HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #18032
Date: 08/21/2025
Commission Meeting Date: 09/25/2025
Type:
Subject:
Requesting Department: Southeast
Overtown/Park West CRA
Sponsored By:
District Impacted: All
Resolution
Approve Annual Budget FY' 26 - Southeast Overtown/Park West 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: $ 280,997,692.00
Reviewed B
Southeast Overtown/Park West CRA
Southeast Overtown/Park West CRA
Review Completed 09/03/2025 9:49 AM
Office of Management and Budget Donovan Dawson
Office of Management and Budget Marie Gouin
City Manager's Office Erica T. Paschal
City Manager's Office Arthur Noriega V
Legislative Division Valentin J Alvarez
Office of the City Attorney Xavier Alban
Office of the City Attorney George K. Wysong III
City Commission Maricarmen Lopez
Office of the Mayor Mayor's Office
Office of the City Clerk City Clerk's Office
Office of the City Clerk City Clerk's Office
Miguel A Valentin
James McQueen
Finance Review
Department Head
Budget Analyst Review Completed
Budget Review Completed
ACM Review Completed
City Manager Review Completed
Legislative Division Review Completed
ACA Review Completed
Approved Form and Correctness Completed
Meeting Completed
Signed by the Mayor Completed
Signed and Attested by the City Clerk Completed
Rendered Completed
Completed
09/03/2025 11:40 AM
09/11/2025 7:04 PM
09/12/2025 10:03 AM
09/12/2025 3:43 PM
09/12/2025 4:33 PM
09/16/2025 10:35 AM
09/16/2025 2:04 PM
09/25/2025 5:05 PM
09/25/2025 9:31 PM
09/25/2025 9:35 PM
09/25/2025 9:36 PM
City of Miami
Legislation
Resolution
Enactment Number: R-25-0409
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 18032 Final Action Date:9/25/2025
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
ACCEPTING AND APPROVING THE 2026 ANNUAL BUDGET OF THE SOUTHEAST
OVERTOWN PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW
CRA"), ATTACHED AND INCORPORATED AS EXHIBIT "A," IN THE TOTAL AMOUNT
OF $280,997,692.00, FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2025,
AND ENDING SEPTEMBER 30, 2026.
WHEREAS, the SEOPW Community Redevelopment Agency ("SEOPW CRA") is
responsible for carrying out community redevelopment activities and projects within its
Redevelopment Area; and
WHEREAS, pursuant to Interlocal Agreements, 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 Board of Commissioners of the SEOPW CRA adopted Resolution No.
CRA-R-25-0047 on September 11, 2025, approving the SEOPW CRA's General Operating and
Tax Increment Fund Budget ("Budget"), attached and incorporated as Exhibit "A," for the Fiscal
Year commencing October 1, 2025, and ending September 30, 2026, in the total amount of
$280,997,692.00; and
WHEREAS, pursuant to Interlocal Agreements, a copy of the Budget is required to be
transmitted to the City of Miami ("City") and Miami -Dade County ("County"); and
WHEREAS, the SEOPW CRA requests the acceptance and approval of the SEOPW
CRA's Budget by the City Commission in the total amount of $280,997,692.00, attached and
incorporated as Exhibit "A," for the Fiscal Year commencing October 1, 2025, and ending
September 30, 2026;
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 herein as if fully set forth in this Section.
Section 2. The SEOPW CRA's Budget in the total amount of $280,997,692.00, attached
and incorporated as Exhibit "A," for the Fiscal Year commencing October 1, 2025, and ending
September 30, 2026, is accepted and adopted.
Section 3. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.'
APPROVED AS TO FORM AND CORRECTNESS:
ge Wy ng III, C "y -ttar y 9/16/2025
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.