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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #9543 Date: 08/24/2021 Commission Meeting Date: 09/13/2021 Type: Subject: Requesting Department: Southeast Overtown/Park West CRA Sponsored By: District Impacted: Resolution Approve Annual Budget FY '22 - Southeast Overtown/Park West CRA 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, 2021 ending September 30, 2022. Background of Item: N/A Budget Impact Analysis Item has NOT an Expenditure Item is NOT Related to Revenue Item is NOT funded by Bonds Total Fiscal Impact: $ 86,063,253.00 Southeast Overtown/Park West CRA Review Completed Office of Management and Budget Office of Management and Budget City Manager's Office Legislative Division City Manager's Office 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 Attorney Office of the City Clerk Reviewed B 08/27/2021 11:49 AM Donovan Dawson Leon P Michel Natasha Colebrook -Williams Valentin J Alvarez Arthur Noriega V Xavier Alban Valentin J Alvarez Nicole Ewan Mayor's Office City Clerk's Office Victoria Mendez City Clerk's Office Miguel A Valentin Department Head Budget Analyst Review Completed Budget Review Completed Assistant City Manager Review Completed Legislative Division Review Completed City Manager Review Completed ACA Review Completed Deputy Attorney Review Skipped Meeting Completed Signed by the Mayor Completed Signed and Attested by the City Clerk Completed Approved Form and Correctness Completed Rendered Completed 08/27/2021 12:44 PM 08/27/2021 4:07 PM 08/27/2021 4:22 PM 08/30/2021 1:21 PM 09/01/2021 1:15 PM 09/01/2021 2:20 PM 09/01/2021 2:28 PM 09/13/2021 5:05 PM 09/23/2021 3:41 PM 09/23/2021 3:57 PM 10/14/2021 6:05 PM 10/14/2021 8:45 PM City of Miami Legislation Resolution Enactment Number: R-21-0360 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 9543 Final Action Date:9/13/2021 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ACCEPTING AND APPROVING THE ANNUAL BUDGET OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW CRA"), ATTACHED AND INCORPORATED AS EXHIBIT "A," IN THE TOTAL AMOUNT OF $86,063,253.00, FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2021 AND ENDING SEPTEMBER 30, 2022. WHEREAS, pursuant to Part III, Chapter 163, Florida Statutes, the Southeast Overtown/Park West Community Redevelopment Agency ("SEOPW CRA") was created within the boundary 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, the Board of Commissioners of the SEOPW CRA approved the SEOPW CRA's General Operating and Tax Increment Fund Budget ("Budget"), attached and incorporated as Exhibit "A," on September 13, 2021, for the Fiscal Year commencing October 1, 2021 and ending September 30, 2022 in the total amount of $86,063,253.00; and WHEREAS, all the expenses included in the Budget are in accordance with state law, the Interlocal Agreements, and the Redevelopment Plan; and WHEREAS, the Budget contemplates a five percent (5%) increase of the Executive Director's salary, which adjustment does not increase the total "Regular Salaries" budgeted amount authorized for the previous year; and WHEREAS, the SEOPW CRA requests the acceptance and approval of the SEOPW CRA's Budget by the City Commission in the total amount of $86,063,253.00, attached and incorporated as Exhibit "A," for the Fiscal Year commencing October 1, 2021 and ending September 30, 2022; 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. Section 2. The SEOPW CRA's Budget in the total amount of $86,063,253.00, attached and incorporated as Exhibit "A," for the Fiscal Year commencing October 1, 2021 and ending September 30, 2022 is accepted 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 10/14/2021 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.