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Community Redevelopment Agency
Legislation
OMNI CRA Resolution: CRA-R-25-0046
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
www.miamicra.com
File Number: 17887 Final Action Date:7/24/2025
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
("CRA"), WITH ATTACHMENT(S), APPROVING AND ADOPTING THE CRA'S
PROPOSED GENERAL OPERATING BUDGET AND TAX INCREMENT FUND
BUDGET FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2025, AND
ENDING SEPTEMBER 30, 2026; DIRECTING THE EXECUTIVE DIRECTOR TO
TRANSMIT A COPY OF THE BUDGET TO THE CITY OF MIAMI AND MIAMI-
DADE COUNTY.
WHEREAS, the Omni Redevelopment District 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 Fiscal Year 2025-2026 redevelopment
activities, the Board of Commissioners must approve the CRA's proposed General
Operating Budget and Tax Increment Fund Budget ("Budget") for the Fiscal Year
commencing October 1, 2025, and ending September 30, 2026 ("Fiscal Year"); and
WHEREAS, the CRA's Budget is in the total amount of Seventy -Three Million, Sixty -
Four Thousand, Two Hundred Eighty Nine Dollars and Zero Cents ($73,064,289.00) for the
Fiscal Year; and
WHEREAS, a copy of the Budget is required to be transmitted to the City of Miami
("City") and Miami -Dade County ("County");
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS
OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT
AGENCY 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 herein as if fully set forth in this Section.
Section 2. The Budget for the Fiscal Year commencing October 1, 2025, and ending
September 30, 2026, attached and incorporated as Exhibit "A", is approved and adopted.
Section 3. The Executive Director is directed to transmit a copy of the budget to the
City and the County.
Section 4. This Resolution shall become effective immediately upon its adoption.
City of Miami Page 1 of 2 File ID: 17887 (Revision:) Printed On: 8/28/2025
File ID: 17887 Enactment Number: CRA-R-25-0046
APPROVED AS TO FORM AND CORRECTNESS:
ge Wy ng III, C y ttor -y 7/17/2025
City of Miami Page 2 of 2 File ID: 17887 (Revision:) Printed on: 8/28/2025
EXHIBIT A
1th Budget Update 7/9/2025
2nd Budget Update 7/14/25
OMNI TAX INCREMENT FUND BUDGET
1
FY 2026
PROPOSED
BUDGET
FY 2025
ADOPTED
BUDGET
BUDGET
VARIANCE
i
REVENUES
CITY OF MIAMI -TAX INCREMENT
$26,321,293
$23,653,239
$2,668,054
MIAMI DADE COUNTY - TAX INCREMENT (ORIGINAL BOUNDARIES)
$16,870,354
$15,160,791
$1,709,563
CITY OF MIAMI - TAX INCREMENT (2009 ADDITION EXPANDED BOUNDARIES)
$2,400,337
$1,592,823
$807,514
MIAMI DADE COUNTY - TAX INCREMENT (2009 ADDITION EXPANDED BOUNDARIES)
$1,538,471
$1,023,901
$514,570
Total TIF Revenues $47,130,455
TRANSFER FROM MIDTOWN CRA (Administration)
$0
$139,181
($139,181)
RENT INCOME MEC ($8,333/Month)
$100,000
$100,000
$0
2026's ESTIMATED CHILDREN TRUST CONTRIBUTION
$1,808,970
$1,601,953
$207,017
2025's FUND BALANCE (NON TIF REVENUE SOURCES -FUNDS DERIVE FROM RENT COLLECTIONS)
$1,872,245
$1,980,073
($107,828)
2025's ESTIMATED FUND BALANCE
$22,152,618
$28,398,446
($6,245,828)
TOTAL REVENUE
$73,064,289
$73,650,407
($5861,1 y
REDEVELOPMENT EXPENDITURES
'{
h
ACCOUNTING AND AUDIT
$25,000
$30,000
($5,000)
PROFESSIONAL SERVICES - OTHER (Available funds for consulting agreements for specific period of
time)
$700,000
$700,000
$0
OTHER CONTRACTUAL SERVICES (Available funds for service agreements for limited time frame to be
provided on as needed basis)
$700,000
$700,000
$0
INTERFUND TRANSFER (Debt Service)
$2,815,441
$2,813,062
$2,379
INTERFUND TRANSFER (Grant)
$2,197,869
$812,500
$1,385,369
LAND
$250,768
$5,000,000
($4,749,232)
CONSTRUCTION IN PROGRESS
$1,429,835
$1,519,628
($89,793)
OTHER GRANTS AND AIDS
$30,715,468
$27,498,885
$3,216,583
1
1th Budget Update 7/9/2025
DIWRNlSTRATIVE EXPENDITURES
mn nnnnPr r in )
REGULAR SALARIES
$1,215,220
$1,415,220
($200,000)
FICA TAXES
$92,964
$108,264
($15,300)
LIFE AND HEALTH INSURANCE
$110,000
$110,000
$0
RETIREMENT CONTRIBUTION
$195,000
$195,000
$0
FRINGE BENEFITS
$4,800
$4,800
$0
OTHER CONTRACTUAL SERVICE
$140,000
$140,000
$0
TRAVEL AND PER DIEM
$50,000
$50,000
$0
UTILITY SERVICE
$20,300
$20,300
$0
INSURANCE
$430,000
$430,000
$0
OTHER CURRENT CHARGE
$259,378
$259,378
$0
SUPPLIES
$7,000
$7,000
$0
OPERATING SUPPLIES
$10,000
$10,000
$0
SUBSCRIPTION MEMBERSHIP
$10,000
$10,000
$0
MACHINERY AND EQUIPMENT
$60,000
$60,000
$0
ADVERTISING
$15,000
$15,000
$0
RENTAL AND LEASES
$3,600
$3,600
$0
POSTAGE
$2,000
$2,000
$0
REPAIR/MAINTENANCE - OUTSIDE
$2,000
$2,000
$0
INTERFUND TRANSFER
$60,000
$60,000
$0
Total Administrative Expenditures $2,687,263
1
2026's RESERVE FOR 2007 GLOBAL AGREEMENT (TUNNEL)
$3,992,662
$3,992,662
$0
2026's RESERVE FOR 2007 GLOBAL AGREEMENT (35 % PAC)
$16,495,659
$14,500,765
$1,994,894
2026's RESERVE FOR INTERLOCAL CHILDREN'S TRUST
$1,808,970
$1,601,953
$207,017
2026's RESERVE FOR CITY OF MIAMI
$2,000,000
$0
$2,000,000
2025/2026's RESERVE FOR MAURICE FERRE PARK ($2mforeachyear)
$4,000,000
$2,000,000
$2,000,000
2026's ADMIN FEE FOR MIAMI DADE COUNTY
$706,957
$0
$706,957
Total Reserve for Obligations with Other Government $29,004,248
Agencies
RESERVE FOR MIDTOWN ADM EXPENDITURES
$0
$139,181
($139,181)
RESERVE FOR SECURITY DEPOSIT - MEC
$125,000
$125,000
$0
RESERVE FOR SECURITY DEPOSIT - 1401 GROUP LLC
$40,000
$40,000
$0
RESERVE FOR CAPITAL EXPENDITURES
$0
$1,980,073
($1,980,073)
RESERVE FOR EXPENDITURES NOT ALLOWED UNDER CHAPTER 163 (carryover $1,504,745 plus $1001( rent income)
$1,604,745
$0
$1,604,745
RESERVE - BILLBOARD (RENT COLLECTED)
$284,273
$284,273
$0
RESERVE FOR PAYMENT OF PROPERTY TAXES - MEC
$234,378
$234,378
$0
RESERVE FOR UNSOLICITATED PROPOSALS
$50,000
$25,000
$25,000
Total Reserve for Other $2,338,396
2019-2025 BUDGET RESERVE
$0
$6,750,485
($6,750,485)
2026 BUDGET RESERVE
$200,000
$0
$200,000
Total Revenue Shortfall Reserve $200,000
TOTAL FUND BALANCE
$73,O64,289
$73,65 ,407
(S586,I1203$
A)
B)
C)
2026 TIF Revenue
2026 TIF Rev for Affordable Housing
% 2026 Budget for Affordable Housing
2026 TIF Revenue
2026 Administrative Expenditures
% Administrative Exp / 2026 TIF Revenue
Budget Reserve (2019-2026)
Total 2026 Budget
% 2026 Budget Reserve / Total 2026 Budget
0
$47,130,455
$4,713,046
10%
$47,130,455
$2,687,263
6%
$200,000
$73,064,289
0.27%
so
$o
ate 7/14/25
2