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702-2024 RDA RESOLUTION NO. 702-2024 A RESOLUTION OF THE CHAIRPERSON AND MEMBERS OF THE BOARD OF THE MIAMI BEACH REDEVELOPMENT AGENCY, APPROVING AND AUTHORIZING THE EXECUTIVE DIRECTOR AND GENERAL COUNSEL TO NEGOTIATE A SEVENTH AMENDMENT TO THE INTERLOCAL COOPERATION AGREEMENT DATED NOVEMBER 16, 1993 (THE "RDA INTERLOCAL AGREEMENT") AMONG THE CITY OF MIAMI BEACH (THE "CITY"), MIAMI-DADE COUNTY (THE "COUNTY"), AND THE MIAMI BEACH REDEVELOPMENT AGENCY ("RDA"), FOR THE PURPOSE OF PROVIDING BACKSTOP FUNDING TO THE COUNTY TO CONSTRUCT AND OPERATE HOUSING FOR HOMELESS PERSONS AND DOMESTIC VIOLENCE CENTERS, AND TO PROVIDE SERVICES TO INDIVIDUALS EXPERIENCING HOMELESSNESS AND VICTIMS OF DOMESTIC VIOLENCE BY ALLOCATING, TO THE COUNTY, FUNDS FROM SURPLUS REVENUES GENERATED BY THE RDA IN THE EVENT OF A DEFICIT IN A GIVEN FISCAL YEAR BELOW THE BED TAX FLOOR (AS SUBSEQUENTLY DEFINED) UNDER A SEPARATE INTERLOCAL COOPERATION AGREEMENT TO BE NEGOTIATED BETWEEN THE CITY AND THE COUNTY (THE "BED TAX INTERLOCAL"), WHICH SEPARATE BED TAX INTERLOCAL SHALL ALLOCATE THE FOUR PERCENT (4%) RESORT BED TAX REVENUE GENERATED BY ROOM NIGHTS SOLD AT THE MIAMI BEACH CONVENTION CENTER HEADQUARTER HOTEL, OR AN AMOUNT EQUIVALENT THERETO FROM OTHER AVAILABLE RESORT BED TAX FUNDING SOURCES, WITH A MINIMUM FLOOR OF $4,000,000 (THE "BED TAX FLOOR") AND A CEILING OF $5,000,000, WHICH CEILING WILL BE ADJUSTED ANNUALLY BY THE LESSER OF THE MIAMI URBAN AREA CONSUMER PRICE INDEX OR TWO PERCENT (2%); AND FURTHER PROVIDING THAT THE FINAL NEGOTIATED TERMS OF THE SEVENTH AMENDMENT TO THE RDA INTERLOCAL AGREEMENT SHALL BE SUBJECT TO APPROVAL BY THE CITY COMMISSION, THE RDA BOARD, AND THE MIAMI-DADE COUNTY BOARD OF COUNTY COMMISSIONERS. WHEREAS, the Miami Beach Redevelopment Agency (the "RDA") acknowledges the urgent need to address homelessness and provide support to victims of domestic violence, both within the City of Miami Beach and the broader region; and WHEREAS, the RDA Board is committed not only to maintaining existing services for homeless individuals and domestic violence victims but also to making a substantial contribution toward expanding these services, including shelter, food, clothing, medical care, mental health support, and educational and vocational training for those in need; and WHEREAS, on January 26, 1993, Miami-Dade County(the"County")adopted Resolution No. R-14-93, which (i) recognized the City Center Redevelopment Area (the "City Center RDA") as a"blighted area"within the meaning of Chapter 163, Florida Statutes, and (ii)delegated certain redevelopment powers to the City under Section 163.410, Florida Statutes, to enable the City of Miami Beach (the "City")to address the redevelopment and revitalization of the City Center RDA; and WHEREAS, on February 3, 1993, the City adopted Resolution No. 93-20709, which established the Miami Beach Redevelopment Agency (the "RDA") and designated the City Commission as its members; and WHEREAS, on February 12, 1993, the City adopted Resolution No. 93-20721, which approved the RDA's City Center/Historic Convention Village Redevelopment and Revitalization Area Plan (the "Redevelopment Plan"), which sought to revitalize the City Center RDA; and WHEREAS, the City and County subsequently entered into the original Interlocal Cooperation Agreement (the "RDA Interlocal Agreement") on November 16, 1993, which delegated certain redevelopment powers to the City, including but not limited to the establishment of the Redevelopment Area and the implementation of the Redevelopment Plan; and WHEREAS, the RDA Interlocal Agreement has been amended five times, and a Sixth Amendment has already been approved for execution by the City, County, and RDA; and WHEREAS, on November 14, 2024, the Mayor and City Commission of the City of Miami Beach voted to direct the City Manager and City Attorney to negotiate a new interlocal agreement (the "Bed Tax Interlocal Agreement") between the City and County, effective for a thirteen-year term beginning on October 1, 2027, to allocate to the County the four percent (4%) Resort Bed Tax revenue generated from room nights sold at the Miami Beach Convention Center Headquarter Hotel, or an amount equivalent thereto from other available Resort Bed Tax funding sources (the "City Contribution"), to fund the construction and operation of housing for homeless persons and domestic violence centers, as well as services for individuals experiencing homelessness and victims of domestic violence; and WHEREAS, the Bed Tax Interlocal Agreement will set a funding floor of $4,000,000 (the "Bed Tax Floor") and a ceiling of $5,000,000, with the ceiling adjusted annually by the lesser of the Miami Urban Area Consumer Price Index or two percent(2%), beginning in FY 2028; and WHEREAS, in the event that the Miami Beach Convention Center Hotel is not operational by October 1, 2027, or if there is any shortfall below the Bed Tax Floor in any fiscal year, such deficit will be covered using the available surplus balance from the RDA's revenues; and WHEREAS, the Chairperson and Board of the RDA wish to direct the Executive Director and General Counsel to negotiate a Seventh Amendment to the RDA Interlocal Agreement, to allow for the use of surplus RDA funds during the term of the Bed Tax Interlocal Agreement to cover any shortfall to the Bed Tax Floor during any fiscal year. NOW, THEREFORE, BE IT DULY RESOLVED BY THE CHAIRPERSON AND MEMBERS OF THE BOARD OF THE MIAMI BEACH REDEVELOPMENT AGENCY, that the Chairperson and Members of the Board of the RDA hereby approve and authorize the Executive Director and General Counsel to negotiate a Seventh Amendment to the Interlocal Cooperation Agreement dated November 16, 1993 (the "RDA Interlocal Agreement") between the City, the County, and the Miami Beach Redevelopment Agency, for the purpose of providing backstop funding to the County to construct and operate housing for homeless persons and domestic violence centers, and to provide services to individuals experiencing homelessness and victims of domestic violence by allocating, to the County, funds from surplus revenues generated by the RDA in the event of a deficit in a given fiscal year below the Bed Tax Floor (as subsequently defined) under a separate Interlocal Cooperation Agreement to be negotiated between the City and the County (the "Bed Tax Interlocal"), which separate Bed Tax Interlocal shall allocate the four percent (4%) Resort Bed Tax revenue generated by room nights sold at the Miami Beach Convention Center headquarter hotel, or an amount equivalent thereto from other available Resort Bed Tax funding sources, with a minimum floor of$4,000,000 (the"Bed Tax Floor") and a ceiling of $5,000,000, which ceiling will be adjusted annually by the lesser of the Miami Urban 2 Area Consumer Price Index or two percent (2%); and, further, the final negotiated terms of the Seventh Amendment to the RDA Interlocal Agreement shall be subject to approval by the City Commission, the RDA Board, and the Miami-Dade County Board of County Commissioners. PASSED and ADOPTED this 14th day of November, 2024. ATTEST: .A ._____.—fiet.er.c..1._ 7 i NOV 2 1 2024 Steven Meiner Mayor Rafael E. Granado City Clerk (Sponsored by Commissioner Joseph Magazine) APPROVED AS TO FORM AND LANGUAGE -.. B ,c..,',. FOR EXECUTION 0,-.44;•4•.4,,,,,, NabLat), \f is V* NCORP ORATED' ',,,‘I...:;.;.. �,, , :;4.0= `s ,,‘City Attorney Lw.... Date ,:,`,?:PN..2O 3