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Resolution 2025-33888RESOLUTION NO.2025-33888 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH,FLORIDA,ADOPTING THE THIRD 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,the First Amendment to the operating budget for the North Beach Community Redevelopment Area for FY 2025 was adopted by the Mayor and City Commission on November 20,2024,through Resolution No.2024-33397,and also adopted by the Chairperson and Board of Directors of the North Beach Community Redevelopment Agency on November 20,2024,through Resolution No.023-2024;and WHEREAS,the Second Amendment to the operating budget for the North Beach Community Redevelopment Area for FY 2025 was adopted by the Mayor and City Commission on May 21,2025,through Resolution No.2025-33684,and also adopted by the Chairperson and Board of Directors of the North Beach Community Redevelopment Agency on May 21,2025,through Resolution No.029-2025;and WHEREAS,at the July 23,2025 City Commission meeting,the Mayor and City Commission adopted Resolution No.2025-33840,accepting the recommendation of the North Beach Community Redevelopment Agency Advisory Committee to allocate funding in an amount not to exceed $100,000 for the design and installation of a permanent shade system at the Normandy Fountain Plaza that is within the boundaries of the North Beach Community Redevelopment Area to promote consistent year-round activation,which was also adopted by the Chairperson and Board of Directors of the North Beach Community Redevelopment Agency on July 23,2025,through Resolution No.034-2025;and WHEREAS,as a result,this proposed budget amendment is to realign $100,000 of existing funding that is currently appropriated in the FY 2025 North Beach Community Redevelopment Area operating budget for future projects to the Normandy Fountain Shade Sails project in the FY 2025 North Beach Community Redevelopment Area capital budget;and WHEREAS,pursuant to the lnterlocal 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 September 3,2025,the Mayor and City Commission hereby adopt the Third 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.3 day or S9kwk(,2025. ATTEST: SEP 0 8 2025 er Steven Meiner,Mayor Rafael E.Granado,City Clerk APPROVED AS TO FORM &LANGUAGE &FOR EXECUTION 2 8)rl2=zs Date Exhibit "A" City of Miami Beach North Beach Community Redevelopment Area Operating Budget FY 2025 3rd Budget FY 2025 Amended Budget Amendment Revised Budget Revenues and Other Sources of Income Tax Increment-City $1,396,000 $1,396,000 Tax Increment-County $1,090,000 $1,090,000 Interest Income $20,000 $20,000 Fund Balance/Prior Year Surplus $975,000 $(100,000)$875,000 TOTAL REVENUES $3,481,000 $(100,000)$3,381,000 Admin/Operating Expenditures CMB Administration $112,000 $112,000 County Ad min 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 $1,867,000 $1,867,000 Set-aside for Future Projects $436,000 $(100,000)$336,000 Total Reserves,Debt Service &Other Obligations $2,303,000 $(100,000)$2,203,000 TOTAL EXPENDITURES AND OBLIGATIONS $3,481,000 ${100,000)$3,381,000 SURPLUS/(GAP}$$$ Resolutions -R7 B MIAMI BE A CH COMMISSION MEMORANDUM TO:Honorable Mayor and Members of the City Commission FROM:Eric Carpenter,City Manager DATE: TITLE: September 3,2025 10:05 a.m.Public Hearing A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH,FLORIDA,ADOPTING THE THIRD AMENDMENT TO THE FISCAL YEAR 2025 OPERATING BUDGET FOR THE NORTH BEACH COMMUNITY REDEVELOPMENT AREA.JOINT CITY COMMISSION AND NBCRA RECOMMENDATION The Administration recommends that the City Commission adopt the attached 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. The First Amendment to the operating budget for the North Beach Community Redevelopment Area for FY 2025 was adopted by the Mayor and City Commission on November 20,2024, through Resolution No.2024-33397,and also adopted by the Chairperson and Board of Directors of the North Beach Community Redevelopment Agency on November 20,2024,through Resolution No.023-2024. The Second Amendment to the operating budget for the North Beach Community Redevelopment Area for FY 2025 was adopted by the Mayor and City Commission on May 21,2025,through Resolution No.2025-33684,and also adopted by the Chairperson and Board of Directors of the North Beach Community Redevelopment Agency on May 21,2025,through Resolution No.029- 2025. ANALYSIS North Beach CRA Revenues Revenues for the North Beach Community Redevelopment Area are mainly comprised of City and County Tax Increment funds. 1186 of 1750 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 Facade 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. NORTH BEACH CRA OPERATING BUDGET AMENDMENT Pursuant to the lnterlocal 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. At the July 23,2025 City Commission meeting,the Mayor and City Commission adopted Resolution No.2025-33840,accepting the recommendation of the North Beach Community Redevelopment Agency Advisory Committee to allocate funding in an amount not to exceed $100,000 for the design and installation of a permanent shade system at the Normandy Fountain Plaza that is within the boundaries of the North Beach Community Redevelopment Area to promote consistent year-round activation.The allocation of funding for this project was also approved by the Chairperson and Board of Directors of the North Beach Community Redevelopment Agency on July 23,2025,through Resolution No.034-2025. As a result,this proposed budget amendment is to realign $100,000 of existing funding that is currently appropriated in the FY 2025 North Beach Community Redevelopment Area operating budget for future projects to the Normandy Fountain Shade Sails project in the FY 2025 North Beach Community Redevelopment Area capital budget.Additional details regarding this project are included in the companion FY 2025 North Beach Community Redevelopment Area capital budget amendment agenda items. FISCAL IMPACT STATEMENT See 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/meeting-notices/ FINANCIAL INFORMATION See information provided above. CONCLUSION The Administration recommends that the Mayor and City Commission adopt the Third Amendment to the North Beach Community Redevelopment Area operating budget for FY 2025 as described herein and further detailed in the attached Exhibit "A." 1187 of 1750 EC/JDG/TOS/RA Applicable Area North Beach Is this a "Residents Right to Know"item, pursuant to City Code Section 2-172 Yes Is this item related to a G.O.Bond Project? 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): Department Management and Budget Sponsor(s) Co-sponsor(s) Condensed Title 10:05 a.m.Joint,PH,Adopt 3rd Amendment to NBCRA Operating Budget for FY 2025.0MB Previous Action (For City Clerk Use Only) 1188 of 1750 EXHIBIT A City of Miami Beach North Beach Community Redevelopment Area Operating Budget FY 2025 3rd Budget FY 2025 Amended Budget Amendment Revised Budget Revenues and Other Sources of Income Tax Increment -City $1,396,000 $1,396,000 Tax Increment -County $1,090,000 $1,090,000 Interest Income s 20,000 s 20,000 Fund Balance/Prior Year Surplus s 975,000 $(100,000)$875,000 TOTAL REVENUES $3,481,000 $(100,000)$3,381,000 Admin/Operating Expenditures CMB Administration $112,000 $112,000 County Admin Fee s 17,000 s 17,000 Total Admin/Operating Expenditures $129,000 $$129,000 Project Expenditures Small Business Development s 97,000 $97,000 Beautification s 342,000 $342,000 Arts &Culture s 175,000 $175,000 Enhanced Services Community Policing $239,000 s 239,000 Code Compliance $130,000 $130,000 Community Cleanliness $66,000 $66,000 Total Project Expenditures $1,049,000 $$1,049,000 Reserves,Debt Service and Other Obligations Set-aside for Affordable &Workforce Housing s 1,867,000 $1,867,000 Set-aside for Future Projects s 436,000 $(100,000)s 336,000 Total Reserves,Debt Service &Other Obligations $2,303,000 $(100,000)$2,203,000 TOTAL EXPENDITURES AND OBLIGATIONS $3,481,000 $(100,000 )$3,381,000 SURPLUS/(GAP)$$$ 1189 of 1750