Resolution 2025-33955 2025-33955
RESOLUTION NO
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, ADOPTING THE FIRST AMENDMENT TO THE
FISCAL YEAR 2026 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) 2026 was adopted by the Mayor and City Commission on September 30,
2025, through Resolution No. 2025-33949, and also adopted by the Chairperson and Board of
Directors of the North Beach Community Redevelopment Agency on September 30, 2025,
through Resolution No. 038-2025; 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 2025 year-end analysis for the North Beach
Community Redevelopment Area operating budget, it is recommended that $2,954,000, which
is comprised of $2,808,000 of unspent appropriations for projects that were budgeted in FY
2025 that have not yet been completed and are still ongoing and $146,000 in additional interest
income that was accrued in FY 2025, be carried forward and appropriated in the respective FY
2026 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, 2025 the Mayor and City Commission hereby adopt the First
Amendment to the North Beach Community Redevelopment Area operating budget for FY 2026
as set forth in the attached Exhibit "A."
PASSED and ADOPTED this �0 day of NrJt���''9�?r , 2025.
ATTEST:
Steven Meiner, Mayor
4:
Rafael E. Granado, City Clerk , . APPROVED AS TO
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Exhibit "A"
City of Miami Beach
North Beach Community Redevelopment Area
Opereting Budget
Carryforward Carryforward
FY 2026 FY 2026
Encumbrences Appropriations Other
Adopted Budget Amended Budget
from FY 2025 from FY 2025
Revenues and Other Sources of Income
Taxlncrement-City $ 1,732,000 $ 1,732,000
Proj Adjustment to City Increment $ (39,000) 5 (39,000)
Taxlncrement-County $ 1,353,000 $ 1,353,000
ProjAdjustmenttoCountylncrement $ (31,000) S (31,000)
Interestlncome 5 66,000 $ 66,000
Fund Balance/PriorYearSurplus S - $ 2,8Q8,000 $ 146,000 $ 2,954,000
TOTALREVENUES $ 3,081,000 $ - S Z,808,000 S 146,000 $ 6,035,000
Admin/Operating Expenditures
CMBAdministration $ 118,000 $ 118,000
County Admin Fee $ 20,000 $ 20,000
Total Admin/Operating Expenditures 5 138,000 $ - $ - $ - $ 138,000
Project Expenditures
Small Business Development S 297,000 5 297,000
Beautification $ 301,000 $ 301,000
Arts&Culture $ 242,000 $ 2q2,000
Enhanced Services
Community Policing 5 290,000 5 290,000
CodeCompliance $ 182,000 $ 182,000
CommunityCleanliness $ 182,000 $ 182,000
Total Project Expenditures $ 1,494,000 $ - $ - $ - $ 1,494,000
Reserves,Debt Service and Other Obligations
Set-aside forAffordable&Workforce Housing $ 363,000 $ 1,867,000 $ 2,230,000
Set-asideforfutureProjects $ 1,086,000 $ 941,000 $ 146,000 5 2,173,000
Total Reserves,Debt Service&Other Obligations $ 1,449,000 $ - $ 2,808,000 $ 146,000 $ 4,403,000
TOTALEXPENDITURESANDOBLIGATIONS S 3,081,000 S - S Z.�,� S 1�,� S 6,035,000
Revenues Less Expenditures 5 - 5 - 5 - 5 - 5 -
Resolutions - R7 D
MIAMIBEA� H
COMMISSION MEMORANDUM
TO: Honorable Mayor and Members of the City Commission
FROM: Eric Carpenter, City Manager
DATE: November 20, 2025 5:04 p.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 2026 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)
2026 was adopted by the Mayor and City Commission on September 30, 2025, through
Resolution No. 2025-33949, and also adopted by the Chairperson and Board of Directors of the
North Beach Community Redevelopment Agency on September 30, 2025, through Resolution
No. 038-2025.
ANALYSIS
North Beach CRA Revenues
Revenues for the North Beach Community Redevelopment Area are mainly comprised of City of
Miami Beach (City) and Miami-Dade County (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 Fa�ade 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.
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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 2025 year-end analysis for the North Beach Community
Redevelopment Area operating budget, it is recommended that $2,954,000, which is comprised
of$2,808,000 of unspent appropriations in the FY 2025 North Beach Community Redevelopment
Area operating budget and $146,000 in additional interest income that was accrued in FY 2025,
be carried forward and appropriated in the FY 2026 North Beach Community Redevelopment
Area operating budget for projects within the North Beach Community Redevelopment Agency
Redevelopment Plan that were originally budgeted in FY 2025 that have not been completed and
are still ongoing.
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.qov/city-hall/citv-clerk/meetinq-notices/
FINANCIAL INFORMATION
See 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 2026 as described
herein and further detailed in the attached Exhibit"A."
EC/JDG/TOS/RA
Applicable Area
North Beach
Is this a "Residents Riqht to Know" item, Is this item related to a G.O. Bond
pursuant to Citv Code Section 2-17? Proiect?
Yes No
40 of 103
Was this Agenda Item initially requested bv a lobbvist which, as defined in Code Sec. 2-481,
includes a principal enqaqed in lobbvinq? No
If so, specify the name of lobbyist(s) and principal(s):
Department
Management and Budget
Sponsor(s)
Co-sponsor(s)
Condensed Title
5:04 p.m. PH, Adopt 1 st Amendment to NBCRA Operating Budget for FY 2026. OMB
Previous Action (For City Clerk Use Only)
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EXHIBIT A
City of Miami eeach
North Beach Community Redevelopment Area
Operating Budget
FY 2026 Carryforward Carryforward FY 2026
Adopted Budget Encumbrences Appropriations Other Amended Budget
from FY 2025 from FY 2025
Revenues and Other Sources af Income
Tax Increment-City $ 1,732,000 $ 1,732,000
Proj Adjustment to City Increment $ (39,000) $ (39,000)
Tax Increment-County 5 1,353,000 $ 1,353,000
Proj Adjustment to County Increment $ (31,000) $ (31,000)
Interestlncome $ 66,000 $ 66,000
Fund Balance/PriorYearSurplus $ - $ 2,808,000 $ 146,000 $ 2,954,000
TOTAL REVENUES $ 3,081,000 $ - $ 2,808,000 $ 146,000 $ 6,035,000
Admin/Opereting Expenditures
CMBAdministration $ 118,000 $ 118,000
County Admin Fee $ 20,000 $ 20,000
Total Admin/Operating Expenditures $ 138,000 $ - $ - $ - $ 138,000
Project Expenditures
Small Business Development $ 297,000 $ 297,000
Beautification $ 301,000 $ 301,000
Arts&Culture $ 242,000 $ 242,000
Enhanced Services
Community Policing $ 290,000 $ 290,000
Code Compliance $ 182,000 $ 182,000
Community Cleanliness $ 182,000 $ 182,000
TotalProjectExpenditures $ 1,494,000 $ - $ - $ - $ 1,494,000
Reserves,Debt Service and Other Obligations
Set-asidefor Affordable&Workforce Housing $ 363,000 $ 1,867,000 $ 2,230,000
Set-asidefor Future Projects $ 1,086,000 $ 941,000 5 146,000 $ 2,173,000
Total Reserves,Debt Service&Other Obligations $ 1,449,000 $ - $ 2,808,000 $ 146,000 $ 4,403,000
TOTAL EXPENDITURES AND OBLIGATIONS $ 3,081,000 $ - S 2,808,000 $ 146,000 $ 6,035,000
Revenues Less Expenditures $ - $ - $ - $ - $ -
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