HomeMy WebLinkAboutMCRA-R-23-0001 MemorandumMidtown Board of Commissioners Meeting
September 9, 2023
MIDTOWN COMMUNITY REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
Board Vice Chair Joe Carollo
14464
and Members of the CRA Board
f �
From:Anthony Balzebre III
Executive Director
Date: September 11, 2023
Subject: Midtown CRA's Proposed Budget for
FY '23-'24
Enclosures: 14464 Exhibit A
BACKGROUND:
It is recommended that the Board of Commissioners of the Midtown Community
Redevelopment Agency approve the attached Resolution adopting the proposed
Midtown CRA Tax Increment Fund Budget for the Fiscal Year commencing October 1,
2023 and ending September 30, 2024, and directing the Executive Director to transmit
copies of the Budget to the City of Miami and Miami -Dade County.
JUSTIFICATION:
The Midtown CRA is required to annually prepare a proposed budget and transmit the
budget to the City of Miami and Miami -Dade County. This resolution fulfills that
requirement.
City of Miami
Legislation
Midtown CRA Resolution
MCRA-R-23-0001
Midtown CRA
1401 N. Miami Avenue
Miami, FL 33136
www.miamicra.com
File Number: 14464 Final Action Date: 9/9/2023
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE MIDTOWN
COMMUNITY REDEVELOPMENT AGENCY ("CRA"), WITH ATTACHMENT(S),
ACCEPTING AND APPROVING 2024 PROPOSED BUDGET OF THE MIDTOWN
COMMUNITY REDEVELOPMENT AGENCY, ATTACHED AND INCORPORATED AS
EXHIBIT "A", IN THE AMOUNT OF $13,436,326 FOR THE FISCAL YEAR
COMMENCING OCTOBER 1, 2023 AND ENDING SEPTEMBER 30, 2024
RESPECTIVELY; DIRECTING THE EXECUTIVE DIRECTOR TO TRANSMIT A COPY
OF EACH BUDGET TO THE CITY OF MIAMI AND MIAMI-DADE COUNTY.
WHEREAS, the Midtown Community Redevelopment Agency ("CRA") is responsible for
carrying out community redevelopment activities and projects within its Redevelopment Area;
and
WHEREAS, as a prerequisite to carrying out the redevelopment activities for Fiscal Year
2023-2024, the Board of Commissioners of the CRA must approve the proposed Tax Increment
budget for the fiscal year commencing October 1, 2023 ending September 30, 2024.
WHEREAS, pursuant to an Interlocal Agreement, as amended, which the CRA is a party
to, a copy of each budget is to be transmitted to the City of Miami and Miami -Dade County;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF
THE MIDTOWN COMMUNITY REDEVELOPMENT AGENCY:
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 Board of Commissioners of CRA hereby approves and adopts the 2024
proposed budget for the fiscal year commencing October 1, 2023 ending September 30, 2024
respectively as well as approves the executive director's base salary and effective date on
October 1, 2023.
Section 3. The Executive Director is directed to transmit a copy of each 2024 proposed
budget to the City of Miami and Miami -Dade County.
Section 4. This Resolution shall become effective immediately upon its adoption
APPROVED AS TO FORM AND CORRECTNESS:
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VICTORIA MENDEZ, GENERAL COUNSEL