Community Redevelopment Agency Board

City of Miami Gardens Community Redevelopment Agency Board Agenda September 22, 2021 at 6:05 PM City Council: Staff: Chairperson Rodney Harris City Manager Cameron Benson Vice Chairperson Reggie Leon City Attorney Sonja K. Dickens, Esq. Board Member Shannon Campbell City Clerk Mario Bataille, CMC Board Member Shannan Ighodaro Board Member Katrina Wilson Contact: Board Member Linda Julien Council Chambers Board Member Robert Stephens, III 18605 NW 27th Avenue Miami Gardens, Florida 33056 Phone: (305) 914-9010 Fax: (305) 914-9033 Website: www.miamigardens-fl.gov Livestream: https://miamigardens.civicweb.net/Portal/Video.aspx **Special Notice to the Public** The City Council meeting will be streamed live on the City's website via the Agenda Web Portal at https://miamigardens.civicweb.net/Portal/Video.aspx and YouTube Live as the City Council Chambers will be closed to the public but an exemption will be made for the allowance of one individual at a time to enter Council Chambers in order to address the City Council during the Open Public Comment portion of the City Council meeting, on a particular item, or during a quasi-judicial public hearing. Zoom will be available as an additional means for public participation. Any member of the public who wishes to provide public comment can do so by pre-registering with the City Clerk at least one hour prior to the meeting by emailing mbataille@miamigardens- fl.gov. City of Miami Gardens Resolution No. 2020-136-3533 established procedures for meetings of the City Council while the City remains under a declared State of Emergency due to the Coronavirus/COVID-19 pandemic and are consistent with social distancing recommendations intended to protect the life and safety of individuals in the community. City Hall remains closed to the public but exception will be made for the allowance of one individual at a time to enter Council Chambers in order to address the City Council during the Open Public Comment portion of the City Council meeting, on a particular item, or during a quasi-judicial public hearing. The only individuals that will be present physically at all time during these City Council Meetings are the Mayor, City Council, Charter Officers, Deputy City Manager, Deputy City Clerk, Assistant City Attorney, and a I.T. support staff members. Article VII of the Miami Gardens Code entitled, “Lobbyist” requires that all lobbyists before engaging in any lobbying activities to register with the City Clerk and pay a one-time annual fee of $250.00. This applies to all persons who are retained (whether paid or not) to represent a business entity or organization to influence “City” action. “City” action is broadly described to Page 1 of 7 include the ranking and selection of professional consultants, and virtually all-legislative, quasi- judicial and administrative action. All not-for-profit organizations, local chamber and merchant groups, homeowner associations, or trade associations and unions must also register however an annual fee is not required. Page 1. CALL TO ORDER/ROLL CALL 2. INVOCATION 3. PLEDGE OF ALLEGIANCE 4. ORDER OF BUSINESS (Items to be pulled from Consent Agenda at this time) 5. SPECIAL PRESENTATIONS (5 MINUTES EACH) 6. PUBLIC COMMENTS 7. RESOLUTION(S)/AGENCY BUSINESS 7.1 A RESOLUTION OF THE CITY OF MIAMI GARDENS, FLORIDA, 3-7 COMMUNITY REDEVELOPMENT AGENCY (“CRA”), ADOPTING A BUDGET FOR THE CITY OF MIAMI GARDENS CRA AND MAKING APPROPRIATIONS FOR THE FISCAL YEAR 2021-2022. Sponsored by: City Manager Agenda Cover Memo #21-165 - Pdf 8. ADJOURNMENT Page 2 of 7 Agenda Item #7.1 City of Miami Gardens Agenda Cover Memo 21-165 Meeting: Community Redevelopment Agency Board - Sep 22 2021 Department Sponsored By City Manager's Office City Manager Agenda Item Title A RESOLUTION OF THE CITY OF MIAMI GARDENS, FLORIDA, COMMUNITY REDEVELOPMENT AGENCY (“CRA”), ADOPTING A BUDGET FOR THE CITY OF MIAMI GARDENS CRA AND MAKING APPROPRIATIONS FOR THE FISCAL YEAR 2021-2022. Staff Summary Background Miami Gardens Community Redevelopment Plan was approved by the Miami Gardens Community Redevelopment Agency (CRA) Board and Miami Gardens City Council in July 2019. The CRA Plan addresses the NW 27th Avenue CRA Study Area. The intent of the CRA and Plan is to build a destination that will attract visitors, create jobs, and support the local economy. Specifically, the Plan prioritizes a catalyst project, the Miami Gardens Performing Arts Center. The CRA is a dependent taxing district. Its main source of funding derives from Tax Increment Financing (TIF). TIF funds are derived from the value of property values within the CRA boundary after the base year, 2019. Note, this is not an additional tax, but a portion of the existing property taxes in that area. The revenue generated from TIF will first be used to build the Miami Gardens Performing Arts Center specified in the approved Community Redevelopment Plan. Revenues The fiscal year's funding sources are derived from the projected Miami Gardens Tax Increment Revenue (TIR) and the projected Miami-Dade County Tax Increment Revenue (TIR). The preliminary taxable value for the MGCRA is $531,730,993. MGCRA base year taxable value (2019) was $372,687,355. The difference, $159,043,638, is the increment value. Municipal TIR: Using the Increment Value of $159,043,638 divided by $1000 x the City's millage rate of 6.9363 x .75, FY 2022 will yield revenue of $827,381. County TIR: Using the Increment Value of $159,043,638 divided by $1000 x the County's millage rate of 4.6669 x .75, FY 2022 will yield revenue of $556,681. The total Tax Increment Finance Payment to MGCRA will be $1,384,062. Page 3 of 7 Agenda Item #7.1 Expenditures Proposed Fiscal Year 2022 expenditures reflect an allowable administrative fee to Miami-Dade County as outlined in the 2019 Interlocal Agreement. Also, per this 2019 Interlocal Agreement, Section V, the MGCRA will contribute twenty-five percent (25%) of the County’s portion to the Transportation Fund in support of the North Corridor Project of the Strategic Miami Area Rapid Transit Plan (SMART Plan). The remaining funds will be placed in reserves to support the future Miami Gardens Performing Arts Center, per the MGCRA Plan. Fiscal Impact For Fiscal Year 2022, the Miami Gardens Community Redevelopment Agency will have a projected budget of $1,384,062. Recommended Action That the Board approves the Fiscal Year 2022 Miami Gardens Community Redevelopment Agency budget, as set forth in Exhibit A. Attachments Resolution 2021 - CRA BUDGET FY 2021-2022 FY22 Miami Gardens CRA Budget Page 4 of 7 Agenda Item #7.1 1 RESOLUTION NO. 2021____ 2 3 4 A RESOLUTION OF THE CITY OF MIAMI GARDENS, FLORIDA, 5 COMMUNITY REDEVELOPMENT AGENCY (“CRA”), ADOPTING A 6 BUDGET FOR THE CITY OF MIAMI GARDENS CRA AND MAKING 7 APPROPRIATIONS FOR THE FISCAL YEAR 2021-2022. 8 9 10 WHEREAS, the City Council of the City of Miami Gardens, Florida (“City 11 Council”) has adopted a Community Redevelopment Plan for the Miami Gardens CRA; 12 and 13 WHEREAS, the CRA has examined the proposed appropriations and estimated 14 revenues for the implementation and carrying out of the Plan for Fiscal Year 2021-2022; 15 and 16 WHEREAS, the CRA now wishes to adopt the attached Fiscal Year 2021-2022 17 Operating Budget for the Miami Gardens District of the CRA, 18 NOW, THEREFORE, BE IT R E S O L V E D BY THE CITY OF MIAMI 19 GARDENS, FLORIDA COMMUNITY REDEVELOPMENT AGENCY: 20 21 Section 1: That the foregoing “WHEREAS” clauses are ratified and confirmed as 22 being true and correct and are incorporated in this Resolution. 23 24 Section 2: That it approves and adopts the attached Fiscal Year 2021-2022 25 Operating Budget for the Miami Gardens CRA. 26 27 Section 3: That the attached Fiscal Year 2021-2022 Operating Budget is 28 adopted based on preliminary projections of Fiscal Year 2021-2022 revenues and 29 expenses; the CRA may amend the Budget when final information is available and 30 as may be otherwise advisable from time to time during the fiscal year. 31 32 Section 4: This Resolution shall take effect immediately upon its final passage. 33 PASSED AND ADOPTED BY COMMUNITY REDEVELOPMENT AGENCY OF 34 THE CITY OF MIAMI GARDENS AT ITS REGULAR MEETING HELD ON 35 ____________, 2021. 36 37 Page 5 of 7 Agenda Item #7.1 38 39 ATTEST: MIAMI GARDENS, FLORIDA 40 COMMUNITY REDEVELOPMENT 41 AGENCY 42 43 44 ________________________________ ________________________________ 45 MARIO BATAILLE, BOARD SECRETARY RODNEY HARRIS, CHAIR 46 47 48 APPROVED AS TO FORM AND LEGAL 49 SUFFICIENCY for the use and reliance 50 Redevelopment Agency only. 51 ________________________________ 52 SONJA K. DICKENS 53 CRA ATTORNEY 54 55 PREPARED BY: SONJA K. DICKENS, CRA ATTORNEY 56 57 SPONSORED BY: 58 59 Moved by: __________________ 60 61 VOTE: _________ 62 63 Chairperson Rodney Harris ____ (Yes) ____ (No) 64 Board Member Shannon Campbell ____ (Yes) ____ (No) 65 Board Member Shannan Ighodaro ____ (Yes) ____ (No) 66 Board Member Linda Julien ____ (Yes) ____ (No) 67 Board Member Reggie Leon ____ (Yes) ____ (No) 68 Board Member Robert Stephens, III ____ (Yes) ____ (No) 69 Board Member Katrina Wilson ____ (Yes) ____ (No) 70 71 2 Page 6 of 7 Agenda Item #7.1 Miami Gardens Exhibit A Community Redevelopment Agency FY 2021-22 Proposed Budget (FY 2021-22 begins October 1, 2021) FY 21-22 Proposed Revenues Budget Municipal Tax Increment Revenue @ 75% 827,381 County Tax Increment Revenue @ 75% 556,681 Revenue Total 1,384,062 Expenditures County Administrative Charge @ 1.5% 8,350 Contribution to SMART Plan @ 25% of County TIR 139,170 Reserves - Miami Gardens Performing Arts Center 1,236,542 Page 7 of 7