HomeMy WebLinkAboutCRA-R-23-0043Southeast Overtown/Park West
Community Redevelopment Agency
Legislation
CRA Resolution: CRA-R-23-0043
819 NW 2"d Ave
3rd Floor
Miami, FL 33136
www.seopwcra.com
File Number: 14724 Final Action Date:9/28/2023
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
("SEOPW CRA"), WITH ATTACHMENT(S), APPROVING AND ADOPTING THE
PROPOSED GENERAL OPERATING AND TAX INCREMENT FUND BUDGET
OF THE SEOPW CRA, ATTACHED AND INCORPORATED AS EXHIBIT "A", IN
THE AMOUNT OF ONE HUNDRED SIX MILLION, SIX HUNDRED EIGHTY-NINE
THOUSAND, FORTY DOLLARS AND ZERO CENTS ($106,689,040.00)
("FUNDS"), FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2023, AND
ENDING SEPTEMBER 30, 2024 ("FY 2023-2024"); FURTHER AUTHORIZING
THE DE -ALLOCATION OF FUNDS IN THE AMOUNT OF ONE MILLION TWO
HUNDRED SEVENTY SIX THOUSAND ONE HUNDRED NINETY DOLLARS AND
ZERO CENTS ($1,276,190.00), ATTACHED AND INCORPORATED AS EXHIBIT
"B" ATTACHED AND INCORPORATED HEREIN; FURTHER APPROVING THE
COMPENSATION OF THE EXECUTIVE DIRECTOR FOR FY 2023-2024;
DIRECTING THE EXECUTIVE DIRECTOR TO TRANSMIT A COPY OF SAID
BUDGET TO THE CITY OF MIAMI AND MIAMI-DADE COUNTY; PROVIDING
FOR INCORPORATION OF RECITALS AND PROVIDING FOR AN EFFECTIVE
DATE.
WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("SEOPW
CRA") is responsible for carrying out community redevelopment activities and projects within its
Redevelopment Area in accordance with the 2018 Southeast Overtown/Park West Redevelopment Plan
Update (the "Plan"); and
WHEREAS, as a prerequisite to carrying out redevelopment activities for the fiscal year
commencing October 1, 2023, and ending September 30, 2024 ("FY 2023-2024"), it is required that the
SEOPW CRA's Board of Commissioners approve and adopt the annual General Operating and Tax
Increment Fund Budget ("Budget"), attached and incorporated as Exhibit "A"; and
WHEREAS, pursuant to Interlocal Agreements, a copy of the SEOPW CRA's budget is required
to be transmitted to the City of Miami and Miami -Dade County; and
WHEREAS, all the expenses included in the Budget are in accordance with state law, Interlocal
Agreements, and the Plan; and
WHEREAS, the Board of Commissioners finds that authorizing this Resolution would further the
SEOPW CRA redevelopment goals and objectives; and
WHEREAS, the Board of Commissioners wish to approve and adopt the SEOPW CRA's Budget
for FY 2023-2024 as set forth in Exhibit "A", in the amount of $106,689,040.00;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF
THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY OF
THE CITY OF MIAMI, FLORIDA:
City of Miami Page 1 of 2 File ID: 14724 (Revision: A) Printed On: 9/11/2025
File ID: 14724 Enactment Number: CRA-R-23-0043
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 Southeast Overtown/Park West Community Redevelopment Agency's
General Operating and Tax Increment Fund Budget, in the amount of $106,689,040.00, for the fiscal year
commencing October 1, 2023, and ending September 30, 2024, as set forth in Exhibit "A", is hereby
approved and adopted.
Section 3. The Board of Commissioners of the SEOPW CRA hereby approves the de -allocation
of funds in the amount of $1,276,190.00, as set forth in Exhibit "B".
Section 4. The Board of Commissioners of the SEOPW CRA hereby approves the
compensation of the Executive Director effective in fiscal year 2023-2024.
Section 5. Sections of this Resolution may be renumbered or re -lettered and corrections of
typographical errors which do not affect the intent may be authorized by the Executive Director, or the
Executive Director's designee, without need of public hearing, by filing a corrected copy of same with the
City of Miami City Clerk.
Section 6. The Executive Director is directed to transmit a copy of said budget to the City of
Miami and Miami -Dade County including any and all necessary documents, and all -in forms acceptable
to the General Counsel.
Section 7. This Resolution shall become effective immediately upon its adoption and
signature by the Mayor.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
yeera-Naawarern ounsel 10/2/2023 a Br ounsel 9/21/2023
City of Miami Page 2 of 2 File ID: 14724 (Revision: A) Printed on: 9/11/2025