HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #4352
Date: 06/22/2018
Commission Meeting Date: 07/12/2018
Type:
Subject:
Requesting Department: Southeast
Overtown/Park West CRA
Sponsored By:
District Impacted: District 5
Resolution
Approve Amended Budget - SEOPW FY'17 -'18
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, 2017 ending
September 30, 2018.
Background of Item:
On March 29, 2018 the SEOPW CRA Board of Commissioners approved and adopted
the CRA's Amended Tax Increment Fund and General Operating Budget for the Fiscal
Year commencing October 1, 2017 and ending September 30, 2018, pursuant to
Resolution CRA-R-18-0012
Budget Impact Analysis
Item has NOT an Expenditure
Item is NOT Related to Revenue
Item is NOT funded by Bonds
Total Fiscal Impact:
N/A
Southeast Overtown/Park West CRA
Southeast Overtown/Park West CRA
and Legal Sufficiency
Office of Management and Budget
City Manager's Office
Legislative Division
Office of the City Attorney
Office of the City Attorney
City Commission
Office of the Mayor
Office of the City Clerk
Office of the City Clerk
Legislative Division
Office of the City Attorney
Office of the City Attorney
Reviewed B
Completed
Christopher M Rose
Miriam Arcia
Valentin J Alvarez
Barnaby L. Min
Victoria Mendez
Maricarmen Lopez
Mayor's Office
City Clerk's Office
City Clerk's Office
Valentin J Alvarez
Valentin J Alvarez
Victoria Mendez
Miguel A Valentin
Cornelius Shiver
06/25/2018 9:56 AM
Budget Review
City Manager Review
Legislative Division Review
Deputy City Attorney Review
Approved Form and Correctness
Meeting
Signed by the Mayor
Finance Review
Approved as to Form
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Signed and Attested by the City Clerk Completed
Rendered Completed
Legislative Division Review Completed
Deputy Attorney Review Skipped
Approved Form and Correctness Completed
Completed
06/28/2018 5:36 PM
06/28/2018 5:47 PM
06/28/2018 7:11 PM
06/29/2018 8:50 AM
06/29/2018 11:39 AM
07/12/2018 9:00 AM
07/23/2018 12:33 PM
07/23/2018 1:09 PM
07/23/2018 1:10 PM
07/18/2019 4:22 PM
07/18/2019 4:21 PM
07/23/2019 8:55 AM
City of Miami
Legislation
Resolution
Enactment Number: R-18-0292
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 4352 Final Action Date:7/12/2018
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
ACCEPTING AND APPROVING THE AMENDED BUDGET OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW
CRA"), ATTACHED AND INCORPORATED AS EXHIBIT "A," IN THE AMOUNT OF
$55,963,379.00 FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2017 AND
ENDING SEPTEMBER 30, 2018, AS APPROVED BY THE SEOPW CRA'S BOARD OF
COMMISSIONERS.
WHEREAS, pursuant to Part III, Chapter 163, Florida Statutes, there was created by
action of Miami -Dade County, Florida and the City of Miami, Florida ("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 prior
approval; and
WHEREAS, on September 19, 2017, pursuant to Resolution No. R-17-0438, attached
and incorporated, the City Commission approved the SEOPW CRA's original Annual General
Operating and Tax Increment Fund Budget in the total amount of $46,290,074.00 ("Original
Budget") for the Fiscal Year commencing October 1, 2017 and ending September 30, 2018
("Fiscal Year 2017-2018"); and
WHEREAS, it is necessary to amend the Original Budget to reflect the amount of tax
increment funds actually owed in January 2018 by each taxing authority that contributes to the
SEOPW CRA's Redevelopment Trust for the Fiscal Year 2017-2018; and
WHEREAS, on March 29, 2018, pursuant to CRA Resolution No. CRA-R-18-0012,
attached and incorporated, the SEOPW CRA's Board of Commissioners approved and adopted
the Amended Tax Increment Fund and General Operating Budget in the amount of
$55,963,379.00 ("Amended Budget") for Fiscal Year 2017-2018 to reflect that tax increment
fund update; and
WHEREAS, the City Commission wishes to accept and approve the SEOPW CRA's
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
approved by reference and incorporated as if fully set forth in this Section.
Section 2. The Amended Budget of the SEOPW CRA, attached and incorporated as
Exhibit "A," for the Fiscal Year commencing October 1, 2017 and ending September 30, 2018,
as approved by the SEOPW CRA's Board of Commissioners 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:
ndez, ity ttor ey 6/29/2018
ndez, ity Attor ey 7/23/2019
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.