-0389City of Miami Resolution R-18-0389 Legislation City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 4754 Final Action Date: 9/13/2018 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ACCEPTING AND APPROVING THE ANNUAL GENERAL OPERATING AND TAX INCREMENT FUND BUDGET OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("OMNI CRA"), ATTACHED AND INCORPORATED AS EXHIBIT "A," IN THE TOTAL AMOUNT OF $43,907,989.00 FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2018 AND ENDING SEPTEMBER 30, 2019, 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 Annual General Operating and Tax Increment Fund Budget in the total amount of $43,907,989.00 for the fiscal year commencing October 1, 2018 and ending September 30, 2019 ("Budget") was approved by the Omni CRA's Board of Commissioners on September 12, 2018 pursuant to Resolution No. CRA-R-18-0034; and WHEREAS, the Omni CRA requests the acceptance and approval of its Budget, attached and incorporated as Exhibit "A," for the fiscal year commencing October 1, 2018 and ending September 30, 2019 in the amount of $43,907,989.00; 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 Budget of the Omni CRA, attached and incorporated as Exhibit "A", for the fiscal year commencing October 1, 2018 and ending September 30, 2019, as approved by the Omni CRA's Board of Commissioners, in the total amount of $43,907,989.00 is accepted and approved. City of Miami Page 1 of 2 File ID: 4754 (Revision: A) Printed On: 4/3/2025 File ID: 4754 Enactment Number: R-18-0389 Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.' APPROVED AS TO FORM AND CORRECTNESS: ndez, ity ttor ey 10/1172018 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: 4754 (Revision: A) Printed on: 4/3/2025