TITLE
RESOLUTION APPROVING THE AMENDED FISCAL YEAR 2024-25 AND 2025-26 BUDGETS FOR THE NORTH BEACH COMMUNITY REDEVELOPMENT AGENCY AND THE NORTH BEACH COMMUNITY REDEVELOPMENT AREA, TOTALING $4,981,000.00 AND $6,035,000.00, RESPECTIVELY

BODY
WHEREAS, the Interlocal Cooperation Agreement between Miami-Dade County, Florida (the �County�), the City of Miami Beach (the �City�), and the Miami Beach Redevelopment Agency (the �Agency�), as well as section 163.387, Florida Statutes, require the Agency to transmit its adopted annual budget and budget amendments to this Board for approval; and

WHEREAS, the Agency, the City, and their counsel have represented to the County for purposes of seeking this Board�s approval of the budget, that they have determined that all expenditures associated with the attached budget are allowable under the Agency�s Community Redevelopment Plan, the Interlocal Cooperation Agreement, and chapter 163, part III, Florida Statutes, and have adopted the budgets presented to this Board; and
WHEREAS, this Board desires to approve the Agency�s amended Fiscal Year 2024-25 and 2025-26 budgets for the North Beach Community Redevelopment Area, totaling $4,981,000.00 and $6,035,000.00, respectively, which are attached hereto as Exhibits 1 and 2 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 and the accompanying memorandum are incorporated in this resolution by reference.

Section 2. This Board approves the North Beach Community Redevelopment Agency�s (�Agency�) and the North Beach Community Redevelopment Area�s (�redevelopment area�) amended Fiscal Year 2024-2025 budget, totaling $4,981,000.00, in substantially the form attached hereto as Exhibit 1 and incorporated herein by reference.

Section 3. This Board approves the Agency�s and redevelopment area�s amended Fiscal Year 2025-2026 budget, totaling $6,035,000.00, in substantially the form attached hereto as Exhibit 2 and incorporated herein by reference.

HEADER
Date:

To: Honorable Chairman Anthony Rodr�guez
and Members, Board of County Commissioners

From: Daniella Levine Cava
Mayor

Subject: North Beach Community Redevelopment Agency�s Amended FY 2024-25 Budget and FY 2025-26 Budget

STAFF RECOMMENDATION
Executive Summary
This item transmits to the Board of County Commissioners (Board) for approval the Amended FY 2024-25 Budget and FY 2025-26 Budget for the North Beach 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 in this memorandum as Attachments A thru J. 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 (Interlocal) with the County, and Chapter 163, Part III, Florida Statutes. The Agency�s final amended FY 2024-25 budget was approved by the Agency on November 20, 2025, through Resolution No. 039-2025 (Attachment E) and by the City through Resolution No. 2025-33953 (Attachment F). Additionally, The Agency�s amended FY 2025-26 budget was approved by the Agency and the City through Resolutions No. 040-2025 (Attachment I) and Resolution No. 2025-33955 (Attachment J), respectively.

Recommendation
It is recommended the Board approve the Agency�s amended FY 2024-25 budget in the amount of $4,981,000 and the amended FY 2025-26 budget in the total amount of $6,035,000 for the redevelopment area.

Scope
The area lies within County Commission District 4, represented by Commissioner Micky Steinberg.

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. 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 2051, when the Agency and the redevelopment area will sunset.

Amended FY 2024-25 Budget
On July 1, 2025, the Board approved the Agency�s Fiscal Year 2024-25 budget and first budget amendment, as part of Resolution No. R-660-25. Subsequently, the Agency and the City approved the second, third and fourth amendments to the FY 2024-25 budget. The second amendment was approved on May 21, 2025, through Resolution No. 029-2025 (Attachment A) and Resolution No. 2025-33684 (Attachment B). The amendment realigned $1.5 million of appropriated CRA operating budget to the CRA capital budget. The third amendment was approved on September 3, 2025, through Resolution No. 037-2025 (Attachment C) and Resolution No. 2025-33888 (Attachment D). The third amendment realigned $100,000 of appropriated CRA operating budget to the CRA capital budget.

The fourth amendment was approved on November 20, 2025, through Resolution No. 039-2025 (Attachment E) and Resolution No. 2025-33953 (Attachment F). The fourth amendment includes the prior year carryover revenue in the amount of $2,954,000. The carryover is comprised of $2,808,000 of unspent appropriations and $146,000 in additional interest income, which are set aside for projects and programs that were budgeted in FY 2024-25 that have not been completed and carried forward and appropriated in the respective FY 2025-26 redevelopment area budget.

Fiscal Year 2025-26 Budget
On September 30, 2025, the Agency�s FY 2025-26 budget of $3,081,000 was approved by the Agency through Resolution No. 038-2025 (Attachment G), and by the City through Resolution No. 2025-33949 (Attachment H). The budget included $1,322,000 in County TIF, $1,693,000 in City TIF and $66,000 in projected interest.

However, the adopted budget did not include end of FY 2024-25 projected expenditures and carryover revenue information. Therefore, on November 20, 2025, the Agency and the City approved the first amendment to the FY 2025-26 budget for appropriate carryover funds totaling $2,954,000 through Resolution No. 040-2025 (Attachment I) and Resolution No. 2025-33955 (Attachment J), respectively.

The Agency�s FY 2025-26 amended budget totaling $6,035,000 includes $1,322,000 in County TIF, $1,693,000 in City TIF, $66,000 in projected interest and $2,954,000 in fund balance/prior year surplus.

Administrative expenditures for the Agency�s operations total $118,000 and represent two percent of total budgeted expenditures which include a satellite office within the redevelopment area ($5,000); administrative-related costs for personnel ($18,000); supplies, inspector general, training, and travel ($19,000); external audit services ($33,000); and the City Administrative Charge ($43,000), which is based on a cost allocation study. Administrative expenses exclude the 1.5 percent County Administrative Charge ($20,000).

Operating expenditures total $3,724,000 and are broken down as follows:

� $2,230,000 for workforce and affordable housing, which exceeds the 10 percent of the combined tax increment revenue amount for the year as required by the Interlocal ($302,000);
� $654,000 for enhanced levels of staffing and services throughout the redevelopment area, including:
o community policing ($290,000)
o code compliance initiatives ($182,000)
o community cleanliness and beautification ($182,000);
� $301,000 for a Commercial Fa�ade and Residential Property Improvement Program to improve aesthetics and promote business attraction and retention and to promote the maintenance of affordable housing stock and promote resiliency;
� $297,000 for small business development, including a strategic plan to focus short-term efforts and initiatives; and
� $242,000 for Arts & Culture related tourism, branding, and marketing.

The Agency�s budget also includes a contingency of $2,173,000 for future projects.

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. It approves the Agency�s and the redevelopment area�s amended FY 2024-25 budget, and the FY 2025-26 budget and budget amendments, totaling $4,981,000 and $6,035,000, respectively as detailed in Exhibits 1 and 2 to the resolution.

Background
On July 8, 2020, the Board adopted Resolution No. R-619-20, which, among other things, (i) established the boundaries of the redevelopment area and declared the redevelopment area to be slum or blighted within the meaning of Part III of Chapter 163, Florida Statutes (�Act�) and (ii) delegated to the City the power to create the Agency, pursuant to the Act. On July 20, 2021, the Board adopted Resolution No. R-696-21 which, among other things, approved the Plan and the Interlocal among the County, the City and Agency; and Ordinance No. 21-70 created the trust fund for the redevelopment area. The Interlocal requires that upon approval by the Agency and the City Commission, the Agency submit an annual budget to the County for approval.

Attachments


_____________________
Carladenise Edwards
Chief Administrative Officer