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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #17972 Date: 08/05/2025 Commission Meeting Date: 09/13/2025 Type: Subject: Requesting Department: Midtown Community Redevelopment Agency Sponsored By: District Impacted: All Resolution Approve Annual Budget FY '26 - Midtown CRA Purpose of Item: A request for the City of Miami Board of Commissioners to approve the attached Resolution approving and adopting 2026's proposed budget of the CRA for the fiscal year commencing October 1, 2025 ending September 30, 2026. Background of Item: N/A Budget Impact Analysis Item is NOT Related to Revenue Item has NOT an Expenditure Item is NOT funded by Bonds Total Fiscal Impact: Total Fiscal Impact: $ 15,776,289.00 Reviewed B Midtown Community Redevelopment Agency Review Skipped 08/06/2025 9:49 AM Office of Management and Budget Donovan Dawson Office of Management and Budget City Manager's Office 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 Legislative Division Office of the City Attorney Office of the City Attorney Office of the City Clerk Marie Gouin Mabel Betancourt Mabel Betancourt Larry M. Spring Arthur Noriega V Valentin J Alvarez Xavier Alban George K. wysong III Maricarmen Lopez Mayor's Office City Clerk's Office Valentin J Alvarez Xavier Alban George K. wysong III City Clerk's Office Mabel Betancourt Budget Analyst Review Budget Review Assistant City Manager Review Deputy City Manager Review Assistance City Manager Review City Manager Review Legislative Division Review ACA Review Approved Form and Correctness Meeting Department Head Completed Completed Skipped Skipped Completed Completed Completed Completed Completed Completed Signed by the Mayor Completed Signed and Attested by the City Clerk Completed Legislative Division Review Completed ACA Review Completed Approved Form and Correctness with Modification(s) Rendered Completed 08/08/2025 4:25 PM 08/11/2025 9:43 AM 08/11/2025 3:10 PM 08/11/2025 3:11 PM 08/13/2025 1:20 PM 08/13/2025 1:31 PM 08/20/2025 9:53 AM 09/04/2025 10:00 AM 09/04/2025 12:15 PM 09/13/2025 10:00 AM 09/16/2025 3:53 PM 09/16/2025 4:03 PM 09/19/2025 10:21 AM 09/30/2025 12:23 PM Completed 10/06/2025 8:36 AM City of Miami Legislation Resolution Enactment Number: R-25-0382 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 17972 Final Action Date:9/13/2025 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ACCEPTING AND APPROVING THE FISCAL YEAR 2025-2026 PROPOSED BUDGET OF THE MIDTOWN COMMUNITY REDEVELOPMENT AGENCY ("MIDTOWN CRA"), ATTACHED AND INCORPORATED AS EXHIBIT "A," IN THE AMOUNT OF FIFTEEN MILLION, SEVEN HUNDRED SEVENTY-SIX THOUSAND, TWO HUNDRED EIGHTY- NINE AND 00/100 DOLLARS ($15,776,289.00) FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2025, AND ENDING SEPTEMBER 30, 2026, AS APPROVED BY THE MIDTOWN CRA'S BOARD OF COMMISSIONERS. WHEREAS, on September 13, 2025, pursuant to Resolution No. MCRA-R-25- 0001, the Board of Commissioners of the Midtown Community Redevelopment Agency ("Midtown CRA") approved and adopted the Fiscal Year 2025-2026 Proposed Annual Budget for the fiscal year commencing October 1, 2025, and ending September 30, 2026; and WHEREAS, the Board of Commissioners of the Midtown CRA requests the approval of the Proposed Annual Budget for the Fiscal Year commencing October 1, 2025, and ending September 30, 2026, in the total amount of Fifteen Million, Seven Hundred Seventy -Six Thousand, Two Hundred Eighty -Nine and 00/100 Dollars ($15,776,289.00), attached and incorporated as Exhibit "A;" 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 approved by reference and incorporated as if fully set forth in this Section. Section 2. The City Commission hereby approves and adopts the Fiscal Year 2025-2026 Proposed Annual Budget, attached and incorporated as Exhibit "A," for the fiscal year commencing October 1, 2025, and ending September 30, 2026 ("FY 25-26 Proposed Annual Budget"). Section 3. A copy of this Resolution shall be transmitted to Miami -Dade County. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.' 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. APPROVED AS TO FORM AND CORRECTNESS: g III, C yE[ttorey / 914/2025