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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #4617 Date: 08/09/2018 Commission Meeting Date: 09/13/2018 Requesting Department: Southeast Overtown/Park West CRA Sponsored By: District Impacted: Type: Resolution Subject: Approve Annual Budget FY '19 - Southeast Overtown/Park West Purpose of Item: A request for the City of Miami Board of Commissioners to approve the attached Resolution approving and adopting the amended Tax Increment Fund and General Operating Budget of the CRA for the fiscal year commencing October 1, 2018 ending September 30, 2019. Background of Item: N/A Budget Impact Analysis Item is NOT Related to Revenue Item is NOT funded by Bonds Item has NOT an Expenditure Total Fiscal Impact: N/A Reviewed B Southeast Overtown/Park West CRA Review Completed 08/28/2018 2:51 PM Southeast Overtown/Park West CRA Office of Management and Budget Luis Hernandez -Torres Office of Management and Budget Christopher M Rose City Manager's Office Sandra Bridgeman Legislative Division City Manager's Office Office of the City Attorney Office of the City Attorney 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 Clerk Valentin J Alvarez Nikolas Pascual Valentin J Alvarez Maricarmen Lopez Nicole Ewan Mayor's Office City Clerk's Office Valentin J Alvarez Barnaby L. Min Victoria Mendez City Clerk's Office Miguel A Valentin Miguel A Valentin Budget Analyst Review Budget Review Assistant City Manager Review Legislative Division Review City Manager Review Deputy City Attorney Review Approved Form and Correctness Meeting Signed by the Mayor Department Head Finance Review Completed Completed Completed Completed Completed Skipped Skipped Completed Completed Signed and Attested by the City Clerk Completed Legislative Division Review Completed Deputy Attorney Review Completed Approved Form and Correctness with Modification(s) Rendered Completed Completed 08/28/2018 5:58 PM 08/29/2018 11:33 AM 09/04/2018 3:06 PM 09/04/2018 4:22 PM 09/04/2018 4:56 PM 09/04/2018 5:31 PM 09/13/2018 8:28 PM 09/13/2018 5:05 PM 09/24/2018 4:19 PM 09/24/2018 4:49 PM 10/18/2018 3:28 PM 10/18/2018 3:35 PM Completed 11/05/2018 4:10 PM City of Miami Legislation Resolution Enactment Number: R-18-0390 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 4617 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 BUDGET OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW CRA"), ATTACHED AND INCORPORATED AS EXHIBIT "A", IN THE AMOUNT OF $55,797,553.00, FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2018, AND ENDING SEPTEMBER 30, 2019. WHEREAS, pursuant to Part III, Chapter 163, Florida Statutes, there was created by action of Miami -Dade County and the City of Miami ("City") the Southeast Overtown/Park West Community Redevelopment Agency ("SEOPW CRA") within the limits of the City; and WHEREAS, Article VI, Section 6.1 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 and related amendments, modifications, and alterations of projects to the City for approval; and WHEREAS, pursuant to Resolution No. CRA-R-18-0039, the SEOPW CRA Board of Commissioners approved and adopted the SEOPW CRA's Annual General Operating and Tax Increment Budget for the fiscal year commencing October 1, 2018 and ending September 30, 2019 in the amount of $55,797,553.00 ("Budget"); and WHEREAS, the SEOPW CRA requests the acceptance and approval of its Budget, attached and incorporated as Exhibit "A"; 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 approved by reference and incorporated as if fully set forth in this Section. Section 2. The SEOPW CRA's Budget, attached and incorporated as Exhibit "A," 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: 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.