HomeMy WebLinkAboutCRA-R-26-0041Southeast Overtown/Park West
Community Redevelopment Agency
Legislation
CRA Resolution: CRA-R-26-0041
819 NW 2"d Ave
3rd Floor
Miami, FL 33136
www.seopwcra.com
File Number: 19811 Final Action Date:9/10/2026
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
("SEOPW CRA"), WITH ATTACHMENT(S), APPROVING AND ADOPTING THE
SEOPW CRA'S PROPOSED GENERAL OPERATING AND TAX INCREMENT
FUND BUDGET ("BUDGET"), ATTACHED AND INCORPORATED HEREIN AS
EXHIBIT "A," IN THE AMOUNT OF TWO HUNDRED SEVENTY-TWO MILLION
SEVEN HUNDRED SIXTY-THREE THOUSAND FIVE HUNDRED TWENTY-ONE
DOLLARS AND ZERO CENTS ($272,763,521.00), FOR THE FISCAL YEAR
COMMENCING OCTOBER 1, 2026, AND ENDING SEPTEMBER 30, 2027 ("FY
2026-2027"); FURTHER APPROVING THE EXECUTIVE DIRECTOR'S FY 2026-
2027 COMPENSATION, EFFECTIVE OCTOBER 1, 2026; ACCEPTING THE
SEOPW CRA'S PERFORMANCE ANALYSIS REPORT, ATTACHED AND
INCORPORATED HEREIN AS EXHIBIT "B," IN ACCORDANCE WITH SECTION
189.0694, FLORIDA STATUTES; DEALLOCATING ONE MILLION SIXTY
THOUSAND EIGHT HUNDRED EIGHTY-FOUR DOLLARS AND ZERO CENTS
($1,060,884.00) ASSOCIATED WITH CERTAIN PROJECTS AND ACTIVITIES,
AS MORE SPECIFICALLY SET FORTH IN EXHIBIT "C," ATTACHED AND
INCORPORATED HEREIN; AND DIRECTING THE EXECUTIVE DIRECTOR TO
TRANSMIT A COPY OF THE ADOPTED BUDGET TO THE CITY OF MIAMI
("CITY") AND MIAMI-DADE COUNTY ("COUNTY"), FLORIDA; PROVIDING FOR
THE INCORPORATION OF RECITALS AND AN EFFECTIVE DATE.
WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("SEOPW
CRA") is a community redevelopment agency created pursuant to Chapter 163, Florida Statutes, and is
responsible for carrying out community redevelopment activities and projects within its Redevelopment
Area in accordance with the 2018 Updated Southeast Overtown/Park West Community Redevelopment
Plan ("Plan"); and
WHEREAS, pursuant to Section 163.387, Florida Statutes, as a prerequisite to carrying out
redevelopment activities for the fiscal year commencing October 1, 2026, and ending September 30, 2027
("FY 2026-2027"), the SEOPW CRA Board of Commissioners must approve and adopt the SEOPW
CRA's proposed General Operating and Tax Increment Fund Budget ("Budget"), attached and
incorporated herein as Exhibit "A"; and
WHEREAS, pursuant to Section 189.0694, Florida Statutes, special districts, such as the SEOPW
CRA, must establish goals and objectives for programs and activities undertaken by the [SEOPW CRA],
and identify performance measures in furtherance thereof; and
WHEREAS, all the expenditures included in the SEOPW CRA's proposed Budget are in
accordance with local and state law(s), Interlocal Agreement(s), and the Plan; and
WHEREAS, certain projects and activities, with prior board approval(s), have been completed or
have been re -prioritized, and there are remaining balances which could be used to fund other community
redevelopment activities and projects within the Redevelopment Area; and
City of Miami Page 1 of 3 File ID: 19811 (Revision:) Printed On: 9/25/2026
File ID: 19811 Enactment Number: CRA-R-26-0041
WHEREAS, the Board of Commissioners wishes to approve and adopt the SEOPW CRA's
proposed Budget for FY 2026-2027, attached and incorporated herein as Exhibit "A," in the amount of
Two Hundred Seventy -Two Million Seven Hundred Sixty -Three Thousand Five Hundred Twenty -One
Dollars and Zero Cents ($272,763,521.00); and
WHEREAS, the Board of Commissioners wishes to approve the Executive Director's
compensation for FY 2026-2027, effective October 1, 2026; and
WHEREAS, the Board of Commissioners wishes to accept the SEOPW CRA's Performance
Analysis Report, attached and incorporated herein as Exhibit "B," finding that the report has been
submitted in compliance with Section 189.0694, Florida Statutes; and
WHEREAS, the Board of Commissioners wishes to deallocate the remaining balances associated
with those certain projects and activities, as set forth in Exhibit "C," attached and incorporated herein, in
the amount of One Million Sixty Thousand Eight Hundred Eighty -Four Dollars and Zero Cents
($1,060,884.00); and
WHEREAS, pursuant to Section 163.387, Florida Statutes, and the Interlocal Agreement(s), a
copy of the SEOPW CRA's Budget is required to be transmitted to the City of Miami ("City") and
Miami -Dade County ("County"), Florida; and
WHEREAS, the Board finds that authorizing this Resolution would further the SEOPW CRA's
redevelopment goals and objectives;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated as fully set forth in this Section.
Section 2. The SEOPW CRA's FY 2026-2027 Budget, attached and incorporated herein as
Exhibit "A," in the total amount of Two Hundred Seventy -Two Million Seven Hundred Sixty -Three
Thousand Five Hundred Twenty -One Dollars and Zero Cents ($272,763,521.00), is hereby approved and
adopted.
Section 3. The Board of Commissioners hereby further approves the Executive Director's
compensation for FY 2026-2027, effective October 1, 2026.
Section 4. The funds associated with those projects and activities, as more specifically set
forth in Exhibit "C," amounting in One Million Sixty Thousand Eight Hundred Eighty -Four Dollars and
Zero Cents ($1,060,884.00), are hereby deallocated.
Section 5. The SEOPW CRA is hereby in compliance with Section 189.0694, Florida
Statutes.
City of Miami Page 2 of 3 File ID: 19811 (Revision:) Printed on: 9/25/2026
File ID: 19811 Enactment Number: CRA-R-26-0041
Section 6. The Executive Director is hereby authorized' and directed to transmit a copy of
the FY 2026-2027 Budget to the City and the County, including any and all necessary documents, all in
forms acceptable to Counsel.
Section 7. Sections of this Resolution may be renumbered or re -lettered and corrections of
typographical errors which do not affect the intent may be authorized by the Executive Director, or the
Executive Director's designee, without need of public hearing, by filing a corrected copy of same with the
City Clerk.
Section 8. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
ounsel 9/3/2026
' The herein authorization is further subject to compliance with all legal requirements that may be imposed,
including but not limited to those prescribed by applicable state law, City Charter and City Code provisions, as
adopted by the SEOPW CRA.
City of Miami Page 3 of 3 File ID: 19811 (Revision:) Printed on: 9/25/2026