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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #12401 Date: 08/02/2022 Commission Meeting Date: 09/22/2022 Requesting Department: Little Haiti Revitalization Trust Sponsored By: District Impacted: District 5 Type: Resolution Subject: Approve Annual Budget FY '23 - Little Haiti Revitalization Trust Purpose of Item: APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE LITTLE HAITI REVITALIZATION TRUST ("TRUST"), ATTACHED AND INCORPORATED AS EXHIBIT "A", IN THE TOTAL AMOUNT OF $6,299,000.00 FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2022 AND ENDING SEPTEMBER 30, 2023; FURTHER APPROVING AND ADOPTING THE TRUST'S MASTER PLAN, ATTACHED AND INCORPORATED AS EXHIBIT "B". Background of Item: The City of Miami ("City") created and established the Little Haiti Revitalization Trust ("Trust") pursuant to Ordinance No. 13834 adopted April 25, 2019. The Trust is responsible for the oversight and facilitation of the City's revitalization and redevelopment activities in the Little Haiti area ("area"), promoting economic development, business and commerce in the area, and facilitating the development of affordable housing, engage in homebuyer assistance programs and market the area to encourage former residents and others to locate to the area. Section 12.5-49 of the Code of the City of Miami, Florida, as amended, provides that the Trust shall submit a budget to the City Commission for approval in a form acceptable to the City Manager ("Budget") and also submit an annual master plan ("Plan"). The Trust requests the approval of the Trust's Budget in the total amount of $6,299,000.00 for the Fiscal Year commencing October 1, 2022 and ending September 30, 2023, attached and incorporated as Exhibit "A", and the Plan, attached and incorporated as Exhibit "B". Budget Impact Analysis Item is NOT Related to Revenue Item is funded by Bonds Item is an Expenditure Total Fiscal Impact: $ 6,299,000.00 Special Revenue Account No: Department of Community Review Completed Office of Management and Office of Management and 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 Legislative Division Office of the City Attorney Office of the City Attorney Office of the City Clerk 10491.900000.466000.0.0 Reviewed By and Economic Development 08/03/2022 8:29 AM Budget Calvin Fifer Budget Marie Gouin Nzeribe Ihekwaba Arthur Noriega V Valentin J Alvarez Xavier Alban Nicole Ewan Nicole Ewan Mayor's Office City Clerk's Office Valentin J Alvarez Xavier Alban Victoria Mendez City Clerk's Office George Mensah Budget Analyst Review Budget Review Assistant City Manager Review City Manager Review Legislative Division Review ACA Review Approved Form and Correctness Meeting Department Head Completed Completed Completed Completed Completed Completed Skipped Completed Signed by the Mayor Completed Signed and Attested by the City Clerk Completed Legislative Division Review Completed ACA Review Approved Form and Correctness Rendered Completed Completed Completed 08/03/2022 10:36 AM 08/05/2022 2:09 PM 08/08/2022 4:37 PM 08/22/2022 10:38 AM 08/22/2022 12:22 PM 09/07/2022 6:46 PM 09/22/2022 5:20 PM 09/22/2022 5:05 PM 09/23/2022 2:20 PM 09/23/2022 2:25 PM 09/26/2022 12:22 PM 10/03/2022 5:42 PM 10/03/2022 6:01 PM 12/07/2022 2:31 PM City of Miami Legislation Resolution Enactment Number: R-22-0375 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 12401 Final Action Date:9/22/2022 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE LITTLE HAITI REVITALIZATION TRUST ("TRUST"), ATTACHED AND INCORPORATED AS EXHIBIT "A," IN THE TOTAL AMOUNT OF $6,299,000.00 FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2022, AND ENDING SEPTEMBER 30, 2023; FURTHER APPROVING AND ADOPTING THE TRUST'S ANNUAL MASTER PLAN, ATTACHED AND INCORPORATED AS EXHIBIT "B." WHEREAS, the City of Miami ("City") created and established the Little Haiti Revitalization Trust ("Trust") pursuant to Ordinance No. 13834, adopted April 25, 2019; and WHEREAS, the Trust is responsible for the oversight and facilitation of the City's revitalization and redevelopment activities in the Little Haiti area ("Area"); promoting economic development, business, and commerce in the Area; developing and executing a plan to create jobs, attract industry and facilitate the production of goods and services in the Area for residents and non-residents; and facilitating the development of affordable housing, engaging in homebuyer assistance programs, and marketing the Area to encourage former residents and others to locate to the Area; and WHEREAS, Section 12.5-49 of the Code of the City of Miami, Florida, as amended, provides that the Trust shall submit an annual budget ("Budget") and an annual master plan ("Plan") to the City Commission for approval; and WHEREAS, the governing body of the Trust reviewed and approved the Trust's budget in the amount of $6,299,000.00 for Fiscal Year 2022-2023 on September 20, 2022; and WHEREAS, the Trust requests the approval of the Trust's Budget in the total amount of $6,299,000.00 for the Fiscal Year commencing October 1, 2022, and ending September 30, 2023, attached and incorporated as Exhibit "A," and the Plan, attached and incorporated as Exhibit "B"; 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 incorporated as if fully set forth in this Section. Section 2. The Trust's Budget in the total amount of $6,299,000.00 for the Fiscal Year commencing October 1, 2022, and ending September 30, 2023, attached and incorporated as Exhibit "A," and the Plan, attached and incorporated as Exhibit "B," are approved and adopted. Section 3. This Resolution shall be 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.