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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #5928 Date: 05/16/2019 Commission Meeting Date: 07/11/2019 Type: Subject: Requesting Department: Liberty City Community Revitalization Trust Sponsored By: District Impacted: District 5 Resolution Approve Budget - Liberty City Community Revitalization Trust Purpose of Item: To approve the Liberty City Trust's supplemental annual budget for FY2018-2019 in the amount of $1,132,121.00. Budget Impact Analysis Item is Related to Revenue Item is NOT funded by Bonds Item has NOT an Expenditure Total Fiscal Impact: $1,132,121.00 Reviewed B Liberty City Community Revitalization Trust Review Completed 05/20/2019 3:34 PM Office of Management and Budget Yvette Smith Office of Management and Budget Christopher M Rose City Manager's Office Fernando Casamayor City Manager's Office Legislative Division 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 Nikolas Pascual Valentin J Alvarez Barnaby L. Min Maricarmen Lopez Mayor's Office City Clerk's Office Valentin J Alvarez Barnaby L. Min Victoria Mendez City Clerk's Office Iris Hudson Budget Analyst Review Budget Review Assistant City Manager Review City Manager Review Legislative Division Review Deputy City Attorney Review Department Head Completed Completed Completed Completed Completed Completed Meeting 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) Rendered Completed 06/10/2019 2:53 PM 06/13/2019 6:01 PM 06/17/2019 2:21 PM 06/18/2019 11:02 AM 06/21/2019 1:02 PM 06/24/2019 5:46 PM 07/11/2019 9:00 AM 07/19/2019 1:48 PM 07/19/2019 1:56 PM 07/25/2019 10:29 AM 07/25/2019 10:49 AM Completed 08/02/2019 1:56 PM City of Miami Legislation Resolution Enactment Number: R-19-0284 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 5928 Final Action Date:7/11/2019 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENTS, APPROVING AND ADOPTING THE SUPPLEMENTAL BUDGET OF THE LIBERTY CITY COMMUNITY REVITALIZATION TRUST ("TRUST"), ATTACHED AND INCORPORATED AS EXHIBIT "D", IN THE AMOUNT OF ONE MILLION, ONE HUNDRED THIRTY-TWO THOUSAND, ONE HUNDRED TWENTY-ONE DOLLARS ($1,132,121.00) FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2018 AND ENDING SEPTEMBER 30, 2019 ("FISCAL YEAR 2018-2019"), SUBJECT TO FURTHER AMENDMENT OF THE TRUST'S RELATED MASTER PLAN BY SEPARATE RELATED ORDINANCE TO ALLOW FOR THE USE OF A PORTION OF SUCH FUNDS DURING FISCAL YEAR 2018-2019 FOR NEW COMMUNITY SERVICES REGARDING ASSISTANCE WITH DEVELOPMENT OF AFFORDABLE HOUSING BUILDING CRITERIA. WHEREAS, the City of Miami ("City") created and established the Liberty City Community Revitalization Trust ("Trust") pursuant to Ordinance No. 12859 adopted October 12, 2006; and WHEREAS, the Trust is responsible for the oversight and facilitation of the City's revitalization and redevelopment activities in the Liberty City area; and WHEREAS, Section 12.5-36 of the Code of the City of Miami, Florida, as amended ("City Code"), provides that the Trust shall submit a budget to the City Commission for approval, in a form acceptable to the City Manager; and WHEREAS, pursuant to Resolution No. 18-0393 adopted September 13, 2018, the City Commission approved the Trust's original annual budget for the fiscal year commencing October 1, 2018 and September 30, 2019 ("Fiscal Year") in the amount of Four Hundred Thirty - Two Thousand, One Hundred Twenty -One Dollars ($432,121.00), attached and incorporated as Exhibit "A" ("Original Annual Budget"); and WHEREAS, pursuant to Resolution No. 19-0102 adopted by the City Commission on March 14, 2019, attached and incorporated as Exhibit "B", the Trust received unanticipated revenues from the District 5's share of the City's Anti -Poverty Initiative funds in the total amount of Two Hundred Thousand Dollars ($200,000.00) for the Trust's Summer Youth Program, necessitating an amendment of the Trust's Original Annual Budget; and WHEREAS, the Trust also received unanticipated revenue from District 5 in the total amount of Five Hundred Thousand Dollars ($500,000.00) to assist in the development of housing, through Ordinance No.13758 adopted by the City Commission on March 22, 2019, attached and incorporated Exhibit "C", which also necessitates amending the Trust's Original Annual Budget and the Trust's master plan ("Master Plan") to the proposed operations, activities, and improvements of the revitalization for this new community service by the Trust; and WHEREAS, Section 12.5-36(a) of the City Code provides for the Trust to return to the City Commission for approval of supplements to the Original Annual Budget and to update the Trust's Master Plan; and WHEREAS, in order for the Trust to provide the new community service of assisting with the development of criteria for affordable housing buildings such as resiliency and environmental sustainability during the remainder of the Fiscal Year, (1) Section 12.5-36(b) of the City Code provides that no expenditure shall be made in any given year without approval by the City Commission of the Trust's budget for that year and all expenditures shall comply with City procedures for acquisition of goods and services and (2) Section 12.5-36(c) of the City Code requires an amendment of the Trust's Master Plan in connection with the supplemented and amended budget ("Supplemental Budget"); and WHEREAS, the governing body of the Trust (1) reviewed and approved the Trust's Supplemental Budget for the Fiscal Year by Resolution, attached and incorporated as Composite Exhibit "D," on May 8, 2019 and (2) approved by Resolution on July 9, 2019, attached and incorporated as Exhibit "E", to amend the Trust's Master Plan by submitting to the City Commission a related separate Ordinance amendment; 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 adopted by reference and incorporated as if fully set forth in this Section. Section 2. The Trust's Supplemental Budget in the amount of One Million, One Hundred Thirty -Two Thousand, One Hundred Twenty -One and 00/100 Dollars ($1,132,121.00), attached and incorporated as Exhibit "D," for the Fiscal Year is approved and adopted, subject to amendment of the Trust's Amended Master Plan, by separate related Ordinance amendment to allow use of a portion of such funds during the Fiscal Year for new community services regarding assistance with affordable housing building criteria. 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.