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RESOLUTION APPROVING THE BUDGET FOR FISCAL YEAR 2013-14 FOR THE FLORIDA CITY COMMUNITY REDEVELOPMENT AGENCY

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WHEREAS, the Interlocal Cooperation Agreement between Miami-Dade County, Florida (the �County�) and the Florida City 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, the Agency and its counsel have determined that all expenditures associated with the attached budget are allowable under the Redevelopment Plan, Interlocal Agreement and Florida State Statute; and
WHEREAS, this Board desires to approve the Agency�s adopted annual budget for Fiscal Year 2013-14 for the Florida City 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 2013-14 related to the Florida City Community Redevelopment Area in the form attached hereto as Exhibit A.

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Date:

To: Honorable Chairwoman Rebeca Sosa
and Members, Board of County Commissioners

From: Carlos A. Gimenez
Mayor

Subject: FY 2013-14 Budget for the Florida City Community Redevelopment Agency

STAFF RECOMMENDATION
Recommendation
It is recommended that the Board of County Commissioners (Board) consider the attached resolution approving the Florida City Community Redevelopment Agency�s (Agency�s) FY 2013-14 Budget for the Florida City Community Redevelopment Area (Area). The Agency�s Budget includes revenues and expenditures in the amount of $3,249,433.

The Board must approve the budget prior to the Agency expending any funding in the Trust Fund, as required by Section III D of the Interlocal Agreement.

Scope of Agenda Item
The Area lies within Commission District 9, represented by Commissioner Dennis C. Moss.

Fiscal Impact / Funding Source
The Agency�s revenue source is taxing increment financing (TIF), which is generated through the incremental growth of ad valorem revenues beyond an established base year, as defined in Section 163.387 of the Florida State Statutes. The Countywide TIF payment into the Agency�s Trust Fund for FY 2013-14 is $647,598 and the City of Florida City�s (City�s) TIF payment into the Trust Fund is $1,043,481.

The County will continue to make payments to the Agency, based on each year�s growth of ad valorem revenues over the base year through 2025, which is when the Agency will sunset.

Track Record / Monitor
This item does not provide for contracting with any specific entity and only approves the Agency�s FY 2013-14 Budget of $3,249,433.

MANAGER'S BACKGROUND
Background
On June 6, 1995, the Board approved the establishment of the Agency when it approved the Agency�s Redevelopment Plan (Plan) pursuant to Resolution R-795-95 and funding of the Plan when it enacted Ordinance No. 95-108 (Trust Fund). An Interlocal Agreement between Miami-Dade County and the Agency was approved by the Board on April 16, 1996. Subsequently, the Plan and the Interlocal Agreement were amended on July 8, 1997 to allow property acquisition (Ordinance No. 97-132) and on September 23, 2003 to allow Community Policing Programs (Resolution R-1010-03). On June 2, 2009 the Board approved an expansion to the Agency�s boundaries, a revised Plan, and an amendment to the Interlocal Agreement granting the Agency the necessary power to implement the new Plan (Resolutions R-645-09 and R-683-09). The Interlocal Agreement requires the Agency to submit their annual budget for County consideration.

The Agency�s FY 2013-14 budget of $3,249,433 was approved by the Agency on August 13, 2013 and by the City on September 24, 2013. The budget includes revenue sources of County and City TIF $647,598 and $1,043,481, respectively, carryover from prior years ($1,538,354), and $20,000 in interest earnings and other revenues.

Administrative expenditures total $232,226 and represent seven percent of the funds contemplated to be expended, excluding the 1.5 percent County Administrative Charge ($9,714), which satisfies the 20 percent cap in administrative expenditures required by the Interlocal Agreement, as amended by R-1010-03 adopted by the Board on September 23, 2003.

Operating Expenditures total $2,987,876 and include:
* $1,889,728 for infrastructure improvements such as the WNW Neighborhood Streetscape Phase 3 ($1,720,000); Lucy Street Shops Infrastructure Relocation ($125,000); Krome Avenue Pumping Station #2 ($34,728) and Krome Avenue Pumping Station #7 ($10,000);
* $348,000 for contractual services associated with infrastructure and building projects that include architectural, engineering, and survey professionals; realtor and appraisals services to assist in the acquisition of foreclosed and abandoned properties; and a grant writer to assist the Agency in obtaining grants;
* $240,000 for community policing to pay for three police officers that provide patrol services in the Area;
* $200,000 for acquisition of dilapidated housing and vacant lots in the �Snake Pit� area and the Northwest Neighborhood and related costs for demolishing structures;
* $150,000 for redevelopment fa�ade grants to owners of commercial and/or industrial buildings and assistance to new and expanding businesses to relocate into unused commercial spaces;
* $110,148 for other operating expenditures such as employee salary and fringes related to redevelopment projects ($64,648), legal services ($30,000), operating assistance to the non-profit Pioneer Museum for expanded hours that make the Museum more readily available to tourists and local residents ($10,000), property maintenance ($2,500), membership dues ($2,500), and miscellaneous expenses ($500);
* $40,000 for redevelopment loans/grants to businesses in order to incentivize potential tax-generating or job creating proposals; and
* $10,000 for improvements at the Florida Pioneer Museum to provide better and more diverse displays.

The budget also includes a reserve of $19,617.


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Edward Marquez
Deputy Mayor