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HomeMy WebLinkAboutR-25-0396City of Miami Resolution R-25-0396 Legislation City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 17977 Final Action Date: 9/25/2025 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. 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; 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 R-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 R-25-0213, adopted on June 17, 2025, the City Commission approved the Trust's Amended Budget for FY24-25 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 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. R-25-005, attached and incorporated as Exhibit "E". City of Miami Page 1 of 2 File ID: 17977 (Revision: A) Printed On: 1/29/2026 File ID: 17977 Enactment Number: R-25-0396 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 Fiscal Year 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.' APPROVED AS TO FORM AND CORRECTNESS: rge Wyy, ng IIV, C ty ttor -y 1/22/2026 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: 17977 (Revision: A) Printed on: 1/29/2026