HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #16520
Date: 08/13/2024
Commission Meeting Date: 09/26/2024
Requesting Department: Southeast
Overtown/Park West CRA
Sponsored By:
District Impacted: District 5
Type: Resolution
Subject: Approve Annual Budget FY '25 - Southeast Overtown/Park West
Purpose of Item:
The SEOPW CRA, with attachment(s), approving and adopting the proposed general
operating and tax increment fund ("TIF") budget of the SEOPW CRA, attached and
incorporated as Exhibit "A", and the de -allocation of funds, attached and incorporated as
Exhibit "B".
Budget Impact Analysis
Total Fiscal Impact:
N/A
Reviewed B
Southeast Overtown/Park West CRA
Southeast Overtown/Park West CRA
Review Completed 08/27/2024 1:47 PM
Office of Management and Budget
Office of Management and Budget
City Manager's Office
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
Office of the City Clerk
Donovan Dawson
Marie Gouin
Larry M. Spring
Natasha Colebrook -Williams
Arthur Noriega V
Valentin J Alvarez
Xavier Alban
George K. Wysong III
Maricarmen Lopez
Mayor's Office
City Clerk's Office
City Clerk's Office
Miguel A Valentin Finance Review
James McQueen Department Head
Budget Analyst Review
Budget Review
Assistance City Manager
Deputy City Manager Review
City Manager Review
Legislative Division Review
ACA Review
Approved Form and Correctness
Meeting
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Signed by the Mayor Completed
Signed and Attested by the City Clerk Completed
Rendered Completed
Completed
08/30/2024 1:42 PM
08/30/2024 2:50 PM
09/09/2024 4:50 PM
09/10/2024 11:31 AM
09/11/2024 1:55 PM
09/16/2024 10:07 AM
09/17/2024 11:49 AM
09/17/2024 1:17 PM
09/26/2024 5:05 PM
09/27/2024 11:04 AM
09/27/2024 11:06 AM
09/27/2024 11:06 AM
City of Miami
Legislation
Resolution
Enactment Number: R-24-0387
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 16520 Final Action Date:9/26/2024
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
ACCEPTING AND APPROVING THE 2025 ANNUAL BUDGET OF THE SOUTHEAST
OVERTOWN PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW
CRA"), ATTACHED AND INCORPORATED AS EXHIBIT "A," IN THE TOTAL AMOUNT
OF $100,466,278.00, FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2024,
AND ENDING SEPTEMBER 30, 2025.
WHEREAS, the SEOPW Community Redevelopment Agency ("SEOPW CRA") is
responsible for carrying out community redevelopment activities and projects within its
Redevelopment Area; and
WHEREAS, pursuant to Interlocal Agreements, as a prerequisite to carrying out Fiscal
Year 2024-2025 redevelopment activities, the Board of Commissioners must approve the CRA's
proposed General Operating Budget and Tax Increment Fund Budget ("Budget") for the Fiscal
Year commencing October 1, 2024, and ending September 30, 2025 ("Fiscal Year"); and
WHEREAS, the Board of Commissioners of the SEOPW CRA adopted Resolution No.
CRA-R-24-0055 on September 7, 2024, 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, 2024, and ending September 30, 2025, in the total amount of
$100,466,278.00; and
WHEREAS, pursuant to Interlocal Agreements, a copy of the Budget is required to be
transmitted to the City of Miami ("City") and Miami -Dade County ("County"); 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 $100,466,278.00, attached and
incorporated as Exhibit "A", for the Fiscal Year commencing October 1, 2024, and ending
September 30, 2025;
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 herein as if fully set forth in this Section.
Section 2. The SEOPW CRA's Budget in the total amount of $100,466,278.00, attached
and incorporated as Exhibit "A", for the Fiscal Year commencing October 1, 2024, and ending
September 30, 2025, is accepted and adopted.
Section 3. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.'
APPROVED AS TO FORM AND CORRECTNESS:
ge Wy i ng III, C y tor -y 9/17/2024
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.