HomeMy WebLinkAboutR-18-0292City of Miami
Resolution R-18-0292
Legislation
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.
City of Miami Page 1 of 2 File ID: 4352 (Revision: A) Printed On: 4/1/2025
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:
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: 4/1/2025