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HomeMy WebLinkAboutLegislation-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 Legislation -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 City of Miami Legislation Resolution SUBSTITUTED City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.co File Number: 17977 Final Action 4 ate: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT( APPROVING AND ADOPTING THE SECOND AMENDED BUDGET OF TH • IBERTY CITY COMMUNITY REVITALIZATION TRUST, ATTACHED AND INCORPiRATED AS EXHIBIT "E," IN THE AMOUNT OF ONE MILLION, THREE HUNDR• EIGHTEEN THOUSAND, EIGHT HUNDRED EIGHTY-TWO AND 00/100 DOLLA ($1,318,882.00) FOR THE FISCAL YEAR COMMENCING OCTOB ' 1, 2024, AND ENDING SEPTEMBER 30, 2025. WHEREAS, the City of Miami ("City") created and es :blished the Liberty City Community Revitalization Trust ("Trust") pursuant to Ordinance N• 12859, adopted October 12, 2006; and WHEREAS, the Trust is responsible for the over•. ght and facilitation of the City's revitalization and redevelopment activities in the Liberty Ci / area; and WHEREAS, Section 12.5-36 of the Code of th= ity of Miami, Florida, as amended ("City Code"), provides that the Trust shall submit a budg to the City Commission for approval, in a form acceptable to the City Manager; and WHEREAS, pursuant to Resolution -0321, adopted September 7, 2024, the City Commission approved the Trust's origin- annual budget for the fiscal year commencing October 1, 2024, through September 30, '25, in the amount of $843,882.00 ("Original Annual Budget," attached and incorporated as ibit "A;" and WHEREAS, pursuant to R- olution 25-0213, adopted on June 17, 2025, the City Commission approved the Trust's mended Budget for Fiscal Year 2024-2025 in the amount of $1,243,882.00, attached and in porated as Exhibit "B" ("Supplemental Annual Budget"); and WHEREAS, pursua► to Resolution No. CRA-25-0025, adopted by the Southeast Overtown/Park West Co unity Redevelopment Agency ("SEOPW CRA") on June 17, 2025, attached and incorpor- -d as Exhibit "C," the Trust received unanticipated revenue from SEOPW CRA in the - ount of $75,000.00 to fund its Summer Youth Employment Program, necessitating the a -ndment of the Trust's original annual budget; and WHERE,' , the governing body of the Trust reviewed and approved the revenue received from e SEOPW CRA on July 11, 2025, pursuant to the Trust's Resolution No. 25- 004, attach and incorporated as Exhibit "D;" and EREAS, the governing body of the Trust reviewed and approved the Trust's second amen • -d budget for Fiscal Year 2024-2025 on July 11, 2025, pursuant to the Trust Resolution No. -005, attached and incorporated as Exhibit "E;" NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: SUBSTITUTED 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 Fiscal Year 2024-2025 Second Amended Budget, in the amou of One Million, Three Hundred Eighteen Thousand, Eight Hundred Eighty -Two and 00/ %0 dollars ($1,318,882.00) attached and incorporated as Exhibit "E," for the Fiscal ear commencing October 1, 2024, and ending September 30, 2025, is approved and adopte Section 3. This Resolution shall become effective immediately upon its ad signature of the Mayor. APPROVED AS TO FORM AND CORRECTNESS: tion and 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.