Miami-Dade Legislative Item
File Number: 081499
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File Number: 081499 File Type: Resolution Status: Adopted
Version: 0 Reference: CRA-1-08 Control: Board of County Commissioners
File Name: REDEVELOPMENT AGENCY BUDGET FOR FISCAL YEAR 2007-08 Introduced: 5/9/2008
Requester: Office of Strategic Business Management Cost: Final Action: 5/20/2008
Agenda Date: 5/20/2008 Agenda Item Number: 17A1
Notes: 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
Indexes: NONE
Sponsors: NONE
Sunset Provision: No Effective Date: Expiration Date:
Registered Lobbyist: None Listed


Legislative History

Acting Body Date Agenda Item Action Sent To Due Date Returned Pass/Fail

Board of County Commissioners 5/20/2008 17A1 Adopted P

County Attorney 5/13/2008 Assigned Martin W. Sybblis 5/8/2008

County Manager 5/13/2008 Assigned County Attorney 5/20/2008
REPORT: OSBM

County Manager 5/13/2008 Assigned Jennifer Glazer-Moon 5/9/2008

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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