TITLE
RESOLUTION APPROVING THE AMENDED FISCAL YEAR 2023-2024 AND AMENDED FISCAL YEAR 2024-2025 BUDGETS FOR THE OPA-LOCKA COMMUNITY REDEVELOPMENT AGENCY AND THE OPA-LOCKA COMMUNITY REDEVELOPMENT AREA TOTALING $7,013,081.00 AND $7,392,025.00, RESPECTIVELY

BODY
WHEREAS, the Interlocal Cooperation Agreement (�interlocal�) between Miami-Dade County, Florida (�County�), the City of Opa-Locka (�City�), and the Opa-Locka Community Redevelopment Agency (�Agency�) and section 163.387, Florida Statutes, require that the Agency transmit its adopted annual budget to this 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 Chapter 163, Part III, Florida Statutes; and

WHEREAS, this Board desires to approve the Agency�s amended Fiscal Year 2023-2024, and amended Fiscal Year 2024-2025 budgets for the Opa-Locka Community Redevelopment Area, totaling $7,013,081.00 and $7,392,025.00, respectively; 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 amended Fiscal Year 2023-2024 and amended Fiscal Year 2024-2025 budgets for the Opa-Locka Community Redevelopment Agency and the Opa-Locka Community Redevelopment Area in the amounts of $7,013,081.00 and $7,392,025.00, respectively, which are attached hereto as Exhibits �1� and �2�, and incorporated herein by reference.

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Date:

To: Honorable Chairman Anthony Rodriguez
and Members, Board of County Commissioners

From: Daniella Levine Cava
Mayor

Subject: Opa-Locka Community Redevelopment Agency�s Amended FY 2023-24 and Amended FY 2024-25 Budgets for the Opa-Locka Community Redevelopment Area

STAFF RECOMMENDATION
Executive Summary
This item transmits to the Board of County Commissioners (Board) for approval the Amended FY 2023-24 Budget and Amended FY 2024-25 Budget for the Opa Locka Community Redevelopment Agency (Agency). Pursuant to Section 163.387, Florida Statutes, the Board is the governing body of all community redevelopment agencies (CRAs) in Miami-Dade County and all annual CRA budgets and budget amendments are submitted to the Board for approval. A summary of the Agency�s budget is provided as Exhibits 1 and 2 attached to the accompanying Resolution. The Agency and its counsel have determined that all expenditures associated with its budgets are allowable under the Agency�s Redevelopment Plan, the Interlocal Cooperation Agreement with the County, and Chapter 163, Part III, Florida Statutes. The Agency�s amended FY 2023-24 budget was approved on July 9, 2024, through Resolution No. R-24-15 (Exhibit 1). Additionally, the Agency�s amended FY 2024-25 budget was approved through Resolution R-25-34 (Exhibit 2).

Recommendation
It is recommended that the Board approve the Agency�s amended FY 2023-24 budget in the total amount of $7,013,081 and the amended FY2024-25 budget in the total amount $7,392,025 for the redevelopment area.

Scope of Agenda Item
The area lies within County Commission Districts 1 and 2, represented by Commissioner Oliver G. Gilbert, III and Commissioner Marleine Bastien, respectively.

Fiscal Impact/Funding Source
The Agency�s revenue source is tax 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, Florida Statutes.

Amended Fiscal Year 2023-24 Budget
The Agency�s amended budget of $7,013,081 was approved by the Agency through Resolution No. R-24-15 on July 9, 2024; however, submission to the County for processing was delayed by the Agency to incorporate updated financial information to ensure accuracy. The Agency�s resolution is attached to the accompanying Resolution as Exhibit 1 and incorporated herein by reference. The amended budget includes $736,756 in revenue sources of County TIF, $1,512,442 in City TIF, $4,713,883 in carryover from prior years, and $50,000 in miscellaneous revenue.

Administrative expenditures total $108,739, inclusive of the County�s administrative fee of $19,489 and includes $31,250 for other administrative expenses, $50,000 for accounting and audits, $6,000 for advertising and notices and $2,000 for local travel.

Operating expenditures total $2,242,949 and include:
� Commercial grants - $1,000,000
� Professional services - $310,057
� Micro business grants - $250,000

� Other contracted services - $154,329
� Home improvement assistance grants - $150,000
� Employee salary & fringe - $96,563
� Home ownership and rental assistance - $90,000
� Legal services/court costs - $85,000
� Marketing & promotional services - $80,000
� Out-of-town travel - $12,000
� Education, conferences, and meetings - $10,000
� Printing/binding - $5,000

Capital projects total $4,586,392 and include:
� Capital Infrastructure grants - $3,336,392
� Development assistance - $800,000
� Housing initiatives - $250,000
� Art-in-Public Places - $200,000

The budget also includes a reserve of $75,000.

Amended Fiscal Year 2024-25 Budget
The Agency�s amended FY 2024-25 budget of $7,392,025 was approved by the Agency on January 22, 2025, through Resolution No. 25-34 and recently submitted to the County for processing. The resolution is attached to the accompanying Resolution as Exhibit 2 and incorporated herein by reference. The amended budget includes $898,252 in revenue sources of County TIF, $1,774,382 in City TIF, $4,569,391 in carryover from the prior years and $150,000 in interest earnings.

Administrative expenditures total $109,699, inclusive of the County�s administrative fee of $13,474 and include $38,225 for other administrative expenses, $50,000 for accounting and audits, $6,000 for advertising and notices and $2,000 for local travel.

Operating expenditures total $1,900,000 and include:
� Commercial grants $800,000
� Home improvement assistance - $250,000
� Other contracted services - $234,000
� Professional services - $351,000
� Micro business grants - $150,000
� Legal services/court costs - $85,000
� Out-of-town travel - $15,000
� Printing, binding, and education - $10,000
� Conferences and meetings - $5,000

Capital Projects � $5,332,326
� Building purchase - $5,118,326
� Green projects initiatives - $150,000
� Titus Butterfly Park - $60,000
� Capital and Streetscapes maintenance - $4,000

The budget also includes a reserve of $50,000.

The County will continue to make annual payments to the Agency and the redevelopment area, based on each respective year�s growth of ad valorem revenues over the base year, through 2033 when the Agency and the redevelopment area are scheduled to sunset.
Delegation of Authority
This item does not delegate any authority to the County Mayor or County Mayor�s designee.

Track Record / Monitor
This item does not provide for contracting with any specific entity. The resolution approves the Agency�s and the redevelopment area�s amended FY 2023-24 and FY 2024-25 budgets.

Background
On October 1, 2013, the Board adopted Resolution No. R-795-13 which approved the creation of the Agency, adopted the Agency�s plan and approved the interlocal agreement between the County, the City and the Agency. The Board funded the plan when it adopted Ordinance No. 13-94, which established the Agency�s trust fund. The interlocal, which was executed on December 4, 2013, requires the Agency to submit its annual budget for review and approval by the Board.




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Carladenise Edwards
Chief Administrative Officer