173-94 RDA
RESOLUTION NUMBER
173-94
A RESOLUTION OF THE MIAMI BEACH REDEVELOPMENT
AGENCY, ADOPTING OPERATING BUDGET FOR THE
CITY CENTER REDEVELOPMENT AREA FOR FISCAL YEAR
1994-1995
WHEREAS, the Miami Beach Redevelopment Agency is empowered by
the State of Florida to effectuate the revitalization and
rehabilitation of blighted areas; and
WHEREAS, the City Center area has been designated a blighted
area and officially as a redevelopment project area; and
WHEREAS, there is a substantial need for capital improvements
in this area.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE MIAMI BEACH
REDEVELOPMENT AGENCY that the Agency Board hereby adopts the budget
for the City Center Redevelopment Area attached as Exhibit "A" for
Fiscal Year 1994-1995.
PASSED AND ADOPTED this 26th
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day6f September , 1994.
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.1-- '"-- ---ciiAIRMAN ""'..-
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\. SECRETARY
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FORM APPROVED
REDEVELOPMENT AGENCY
GENERAL COUNSEL
:30
By
Date ~ - 2 Z. - '1 ~
Attachment
MIAMI BEACH REDEVELOPMENT AGENCY
C:TY CENTERIHISTORIC CONVENTION VILlAGE
BUDGET FOR FISCAL YEAR 94/95
EXHIBIT A
General Debt
Fund Service Total
$2.443.293 $2.443.293
25.319 $92.500 117,819
1.689.179 1.689.179
405.500 405.500
S2.874,112 $1 .781 .679 $4.655.791
Revenues and Other Sources
Tax Increment
Interest Income
Operating Transfer In
Fund Balance CarryoverlT!F1
Total
Expenditures and Other Uses
Operating:
Management Agreement
Management Agreement _ City Catchup
Bank Fees
Advertising and Promotion
postage and Mailing
Printing
Office Supplies
Meetings and Conference Expenses
Dues and subscriptions
Audit Fee
Miscellaneous
Other Professional Fees
Total Operating
Debt Service
$230.000
81.533
$3.000
1,500
500
300
600
2.500
600
3.000
1.800
5.000
5327.433
$3.000
$1.778.679
Capital Projects
Contingency - Public Improvements
Hotel Negotiations - Legal Fees
Property Management ana Maintenance
Total Cacltal
157.500
500.000
200.000
S857.500
OperatinQ Transfer Out
Total Expenditures and Other Uses
Revenue Over (Unaerl Exps.
$1.689.179
$2.874.112
SO
$1.781.679
iQ
RMC/RWS
$230.000
81.533
3.000
1.500
600
300
600
2.500
600
3.000
1.800
5.000
330.433
$1.778.679
157.500
500.000
200.000
$857.500
$1.689.179
$4.655.791
~
Miami Beach
Redevelopment Agency
1700 Convention Center Drive
Miami Beach, Florida 33139
Telephone: (305) 673-7193
Fax: (305) 673-7772
REDEVELOPMENT AGENCY MEMORANDUM NO. 94-32
September 26, 1994
TO:
Chairman and' Members
of the Redevelopment
Board
FROM: Roger M. Carlto
Executive Direct
SUBJECT: A RESOLUTION OF THE MIAMI BEACH REDEVELOPMENT
AGENCY ADOPTING THE OPERATING BUDGET FOR THE
CITY CENTER REDEVELOPMENT AREA FOR FISCAL
YEAR 1994-1995
RECOMMENDATION:
It is recommended that the Redevelopment Agency Board adopt the
attached Resolution which establishes a budget for the City Center
Redevelopment Area for Fiscal Year 1994-1995.
BACKGROUND:
The proposed budget has been prepared to coincide with the overall
City budget process. Minor adjustments have
proposed budget since its submission in July,
decisions resulting in further budget revisions
to the Agency Board for approval.
been made to the
1994. Any major
will be presented
ANALYSIS:
The proposed budget should be approved now to coincide with City
process, with the understanding that as indicated above, prior to
approval, the Agency will hold workshops and public meetings for
consideration of amendment(s) as necessary during the year.
The South Pointe Redevelopment Area proposed budget will be
presented to you for approval following the review by the South
pointe Advisor~oard at their September 29, 1994 meeting.
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