HomeMy WebLinkAboutAgenda Item Summary FormDate: 03/31/2017
AGENDA ITEM SUMMARY FORM
File ID: #1964
Commission Meeting Date: 04/13/2017
Type: Resolution
Subject: Amend Budget - SEOPW CRA
Purpose of Item:
Requesting Department: Southeast
Overtown/Park West CRA
District Impacted: District 5
Approving a Resolution accepting and adopting the amended budget of the Southeast
Overtown/Park West Community Redevelopment Agency for the fiscal year
commencing October 1, 2016 and ending September 30, 2017.
Background of Item:
The CRA is required to annually prepare a proposed budget and transmit said budget to
the City of Miami and Miami -Dade County pursuant to Article VI, paragraph 6.1(b), of
the Interlocal Cooperation Agreement, dated March 1, 2000, between the City of Miami,
the Southeast Overtown/Park West Community Redevelopment Agency, and the Omni
Redevelopment District Community Redevelopment Agency, as revised and amended.
This resolution fulfills that requirement.
Budget Impact Analysis
Total Fiscal Impact:
N/A
Reviewed By
Legislative Division
Valentin J Alvarez
Southeast Overtown/Park West CRA
Office of Management and Budget
Donovan Dawson
Office of Management and Budget
Christopher M Rose
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
Legislative Division
Completed
03/30/2017 2:54 PM
Clarence E. Woods
Executive Review
Completed
Budget Analyst Review
Completed
04/04/2017 3:17 PM
Budget Review
Completed
04/04/2017 5:28 PM
Deputy City Attorney Review
Completed
04/04/2017 5:42 PM
Approved Form and Correctness
Completed
04/04/2017 6:49 PM
Meeting
Completed
04/13/2017 9:00 AM
Signed by the Mayor
Completed
04/19/2017 2:22 PM
Signed and Attested by the City Clerk
Completed
04/19/2017 2:38 PM
4 r i
City of Miami
City Hall
3500 Pan American Drive
Legislation Miami, FL 33133
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Resolution www.miamigov.com
Enactment Number: R-17-0174
File Number: 1964 Final Action Date -4/13/2017
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
ACCEPTING AND APPROVING THE AMENDED BUDGET OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW
CRA"), ATTACHED AND INCORPORATED AS EXHIBIT "A", IN THE AMOUNT OF
$48,708,155.00, FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2016 AND
ENDING SEPTEMBER 30, 2017, AS APPROVED BY THE SEOPW CRA'S BOARD OF
COMMISSIONERS.
WHEREAS, pursuant to Part III, Chapter 163, Florida Statutes, there was created by
action of Miami -Dade County, Florida and the City of Miami, Florida ("City") the Southeast
Overtown/Park West Community Redevelopment Agency ("SEOPW CRA") within the limits of
the City; and
WHEREAS, Article VI, Section 6.1 of the Interlocal Cooperation Agreement, dated
March 1, 2000, between the City, the SEOPW CRA, and the Omni Redevelopment District
Community Redevelopment Agency, as revised and amended, requires that the SEOPW CRA
submit its budget and related amendments, modifications, and alterations of projects to the City
for prior approval; and
WHEREAS, on September 6, 2016, pursuant to Resolution No. 16-0391 attached and
incorporated, the City Commission approved the SEOPW CRA's original Annual General
Operating and Tax Increment Fund Budget in the total amount of $51,006,589.00 (collectively,
"Original Budget") for the Fiscal Year commencing October 1, 2016 and ending September 30,
2017 ("Fiscal Year 2016-2017"); and
WHEREAS, it is necessary to amend the Original Budget to reflect the amount of tax
increment funds actually owed in January 2017 by each taxing authority that contributes to the
SEOPW CRA's Redevelopment Trust for the Fiscal Year 2016-2017; and
WHEREAS, on February 27, 2017, pursuant to CRA Resolution CRA -R-17-0008
attached and incorporated, the SEOPW CRA's Board of Commissioners approved and adopted
the Amended Tax Increment Fund and General Operating Budget in the amount of
$48,708,155.00 (collectively, "Amended Budget") for Fiscal Year 2016-2017 to reflect that tax
increment fund update; and
WHEREAS, the City Commission wishes to accept and approve the SEOPW CRA's
Amended 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
approved by reference and incorporated as if fully set forth in this Section.
Section 2. The Amended Budget of the SEOPW CRA, attached and incorporated as
Exhibit "A", for the Fiscal Year commencing October 1, 2016 and ending September 30, 2017,
as approved by the SEOPW CRA's Board of Commissioners, is accepted and approved.
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, City Attor ey 4!412017
' 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.