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10-20-09 Item 20South Miami IUI- amedcaNy CITY OF SOUTH MIAMI 1111111, OFFICE OF THE CITY MANAGER 2001 INTER - OFFICE MEMORANDUM To: The Honorable Mayor Feliu and Members of the City Commission Via: City Manager From: Stephen David, SMCRA irector Date: October 20 2009 ITEM No. D SUBJECT: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI; APPROVING A BUDGET FOR THE SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY (SMCRA) FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2009 AND ENDING SEPTEMBER 30, 2010; AUTHORIZING THE EXPENDITURE OF FUNDS ESTABLISHED BY THE BUDGET; AUTHORIZING THE AGENCY TO SUBMIT THE BUDGET TO MIAMI -DADE COUNTY FOR APPROVAL; PROVIDING SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. BACKGROUND The SMCRA annual fiscal year budget is approved by resolution of the City of South Miami Community Redevelopment Agency (SMCRA) Board and by the South Miami City Commission. Revenues contained in the SMCRA annual budget are derived from tax increment financing contributions from both the City of South Miami and from Miami - Dade County. Tax increment revenues are generated from increases in the City of South Miami's tax base due to on -going redevelopment in the City's established Community Redevelopment Area. A publicly noticed budget workshop was conducted during a Special meeting of the SMCRA Board on September 23, 2009 and based on recommendations provided during the workshop, the annual budget was finalized and subsequently approved during a final budget hearing on October 12, 2009. Approval of the attached resolution shall authorize the expenditure of funds contained in the FY 2009 -2010 SMCRA Budget. Following approval by the City Commission, the adopted budget shall be transmitted to the Miami -Dade County Tax Increment Financing Committee, the Economic Development and Human Resources Committee and County Commission for final approval. RECOMMENDATION Staff recommends approval of the attached resolution authorizing the expenditure of the funds contained in the FY 2009 -2010 Budget and subsequent transmittal of the budget to Miami -Dade County for final approval. Attachments: Draft Resolution SMCRA Board Budget Approval (Resolution No. CRA 36 -09 -408) FY 2009 -2010 SMCRA Budget Package Y: SMSMCRA/CityCommissionReport 10- 20- 09.doc I 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 RESOLUTION NO. A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI; APPROVING A BUDGET FOR THE SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY ( SMCRA) FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2009 AND ENDING SEPTEMBER 30, 2010; AUTHORIZING THE EXPENDITURE OF FUNDS ESTABLISHED BY THE BUDGET; AUTHORIZING THE AGENCY TO SUBMIT THE BUDGET TO MIAMI -DADE COUNTY FOR APPROVAL; PROVIDING SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the SMCRA is a Community Redevelopment Agency which is a municipality located in South Miami, Miami -Dade County, Florida, created under the Interlocal Cooperation Agreement between the City of South Miami and Miami -Dade County; and, WHEREAS, on September 23, 2009, the SMCRA conducted a publicly noticed budget workshop to discuss the proposed FY 2009 -2010 Budget; and WHEREAS, a public hearing on the proposed FY 2009 -2010 Budget was held by the SMCRA on October 12, 2009 at South Miami City Hall, 6130 Sunset Drive, South Miami, Florida 33143; and, WHEREAS, the amount of funds available equals the total appropriations for expenditures and reserves. NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA: Section 1. The above recitals are true and correct and are incorporated herein by reference. Section 2. The Budget of the South Miami Community Redevelopment Agency (Attached as Exhibit A) for the fiscal year beginning October 1, 2009 and ending September 30, 2010, was considered at a public hearing and is approved and adopted. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 Section 3. The Budget shall be transmitted to Miami -Dade County pursuant, City /County Interlocal Cooperation Agreement for the SMCRA Agency. Section 4. The funds appropriated in the budget may be expended in accordance with the provisions of the budget, the Community Redevelopment Plan, and as authorized by the law. PASSED AND ADOPTED this day of October, 2009. ATTEST: APPROVED: CITY CLERK READ AND APPROVED AS TO FORM: CITY ATTORNEY SMCRA/ FY 2009 -2010 Budget Approval Resolution.doc MAYOR COMISSION VOTE: Mayor Feliu: Vice Mayor Beasley Commissioner Palmer: Commissioner Newman: Commissioner Sellars: RESOLUTION NO. CRA 36 -09 -408 A RESOLUTION OF THE SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY ( SMCRA) AGENCY APPROVING A BUDGET FOR THE SMCRA AGENCY FOR, THE FISCAL YEAR BEGINNING OCTOBER 1, 2009 AND ENDING SEPTEMBER 30, 2010; AUTHORIZING THE EXPENDITURE OF FUNDS ESTABLISHED I BY THE BUDGET; AUTHORIZING THE AGENCY TO SUBMIT THE BUDGET TO MIAMI -DADE COUNTY FOR APPROVAL; PROVIDING SEVERABILITY; AND PROVIDING. FOR AN EFFECTIVE DATE. WHEREAS, the SMCRA is a Community Redevelopment Agency which is a municipality located in South Miami, Miami -Dade County, Florida, created under the City /County Interlocal Cooperation Agreement; and, WHEREAS, on September 23, 2009, the SMCRA conducted a publicly noticed budget workshop to discuss the proposed FY 2009 -2010 Budget; and WHEREAS, a public hearing on the proposed FY 2009 -2010 Budget was held by the SMCRA on October 12, 2009 at South Miami City Hall, 6130 Sunset Drive, South Miami, Florida 33143; and, WHEREAS, the amount of funds available equals the total appropriations for expenditures and reserves. NOW THEREFORE BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SOUTH MIAMI, FLORIDA THAT: Section 1. The above recitals are true and correct and are incorporated herein by reference. Section 2. The Budget of the South Miami Community Redevelopment Agency (Attached as Exhibit A) for the fiscal year beginning October 1, 2009 and ending September 30, 2010, was considered at a public hearing and is approved and adopted. Res. No. 36 -09 -408 Section 3. The Budget shall be transmitted to Miami -Dade County pursuant, City/County Tnterlocal Cooperation Agreement for the SMCRA agency. Section 4. The funds appropriated in the budget may be expended in accordance with the provisions of the budget, the Community, Redevelopment Plan, and as authorized by the law. PASSED AND ADOPTED this 12t-h day of October, 2009. ATTEST: APPROVED: SECRETARY ERSON READ AND APPROVED AS TO FORM: GENERAL CO S SMC RA\Budget Approval Resolution FY 2009- 2010.doc Board Vote: 6 -0 Chairperson Feliu: Yea Vice Chairperson Beasley yea Board Member Palmer: yea Board Member Newman: yea Board Member Sellars: Yea Board Member R. Williams: yea Board Member L. Williams: absent z 00 . SMCRA SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY 2009 -2010 PROPOSED BUDGET ; 2009 -2010 SMCRA ADOPTED BUDGET October 12, 2009 z 00 �I ll SMCRA SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY 2009 -2010 PROPOSED BUDGET Ut' .. October 12, 2009 loot Making our Neighborhood o Great Place to live, Work and Play' October 12, 2009 SMCRA Chair Feliu; Vice Chair Beasley; Board Members Palmer; Newman; Sellars; R. Williams; and L. Williams, RE: SMCRA FY 2009 -2010 PROPOSED BUDGET MESSAGE Honorable Chair, Vice Chair and SMCRA Board Members: During FY 2008 -2009 the Agency received a total of $1,516,771 in tax increment revenues from both the City of South Miami and from Miami -Dade County. In anticipation of a revenue shortfall for the upcoming fiscal year, the Agency has been relatively conservative with respect to expenditures whenever possible. Although over 100% of all tax increment financing revenues received for the current fiscal year have now been expended, the Agency continues to maintain healthy surplus revenues due to prior year cash carry -over revenues. During the 2008 -2009 budget approval process, consensus was reached by the Board to intently focus on the acquisition of blighted properties in the SMCRA area for the development of affordable housing. Based on this directive, the Agency has acquired over 53,500 square feet of blighted properties during FY 2008 -2009 for a total funding expenditure of $698,000. These property purchases comprise a total of approximately eight (8) new potential housing lots. Also during the 2008 -2009 Fiscal Year, the Agency facilitated construction of five single - family affordable homes in the District on Agency owned properties. Two of the new homes were sold to "moderate" income households and the remaining three homes were sold "low" income families. In an effort to facilitate this affordable housing development initiative, the Agency has also disbursed a total of $50,000 in affordable housing purchase assistance funding as part of the SMCRA Mortgage Assistance Program. In terms of total land acquisition, the Agency currently owns approximately 127,000 square feet property intended for affordable housing and economic development purposes. During FY 2008 -2009, the Agency also continued to fulfill its debt service obligations on a previously obtained 2.73 million dollar land acquisition bond used to acquire a 65,000 square feet property assemblage intended for mixed -use affordable housing development. During FY 2008- 2009, the Agency expended a total amount of $298,000 for the purpose of debt service on the loan. As a result of purchasing the aforementioned properties, the Agency also became responsible for providing property management services for residential rental properties obtained in anticipation of future development. The total amount expended for property management services for FY 2008- 2009 was $46,000. This amount includes payments for property maintenance, required repairs, property tax and general liability insurance. Incurred The total property management expenditures incurred during FY 2008 -2009 were however offset by rental revenues received by the Agency in the total amount of $45,000. In recent years, the SMCRA Board has also continued to devote much needed attention to improving existing infrastructure in the District. As a direct result of these infrastructure improvement initiatives, several infrastructure improvement projects were completed during FY South Miami Community Redevelopment Agency 6130 SUNSET DRIVE SOUTH MIAMI, FLORIDA 33143 PHONE: 305- 668 -7236 FAX: 305- 663 -6345 WWW.CITYOFSOUTH MIAMI.NET 2008 -2009. Most notable amongst these completed infrastructure projects was Phase I of the SW 66th Streetscape and Infrastructure Enhancement Project. As a result of SMCRA funding contribution in the amount of $83,500, this major arterial has now been transformed into a pedestrian friendly and functional roadway. From a comprehensive planning standpoint, completion of Phase I of the SW 66th Improvement Project dramatically compliments and supports other major streetscape improvements previously funded by the Board along the length of SW 59th Place. Also based on the will of the Board, $60,633 worth of infrastructure lighting improvements were also implemented during FY 2008 -2009 at Marshall Williamson Park. These improvements have resulted in a substantially safer and user friendly park facility. Completed improvements including prior construction of eth David B. Bethel Pavilion have now set the stage for additional, planned park enhancements including increased recreational activity planning and construction of a recreational building and restroom facility for senior citizen and other area residents. During FY 2008 -2009 the Board also continued to encourage revitalization of existing housing through use of the SMCRA Multi- Family Rehabilitation Program. During the current fiscal year, a total of four multi - family rehabilitation grants were approved and administered by the Agency. These four authorized improvement projects have resulted in a total depletion of funding in the FY 2008 -2009 Residential Rehabilitation Account. In addition, as a result of a recent partnership with the Greater Miami Service Corp, the Agency established a pilot program during FY 2008 -2009 to provide additional housing rehabilitation opportunities and hands -on job training for interested residents. Regarding economic development, the Agency expended a total of $65,000 during FY 2008 -2009 to obtain design and construction drawings for the renovation of the Mobley Building Office Renovation Project. This recommended initiative is identified in the SMCRA Plan which states that the Mobley Building should be targeted for use by start-up business and community service providers. Due to non - compliancy issues related to the existing older building, the Agency was required to obtain numerous development approvals from the City of South Miami and Miami -Dade County during FY 2008 -2009 including subsequently required construction revisions. At this time all required development approvals have been obtained. Final construction is awaiting completion of a required contractor selection process. Following completion of construction, the goals and objectives of the Agency shall be substantially furthered by utilizing the new office space for start- up businesses and local community service providers. Building construction is expected to be completed by Spring 2010. Also during FY 2008 -2009, the Agency has continued during to support community policing and area -wide code enforcement initiatives. By establishing a Police sub - station in the heart of the SMCRA District, an extremely positive influence has now been transplanted into the Community Redevelopment Area. During the current fiscal year, the Agency also allocated a total amount of $194,500 for the specific duties of two full -time police officers and one community oriented code enforcement officer. Also with the intent of encouraging self - sufficiency amongst all area residents, the Board approved scholarship funding for nine aspiring students during FY 2008 -2009 in the total amount of $11,000. Individual Board Members were also directly responsible for facilitating important community objectives through the use of their annual discretionary funding for various community improvement initiatives. 2009 -2010 SMCRA PROPOSED BUDGET This year's total tax increment financing revenue projection is $1,198,079. This total funding amount is based on projected TIF revenues from the City of South Miami in the amount of $642,946 and from Miami -Dade County in the amount of $555,133. This amount also constitutes an overall decrease in TIF funding of $318,692. This year's TIF revenues in addition to surplus reserves realized from prior year cash carry - overs, projected rental revenues received from SMCRA owned rental properties and interest earnings, constitute a total projected FY 2009 -2010 revenue budget of $2,617,789. During the upcoming fiscal year, the Agency intends to continue implementation of several redevelopment initiatives that have proven successful in the past including the purchase and development of blighted properties for new affordable housing opportunities. As a result of properties purchased during the current fiscal year in addition to properties obtained during prior years, the Agency is poised to implement large scale, impact related projects on SMCRA owned property assemblages. Given the current depressed real- estate market and subsequent opportunities to purchase additional property for redevelopment, a total of $560,149 has been allocated in this year's budget for land acquisition. Through utilization of the SMCRA Mortgage Assistance Program, the Agency has been able to retain long -term residents in addition to providing new affordable housing opportunities for existing households. Funding in the amount of $100,000 shall therefore been allocated in the FY 2009 -2010 Budget for affordable housing mortgage assistance to facilitate additional homeownership opportunities. Due to the fact that the improvement of existing infrastructure is critical to the success and long- term sustainable of any redeveloping community, this year's proposed budget contains a total amount of $275,500 to implement additionally needed infrastructure improvement projects. The prior successes of the SW 591h Place and SW 66th Streetscape Improvement Projects undeniably illustrate the importance of providing pedestrian friendly and functional environments for residents to live, work and play. Major infrastructure improvement projects planned for FY 2009 -2010 include: 1. Implementation of a district -wide street lighting improvement master plan; 2. Major roadway improvements to the currently inadequate intersection at SW 59th Place and SW 64th Street; and 3. Construction of a much needed parking lot on currently blighted, vacant property in the SMCRA area. Also contained in the Proposed FY 2009 -2010 Budget is required funding for final construction build -out of the SMCRA owned Mobley Building which shall be utilized to provide new office space for economic development, community service and recreational opportunities for area residents . Final construction build -out including complete construction of the building's interior, exterior building facades and parking lot construction is estimated to be valued at $425,000. This amount has therefore been budgeted for the 2009 -2010 Fiscal Year. Included in this year's budget package is a detailed breakdown of projected revenues and expenditures for the upcoming fiscal year. As per Florida Statute 163, final direction of the Agency's goals, objectives and programs is the ultimate responsibility of the SMCRA Board and shall be provided in accordance with the adopted redevelopment plan for the Agency. The vital importance of each Board Member's input into the process is therefore critical to the success of the U 'W V CW ^G L.L O W LLJ 0 LLJ n/ Z C� G O U Q 2 O U) vJ LU D \W LU N/ L.1.. 0 H LLJ U NO N I1 0 V- C) N I O 0 N LL COM00000000) 64 64 O O 1- — 0 Z O r O O O O I— ti O m N 0 00 � O d) 00 ti OOvtoa) (p tC) r — 64 O)O)�e- N co w LLa69 r �r-N 64 M N r 0 0 O d) O O Z N � t` O O N cN � CO: D 1` (3 C6 O M O) 1-- 00Oj r ONr CO 0 11 r LL OOOOO O OC)cow 0) L O Z O) v v O d' f` O) r M O r- DO ~ Zo N }. 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V W Q Y �% z Z Y Z m m J O W O (� d O P w Q O C1 w O H Q m J 9 J 9 W Q W Q Q Q W W J Q LWL U, ZO w o W Z >> a o H W w O Q W F- O a w 0 Q g¢¢ z z w 01- O a s F- d a U. 0 a F- A a a Ww 0 N 0 N 0 In 0 M 0 N 0 N 0 0 0 0 N 0 In M M M m M Cl) (O I- n Cl) Cl) O N h N r- N n r M ao M ao M ao M o M ao M ao �n U? �n Ln Ln �n "n Ln Ln �n Ln 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (o co (o co co (o 0 (o w w co O n � N n M � (n n (D rn n CD rn Ol n O co T (D rn m s g' H W , A W A � � O a � n, 0 o x d, o rr W w o � 0 N H W ' N m � O � A O U 0 a O � O o N 47 � O O N 0 D � 5 IA '1111o'—SMCRA'� 2001 Making our Neighborhood a Great Place to Live, Work and Play" PROPOSED 2009 -2010 REVENUE & EXPENDITURE BREAKDOWN PROJECTED REVENUES The total projected revenues for FY 2009 -2010 are $2,619,789. The total revenue amount constitutes a relatively significant decease of $276,319 in overall tax increment financing revenues (TIF) received from the City of South Miami and from Miami -Dade County. This can be explained by the overall decrease in assessed property values throughout the entire County. The breakdown of projected 2009 -2010 revenues are as follows: 1. Miami -Dade County TIF Contribution ($555,133); 2. City of South Miami TIF Contribution ($642,946); 3. Projected Interest Earnings ($11,000); 4. Projected Rent Revenues ($90,000); and 5. Surplus Revenue from Prior Year Carry -Over ($1,318,710). PROJECTED EXPENDITURES Infrastructure Improvements Total Funding in the proposed budget for infrastructure and street improvements is $282,000. The following infrastructure improvement projects have been identified for upcoming fiscal year: Parkinq Lot Construction of Currently Blighted Property — The existing business district in the SMCRA area is significantly deficient in terms of available parking. Sufficient parking is critical to the sustainability of any potentially thriving business district. The SMCRA now has an opportunity to contribute to the construction of a much needed parking lot on an existing 31,000 sq. ft. piece of blighted property located at 5890 SW 691h Street. During the 2009 -2010 Fiscal Year, the Agency intends to contribute funding in the amount of $100,000 towards the design and construction of this vital improvement project. District -Wide Street Lighting Improvements.— Critical to revitalization of any redevelopment district is the improvement of its existing street infrastructure. The SMCRA has been a long supporter of successful streetscape improvement projects including the SW 59th Place and SW 66th Streetscape Improvement Projects. Also critical to the success of any community redevelopment area is the enhancement of roadway safety and pedestrian friendliness. In this effort, a lighting improvement master plan has been developed to improve existing lighting conditions along major SMCRA roadways. The following currently deficient roadways have been identified for street lightin improvements during FY 2009 -2010: 1. SW 66th Street from SW 61St Court to SW 581 Avenue; 2. SW 68th Street from SW 59th Place to SW 58th Place and from SW 61St Drive /Court from SW 59th Place to SW 66th Street; 3. SW 62nd Street from SW 62nd Avenue to SW 591h Avenue; and 4. SW 64th Street from SW 62"d Avenue to SW 57th Avenue. Total FY 2009 -2010 budgeted funding for street lighting improvements is $120,000. Streetscape and Traffic Calming Improvements — As part of the construction of the SW 59' Place Streetscape and Infrastructure Improvement Project and in an effort to defer associated project costs, stamped concrete was installed at the intersection of SW 59th Place and SW 64th Street. The installation of brick pavers at this location will dramatically affect the long -term durability of the project and will also defer future maintenance costs. As part of these proposed improvements, the installation of a flashing yellow light at this location will provide an additional level of traffic calming and will improve existing traffic conditions. Total funding allocated for these improvements is $42,500. Facilities Maintenance & Construction Total Funding in the proposed budget for facilities maintenance and construction is $505,000. As identified in the 2005 SMCRA Redevelopment Plan, one of the goals of the Agency should be to pursue use of the Mobley Building for start-up business and community service providers. Final construction drawings for the renovation of the Mobley Building were received in the early part of the prior fiscal year. However due to the non - conformity of the existing with current land -use codes, several construction approvals were required and obtained from the City of South Miami Planning Board, City Commission, Environmental Preservation & Review Committee, City Building Department and from the Department of Environmental Protection and Miami -Dade County Fire. The Agency is currently in the process of selecting a construction contractor to provide total project build -out. Construction cost required to provide total construction build -out of interior office space, facade and parking lot reconstruction has been estimated to be approximately $425,000. Economic Development In addition to the aforementioned economic development opportunities provided by the Mobley Building Renovation Project, the Agency during the 2009 -2010 Fiscal Year shall offer a total of $10,000 in available grant funding to assist other potential start-up businesses in the SMCRA area. Also in the effort to provide long -term business sustainability for start-up businesses, the SMCRA shall budget total of $2,000 to provide training courses and other educational opportunities for start-up businesses. Commercial Business Rehabilitation In an effort to encourage revitalization of the SMCRA's only commercial business district the Agency shall retain a total of $10,000 in available funding in its Commercial Fagade Grant Program. As a result of recent SMCRA marketing initiatives' including a comprehensive newsletter mailing, the Agency anticipates sponsoring a pilot business for facade improvements. Improvements to the SMCRA's only Business District (Commerce Lane) have also been identified in the SMCRA Redevelopment Plan for future enhancements. Housing Rehabilitation In addition to facilitating new housing construction in the SMCRA, it is also critical that the condition of the existing housing stock be maintained and improved. With this goal in mind, the Agency has retained $7,500 in total funding in its popular Multi - Family Rehabilitation Program for FY 2009 -2010. As a compliment to the Multi - Family Program, the SMCRA also retains $7,500 in total available funding for the Single - Family Rehabilitation Program. Also based on the recent success of the SMCRA partnership with the Greater Miami Service Corp in facilitating the rehabilitation of existing homes in the SMCRA area and providing job training for interested residents, a total amount of $4,000 has been allocated for this program during 2009 -2001 Budget. Administrative For the 2009 -2010 Fiscal Year, the Agency has allocated a total of $230,515 for administrative expenditures. This amount is under the required 20% administrative cap for community redevelopment agencies. The total administrative expenditures include the combined salaries and benefits for. the Community Outreach Coordinator, the SMCRA Property Management Coordinator, Administrative Assistant and Agency Director. General Fund Transfers Critical to the redevelopment of any community is the safety of its residents and the maintenance of funded improvements and resulting property values. Based on the measured successes of the community policing and code enforcement and educational programs including the establishment of a police sub - station in the heart of the SMCRA Community, the Agency continues to fund these vital services for 2009 -2010 Fiscal Year. Also based on the proven success of the City's grant writer in obtaining funding and administering grant funding requirements for SMCRA area related projects and activities, the Agency continues share these combined services with the City of South Miami. The total allocated funding for these combined general fund transfers is $240,645. This total includes the services of permanent two Police sub - station officers, one assigned area code enforcement officer and 50% of the services of the City's grant writer. Residential Infill Development Based on the Agency acquiring over 53,000 square feet of blighted property slated for infill housing development, funding in the amount of $100,000 has been allocated to assist affordable housing applicants with expenses associated with down payment and mortgage costs. The total amount mortgage assistance amount will assist up to four (4) households in purchasing affordable homes in the SMCRA area. It should be noted that the SMCRA currently owns approximately eight (8) properties available for affordable housing development pending final development approval by the Board. Also given the current economic and housing conditions, the Agency has budgeted $20,000 in funding to provide foreclosure prevention assistance. The intent of the program is to provide assistance to existing residents and to mitigate the potential negative affects of blighted, vacant properties in the SMCRA area. Special Redevelopment & Technical Services During prior fiscal years, the Agency has amassed a total of 65,000 square feet of blighted property previously identified by the Board as the site for the proposed Madison Square mixed -use housing and economic development project. For the purpose of continuing the formal design process, for the proposed mixed -use project Madison Square, a total amount of $7,500 has been allocated in the 2009 -2010 Budget for design services. Also included in the - Special Redevelopment & Technical Service category is funding in the amount of $45,729 for 50% of the salaries of the SMCRA Community Outreach Coordinator and Property Management Coordinator for special assigned duties. A total of $10,000 has been provided for the popular Bowman Scholarship Program to assist aspiring youth with higher educational endeavors. A total of $2,500 has also been provided in the budget for the services of a college level intern. Legal Services A total amount of $15,000 has been provided for general corporate services provided by the Agency's General Council. Park Improvements A total amount of $140,000 has been allocated for the two vital SMCRA park amenities, Marshall Williamson Park and Murray Park. As a continuation of extensive lighting installation at Marshall Williamson Park during the 2008 -2009 Fiscal Year, the Agency has allocated a total amount of $90,000 for the construction of a park activity building which shall include a meeting room, concessions area and two restrooms. In conjunction with additionally planned Parks and Recreation planned activities during 2009 -2010, the addition of this SMCRA proposed facility shall provide much needed recreational activities for local youth and seniors in this area. A request for proposal for project construction is currently awaiting final approval by the SMCRA Board. A total amount of $50,000 has also been provided in the proposed budget as the SMCRA's funding contribution towards the construction of a much needed community pool at the second SMCRA area located recreational facility, the Murray Park- Bethel Gibson Community Center. During the prior fiscal year, the SMCRA also contributed funding towards the formal design of the proposed pool project. Marketing & Public Relations A total amount of $3,000 has been allocated during the 20.09 -2010 Fiscal Year for publication and mail -out of an SMCRA newsletter and to fund special events including upcoming project groundbreakings, home openings etc. Land Acquisition A total funding amount of $941,573 has been provided in the land acquisition account for the upcoming fiscal year. This includes $570,149 for actual property acquisition and related legal services, $297,774 for the annual debt service of the SMCRA acquired long -term land acquisition bond obtained from Regions Bank. An additional $70,000 has been allocated for the management of rental properties acquired by the SMCRA in anticipation of development of the proposed Madison Square mixed -use development project. Property management expenditures include property maintenance and repairs as well as the payment of liability insurance, rental property taxes and partial building utility expenses. An additional 1,650 has been allocated as part of the SMCRA Relocation Policy to provide tenant assistance in the event of the need to relocate preferably within the SMCRA area. �a E-F W A W Z W a O a o o II\ o 0 � J N °o Z � N �W � � L A.. C a N � O A � � H O � N o � O O H a N 0 k F All f $OUT .3 FY 2008 -2009 SMCRA Accomplishments Y(.imm MW @M & @�f V NW@ V V UM s= MRi••W IY Avo Q City of South Miami Community RedeveJopment Awney SMCRA BOARD Horace Feliu - BoaTd Chair Brian Beasley - Vice Chair Velma Palmer Valerie Newman Lou Sellers Rodney Williams Lashawnda Williams SMCRA ADVISORY BOARD Nancy Disotuar Gladys Gilliam - Turner Curphy Grant Walter Harris (Vacant) CONTACT INFO City of South Miami Community Redevelopment Agenc 6130 Sunset Drive South Miami, Florida 33143 Telephone (305) 668 -7236 Facsimile (305) 668.7356 The South Miami Community Redevelopment Agency ( SMCRA) was established on September 9, 1999 by both the City of South Miami and Miami -Dade County Com- mission. The mission of the Agency is to improve the quality of life for all SMCRA residents and in turn, the quality of life for all residents of the City of South Mi- ami. The goal of the Agency is to achieve meaningful STREET 8. INFRASTRUCTURE IMPROVEMENTS physical improvement while providing economic devel- opment tools and other means of achieving long -term community sustainability. To achieve these goals, the remaining life of the Agency was ex- tended on May 3, 2005 for a total of fifteen years. Staff currently works in unison with the City of South Miami City Manager, City Staff and local residents to achieve its mission. rI Redevelopment goals and decision - making are guided by the SMCRA Board which consist of the South Miami City Commission and two resi- dent board members. The established area boundaries of the Redevelop- ment area are SW 62nd Street on the North, Sunset Drive on the South, SW 62nd Avenue on the West, and SW 57th Avenue on the East Funding for redevelopment is obtained through the process of the Tax Increment Financing whereby increases in the City's and County's tax base resulting directly from redevelopment in the area, are captured and then re -used for continued redevelopment. The SMCRA's annual budget SMCRA BOUNDARY MAP is approved by both the City of South Miami and by the Miami -Dade County Commission. During the 2008 -2009 Fiscal Year, funding has been approved for the following major programs and project initiatives: 11 -_ . - __ - 1 1. ♦ Land Acquisition; ♦ Affordable Housing Development; ♦ Street and Infrastructure Improvements, and ♦ Park Improvements In addition to the above listed projects, the SMCRA also offers the following redevelopment programs: SW 66th STREETSCAPE IMPROVEMENT PROJECT ♦ Affordable Home Purchase Assistance; ♦ Business Start -Up Assistance ♦ Housing Rehabilitation; Annual Sch olarship A ward; and ♦ Commercial Facade Rehabilitation; Youth Job Training FY2008 -2009 Accomplishments have been highlighted on the following pages.. 1 °3 FY 2008 -2009 SMCRA Accomplishments City of %uth Miami Community Redevdopment Avuey lee, pw N.*ft,daC�� M.,>o��WPW BUS SHELTER INSTALLATION Bus Shelter Construction The SMCRA recently funded construction of an enclosed bus shelter just next to the South Miami Senior Center on 62nd Avenue. The Bus Shelter was completed during the 2008 -2009 Fiscal Year at a total cost to the SMCRA of $50,000. STREET IMPROVEMENTS - Y i FORMER BOARD MEMBER Jay Beckman LAND ACQUISITION 08/09 VACANT PROPERTY PURCHASE (35,000 Square Foot Lot) Based on the direction of the SMCRA Board, the A,gency purchased a total of 53,500 square feet of plighted property during the 2008 -2009 Fiscal Year. The total amount of Land Acquisition funding required to ?urchase the above referenced properties was $698,000. Properties purchased during the 2008 -2009 Fiscal Year has been identified by the Board as future development sites for affordable housing. INFRASTRUCTURE & STREET IMPROVEMENTS MARSHALL WIILIAMSON PARK IMPROVEMENTS is I/. SW 66TH STREETSCAPE IMPROVEME1 5 During the 2008 -2009 Fiscal Year Phase I of the SW 66th Streetscape and Infrastructure Improvement Project was completed. The SMCRA contributed a total funding amount of $83,500 towards the completion of this project. The completion of the aforementioned pro- ject provide much needed infrastructure improvements to the area and an overall enhance- ment of the quality of life for SMCRA residents. The completed section of the project also intersects with the previously SMCRA funded SW 59th Place Streetscape and Infrastruc- ture Improvement Project. During the 2008 -2009 Fiscal Year, the SMCRA has also funded lighting infrastructure im- provements at Marshall Williamson Park. The total amount expended by the Agency for these improvements were $60,633. rj, City ®f South Miami Community Redevelopment Agency �a _ 2OM2009 Accomplishments T4akag u.r N: rh.A✓Mwa Goof P—' roLry MA andit' n MLK Black History Parade The SMCRA is a long -time supporter of the annual Black History Parade which is routed through the heart of the Community Redevelopment area along the SMCRA funded Church Street Improvement District. SMCRA Board Members also contributed Discretionary Funding towards this vital initiative. " ~HK & RECREAtIp i W�7 2008- 2009MLKPARADE BUSINESSASSISTANCE The SMCRA funded Children's Rehabilitation Network Facility (See BelotO was completed during FY 2008.2009. The SMCRA contributed a total amount of $ 7,500 towards this much needed commercial improvement. ar� AFFORDABLE HOUSING DEVELOMENT SMCRA COMPLETED HOME (1) SMCRA HOME DEDICATION SMCRA COMPLETED NOME (2) 3�y During the 2008 -2009 Fiscal Year, a total of five affordable single - family homes were con- structed. The total consists of two (2) above illustrated homes being constructed by the SMCRA for "moderate" income households and three affordable homes being constructed by Habitat for Humanity for "low" income applicants Rot or, l ,c HABITAT FOR HUMANITY COMPLETED NOME CITY COMMISSION & HABITAT WORK DAY HABITAT FOR HUMANITY NEW AFFORDABLE HOME MORTGAGE ASSISTANCE During the 2008 -2009 Fiscal Year, the Agency also contributed a total of $50,000 mortgage assistance funding as part of the SMCRA Affordable Housing Assistance Program. Funding was to eligible applicants for down payment, closing costs and related expenses associated with the purchase of a new or existing affordable home. SMCRA affordable housing assis- tance applicants are selected based on the following resident preferences: 1. SMCRA Area Resident; 4. Non - Resident Working in South Miami; Z. City of South Miami Resident; S. Non South Miami Resident 3 0 0 4` � A/'` �i � h eats MIAMFQADE is CON 1.0 TL[ ry t VOCA _%() 1PI— w f .. City ®l South Miami Community y Redevelopme t Agency "Making oar K: ghbvnoad a rnr ftc ro Uim, ft& and PW IAMES T BOWMAN SCHOLORSHIP AWARD Each year the SMCRA Board awards scholarship funding to aspiring SMCRA area students. During the 2008 -2009 Fiscal Year, the SMCRA allocated a total funding amount of $11,000 in scholarship funding foe aspiring students in the SMCRA. Prior Award Recipient POLICE SUBSTATION The SMCRA continues to support a much needed Police Sub-Station in the Heart of the SMCRA Area. r { HOUSING REHABILATATION 6z JOB TRAINING SMCRA FUNDED JOB TRAINING WORK COMPLETED JOB TRAINING PROJECT Based on a approved partnership with the Greater Miami Service Corps, the SMCRA now offers resident job training in the area of carpentry and exterior home renovation. Trainees of the program currently receive a monetary stipend from the Greater Miami Service Corps and the Community Redevelopment Agency provides all required building materials and a list of authorized project sites in need of improvement. COMMERICAL BUILDING RENOVATION During the 2008 -2009 Fiscal Year, the Board expended a total amount of $65,000 for the completion of construction drawings and permitting fees for the Mobley Building Renova- tion Project. As a result of several non - conforming land -use development issues, the project has undergone several required board and permitting approvals during FY 2008 -2009. Staff anticipates the six (6) month construction project to be completed by Spring 2010. The SMCRA has also applied for construction permits to renovate the SMCRA Mobley Building to provide new offices for the following uses: 1. Start -Up Businesses; 2. Community Service Providers; and 3. Recreational Programming for South Miami youth. SMCRA OWNED MOBLEY BUILDING �. \ :3 MOBLEY BUILDING - INTERIOR RENOVATION WORK Miami -Dade County Budget Format FY 2009 -2010 South Miami Community Redevelopment Agency ca FY 07/08 FY 07/08 FY 08109 FY 08/09. FY 09/,10 r - Budget Budget Budget Budget Budget , . . R en: w Adopted Actual Adopted Projection Proposed e ues City Tax Increment Revenue 751,950 751,950 $797,299 $797,299 $642,946 County Tax Increment Revenue 719,490 719,490 $724,819 $724,819 $555,133 Carryover from prior year 1,697,526 1,634,057 $1,519,329 $1,510,230 $1,318,710 All other revenues (Rent Revenues) 73,000 39,000 $100,000 $50,000 $90,000 Transfers - Finance Bond From Regions Bank 0 0 $0 $0 $0 OCED Grant Funding 0 0 $0 $0 $0 Interest earnings 16,500 16,500 $11,500 $11,000 $11,000 Revenue Total 3,258,466 3,160,997 3,152,947 3,093,348 2,617,789 xoenditures ;; x drain- istrati4eiEx �eriditures: Employee salary and fringe (City Budget #36,37,38,39) 246,003 241,803 $246,451 $244,040 $230,515 Contractual /Professional Services (City Budget #41,42) 11,500 6,304 $12,000 $6,000 $0 Insurance Audits and Studies 6,500 6,000 $6,500 $6,000 $0 Printing, Publishing 750 623 $500 $500 $0 Marketing Advertising and Legal Notices (City Budget #48,49) 500 265 $500 $230 $500 Travel (City Budget #43) 3,000 2,663 $2,500 $1,700 $2,000 Rent/lease costs Office Equipment and Furniture (City Budget #50,52,54) 8,500 7,928 $4,750 $3,075 $4,000 Other Admin. Exps (Training & Phone Lines City Budget #44,47) 2,500 407 $1,500 $2,500 Subtotal Admin Expenses, % 279,2531 265,9931 274,701 261,545 239,515 County Administrative Charge at 1.5% (City Budget #55) 10,792 10,792 $10,872 $10,792 $8,327 A Subtot Adm Ex & County Charge 290,045 276,785 285,573 272 247,842 Operating Expenditures: Employee Salary and Fringe (City Budget #67) 23,830 23,830 $25,736 $45,729 Contractual / Profesional Services (City Budget #24,63,66,75) 194,775 154,775 $312,500 $29,000 Insurance (City Budget #79) 26,025 26,025 $30,000 $29,400 $30,000 Audits and Studies (City Budget #40) 0 $6,000 Printing and Publishing, Memberships (City Budget #4 and #51) 5,500 0 $2,500 $500 $2,500 Marketing, Groundbreakings (City Budget #74) 3,000 0 $1,000 $1,000 $3,000 Special Events Legal Services /Court Costs (City Budget #70) 50,000 24,000 $40,000 $20,800 $15,000 Land/Building Acquisitions (City Budget #76) 1,026,181 114,000 $1,130,059 $700,699 $560,149 Infrastructure Improvements (City Budget #1,2,3,6,11,12,) 370,000 270,935 $212,500 $61,500 $275,000 Building Construction Improvements (City Budget #8,9,10,71,72,79) 502,000 158,172 $420,000 $36,087 $692,500 Debt Service Payments (City Budget #77,78) 297,774 297,774 $297,774 $297,774 $297,774 Redevelopment Grants Given Out (City Budget 25,27,35,65,69) 260,000 124,336 $113,500 $56,000 $149,000 Redevelopment Loans Issued Out Transfers Out to Others (City Budget #56,57,58,59) 124,336 124,336 $231,805 $228,805 $240,645 Other O er. Expenses (City Budget #61,68, 80) 18,000 12,700 $18,000 $11,150 B Subtotal O er. Expenses 2,901,421 1,330,883 2,835,374 1,483,301 2,357,447 C Reserve/Contingency (City Budget #60) 67,0001 34,000 $32,000 $19,000 $12,500 Expenditure Total A +B +C 3,258,4661 1,641,668 3,152,947 1,774,638 2,617,789 Cash Position Rev -Ex $1,519,329 $1,318,710 sMCRkPro'ect Initiatives: Proposed FY 2009 -2010 Adopted FY 2008 -2009 Street Lighting Improvements Four Priority Roadway Sections $120,000 $130,000 Business District Parking Lot Construction $100,000 $90,000 Traffic Calming Improvements SW 59th Place & SW 64th Street $42,500 $65,000 Industrial Warehouse Conversion Construction Build -Out $430,000 $420,000 Park Activities Bulding Construction $90,000 $110,000 Community Pool Construction Project $40,000 $50,000 Madison Square Mixed -Use Development Project (Design Services $7,500 $7,500 Affordable Housing Development Bli hted Housing Lot Purchase $574,149 $1,086,059 Total Pro'cet Funding $1,404,149 $1,958,559