TITLE
RESOLUTION APPROVING THE BUDGET FOR FISCAL YEAR 2009-10 FOR THE NORTH MIAMI BEACH COMMUNITY REDEVELOPMENT AGENCY

BODY
WHEREAS, the Interlocal Cooperation Agreement between Miami-Dade County, Florida (the �County�) and the North Miami Beach Community Redevelopment Agency (the �Agency�) requires that the Agency transmit its adopted annual budget to the Board of County Commissioners of Miami-Dade County, Florida (the �Board�) for approval; and

WHEREAS, this Board desires to approve the Agency�s adopted annual budget for Fiscal Year 2009-10 for the North Miami Beach Community Redevelopment Area in the form attached hereto as Exhibit A and incorporated herein by reference; 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 COUNTY COMMISSIONERS OF MIAMI-DADE COUNTY, FLORIDA, that:

Section 1.����������� The matters contained in the foregoing recitals are incorporated in this Resolution by reference.

Section 2.����������� This Board approves the Agency�s annual adopted budget for Fiscal Year 2009-10 related to the North Miami Beach Community Redevelopment Area in the form attached hereto as Exhibit A.

�HEADER
Date: May 4, 2010

To: Honorable Chairman Dennis C. Moss and
Members, Board of County Commissioners����� ��

From:�George M. Burgess
County Manager

Subject:� FY 2009-10 Budget for the North Miami Beach Community Redevelopment Agency����

STAFF RECOMMENDATION
It is recommended that the Board of County Commissioners (BCC) adopt the attached resolution approving the North Miami Beach Community Redevelopment Agency�s (CRA�s) FY 2009-10 budget for the North Miami Beach Community Redevelopment Area (the �Area�).� The CRA�s budget includes revenues and expenditures in the amount of $8,962,689.

Scope of Agenda Item
This resolution provides the appropriation of tax increment funds derived from the Area, which lies within Commission Districts 2 and 4.

Fiscal Impact / Funding Source
The CRA�s revenue sources are generated through the incremental growth of ad valorem revenues beyond an established base year, Tax Increment Financing (TIF), as defined in Section 163.387 of the Florida State Statutes.� The Countywide tax increment revenue into the CRA�s Trust Fund for FY 2009-10 is $711,475 and the City of North Miami Beach (City) tax increment revenue payment into the Trust Fund is $1,046,817.

Track Record / Monitor
This resolution does not provide for contracting with any specific entity.� The resolution approves the CRA�s FY 2009-10 Budget.

MANAGER'S BACKGROUND
Background
On June 7, 2005, the BCC approved the establishment of the CRA when it approved the CRA�s Community Redevelopment Plan (Plan) pursuant to Resolution R-611-05 and the funding of the Plan when it enacted Ordinance No. 05-110 (Trust Fund).� An Interlocal Agreement between Miami-Dade County and the North Miami Beach CRA was also approved by the BCC on June 7, 2005.� The Interlocal Agreement requires the CRA to submit for County approval an annual budget for the implementation of the Plan.�

It is recommended that the BCC approve the CRA�s FY 2009-10 budget of $8,962,689 which was approved by the CRA and the City of North Miami Beach on September 22, 2009.� The budget includes revenue sources of County tax increment revenues ($711,475) and City tax increment revenues ($1,046,817), carryover from prior years ($7,022,554 million), and $181,843 in interest earnings.�

Administrative expenditures total $233,395 and represent 13.3 percent of the total tax increment revenues from the County and City ($1,758,292) excluding the 1.5 percent County Administrative Charge ($10,672), satisfying the 20 percent cap in administrative expenditures required by the Interlocal Agreement.�

Operating Expenditures total $8,696,861 and are described as follows:
������������� $5,000,000 for land acquisition projects which may include the purchase of land for recreational use, and a multi-use retail development through a public/private partnership;
������������� $1,992,000 for infrastructure improvements such as the Commercial Fa�ade Improvement Program ($500,000), Snyder Tennis Center Phase II Master Planning ($550,000), Mischon Field Renovation ($492,000), Taylor Park Renovation ($300,000), and the CRA Way finding Signage Program ($150,000);
������������� $624,500 for debt service payments on two loans;
������������� $457,298 for public safety such as the cost of two police officers, equipment, and cars ($372,000), and one code compliance officer ($85,298);
������������� $208,392 for contractual services of professional consultants to implement redevelopment plans programs and strategies such as services for neighborhood economic action strategies and public outreach ($102,000), Fa�ade Improvement Initiative and Pilot Project Implementation ($66,392), and Design of Entry Features / Public Signage ($40,000);
������������� $159,671 for the portion of salaries and fringes associated with the three CRA employees providing direct support to the redevelopment projects;
������������� $85,000 for special events aimed at increasing business volume and residential interest in the redevelopment area such as the Halloween Celebration ($13,000), Snowfest Holiday Celebration ($10,500), Easter Sunday Fun Day ($8,000), City Community Festival ($31,000), Domestic Violence Walk ($7,500), and grants to community organization events ($15,000);
������������� $84,000 for general legal services related to development agreements, oversight of the fa�ade improvement program, and land acquisition initiative;
������������� $60,000 for Hanford Boulevard maintenance services;
������������� $26,000 for other operating expenditures such as printing, publishing, and marketing, and the CRA�s contribution to special events

The CRA budget includes a $21,761 contingency reserve.�

The Tax Increment Financing Coordinating Committee reviewed the CRA�s budget on March 12, 2010 and unanimously recommended it for BCC approval.�


_________________________________
Special Assistant to the County Manager
Attachments