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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #17505 Date: 04/14/2025 Commission Meeting Date: 06/17/2025 Type: Subject: Requesting Department: Liberty City Community Revitalization Trust Sponsored By: District Impacted: District 5 Resolution Approve and Adopt - FY' 2025 Amended Budget - Liberty City Trust Purpose of Item: To approve and adopt the amended annual budget of the Liberty City Trust for FY25. Background of Item: The Liberty City Trust received unanticipated revenues from the Mayor's share of the Miami For Everyone Program and from District 5 share of the Anti -Poverty Initiative to fund the Trust's summer youth employment program for 2025. Budget Impact Analysis Item is Related to Revenue Item has NOT an Expenditure Item is NOT funded by Bonds Total Fiscal Impact: N/A Reviewed B Liberty City Community Revitalization Trust Review Completed 05/08/2025 12:34 PM Office of Management and Budget Jacques Joseph 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 City Commission City Commission Office of the Mayor Office of the City Clerk Office of the City Clerk Marie Gouin Larry M. Spring Natasha Colebrook -Williams Arthur Noriega V Valentin J Alvarez Xavier Alban George K. Wysong III Todd B. Hannon Nicole Ewan Maricarmen Lopez Mayor's Office City Clerk's Office City Clerk's Office Elaine Black Department Head Budget Analyst Review Completed 05/08/2025 1:12 PM Budget Review Completed 05/08/2025 5:14 PM Assistance City Manager Review Completed 05/09/2025 11:35 AM Deputy City Manager Review Completed 05/09/2025 11:54 AM City Manager Review Completed 05/10/2025 3:53 PM Legislative Division Review Completed 05/12/2025 9:47 AM ACA Review Completed 05/13/2025 12:58 PM Approved Form and Correctness Completed 05/13/2025 1:54 PM Meeting Completed 05/22/2025 9:00 AM Meeting Completed 06/12/2025 9:00 AM Meeting Completed 06/17/2025 9:00 AM Signed by the Mayor Completed 06/25/2025 2:36 PM Signed and Attested by the City Clerk Completed 06/25/2025 2:59 PM Rendered Completed 06/25/2025 2:59 PM City of Miami Legislation Resolution Enactment Number: R-25-0213 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 17505 Final Action Date:6/17/2025 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING AND ADOPTING THE AMENDED BUDGET OF THE LIBERTY CITY COMMUNITY REVITALIZATION TRUST, ATTACHED AND INCORPORATED AS EXHIBIT "D," IN THE AMOUNT OF ONE MILLION, TWO HUNDRED FORTY-THREE THOUSAND, EIGHT HUNDRED EIGHTY-TWO AND 00/100 DOLLARS ($1,243,882.00) FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2024, AND ENDING SEPTEMBER 30, 2025. WHEREAS, the City of Miami ("City") created and established the Liberty City Community Revitalization Trust ("Trust") pursuant to Ordinance No. 12859, adopted October 12, 2006; and WHEREAS, the Trust is responsible for the oversight and facilitation of the City's revitalization and redevelopment activities in the Liberty City area; and WHEREAS, Section 12.5-36 of the Code of the City of Miami, Florida, as amended ("City Code"), provides that the Trust shall submit a budget to the City Commission for approval, in a form acceptable to the City Manager; and WHEREAS, pursuant to Resolution No. 24-0321, adopted September 7, 2024, the City Commission approved the Trust's original annual budget for the fiscal year commencing October 1, 2024 through September 30, 2025 in the amount of Eight Hundred Forty -Three Thousand, Eight Hundred Eighty -Two and 00/100 Dollars ($843,882.00) ("Original Annual Budget"), attached and incorporated as Exhibit "A"; and WHEREAS, pursuant to Resolution No. 25-0106, adopted by the City Commission on March 13, 2025, the Trust received unanticipated revenues from the Mayor's share of the Miami for Everyone ("MFE") Program, in the total amount of One Hundred Fifty Thousand and 00/100 Dollars ($150,000.00), and grant funds from the District 5 Commissioner's share of Anti -Poverty Initiative ("API") Funds, in the amount of Two Hundred Fifty Thousand and 00/100 Dollars ($250,000.00) to fund its summer youth employment program, necessitating the amendment of the Trust's original annual budget, attached and incorporated as Exhibit "B"; and WHEREAS, the governing body of the Trust reviewed and approved the Trust's amended budget for Fiscal Year 2024-2025 on April 9, 2025, attached and incorporated as Exhibit "C"; 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 Trust's Fiscal Year 2024-2025 Amended Budget, in the amount of One Million, Two Hundred Forty -Three Thousand, Eight Hundred Eighty -Two and 00/100 Dollars ($1,243,882.00) attached and incorporated as Exhibit "D," for the Fiscal Year commencing October 1, 2024, and ending September 30, 2025, is approved and adopted. Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor. APPROVED AS TO FORM AND CORRECTNESS: g Wy j ng III, C y tor y 5/13/2025 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.