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Res. No. 175-07-12560RESOLUTION NO. 175-07-12560 A RESOLUTION OF THE, MAYOR AND CITY COMMISSION OF THE CITY 'OF SOUTH MIAMI APPROVING A BUDGET FOR THE SMCRA AGENCY FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2007 AND ENDING SEPTEMBER 30,2008; AUTHORIZING THE EXPENDITURE OF FUNDS ESTABLISHED BY THE BUDGET; AUTHORIZING THE SMCRA AGENCY TO SUBMIT THE BUDGET TO MIAMI -DADE COUNTY FOR APPROVAL; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the SMCRA is a Community Redevelopment Agency which is a municipality located in South Miami, Miami -Dade County, Florida, created under the City /County Interlocal Cooperation Agreement; and, WHEREAS, a budget workshop on the proposed FY 2007 -2008 Budget was held by the SMCRA on October 1, 2007 at South Miami City Hall, 6130 Sunset Drive, South Miami, Florida 33143; and, WHEREAS, a public hearing on the proposed FY 2007 -2008 Budget was held by the SMCRA on October 8, 2007 at South Miami City Hall, 6130 Sunset Drive, South Miami, Florida 33143; and, WHEREAS, the amount of funds available equals the total appropriations for expenditures and reserves. NOW THEREFORE BE IT RESOLVED BY THE MAYOR A CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA THAT: Section 1. The above recitals are true and correct and are incorporated herein by reference. Section 2. The Budget of the South Miami Community Redevelopment Agency (Attached as Exhibit 1) for the fiscal year beginning October 1, 2007 and ending September 30, 2008, was considered at a public hearing and is approved and adopted. Section 3. The Budget shall be transmitted to Miami -Dade County pursuant, City /County Interlocal Cooperation Agreement for the SMCRA Agency. Section 4. The funds appropriated in the budget may be expended in accordance with the provisions of the budget, the Community Redevelopment Plan, and as authorized by the law. Pg. 2 of Res. No. 175 -07 -12560 PASSED AND ADOPTED this day of October, 2007. ATTEST: n CITY CLERK READ AND APPROVED AS TO FORM: s . Figueredo, Nagin Gallop & Figueredo, P.A. Office of City Attorney MCGRUFFIPLANNINGT R AlBudget Approval Resol FY 2007- 2008.doe APPROVED: MIA YOR I Commission Vote: 4-1 Mayor Feliu: Yea Vice Mayor Wiscombe: Yea Commissioner Palmer: Yea Commissioner Birts: Yea Commissioner Beckman: Nay South Miami To: The Honorable Mayor Feliu and Members of the City Commission Via: Stephen A. David, SMCRA Dirk From: Yvonne S. McKinley, City Manager Date: October 16, 2007 Agenda Item: 7, Subject: Approval of SMCRA Proposed FY 07108 Budget Request: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MAIMI, FLORIDA APPROVING A BUDGET FOR THE SMCRA AGENCY FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2007 AND ENDING SEPTEMBER 30, 2005; AUTHORIZING THE EXPENDITURE OF FUNDS ESTABLISHED BY THE BUDGET; AUTHORIZING THE AGENCY TO SUBMIT THE BUDGET TO MIAIWII -DADS COUNTY FOR APPROVAL; AND PROVIDING FOR AN EFFECTIVE DATE. Reason /Need: On October 1, 2007, the South Miami CRA Board held a budget workshop to discuss the 07/08 SMCRA Proposed Budget. During a subsequent budget hearing held on October 8, 2007, the SMCRA Board approved the proposed budget for the fiscal year beginning October 1, 2007 and ending September 30, 2005. As indicated in Exhibit 1, the proposed budget includes total revenues of $3,258,466 including $1,471,440 in combined city and county tax increment financing revenues, $1,697,526 in "cash carry over" revenue and $89,500 in projected rent and interest revenues. Major areas of funding emphasis in the 07/08 Budget include: • Land Acquisition of required Madison Square Properties and Other Blighted Lots; • Renovation of the SMCRA owned Mobley Building for Office Uses; • Implementation of Designated Infrastructure and Streetscape Improvement Projects; • Implementation of Designated Park Improvement Projects; and • Housing Rehabilitation Grant Assistance Approval of the attached resolution shall authorize the expenditure of funds established by the FY 07108_ Budget and authorize the Agency to submit the budget to Miami -Dade County for approval. Recommendation: Staff recommends approval of the attached resolution authorizing the expenditure of funds established by the SMCRA FY 06107 Budget and authorizing the SMCRA Agency to submit the budget to Miami -Dade County for final approval. Backup Documentation: Draft Resolution FY 07/08 SMCRA Proposed Budget SMCRA 2001 Making our hfeghbarfiacf,l Gr-_at Y tO Lives ft k o�sd Plb - 2007 -2008 PROPOSED EXPENDITURES The total projected revenues for FY 2007 -2008 is $3,258,466. Revenues include $1,471,440 in combined tax increment financing revenues from Miami -Dade County and City of South Miami, $73,000 in projected rent revenues from SMCRA owned properties, $16,500 in interest revenue from interest bearing accounts and $1,697,526 in cash carryover funding from the prior year's $4,859,656 budget. Provided below is a listing of proposed expenditure highlights for the 2007 -2008 Fiscal Year. Infrastructure Funding for infrastructure improvements includes a total allocation of $312,000. Of this amount, $30,000 has been allocated for the completion of Phase TV construction of the 59"' Place Streetscape Improvement Project; $85,000 towards the SW 66t" Street Roadway Improvement Project; $95,000 for the Sunset Drive Improvements and other infrastructure and lighting improvements; $25,000 towards infrastructure feasibility study; and $125,000 for projects identified as part of a proposed infrastructure need assessment. Facilities Maintenance — Mobley Building Funding for facilities maintenance includes a total allocation of $528,025. Of the total funding amount of $500,000 has been allocated towards the completion of the Mobley Building renovation including additional storage space for future pool equipment and improved landscaping throughout the property. The remaining funding is allocated for property liability insurance and building utility costs. Street Beautification: Funding for street beautification includes a total allocation of $23,775. Of the total amount, $7,500 has been allocated for landscape design and $16,275 has been allocated for the installation of pedestrian friendly trees and required irrigation. Economic Development & Job Creation: Funding for economic development and job creation includes a total allocation of $89,500. Of the total amount, $50,000 has been allocated for the Wounded Healers and Apprenticeship Sob Training Programs for projects to be determined by the Agency and $22,500 has been allocated for business start -up assistance for new businesses in the SMCRA area. Commercial Building Rehabilitation: Funding for commercial building rehabilitation includes a total allocation of $31,500. Of the total amount, $30,000 has been allocated for facade improvement grant for four (3) eligible businesses in the CRA District. Residential Rehabilitation: Funding for, residential rehabilitation includes a total allocation of $160,500. Of the total amount, $10,000 has been allocated for multi- family complex owners for complex renovations, $12,500 for five (5) multifamily unit owners to renovate their existing property, $35,000 for five (5) single- family property owners and $100,000 has been allocated for five (5) eligible homeowners to purchase affordable housing in the CRA District. Administrative Expenses: Funding for administrative expenditures includes a total allocation of $290,045. The total allocation for administrative expenditures meets the 20% administrative cap required by Miami -Dade County. Full -time staff positions include one Administrative Assistant, one Community Outreach Coordinator, one Receptionist partially funded by the City of South Miami Planning Department, one Grant Writer shared equally by the CRA and the City of South Miami and one Agency Director. General Fund Transfers: The total funding allocated for general fund transfers is $124,336. Of the total amount, $68,584 has been allocated for one (1) police officer and $55,752 has been allocated for one (1) Code Enforcement Officer for specialized duties within the CRA area. Other Uses /General Contingency: The total funding allocated for other uses and general contingency is $67,000. Of the total amount, $60,000 has been allocated for any unforeseen expenses and or emergency. A total of $7,000 has been allocated for individual Board Member discretionary funds to be used to facilitate other beneficial improvements in the CRA area. Special Redevelopment & Technical Services: The total funding allocated for special redevelopment and technical services is $49,830. Of the total amount, $12,000 has been allocated to employ two part-time interns; $6,000 for projected Bowman Scholarship awards; and $23,830 to fund 50% of the salary of the Community Outreach Coordinator to perform special redevelopment projects. Legal Services: The total funding allocated for legal services for general corporate matters is $50,000. Park Improvements: The total funding allocated for park improvements is $160,000. Of the total amount, $50,000 has been allocated for professional design services for construction of the Murray Park community pool and $110,000 has been allocated for the construction of restrooms and lighting and tennis court improvements at Marshall Williamson Park. Marketing & Public Relations: The total funding allocated for marketing and public relations is $3,000. The total amount has been allocated for professional design services to create a SMCRA accomplishments and future projects report. Land Ac uisition• The total funding allocated for land acquisition is $1,323,291. 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A Miami-Dade County Budget Format FY 2007 -2008 South Miami Community Redevelopment Agency :3<+.». =m«. °a..���«."T ..,..��:.^<..`°�...��.. ".. „`�'"."."'":,» ° ""v8k�«'..m`��om �''°'°W^,«'- «"'""' : �.»«' "'»«.^«°»«^«'e. »�,.�k» »«'°»«^»« «" �".'S.tiG ��a"b.°^»^.": °n.".Y�.�m° �«�.°�e.:X::.�".^: City Tax Increment Revenue °^�m°^EtEA.: • e .«.:.».�4'�Y..C.a�Y.°... ... « ".... «:«^,., ��4%�': 645,320 W, � ° °.."°°^' ". `..3"'°8° .�� . � � Lv� .^..�..:..i:`. °�.j..�> m .m mtl^.°° G°»�.".^- ..`i' ^B� .�, w n"Y°"g.,:«� : :d1.6.. °"'a'".«"`.."- ".^•..^'^" � ""°.°" ..e°,..�.' ;iµ?.G° «'x.'iSa.«." � 6�'"°.°Fm°�® 645,320 831,463 831,463 751,95( Coun ty Tax Increment Revenue 541,804 541,804 740,335 740,335 719,49[ Carryover from prior year 388,800 388,800 253,047 253,047 1,697,52E All other revenues (Rent Revenues) 9,500 9,500 0 0 73,00( Transfers - Finance Bond From Regions Bank - 35,00 2,730,000 2,730,000 C OCED Grant Funding Infrastructure Analysis 294,000 394,000 C Interest earnings 324,000 1 10,8111 8,1481 16,50[ Revenue Total 1,585,424 1 1,585,424 4,859,6561 4,956,9931 3,258,46E �" °.,"..«e «• " °. `�.: ».. Employee salary and fringe (City Budget #36,V,38,39) e.... .�� 201,803 --;: « � ° 1 143,344 1 268,673 «.»�. »: �- 235,718 246,00; Contractual services (City Budget #41,42) 6,180 2,575 6,500 1,667 11,50( Insurance 0 Audits and Studies (City Budget #40) 5,500 5,000 6,000 6,000 6,50( Printing and Publishing (CityBudget #51) 1,000 1,000 1,000 1,000 75( Marketing Advertising and Notices ptyBudget#48) 500 131 50( Travel (City Budget #43) 1,000 70 1,000 916 3,00( Rent/lease costs Office equipment and furniture (City Budget #50,52,54) 7,336 3,609 16,320 13,884 8,50( Other Admin. Exps (Employee Education & Phones City Budget #44,47) 1,500 85 1,500 1,500 2,50( (A ) Subtotal Admin Expenses, % 224,119 155,683 301,493 260,816 279,25: County Administrative Charge at 1.5% (City Budget #55) 8,127 8,127 11,105 11,105 10,79, (B) Subtot Adm Exp & Coun Char a 232,248 163,810 312,598 271,921 290,04; Employee Salary and Fringe (City Budget #66) 40,000 38,975 9,689 3,934 23,83( Contractual Services (CityBudget #11,12,32,66,71,72) 20,000 20,000 61,000 51,814 194,77! Insurance (City Budget #8) 4,000 3,339 19,148 19,148 26,02! Audits and Studies 1 Printing and Publishing (City Budget #4,20,29) 7,500 720 4,500 D 5,501 Marketing (City Budget #74) 3,001 Special Events 25,000 25,000 25,000 25,000 Legal Services /Court Costs (City Budget #7o) 45,000 45,000 50,000 50,000 50,00i Land /Building Acquisitions (City Budget #75-77) 260,000 260,000 3,166,327 2,120,192 1,026,18 Infrastructure Improvements (City Budget #1 -,3, 5,6) 152,500 147,500 150,000 63,069 370,001 Building Construction & Improvements (City Budget #9, f0) 274,000 270,402 324,000 63,461 502,001 Debt Service Payments (City Budget #77) 24,000 24,000 299,474 297,700 297,77 Redevelopment Grants Given Out (City Budget 24,25,27,35) 280,000 123,803 247,500 38,070 260,001 Redevelopment Loans Issued Out Transfers out to others (City Budget #56,57 Police & Code Officers) 123,600 130,000 128,300 128,300 124,331 Other Oper. Expenses (City Budget #68,69) 34,000 20,000 4,000 4,000 18,001 C) Subtotal O er. Expenses 1,289,600 1,108,739 4,488,938 2,864,688 2,901,42 (D) Reserve/Contingency (City Budget #60,61) 63,578 1 59,828 68,120 1 25,521 67,003 Expenditure Total A +B +C +D 1,585,424 1 1,332,3771 4,859,656 1 3,162,130 3,258,46, Cash Position (Rev -Exp) 1 253,047 1 1 1,697,5261 Redevelopment Projects List «-m .,�,g .E�«'S"'"° � "�.s��„,„��'^�.� 'se...;...�a "Y»aC:..""'�„°°re,.:L.^°U "'-.� . °°°°'�° .,° d' fi=r.® '�,° 4«„a.-- .«S.«,�',�°y m- '._._.__.7. 8°°::;..`. e. 3A: iiZ "titi,e°'°m'" °»M"b"'..°.,'.°'Y;i� 6. ,,�•.'�'�'^z^.. :° L `Y ^"9 .�, 17,�.'�»°�,�"' .�°„"F°. Madison Square Mixed -Use Development - Land Acquisition Completion and Issuance of RFP /Q (1 0107 -1108) 3,024,000 750,00 Affordable Housing Development - Land Acquisition of Vacant Properties 0 276,18 Church Street Improvements - Phase IV (10107.9108) 60,000 30,00 SW 66th Streetscape and Infrastructure Improvements - (1 0107 - 9108) 0 85.00 Sunset Streetscape Improvements - (7 0107 - 9108) 0 35,00 Marshall Williamson Park Improvements - Restroom Construction (10/07 - 9108) 90,000 110,00 Infrastructure Analysis 25,000 Mobley Building Renovation Phase If - (1 0107 - 9108) 324,000 500,00 Landscape DesigntStreet Tree Planting - (1 0107 - 9108) 15,000 23,77 Total Project Dollars $1,809,95E RESOLUTION NO. CRA 54 -07 -307 A RESOLUTION OF THE SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY (SMCRA) AGENCY APPROVING A BUDGET FOR THE SMCRA AGENCY FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2007 AND ENDING SEPTEMBER. 30, 2008; AUTHORIZING THE EXPENDITURE OF FUNDS ESTABLISHED BY THE BUDGET; AUTHORIZING THE AGENCY TO SUBMIT THE BUDGET TO MIAMI -DA.DE COUNTY FOR APPROVAL; PROVIDING SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the SMCRA is a Community Redevelopment Agency which is a municipality located in South Mialni, Miami -Dade County, Florida, created under the City /County Interlocal Cooperation Agreement; and, WHEREAS, a public hearing on the proposed FY 2007 -08 Budget was held by the SMCRA on October 1, 2007 at South Miami City Hall, 6130 Sunset Drive, South Miami, Florida 33143; and, WHEREAS, the amount of funds available equals the total appropriations for expenditures and reserves. NOW THEREFORE BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SOUTH MIAMI, FLORIDA THAT: Section 1. The above recitals are true and correct and are incorporated herein by reference. Section 2. The Budget of the South Miami Community Redevelopment Agency (Attached as Exhibit 1) for the fiscal year beginning October 1, 2007 and ending September 30, 2008, was considered at a public hearing and is approved and adopted_ Section 3. The Budget shall be transmitted to Miami -Dade County pursuant, City /County Interlocal Cooperation Agreement for the SMCRA agency. Page 1 of 2 Pg. 2 of Res. No. CRA 54-W07 -307 Section 4. The fiends appropriated in the budget may be expended in accordance with the provisions of the budget, the Community Redevelopment Plan, and as authorized by the law. r PASSED AND ADOPTED this - day of October, 2007. ATTEST: L � r Y SECRETARY READ AND APPROVED AS TO FORM APPROVED: Board Vote: 5-1 Chairperson Feliu: Yea_ Vice Chairperson Wiscombe: Yea Board Member Palmer: Yea Board Member Birts: Absents Board Member Beckman: Nay Board Member R. Williams: Yea Board Member L. Williams: Yea 11MCGRUFFIPLANNINGIC R A1Budget Approval Resol FY 2007- 2008.doe Page 2 of 2