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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #6325 Date: 08/08/2019 Commission Meeting Date: 09/26/2019 Requesting Department: Southeast Overtown/Park West CRA Sponsored By: District Impacted: Type: Resolution Subject: Approve Annual Budget FY '20 - Southeast Overtown/Park West 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, 2019 ending September 30, 2020. Background of Item: N/A Budget Impact Analysis Item is NOT Related to Revenue Item is NOT funded by Bonds Item has NOT an Expenditure Total Fiscal Impact: $66,273,241.00 Reviewed B Southeast Overtown/Park West CRA Review Completed 08/19/2019 8:38 AM Southeast Overtown/Park West CRA Office of Management and Budget Luis Hernandez -Torres Office of Management and Budget Christopher M Rose City Manager's Office Sandra Bridgeman City Manager's Office Legislative Division Office of the City Attorney City Commission 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 Nicole Ewan Maricarmen Lopez Mayor's Office City Clerk's Office Valentin J Alvarez Barnaby L. Min Victoria Mendez City Clerk's Office Miguel A Valentin Miguel A Valentin Budget Analyst Review Budget Review Assistant City Manager Review City Manager Review Legislative Division Review Deputy Attorney Review Meeting Meeting Signed by the Mayor Department Head Finance Review Completed Completed 08/21/2019 3:06 PM Completed 08/22/2019 6:38 AM Completed 08/22/2019 11:50 PM Completed 08/23/2019 11:48 AM Completed 08/26/2019 2:18 PM Completed 08/26/2019 2:31 PM Completed 09/12/2019 5:05 PM Completed 09/26/2019 5:05 PM Completed 09/27/2019 7:17 PM 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 09/27/2019 7:21 PM 10/01/2019 9:31 PM 10/02/2019 6:35 AM Completed 10/08/2019 7:28 AM City of Miami Legislation Resolution Enactment Number: R-19-0373 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 6325 Final Action Date:9/26/2019 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ACCEPTING AND ADOPTING THE ANNUAL GENERAL OPERATING AND TAX INCREMENT FUND BUDGET OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW CRA"), ATTACHED AND INCORPORATED AS COMPOSITE EXHIBIT "A", IN THE AMOUNT OF $66,273,241.00, FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2019 AND ENDING SEPTEMBER 30, 2020, SUBJECT TO FINAL APPROVAL BY THE SEOPW CRA'S BOARD OF COMMISSIONERS. WHEREAS, pursuant to Part III, Chapter 163, Florida Statutes, the Southeast Overtown/Park West Community Redevelopment Agency ("SEOPW CRA") was created within the limits of the City of Miami ("City") by action of Miami -Dade County ("County") and the City; and WHEREAS, Article VI, paragraph 6.1(b) of the Interlocal Cooperation Agreement dated March 1, 2000 between the City, the County, 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 Commission and to the Board of County Commissioners; and WHEREAS, subject to the final approval by the SEOPW CRA Board of Commissioners of SEOPW CRA's General Operating and Tax Increment Fund Budget ("Budget"), the SEOPW CRA requests the acceptance and approval of the Budget by the City Commission for the Fiscal Year commencing October 1, 2019 and ending September 30, 2020 in the amount of $66,273,241.00, as attached and incorporated as Composite Exhibit "A"; 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. Subject to final approval by the SEOPW CRA Board of Commissioners, the SEOPW CRA's Fiscal Year 2019-2020 Budget in the amount of $66,273,241.00, attached and incorporated as Composite Exhibit "A", for the Fiscal Year commencing October 1, 2019 and ending September 30, 2020 is accepted and adopted by the City Commission. Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.' 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. APPROVED AS TO FORM AND CORRECTNESS: