Resolution 2023-32838- -- --- --- -
RESOLUTION N& 2023-32838
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, ADOPTING THE FIRST AMENDMENT TO THE
FISCAL YEAR 2023 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) 2023 was adopted by the Chairperson and Board of Directors of the North
Beach Community Redevelopment Agency on September 28, 2022, through Resolution No.
007-2022 and approved by the Miami -Dade County Board of County Commissioners on June
21, 2023; 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 2023 year-end analysis for the North Beach
Community Redevelopment Area operating budget, which includes the proposed realignment of
funding budgeted between various projects and programs, it is recommended that $863,000 be
set aside for projects and programs that were budgeted in FY 2023 that have not been
completed that the Administration is recommending be carried forward appropriated and in the
respective FY 2024 operating budgets; 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 28, 2023, the Mayor and City Commission hereby adopt the First
Amendment to the North Beach Community Redevelopment Area operating budget for FY 2023
as set forth in the attached Exhibit "A."
PASSED and ADOPTED this 12? day of /1014 Mf7Pe , 2023.
ATTEST:
NOV 2 8 2023
Dan Gelber, Mayor
Rafael . Granado, Secretary APPROVED AS TO
FORM & LANGUAGE
} b� �y & FOR EXECUTION
`11 ORPIOROE
CityAttomey IO iPl 'Z Date
City of Miami Beach
North Beach Community Redevelopment Area
Operating Budget
Revenues and Other Sources of Income
Tax Increment- City
Proj Adjustment to City Increment
Tax Increment - County
Proj Adjustment to County Increment
Interest Income
Fund Balance/Retained Earnings
TOTALREVENUES
Admin/Operating Expenditures
CMB Administration
County Admin Fee
Total Admin/Operating Expenditures
Project Expenditures
Small Business Development
Beautification
Arts & Culture
Enhanced Services
Community Policing
Code Compliance
Community Cleanliness
Total Project Expenditures
Exhibit "A"
FY 2023
Adopted Budget
1st Budget FY 2023
Amendment Amended Budget
$
577,000
$
577,000
$
458,000
$
458,000
$
1,035,000
- $
1,035,000
$
18,000
(7,000)
$
11,000
$
7,000
$
7,000
$
25,000
(7,000)
$
18,000
$
49,000
(34,000)
$
15,000
$
210,000
549,000
$
759,000
$
52,000
(52,000)
$
-
$
100,000
$
100,000
$
88,000
(62,000)
$
26,000
$
16,000
(3,000)
$
13,000
$
515,000
398,000
$
913,000
Reserves, Debt Service and Other Obligations
10% Set -aside for Affordable & Workforce Housing $ 104,000 $ 104,000
Set -aside for Future Projects $ 391,000 (391,000) $ -
Total Reserves, Debt Service & Other Obligations $ 495,000 (391,000) $ 104,000
TOTAL EXPENDITURES AND OBLIGATIONS $ 1,035,000 - $ 1,035,000
SURPLUS/(GAP)
Resolutions - R7 D
MIAMI BEACH
COMMISSION MEMORANDUM
TO: Honorable Mayor and Members of the City Commission
FROM: Alina T. Hudak, City Manager
DATE:. November 28, 2023
10:04 a.m. Public Hearing
SUBJECT: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY
OF MIAMI BEACH, FLORIDA, ADOPTING THE FIRST AMENDMENT TO
THE FISCAL YEAR 2023 OPERATING BUDGET FOR THE NORTH BEACH
COMMUNITY REDEVELOPMENT AREA. JOINT CITY COMMISSION AND
NBCRA
RECOMMENDATION
See attached Memorandum
ANALYSIS
See attached Memorandum
SUPPORTING SURVEY DATA
N/A
FINANCIAL INFORMATION
See attached Memorandum
Applicable Area
North Beach
Is this a "Residents Right Does this item utilize G.O.
to Know" item, pursuant to Bond Funds?
City Code Section 2-14?
Yes No
Strategic Connection
Organizational Innovation- Ensure strong fiscal stewardship.
Legislative Tracking
Office of Management and Budget
ATTACHMENTS:
Page 60 of 135
Description
Memorandum
Resolution
Page 61 of 135
MIAMI BEACH
City of Miami Beach, 1700 Convention Center Drive, Miami Beach, Florida 33139, www.miamibeachfl.gov
COMMISSION MEMORANDUM
TO: Honorable Mayor Dan Gelber and Members of the City Commission
FROM: Alina T. Hudak, City Manager
DATE: November 28, 2023
SUBJECT: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI
BEACH, FLORIDA, ADOPTING THE FIRST AMENDMENT TO THE FISCAL YEAR
2023 OPERATING BUDGET FOR THE NORTH BEACH COMMUNITY
REDEVELOPMENT AREA.
ADMINISTRATION RECOMMENDATION
Adopt the Resolution.
STRATEGIC PLAN SUPPORTED
Organizational Innovation — Ensure strong fiscal stewardship
-1_TH 11107:Tell] ki I V;
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) 2023 was adopted by the Chairperson and Board of
Directors of the North Beach Community Redevelopment Agency on September 28, 2022, through
Resolution No. 007-2022, and approved by the Miami -Dade County Board of County
Commissioners on June 21, 2023.
NORTH BEACH CRA ANALYSIS
North Beach CRA Revenues
Revenues for the North Beach Community Redevelopment Area are 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.
Page 62 of 135
First Amendment to the FY 2023 North Beach Community Redevelopment Area Operating Budget
Page 2
Also included are expenditures for a Commercial Fagade Improvement Program in the Normandy
Fountain/Rue Vendome Plaza area 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.
To conclude, 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.
NORTH BEACH CRA OPERATING BUDGET AMENDMENT
The preliminary year-end analysis based on the proposed realignment of funding between the
various projects and programs budgeted in the North Beach Community Redevelopment Area
reflects that the North Beach Community Redevelopment Area revenues totaled approximately $1.0
million while total expenditures were $172,000 resulting in a preliminary surplus of $863,000 for FY
2023. 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 afterthe 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.
The Administration is recommending that $863,000 of unspent appropriations in the FY 2023 North
Beach Community Redevelopment Area operating budget be carried forward into FY 2024 for
projects within the North Beach Community Redevelopment Agency Redevelopment Plan that were
budgeted in FY 2023 that have not been completed and are still ongoing.
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 2023 as described
herein and further detailed in the attached Exhibit "A."
ATH/RW/JDG/TOS
Page 63 of 135
First Amendment to the FY 2023 North Beach Community Redevelopment Area Operating Budget
Page 3
City of Miami Beach
North Beach Community Redevelopment Area
Operating Budget
Revenues and Other Sources of Income
Tax Increment- City
Proj Adjustment to City Increment
Tax Increment- County
Proj Adjustment to County Increment
Interest Income
Fund Balance/Retained Earnings
TOTAL REVENUES,
Admin/Operating Expenditures
CMB Administration
County Admin Fee
Total Admin/Operating Expenditures
Project Expenditures
Small Business Development
Beautification
Arts & Culture
Enhanced Services
Community Policing
Code Compliance
Community Cleanliness
Total Project Expenditures
Exhibit "A"
FY 2023 1st Budget FY 2023
Adopted Budget Amendment Amended Budget
$
577,000
$
577,000
$
458,000
$
458,000
$
1,035,000
-
$
2,035,000
$
18,000
(7,000)
$
11,000
$
7,000
$
7,000
$
25,000
(7,000)
$
18,000
$
49,000
(34,000)
$
15,000
$
210,000
549,000
$
759,000
$
52,000
(52,000)
$
-
$
100,000
$
100,000
$
88,000
(62,000)
$
26,000
$
16,000
(3,000)
$
13,000
$
515,000
398,000
$
913,000
Reserves, Debt Service and Other Obligations
10%Set-aside for Affordable & Workforce Housing $ 104,000 $ 104,000
Set -aside for Future Projects $ 391,000 (391,000) $ -
Total Reserves, Debt Service & Other Obligations $ 495,000 (392,000) $ 104,000
TOTAL EXPENDITURES AND OBLIGATIONS $ 1,035,000 - $ 2,035,000
SURPLUS / (GAP) $ -
Page 64 of 135