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HomeMy WebLinkAboutAgenda Item Summary FormtTY U7; * It AGENDA ITEM SUMMARY FORM File ID: #2816 Date: 08/11/2017 Requesting Department: Southeast Overtown/Park West CRA Commission Meeting Date: 09/19/2017 District Impacted: District 2, District 5 Type: Resolution Subject: Approve Annual Budget FY '18 - SEOPW CRA Purpose of Item: To approve the proposed budget of the Southeast Overtown/Park West Community Redevelopment Agency for Fiscal Year 2018. Background of Item: It is recommended that the Board of Commissioners of the City of Miami approve the attached Resolution accepting and adopting the proposed budget of the Southeast Overtown/Park West Community Redevelopment Agency for the fiscal year commencing October 1, 2017 and ending September 30, 2018. Budget Impact Analysis Item is Related to Revenue Total Fiscal Impact: N/A Reviewed By Southeast Overtown/Park West CRA Southeast Overtown/Park West CRA Southeast Overtown/Park West CRA and Legal Sufficiency Completed Office of Management and Budget Donovan Dawson Office of Management and Budget Christopher M Rose City Manager's Office Alberto N. Parjus City Manager's Office Daniel J. Alfonso Legislative Division Valentin J Alvarez Office of the City Attorney Xavier Alban Office of the City Attorney Barnaby L. Min Office of the City Attorney Victoria Mendez City Commission Nicole Ewan City Commission Nicole Ewan Office of the Mayor Mayor's Office Office of the City Clerk City Clerk's Office Miguel A Valentin Finance Review Completed Clarence E. Woods Executive Review Completed Renee Jadusingh Approved as to Form 08/22/2017 4:10 PM Budget Analyst Review Completed 08/22/2017 5:13 PM Budget Review Completed 08/23/2017 9:40 AM Assistant City Manager Review Completed 08/23/2017 1:58 PM City Manager Review Completed 08/26/2017 10:23 AM Legislative Division Review Completed 08/28/2017 10:31 AM ACA Review Completed 08/29/2017 9:07 AM Deputy City Attorney Review Completed 08/29/2017 9:52 AM Approved Form and Correctness Completed 08/29/2017 4:22 PM Meeting Completed 09/14/2017 5:05 PM Meeting Completed 09/19/2017 5:05 PM Signed by the Mayor Completed 09/20/2017 3:58 PM Signed and Attested by the City Clerk Completed 09/20/2017 4:07 PM File Number: 2816 City of Miami Legislation Resolution Enactment Number: R-17-0438 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Final Action Date:9/19/2017 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ACCEPTING AND ADOPTING THE ANNUAL GENERAL OPERATING AND TAX INCREMENT FUND BUDGET OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW CRA"), ATTACHED AND INCORPORATED AS EXHIBIT "A", IN THE AMOUNT OF $46,290,074.00, FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2017 AND ENDING SEPTEMBER 30, 2018, AS APPROVED BY THE SEOPW CRA'S BOARD OF COMMISSIONERS. WHEREAS, pursuant to Part III, Chapter 163, Florida Statutes, the Southeast Overtown/Park West Community Redevelopment Agency ("SEOPW CRA") was created within the limits of the City of Miami ("City") by action of Miami -Dade County and the City; and WHEREAS, Article VI, paragraph 6.1 (b) 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 to the City Commission; and WHEREAS, the SEOPW CRA Board of Commissioners approved and adopted the SEOPW CRA's General Operating and Tax Increment Fund Budget ("Budget") for Fiscal Year 2017-2018 on July 31, 2017, pursuant to Resolution No. CRA -R-17-0045; and WHEREAS, the SEOPW CRA requests the acceptance and approval of the Budget for the Fiscal Year commencing October 1, 2017 and ending September 30, 2018 in the amount of $46,290,074.00; 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 SEOPW CRA's Fiscal Year 2017-2018 Budget in the amount of $46,290,074.00, attached and incorporated as Exhibit "A", for the Fiscal Year commencing October 1, 2017 and ending September 30, 2018 is accepted and adopted. Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.' ' 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. APPROVED AS TO FORM AND CORRECTNESS: EJ1 t6 ria ' ndez,ity +r—e'y— 8/2912017