TITLE
RESOLUTION APPROVING AMENDED FISCAL YEAR 2025-26 BUDGET FOR THE MIAMI GARDENS COMMUNITY REDEVELOPMENT AGENCY AND THE MIAMI GARDENS COMMUNITY REDEVELOPMENT AREA TOTALING $13,491,027.00, SUBJECT TO THE NEGOTIATION OF A RIGHT TO USE AGREEMENT FOR THE MIAMI GARDENS PERFORMING ARTS CENTER

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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. Subject to section 3 below, this Board approves the Miami Gardens Community Redevelopment Agency�s (�Agency�) and the Miami Gardens Community Redevelopment Area�s annual adopted budget, as amended, for FY 2025-26 totaling $13,491,027.00, in substantially the form attached hereto as Exhibit 1 and incorporated herein by reference.

Section 3. This Board directs the County Mayor or County Mayor�s designee to negotiate and execute a written agreement with the Agency, or to amend the Interlocal Agreement between the County and the Agency for general obligation bond funds, as may be appropriate, to permit the County a right to use the Agency�s catalyst project, the Miami Gardens Performing Arts Center, also known as the North Dade Cultural Arts Center (hereinafter �Arts Center�), once completed, for a minimum of six official County events per year, at no cost to the County, and with approval for form and legal sufficiency by the County Attorney�s Office. In the event the County Mayor or County Mayor�s designee cannot successfully negotiate an agreement for use of the Arts Center, the County Mayor or County Mayor�s designee shall set forth the reasons in a report that shall be submitted to this Board within 60 days of the effective date of this resolution. The report identified herein shall be placed on an agenda of the full Board without committee review pursuant to rule 5.06(j) of the Board�s Rules of Procedure.

Section 4. In the event the conditions set forth in section 3 of this resolution are not met, then this resolution shall be deemed void.

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Date:


To: Honorable Chairman Anthony Rodriguez
and Members, Board of County Commissioners
From: Daniella Levine Cava
Mayor
Subject: Miami Gardens Community Redevelopment Agency�s FY 2025-26 Budget

STAFF RECOMMENDATION
Executive Summary
As mandated by Section 163.387, Florida Statutes and the Interlocal Cooperation Agreement (interlocal) between Miami-Dade County (County), the City of Miami Gardens (City) and the Miami Gardens Community Redevelopment Agency (Agency) annual budgets and any amendments any amendments to the budget, requires approval from the Board of County Commissioners (Board), as the governing body of all community redevelopment agencies in the County. This item seeks approval of the fiscal year (FY) 2025-26 budget for the Agency and the Miami Gardens Community Redevelopment Area (redevelopment area).

Recommendation
It is recommended the Board adopt the attached resolution approving the Agency�s FY 2025-26 budget for the redevelopment area in the amount of $13,491,027 and approves the Agency�s budget as required by the interlocal. Additionally, Section 163.387, Florida Statutes, requires a community redevelopment agency created by a municipality to submit its annual budgets and amended budgets to the Board within 10 days after the adoption of such budget or amended budget.

Scope
The redevelopment area lies within Commission District 1, which is represented by Commissioner Oliver G. Gilbert, III.

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�s TIF payment into the Agency�s redevelopment trust fund for FY 2025-26 is $2,001,673 and the City�s TIF payment into the trust fund for FY 2025-26 is $3,035,463. As required by the interlocal, 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 2039, when the Agency and the redevelopment area will 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 FY 2025-26 budget.

Background
On March 7, 2017, the Board adopted Resolution No. R-210-17, which established the boundaries of the redevelopment area and declared the redevelopment area to be slum or blighted. On July 10, 2019, the Board approved the establishment of the Agency by adopting the Agency�s community redevelopment plan (plan) and interlocal agreement, through Resolution No. R-709-19. On September 4, 2019, the Board adopted Ordinance No. 19-74 creating the Agency�s trust fund, which funds the activities set forth in the plan.

Fiscal Year 2025-26 Budget
On September 24, 2025, the Agency and the City adopted the Agency�s FY 2025-26 budget of $13,491,027 through Resolution No. CRA-2025-004-023 and Resolution No. 2025-120-2421, respectively. Both resolutions are attached to this memorandum and are incorporated herein by reference (Attachments 1 and 2). The budget includes $2,001,673 in revenue sources of County TIF, $3,035,463 in City TIF, $100,000 in interest, and $8,353,891 of projected carryover funds.

Expenditures total $13,491,027 and include:

� $10,651,409 for the Miami Gardens Performing Arts Center reserves
� $2,000,000 for professional services associated with the Miami Gardens Performing Arts Center
� $500,418 for the Agency�s SMART Plan contribution, totaling 25 percent of the County TIF
� $300,000 for infrastructure improvements
� $30,025 for the County�s administrative charge of 1.5 percent
� $9,175 for operating expenses

All expenditures are detailed in Exhibit 1 to the resolution.

The Agency, the City and their counsel have represented to the County for the purposes of seeking the Board�s approval of the budget, that they have determined that all expenditures associated the budget are allowable under the Agency�s plan, the interlocal agreement, and Chapter 163, Part III, Florida Statutes, and have adopted the budget presented to this Board.

Attachments


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Carladenise Edwards
Chief Administrative Officer