10-16-07 Item 7South Miami
- Nedeac
CITY OF SOUTH MIAMI '1111.1
OFFICE OF THE CITY MANAGER
INTER - OFFICE MEMORANDUM 2001
To: The Honorable Mayor Feliu and Members of the City Commission
Via: Stephen A. David, SMCRA Dir oCo
From: Yvonne S. McKinley, City Manager
Date: October 16, 2007 Agenda Item: 7-
Subject: Approval of SMCRA Proposed FY 07/08 Budget
Request: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE
CITY OF SOUTH MAIMI, FLORIDA. APPROVING A BUDGET FOR THE SMCRA
AGENCY FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2007 AND ENDING
SEPTEMBER 30, 2008; AUTHORIZING THE EXPENDITURE OF FUNDS
ESTABLISHED BY THE BUDGET; AUTHORIZING THE AGENCY TO SUBMIT THE
BUDGET TO MIAMI -DADE COUNTY" FOR APPROVAL; AND PROVIDING FOR AN
EFFECTIVE DATE.
Reason /Need: On October 1, 2007, the South Miami CRA Board held a budget workshop
to discuss the 07/08 SMCRA Proposed Budget. During a subsequent budget hearing held on
October 8, 2007, the SMCRA Board approved the proposed budget for the fiscal year beginning
October 1, 2007 and ending September 30, 2008. As indicated in Exhibit 1, the proposed
budget includes total revenues of $3,258,466 including $1,471,440 in combined city and county
tax increment financing revenues, $1,697,526 in "cash carry over" revenue and $89,500 in
projected rent and interest revenues. Major areas of funding emphasis in the 07/08 Budget
include:
• Land Acquisition of required Madison Square Properties and Other Blighted Lots;
• Renovation of the SMCRA owned Mlobley Building for Office Uses;
• Implementation of Designated Infrastructure and Streetscape Improvement Projects;
• Implementation of Designated Park Improvement Projects; and
• Housing Rehabilitation Grant Assistance
Approval of the attached resolution shall authorize the expenditure of funds established by the
FY 07/08 Budget and authorize the Agency to submit the budget to Miami -Dade County for
approval.
Recommendation: Staff recommends approval of the attached resolution authorizing the
expenditure of funds established by the SMCRA FY 06/07 Budget and authorizing the SMCRA
Agency to submit the budget to Miami -Dade County for final approval.
Backup Documentation:
Draft Resolution
FY 07/08 SMCRA Proposed Budget
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RESOLUTION NO.
A RESOLUTION OF THE MAYOR AND CITY
COMMISSION OF THE CITY OF SOUTH MIAMI
APPROVING A BUDGET FOR THE SMCRA AGENCY FOR
THE FISCAL YEAR BEGINNING OCTOBER 1, 2007 AND
ENDING SEPTEMBER 30, 2008; AUTHORIZING THE
EXPENDITURE OF FUNDS ESTABLISHED BY THE
BUDGET; AUTHORIZING THE SMCRA AGENCY TO
SUBMIT THE BUDGET TO MIAMI -DADE COUNTY FOR
APPROVAL; AND PROVIDING FOR AN EFFECTIVE
DATE.
WHEREAS, the SMCRA is a Community Redevelopment Agency
which is a municipality located in South Miami, Miami -Dade County,
Florida, created under the City /County Interlocal Cooperation Agreement;
and,
WHEREAS, a budget workshop on the proposed FY 2007 -2008
Budget was held by the SMCRA on October 1, 2007 at South Miami City
Hall, 6130 Sunset Drive, South Miami, Florida 33143; and,
WHEREAS, a public hearing on the proposed FY 2007 -2008
Budget was held by the SMCRA on October 8, 2007 at South Miami City
Hall, 6130 Sunset Drive, South Miami, Florida 33143; and,
WHEREAS, the amount of funds available equals the total
appropriations for expenditures and reserves.
NOW THEREFORE BE IT RESOLVED BY THE MAYOR A
CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA
THAT:
Section 1. The above recitals are true and correct and are
incorporated herein by reference.
Section 2. The Budget of the South Miami Community
Redevelopment Agency (Attached as ]Exhibit 1) for the fiscal year
beginning October 1, 2007 and ending September 30, 2008, was considered
at a public hearing and is approved and adopted.
2001
'Moking our Neighborhood a Great Aare to Lhe, Wark and la y"
2007 -2008 PROPOSED EXPENDITURES
The total projected revenues for FY 2007 -2008 is $3,258,466. Revenues include $1,471,440
in combined tax increment financing revenues from Miami -Dade County and City of South
Miami, $73,000 in projected rent revenues from SMCRA owned properties, $16,500 in
interest revenue from interest bearing accounts and $1,697,526 in cash carryover funding
from the prior year's $4,859,656 budget. Provided below is a listing of proposed expenditure
highlights for the 2007 -2008 Fiscal Year.
Infrastructure
Funding for infrastructure improvements includes a total allocation of $312,000. Of this
amount, $30,000 has been allocated for the completion of Phase IV construction of the 59th
Place Streetscape Improvement Project; $85,000 towards the SW 66th Street Roadway
Improvement Project; $95,000 for the Sunset Drive Improvements and other infrastructure
and lighting improvements; $25,000 towards infrastructure feasibility study; and $125,000
for projects identified as part of a proposed ]infrastructure need assessment.
Facilities Maintenance — Mobley Building;
Funding for facilities maintenance includes a total allocation of $528,025. Of the total
funding amount of $500,000 has been allocated towards the completion of the Mobley
Building renovation including additional storage space for future pool equipment and
improved landscaping throughout the property. The remaining funding is allocated for
property liability insurance and building utility costs.
Street Beautification:
Funding for street beautification includes a total allocation of $23,775. Of the total amount,
$7,500 has been allocated for landscape design and $16,275 has been allocated for the
installation of pedestrian friendly trees and required irrigation.
Economic Development & Job Creation:
Funding for economic development and job creation includes a total allocation of $89,500.
Of the total amount, $50,000 has been allocated for the Wounded Healers and
Apprenticeship Job Training Programs for projects to be determined by the Agency and
$22,500 has been allocated for business start -up assistance for new businesses in the SMCRA
area.
Commercial Building Rehabilitation:
Funding for commercial building rehabilitation includes a total allocation of $31,500. Of the
total amount, $30,000 has been allocated for fagade improvement grant for four (3) eligible
businesses in the CRA District.
Residential Rehabilitation:
Funding for residential rehabilitation includes a total allocation of $160,500. Of the total
amount, $10,000 has been allocated for multi - family complex owners for complex
renovations, $12,500 for five (5) multi - family unit owners to renovate their existing property,
$35,000 for five (5) single- family property owners and $100,000 has been allocated for five
(5) eligible homeowners to purchase affordable housing in the CRA District.
Administrative Expenses:
Funding for administrative expenditures includes a total allocation of $290,045. The total
allocation for administrative expenditures meets the 20% administrative cap required by
Miami -Dade County. Full -time staff positions include one Administrative Assistant, one
Community Outreach Coordinator, one Receptionist partially funded by the City of South
Miami Planning Department, one Grant Writer shared equally by the CRA and the City of
South Miami and one Agency Director.
General Fund Transfers:
The total funding allocated for general fund transfers is $124,336. Of the total amount,
$68,584 has been allocated for one (1) police officer and $55,752 has been allocated for one
(1) Code Enforcement Officer for specialized duties within the CRA area.
Other Uses /General Contingency:
The total funding allocated for other uses and general contingency is $67,000. Of the total
amount, $60,000 has been allocated for any unforeseen expenses and or emergency. A total
of $7,000 has been allocated for individual Board Member discretionary funds to be used to
facilitate other beneficial improvements in the CRA area.
Special Redevelopment & Technical Services:
The total funding allocated for special redevelopment and technical services is $49,830. Of
the total amount, $12,000 has been allocated to employ two part-time interns; $6,000 for
projected Bowman Scholarship awards; and $23,830 to fund 50% of the salary of the
Community Outreach Coordinator to perform special redevelopment projects.
Legal Services:
The total funding allocated for legal services for general corporate matters is $50,000.
Park Improvements:
The total funding allocated for park improvements is $160,000. Of the total amount, $50,000
has been allocated for professional design services for construction of the Murray Park
community pool and $110,000 has been allocated for the construction of restrooms and
lighting and tennis court improvements at Marshall Williamson Park.
Marketing & Public Relations:
The total funding allocated for marketing and public relations is $3,000. The total amount has
been allocated for professional design services to create a SMCRA accomplishments and
future projects report.
Land Acquisition:
The total funding allocated for land acquisition is $1,323,291. Of the total amount, $965,000
has been allocated to complete acquisition of the remaining properties required to develop
Madison Square and to potentially .purchase additional blighted housing lots for affordable
housing development, $297,774 has been allocated for the annual debt service payment of
the SMCRA long -term loan with Regions Bank:, $50,000 has been allocated for property
management of SMCRA owned properties and the remaining $10,517 for residential
relocation assistance for eligible SMCRA tenants.
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07/08 SOUTH MIAMI CRA BUDGET
MIAMI -DADS COUNTY
FORMAT
Miami -Dade County Budget Format
FY 2007 -2008 South Miami Community Redevelopment Agency
' \ s
City Tax Increment Revenue
\\
645,320 645,320
831,463
Rolm
831,463
751,950
County Tax Increment Revenue
541,804
541,804
740,335
740,335
719,490
Carryover from prior year
388,800
388,800
253,047
253,047
1,697,526
All other revenues (Rent Revenues)
9,!500
9,500
0
0
73,000
Transfers - Finance Bond From Regions Bank
-
110,000
2,730,000
2,730,000
0
OCED Grant Funding
_
294,000
394,000
0
Interest earnings
15,000
23,775
10,811
8,148
16,500
Revenue Total
1,585,424
1,585,424
4,859,656
4,956,993
3,258,466
Employee salary and fringe (City Budget #36,37,38,39)
201,603
143,344
268,673
235,718
246,003
Contractual services (City Budget #41,42)
6,180
2,575
6,500
1,667
11,500
Insurance
0
Audits and Studies (City Budget #40)
5,500
5,000
6,000
6,000
6,500
Printing and Publishing (CityBudget #51)
1,000
1,000
1,000
1,000
750
Marketing
Advertising and Notices (CityBudget#48)
500
131
500
Travel (City Budget #43)
1,000
70
1,000
916
3,000
Rent/lease costs
Office equipment and furniture (City Budget #50,52,54)
7,336
3,609
16,320
13,884
8,500
Other Admin. Exps (Employee Education & Phones City Budget #44,47)
1 „500
85
1,500
1,500
2,500
A Subtotal Admin Expenses, %
224,119
155,683
301,493
260,816
279,253
County Administrative Charge at 1.5% (City Budget #55)
8,127
8,127
11,105
11,105
10,792
B Subtot Adm Exg & Coun Charge
232,246
163,810
312,598
271,921
290,045
Employee Salary and Fringe (City Budget #66)
40,000
38,975
9,689
3,934
23,830
Contractual Services (Cityeudget #11,12,32,66,71,72)
20,000
20,000
61,000
51,814
194,775
Insurance (City Budget #8)
4,000
3,339
19,148
19,148
26,025
Audits and Studies
_
0
Printing and Publishing (City Budget #4,20,29)
7,500
720
4,500
0
5,500
Marketing (City Budget #74)
3,000
Special Events
25,000
25,000
25,000
25,000
Legal Services /Court Costs (City Budget #70)
45,000
45,000
50,000
50,000
50,000
Land /Building Acquisitions (City Budget #75 -77) -
260,000
260,000
3,166,327
- - 2,120,192
1,026;181
Infrastructure Improvements (City Budget #1-3, 5,6)
152,500
147,500
150,000
63,069
370,000
Building Construction & Improvements (City Budget #9,10)
274,000
270,402
324,000
63,461
502,000
Debt Service Payments (City Budget #77)
24,000
24,000
299,474
297,700
297,774
Redevelopment Grants Given Out (City Budget 24,25,27,35)
280,000
123,803
247,500
38,070
260,000
Redevelopment Loans Issued Out
Transfers out to others (City Budget #56,57 Police & Code Officers)
123,600
130,000
128,300
128,300
124,336
Other Oper. Expenses (City Budget #68,69)
34,000
20,000
4,000
4,000
18,000
C Subtotal O er. Expenses
1,289,1500
1,108,739
4,488,938
2,864,688
2,901,421
(D) Reserve/Contingency (City Budget #60,61)
63,:578
59,828
1 58,120
1 25,521
67,000
Expenditure Total A +B +C +D
1,585,424
1,332,377
4,859,656
3,162,1301
3,258,466
Cash Position (Rev- Exp)",
a:
253,047
1 1,697,526
Redevelopment Projects List
i
Madison Square Mixed -Use Development - Land Acquisition Completion and Issuance of RFP /Q (10/07 -1/08)
3,024,000
750,000
Affordable Housing Development - Land Acquisition of Vacant Properties
0
276,181
Church Street Improvements - Phase IV (10/07 - 9/08)
60,000
30,000
SW 66th Streetscape and Infrastructure Improvements - (10/07 - 9/08)
0
85,000
Sunset Streetscape Improvements - (10/07 - 9/08)
0
35,000
Marshall Williamson Park Improvements - Restroom Construction (10/07 - 9/08)
90,000
110,000
Infrastructure Analysis
25,000
Mobley Building Renovation Phase II - (10/07 - 9/08)
324,000
500,000
Landscape Design /Street Tree Planting - (10/07 - 9/08)
15,000
23,775
Total Project Dollars
$1,809,956
RESOLUTION NO. CRA 54 -07 -307
A RESOLUTION OF THE SOUTH MIAMI COMMUNITY
REDEVELOPMENT AGENCY ( SMCRA) AGENCY
APPROVING A BUDGET FOR THE SMCRA AGENCY FOR
THE FISCAL YEAR BEGINNING OCTOBER 1, 2007 AND
ENDING SEPTEMBER 30; 2008; AUTHORIZING THE
EXPENDITURE OF FUNDS ESTABLISHED BY THE
BUDGET; AUTHORIZING THE AGENCY TO SUBMIT THE
BUDGET TO MIAMI -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, a public hearing on the proposed FY 2007 -08 Budget
was held by the SMCRA on October 1., 2007 at South Miami City Hall,
6130 Sunset Drive, South Miami, Florida 33143; and,
WHEREAS, the amount of funds available equals the total
appropriations for expenditures and reserves.
NOW THEREFORE BE IT RESOLVED BY THE
COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF
SOUTH MIAMI, FLORIDA THAT:
Section 1. The above recitals are true and correct and are
incorporated herein by reference.
Section 2. The Budget of the South Miami Community
Redevelopment Agency (Attached as Exhibit 1) for the fiscal year
beginning October 1, 2007 and ending September 30, 2008, was considered
at a public hearing and is approved and adopted.
Section 3. The Budget shall be transmitted to Miami -Dade
County pursuant, City /County Interlocal Cooperation Agreement for the
SMCRA agency.
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Pg. 2 of Res. No. CRA 54 -07 -307
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, 2007.
ATTEST:
0�5
(� �-.
SECRETARY
READ AND APPROVED AS TO FORM:
APPROVED:
Board Vote:
5 -1
Chairperson Feliu:
Yea
Vice Chairperson Wiscoimbe:
Yea
Board Member Palmer:
Yea
Board Member Birts:
Absent
Board Member Beckman:
Nay
Board Member R. Williams:
Yea
Board Member L. Williams:
Yea
\\MCGRUFFTLANNING\C R ATudget Approval Resol F V 2007- 2008.doe
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