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HomeMy WebLinkAboutR-24-0326City of Miami Resolution R-24-0326 Legislation City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 16532 Final Action Date: 9/7/2024 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ACCEPTING AND APPROVING THE ANNUAL GENERAL OPERATING AND TAX INCREMENT FUND BUDGET OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("OMNI CRA"), ATTACHED AND INCORPORATED AS EXHIBIT "A", IN THE TOTAL AMOUNT OF $73,650,407.00 FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2024, AND ENDING SEPTEMBER 30, 2025. WHEREAS, pursuant to Part III, Chapter 163, Florida Statues, there was created by action of Miami -Dade County ("County") and the City of Miami ("City") the Omni Redevelopment District Community Redevelopment Agency ("Omni CRA") within the boundary limits of the City; and WHEREAS, Article VI, Paragraph 6.1 of the Interlocal Cooperation Agreement dated March 1, 2000, between the City, the County, the Omni CRA, and the Southeast Overtown/Park West Community Redevelopment Agency, as revised and amended, requires that the Omni CRA submit its budget and related amendments, modifications, and alterations of projects to the City and the County for approval; and WHEREAS, the Omni CRA's Annual General Operating and Tax Increment Fund Budget in the total amount of $73,650,407.00 for the fiscal year commencing October 1, 2024, and ending September 30, 2025 ("Budget"), attached and incorporated as Exhibit "A", was approved by the Omni CRA's Board of Commissioners at its September 7, 2024 meeting pursuant to Resolution No. CRA-R-24-0054; and WHEREAS, the Omni CRA requests the acceptance and approval of its Budget, attached and incorporated as Exhibit "A," for the fiscal year commencing October 1, 2024, and ending September 30, 2025, in the total amount of $73,650,407.00; 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. Section 2. The Budget of the Omni CRA, attached and incorporated as Exhibit "A", for the fiscal year commencing October 1, 2024, and ending September 30, 2025, in the total amount of $73,650,407.00 is accepted and approved. City of Miami Page 1 of 2 File ID: 16532 (Revision: A) Printed On: 8/5/2025 File ID: 16532 Enactment Number: R-24-0326 Section 3. The Executive Director is authorized' and directed to transmit a copy of the FY 24-25 Budget to Miami -Dade County. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: ge Wy j ng III, C y tor -y 10/1/2024 1 The herein authorization is further subject to compliance with all legal requirements that may be imposed, including but not limited to, those prescribed by applicable City Charter and City Code provisions. 2 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. City of Miami Page 2 of 2 File ID: 16532 (Revision: A) Printed on: 8/5/2025