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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #7586 Date: 06/26/2020 Commission Meeting Date: 07/23/2020 Requesting Department: Liberty City Community Revitalization Trust Sponsored By: District Impacted: District 5 Type: Resolution Subject: Approve Supplemental Budget - Liberty City Community Revitalization Trust Purpose of Item: To approve the Liberty City Trust's supplemental budget for FY2019-2020 in the amount of $985,525.00. Background of Item: The District V Commissioner provided grant funds from the District V share of API funds in the amount of $200,000 to fund the Liberty City Trust Summer Youth Program, necessitating the amendment to the Trust's Original Annual Budget. Budget Impact Analysis Item is Related to Revenue Item is NOT funded by Bonds Total Fiscal Impact: N/A Liberty City Community Revitalization Trust Review Completed Office of Management and Budget Office of Management and Budget City Manager's Office City Manager's Office Legislative Division Office of the City Attorney Office of the City Attorney City Commission Office of the Mayor Office of the City Clerk Office of the City Clerk Legislative Division Office of the City Attorney Office of the City Attorney Reviewed B 06/26/2020 2:35 PM Jacques Joseph Christopher M Rose Fernando Casamayor Arthur Noriega V Valentin J Alvarez Barnaby L. Min Victoria Mendez Nicole Ewan Mayor's Office City Clerk's Office City Clerk's Office Valentin J Alvarez Barnaby L. Min Victoria Mendez Elaine Black Budget Analyst Review Budget Review Assistant City Manager Review City Manager Review Legislative Division Review Deputy City Attorney Review Approved Form and Correctness Meeting Department Head Completed Completed Completed Completed Completed Completed Completed Completed Unsigned by the Mayor Completed Signed and Attested by the City Clerk Completed Rendered Legislative Division Review Deputy Attorney Review Approved Form and Correctness Completed Completed Completed Completed 06/27/2020 8:42 AM 06/28/2020 2:18 PM 06/29/2020 1:06 PM 06/29/2020 3:27 PM 07/02/2020 11:48 AM 07/02/2020 12:38 PM 07/06/2020 12:10 PM 07/23/2020 9:00 AM 07/31/2020 12:01 PM 07/31/2020 12:56 PM 07/31/2020 12:56 PM 08/12/2020 10:09 AM 08/12/2020 10:18 AM 08/12/2020 1:05 PM City of Miami Legislation Resolution Enactment Number: R-20-0223 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 7586 Final Action Date:7/23/2020 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENTS, APPROVING AND ADOPTING THE SUPPLEMENTAL BUDGET OF THE LIBERTY CITY COMMUNITY REVITALIZATION TRUST, ATTACHED AND INCORPORATED AS EXHIBIT "C", IN THE AMOUNT OF NINE HUNDRED EIGHTY-FIVE THOUSAND, FIVE HUNDRED TWENTY-FIVE DOLLARS ($985,525.00) FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2019 AND ENDING SEPTEMBER 30, 2020. 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. 19-0362 adopted September 12, 2019, the City Commission approved the Trust's original annual budget for the fiscal year commencing October 1, 2019 and ending September 30, 2020 ("Fiscal Year") in the amount of Seven Hundred Eighty -Five Thousand, Five Hundred Twenty -Five Dollars ($785,525.00), attached and incorporated as Exhibit "A" ("Original Annual Budget"); and WHEREAS, pursuant to Resolution No. 20-0111 adopted by the City Commission on April 9, 2020, attached and incorporated as Exhibit "B", the Trust received unanticipated revenues from the District 5 share of the City's Anti -Poverty Initiative funds in the total amount of Two Hundred Thousand Dollars ($200,000.00) to fund the Trust's Summer Youth Program ("API Grant") necessitating an amendment of the Trust's Original Annual Budget; and WHEREAS, on July 13, 2020, the governing body of the Trust reviewed and approved amending and supplementing the Trust's Original Annual Budget to include the Two Hundred Thousand Dollars ($200,000.00) API Grant for a total Fiscal Year budget of Nine Hundred Eighty -Five Thousand, Five Hundred Twenty -Five Dollars, attached and incorporated as Exhibit "C" ("Supplemental Budget"); 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 the governing body of the Trust has requested the City Commission's approval of the Trust's Supplemental 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 adopted by reference and incorporated as if fully set forth in this Section. Section 2. The Supplemental Budget of the Trust, attached and incorporated as Exhibit "C", in the amount of Nine Hundred Eighty -Five Thousand, Five Hundred Twenty -Five Dollars ($985,525.00) for the Fiscal Year is approved and adopted. Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.' APPROVED AS TO FORM AND CORRECTNESS: ndez, City Attor ey ) 7/6/2020 ndez, City Attor ey ) 8/12/2020 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.