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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #14072 Date: 05/26/2023 Commission Meeting Date: 05/25/2023 Type: Resolution Subject: Interlocal Agreement OMNI CRA Budget Impact Analysis Item has NOT an Expenditure Total Fiscal Impact: Office of the City Attorney Victoria Mendez City Commission Maricarmen Lopez Legislative Division Valentin J Alvarez Office of the City Attorney Domini J. Gibbs Office of Management and Budget Marie Gouin Office of the City Attorney Victoria Mendez Office of the City Clerk City Clerk's Office Requesting Department: Office of the City Clerk Sponsored By: Alex Diaz de la Portilla District Impacted: All Reviewed B Attorney Review Meeting Legislative Division Review ACA Review Budget Review Approved Form and Correctness Rendered Completed Completed Completed Completed Completed Completed Completed 06/14/2023 12:11 PM 05/25/2023 9:00 AM 06/07/2023 10:19 AM 06/08/2023 12:33 PM 06/09/2023 2:29 PM 06/14/2023 12:15 PM 06/15/2023 5:00 PM City of Miami Legislation Resolution Enactment Number: R-23-0252 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 14072 Final Action Date:5/25/2023 A RESOLUTION OF THE CITY COMMISSION SUPPORTING THE MAY 25, 2023 DECISION OF THE BOARD OF COMMISSIONERS OF THE OMNI COMMUNITY REDEVELOPMENT AGENCY ("OMNI CRA") TO NEGOTIATE AND EXECUTE THE SECOND AMENDMENT TO THE 1996 INTERLOCAL COOPERATION AGREEMENT ("2023 AMENDED ILA") BETWEEN MIAMI-DADE COUNTY, THE CITY OF MIAMI ("CITY"), AND OMNI CRA, TO PROVIDE FOR A REDUCTION IN TAX INCREMENT FINANCE FUNDING, INCREASING THE AMOUNT OF AFFORDABLE HOUSING IN THE OMNI CRA AREA, NOT REQUIRING A COUNTY COMMISSIONER TO SIT ON THE BOARD OF THE OMNI CRA, AMONG OTHER THINGS, REGARDING THE EXTENSION OF LIFE OF THE OMNI CRA TO 2047 AND THE EXPANSION OF BOUNDARIES OF THE OMNI CRA TO INCLUDE AREAS WITHIN THE CITY KNOWN AS ALLAPATTAH AND WATSON ISLAND, SUBJECT TO THE REQUIREMENTS OF CHAPTER 163 FLORIDA STATUTES; PROVIDING FOR AN EFFECTIVE DATE. BE IT RESOLEVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The City Commission hereby supports the May 25, 2023 decision of the Board of Commissioners of the OMNI Community Redevelopment Agency ("OMNI CRA") to negotiate and execute the second amendment to the 1996 Interlocal Cooperation Agreement ("2023 Amended ILA") between Miami -Dade County, the City of Miami ("City"), and OMNI CRA, to provide for a reduction in tax increment finance funding, increasing the amount of affordable housing in the OMNI CRA area, not requiring a County Commissioner to sit on the Board of the OMNI CRA, among other things, regarding the extension of life of the OMNI CRA to 2047 and the expansion of boundaries of the OMNI CRA to include areas within the City known as Allapattah and Watson Island, subject to the requirements of Chapter 163, Florida Statutes. Section 2. This Resolution shall become effective immediately upon adoption. APPROVED AS TO FORM AND CORRECTNESS: ndez, ity ttor ey 6/14/2023