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Home My WebLink AboutExhibit E-SUBTHIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. RESOLUTION NO. A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING AND ADOPTING THE AMENDED BUDGET OF THE LIBERTY CITY COMMUNITY REVITALIZATION TRUST, ATTACHED AND INCORPORATED AS EXHIBIT "A", IN THE AMOUNT OF ONE MILLION THREE HUNDRED THIRTEEN THOUSAND SIX HUNDRED NINETY-EIGHT AND 00/100 DOLLARS ($1,313,698.00) FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2024, AND ENDING SEPTEMBER 30, 2025. 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; and WHEREAS, the Trust is responsible for the oversight and facilitation of the City's revitalization and redevelopment activities in the Liberty City area; and WHEREAS, Section 12.5-36 of the Code of the City of Miami, Florida, as amended ("City Code"), provides that the Trust shall submit a budget to the City Commission for approval, in a form acceptable to the City Manager; and WHEREAS, pursuant to Resolution 24-0321, adopted September 7, 2024, the City Commission approved the Trust's original annual budget for the fiscal year commencing October 1, 2024 through September 30, 2025 in the amount of $843,882.00 ("Original Annual Budget", attached and incorporated as Exhibit "A"); and WHEREAS, pursuant to Resolution 25-0213, adopted on June 17, 2025, the City Commission approved the Trust's Amended Budget for Fiscal Year ("FY") 24-25 in the amount of $1,243,882.00, attached and incorporated as Exhibit "B" ("Supplemental Annual Budget"); and WHEREAS, pursuant to Resolution No. CRA-25-0025, adopted by the Southeast Overtown/Park West Community Redevelopment Agency ("SEOPW CRA") on June 17, 2025, attached and incorporated as Exhibit "C", the Trust received unanticipated revenue from SEOPW CRA in the amount of Seventy -Five Thousand and 00/100 Dollars ($75,000.00), to fund its Summer Youth Employment Program, necessitating the amendment of the Trust's original annual budget; and 17977 Exhibit E-Sub THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. WHEREAS, the governing body of the Trust reviewed and approved the revenue received from the SEOPW CRA on July 11, 2025, pursuant to the Trust's Resolution No. 2025-004, attached and incorporated as Exhibit "D"; and WHEREAS, the governing body of the Trust reviewed and approved the Trust's second amended budget for Fiscal Year 2024-2025 on July 11, 2025, pursuant to the Trust Resolution No. 25-005, attached and incorporated as Exhibit "E". WHEREAS, the fund balance in the Original Annual Budget for FY24-25 was overstated by $5,185.00. WHEREAS, the correct amount of funds received from the Original Annual Budget was an amount of $838,697.00, and therefore necessary to clarify in order to approve the Second Supplemental Budget. 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 as if fully set forth in this Section. Section 2. The Trust's FY 2024-2025 Second Supplemental Budget, in the amount of ONE MILLION THREE HUNDRED THIRTEEN THOUSAND SIX HUNDRED NINETY-EIGHT AND 00/100 DOLLARS ($1,313,698.00) attached hereto as Exhibit "E", for the Fiscal Year commencing October 1, 2024 and ending September 30, 2025, is approved and adopted. Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.' 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. THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. PASSED AND ADOPTED this day of , 2025. FRANCIS SUAREZ, MAYOR ATTEST: TODD B. HANNON CITY CLERK APPROVED AS TO FORM AND CORRECTNESS: CITY ATTORNEY Liberty City Trust Budget Template FY 2024-25 Amended Budget THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. FY 2024-25 Amended Notes Number of Full -Time Positions 6 Are any positions funded in other budgets? No If so, how much is in this budget? n/a If so, how much is in the other budget? n/a - Revenues _ General Fund $ 500,000 Fund Balance $ 286,698 Interest $ - Off -Street Parking $ 17,000 Parrot Jungle $ 35,000 CRA $ - $0 Donations $ 75,000 CRA Donation $75K Venture $ - Miami For Everyone (2024) $ - Miami for Everyone R/O $ - Wynwood Housing R/O $ - Miami for Everyone (2025) $ 150,000 For Summer Youth Emp. Program Anti -Poverty (2025) $ 250,000 For Summer Youth Emp. Program Miami For Everyone (2026) $ - Revenue Grand Total $ 1,313,698 Regular Salary and Wages $ 500,000 Other Salaries / SYEP $ 408,215 Summer Youth Program Fringe Benefits $ 3,500 FICA Taxes $ 67,995 Retirement Contributions $ 39,678 Life and Health Insurance $ 65,000 Workers' Compensation $ - Unemployment $ 5,000 Professional Services $ 17,000 Accounting and Auditing $ 12,000 Other Contractual Services $ 114,620 Other Contractual Services - Grants $ - Travel and Per Diem $ - Communications and Related Services $ 29,816 Postage $ 400 Rentals and Leases $ 3,000 Insurance $ - THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. Insurance - General Liability $ 10,842 Repair and Maintenance Services $ - Maintenance -Landscape $ - Printing and Binding Outsource $ 1,500 Promotion Expense $ - Advertising and Related Costs $ 1,500 Other Current Charges & Obligation $ 6,500 Office Supplies $ 11,346 Operating Supplies $ 5,500 Motor Fuel $ - Uniforms/clothing $ 9,536 Landscape Related Supplies $ - Subscriptions, Memberships, and Licenses $ 750 Equipment & Furniture $ - Improvement other than building $ - All other Expenditure $ - Budget Reserve $ - $ - Expenditure Grand Total $ 1,313,698 Revenues Minus Expenditures (0) SUBSTITUTED RESOLUTION NO. 25 OO5 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE LIBERTY CITY COMMUNITY REVITALIZATION TRUST ("LIBERTY CITY TRUST") APPROVING THE SECOND AMENDED FY25 ANNUAL BUDGET TO INCLUDE ADDITIONAL FUNDING RECEIVED FROM SOUTHEAST OVERTOWN PARK/WEST COMMUNITY REDEVELOPMENT AGENCY (CRA) IN THE AMOUN OF $75,000.00 FOR THE PURPOSE OF THE 2025 YOU EMPLOYMENT PROGRAM. THE LIBERTY CITY TRUST 25 BUDGET IS AMENDED IN THE AMOUNT OF ONE M LION THREE HUNDRED EIGHTEEN THOUSAND EIGHT H DRED EIGHTY-TWO AND 00/100 DOLLARS ($1,318,882.00) OR THE FISCAL YEAR COMMENCING OCTOBER 1, 2024 A► I ENDING SEPTEMBER 30, 2025. EMMA LADSON, CH Approved by the Board of Directors of the Liberty City Community Revitalization Trust at its meeting of July 11 025. ELA E H. BLAC P' " SIDENT/CEO STATE OF FLORIDA COUNTY OF MIAMI-DA ') Subscribed a d sworn to before me by ELAINE H. BLACK, President/Chief xecutive Officer, as the official recordkeeper for the Liberty City Trust who is personally known to me or , 2025. ommissbaftexpirelo. Notary Public - State of Florida Commission it HH 444466 -Sov�°;,My Comm. Expires Sep 14, 2027 0 Bonded through National Notary Assn. as identification, on the Notary Public, State of Florida EXHIBIT E who produced day of Liberty City Trust Second Amended Budget FY 2024-25 Budget SUBSTITUTED FY2024-2025 evenu General Fund $ 500, Fund Balance C/O $ 28• .98 Off -Street Parking $ 7,000 Miami For Everyone $ 150,000 Anti -Poverty 2025 $ 250,000 Parrot Jungle 35,000 CRA 75,000 Revenue Grand Total 1,313,698 Regular Salary and Wages (512000) $ 500,000 Regular Salary (YEP) $ 408,215 Fringe Benefits (516000) $ 3,500 FICA Taxes (521000) $ 67,995 Retirement Contributions (522000) $ 39,678 Life and Health Insurance (523000) $ 65,000 Unemployment Compensation (525000) $ 5,000 Professional Services (531000) $ 17,000 Accounting and Auditing (532000) $ 12,000 Communications and Related Services $ 29'816 Other Contractual Services (534000) $ 114,620 Postage (541100) $ 400 Rentals and Leases (544000) $ 3,000 Insurance -General Liability (54' 013) $ 10,842 Printing and Binding (54700, $ 1,500 Advertising and Related fists (548100) $ 1,500 Other Current Charges : Obligation (549000) $ 6,500 Office Supplies (55 '- 00) $ 11,346 Operating Supplie552000) $ 5,500 Subscriptions, ' -mberships, and Licenses (554000) $ 750 Budget Reser - (896000) $ - Uniforms $ 9,536 Expen' ture Grand Total $ 1,313,698