Loading...
HomeMy WebLinkAboutAgenda Item Summary Form",A1' UF..4y AGENDA ITEM SUMMARY FORM File ID: #1318 o F Date: 11/15/2016 Requesting Department: Liberty City Community Revitalization Trust Commission Meeting Date: 02/23/2017 Sponsored By: District Impacted: District 5 Type: Resolution Subject: Approve Amended Budget - Liberty City Trust Purpose of Item: The Trust received unanticipated revenues from the District 5 share of the City's Anti - Poverty Initiative, in the amount of $250,000.00, to funds its Summer Youth Program, necessitating the amendment of the Trust's budget for the fiscal year commencing October 1, 2016 and ending September 30, 2017. Background of Item: The Liberty City Community Revitalization Trust ("Trust") implemented a Youth Employment Program for the summer that imparts financial empowerment through paid assignment. The Program furthers the Anti -Poverty Initiative within the City and exemplifies the principles outlined in the Gateway to Self Sufficiency strategy. District 5 Commissioner allocated Anti -Poverty Initiative funds pursuant to Resolution No. 16- 0200, adopted on April 28, 2016. The program was successful and the District 5 Commissioner desires to continue to employ youth beyond the summer and thereby allocating additional funds in the amount of $250,000 to the Trust to do so. Budget Impact Analysis Item is Related to Revenue Item is NOT funded by Bonds Total Fiscal Impact: Reviewed By Liberty City Community Revitalization Trust Review Completed 11/15/2016 3:44 PM Office of Management and Budget Carolina Bazail Office of Management and Budget Yvette Smith Office of Management and Budget Christopher M Rose City Manager's Office Carolina Bazail City Manager's Office Daniel J. Alfonso Legislative Division Valentin J Alvarez Office of the City Attorney Barnaby L. Min Office of the City Attorney Victoria Mendez City Commission Nicole Ewan Office of the Mayor Mayor's Office Office of the City Clerk City Clerk's Office Elaine Black Department Head Budget Analyst Review Skipped Review Pending Completed Budget Review Completed Assistant City Manager Review Skipped City Manager Review Completed Legislative Division Review (RJJ) Completed Deputy Attorney Review Completed Approved Form and Correctness Completed Meeting Completed Signed by the Mayor Completed Signed and Attested by the City Clerk Completed 12/01/2016 9:25 AM 11/23/2016 9:06 AM 11/28/2016 1:24 PM 11/29/2016 9:51 AM 11/29/2016 7:01 PM 02/08/2017 2:21 PM 02/08/2017 4:29 PM 02/13/2017 8:51 AM 02/23/2017 9:00 AM 03/01/2017 3:09 PM 03/01/2017 3:28 PM Gt�V ov City of Miami Legislation Resolution Enactment Number: R-17-0089 File Number: 1318 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Final Action Date:2/23/2017 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING AND ADOPTING THE SUPPLEMENTAL BUDGET OF THE LIBERTY CITY COMMUNITY REVITALIZATION TRUST, ATTACHED AND INCORPORATED AS COMPOSITE EXHIBIT "C", IN THE AMOUNT OF NINE HUNDRED NINETY THOUSAND NINE HUNDRED NINETY DOLLARS ($990,990.00), FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2016 AND ENDING SEPTEMBER 30, 2017. 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 No. 16-0384, adopted September 6, 2016, the City Commission approved the Trust's original annual budget for the fiscal year commencing October 1, 2016 and ending September 30, 2017 ("Fiscal Year 2016-2017") in the amount of Seven Hundred Forty Thousand Nine Hundred Ninety Dollars ($740,990.00) ("Original Annual Budget"), attached and incorporated as Exhibit "A"; and WHEREAS, pursuant to (1) Resolution No. 16-0475, adopted by the City Commission on October 13, 2016, attached and incorporated as part of Composite Exhibit "B", the Trust received unanticipated revenues from the District 5 share of the City's Anti -Poverty Initiative funds in the amount of Fifty Thousand Dollars ($50,000.00) to fund its Summer Youth Program and (2) Resolution No. 17-0017, adopted by the City Commission on January 12, 2017, attached and incorporated as part of Composite Exhibit "B", the Trust received unanticipated revenues from the District 5 share of the City's Anti -Poverty Initiative funds in the amount of Two Hundred Thousand Dollars ($200,000.00) to fund its Youth Employment Program, necessitating a supplement to and amendment of the Trust's Original Annual Budget; and WHEREAS, Section 12.5-36 (a) of the City Code provides for the Trust to return to the City Commission for approval of supplements to the Original Annual Budget; and WHEREAS, the governing body of the Trust reviewed and approved, pursuant to Resolution No. 17-001, accepting the additional funding on the amount of Two Hundred Fifty Thousand Dollars ($250,000.00), and approved the Trust's supplemented and amended budget for Fiscal Year 2016-2017 ("Supplemental Budget'), attached and incorporated with Resolution No. 17-002 as Composite Exhibit "C", on January 25, 2017; 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 2016-2017 Supplemental Budget, in the amount of Nine Hundred Ninety Thousand Nine Hundred Ninety Dollars ($990,990.00), attached and incorporated as Composite Exhibit "C", 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: 1 i ria i ndez, Cify Attor iey 2113/2017 ' 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.