HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #17989
Date: 08/08/2025
Commission Meeting Date: 09/25/2025
Requesting Department: Liberty City
Community Revitalization Trust
Sponsored By: Christine King
District Impacted: District 5
Type: Resolution
Subject: Approve Annual Budget FY '26 - Liberty City Community Revitalization Trust
Purpose of Item:
To approve and adopt the annual budget of the Liberty City Community Revitalization
Trust ("Liberty City Trust") in the amount of ONE MILLION THREE HUNDRED NINETY-
ONE THOUSAND NINE HUNDRED FIFTY-EIGHT AND 00/100 DOLLARS
($1,391,958.00) for fiscal year commencing October 1, 2025 and ending September 30,
2026.
Background of Item:
According to Section 5.5-36 of the Code of the City of Miami, the Liberty City Trust shall
submit a budget to the City Commission for approval.
Budget Impact Analysis
Item is Related to Revenue
Item has NOT an Expenditure
Item is NOT funded by Bonds
Total Fiscal Impact:
N/A
Liberty City Community Revitalization Trust
Review Completed
Office of Management and Budget
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
Reviewed B
08/20/2025 2:15 PM
Jacques Joseph
Marie Gouin
Erica T. Paschal
Mabel Betancourt
Mabel Betancourt
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
Iris Hudson
Budget Analyst Review
Budget Review
ACM Review
Deputy City Manager Review
Assistance City Manager Review
City Manager Review
Legislative Division Review
ACA Review
Approved Form and Correctness
Meeting
Signed by the Mayor
Department Head
Completed
Completed
Completed
Skipped
Skipped
Completed
Completed
Completed
Completed
Completed
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
09/03/2025 1:05 PM
09/16/2025 6:36 PM
09/16/2025 7:51 PM
08/11/2025 3:20 PM
08/25/2025 11:58 AM
09/16/2025 8:35 PM
09/16/2025 8:43 PM
09/16/2025 9:08 PM
09/16/2025 9:16 PM
09/25/2025 5:05 PM
09/25/2025 9:32 PM
09/25/2025 9:36 PM
10/29/2025 2:23 PM
01/22/2026 1:33 PM
Completed
01/22/2026 5:57 PM
City of Miami
Legislation
Resolution
Enactment Number: R-25-0411
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 17989 Final Action Date:9/25/2025
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE LIBERTY CITY
COMMUNITY REVITALIZATION TRUST IN THE AMOUNT OF $991,958.00 FOR THE
FISCAL YEAR COMMENCING OCTOBER 1, 2025, AND ENDING SEPTEMBER 30,
2026, ATTACHED AND INCORPORATED IN COMPOSITE EXHIBIT "A," AND THE
FY2025-2026 MASTERPLAN, ATTACHED AND INCORPORATED IN COMPOSITE
EXHIBIT "B."
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, as subsequently amended; and
WHEREAS, the Trust is responsible for the oversight and facilitation of the City's
revitalization and redevelopment activities in the Liberty City area as well as for the District 5
neighborhoods owner -occupied affordable housing improvements grant program for low-income
homeowners; and
WHEREAS, Section 12.5-36 of the Code of the City of Miami, Florida, as amended,
provides that the Trust shall submit a budget to the City Commission for approval in a form
acceptable to the City Manager; and
WHEREAS, the governing body of the Trust reviewed and approved the Trust's budget
in Resolution 2025-007, attached and incorporated as part of Composite Exhibit "A"; and
WHEREAS, the Trust is requesting an additional $300,000 for cost allocation to cover
insurance, retirement, a Cost -of -Living Adjustment ("COLA") percentage of 2.7%, and annual
increases of 5%, and other operating cost; and
WHEREAS, the Trust requests the approval of the Fiscal Year 2025-2026 Trust Budget
commencing October 1, 2025 and ending September 30, 2026 in the total amount of
$991,958.00, attached and incorporated as Composite Exhibit "A," and the Fiscal Year 2025-
2026 Masterplan, attached and incorporated as Composite Exhibit "B";
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
incorporated as if fully set forth in this Section.
Section 2. The Fiscal Year 2025-2026 Trust Budget in the amount of $991,958.00,
attached and incorporated as Composite Exhibit "A," commencing October 1, 2025 and ending
September 30, 2026 is approved and adopted.
Section 3. The Fiscal Year 2025-2026 Masterplan, attached and incorporated as
Composite Exhibit "B," is approved and adopted.
Section 4. This Resolution shall be effective immediately upon its adoption and signature
of the Mayor.'
APPROVED AS TO FORM AND CORRECTNESS:
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.