HomeMy WebLinkAboutMCRA-R-24-0001Midtown
Community Redevelopment Agency
Legislation
MCRA Resolution: MCRA-R-24-0001
Midtown CRA
1401 N. Miami Avenue
Miami, FL 33136
www.miamicra.com
File Number: 16531 Final Action Date: 9/26/2024
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE MIDTOWN
COMMUNITY REDEVELOPMENT AGENCY ("CRA"), WITH ATTACHMENT(S),
ACCEPTING AND APPROVING THE 2025 PROPOSED BUDGET OF THE
MIDTOWN COMMUNITY REDEVELOPMENT AGENCY, ATTACHED AND
INCORPORATED AS EXHIBIT "A", IN THE AMOUNT OF $18,838,550.00 FOR
THE FISCAL YEAR COMMENCING OCTOBER 1, 2024 AND ENDING
SEPTEMBER 30, 2025; DIRECTING THE TRANSMITTAL OF A COPY OF THIS
RESOLUTION TO THE CITY OF MIAMI AND MIAMI-DADE COUNTY AND
PROVIDING FOR AN EFFECTIVE DATE.
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
2024-2025, the Board of Commissioners of the CRA must approve the proposed Tax Increment
budget ("Budget") for the fiscal year commencing October 1, 2024 ending September 30, 2025
("Fiscal Year"); and
WHEREAS, the Budget is in the total amount of eighteen million, eight hundred thirty-
eight thousand, five hundred fifty dollars and zero cents ($18,838,550.00) for the Fiscal Year;
and
WHEREAS, pursuant to the 2005 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 Budget for the Fiscal Year commencing October 1, 2024, and ending
September 30, 2025, attached and incorporated herein as Exhibit "A", is approved and adopted.
Section 3. A copy of this Resolution shall be transmitted to the City of Miami and Miami -
Dade County.
Section 4. This Resolution shall become effective immediately upon its adoption.
City of Miami Page 1 of 2 File ID: 16531 (Revision: B) Printed On: 8/28/2025
File ID: 16531 Enactment Number: MCRA-R-24-0001
APPROVED AS TO FORM AND CORRECTNESS:
ge Wy j ng III, C1ty ttor -y 9/27/2024
City of Miami Page 2 of 2 File ID: 16531 (Revision: B) Printed on: 8/28/2025