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HomeMy WebLinkAboutBack-Up DocumentsA RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE MIDTOWN COMMUNITY REDEVELOPMENT AGENCY ("CRA"), WITH ATTACHMENT(S), ACCEPTING AND APPROVING 2026 PROPOSED BUDGET OF THE MIDTOWN COMMUNITY REDEVELOPMENT AGENCY, ATTACHED AND INCORPORATED AS EXHIBIT "A", IN THE AMOUNT OF $15,776,289.00 FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2025 AND ENDING SEPTEMBER 30, 2026 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 2025-2026, the Board of Commissioners of the CRA must approve the proposed Tax Increment budget for the fiscal year commencing October 1, 2025 ending September 30, 2026. 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 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 Board of Commissioners of CRA hereby approves and adopts the 2026 proposed budget for the fiscal year commencing October 1, 2025 ending September 30, 2026 respectively. Section 3. The Executive Director is directed to transmit a copy of each 2026 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: XXXXXXX, City Attorney Omni C R A MIDTOWN COMMUNITY REDEVELOPMENT AGENCY PLEASE ALL TAKE NOTICE that the Board of Commissioners Meeting of the Midtown Community Redevelopment Agency (CRA) scheduled to take place on Thursday, September 13th, 2025, at 10:00 a.m. or thereafter, in the City Commission Chambers located at Miami City Hall, located at 3500 Pan American Drive, Miami, Florida 33133. All interested persons are invited to attend. For more information, please contact the Midtown CRA office at (305) 679-6868. Midtown Community Redevelopment Agency