Resolution 2024-33397 RESOLUTION NO. 2024-33397
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, ADOPTING THE FIRST AMENDMENT TO THE
FISCAL YEAR 2025 OPERATING BUDGET FOR THE NORTH BEACH
COMMUNITY REDEVELOPMENT AREA.
WHEREAS, in accordance with Section 189.016, Florida Statutes, the governing body of
the North Beach Community Redevelopment Agency, operating as a special district, is required
to adopt a budget by resolution each fiscal year and may amend the budget at any time, but not
later than within 60 days following the end of the fiscal year; and
WHEREAS, the operating budget for the North Beach Community Redevelopment Area
for Fiscal Year (FY) 2025 was adopted by the Mayor and City Commission on September 25,
2024, through Resolution No. 2024-33298, and also adopted by the Chairperson and Board of
Directors of the North Beach Community Redevelopment Agency on September 25, 2024,
through Resolution No. 021-2024; and
WHEREAS, pursuant to Section 163.387, Florida Statutes, on the last day of the fiscal
year of the community redevelopment agency, any money which remains in the trust fund after
the payment of expenses may be appropriated to a specific redevelopment project pursuant to
an approved community redevelopment plan; and
WHEREAS, based on the preliminary FY 2024 year-end analysis for the North Beach
Community Redevelopment Area operating budget, it is recommended that $2,475,000
comprised of $2,407,000 of unspent appropriations for projects that were budgeted in FY 2024
that have not yet been completed and are still ongoing and $68,000 in interest income that was
accrued in FY 2024, be carried forward and appropriated in the respective FY 2025 North
Beach Community Redevelopment Area operating budget; and
WHEREAS, pursuant to the Interlocal Agreement dated October 4, 2021, between the
City of Miami Beach, Miami-Dade County, and the North Beach Community Redevelopment
Agency, the City Commission must approve any amendment to the annual budget.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that following a duly noticed public
hearing on November 20, 2024, the Mayor and City Commission hereby adopt the First
Amendment to the North Beach Community Redevelopment Area operating budget for FY 2025
as set forth in the attached Exhibit "A."
PASSED and ADOPTED this 070 day of OW , 2024.
►/ .
Steven Meiner, Mayor
ATTEST:
APPROVED AS TO
NOV 7 2624 FORM &LANGUAGE
'� &FOR EXECUTION
Rafael E. Granada, City Clerk
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IHCORP ORATED
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= City A omey Date
Exhibit"A"
North Beach Community Redevelopment Agency
North Beach Community Redevelopment Area
Operating Budget
Carryforward Carryforward
FY 2FY 2025
Adopted Budget Encumbrances Appropriations Other Amended Budget
from FY 2024 from FY 2024
Revenues and Other Sources of Income
Tax Increment-City $ 1,396,000 $ 1,396,000
TaxIncrement-County $ 1,090,000 $ 1,090,000
Interest Income $ 20,000 $ 20,000
Fund Balance/Prior Year Surplus $ - $ 2,407,000 $ 68,000 $ 2,475,000
TOTAL REVENUES $ 2,506,000 $ - $ 2,407,000 $ 68,000 $ 4,981,000
Admin/Operating Expenditures
CMB Administration $ 112,000 $ 112,000
County Admin Fee $ 17,000 $ 17,000
Total Admin/Operating Expenditures $ 129,000 $ - $ - $ - $ 129,000
Project Expenditures
Small Business Development $ 97,000 $ 97,000
Beautification $ 342,000 $ 342,000
Arts&Culture $ 175,000 $ 175,000
Enhanced Services
Community Policing $ 239,000 $ 239,000
Code Compliance $ 130,000 $ 130,000
Community Cleanliness $ 66,000 $ 66,000
Total Project Expenditures $ 1,049,000 $ - $ - $ - $ 1,049,000
Reserves,Debt Service and Other Obligations
Set-aside for Affordable&Workforce Housing $ 251,000 $ 1,616,000 $ 1,867,000
Set-aside for Future Projects $ 1,077,000 $ 791,000 $ 68,000 $ 1,936,000
Total Reserves,Debt Service&Other Obligations $ 1,328,000 $ - $ 2,407,000 $ 68,000 $ 3,803,000
TOTAL EXPENDITURES AND OBLIGATIONS $ 2,506,000 $ - $ 2,407,000 $ 68,000 $ 4,981,000
SURPLUS/(GAP) $ - $ - $ - $ - $ -
Resolutions - R7 C
MIAMI BEACH
COMMISSION MEMORANDUM
TO: Honorable Mayor and Members of the City Commission
FROM: Eric Carpenter, City Manager
DATE: November 20, 2024 10:06 a.m. Public Hearing
TITLE: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, ADOPTING THE FIRST AMENDMENT TO THE FISCAL
YEAR 2025 OPERATING BUDGET FOR THE NORTH BEACH COMMUNITY
REDEVELOPMENT AREA. JOINT CITY COMMISSION AND NBCRA
RECOMMENDATION
The Administration recommends adopting this Resolution.
BACKGROUND/HISTORY
In accordance with Section 189.016, Florida Statutes, the governing body of the North Beach
Community Redevelopment Agency, operating as a special district, is required to adopt a budget
by resolution each fiscal year and may amend the budget at any time, but not later than within 60
days following the end of the fiscal year.
The operating budget for the North Beach Community Redevelopment Area for Fiscal Year (FY)
2025 was adopted by the Mayor and City Commission on September 25, 2024, through
Resolution No. 2024-33298, and also adopted by the Chairperson and Board of Directors of the
North Beach Community Redevelopment Agency on September 25, 2024, through Resolution
No. 021-2024.
ANALYSIS
North Beach CRA Revenues
Revenues for the North Beach Community Redevelopment Area are mainly comprised of City
and County Tax Increment funds.
North Beach CRA Expenditures
Expenditures for the North Beach Community Redevelopment Area include project-related
expenditures that are allocated for community policing initiatives, enhanced levels of Code
Compliance staffing and services, and additional cleanliness and beautification.
Also included are expenditures for a Commercial Façade Improvement Program to improve area
aesthetics and promote business attraction and retention, a Residential Property Improvement
Program to promote the maintenance of naturally occurring affordable housing stock and
resiliency, Arts and Culture related tourism and branding, and small business development.
Other expenditures include administrative expenditures, County and City administrative fees, a
set-aside for workforce and affordable housing, and a set-aside for future projects.
Page 1180 of 1993
NORTH BEACH CRA OPERATING BUDGET AMENDMENT
Pursuant to Section 163.387, Florida Statutes, on the last day of the fiscal year of the community
redevelopment agency, any money which remains in the trust fund after the payment of expenses
may be appropriated to a specific redevelopment project pursuant to an approved community
redevelopment plan. Pursuant to the Interlocal Agreement dated October 4, 2021, between the
City of Miami Beach, Miami-Dade County, and the North Beach Community Redevelopment
Agency, the City Commission must approve any amendment to the annual budget.
Based on the preliminary FY 2024 year-end analysis for the North Beach Community
Redevelopment Area operating budget, it is recommended that $2,475,000 comprised of
$2,407,000 of unspent appropriations in the FY 2024 North Beach Community Redevelopment
Area operating budget and $68,000 in interest income that was accrued in FY 2024, be carried
forward and appropriated in the FY 2025 North Beach Community Redevelopment Area operating
budget for projects within the North Beach Community Redevelopment Agency Redevelopment
Plan that were originally budgeted in FY 2024 that have not been completed and are still ongoing.
FISCAL IMPACT STATEMENT
See the information provided above.
Does this Ordinance require a Business Impact Estimate?
(FOR ORDINANCES ONLY)
If applicable, the Business Impact Estimate (BIE) was published on:
See BIE at: https://www.miamibeachfl.gov/city-hall/city-clerk/meetinq-notices/
FINANCIAL INFORMATION
See the information provided above.
CONCLUSION
The Administration recommends that the Mayor and City Commission adopt the First Amendment
to the North Beach Community Redevelopment Area operating budget for FY 2025 as described
herein and further detailed in the attached Exhibit"A."
EC/RW/JDG/TOS/RA
Applicable Area
North Beach
Is this a "Residents Right to Know" item, Is this item related to a G.O. Bond
pursuant to City Code Section 2-17? Project?
Yes No
Was this Agenda Item initially requested by a lobbyist which, as defined in Code Sec. 2-481,
includes a principal engaged in lobbying? No
If so, specify the name of lobbyist(s) and principal(s):
Page 1181 of 1993
Department
Management and Budget
Sponsor(s)
Co-sponsor(s)
Condensed Title
10:06 a.m. PH, Joint, Adopt 1st Amendment to NBCRA Operating Budget for FY 2025. OMB
•
Page 1182 of 1993
Exhibit A
City of Miami Beach
North Beach Community Redevelopment Area
Operating Budget
FY 2025 Carryforward Carryforward FY 2025
Adopted Budget Encumbrances Appropriations Other Amended Budget
from FY 2024 from FY 2024
Revenues and Other Sources of Income
Tax Increment-City $ 1,395,000 $ 1,396,000
Tax Increment-County $ 1,090,000 $ 1,090,000
Interest Income $ 20,000 $ 20,000
Fund Balance/Prior Year Surplus $ - $ 2,407,000 $ 68,000 $ 2,475,000
TOTAL REVENUES $ 2,506,000 $ - $ 2,407,000 $ 68,000 $ 4,981,000
Admin/Operating Expenditures
CMB Administration $ 112,000 $ 112,000
County Admin Fee $ 17,000 $ 17,000
Total Adm in/Operating Expenditures $ 129,000 $ - $ - $ - $ 129,000
Project Expenditures
Small Business Development $ 97,000 $ 97,000
Beautification $ 342,000 $ 342,E
Arts&Culture $ 175,000 $ 175,000
Enhanced Services
Community Policing $ 239,000 $ 239,000
Code Compliance $ 130,000 $ 130,000
Community Cleanliness $ 66,000 $ 66,E
Total Project Expenditures $ 1,049,000 $ - $ - $ - $ 1,049,000
Reserves,Debt Service and Other Obligations
Set-aside for Affordable&Workforce Housing $ 251,000 $ 1,616,000 $ 1,867,000
Set-aside for Future Projects $ 1,077,000 $ 791,000 $ 68,000 $ 1,936,000
Total Reserves,Debt Service&Other Obligations $ 1,328,000 $ - S 2,407,000 $ 68,000 $ 3,803,000
TOTAL EXPENDITURES AND OBLIGATIONS $ 2,506,000 $ - $ 2,407,000 $ 68,000 $ 4,981,000
SURPLUS/(GAP) $ - S - $ - $ - $ -
Page 1183 of 1993