Miami-Dade
Legislative Item File Number: 081499 |
Printable PDF Format Clerk's Official Copy |
File Number: 081499 | File Type: Resolution | Status: Adopted | ||||||
Version: 0 | Reference: CRA-1-08 | Control: Board of County Commissioners | ||||||
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Requester: Office of Strategic Business Management | Cost: | Final Action: 5/20/2008 | ||||||
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Sunset Provision: No | Effective Date: | Expiration Date: |
Registered Lobbyist: | None Listed |
Legislative History |
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Acting Body | Date | Agenda Item | Action | Sent To | Due Date | Returned | Pass/Fail |
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Board of County Commissioners | 5/20/2008 | 17A1 | Adopted | P | |||
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County Attorney | 5/13/2008 | Assigned | Martin W. Sybblis | 5/8/2008 | |||
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County Manager | 5/13/2008 | Assigned | County Attorney | 5/20/2008 | |||
REPORT: | OSBM | ||||||
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County Manager | 5/13/2008 | Assigned | Jennifer Glazer-Moon | 5/9/2008 | |||
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Legislative Text |
TITLE RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE WEST PERRINE COMMUNITY REDEVELOPMENT AGENCY APPROVING THE WEST PERRINE COMMUNITY REDEVELOPMENT AGENCY BUDGET FOR FISCAL YEAR 2007-08 BODY WHEREAS, the Board of Commissioners of the West Perrine Community Redevelopment Agency (the �CRA�) desires to approve the annual budget for Fiscal Year 2007-08 for the West Perrine Community Redevelopment Area in the form attached hereto as Attachment I and incorporated herein by reference; and WHEREAS, the CRA desires to transmit the Fiscal Year 2007-08 budget to the Board of County Commissioners of Miami-Dade County, Florida (the �Board�) for approval; and WHEREAS, this Board desires to accomplish the purpose outlined in the accompanying memorandum, a copy of which is incorporated herein by reference, NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE WEST PERRINE COMMUNITY REDEVELOPMENT AGENCY, that: Section 1. The matters contained in the foregoing recitals are incorporated in this Resolution by reference. Section 2. The CRA approves the annual budget for Fiscal Year 2007-08 related to the West Perrine Community Redevelopment Area in the form attached hereto as Attachment I. HEADER Date: To: Honorable Chairman Bruno A. Barreiro and Members, Board of county Commissioners From: George M. Burgess County Manager Subject: FY 2007-08 Budget for the West Perrine Community Redevelopment Agency STAFF RECOMMENDATION It is recommended that the Board of the West Perrine Community Redevelopment Agency (the �CRA�) adopt the attached resolution approving the West Perrine Community Redevelopment Agency�s FY 2007-08 budget (Attachment I) for the West Perrine Community Redevelopment Area (the �Area�). The CRA�s budget includes revenues and expenditures of $672,258. Scope of Agenda Item This resolution provides the appropriation of tax increment funds derived from the Area. The Area lies within County Commission District 9. Fiscal Impact / Funding Source The CRA�s revenue source is generated through the incremental growth of ad valorem revenues beyond an established base year, as defined in Section 163.387 of Florida State Statutes. Tax increment revenues total $672,258. Track Record / Monitor This resolution does not provide for contracting with any specific entity. The resolution approves the CRA�s FY 2007-08 budget. The Office of Strategic Business Management will monitor the CRA�s budget. MANAGER'S BACKGROUND On June 5, 2007, the BCC approved the establishment of the West Perrine CRA when it approved the Plan pursuant to Resolution R-744-07, the funding of the Plan when it enacted Ordinance 07-79 which created the CRA Trust Fund, and appointed itself as the CRA Board pursuant to Resolution 745-07. In my capacity as Executive Director, I recommend that the CRA approve the CRA�s FY 2007-08 budget of $672,258 and transmit that budget to the BCC for approval. The budget includes revenue sources of Countywide Tax Increment Revenues ($464,972) and Unincorporated Municipal Service Area (UMSA) Tax Increment Revenues ($207,286). Administrative expenditures total $78,291 and represent 12 percent of total tax increment revenues, excluding the 1.5 percent County Administrative Charge ($10,084) and the first of four payments for reimbursement to the County of funds advanced to pay for the Finding of Necessity and the Redevelopment Plan expenses ($22,875). A related item on this agenda recommends certain amendments to the CRA Plan to allow for right-of-way enhancements and community policing strategies. The budget includes operating expenditures totaling $141,175, including $96,000 for right-of-way enhancement, $45,000 for motorized security patrols, and $175 for payment of a Special District fee to the State of Florida. The budget also includes a $419,833 reserve. The Tax Increment Financing Coordinating Committee preliminarily reviewed the CRA�s budget on April 7, 2007 and is scheduled to conduct its final review on May 21, 2008. ________________________ Cynthia W. Curry Senior Advisor to the County Manager |
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