CRA Resolution 039-2025 RESOLUTION NO 039-2025
A RESOLUTION OF THE CHAIRPERSON AND BOARD OF DIRECTORS OF
THE NORTH BEACH COMMUNITY REDEVELOPMENT AGENCY, ADOPTING
THE FOURTH 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 Chairperson and Board of Directors of the North
Beach Community Redevelopment Agency on September 25, 2024, through Resolution No.
021-2024, and also adopted by the Mayor and City Commission of the City of Miami Beach on
September 25, 2024, through Resolution No. 2024-33298; and
WHEREAS, the First Amendment to the operating budget for the North Beach
Community Redevelopment Area for FY 2025 was 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 also adopted by the Mayor and City Commission of the
City of Miami Beach on November 20, 2024, through Resolution No. 2024-33397; and
WHEREAS, the Second Amendment to the operating budget for the North Beach
Community Redevelopment Area for FY 2025 was 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 also adopted by the Mayor and City Commission of the City of
Miami Beach on May 21, 2025, through Resolution No. 2025-33684; and
WHEREAS, the Third Amendment to the operating budget for the North Beach
Community Redevelopment Area for FY 2025 was adopted by the Chairperson and Board of
Directors of the North Beach Community Redevelopment Agency on September 3, 2025,
through Resolution No. 037-2025, and also adopted by the Mayor and City Commission of the
City of Miami Beach on September 3, 2025, through Resolution No. 2025-33888; 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, which includes the proposed realignment of
funding budgeted between various projects and programs, it is recommended by the
Administration that the total surplus of$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 set aside for
projects and programs that were budgeted in FY 2025 that have not been completed and
carried forward and appropriated in the respective FY 2026 North Beach Community
Redevelopment Area operating budget.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE CHAIRPERSON AND BOARD
OF DIRECTORS OF THE NORTH BEACH COMMUNITY REDEVELOPMENT AGENCY, that
following a duly noticed public hearing on November 20, 2025, the Chairperson and Board of
Directors of the North Beach Community Redevelopment Agency hereby adopt the Fourth
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 aa day of N�`Pm6�✓� , 2025.
Steven Meiner, Chairperson
ATTEST:
Rafael E. Granado, Secretary
APPROVED AS TO
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Exhibit"A"
North Beach Community RedevelopmentAgency
North Beach Community Redevelopment Area
Operating Budget
FY 2025 4th 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/PriorYearSurplus $ 875,000 $ 875,000
TOTALREVENUES $ 3,381,000 $ - $ 3,381,000
Admin/Operating Expenditures
CMBAdministration $ 112,000 $ (19,000) $ 93,000
CountyAdmin Fee $ 17,000 $ 17,000
Total Admin/Operating Expenditures $ 129,000 $ (19,000) $ 110,000
Project Expenditures
Small Business Development $ 97,000 $ (95,000) $ 2,000
Beautification $ 342,000 $ (320,000) $ 22,000
Arts&Culture $ 175,000 $ (110,000) $ 65,000
Enhanced Services
Community Policing $ 239,000 $ (10,000) $ 229,000
Code Compliance $ 130,000 $ (51,000) $ 79,000
Community Cleanliness $ 66,000 $ - $ 66,000
Total Project Expenditures $ 1,049,000 $ (586,000) $ 463,000
Reserves,Debt Service and Other Obligations
Set-aside forAffordable&Workforce Housing $ 1,867,000 $ 1,867,000
Set-aside for Future Projects $ 336,000 $ 605,000 $ 941,000
Total Reserves,Debt Service&Other Obligations $ 2,203,000 $ 605,000 $ 2,808,000
TOTALEXPENDITURESANDOBLIGATIONS $ 3,381,000 $ - $ 3,381,000
Revenues Less Expenditures $ - $ - $ -
North Beach Community Redevelopment Agency (NBCRA) 1
MIAl1/1 � BEA� H
NBCRA MEMORANDUM
TO: Chairperson and Board of Directors of the North Beach Community Redevelopment
Agency
FROM: Eric Carpenter, Executive Director
DATE: November 20, 2025
TITLE: A RESOLUTION OF THE CHAIRPERSON AND BOARD OF DIRECTORS OF THE
NORTH BEACH COMMUNITY REDEVELOPMENT AGENCY, ADOPTING THE
FOURTH 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 Board of Directors 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 Chairperson and Board of Directors of the North Beach Community
Redevelopment Agency on September 25, 2024, through Resolution No. 021-2024, and also
adopted by the Mayor and City Commission of the City of Miami Beach on September 25, 2024,
through Resolution No. 2024-33298.
The First Amendment to the operating budget for the North Beach Community Redevelopment
Area for FY 2025 was 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 also adopted by the Mayor and City Commission of the City of Miami Beach on November
20, 2024, through Resolution No. 2024-33397.
The Second Amendment to the operating budget for the North Beach Community Redevelopment
Area for FY 2025 was 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
also adopted by the Mayor and City Commission of the City of Miami Beach on May 21, 2025,
through Resolution No. 2025-33684.
The Third Amendment to the operating budget for the North Beach Community Redevelopment
Area for FY 2025 was adopted by the Chairperson and Board of Directors of the North Beach
Community Redevelopment Agency on September 3, 2025, through Resolution No. 037-2025,
and also adopted by the Mayor and City Commission of the City of Miami Beach on September
3, 2025, through Resolution No. 2025-33888.
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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.
NORTH BEACH CRA OPERATING BUDGET AMENDMENT
The preliminary FY 2025 year-end analysis based on the proposed realignment of funding
between the various projects and programs that are budgeted in the North Beach Community
Redevelopment Area reflects that revenues for the North Beach Community Redevelopment Area
total $3,527,000 while expenditures total $573,000 resulting in a preliminary surplus of$2,954,000
for FY 2025.
.- - - _ _
FY 2025 FY 2025 Preliminary %Pctual of � � Over/�Under) %Overl(Under)
Adopted Miended Pctuals as of M�ended Miended M�ended
Budget Budget 09/30/2025 Budget Budget Budget
Revenues
Tax Increment Funds-City 1,396,000 1,396,000 1,396,436 100.0% 1,396,000 - 0.0%
Tax Increment Funds-County 1,09q000 1,090,000 1,090,237 100.0% 1,090,000 - 0.0%
A4scellaneous Revenues 20,000 20,000 165,863 829.3% 166,000 146,000 730.0%
Fund 8alance/Retained Earnings/PY Surplus - 875,000 - 0.0% 875,000 - 0.0%
TotalRevenues 2,506,000 3,381,000 2,652,536 78.5% 3,527,000 146,000 4.3%
Expenditures
AAmin/OperatingExpenditures 129,000 129,000 76,027 58.9% 78,000 (51,000) -39.5%
ProjectExpenditures 1,049,000 1,049,000 493,324 47.0% 495,000 (554,000) -52.8%
Reserves,Debt Service,and Other Obligations 1,328,000 2,203,000 - 0.0% - (2,203,000) -100.0%
Total Expenditures 2,506,000 3,381,000 569,351 16.8% 573,000 (2,808,000) -83.1%
Revenues Over/(Under)Expenditures - - 2,083,186 2,954,000 2,954,000
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.
The Administration is recommending that the preliminary surplus of $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 into the FY 2026 North Beach Community Redevelopment
Area operating budget for projects within the North Beach Community Redevelopment Agency
Redevelopment Plan that were budgeted in FY 2025 that have not been completed and are still
ongoing.
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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 Chairperson and Board of Directors of the North Beach
Community Redevelopment Agency adopt the Fourth Amendment to the North Beach Community
Redevelopment Area operating budget for FY 2025 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
Was this Aqenda Item initially requested by a lobbyist which, as defined in Code Sec. 2-481,
includes a principal engaqed in lobbyinq? No
If so, specify the name of lobbyist(s) and principal(s):
Department
Management and Budget
Sponsor(s)
Co-sponsor(s)
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Condensed Title
Joint, Adopt 4th Amendment to NBCRA Operating Budget for FY 2025. OMB
Previous Action (For Citv Clerk Use Onlv)
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EXHIBIT A
North Beach Community Redevelopment Agency
North Beach Community Redevelopment Area
Operating Budget
FY 2025 4th 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 $ 875,000 $ 875,000
TOTAL REVENUES $ 3,381,000 $ - $ 3,381,000
Admin/Operating Expenditures
CMB Administration $ 112,000 $ (19,000) $ 93,000
County Admin Fee $ 17,000 $ 17,000
Total Admin/Operating Expenditures $ 129,000 $ (19,000) $ 110,000
Project Expenditures
Small Business Development $ 97,000 $ (95,000) $ 2,000
Beautification $ 342,000 $ (320,000) $ 22,000
Arts&Culture $ 175,000 $ (110,000) $ 65,000
Enhanced Services
Community Policing $ 239,000 $ (10,000) $ 229,000
Code Compliance $ 130,000 $ (51,000) $ 79,000
Community Cleanliness $ 66,000 $ - $ 66,000
Total Project Expenditures $ 1,049,000 $ (586,000) $ 463,000
Reserves,Debt Service and Other Obligations
Set-aside for Affordable&Workforce Housing $ 1,867,000 $ 1,867,000
Set-aside for Future Projects $ 336,000 $ 605,000 $ 941,000
Total Reserves,Debt Service&Other Obligations $ 2,203,000 $ 605,000 $ 2,808,000
TOTAL EXPENDITURES AND OBLIGATIONS $ 3,381,000 $ - $ 3,381,000
Revenues Less Expenditures $ - $ - $ -
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