HomeMy WebLinkAboutBack-Up DocumentsLittle Haiti Revitalization Trust
Resolution 2024-009
Legislation
A RESOLUTION OF THE LITTLE HAITI REVITALIZATION TRUST ("TRUST"),
WITH ATTACHMENT(S), APPROVING AND ADOPTING ITS GENERAL
OPERATING BUDGET, ATTACHED AND INCORPORATED AS EXHIBIT "A," IN
THE TOTAL AMOUNT OF SIX MILLION FOUR HUNDRED FOUR THOUSAND
SIX HUNDRED ($6,404,600) FOR THE FISCAL YEAR COMMENCING
OCTOBER 1, 2024, AND ENDING SEPTEMBER 30, 2025 ("FY24-25
BUDGET"), SUBJECT TO THE CITY OF MIAMI, CITY COMMISSION'S
APPROVAL; RATIFYING, APPROVING, AND CONFIRMING CERTAIN
NECESSARY ACTIONS OF THE PRESIDENT/CEO TO UPDATE THE
RELEVANT FINANCIAL CONTROLS, CREATE THE NECESSARY FUND
ACCOUNTS, AND UNDERTAKE PROJECT CLOSE-OUTS, ACCOUNTING
ENTRIES, AND COMPUTER SYSTEMS IN CONNECTION THEREWITH, ALL
IN ACCORDANCE WITH APPLICABLE SECTIONS OF THE CODE OF THE
CITY OF MIAMI, FLORIDA, AS AMENDED; PROVIDING FOR AN EFFECTIVE
DATE.
WHEREAS, the Little Haiti Revitalization ("Trust") in cooperation with the City of Miami
("City") is responsible for the city's revitalization efforts for the revitalization of the Little Haiti
area pursuant to the Code of the City of Miami, Florida, as amended ("City Code"); and
WHEREAS, the Trust desires to adopt its general operating budget, attached and
incorporated as Exhibit "A," in the amount of six million four hundred four thousand six hundred
($6,404,600), for the fiscal year commencing October 1, 2024, and ending September 30, 2025
("FY24-25 Budget"); and
WHEREAS, as a prerequisite for the FY24-25 Budget's adoption, Section 12.5-49(b) of
the City Code provides that no expenditure shall be made in any given year without approval by
the City Commission of the Trust budget for that year; and
WHEREAS, if approved and adopted by the City Commission, it is in the best interests
of the Trust to authorize the President/CEO to make any and all necessary changes to adjust,
appropriate, and allocate the Trust's FY24-25 Budget for the purposes set forth in this
Resolution;
WHEREAS, it is also in the best interests of the Trust to ratify, approve, and confirm
certain necessary actions of the President/CEO to update the relevant financial controls, create
necessary fund accounts, and undertake project close-outs, accounting entries, and computer
systems in connection therewith, all in accordance with applicable Sections of the City Code;
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
adopted by reference and incorporated as if fully set forth in this Section.
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Section 2. The Trust's FY24-25 Budget is hereby approved and adopted, subject to the
City Commission's approval.
Section 3. The President/CEO is hereby directed to transmit a copy of the FY24-25
Budget to the City for its approval and formal adoption.
Section 4. If adopted, certain necessary actions of the President/CEO to update the
relevant financial controls, create necessary fund accounts, and undertake project close-outs,
accounting entries, and computer systems in connection therewith, all in accordance with
applicable Sections of the City Code, are hereby ratified, approved, and confirmed.
Section 5. This Resolution shall become effective upon its adoption.
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