HomeMy WebLinkAboutCode Sections 62-647 and 62-6485/23/22, 10:11 AM Miami, FL Code of Ordinances
Sec. 62-647. - NRD-2 public benefits trust fund —Intent.
It is intended that the "NRD-2 Public Benefits Trust Fund" ("NRD-2 trust fund") be established in order to
collect cash contributions made according to the Wynwood Norte Neighborhood Revitalization District ("NRD-
2") as established in Ordinance No. 13114, the Zoning Ordinance of the City of Miami, Florida, as amended
("Miami 21 Code"), to support community reinvestment, including infrastructure to support local businesses
providing neighborhood -oriented goods and services; to address climate change adaptation and resiliency;
and to maintain and supplement affordable/workforce housing, public parks and open space, and civic space
or civil support space within the NRD-2 boundaries.
(Ord. No. 13984, § 2, 3-25-21)
Sec. 62-648. - Same —Established.
(a) The NRD-2 trust fund is hereby established into which funds shall be deposited pursuant to this
article.
(b) Upon receipt of funds for any project within the NRD-2 boundaries pursuant to the Miami 21 Code,
the city's department of finance shall deposit such funds into the NRD-2 trust fund.
(c) There is hereby established an NRD-2 trust fund committee ("committee") which shall meet, at a
minimum, on an annual basis each fiscal year commencing in the fiscal year following the adoption
of the NRD-2 trust fund for the primary purpose of recommending allocations of funds received
into the NRD-2 trust fund for qualifying reinvestment consistent with the intent set forth in section
62-647 and the criteria contained herein to the city commission for formal approval by resolution.
(1) The committee shall include seven members, each serving one year terms.
a. One member shall be directly appointed by the district commissioner without further action
of the city commission;
b. One member shall be directly appointed by the city mayor without further action of the city
commission;
c. One member shall be appointed by the city commission;
d. One member shall be appointed by the Miami -Dade County Public Schools without further
action of the city commission;
e. One member shall be appointed by the Miami -Dade County Department of Public Housing
and Community Development, or its successor agency, without further action by the city
commission; and
f. Two members shall be appointed by the Wynwood Community Enhancement Association
and submitted to the city commission for confirmation.
(2) Each member shall meet at least one of the following criteria to qualify to serve on the
committee:
a. A permanent resident within the NRD-2 boundaries;
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b. A property owner of record within the NRD-2 boundaries; or
c. An employee or representative of a business or non-profit community -based organization
located within the NRD-2 boundaries authorized to serve on its behalf.
(3) Committee meetings shall be staffed and attended by the city manager or designee.
(d) Expenditure of funds and any actions in furtherance of the expenditure shall be consistent with
this article, the NRD-2 standards incorporated in the corresponding appendix to the Miami 21
Code, and all applicable criteria and guidelines adopted from time to time; shall comply with city
procedures and laws for the acquisition of goods and services; and shall be approved within the
annual budget by the city commission.
(e) A minimum of 35 percent of funds in the NRD-2 trust fund shall be allocated towards existing and
new housing on an annual basis and shall be expended pursuant to guidelines and procedures
established by the city commission.
(f) The NRD-2 trust fund shall be established for a period of ten years and shall be reviewed by the
city commission upon expiration of the ten years and every three years thereafter to determine
whether the purposes of the NRD-2 trust fund have been satisfied and upon such finding, the NRD-
2 trust fund shall sunset and any funds to be collected and allocated pursuant to this article and
according to the Miami 21 Code shall revert to the public benefits trust fund established in section
62-641 of the City Code.
(Ord. No. 13984, § 2, 3-25-21)
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