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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #6329 Date: 08/08/2019 Commission Meeting Date: 09/12/2019 Requesting Department: OMNI Community Redevelopment Agency Sponsored By: District Impacted: Type: Resolution Subject: Approve Annual Budget FY '20 - Omni Community Redevelopment Agency Purpose of Item: OMNI CRA's 2019-2020 Proposed General Operating and Tax Increment Fund Budget Approval. Background of Item: It is recommended that the Miami City Commission approve the attached resolution of the Omni Redevelopment District Community Redevelopment Agency ("CRA"), with attachment(s), adopting the amended Omni CRA's General Operating Budget and Tax Increment Fund Budget, for the fiscal year commencing October 1, 2019, and ending September 30, 2020. Budget Impact Analysis Item is NOT Related to Revenue Total Fiscal Impact: N/A Reviewed B OMNI Community Redevelopment Agency Review Completed 08/08/2019 1:55 PM Office of Management and Budget Denise Lee 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 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 Sandra Bridgeman 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 Isiaa Jones 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 Signed by the Mayor Department Head Skipped Completed Completed Skipped Completed Completed Completed Completed Completed 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 08/12/2019 11:16 AM 08/13/2019 3:56 PM 08/22/2019 6:47 AM 08/22/2019 2:50 PM 08/22/2019 11:47 PM 08/23/2019 11:48 AM 08/26/2019 2:17 PM 08/26/2019 2:20 PM 09/12/2019 5:05 PM 09/16/2019 4:37 PM 09/16/2019 4:44 PM 09/20/2019 2:19 PM 09/20/2019 2:37 PM Completed 09/23/2019 12:03 PM City of Miami Legislation Resolution Enactment Number: R-19-0363 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 6329 Final Action Date:9/12/2019 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ACCEPTING AND APPROVING THE ANNUAL GENERAL OPERATING AND TAX INCREMENT FUND BUDGET OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("OMNI CRA"), ATTACHED AND INCORPORATED AS COMPOSITE EXHIBIT "A," IN THE TOTAL AMOUNT OF $54,045,391.00 FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2019 AND ENDING SEPTEMBER 30, 2020, SUBJECT TO APPROVAL BY THE OMNI CRA'S BOARD OF COMMISSIONERS. WHEREAS, pursuant to Part III, Chapter 163, Florida Statues, there was created by action of Miami -Dade County ("County") and the City of Miami ("City") the Omni Redevelopment District Community Redevelopment Agency ("Omni CRA") within the limits of the City; and WHEREAS, Article VI, Paragraph 6.1 of the Interlocal Cooperation Agreement dated March 1, 2000 between the City, the County, the Omni CRA, and the Southeast Overtown/Park West Community Redevelopment Agency, as revised and amended, requires that the Omni CRA submit its budget and related amendments, modifications, and alterations of projects to the City and the County for approval; and WHEREAS, the Omni CRA's Annual General Operating and Tax Increment Fund Budget in the total amount of $54,045,391.00 for the fiscal year commencing October 1, 2019 and ending September 30, 2020 ("Budget") is scheduled for consideration by the Omni CRA's Board of Commissioners at its September 26, 2019 meeting; and WHEREAS, the Omni CRA requests the acceptance and approval of its Budget, attached and incorporated as Composite Exhibit "A," for the fiscal year commencing October 1, 2019 and ending September 30, 2020 in the amount of $54,045,391.00, subject to approval by the Omni CRA Board of Commissioners; 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 Budget of the Omni CRA, attached and incorporated as Composite Exhibit "A," for the fiscal year commencing October 1, 2019 and ending September 30, 2020, in the total amount of $54,045,391.00 is accepted and approved, subject to approval by the Omni CRA Board of Commissioners. 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.