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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #4553 Date: 08/03/2018 Commission Meeting Date: 09/27/2018 Requesting Department: Midtown Community Redevelopment Agency Sponsored By: District Impacted: All Type: Resolution Subject: Approve Amended Budget FY '18 - Midtown CRA Purpose of Item: A request for the City of Miami Board of Commissioners to approve the attached Resolution approving and adopting the 2018 amended budget for the fiscal year commencing October 1, 2017 ending September 30, 2018. Background of Item: It is recommended that the City of Miami Commission approves and adopts the attached Resolution, with attachment(s), adopting the 2018 amended budget of the Midtown Community Redevelopment Agency in the amount of $6,628,202.00 for the fiscal year commencing October 1, 2017 ending September 30, 2018. Further directing the Executive Director to transmit a copy of each budget to the City of Miami and Miami - Dade County. Budget Impact Analysis Item is NOT Related to Revenue Item has NOT an Expenditure Item is NOT funded by Bonds Total Fiscal Impact: N/A Reviewed B Midtown Community Redevelopment Agency Review Completed 08/27/2018 3:21 PM Office of Management and Budget Carolina Aguila Office of Management and Budget Luis Hernandez -Torres Office of Management and Budget Christopher M Rose City Manager's Office Carolina Aguila City Manager's Office Sandra Bridgeman City Manager's Office Nikolas Pascual Legislative Division Valentin J Alvarez Office of the City Attorney Barnaby L. Min City Commission Nicole Ewan Office of the Mayor Mayor's Office Office of the City Clerk City Clerk's Office Legislative Division Valentin J Alvarez Office of the City Attorney Barnaby L. Min Office of the City Attorney Victoria Mendez Miguel A Valentin Department Head Budget Analyst Review Budget Analyst Review Budget Review Assistant City Manager Review Assistant City Manager Review City Manager Review Legislative Division Review Deputy City Attorney Review Meeting Skipped Completed Completed Skipped Completed Completed Completed Completed Completed Signed by the Mayor Completed Signed and Attested by the City Clerk Completed Legislative Division Review Completed Deputy Attorney Review Completed Approved Form and Correctness with Modification(s) 08/17/2018 10:39 AM 08/28/2018 10:41 AM 08/29/2018 11:32 AM 08/31/2018 8:31 AM 09/04/2018 12:51 PM 09/06/2018 10:20 AM 09/07/2018 10:38 AM 09/07/2018 11:20 AM 09/27/2018 9:00 AM 10/09/2018 3:08 PM 10/09/2018 3:50 PM 10/18/2018 3:56 PM 10/18/2018 4:00 PM Completed Office of the City Clerk City Clerk's Office Rendered Completed 10/23/2018 4:40 PM City of Miami Legislation Resolution Enactment Number: R-18-0416 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 4553 Final Action Date:9/27/2018 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ACCEPTING AND APPROVING THE AMENDED BUDGET OF THE MIDTOWN COMMUNITY REDEVELOPMENT AGENCY ("CRA"), ATTACHED AND INCORPORATED AS EXHIBIT "A", IN THE AMOUNT OF $6,628,202.00 FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2017 AND ENDING SEPTEMBER 30, 2018, AS APPROVED BY THE CRA'S BOARD OF COMMISSIONERS. WHEREAS, the original 2017-2018 Fiscal Year ("Fiscal Year") budget for the Midtown Community Redevelopment Agency ("Midtown CRA") was authorized by Resolution No. R-17- 0436 on September 19, 2017 in the amount of $6,628,404.00, attached and incorporated as Exhibit "B" ("Original Budget"); and WHEREAS, it is necessary to decrease the Original Budget by $202.00 to reflect the actual tax increment funds received in the Fiscal Year in a total amount of $6,628,202.00; and WHEREAS, the Board of Commissioners of the Midtown CRA adopted Resolution No. MCRA-R-18-0001 approving and adopting the amended budget for the Fiscal Year in the amount of $6,628,202.00, attached and incorporated as Exhibit "A" ("Amended Budget"); and WHEREAS, the Board of Commissioners of the Midtown CRA requests the Miami City Commission to approve and adopt the Midtown CRA's Amended Budget for the Fiscal Year; 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 Amended Budget of the Midtown CRA for the Fiscal Year is accepted and approved. Section 3. This Resolution shall become effective immediately upon its adoption.' APPROVED AS TO FORM AND CORRECTNESS: 1 The herein authorization is further subject to compliance with all requirements that may be imposed by the City Attorney, including but not limited to, those prescribed by applicable City Charter and City Code provisions.