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Res No 020-20-15460RESOLUTION NO. 020-20-1 5460 A Resolution authorizing the City Manager for the City of South Miami and in conjunction with Miami -Dade County to move forward with the necessary agreements to transition all South Miami Community Redevelopment Agency assets. WHEREAS, on February 4, 2020, the City of South Miami Commission voted against the approval of the proposed South Miami Community Redevelopment Agency (Agency) Interlocal Agreement and as a result the Agency will sunset on May 31, 2020; and, WHEREAS, once the Agency sunsets on May 31, 2020, the City will complete a fund transfer for remaining Agency budgeted line -item balances appropriated, to the City's General Fund to accomplish the Agency's priorities for the fiscal year; and, WHEREAS, the remaining fund balance, should any exist, will be distributed to each taxing authority, City of South Miami (48%) and Miami -Dade County (52%), which represents the percentage in which TIF revenues were contributed for fiscal year 2019- 2020; and, WHEREAS, beginning June 1, 2020, the City will begin administering the monies allocated to the South Miami Community Redevelopment Agency for fiscal year 2019- 2020. NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA THAT; Section 1. The foregoing recitals are hereby ratified and confirmed as being true and correct and are hereby made a specific part of this Resolution upon adoption hereof. Section 2. The City Manager is hereby authorized to execute an interlocal agreement, or any other such agreement with Miami -Dade County which may be necessary to provide the required ministerial and perfunctory actions to accomplish the orderly and smooth transfer of funds and property of the Agency, to pay the Agency's debts, resolve the Agency's obligations and to transfer all remaining assets of the Agency to the City. Section 3. Corrections. Conforming language or technical scrivener -type corrections may be made by the City Attorney for any conforming amendments to be incorporated into the final resolution for signature. Section 4. Severability. If any section clause, sentence, or phrase of this resolution is for any reason held invalid or unconstitutional by a court of competent jurisdiction, the holding shall not affect the validity of the remaining portions of this resolution. Page 1 of 2 Resolution No. 020-20-15460 Section 5. Effective Date. This resolution shall become effective immediately upon adoption. PASSED AND ADOPTED this 18`h day of February. 2020. ATTEST: APPROVED: CITY CL RK MAYOR READ ANp-APPROVED AS TO FORM, E, ER COMMISSION VOTE: 4-1 Mayor Philips: Yea Vice Mayor Welsh: Yea Commissioner Harris: Nay Commissioner Liebman: Yea Commissioner Gil: Yea Page 2 of 2 Agenda Rem NoA. City Commission Agenda Item Report Meeting Date: February 18, 2020 Submitted by: Michelle Caloca Submitting Department: Finance Department Rem Type: Resolution Agenda Section: Subject: A Resolution authorizing the City of South Miami in conjunction with Miami -Dade County to move forward with the necessary agreements to transition all South Miami Community Redevelopment Agency assets. 3/5 (City Manager -Finance Dept.) Suggested Action: Attachments: Memo- Resolution Sunseting the CRA FINAL.docx Resolution—Su nseting_the_CRA-CArev(2).docx Res. No 141-99-10765- SMCRA Creation. pdf Res. No. 090-06-12231- Extending the CRA.pdf CRA ASSETS 20200130_Duff&Phelps.pdf f eM South iami THE CITY OF PLEASANT LIVING CITY OF SOUTH MIAMI OFFICE OF THE CITY MANAGER INTER -OFFICE MEMORANDUM To: The Honorable Mayor, Vice Mayor and Members of the City Commission From: Steven Alexander, City Manager Date: February 18, 2020 Request: A Resolution authorizing the City of South Miami in conjunction with Miami - Dade County to move forward with the necessary agreements to transition all South Miami Community Redevelopment Agency assets. Background The City Commission adopted Resolution 141-99-10765 creating the South Miami Community Redevelopment Agency and adopted Resolution 090-06-12231 extending the South Miami Community Redevelopment Agency till June 1, 2020. In coordination with Miami -Dade County to provide for a proper and efficient transition of the assets and responsibilities of this Agency back into the City, the County is requesting that the City adopt a resolution providing the City's intent. It is important that the resolution be adopted at the earliest possible time to allow the City and County to collectively work together on a smooth and efficient transfer of SMCRA resources, activities and responsibilities after May 31, 2020. Proposed Resolution On February 4, 2020, the City of South Miami Commission voted to not extend the term of the South Miami Community Redevelopment Agency, as a result the Agency will sunset on May 31, 2020. Once the Agency sunsets on May 31, 2020, the City will complete a fund transfer for remaining Agency budgeted line -item balances appropriated, to the City's General Fund to accomplish the Agency's priorities for the fiscal year. The remaining fund balance, should any exist, will be distributed to each taxing authority, City of South Miami (48%) and Miami -Dade County (52%), which represents the percentage in which TIF revenues were contributed for fiscal year 2019- 2020. Beginning June 1, 2020, the City will begin administering the monies allocated to the South Miami Community Redevelopment Agency for fiscal year 2019-2020. All properties currently owned by the South Miami Community Redevelopment Agency (SMCRA) will be transferred on June 1, 2020 to the City and it will be the responsibility of the City to maintain and manage the transferred properties moving forward. It is important to note, that the properties currently owned by the South Miami Community Redevelopment Agency have no debt and were not acquired using any known grant funding, hence the properties are free from any continuing restrictions and/or obligations other than any deed restrictions placed on individual properties. Currently, the South Miami Community Redevelopment Agency has employs three Individuals. All personnel will be able to continue to receive their respective salaries and benefits until the sunset date. Recommendation Approve the attached Resolution that enables the City and the South Miami Community Redevelopment Agency, in conjunction with Miami -Dade County to move forward with the necessary agreements required as a result of the South Miami Community Redevelopment Agency sunset. The Resolution provides the City Manager with the authority to execute an interlocal agreement or any other such agreement necessary to provide the required perfunctory actions with Miami -Dade County to accomplish the above actions. Attachments — Proposed Resolution — Resolution 141-99-10765 — Resolution 090-06-12231 — Fixed Asset Accounting Ledger of CRA Assets M RESOLUTION NO. 141-99-10765 A RESOLUTION OF THE CITY OF SOUTH MIAMI MAYOR AND COMMISSION, RELATING TO INTERLOCAL AGREEMENT BETWEEN MIAMI-DADE COUNTY AND CITY OF SOUTH MIAMI AND SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY, AUTHORIZING EXECUTION BY CITY MANAGER OF INTERLOCAL COOPERATION AGREEMENT. WHEREAS, the City of South Miami's Community Redevelopment Agency has been created and approved by the Mayor and City Commission, and approved by the Miami -Dade County Board of County Commissioners in accordance with Chapter 163, Part III, Florida Statutes; and WHEREAS, all powers arising through the Act are conferred upon counties with home rule charters, which counties in turn are authorized to delegate the exercise of such powers within the boundaries of a municipality to the governing body of such municipality; and WHEREAS, the City Commission, pursuant to Ordinance No. 12-97-1633 enacted on April 15, 1997, accepted a delegation of powers from the Miami -Dade County Board of Commissioners, found a need for and created the City of South Miami Community Redevelopment Agency, declared members of the City Commission to be the members of the Agency, granted the Agency the power to exercise all powers permitted by the Act which were delegated by the Board to the Agency, and directed the initiation, preparation and adoption of a community redevelopment plan by the Agency; and WHEREAS, the Miami -Dade Board of Commissioners, pursuant to Ordinance No. 98-79 and Ordinance 98-80, enacted by the Board on May 19, 1998, approved and adopted the South Miami Community Redevelopment Plan, and approved the creation of a community redevelopment trust fund; and WHEREAS, it is essential that the City, the Agency and the County execute an Interlocal Cooperation Agreement to formalize the delegation and acceptance of powers conferred, along with conditions relating to those powers. NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND COMMISSION OF THE CITY OF SOUTH MIAMI: Section 1. The Mayor and Commission hereby approves and authorizes execution by City Manager of the Interlocal Cooperation Agreement between the City of South Miami, the Community Redevelopment Agency and the County in substantially the form attached to this Resolution as Exhibit A and incorporated herein by this reference (the "Interlocal Agreement"). L f Page 2 of Resolution No. 141-99-10765 Section 2. This resolution shall take effect immediately upon approval. PASSED AND ADOPTED this 28 day of June , 1999. ATT T: CITY CLERK READ AND APPROVED AS TO FORM: J��A NEY APPROVED: Aw .J i. COMMISSION VOTE: Mayor Robbina: Vice Mayor Ol i veros-: Commissioner Felil Commissioner Bethel: Commissioner Russell: 4-0 Yea Yea nijt of tnwn Yea Yea VA CITY OF SOUTH MIAMI INTER -OFFICE MEMORANDUM To: MayVndCormrmissioners From ha City Manager Date: June 7, 1999 Agenda Item # Subject: Comm. Mtg. June , 1999 Interlocal Cooperation Agreement The County staff has completed the final draft of the Interlocal Cooperation Agreement pertaining to the South Miami Community Redevelopment Agency. They would like to place this item on the County Commission agenda for first reading on July 13, and for second reading and adoption on July 27, 1999. It is necessary for the City Commission to approve the agreement before it can be placed on the County Commission agenda. This document has been reviewed and revised numerous times during the past 10 months. Each revision has been provided to the CRA Board and the City Commission, as well as interested citizens. The attached document is the final draft and will be the document that formalizes the powers and conditions relating to the Community Redevelopment Agency. This is a very important document and should be reviewed and understood thoroughly. Although it would be desirable to approve in time to place it on the County July 13 County agenda for first reading, and July 27"hsecond reading, we do have the month of September to finalize these steps. It is my understanding that the County Commission takes a summer break the month of August. It is important to finalize the adoption of the Interlocal Agreement before October 1, but it is also important for you to have time to ask any questions you may have regarding the conditions contained in the agreement. The City Commission may wish to conduct a workshop on this matter prior to final approval. :, TO: FROM: MEMORANDUM Honorable Chairperson and Members Board of County Commissioners .M. R. Stierheim County Manager RECOMMENDATION DATE: SUBJECT: Interlocal Cooperation Agreement between City of South Miami and Miami -Dade County It is recommended that the Board approve the attached interlocal agreement between the City of South Miami (the "City"), the South Miami Community Redevelopment Agency (the "Agency") and Miami -Dade County, Florida (the "County") which establishes the terms and conditions, including the delegation of eminent domain powers, for the implementation of the South :Miami Community Redevelopment Area (the "Redevelopment Area'). This agreement is necessary in order for the City of South Miami to proceed with the redevelopment of the project area. BACKGROUND Pursuant to Ordinance No. 98-79 and Ordinance No. 98-80 the Board of County Commissioners of Miami -Dade County, Florida (the "Board") approved a Plan and the appropriation of funds to the South Miami Community Redevelopment and Revitalization Trust Fund (the "Fund") for the Redevelopment Area. Although the project area is entirely within the corporate limits of the City of South Miami, the City of South Miami Commission (the "City Commission") or the Agency as the case may be, cannot exercise redevelopment powers over the project area unless the Board, pursuant to Section 163.357 and Section 163.410, Florida Statutes, delegates the exercise of these powers to the City Commission which in turn delegates certain powers to the Agency. The terms and conditions of such delegation is formalized through the attached Interlocal Cooperation Agreement. Essentially the attached agreement delegates all redevelopment powers, under the Florida Statutes, with the exception of the powers that continue to vest in the Board and cannot be delegated pursuant to Section 163.358, Florida Statutes. The interlocal provides as follows: • Administrative expenses are capped at 10%. • Annual budgets for the Redevelopment Area shall be approved by the Board, prior to the expenditure of funds by the Agency for such year. �01 Honorable Chairperson and Members Board of County Commissioners Page -2- • Prior approval by the Board is required for any bond issue. • Amendments to the Plan shall be approved by the Board. Redevelopment powers delegated to the Commission can only be exercised with respect to the Plan. • Annual Progress Reports are to be submitted to OCED. • The County and the City's contributions respectively to the Fund are limited to 50% of the ad valorem tax increment within the Redevelopment Area. • The City will identify social and educational projects and provide funding for those projects through the City's General Fund. • The Agency will pursue construction of multi -unit residential projects within the Redevelopment Area. replace unit for unit any housing stocks removed from the Redevelopment Area other than residential, and ensure that any required relocation to the extent possible will be within the Redevelopment Area. • The Agency will cause an independent audit by a certified public accounting firm to be prepared on an annual basis and forwarded to the Board, within 30 days of completion. • The Agencv will have the power of eminent domain. However, this power can be exercised upon those parcels of land listed in Appendix B of the Plan and cannot be exercised if the effect is a reduction in the pool of housing. The delegation of eminent domain power shall be effective for a five year period commencing on the date of the execution of this agreement. The Aaenc%, will give the County 30 days written notice prior to the exercise of this power. • The plan is for a five year duration. Six months prior to expiration of the plan the City has to submit to the Board a supplement to the plan for the second phase of development. • Language will be included in any loan agreement, contracts etc., entered with any business involved in the redevelopment effort which states that any new jobs created shall be awarded so that such group of employees are an ethnically and racially diverse group, in accordance with applicable law. • The City is required to encourage the participation of and utilize minority businesses, specifically with respect to bond counsel, underwriter's counsel and underwriting services, in the development of the Redevelopment Area. • The County will have the right to attend all public meetings and inspect the projects being developed 10 Approved Mavor Agenda Item No. Veto • ' Override ORDINANCE NO. ORDINANCE REGARDING REDEVELOPMENT OF SOUTH MIAMI COMMUNITY REDEVELOPMENT AREA DESCRIBED GENERALLY AS BOUNDED BY S.W. 62ND AVENUE ON WEST, S.W. 62ND STREET ON NORTH, S.W. 57TH AVENUE ON EAST AND S.W. 72ND STREET ON SOUTH; APPROVING AND AUTHORIZING EXECUTION BY COUNTY MANAGER OF INTERLOCAL COOPERATION AGREEMENT BETWEEN MIAMI-DADE COUNTY, FLORIDA, SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY AND CITY OF SOUTH MIAMI FOR REDEVELOPMENT OF SAID AREA: AUTHORIZING EXERCISE OF EMINENT DOMAIN POWER BY COMMUNITY REDEVELOPMENT AGENCY WITHIN SAID GEOGRAPHIC AREA SUBJECT TO CERTAIN LIMITATIONS; PROVIDING SEVERABILITY, INCLUSION IN THE CODE, AND EFFECTIVE DATE WHEREAS. the Legislature of the State of Florida enacted the Community Redevelopment Act during its 1969 Legislative Session, which enactment is presently codified in the Florida Statutes as Part III of Chapter 163, Sections 163.330 through 163.450 (the "Act"); and WHEREAS, all powers arising through the Act are conferred upon counties with home rule charters, which counties in turn are authorized to delegate the exercise of such powers within the boundaries of a municipality to the governing body of such municipality; and 11 Agenda Item No. Page 2 WHEREAS, such authorization for counties to delegate such powers to municipalities is contained in Section 163.410, Florida Statutes, which states: and In any county which has adopted a home rule charter, the powers conferred by this part shall be exercised exclusively by the governing body of such county. However, the governing body of any such county which has adopted a home rule charter may, in its discretion, by resolution delegate the exercise of the powers conferred upon the county by this part within the boundaries of a municipality to the governing body of such a municipality. Such a delegation to a municipality shall confer only such powers upon a municipality as shall be specifically enumerated in the delegating resolution. Any power not specifically delegated shall be reserved exclusively to the governing body of the County. This section does not affect any community redevelopment agency created by a municipality prior to the adoption of a county home rule charter: WHEREAS, by Resolution No. R-1374-96 adopted by the Board of County Commissioners of Miami -Dade County, Florida (the "Board") on December 3, 1996, the County has, among other things, delegated certain powers conferred on the Board by the Act to the City Commission of the City of South Miami (the "City Commission"), such as the power to redevelop portions of the City of South Miami, Florida (the "City") and to prepare a community redevelopment plan for the project area commonly called the South Miami Community Redevelopment Area and described generally as bounded by S.W. 62nd Avenue on the West, S.W. 62nd Street on the North, S.W. 57th Avenue on the East and S.W. 72nd Street on the South (the "Redevelopment Area") and to establish a community redevelopment agency; and 12 Agenda Item No. Page 3 WHEREAS, the City Commission, pursuant to Ordinance No. 12-97-1633 enacted on April 15, 1997, accepted a delegation of powers from the Board, found a need for and created the City of South Miami Community Redevelopment Agency (the "Agency"), declared the members of the City Commission to be the members of the Agency, granted the Agency the power to exercise all powers permitted by the Act which were delegated by the Board to the Agency .and directed the initiation, preparation and adoption of a community redevelopment plan by the Agency: and WHEREAS. pursuant to Ordinance No. 98-79 enacted by the Board on May 19, 1998, the County has, among other things, approved and adopted the South Miami Community Redevelopment Plan (the "Plan") to enable the City to undertake redevelopment of the Redevelopment Area; and WHEREAS, pursuant to Ordinance No. 98-80 enacted by the Board on May 19, 1998, the Board has approved the creation of a community redevelopment trust fund. known as the South Miami Community Redevelopment and Revitalization Trust Fund (the "Fund")and has provided for the calculation and appropriation of tax increment funds into such Fund; and WHEREAS, the boundaries identified for the Redevelopment Area are within the corporate limits of the City; and 13 Agenda Item No. Page 4 WHEREAS, the Board wishes to confer specific redevelopment powers on the City Conunission or the Agency, as the case may be, including the power of eminent domain, subject to certain restrictions; and WHEREAS, the Board wishes to formalize the delegation of these powers through an interlocal cooporation agreement between the County, the Agency and the City; and WHEREAS. this Board desires to accomplish the purposes outlined in the accompanying memorandum. a copy of which is incorporated herein by reference. BE IT ORDAINED BY THE BOARD OF COUNTY COMMISSIONERS OF MIAMI-DADE COUNTY, FLORIDA. that: Section I.. The foregoing recitations are deemed true and correct and are hereby incorporated as a part of this Ordinance. Section 2. This Board hereby approves and authorizes execution by the County Manaeer of the Interlocal Cooperation A�-greement between the County, the Agency and the City in substantially the form attached to this ordinance as Exhibit A and incorporated herein by this reference (the "Interlocal Agreement"). 14 RESOLUTION NO. A RESOLUTION OF THE CITY OF SOUTH MIAMI MAYOR AND COMMISSION, RELATING TO INTERLOCAL AGREEMENT BETWEEN MIAMI-DADE COUNTY AND CITY OF SOUTH MIAMI AND SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY, AUTHORIZING EXECUTION BY CITY MANAGER OF INTERLOCAL COOPERATION AGREEMENT. WHEREAS, the City of South Miami's Community Redevelopment Agency has been created and approved by the Mayor and City Commission, and approved by the Miami -Dade County Board of County Commissioners in accordance with Chapter 163, Part ill, Florida Statutes; and WHEREAS, all powers arising through the Act are conferred upon counties with home rule charters, which counties in turn are authorized to delegate the exercise of such powers within the boundaries of a municipality to the governing body of such municipality; and WHEREAS, the City Commission, pursuant to Ordinance No. 12-97-1633 enacted on April 15, 1997, accepted a delegation of powers from the Miami -Dade County Board of Commissioners, found a need for and created the City of South Miami Community Redevelopment Agency, declared members of the City Commission to be the members of the Agency, granted the Agency the power to exercise all powers permitted by the Act which were delegated by the Board to the Agency, and directed the initiation, preparation and adoption of a community redevelopment plan by the Agency; and WHEREAS, the Miami -Dade Board of Commissioners, pursuant to Ordinance No. 98-79 and Ordinance 98-80, enacted by the Board on May 19, 1998, approved and adopted the South Miami Community Redevelopment Plan, and approved the creation of a community redevelopment trust fund; and WHEREAS, it is essential that the City, the Agency and the County execute an Interlocal Cooperation Agreement to formalize the delegation and acceptance of powers conferred, along with conditions relating to those powers. NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND COMMISSION OF THE CITY OF SOUTH MIAMI: Section 1. The Mayor and Commission hereby approves and authorizes execution by City Manager of the Interlocal Cooperation Agreement between the City of South Miami, the Community Redevelopment Agency and the County in substantially the form attached to this Resolution as Exhibit A and incorporated herein by this reference (the "Interlocal Agreement"). 15 Section 2. This resolution shall take effect immediately upon approval. PASSED AND ADOPTED this day of 01999. ATTEST: APPROVED: CITY CLERK READ AND APPROVED AS TO FORM: CITY ATTORNEY MAYOR 16 INTERLOCAL COOPERATION AGREEMENT THIS 1NTERLOCAL COOPERATION AGREEMENT (the "Agreement"), made this day of , 1999, by and between Miami -Dade County, Florida, a political subdivision of the State of Florida (the "County"), the City of South Miami, Florida, a municipal corporation under the laws of the State of Florida (the "City") and the South Miami Community Redevelopment Agency, or its successor, a public body corporate and politic (the "Agency"). WHEREAS, the Board of County Commissioners of Miami -Dade County, Florida (the "Board") adopted Resolution No. R-1374-96 on December 3. 1996. which. among other things, declared that a slum or blighted area existed in a geographic area, described generally as bounded by S.W. 62nd Avenue on the West. S.W. 62nd Street on the North. S.W. 57th Avenue on the East and S.W. 72nd Street on the South, such geographic area being more particularly described in Exhibit "A" (the "Redevelopment Area"), determined that it was necessary to redevelop such Redevelopment Area in accordance with the provisions of Part III of Chapter 163, Florida Statutes (the "Act"), and delegated to the City Commission of the City of South Miami, Florida (the "City Commission") the authority to exercise the redevelopment powers conferred upon the Board within the Redevelopment Area in accordance with the Act to enable the City Commission to declare the need for, create and delegate powers to a community redevelopment agency and to initiate, prepare and adopt a plan of redevelopment for final approval by the Board; and WHEREAS, the City Conunission, pursuant to Ordinance No. 12-97-1633 enacted on April 15, 1997, accepted a delegation of powers from the Board, found a need for and created the Agency, declared the members of the City Commission to be the members of the Agency, 1 17 granted the Agency the power to exercise all powers permitted by the Act which were delegated by the Board to the Agency and directed the initiation. preparation and adoption of a community redevelopment plan by the Agency; and WHEREAS. pursuant to Ordinance No. 98-79 enacted by the Board on May 19, 1998, the Board has approved the South Miami Community Redevelopment Plan (the "Plan") to enable the City to undertake redevelopment of the Redevelopment Area; and WHEREAS, pursuant to Ordinance No. 98-80 enacted by the Board on May 19, 1998, the Board has approved the creation of a community redevelopment trust fund known as the South Miami Community Redevelopment and Revitalization Trust Fund (the "Fund") which provides for the calculation and appropriation of tax increment funds; and WHEREAS. the boundaries identified for the Redevelopment Area are within the corporate limits of the City; and WHEREAS. the City played the major role in the preparation of the Plan; and WHEREAS. the County, the City and the Agency desire to delineate their areas of responsibility with respect to the redevelopment of the Redevelopment Area. WITNESSETH. that for and in consideration of the mutual covenants and agreements contained herein, the County, the City and the Agency agree as follows: 1. Delegation of Powers A. With the exception of the community redevelopment powers that continue to vest in the Board pursuant to Section 163.358, Florida Statutes, the City Commission, either directly or through the Agency, shall have the sole right and responsibility to exercise the 2 18 following redevelopment powers specifically delegated by the Board pursuant to the Act: (1) The power to make and execute contracts and other instruments necessary or convenient to the exercise of its powers pursuant to the Act. (2) The power to disseminate slum clearance and community redevelopment information. (3) The power to undertake and carry out community redevelopment and related activities within the Redevelopment Area, which redevelopment may include: (a) Acquisition of a slum area or a blighted area or portion thereof; (b) Demolition and removal of buildings and improvements; (c) Installation, construction. or reconstruction of streets, utilities, parks, playgrounds. and other improvements necessary for carrying out in the Redevelopment Area the community redevelopment objectives of the Act in accordance with the Plan: (d) The power to dispose of any property acquired in the Redevelopment Area at its fair value for uses in accordance with the Plan; (e) The power to carry out plans for a program of voluntary or compulsory repair and rehabilitation of buildings or other improvements in accordance with the Plan: (f) The power to acquire real property in the Redevelopment Area which, under the PIan. is to be repaired or rehabilitated for the dwelling use or related facilities, repair or rehabilitation of the structures for guidance purposes, and resale of the property; (g) The power to acquire any other real property in the Redevelopment Area when necessary to eliminate unhealthful, unsanitary, or unsafe conditions; lessen density; eliminate obsolete or other uses detrimental to the public welfare; or otherwise to remove or prevent the spread of blight or deterioration or to provide land for needed public facilities: 3 19 (h} The power to acquire without regard to any requirement that the area be a slum or blighted area, of air rights in an area consisting principally of land in highways, railway or subway tracks, bridge or tunnel entrances, or other similar facilities which have a blighting influence on the surrounding area and over which air rights sites are to be developed for the elimination of such blighting influences and for the provision of housing (and related facilities and uses) designed specifically for, and limited to, families and individuals of low or moderate income; (i) The power to construct foundations and platforms necessary for the provision of air rights sites of housing (and related facilities and uses) designed specifically for and limited to, families and individuals of low or moderate income. (4) 'The power to provide, or to arrange or contract for, the furnishing or repair by any person or agency, public or private, of services, privileges, works, streets, roads, public utilities, or other facilities for or in connection with a community redevelopment; to install, construct, and reconstruct streets, utilities, parks, playgrounds, and other public improvements; and to agree to any conditions that it deems reasonable and appropriate which are attached to federal financial assistance and imposed pursuant to federal law relating to the determination of prevailing salaries or wages or compliance with labor standards, in the undertaking or carrying out of a community redevelopment and related activities, and to include in any contract let in connection with such redevelopment and related activities provisions to fulfill such of the conditions as it deems reasonable and appropriate. (5) Within the Redevelopment Area: (a) The power to enter into any building or property in the Redevelopment Area in order to make inspections, surveys, appraisals, soundings, or test borings and to obtain an order for this purpose from a court of competent jurisdiction in the event entry is denied or resisted; (b) The power to acquire by purchase, lease, option, gift, grant, bequest, devise, eminent domain (as provided in this Agreement) or otherwise any real property (or personal property for its administrative purposes), together with any improvements thereon; 4 20 (c) The power to hold. improve. clear. or prepare for redevelopment any such property; (d) The power to mortgage, pledge, hypothecate, or otherwise encumber or dispose of any real property; (e) The power to insure or provide for the insurance of any real or personal property or operations of the City against any risks or hazards, including the power to pay premiums on any such insurance; (f) The power to enter into any contracts necessary to effectuate the purposes of the Act; (g) The power to solicit requests for proposals for redevelopment of parcels of real property contemplated by the Plan to be acquired for redevelopment purposes by the Agency and, as a result of such requests for proposals, to advertise for the disposition of such real property to private persons pursuant to Section 163.380. Florida Statutes, prior to acquisition of such real property by the Agency; and (h) To the Agency, the power to exercise eminent domain so to acquire by condemnation any interest in real property, including a fee simple title thereto, which it deems necessary for, or in connection with, community redevelopment and related activities under the Act, provided however, the exercise of eminent domain power by the Agency is limited as follows: (a) the power of eminent domain may be exercised by the Agency upon only those parcels of land listed in Appendix B of the Plan; (b) the power of eminent domain shall not be exercised by the Agency if the effect of such condemnation is a reduction in the pool of affordable housing; and (c) the delegation of eminent domain power to the Agency shall be effective for a five (5) year term commencing on the date of execution of this Agreement, such that, with the exception of any condemnation cases initiated by the Agency prior to the expiration of such five (5) year term, upon the lapse of such five (5) year period the Agency shall no longer have the right to exercise the power of eminent domain unless extended by an amendment to this Agreement. The Agency shall give the County thirty (30) days written notice prior to the exercise by the Agency of this power. 5 21 (6) The power to invest any community_ redevelopment funds held in reserves or sinking funds or any such funds not required for immediate disbursement in property or securities in which savings banks may legally invest funds subject to their control and to redeem such bonds as have been issued pursuant to Section 163.385, Florida Statutes, at the redemption price established therein or to purchase such bonds at less than the redemption price, all such bonds so redeemed or purchased to be canceled. (7) The power to borrow money and to apply for and accept advances, loans, grants, contributions, and any other fonn of financial assistance from the Federal Government or the state, county, or other public body or from any sources, public or private, for the purposes of the Act, and to give such security as may be required and to enter into and carry out contracts or agreements in connection therewith; and to include in any contract for financial assistance with the Federal Government for or with respect to community redevelopment and related activities such conditions imposed pursuant to federal laws as the County and/or the City deems reasonable and appropriate which are not inconsistent with the purposes of the Act. (8) Within its area of operation, the power to make or have made all surveys and plans necessary to the carrying out of the purposes of the Act; to contract with any person, public or private, in making and carrying out such plans, and to adopt or approve, modify, and amend such plans, which plans may include, but are not limited to: (a) Plans for carrying out a program of zvoluntary or compulsory repair and rehabilitation of buildings and improvements; (b) Plans for the enforcement of state and local laws, codes, and regulations relating to the use of land and the use and occupancy of buildings and improvements and to the compulsory repair, rehabilitation, demolition, or removal of buildings and improvements; (c) Appraisals, title searches, surveys, studies, and other plans and work necessary to prepare for the undertaking of community redevelopment and related activities. (9) The power to develop, test, and report methods and techniques, and carry out demonstrations and other activities, for the prevention and- the elimination of slums and urban blight and developing and demonstrating new or improved means of providing housing for families and persons of low income. 6 22 (10) The power to apply for, accept, and utilize grants of funds from the Federal Government for such purposes. (11) The power to prepare plans for and assist in the relocation of persons (including individuals, families, business concerns, nonprofit organizations, and others) displaced from the Redevelopment Area and to make relocation payments to or with respect to such persons for moving expenses and losses of property for which reimbursement or compensation is not otherwise made, including the making of such payments financed by the Federal Government. (12) The power to appropriate such funds and make such expenditures as are necessary to carry out the purposes of the Act; to zone or rezone any part of the City or make exceptions from building regulations; and to enter into agreements with a housing authority, which agreements may extend over any period, notwithstanding any provision or rule of Iaw to the contrary, respecting action to be taken by the City pursuant to any of the powers granted by the Act. (13) The power to close, vacate, plan. or replan streets, roads. sidewalks, ways, or other places and to plan or replan any part of the City. (14) Within its area of operation, the power to organize, coordinate, and direct the administration of the provisions of the Act as they may apply to the City, in order that the objective of remedying slum and blighted areas and preventing the causes thereof within the City may be most effectively promoted and achieved and to establish such new office or offices of the City or to reorganize existing offices in order to carry out such purpose most effectively. (15) The power to exercise all or any part or combination of powers herein granted or to elect to have such powers exercised by the Agency. H. Implementation of the Plan A. The redevelopment powers listed in Section I. herein may be exercised only with respect to the Redevelopment Area and only with respect to the Plan as accepted by the City Commission and approved by the Board, together with any supplements or amendments to the Plan, provided that any amendments and supplements to the Plan must also be approved by the Board. The City and the Agency hereby 7 23 expressly agree that the Plan as approved by the Board pursuant to Ordinance No. 98-79 is for a five (5) year period. The City and the Agency agree that six (6) months prior to the expiration of such five (5) year term, they shall prepare, adopt and bring forward to the Board a supplement to the Plan for the second phase of redevelopment. Therefore, it is expressly understood and agreed to that the redevelopment powers conferred by the Board to the City Commission and the Agency, as the case may be, may be exercised by either for a five (5) year period commencing on the date of execution of this Agreement unless extended by a subsequent amendment to the Plan and this Agreement; provided, however, if the City and the Agency timely submit a supplement to the Plan for the second phase of redevelopment in accordance with this section, the City and the Agency, as the case may be. may continue to exercise the powers conferred by the Board to such entity pursuant to this Agreement until such time that such supplement is acted upon by the Board. If the Board does not approve the supplement, this Agreement shall be deemed terminated thirty (30) days after such Board action, upon which time the Agency and the City shall no longer have the right to exercise the redevelopment powers delegated in this Agreement. Conversely, if the Board approves the supplement for the second phase of redevelopment and the corresponding amendment to this Agreement, the Agency and the City, as the case may be, may continue to exercise the powers conferred by the Board to such entity pursuant to this Agreement, as amended, and the amended Plan. B. No more than ten percent (10%) of the funds contemplated to be expended under the Plan shall be used for total administrative expenses allowable under Section 8 24 163.387(6)(a), Florida Statutes (including indirect and overhead expenses which may not exceed six percent (6%) of such funds contemplated to be spent under the Plan). C. The City shall. either directly or through the Agency, ensure that the staff of the Agency be racially and ethnically diverse, all in accordance with applicable law. M. City/County Coordination A. The County Manager shall designate a Redevelopment Area Coordinator (the "Redevelopment Area Coordinator"). The Redevelopment Area Coordinator shall serve as the County's liaison to the City and the Agency for the Redevelopment Area. The Redevelopment Area Coordinator shall carry out the day-to-day County responsibilities for the Redevelopment Area and shall be the designated person to receive all data and reports pertaining to the Plan. B. The City, either directly or through the Agency, shall be responsible for implementing and confornvng to the Plan, including developing and implementing proposals for indebtedness and bond financing, acquisition, disposition and relocation activities, eminent domain activities (subject to the limitations contained herein), coordination and implementation of the design and construction of public improvements necessary to support the redevelopment of the Redevelopment Area. and such other projects and activities as are contemplated by the Plan. The City, either directly or through the Agency, shall deliver copies of all accepted proposals for the Redevelopment Area to the Redevelopment Area Coordinator. C. The Redevelopment Area Coordinator shall submit all proposals related to amendments to the Plan and proposals for indebtedness and bond financing to the County 9 25 Manager's Tax Increment Financing and Coordinating Committee (the "TIFC Committee"). which Committee shall review and make recommendations to the County Manager on modifications and amendments to the Plan and all proposals for indebtedness and bond financing for the Redevelopment Area. The Redevelopment Area Coordinator shall review all proposals prior to review by the TIFC Committee and the Board. D. The annual budget and progress reports shall be submitted to the County not later than forty-five (45) days prior to the beginning of each County fiscal year in a format approved by the County. The annual budget for the Agency and the Redevelopment Area shall be subject to review and approval by the Board. With the exception of the debt service payment on current bond obligations financed by tax increment revenues, no funds on deposit in the Fund may be expended by the City Commission or the Agency, as the case may be, until the annual budget has been approved by the Board. The TIFC Committee shall initially review the budget and submit recommendations to the County Manager for review and to the Board for final approval. At the request of the County, the City or the Agency shall submit additional progress reports on the Plan and Redevelopment Area activities. E. Once the Board approves and adopts any amendments and modifications to the Plan, such amendments and modifications shall become a part of the Plan and the powers delegated to the City Commission pursuant to this Agreement, shall be exercisable either directly or through the Agency, with respect to such amendments and modifications. 10 26 IV. Land Disposition A. Any disposition of land for the Redevelopment Area shall be accomplished in accordance with applicable provisions of federal. state and local law, established City guidelines, the Plan and this Agreement pursuant to the Act. V. Other Redevelopment Area Activities A. The City, either directly or through the Agency, shall be responsible for the administration and funding of all relocation activities. Six months prior to the commencement of redevelopment activities which may result in the displacement of persons, the City, either directly or through the Agency, shall establish residential relocation procedures for the relocation of such persons (the "Local Relocation Procedures") and shall submit such Local Relocation Procedures to the Board for review and approval. in addition to any applicable federal, State or local law, the Local Relocation Procedures shall apply in all relocation cases within the Redevelopment Area; provided, however, if federal funds are received by the City, either directly or through the Agency, for the project which requires residential relocation, the City, either directly or through the Anencv, shall follow the relocation procedures set forth in the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970, 42 United States Code, Chapter 61, Section 4601, et seq. The City may contract with County agencies to assist in residential relocation. B. The City, either directly or through the Agency, shall construct multi -unit residential projects within the Redevelopment Area: replace unit for unit any housing stock removed from the Redevelopment Area or development other than residential; and to the extent a displaced persons elects to be relocated to a location within the li 27 Redevelopment Area. the City either directly or through the Agencv. shall ensure that any displaced persons be relocated to a location within the Redevelopment Area. C. The pool of affordable housing shall not be reduced from its current amount. The Agency and the City shall report to the County's Office of Community and Economic Development on an annual basis the status of its pool of affordable housing so that the County's Office of Community and Economic Development may monitor this activity. In addition, any new development or construction of affordable housing shall be distributed equitably between the different racial and ethnic groups, in accordance with applicable law. Affordability shall be in accordance with the provisions of Section Five: Affordable Housing and Relocation Policy of the Plan. D. The City shall identify annually social service and educational projects which will complement Redevelopment Area programs, and shall provide funding annually for those projects through the City's General Fund. The Projects identified shall either be a new one or a quantifiable increase in the level of service in the twelve calendar months prior to the execution of the Interlocal Agreement. E. The City, either directly or through the Agency, shall cause an independent audit by a Certified Public Accounting firm to be performed on an annual basis, in compliance with 163.356, Florida Statutes, to be forwarded to the Board within thirty (30) days of completion. 12 28 F. All redevelopment activities conducted with respect to the Redevelopment Area shall be in conformance with the PIan as the same may be amended. Any amendments to the Plan as required by Section 163.361, Florida Statutes, must have prior approval of the Board before the City, either directly or through the Agency, may implement the changes contemplated by the amendments. Once approved, however, the City, either directly or through the Agency, may implement the amendments thereto. G. The City or the Agency, as the case may be, shall include language in any t loan agreement, grant agreement or other agreements or contracts entered into between the City or the Agency and business involved in the redevelopment effort of the Redevelopment Area which states that, as a condition to the business' receipt of monies or incentives from the City or the Agency, any new jobs created as a result of the redevelopment shall be awarded so that such group of employees are an racially ethnically -diverse group, racially all in accordance with applicable law. VI. Project Financing A. The City, either directly or through the Agency, shall establish and maintain the Fund, as required by applicable law. Both the City and the County shall deposit annually into the Fund an amount equal to fifty percent (50%) of the increment from ad valorem taxes collected within the Redevelopment Area pursuant to Section 163.387, Florida Statutes, Ordinance No. 98-80 enacted by the Board on May 19, 1998 and other provisions of applicable law. 13 29 B. The City, either directly or through the Agency, shall develop and promulgate rules, regulations and criteria whereby the Fund may be promptly and effectively administered, including the establishment and the maintenance of books and records and adoption of procedures whereby the City may, either directly or through the Agency, expeditiously and without undue delay, utilize such funds in accordance with the Board approved budget for the Redevelopment Area. C. The City, either directly or through the Agency, shall select financial and legal consultants as necessary to assist in the preparation of the tax increment financing plans. The City and the Agency shall encourage the participation of and utilize small and minority businesses. specifically with respect to bond counsel, underwriters' counsel and underwriting services, in the development of the Redevelopment Area. ' D. The City, either directly or through the Agency, may sell bonds and execute notes and other forms of indebtedness. as well as collateral documents, to finance capital improvements deemed necessary for the Redevelopment Area; however. County approval as to amount, duration and purpose . of such bonds, notes or other indebtedness, including advances pledging or obligating tax increment revenues, must be obtained prior to issuance of any such bond, note or other form of indebtedness including advances pledging or obligating tax increment revenues. The County's obligation to annually appropriate to the Fund shall continue until all loans, advances and indebtedness, if any, and interest thereon, of the Agency incurred as a result of 14 30 redevelopment in the CRA. have been paid, or for as long as required by applicable law, whichever is later. In no year shall the County's obligation to the Fund exceed the amount of that year's tax increment as determined pursuant to Ordinance No. 98.80. On the last day of the fiscal year of the Agency, any money which remains in the Fund after payment of expenses pursuant to Section 163.387(6), Florida Statutes, for such year shall be: (1) returned to each taxing authority which paid the increment in the proportion that the amount of the payment of such taxing authority bears to the total amount paid into the Fund by all taxing authorities within the Redevelopment Area for that year; (2) used to reduce the amount of any indebtedness to which increment revenues are pledged; (3) deposited into an escrow account for the purpose of later reducing any indebtedness to which increment revenues are pledged; or (4) appropriated to a specific redevelopment project pursuant to the approved Plan which project will be completed within three (3) years from the date of such appropriation. VII. Citizen Participation A. To carry out the citizen participation process, the City, either directly or through the Agency. shall utilize community groups and seek community involvement and consider citizen input in the development of Redevelopment Area activities. B. The City, either directly or through the Agency, shall create and establish an advisory board the composition of which shall be racially and ethnically diverse and shall include citizens who reside and or work in the Redevelopment Area and other professionals who may give technical advice to the Agency, in accordance with 15 31 applicable law. The advisory board shall be charged with monitoring the Agency for . . compliance with the objectives enumerated in the Plan. The advisory board shall conduct a comprehensive review of the Agency and the City's accomplishments with respect to the PIan. This review shall be done at least every three (3) years and its finding shall be forwarded to the Board for review. VIH. Project Management, Administration and Coordination A. The City and/or the Agency shall consider any reasonable request of the County with respect to implementing any plan of action related to the Plan. The City and/or the Agency shall develop implementation schedules and timetables for all significant Redevelopment Area activities as determined by the City and/or the Agency, copies of which shall be delivered to the Redevelopment Area Coordinator beginning one year from the implementation of this Agreement. The City and/or the Agency shall also deliver additional interim reports to the County upon request. 1. The Redevelopment Area Coordinator shall receive from the City and/or the Agency advance notice of all public meetings related to development of projects pursuant to this Agreement and on a regular basis, information regarding the progress of all such development through the design and construction of such projects. 2. During construction, the County shall have the right to attend all such public meetings and inspect the projects being developed at all reasonable times subject to reasonable restrictions imposed by the contractor. 3. The City and/or the Agency shall consult regularly with the Redevelopment Area Coordinator in order to keep the County reasonably informed 16 32 Commission agrees that the Agency shall at all times consist of seven (7) members for the term of this Agreement. X. City Assurances Regarding rding Affirmative Action, As part of this Agreement the City and the Agency, as the case may be, shall follow applicable federal, State and County laws and regulations concerning affirmative action and race/ethnic/gender conscious concerns all in accordance with applicable law. XI. Amendments This Agreement may be amended only by a written agreement signed by the City, the Agency and the County. 18 34 IN WITNESS WHEREOF. the parties hereto have caused this Agreement to be executed in their names by their duly authorized officers and the corporate seals to be affixed hereto. all as of the day and year first above written. WITNESS our hands and seals on this day of , 1998. CITY OF SOUTH MIAMI, FLORIDA, a municipal corporation of the State of Florida By: City Manager ATTEST: By: 140-� - J'4�� City Y Clerk4o? b Jr y/•zh�ff APPROVED ASTOFORK! AND LEGAL SUFFICIENCY: City Attorney SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY. a public body corporate and politic By: Chairman ATTEST: By: _ Clerk C90 Wes-* 3 f•i_ �. 020� M- M. MIAMI-DADE COUNTY, FLORIDA, a political subdivision of the State of Florida County Manager Deputy Clerk C APPROVED AS TO FORM AND LEGAL SUFFICIENCY: County Attorney 19 35 MEMORANDUM TO: Barbara Jordan DATE: Senior Assistant to the County Manager SUBJECT: South Miami Interlocal Agreement FROM: Tony E. Crapp, Sr., Director Office of Community & Economic Dev. Attached for your review and the County Manager's signature is an agenda item requesting Board approval of the Interlocal Cooperation Agreement between Miami -Dade County and the City of South Miami for its Community Redevelopment Project. Please arrange to have this Ordinance placed on the Board's July 13. 1999 agenda for the First Reading. TEC/HB/hw Attachment 36 COMMUNTTY REDEVELOPMENT AGENCY BOUNDARY DESCRIPTION Beginning at a point, said point being the southeast corner of Section 25, Township 54 South, Range 40 East and being the intersection of the centerline of Southwest 57 Avenue (Red Road) and the centerline of Southwest 72 Street (Sunset Drive); thence running westerly along the south line of the aforesaid Section 25, said line being the centerline of Southwest 72 Street (Sunset Drive), a distance of 2,640 feet, more or less, to the intersection of the centerline Southwest 72 Street (Sunset Drive) and the centerline of Southwest 62 Avenue (Paul Tevis Road), the same being the southwest corner of the southeast quarter of said Section 25; thence, running northerly along the west line of the southeast quarter, the same being the centerline of Southwest 62 Avenue (Paul Tevis Road), a distance of 3,463 feet, more or less, to the intersection of the centerline of Southwest 62 Avenue (Paul Tevis Road) and a line, the same being the western extension of the northern right-of-way line of Southwest 62 Street; thence running easterly along said line, and continuing along the northern right-of-way line of Southwest 62 Street, a distance of 1,362 feet, more or less, to the intersection of the northern right-of-way line of Southwest 62 Street and the eastern right-of-way line of Southwest 59 Avenue; thence running southerly along the eastern right-of-way line of Southwest 59 Avenue, a distance of 159 feet, more or less, to the intersection of the eastern right-of-way line of Southwest 59 Avenue and a line, the same being the western extension of the north line of Lots A, B, C and D of Block 1, University Gardens No. 1 Subdivision, A Re -Plat of Block 2, according to the plat thereof, as recorded in Plat Book 91 at Page 36 in the Public Records of Dade County, Florida; thence running easterly along the north line of said Lots A, B, C, and D, a distance of 309 feet, more or less, to the northeast corner of said Lot A, the same being the northeast corner of University Gardens No.1 Subdivision; thence southerly along the eastern line of University Gardens No.1 Subdivision, according to the plat thereof, as recorded in Plat Book 89 at Page 15 in the Public Records of Dade County, Florida, a distance of 662 feet, more or less, to the southeast corner of University Gardens No.1 Subdivision, the same being a point in the centerline of Southwest 64 Street (Hardee Drive); thence running easterly along the centerline of Southwest 64 Street (Hardee Drive), the same being the north line of the south half of said Section 25, a distance of 990 feet, more or less, to the intersection of the centerline of Southwest 64 Street (Hardee Drive) and the centerline of Southwest 57 Avenue (Red Road), the same being the northeast corner of the southeast quarter of said Section 25; thence running southerly along the centerline of Southwest 57 Avenue (Red Road), a distance of 2,640 feet, more or less, to the intersection of the centerline of Southwest 57 Avenue (Red Road) and the centerline of Southwest 72 Street (Sunset Drive), the same being the southeast corner of said Section 25, Township 54 South, Range 40 East, said point being the Point of Beginning, which area comprises approximately 185 acres. -*e RP,vised Fp-bmiary 26 1997 Final Vorctnn with Ar;rpava. South Miami Community Redevelopment Plan �� page i A 37 8E V £9 050d uold luawdolaAapab Auunwwo> rwolW y{noS Xuadwd OL L O L L OSZOV60 /,uadwd 09LOL LOSZOV60 "dad 3AV 19 MS OOOL OS L O L L OSZ0060 4uadoad 3AV 19 MS OZOL OVLOL LOSZOV60 guiplIne 1S £9 MS L L09 0990O L09ZOV60 5uip�tng pe 1S E9MS LV09 09800LOGZOV60 /tuadcud aIU31 E9MS 6E09 00800LOSZOd60 Buipling 1S E9 MS Z909 08L00 L09ZOb60 4uadad 1S E9 MS 0609 OLL00 LOSZOb60 4vadwd 1S E9MS b109 09LOOLOSZOP60 Auadwd OL900LOGZOV60 /Cuadwd 1S V9 MS L009 0990M09ZOb60 "uadad 0990O L 09ZO060 Xuadad OV90O WSZOV60 /,uadaud OE90O L 09ZOV60 Auadoad 10 69 MS L Lb9 00900 L OS ZOV60 4uadosd 09900 L OS ZOV60 /,uodwd Id 69 MS 9099 09COOLOSZ0060 4uadad Id 69 MS E"9 OZEOO L OSZ0060 Auadwd OLOOO L 09ZOd60 Auodwd OVZ06009ZOV60 Xuadwd UU31 E9 MS E9 L 9 0 L 10600001760 Xuadwd 3AV Z9 MS 91pE9 OOL06009ZO060 rivadwd 1S b9 MS SM OV006009ZOV60 4madwd 1S 179 MS L9 L 9 OE006009Z0t?60 Xuadad 0 LOO600SZOb60 "ado1d Id 69 MS LSE9 OSCOLOOGZ0060 3 uaaq sey # 01.10J `AeM Jo-1yai-d ainmd Auadold OVCOLOOSZOV60 Xuadwd Id 69 MS 6 L E9-L L E9 OE£OLOOS ZOb60 iwadad Id 69 MS LSZ9 06ZOLOOSZ0060 ^uadad Id 69 MS 6EZ9 08ZOLOOSZOb60 4uadwd 1S b9 MS L669 OBLOL009ZO060 nuadwd OL LOLOOGZO060 Auadad aAV 09 MS 99E9 09LOLOOSZOV60 Buippn8 3AV 09 MS ELZ9 OVOOL009ZO060 Xuadoad 00600009ZOb60 Auadwd 00600009ZOb60 ,(modwd Z9800009ZOP60 wadold 3AV 09 MS 99179 OSBOOOOSZOV60 Avadwd 1S 179 MS Bb09 06L000OGZOV60 Luadoad N113109 MS 9909 OELOOOOSZOVBO XuadOJd OZL00009ZO060 Xuadwd 1S b9 MS 9609 OOL00009ZOV60 autpl}n8 aa31 179 MS L909 OZ900009ZOb60 (Buippg jo Auadwd) (algearldde jj) SOON P33'ed Jo adA.L SSPIPpd nuadoad .iagwnN 0110J 13Y11slQ V-dD aul ui s ulpling pug sai�aadOld ju'Iuaptsa-d luROPA 0200 ►5996 SW 70 ST Building -0320 5942 SW 62 ST Property i0030 6400 SW 57 CT Property 30560 6501 SW 58 PL Building 50830 5901 SW 66 ST Property 50840 5901 SW 66 ST Property :80010 Property '80190 Property 280200 5928 SW 66 ST Property 280300 5895 SW 67 ST Property 290010 6600-10 SW 59 PL Property )290080 Property )290090 6008 SW 66 ST Property 3290140 Property 0290160 Property 0340250 Property ;0580110 6260 SW 58 PL Property 30650090 Property South Miami Community Redevelopment Plan page 63 B 39 Vacant Commercial Properties and Buildings in the CRA District , Number J40250070190 0940250070200 0940250070370 0940250070380 0940250100010 0940250100020 0940250100140 0940250100160 0940250100170 0940250100270 0940250100280 0940250100290 0940250100300 0940250110140 0940250110150 0940250110160 0940250110170 0940250110200 0940250270100 0940250270110 0940250280900 0940250280910 0940250280920 0940250281390 0940250281400 0940250281410 0940250281420 0940250281430 0940250281940 0940250281950 0940250281960 0940250281970 0940250281980 0940250281990 0940250262000 0940250282010 0940250282011 0940250282020 0940250282030 0940250282040 0940250282041 0940250282050 0940250282070 Property Address (If applicable) 6373 SW 59 PL 6936 SW 64 ST 5978 SW 64 ST 6420 SW 59 PL 5944 SW 64 ST 6401 SW 59 PL 6411 SW 59 PL 6415 SW 59 PL 7020 SW 61 AVE 7000 SW 61 AVE 5996 SW 70 ST 7141 SW 61 CT 6731 SW 58 PL 5845 SW 68 ST 5876 SW 68 ST 6896 SW 68 ST 6930 SW 59 PL 5982 SW 69 ST 5986 SW 69 ST 5990 SW 69 ST 6010 SW 69 ST 6011 SW 70 ST 6005 SW 70 ST 5961 SW 70 ST 5965 SW 70 ST 8940 SW 59 PL 5890 SW 69 ST Type of Parcel (Property or Building) Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Building Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Property Building Notes Pending proposed zoning c. Pending proposed zoning c Pending proposed zoning c Pending proposed zoning c South Miami Community Redevelopment Plan r page 63 C 40 Tw RESOLUTION NO. 9 0- 0 6 -12 2 31 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA, AUTHORIZING THE SMCRA TO SEEK COUNTY APPROVAL FOR AN EXTENSION OF THE LIFE OF THE AGENCY FOR A TOTAL OF FIFTEEN YEARS; IN ADDITION TO ASKING THE COUNTY TO PLEDGE A MATCHING PORTION OF THEIR SHARE OF TAX INCREMENT FINANCING (TIF) REVENUES TO PARTIALLY RETIRE A $2,000,000 FINANCE BOND REQUIRED TO PURCHASE ALL REMAINING PROPERTIES TO IMPLEMENT THE MADISON SQUARE PROJECT AND AUTHORIZING THE SMCRA TO PLEDGE A MATCHING PORTION OF THE CITY'S SHARE OF TAX INCREMENT FINANCING REVENUES TO RETIRE THE REMAINING BALANCE OF THE $2,000,000 FINANCE BOND; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, on May 3, 2005, the Miami -Dade County Commission approved Resolution No. 466-05 amending the SMCRA Plan Update and extending the life of the SMCRA for 15 years beyond the June 1, 2005 sunset provision and mandating a sunset review within two years of the approval, if no long term financing agreement supported by TIF revenues is completed by June 1, 2007; and, WHEREAS, the SMCRA Plan Update contemplates construction of a mixed -use housing project known as Madison Square; WHEREAS, the SMCRA currently owns several of the required parcels for development of the project and is negotiating to purchase the remaining properties; and, WHEREAS, the total projected cost required to purchase the entire development site is $2,640,048; and, WHEREAS, the SMCRA intends to immediately purchase two of the required properties currently pending foreclosure action for a purchase price of $730,000 leaving a balance of 1,910,048 required to purchase all remaining properties; and WHEREAS, given the increase in land value over time, the estimated total funding amount required to purchase all remaining properties is $2,000,000; and WHEREAS, the SMCRA will seek Miami -Dade County approval for an extension of the life of the Agency for a total of fifteen years; in addition to asking the County to pledge a matching portion of their share of tax increment financing revenues to partially retire a $2,000,000 financing bond required to purchase all remaining properties; and WHEREAS, the City Commission authorizes a matching pledge of their portion of TIF revenues to retire a $2,000,000 financing bond required to purchase all remaining properties; and 41 Res. No. 90-06-12231 WHEREAS, it is anticipated that a total annual TIF payment of $188,000 for fifteen years will be required to retire the $2.000.000 financing bond: and WHEREAS, given the availability of the Tax Increment Financing mechanism, it is not required that the City of South Miami be principle to any current or future SMCRA bond financing agreements. NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA THAT: Section 1. The above whereas clauses are incorporated by reference. Section 2. The City Commission authorizes the SMCRA to seek County approval for an extension of the life of the Agency for a total of fifteen years: in addition to asking the County to pledge a portion of their share of matching tax increment financing revenues to partially retire a $2.000.000 financing bond required to purchase all remaining properties required to develop Madison Square. Section 3. The City Commission authorizes a matching pledge of the City's portion of tax increment financing revenues to retire the remaining balance of a $2.000.000 bond required to purchase all remaining properties required to develop Madison Square. Section 4. The SMCRA will seek subsequent approval from Miami -Dade County for the above referenced extension of the life of the SMCRA Agency and TIF revenue pledge. Section 5. This resolution shall take effect immediately upon adoption. Z� PASSED AND ADOPTED this �; day of June, 2006. �AATTEST:(� r1 APPROVED: %(.�.. n I� TY CLERIC MA OR Commission Vote: 4-1 Mayor Feliu: Yea READ AND APPR9VED AS TO ARM: Vice Mayor r mbe: Yea Commissioner Palmer:PalYea Commissioner Birts: Yea CITY -ATTORNEY Commissioner Beckman: Nay C:\Documents and Settings\SRothstein\My Documents\Reso-Ord\CC Resolution - SMCRA TIF Pledge and Term Extension (2).doc EYA South Miami ADAMMONS CITY OF SOUTH MIAMI 11111.F OFFICE OF THE CITY MANAGER INTER -OFFICE MEMORANDUM 2001 To: The Honorable Mayor Feliu and Members of the City Commission Via: Yvonne S. McKinley, Acting City Manager 0q7P_"Z4/~00-4 From: Don O'Donniley, Planning Director Date: June 6, 2006 Subject: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA AUTHORIZING THE SMCRA TO SEEK COUNTY APPROVAL FOR AN EXTENSION OF THE LIFE OF THE AGENCY FOR A TOTAL OF FIFTEEN YEARS; IN ADDITION TO ASKING THE COUNTY TO PLEDGE A MATCHING PORTION OF THEIR SHARE OF TAX INCREMENT FINANCING (TIF) REVENUES TO PARTIALLY RETIRE A $29000,000 FINANCE BOND REQUIRED TO PURCHASE ALL REMAINING PROPERTIES TO IMPLEMENT THE MADISON SQUARE PROJECT AND AUTHORIZING THE CITY OF SOUTH MIAMI TO PLEDGE A MATCHING PORTION OF THE CITY'S SHARE OF TIF REVENUES TO RETIRE THE REMAINING BALANCE OF THE $2,000,000 FINANCE BOND; AND PROVIDING AN EFFECTIVE DATE. Request: On May 3, 2005, the Miami -Dade County Commission approved a fifteen year extension of the Agency contingent upon the SMCRA obtaining a project based, financing commitment by June 1, 2007. The conditions of approval stipulated that long-term financing be secured through a pledge of TIF revenues (See Exhibit 1). The key project identified in the SMCRA Plan Update is Madison Square, a proposed mixed -use affordable housing project at the north end of Church Street. The SMCRA currently owns several properties required for development and is negotiating for the purchase of all remaining properties. The projected cost to purchase the entire site is $2,640,048 (See Exhibit 2). The SMCRA intends to expedite purchase of two properties currently pending foreclosure for a purchase price of $730,000 leaving a balance of $1,910,048 required to purchase all remaining properties. Given an increase in land values, staff estimates a total of $2,000,000 will be required to purchase the remaining properties. Staff has recently submitted a request to Miami -Dade County for approval of a fifteen year extension of the Agency and a County pledge of TIF revenues to partially retire a $2,000,000 bond required to purchase all remaining properties. The SMCRA shall also pledge a matching portion of the City's TIF revenues to retire the bond. Staff anticipates an annual TIF payment of approximately $188,000 will be required to retire the bond over a fifteen year term (See Exhibit 3). Staff intends to seek approval from the SMCRA Board and the City Commission for a long-term bond financing agreement upon completion of draft terms. Staff recommends approval of the attached resolution authorizing the SMCRA to seek 43 Miami -Dade County approval for a fifteen year extension of the Agency and a County pledge of TIF revenues and a matching pledge of City of South Miami TIF revenues to retire a $2,000,000 financing bond to purchase all Madison Square properties. Backup Documentation: Draft Resolution Approved Miami -Dade County Resolution #466-05 Projected Land Acquisition Costs for Madison Square Draft fifteen year Amortization Table Approved SMCRA Resolution for Term Extension and TIF Pledge YSM/DOD/SD/JM E:\CC\SMCRA Budget Amendment.doc 44 Legislative Matter Miami -Dade Legislative Item File Number: 052419 Page 1 of 5 ENNIBIT 9 File Number: 052419 File Type: Resolution Status: Adopted as amended Version: 0 Reference: R-466-05 Control: County Commission File Name: CITY OF SOUTH MIAMI CRA REDEVELOPMENT PLAN Introduced: 8/23/2005 Requester: Office of Community and Cost: Final Action: 5/3/2005 Economic Development Agenda Date: 5/3/2005 Agenda Item Number: 5L Notes: THIS IS FINAL Title: RESOLUTION APPROVING AMENDMENT TO VERSION AS REDEVELOPMENT PLAN OF SOUTH MIAMI COMMUNITY ADOPTED. REDEVELOPMENT AGENCY TO EXTEND THE LIFE OF THE ALSO SEE SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY LEG. #051035. (SMCRA) FOR 15 YEARS BEYOND THE JUNE 1, 2005 SUNSET PROVISION OF THE INTERLOCAL COOPERATION AGREEMENT, SUBJECT TO A NEW SUNSET PROVISION OF TWO YEARS, IF THE SMCRA FAILS TO OBTAIN A LONG-TERM FINANCING COMMITMENT SECURED THROUGH THE AGENCY'S TAX INCREMENT FINANCING (TIF) REVENUES; PROVIDING SEVERABILITY [SEE ORIGINAL ITEM UNDER FILE NO. 051035] Indexes: COMMUNITY REDEVELOPMENT PLAN Sponsors: NONE Sunset Provision: No Effective Date: Expiration Date: Registered Lobbyist: None Listed Legislative History Acting Body Date Agenda Item Action Sent To Due Returned Pass/Fail Date County Attomey 8/23/2005 Assigned Shannon D. Summerset Board of County 5/3/2005 5L Adopted as P Commissioners AMENDED amended 45 REPORT: The Board adopted the foregoing proposed resolution as amended to require that the City of Legislative Matter Page 2 of 5 South Miami come back before the Board in two years to present a long -tern financing commitment plan secured through the Community Redevelopment Agency's tax increment financing revenues for approval. Legislative Text TITLE RESOLUTION APPROVING AMENDMENT TO REDEVELOPMENT PLAN OF SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY TO EXTEND THE LIFE OF THE SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY (SMCRA) FOR 15 YEARS BEYOND THE JUKE 1, 2005 SUNSET PROVISION OF THE INTERLOCAL COOPERATION AGREEMENT, SUBJECT TO A NEW SUNSET PROVISION OF TWO YEARS, IF THE SMCRA FAILS TO OBTAIN A LONG-TERM FINANCING COMMITMENT SECURED THROUGH THE AGENCY'S TAX INCREMENT FINANCING (TIF) REVENUES; PROVIDING SEVERA131LITY BODY WHEREAS, the Legislature of the State of Florida enacted the- Community Redevelopment Act of 1969 during its 1969 Legislative Session, which enactment is presently codified in the Florida Statutes as Part III of Chapter 163 as amended; and WHEREAS, the Act confers all redevelopment powers upon counties with home rule charters and authorizes such counties to delegate the exercise of such powers within the boundaries of a municipality to the governing body of such municipality; and WHEREAS, the City of South Miami (the "City) Commission, pursuant to County Ordinance No. 12- 97-1633 enacted on April 15, 1997, accepted a delegation of powers from the Board, found a need for and created the South Miami Community Redevelopment Agency (the "Agency"), declared the members of the City Commission to be the members of the Agency, granted the Agency the power to exercise all powers permitted by the Act which were delegated by the Board to the Agency and directed the initiation, preparation and adoption of a community redevelopment plan by the Agency; and WHEREAS, pursuant to Ordinance 98-79 enacted by the Board on May 19,1998, the County has among other things, approved and adopted the South Miami Community Redevelopment Plan (the "Plan'); and WHEREAS, on September 9, 1999, the Board adopted Ordinance No. 99-100, which approved the Interlocal Cooperation Agreement (the "Interlocal'), between the City of South Miami and Miami - Dade County; and WHEREAS, on January 10, 2005 the adopted Resolution CRA-02-05-149 which approved the modification of the Redevelopment Plan; and WHEREAS, the Mayor and City Commission of the City of South Miami on February 1, 2005 approved an Ordinance No. 01-05-1823 adopting a Phase II Plan supplement as updating and modifying the South Miami Community Redevelopment Plan; and WHEREAS, the City and Agency desire, and have requested the County to approve an extension of the life of the SMCRA by 15 years beyond the June 1, 2005 sunset provision of the Agency's Interlocal Cooperation Agreement; and WHEREAS, the County must grant authority to the Agency to continue its activities beyond the June 1, 2005 sunset period; and WHEREAS, this Board desires to approve this plan amendment and to accomplish the purposes outlined in the memorandum from the County Manager, a copy of which is incorporated in this 46 resolution by reference; and WHEREAS, the Board desires to ensure that the Agency will secure within five years, the necessary • • - • • . ^ 0 • ^% 0 •. 1 . .. r 1^1 A P►nnc Legislative Matter Page 3 of 5 financial resources to fund the projects identified in the updated Redevelopment Plan; and WHEREAS, the Board desires to sunset the SMCRA if long term funding commitments pledging Tax Increment Financing revenues are not made within a 2 year period from June 1, 2005, NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF M AMi-DARE COUNTY, FLORIDA. that: Section 1. The matters contained in the foregoing recitals are incorporated in this resolution by reference. Section 2. The Board approves the plan amendment adopted by Agency and the City and extends the life of the Agency for a period of fifteen (15) years to June 1, 2020, subject to the Agency securing long term funding commitments pledging Tax Increment Financing revenues by June 1, 2007 in order to implement said plan amendment. HEADER Date: To: Honorable Chairperson Joe A. Martinez, and Members, Board of County Commissioners From: George M. Burgess County Manager Subject: Amendment to City of South Miami Community Redevelopment Agency Redevelopment Plan MANAGER'S BACKGROUND RECOMMENDATION as amended on May 3, 2005 It is recommended that the Board of County Commissioners (the "Board') approve an amendment to Community Redevelopment Plan of the City of South Miami Community Redevelopment Agency (SMCRA), extending the life of the SMCRA for 15 years beyond the June 1, 2005 sunset provision of the agency's Interlocal Agreement and providing for a sunset review within two (2) years of this extension, if no long-term financing agreement supported by Tax Increment Financing revenues is completed within the 2-year period. STAFF RECOMMENDATION BACKGROUND The Board approved the Tax Increment Financing Project for the City of South Miami by ordinance No.12-97-1633. An Interlocal Agreement was approved by the Board on September 9, 1999 (Resolution No. 99-100), and was executed on June 1, 2000. An amendment to the Interlocal Agreement, raising the administrative cap to 20%, was approved by the Board on March 16, 2004 (Resolution R-327-04). The agreement provided for an expiration date of 5 years from the date of execution unless the Board approves an extension after reviewing an update to the Community Redevelopment Plan. Board approval of this extension is requested prior to the expiration date of June 1, 2005. 47 .. - - ._ ,... 1 ..,., _ _,�__�nn A %T ....:..�.,.:.,00� �nr�r�,fAr lit,,,-;ndnnn#; Legislative Matter Page 4 of 5 In a letter dated December 22, 2004, (attached) the Mayor of the City of South Miami requested that the County extend the due date of December 1, 2004 for submission of the SMCRA redevelopment plan update, initially due six (6) months prior to the agreed upon termination date of June 1, 2005 - as established by the interlocal agreement between the County and City. It is within the power of the Board to accept the plan after the December 1, 2004 due date for receipt by County staff. A draft plan was received by County staff in December 2004. On January 10, 2005, the SMCRA Board adopted resolution 02-05-149 that among other things approved the modification of the Plan and authorized submission of the modified plan to the County for approval. On February 1, 2005 the Mayor and City Commission of the City of South Miami passed, upon second reading, an ordinance modifying the South Miami Community Redevelopment Plan and providing for its transmission to the County for approval. Honorable Chairperson Joe A. Martinez and Members, Board of County Commissioners Page 2 The SMCRA redevelopment plan as updated, provides a progress report on community redevelopment goals established in the initial 5-year plan. Additionally, the updated redevelopment plan identified several major projects that were either initiated or planned that would require significant investment by the SMCRA. The Mobley Building - a potential business incubator; SW 59th Place/Church Street Streetscape project and Madison Square — a mixed use redevelopment project are examples of the signature activities that would require the SMCRA to identify financing resources for completion of these projects, and which were used as examples of future projects that justify extending the life of the SMCRA. Economic Impact Analysis The Agency's fiscal year 2004-05 Tax Increment Revenues were $780,000. The Agency has been approved to receive only 50% of the Tax Increment Revenues available. This funding level applies equally to both the County and the City. After the effect of two major projects, the Valencia building an the Hometown Station, which would add approximately $200,000 annually to the Agency's revenues, an annual revenue growth rate of between 3% and 4.5% is anticipated over the next 15 years. The estimated contributions over 5 years are $3.0 million from the County and $3.7 million from the City. The estimated contributions over 15 years are $12.9 million from the County and $16.1 million from the City. The Tax Increment Financing Coordinating Committee at its March 10, 2005, met with the City of South Miami, and members of the SMCRA Board, to review the plan update and request for a 15-year extension of the Community Redevelopment Agency. The TIFC Committee voted to recommend approval of the SMCRA Redevelopment Plan update that extends the life of the CRA for 15 years, with a five (5) year sunset provision if the SMCRA does not complete a significant financing transaction involving TIF revenue pledge within the five (5) year period. 48 . . 0%.-,n16t_.a--LA-- C101APIAMC Legislative Matter Page 5 of 5 Tony E. Crapp, Sr. Assistant County Manager Amended Agenda Item No. 5(L) Page No. 3 Amended Approved Mayor Agenda Item No. 5(L) Veto 5-3-05 Override flQ= I agendas I Mlmdes I Legistative Search I Lobbyist Ree#stratian I t.eoislom Rewd 2006 BCC Meeting Calendar I Miami -Dade County Coda of Ordinan0es ' lt_= '; i ! � � _.! � ��.'S.1 - l,` l:� �1 l=1';l' f, %ltl� 7 ��:�.^..':L•11_=l E-=U your comments. questions and suggestions to Webmaster Web Site ® 2006 Miami -Dade County. All rights reserved. 49 EXHIBIT 2 tr•• �`��,- _ :rt^r �r��~�a• '.�aG+ti••►iw'�'.. 2'•�ii�7-• �+�':. �.av�'•=ate r.3.R. �;lr T GETE RO.ERTES'`= ADISOSQUbR�,` i� Q ... .t•:i?i}/:'6z t•C. 1'Y r•7,.,.i� , r �� Size- �` •...`..9: .,•. : . ,�i:: r.. Zoniri'r •. ., f�• . ; , • . Pro Value 3Pro T e 6411 SW 59th Place - 09-4025-010-0290 (Franklin 1 Sub PB 5-34 North 112 of Lot 28, Blk 5) 2750 NR $8,000 Vacant Land 6415 SW 59th Place 09-4025-010-0300 (Franklin 2 Sub PB 5-04South 112 of Lot 28 Blk 5) 2750 NR $38.500 Vacant Land *6433 SW 59th Place (Miller Appraisal) 09- 4026-010-0320 (Franklin Sub PB 5-34 Lot 30, Bik 3 5) 5500 NR $460,000 Vacant Land *6429 SW 59th Place 09-4025-010-0310 see combined (Franklin Sub PB 5-34 Lot 29 BLK 5) 09- Purchase Price 4 4026-010-0320 (Franklin Sub PB 5-34 Lot 30 BLK 5) 5500 NR meted Above For PraperWs 3 and 4 Improved Propert *6415 SW 60th Avenue 09-4025-010-0030 Improved 5 Franklin Sub PS 5-34 Lot 2 Less W2.5 Ft BLK 1 5875 NR $285,000 Pro * 6443*SW60th Avenue (Appraisal Group) 09- 4025410-0050 (Franklin Sub PB 6-34 Lot 4 Less Improved 6 W2.5 Ft For R/W BLK 1) 5875 RM 24 $730 000 Property See cambined 7 *6442 SW 59th Place 09-4026-010-0180 (Franklin Sub PB 5-U Lot 17 Less E27.5 Ft. BLK 3 4625 NR Purchase Price Listed Above For Properties 6 and 7 Improved p Property 20 SW 69th Place(Miller Appraisal) 09- 4025-010-0160 (Franklin Sub PS 5-34 South 112 8 Lot 15 Less R1W BLK 3) 2203 NR $30.800 Vacant Land SW#i Place Between 64th Street and 66t ISw Street 09-4026-010-0181 (Franklin Sub PB 6-34 9 Parc 20-19 AKA E 27.5 Ft. of Lot 17 BLK 3) 1375 NR $19.000 Vacant Land SW 59th Place Setween 64th Street an 66t Street 09-4026-010-0191 (Franklin Sub PB 5-34 10 Parc 20-19 AKA E 27.5 Ft. of Lot 18 BLK 3) 1375 NR $19.000 Vacant Land 50 11 West Side of 59th Place 09-4025-010-0170 (Franklin Sub PB 5-34 Lo 16 Less R/W BLK 3) 100' South of SW 64th Street 4628 NR $64,800 Vacant Land 12 6457 SW 60th Avenue 09-4025-010-0060 (Franklin Sub PB 5-34 Lot 5 Less W 2.5 Ft. BLK 1) 5875 RS-4 $200,000 Improved Property 13 6429 SW 60th Avenue 09-4025-010-0040 (Franklin Sub PB 5-34 Lot 3 Less 2.5 Ft. for R/W BLK 1) 5875 NR $320.000 Improved Property 14 ace (Franklin Sub PB 5-34 N 1/2 of Lot & Port of Lot 14 Desc Beg 35 FTE & 20 FTs of NW Cor of Lot 14 TH E 15.6 FT. Sely AD 42.44 FT. W 42.93 Ft N30 FT. To POB BLK 3 3143 NR $135,000 Improved Property 15 6460 SW 59th Place 09-4025-010-0190 (Franklin Sub PB 5-34 Lot 18 Less E27.50 Ft BLK 3) 4625 NR $96.000 Improved Property TOTAL 61974 * Properties under contract to be purchased by the SMCRA. UP F �4�l.S.i.I�4E6%VALQJg (ALL Npks MC +v+E��ri3.` 1:COI!}TR/CT.BY MCRA)14PARCELS3XUNDERt,inF" TQTA APPRAISEDVALUE(ALLPpRCELS);�+te',. x TOTAL PROJECTED VALUE r $2,6.40,048'. c n..i v. � ._ ... Vehu P :.. ' q: -_'�e PROJECTED LARD VALUE AppralwC: Vohro "Bod N' 8w Pmoanmge i vw" AEoMs Appel d by Ilia SMCRA fol Pmpatiea 3,4,5,8 mE 7 ". 51 SouthMiami CRALoan $2MM Amortization Table 05 25 2006 (2) Sample Amortization Table (City of South Miami CRA) --15 Years EXHIBIT 3 Initial Data LOAN DATA TABLE DATA Loan amount $2,0009000.00 Table starts at date: Annual interest rate: 4.83% or at payment number. 11 Term in years: 115 Payments per year. 4 Total Cash Outlay: First payment due: 10/1/2006 PERIODIC PAYMENT Entered payment: The table uses the calculated periodic payment amount Calculated payment $47,046.13 unless you enter a value for "Entered payment". CALCULATIONS Use payment of: $47,046.13 Beginning balance at payment 1: 2,000,000.00 1st payment in table: 1 Cumulative interest prior to payment 1: 0.00 Table Payment Beginning Ending Cumulative No. Date Balance Interest Principal Balance 11,977,103.871 Interest 1 10/1/2006 2,000,000.00 24,150.00 22,898.13 24,150.00 2 1/1/2007 1,977,103.87 23,873.53 23,172.60 1,953,931.27 48,023.53 3 4/1/2007 1,953,931.27 23,593.72 23,452.41 1,930,478.86 71.617.25 4 7/1/2007 1.930.478.86 23,310.53 23,735.60 1,906,743.26 94.927.78 5 10/1/2007 1,906,743.26 23,023.92 24,022.20 1,882,721.06 117,951.71 6 1/1/2008 1,882,721.06 22,733.86 24,312.27 1,858 408.79 140,685.56 7 4/1/2008 1.858.408.79 22,440.29 24,605.84 1,833,802.95 163,125.85 8 7/1/2008 1,833,802.95 22,143.17 24.902.96 1,808,899.99 185,269.02 9 1011/2008 1,808,899.99 21,842.47 25,203.66 1,783,696.32 207111.49 10 1/1/2009 1,783,696.32 21,538.13 25,508.00 1,758,188.33 11,706,244-59 228,649.62 11 4/1/2009 1,758,188.33 21,230.12 25,816.01 1,732,372.32 249.879.74 12 7/1/2009 1,732,372.32 20,918.40 26127.73 270 798.14 13 10/1/2009 1,706,244.59 20.602.90 26,443.23 1,679,801.36 291,401.04 14 1/1/2010 1,679,801.36 20,283.60 26,762.53 1,653,038.84 311,684.65 15 4/1/2010 1,653,038.84 19,960.44 27,085.69 1,625,953.15 331,645.09 16 7/1/2010 1,625,953.15 19,633.38 27,412.74 11,542,717.89 1.598.540.41 351,278.47 17 10/1/2010 1,598,540.41 19.302.38 27,743.75 1,570,796.65 370.580.85 18 1M/2011 1,570,796.65 18.967.37 28,078.76 389,548.22 19 4/1/2011 1,542,717.89 18,628.32 28.417.81 1,514,300.08 408,176.54 20 7/1/2011 1.514.300.08 18,285.17 28,760.96 1,485,539.13 426,461.71 21 10/1/2011 1,485,539.13 17,937.88 29,108.24 1,456 430.88 444,399.60 22 1/1/2012 1,456,430.88 17,586.40 29,459.73 1,426,971.16 461,986.00 23 4/1 /2012 1,426, 971.16 17,230.68 29, 815.45 1, 397,155.70 479,216.68 24 7/1/2012 1,397,155.70 16,870.66 30,175.47 1 366.980.23 496,087.33 25 10/1/2012 1.366.980.23 16,506.29 30,539.84 1,336,440.39 912,593.62 26 1/1/2013 1,336,440.39 16,137.52 30,908.61 1,305,531.78 528.731.13 27 4/1 /2013 1, 305, 531.78 15,764.30 31, 281.83 1.274.249.94 544,495.43 52 Page 1 SouthMiami CRALoan $2MM Amortization Table 05 25 2006 (2) 28 7/1/2013 1,274,249.94 15,386.57 31,659.56 1,242,590.38 559,882.00 29 10/1/2013 1,242,590.38 15,004.28 32.041.85 1.210.548.53 574,886.28 30 1/1/2014 1210,548.53 14,617.37 32,428.76 1,178,119.78 589,503.65 31 4/1/2014 1,178,119.78 14.225.80 32,820.33 1,145,299.44 603,729.45 32 7/1/2014 1,145,299.44 13,829.49 33,216.64 1,112,082.80 617,558.94 33 10/1/2014 1,112,082.80 13,428.40 33 617.73 1,078,465.07 630.987.34 34 1/1/2015 1,078,465.07 13,022.47 34.023.66 1,044,441.41 644.009.80 35 4/1/2015 1,044,441.41 12,611.63 34,434.50 1,010,006.91 656.621.43 36 7/1/2015 1.010.006.91 12,195.83 34,850.30 975,156.62 668.817.27 37 10/1/2015' 975,156.62 11,775.02 35,271.11 939,885.50 680.592.28 38 1/1/2016 939,885.50 11,349.12 35,697.01 904,188.49 691,941.40 39 4/1/2016 904,188.49 10.918.08 36,128.05 868.060.44 702.859.48 40 7/1/2016 868.060.44 10,481.83 36,564.30 831,496.14 713,341.31 41 10/1/2016 831,496.14 10,040.32 37.005.81 794,490.33 723.381.62 42 1/1/2017 794,490.33 9,593.47 37.452.66 757,037.67 732,975.09 43 4/1/2017 757,037.67 9,141.23 37,904.90 719,132.77 742.116.32 44 7/1/2017 719,132.77 8,683.53 38,362.60 680,770.17 750,799.85 45 10/1/2017 680 770.17 8,220.30 38,825.83 641,944.34 7591020.15 46 1/1/2018 641,944.34 7,751.48 39,294.65 602,649.69 766,771.63 47 4/1/2018 602,649.69 7,276.99 39,769.13 562,880.55 774,048.62 48 7/1/2018 562.880.55 6,796.78 40,249.35 522,631.21 780,845.41 49 10/1/2018 522,631.21 6,310.77 40.735.36 481,895.85 787,156.18 50 1/1/2019 481,895.85 5,818.89 41,227.24 440,668.61 792,975.07 51 4/1/2019 440 668.61 5,321.07 41,725.06 398,943.56 798,296.14 52 7/1/2019 398,943.56 4,817.24 42,228.89 356,714.67 803,113.39 53 10/1/2019 356,714.67 4,307.33 42,738.80 313,975.87 807,420.72 54 1/1/2020 313.975.87 3.791.26 43.254.87 270,721.00 811,211.98 55 56 4/1/2020 711/2020 270,721.00 226,943.83 3,268.96 2,740.35 43,777.17 44,305.78 226,943.83 182,638.04 814,480.93 817,221.28 57 10/1/2020 182,638.04 2.205.35 44.840.77 137 797.27 819,426.63 58 1/1/2021 137,797.27 1,663.90 45,382.23 92,415.04 821,090.53 59 4/1/2021 92,415.04 1,115.91 45,930.22 46,484.82 822,206.45 60 7/1/2021 46.484.82 561.30 46,484.82 0.00 822,767.75 Estimated Annual Payment on Loan: $1889184.52 Quarterly Payment Requirement on Loan: $47,046.13 53 Page 2 WHEREAS, given the existence of the tax increment financing mechanism, it is not required that the City of South Miami become a principle participant in any future bond financing agreements. NOW THEREFORE BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SOUTH M M, FLORIDA THAT: Section 1. The above whereas clauses are incorporated by reference. Section 2. The South Miami Community Redevelopment Agency (SMCRA) authorizes the Executive Director to seek County approval for an extension of the life of the Agency for a total of fifteen years; in addition to asking the County to pledge a portion of their share of matching tax increment financing revenues to partially retire the bond amount of $2,000,000 required to purchase the remaining properties to develop Madison Square. Section 3. The South Miami Community Redevelopment Agency (SMCRA) authorizes a pledge of the City's portion of matching tax increment financing revenues to retire the remaining balance of a $2,000,000 bond required to purchase the remaining properties to develop Madison Square. Section 4. The SMCRA shall seek City of South Miami approval and subsequent approval from Miami -Dade County for the above referenced extension of the life of the SMCRA Agency and TIF revenue pledge. Section 5. This resolution shall take effect immediately upon adoption. PASSED AND ADOPTED this 25`h day of Ma. 2006. ATTEST: SECRETARY READ AND APPROVED AS TO FORM: GENERAL COUNSEL APPROVED: CHAIRPERSON Board Vote: 6-1 Chair Feliu: Yea Vice Chair Wiscombe: Yea Member Palmer. Yea Member Birts: Yea Member Beckman: Nay Member Ellis: Yea Member Williams: Yea My D0=n= %CRA RESOLUTIONS 2006%M Reso - Tff Pledge and Extension (OS-2S-06 mecting).doc 55 DUFF&PHELPS Fixed Asset Accounting Ledger ofCRAAssets (1012018-0912019) As ofSeptemher3o,2019 (REVISED REPORT fly of South Miam South Miami, Florida PROP: OVI SINGLE FAMILY OWE111ND MMUNm REDEYELOPMEM CLOG: 001 SINGLE FAMILY DUELLING ROOM: ASSET CLA59 10 NUMBER CODE M OESCRIPRON 19>C ..W. O50 i SNGE PAUIO 01YELLING 11. SNSCAT. i1E11L TOTAL ROOM TOU. NINE: R01 SINGLE FAMILY DWELLING TOTAL PROP: an SINGLE FAMILY OWELLIN"OMMUMIY REDEYEIAPMENT Am. SRO HISTORICAL ACCOM No1100N MMWL MFOR M006 SOUL RATE UK WOE COST OEPR VALUE DUN $35 SOR Iv. So. E :85.== 11.1. 210.900.GO 5.1W.W 195MOM TASOOAO 9901M.00 0".. ]15AOOA0 'AAA040 2W.E00A0 5.100A0 PNS.0000O IA.OA0 99G.900AN 5.1NOA0 56 fy4FR IOMOS-OI INYUN .191 . I RVAN oU]NMXI OI.. P.Olds DUFF&PHELPS Fixed Asset Accounting Ledger of CPA Assets (1012018 - 0912019) AS of September 30, 2019 (REVISED REPORT City of South Mlam South Miami, Florida aMOP.m& 001 MOmFLMILY 3 OR MORE COMMXXItt XEOLVELOFNFM ROOM001 MOLPFLMIlY30X MORE UXN9 ROOM, ASSET CLLSS KD. SRC ID NUMBER CODE 01V DFSCRIRNON MFOR NODFI Sam DATE LIFE CODE 1981 301019B1 0'A t91n6LE fLNRv pWELLING ID6950ft I2300B S.AE C 6<295W 60M LVENVE TOTAL ROOM TOTAL 8106: 002 MULPFSMILY 3 OR MORE UNm TOLL PROP: 014 NLSTORI4L 1000M NETB09N ANNUAL COST DEPR VALUE OUR 93.MIOO 23.9Ni B 68.178q: IB4166 B].i1TA0 2].9B03B REA,N 1 .2A6 92.1]]AR 22.954. 08.12BA2 1Ji2AB "=AD 23.995SB NSATBA2 2 .A' 57 On,rx, 109L1501 1R MM19I . 1 P,:; 2ors DUFF&PHELPS Fixed Asset Accounting Ledger of CRA Assets (1012018-0912019) As of September30,2019 (REVISED REPORT City South Miami of South Miami, Florida PROP: 999 MR000No1R RUN, T/O 9RROUBNOIR p0ptl: "SO ONES AM. SRC NUOU. 1LL RCCUM NO BOOR "am b NUMBER CODE Ott DEPORIPIbN MFOR MOBEL SERYI DAN TO CODE COST DE9R VALUE DEPR ,A. .SE.BE WT 14.VO FAA= FOR MIIMCINL 0037386C CRLPROPE." N.A02"29. OV2006 OM C I.-31A 0 OW 24334M Ow LEE T. 60165W RETPET. 3410 20061420 Wi i LAND FARM. FOR MLVO-AL 0.1351K CR/.PROPERT, MROIAT,0 OVINB 0,93 C 62.6W.00 0. 0... ODD LOF DD30 59285W 64MSi TAIT 20061421 MI 11ANO PARCEL FOR MUFRNP4 .113 AC CRA PROPERP, 09402"65 OT/2006 OM C 200.00 0.00 2M. Ow USE SURD 61 CT 64 TRR 3414 20061424 O01 l UNO PARCEL FOR NUNIC,P4 0.046 AS CRA PREPLAN NAOM410 OWN06 0/J3 C LDO 0. ilp O.W USE 0210 59445W LATH 5T. 1975 20101915 001 14NO PARCEL 4625 SOFT 0Y025,010 12,2006 ONO C J65MO= 0.00 365.000.00 ON oleo U425W 591H PUCE T.I. 20301029 ODl 1LANO PARCEL 550050FT OBJ0I.91 V/A08 Oi90 C 225AOO.W 0.00 215.000.00 O.M N. .,T. S.59iX PACE 1993 201019. US, 1NNOPARCFI 42965BFT W40254M OW2002 ONO C 1N 0.00 LOO 0.N 0110 ER285W 59 PUCE IN, 20102084 001 SUNG PARCEL 349.11 094025000- U/2006 OM C 24,49340 000 24A23,W O.CO 0852 VAGM NO ADDRESS "OD 20102100 001 IUNO PARC4 09402500WB 11=01 ONO C 246364.02 OM 246,364.00 SAO AD fi4BB5W60TXAVE 2.1 NI322349 MI S UO PARCEI FOR MUNIOPAL .92 AC CMPROPERTTOL2013 O,M C 39.98351 000 30.983.52 0.00 USE SW 6ATM lER 6 SY 6LST Ci 6W 20YW6A Wl 1600E SW 065i KNORN 00402M29M O11921 0,M C LAN'DO OM 1.6M.M O.W TOW FE OF 90 LARRINS RE FO(1009A0351129M90 2116 21M2119 Ml l LAND FARM, MR MUNIC,PLL 0.42263 AC CM PROPEPry 094O25086 OY2009 ONO C 42.403M 0.00 42.403. O.M LSE M10 5e25SW SS.ET. 1119 21702118 Ml 1 LAND PARCEL FOR MUNKIP4 0.42263AC CM PROPER, 094026086, OvNN OM C 42.403.B5 O.M .2.103.85 SIM USE 0020 M255W LATH Si. 2i60 2002280 Ml 1 LAND PAAVLFOR MUNICIPLL 0.42263AC CM PROPER,p 025486 OV3006 O,M C 42.403J5 0. 42AC3.85 ON USE M30 5AM. EST. Si. 58 QMnR 1.14 OT 1. ROOM . F M1N,tl oYJlVK2f1 a0]M PaeA3as DUFF & PH E LP S Fixed Asset Accounting Ledger of CRA Assets (10/2018 - 09/2019) As of September30. 2019 (REVISED REPOR City of South Miam South Miami, Florida PROP. 999 THROUGHOUT BWO: T/0 MR000NOUT ROOM: _ ASSET CU35 A". 5RC 144TORICLL RCCOM NETOOON ANNUAL ID NUMBER WOE OW DESCRIPTION MFOR MODEL SOME DATE LIFE MOE COST Own VAWE OUR 2181 2110218, 001 10.u0 PARCEL FOR MVNKIPAL 0A2263AC CRAPROPERT 094029086 OV2006 OM C AM0385 ON 42.403.85 OLO VSE WCD 99255W fi6T151. 2792 21702792 003 1 NNO PIPCEL 10PALUA.P4 OA2N3 AC CRA PROPERTY 09AM5086GUNN OM C 42.403.85 AM .1..l5 ON WE 0050 5825 S,"IN 51. 229J 21I02293 601 14NO PARCEL iOA MUNEID4 O.t2]6J AL CPA PPOPERT M4025086 OV]006 OM C <2.i0385 0. 62.10385 O.W ME MR '25 Sw 69M 51. 11" 211027M WI I LAND PARCEL FOR NUaLP4 MQ263AC CRA PROPERT 094025086, OV2W6 OM C 12A0285 O.M AI.Q.5 OD] WE MID 58255w 681. SI. 2165 21,021" 001 11PND PARCEL FOR MVN&IP4 Oe$]fi3K CRA PROPERT, 0 25O86- OV20Dfi 0= L 03403.115 O.W <},<0385 ON ME Dow 58255w68Msl. 2196 2IM2186 Wl 1 LAND PARCEL FOR MVMCIP4 OA2263AC CRA PROPERT, 0G Msass OVMC6 O,OO L 02.00385 0.W 6I.M3M OM ME D 90 56255W 661x 51. 2191 21102152 W1 1 LAND PARCEL FOR MUNKIFAL DA2263 AC CM PROPERn D9d02"M OV2O09 GFO C 42f0MS ON 41.403M 0.00 USE 0AM 6625 SW. SL. 2186 23102189 003 1 LAND PARCEL FOR MURKIPAL OA2263 AC CM PROPER, Mw025096 OV2006 om C 42.403,85 0.00 P[,a0385 OM ME DIN 5825 SW GRIN ST. 1169 2110PB9 001 I LAND FARCM FOR MUNICIP4 0d2263AC CM PROPER, O`IM2 M. OV200fi CM C <2A0385 o. 62.A0385 OM USE 0110 592551N69M 5T. 21M 2110219G MB I LAND PARCEL FOR MUNKIP4 0.42263AC CM PROPER, DIMO.U86 OV. OiM L 42A03.85 ON 42.40385 OM USE OLN SU55W 681N 51. NEE 20LD.92 0. 1 PENOVA,ON OF MOULD PPOP OW2020 MAKI L E9.612.M 9.19LA0 39.111. AD 919K 2093 =102093 050 1 FACILMA MMMENANCE 091WOO MM0 C 421.912.M 943S2.40 331,52980 6.639.21 2096 MONO$ GSC 1M09LE .UUU",D 09120G1 MMO C 430.MOM 163AM.M 266.60.M 6.60CM 58255W68DI51REEI 2091 20302091 OM I MVL,.FAMILY 3 OR MOPE OV]OOfi M100 C 169,608M •1,43i, $C 121,913.16 3399.1. UNGS 6442 SW 59TH PLACE TOTAL Room: ]..3LAMMT 305.01 2.3NAUI. ]La058< TOTAL BWO: T/O THROUGHOUT ],O31.i25-1 3058]LI4 2AN..I.63 ]i00580 59 Wrq 1MI1s01 IFIgW[RWEp) 9mN' 1 wInIN oyJgM2o wol Gm P6ge a ors DUFF&PHELP$ Fixed Asset Accounting Ledger of CRA Assets (1012018-0912019) As of September 30. 2019 (REVISED REPORT City of South Mlam South Miami, Florida PROP: 999 WROUOMOUE 8100: 7/0 WR000N0UE ROOM: A95ET IB NUMBER TOTAL PROP: 999 TRROUONOUT DUMB TOTAL C14S5 ACO. SRC NMTORICAL M%UM NEEBOOR ANN. CODE CITY DESCRIPTION MPOR MODEL SERML DATE LIFE MOE MET BRAD VALUE DERR 2AI3 L51 303.O11LA 3d3B.10153 }L.00EAA 34003RLSl 403.005.01 2.905.195.95 16.94950 60 fmrn 109315 01 IReun' 1MDLR1 mnr L nnief PVJO/.tlhlwwpm Pi O.SAs INTERLOCAL COOPERATION AGREEMENT BETWEEN MIIAMI-DADS COUNTY AND THE CITY OF SOUTH MIAMI RELATING TO THE SOUTH MIANII COMMUNITY REDEVELOPMENT AGENCY THIS INTERLOCAL COOPERATION AGREEMENT ("Agreement'), made this 16 day of September, 2020, by and among Miami -Dade County, Florida, a political subdivision of thb State of Florida ("County'l, and the City of South Miami, a municipal corporation under the laws of the State of Florida ("City'j; and WHEREAS, on December 3,1996, by Resolution No. R-1374-96, the Miami -Dade County Board of County Commissioners ("County Commission') delegated certain powers conferred on the County Commission by the Community Redevelopment Act to the City Commission of the City of South Miami ("City Commission') for the establishment of a community redevelopment agency, and WHEREAS, on April 15, 1997, by adoption of Ordinance No. 12-97-1633, the City Commission accepted the delegation of powers from the County Commission and created the South Miami Community Redevelopment Agency ("SMCRA'j; and WHEREAS, the County Commission approved the SMCRA Community Redevelopment Plan ("Plan') by Ordinance No. 98-79, and interlocal agreement with the City Commission and the SMCRA by Ordinance No. 99-100, funding of the Plan and establishment of a Trust Fund by Ordinance No. 98-80, and subsequent Plan amendments by Resolution Nos. R-327-04 and R-466-05; and WHEREAS, on September 12, 2006, the County Commission adopted Resolution No. R-931-06, which, among other things, extended the life of the SMCRA until June 1, 2020; and WHEREAS, the City desires to sunset the SMCRA and did not approve the SMCRA's request to extend the authority of the SMCRA beyond June 1, 2020; and WHEREAS, in light of the upcoming end to its authority, on March 2, 2020, the SMCRA passed Resolution No. 020-2Q-1 5460 authorizing the chairperson of the SMCRA to execute any and all documents and to take any and all action necessary to transfer to the City all of the SMCRA's interest in the real and personal property of the SMCRA; and WHEREAS, there are several capital projects in the Plan that were started by the SMCRA which will not be completed by June 1, 2020 and which the City desires to complete using the Trust Fund money included in the SMCRA budget for FY 2019-20, that was approved by the County Commission on February 19, 2020, in Resolution No. R-204-20; and WHEREAS, the City and the County now desire to enter into this Agreement to approve the terms and conditions for phasing out the SMCRA and disbursing of the real and personal property previously held by the SMCRA. NOW, THEREFORE, in consideration of the premises and the mutual covenants recorded herein, the County and the City agree as follows: 1. Sunset — Effective June 1, 2020, the SMCRA will be sunset. 2. Real Property — In accordance with section 189.076, Florida Statutes, any real property listed in Exhibit A ("Real Property') will, upon the sunset of the SMCRA, or upon the transfer of the same by the SMCRA to the City, whichever occurs first, become assets of the City. The City will be solely responsible for the Real Property. The County will have no interest or liability in the Real Property. 3. Projects — The City will be responsible for the projects listed below and in Exhibit B ("Project(s)'l. The City shall comply with the SMCRA's allocation for the Project(s), as approved in the SMCRA's FY 2019-20 budget. This funding will be held in special accounts as deemed appropriate for the purpose as set forth in this section and shall not be commingled with funds used for purposes other than the Project(s). In the event that: (i) the Projects) is no longer feasible; (ii) the funding (or any portion thereof) for the Project(s) is no longer needed by the City for the Projects); (iii) there is any fraud or misuse of the funds by the City or its contractor or supplier, as determined by the County; or (iv) the Project(s) are not completed by June 1, 2022, the City shall refund the County its proportionate share of the budgeted funding as outlined in Section 5 below no later than June 30, 2022. The City shall provide the County with progress reports on the Projects on a quarterly basis until such Projects have been completed. The following projects and project amounts will be transferred to the City: Pedestrian Bridge Design $433,333 60' Street & Sunset Drive $433,333 Total Funding: . 866 666 4. Closeout — In accordance with section 189.076, Florida Statutes, the City shall be solely responsible for any and all closeout matters associated with the SMCRA, which include, but are not limited to, any utility accounts, contractual obligations, etc. 5. Trust Fund Revenues — On June 1, 2020, any and all revenues in the SMCRA Trust Fund, with the exception of the revenues transferred to the City for the Projects set forth in Section 3 of this Agreement, shall be returned to each taxing authority in the same manner as each taxing authority contributed into the Trust Fund in FY 2019-20. 6. Indemnification — Subject to the limitations of section 768.28, Florida Statutes, as may be amended, the City shall indemnify, defend, and hold harmless the County and its officers, employees, agents and instrumentalities from any and all liability, losses, or damages, including attorney's fees and costs of defense, which the County or its officers, employees, agents or instrumentalities may incur as a result of claims, demands, suits, causes of actions or proceedings of any kind or nature arising out of, relating to, or resulting from this Agreement or the City's management of the Projects and the Real Properties set forth in Sections 2 and 3 of this Agreement. The City shall pay all claims and losses in connection therewith *and shall investigate and, at the option of the County, defend all claims, suits, or actions of any kind or nature in the name ofthe County, where applicable, including appellate proceedings, and shall pay all costs, judgments, and attorney's fees which may issue thereon. The City expressly understands and agrees that any insurance protection required by this Agreement or otherwise held by the City or self-insurance shall in no way limit the responsibility to indemnify, keep, and save harmless and defend the County or its officers, employees, agents and instrumentalities as herein provided. 7.. Audits and Access to Records - The County, or its duly authorized representatives or governmental agencies, until the expiration of three (3) years after the expiration of this Agreement and any extension thereof, shall have access to and the right to examine and reproduce any of the City's books, documents, papers, and records, as well as those of the City's subcontractors and suppliers, which apply to any matter relating to this Agreement and the transactions and Projects contemplated herein. The City shall ensure that all such records relating to this Agreement and the transactions and Projects contemplated herein conform to Generally Accepted Accounting Principles requirements, as applicable, and agrees to maintain an accounting system that provides accounting records that are supported with adequate documentation, and adequate procedures for determining the allowability and allocability of costs. Pursuant to Section 2-481 of the Code of Miami -Dade County, the City will grant access to the Commission Auditor to all financial and performance related records, property, and equipment purchased in whole or in part with Trust Fund money. S. Miami -Dade County Inspector General-- The County shall have the right to retain, at its sole cost, the services of an independent private sector inspector general whenever the County deems it appropriate to do so, in accordance with Miami -Dade County Administrative Order No. 3-20. Upon written notice from the County, the City shall make available to the independent private sector inspector general retained by the County all requested records and documentation for inspection and reproduction. Additionally, the City shall submit to the County's Inspector General's review in accordance with Section 2-1076 of the Code. The County's Inspector General shall be empowered to review past, present and proposed the City's contracts, transactions, accounts, records, agreements and programs at a minimum annually audit, investigate, monitor, oversee, inspect and review operations, activities, performance and procurement process, including but not limited to, project design, specifications, proposal submittals, activities of the City and its officers, agents and employees, lobbyists, staff and elected officials to ensure compliance with contract specifications and to detect any fraud and/or corruption. 9. Severability - If this Agreement contains any provision found to be unlawful, the same shall be deemed to be of no effect and shall be deemed stricken from this Agreement without affecting the binding force of this Agreement as it shall remain after omitting such provision. 10. Termination - This Agreement shall terminate thirty (30) months from the effective date. The parties acknowledge that any of the obligations in this Agreement which would by nature continue beyond the termination, cancellation, or expiration thereof, including but not limited to the City's obligation to indemnify the County, will survive the termination, cancellation, or expiration hereof. It. Amendments — This Agreement may be amended only by a written agreement signed by the City and the County. Failures or waivers to insist on strict performance of any condition or provision of this Agreement by the County shall not be deemed a waiver of any rights or remedies, nor shall it relieve the City from performing any subsequent obligations strictly in accordance with the term of this Agreement. 12. Local, State, and Federal Compliance Requirements — The City agrees to comply with any and all applicable federal, state, and local laws, regulations, ordinances, resolutions, and rules which may pertain to this Agreement and the transactions and Projects contemplated herein. 13. Governing Law and Venue — This Agreement is made in the State of Florida and shall be governed according to the laws of the State of Florida. Venue for this Agreement shall be Miami -Dade County, Florida. 14. Autonomy and Third Parties —The City does not have the power or authority to bind the County in any promise, agreement, or representation other than specifically provided for in this Agreement. The parties expressly agree that there are no intended or unintended third -party beneficiaries to this Agreement. 15. Totality of Agreement - This Agreement, along with Exhibits A, contain all the terns and conditions agreed upon by the parties. [SIGNATURES APPEAR ON THE FOLLOWING PAGE] IN WITNESS WHEREOF, the parties hereto caused this Agreement to be executed in their names by their duly authorized officers and the corporate seals to be affixed hereto, all as of the day and year first above written. CITY OF SOUTH MIAMI MIAMI-DADE COUNTY By: AM40�77 By: For Carlos A. Gimenez Mayor ATTEST By: I 4 % l City CI rk Approved for form and legal sufficiency / � l B : City Attorney ATTEST L-A Approved for form and legal sufficiency By A ' ffint County Attorney '