HomeMy WebLinkAboutMCRA-R-26-0001 MemorandumMidtown Board of Commissioners Meeting
September 10, 2026
MIDTOWN COMMUNITY REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
Board Chair Christine King
19791
and Members of the CRA Board
l
From: Erica T. Paschal Darling
Assistant City Manager/CFO
Date: September 16, 2026
Subject: Midtown CRA's Proposed Budget for
FY '26-'27
Enclosures: 19791 Exhibit A
BACKGROUND:
It is recommended that the Board of Commissioners of the Midtown Community Redevelopment
Agency (CRA) approve the attached resolution adopting the proposed Midtown CRA Tax
Increment Fund Budget for the fiscal year beginning October 1, 2026, and ending September
30, 2027. Additionally, directing the Executive Director to send copies of the budget to the City
of Miami and Miami -Dade County.
JUSTIFICATION:
The Midtown CRA must annually develop a proposed budget and submit it to the City of Miami
and Miami -Dade County. This resolution meets that requirement.
City of Miami
Legislation
Midtown CRA Resolution
MCRA-R-26-0001
Midtown CRA
1401 N. Miami Avenue
Miami, FL 33136
www.miamicra.com
File Number: 19791 Final Action Date: 9/10/2026
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE MIDTOWN
COMMUNITY REDEVELOPMENT AGENCY ("CRA"), WITH ATTACHMENT(S),
ACCEPTING AND APPROVING THE 2026-2027 PROPOSED BUDGET OF THE
MIDTOWN COMMUNITY REDEVELOPMENT AGENCY, ATTACHED AND
INCORPORATED AS EXHIBIT "A", IN THE AMOUNT OF SIXTEEN MILLION, EIGHT
HUNDRED SEVENTY-EIGHT THOUSAND, NINE HUNDRED SIXTY-EIGHT DOLLARS
AND ZERO CENTS ($16,878,968.00) FOR THE FISCAL YEAR COMMENCING
OCTOBER 1, 2026 AND ENDING SEPTEMBER 30, 2027 RESPECTIVELY;
DIRECTING THE EXECUTIVE DIRECTOR, OR HIS DESIGNEE TO TRANSMIT A
COPY OF THE BUDGET TO THE CITY OF MIAMI AND MIAMI-DADE COUNTY.
WHEREAS, the Midtown Community Redevelopment Agency ("CRA") is responsible for
carrying out community redevelopment activities and projects within its Redevelopment Area;
and
WHEREAS, as a prerequisite to carrying out the redevelopment activities for Fiscal Year
2026-2027, the Board of Commissioners of the CRA must approve the proposed Tax Increment
budget ("Budget") for the fiscal year commencing October 1, 2026 ending September 30, 2027
("Fiscal Year"); and
WHEREAS, the Budget is in the total amount of Sixteen Million, Eight Hundred Seventy -
Eight Thousand, Nine Hundred Sixty -Eight Dollars and Zero Cents ($16,878,968.00) for the
Fiscal Year; and
WHEREAS, pursuant to an Interlocal Agreement, as amended, which the CRA is a party
to, a copy of each budget is to be transmitted to the City of Miami and Miami -Dade County;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF
THE MIDTOWN COMMUNITY REDEVELOPMENT AGENCY:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
approved by reference and incorporated as if fully set forth in this Section.
Section 2. The Budget for the Fiscal Year commencing October 1, 2026, and ending
September 30, 2027, attached and incorporated herein as Exhibit "A", is hereby approved and
adopted.
Section 3. The Executive Director, or his designee is directed to transmit a copy of the
Budget to the City of Miami and Miami -Dade County.
Section 4. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
781c kad.
GEORGE K. WYSONG III, GENERAL COUNSEL