HomeMy WebLinkAboutR-25-0411City of Miami
Resolution R-25-0411
Legislation
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."
SPONSOR(S): Commissioner Christine King
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.
City of Miami Page 1 of 2 File ID: 17989 (Revision: A) Printed On: 1/26/2026
File ID: 17989 Enactment Number: R-25-0411
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.
City of Miami Page 2 of 2 File ID: 17989 (Revision: A) Printed on: 1/26/2026