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HomeMy WebLinkAboutLegislation-SUBTHIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. 1 11 • .ra. 0 R X City of Miami Legislation Resolution: 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 pri6P approval; and WHEREAS, on September 19, 2017, pursuant to Resolution No. R-17-0438, a€tach and incorporated, the City Commission approved the SEOPW CRA's original Annual neral) Operating and Tax Increment Fund Budget in the total amount of $46,290,074.00 (' 1gjnal:=, Budget") for the Fiscal Year commencing October 1, 2017 and ending September 30;,E ..018- ("Fiscal Year 2017-2018"); and - rn WHEREAS, it is necessary to amend the Original Budget to reflect the amount of tad' 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. City of Miami Page 1 of 2 File ID: 4352 (Revision: A) Printed On: 7/23/2019 j 11 4352 - Legislation -SUB THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. File ID: 4352 Enactment Number: R-18-0292 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, City ttor 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. City of Miami Page 2 of 2 File ID: 4352 (Revision: A) Printed on: 7/23/2019 City of Miami Legislation Resolution SUBSTITUTED City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 4352 Final Action D. e: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S) ACCEPTING AND APPROVING THE AMENDED BUDGET OF THE SOUTHE OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("S CRA"), ATTACHED AND INCORPORATED AS EXHIBIT "A", IN THE AMO $55,963.379.00 FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 0 ENDING SEPTEMBER 30, 2018, AS APPROVED BY THE SEOPW C'S COMMISSIONERS. T PW NT OF 17 AND BOARD OF WHEREAS, pursuant to Part III, Chapter 163, Florida Statutes, ere was created by action of Miami -Dade County, Florida and the City of Miami, Florida (" ity") the Southeast Overtown/Park West Community Redevelopment Agency ("SEOP CRA") within the limits of the City; and WHEREAS, Article VI, Section 6.1 of the Interlocal Co.peration Agreement dated March 1, 2000 between the City, the SEOPW CRA, and the Omni ' edevelopment District Community Redevelopment Agency, as revised and amended, requir- that the SEOPW CRA submit i budget and related amendments, modifications, and alt- ations of projects to the City for pr.& approval; and c.... WHEREAS, on September 19, 2017, pur pant to Resolution No. R-17-0438, attache and incorporated, the City Commission approv_. the SEOPW CRA's original Annual 6eheral Operating and Tax Increment Fund Budget i e total amount of $46,290,074.00 ("O4raal Budget") for the Fiscal Year commencing 0 ober 1, 2017 and ending September 30, 2s1-8 a ("Fiscal Year 2017-2018"); and WHEREAS, it is necessary to mend the Original Budget to reflect the amount of tax increment funds actually owed in J. uary 2018 by each taxing authority that contributes to the SEOPW CRA's Redevelopment ust for the Fiscal Year 2017-2018; and WHEREAS, on Marc 9, 2018, pursuant to CRA Resolution No. CRA-R-18-0012, attached and incorporated, e SEOPW CRA's Board of Commissioners approved and adopted the Amended Tax Incre ' nt Fund and General Operating Budget in the amount of $55,963.379.00 ("Ame ed Budget") for Fiscal Year 2017-2018 to reflect that tax increment fund update; and WHERE Amended Bud t; the City Commission wishes to accept and approve the SEOPW CRA's NO THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, F •RIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are p oved 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. SUBSTITUTED 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.