TITLE
RESOLUTION APPROVING AMENDED FISCAL YEAR 2024-25 BUDGET FOR THE MIAMI GARDENS COMMUNITY REDEVELOPMENT AGENCY AND THE MIAMI GARDENS COMMUNITY REDEVELOPMENT AREA TOTALING $9,039,122.00

BODY
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 Miami Gardens Community Redevelopment Agency�s and the Miami Gardens Community Redevelopment Area�s annual adopted budget, as amended, for FY 2024-25 totaling $9,039,122.00, in substantially the form attached hereto as Exhibit 1 and incorporated herein by reference.

HEADER
Date:

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

From: Daniella Levine Cava
Mayor

Subject: Miami Gardens Community Redevelopment Agency�s Amended FY 2024-25 Budget

STAFF RECOMMENDATION
Executive Summary
As required 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), the Board of County Commissioners (Board), as the governing body of all community redevelopment agencies in the County, is required to approve annual budgets of such community redevelopment agencies, and any amendments to the budgets. This item seeks approval of the amended fiscal year (FY) 2024-25 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 amended FY 2024-25 budget for the redevelopment area in the amount of $9,039,122. The Board must approve 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 2024-25 is $1,262,167 and the City�s TIF payment into the trust fund for FY 2024-25 is $1,447,737. 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 amended FY 2024-25 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 2024-25 Budget
On September 25, 2024, the Agency and the City adopted the Agency�s FY 2024-25 budget of $8,845,188 through Resolution No. 2024-002-018 and Resolution No. CRA-2024-160-2234, respectively. On July 9, 2025, the Agency and the City adopted the Agency�s amended FY 2024-25 budget of $9,039,122 through Resolution No. CRA-2025-003-022 and Resolution No. 2025-081-2383, respectively, to account for an increase in interest earnings, the prior year�s carryover and projected expenses related to the Performing Arts Center. Both resolutions are attached to this memorandum and are incorporated herein by reference (Attachments A and B). The budget includes $1,262,167 in revenue sources of County TIF, $1,447,737 in City TIF, $100,000 in interest, and $6,229,218 of projected carryover funds.

Expenditures total $9,039,122 and include:

� $7,291,329 for the Miami Gardens Performing Arts Center reserves
� $1,404,143 for professional services
� $315,542 for the Agency�s SMART Plan contribution, totaling 25 percent of the County TIF
� $18,933 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 with 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



______________________
Carladenise Edwards
Chief Administrative Officer