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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #14519 Date: 08/24/2023 Commission Meeting Date: 09/28/2023 Type: Subject: Requesting Department: Southeast Overtown/Park West CRA Sponsored By: District Impacted: All Resolution Approve Annual Budget FY'24 - 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 2024's proposed budget of the CRA for the fiscal year commencing October 1, 2023 ending September 30, 2024. Background of Item: N/A Budget Impact Analysis Item is NOT Related to Revenue Item is NOT funded by Bonds Total Fiscal Impact: Total Fiscal Impact: $ 106,689,040 Reviewed B Southeast Overtown/Park West CRA Southeast Overtown/Park West CRA Review Completed 08/30/2023 8:15 AM 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 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 Donovan Dawson Marie Gouin Natasha Colebrook -Williams Arthur Noriega V Valentin J Alvarez Xavier Alban Maricarmen Lopez Mayor's Office City Clerk's Office Valentin J Alvarez Xavier Alban Victoria Mendez City Clerk's Office Miguel A Valentin Finance Review James McQueen Department Head Budget Review Analyst Budget Review Assistant City Manager Review City Manager Review Legislative Division Review ACA Review Meeting Signed by the Mayor Completed Completed Completed Completed Completed Completed Completed Completed Signed and Attested by the City Clerk Completed Legislative Division Review Completed ACA Review Completed Approved Form and Correctness with Modification(s) Rendered Completed Completed 08/30/2023 4:24 PM 08/30/2023 4:37 PM 09/06/2023 1:49 PM 09/12/2023 11:45 AM 09/19/2023 11:03 AM 09/19/2023 11:32 AM 09/28/2023 5:05 PM 09/29/2023 4:58 PM 09/29/2023 5:05 PM 10/02/2023 1:45 PM 10/06/2023 1:54 PM Completed 10/10/2023 2:13 PM City of Miami Legislation Resolution Enactment Number: R-23-0445 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 14519 Final Action Date:9/28/2023 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ACCEPTING AND APPROVING THE 2024 ANNUAL BUDGET OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW CRA"), ATTACHED AND INCORPORATED AS EXHIBIT "A", IN THE TOTAL AMOUNT OF $106,689,040.00 FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2023, AND ENDING SEPTEMBER 30, 2024. 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 adopted Resolution No. CRA-R-23-0043 on September 28, 2023, approving the SEOPW CRA's General Operating and Tax Increment Fund Budget ("Budget"), attached and incorporated as Exhibit "A," for the Fiscal Year commencing October 1, 2023, and ending September 30, 2024, in the total amount of $106,689,040.00; 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 $106,689,040.00, attached and incorporated as Exhibit "A," for the Fiscal Year commencing October 1, 2023, and ending September 30, 2024; 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 $106,689,040.00, attached and incorporated as Exhibit "A," for the Fiscal Year commencing October 1, 2023, and ending September 30, 2024, is accepted and adopted. Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor. 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. APPROVED AS TO FORM AND CORRECTNESS: