Community Redevelopment Agency Board

City of Miami Gardens Community Redevelopment Agency Board Special Meeting Agenda September 13, 2023 at 5:02 PM CRA Board: Staff: Chair Rodney Harris City Manager Cameron Benson Vice Chair Katrina Wilson City Attorney Sonja K. Dickens, Esq. Board Member Shannon Campbell City Clerk Mario Bataille, CMC Board Member Shannan Ighodaro Board Member Linda Julien Contact: Board Member Reggie Leon Council Chambers Board Member Robert Stephens 18605 NW 27th Avenue Miami Gardens, Florida 33056 Phone: (305) 914-9010 Fax: (305) 914-9033 Website: www.miamigardens-fl.gov **Notice to the Public** The Miami Gardens Community Redevelopment Agency Board Meeting will start at 5:02 PM or immediately following the preceding City of Miami Gardens Special Meeting - 2nd Budget Hearing. 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 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. APPROVAL OF MINUTES 4.1 CRA Meeting Draft Minutes – September 28, 2023 5. ORDER OF BUSINESS (Items to be pulled from Consent Agenda at this time) Page 1 of 16  6. SPECIAL PRESENTATIONS (5 MINUTES EACH) 7. PUBLIC COMMENTS 8. RESOLUTION(S)/AGENCY BUSINESS 8.1 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY 3-8 OF THE CITY OF MIAMI GARDENS, FLORIDA, APPROVING THE REVISED FISCAL YEAR 2023 ADOPTED MIAMI GARDENS COMMUNITY REDEVELOPMENT AGENCY BUDGET, AS SET FORTH IN EXHIBIT “A”; PROVIDING FOR ADOPTION OF REPRESENTATIONS; PROVIDING AN EFFECTIVE DATE. Sponsored by: City Manager Agenda Cover Memo #23-188 - Pdf 8.2 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY 9 - 16 OF THE CITY OF MIAMI GARDENS, FLORIDA, APPROVING THE FISCAL YEAR 2024 MIAMI GARDENS COMMUNITY REDEVELOPMENT AGENCY BUDGET, AS SET FORTH IN EXHIBIT “A”; PROVIDING FOR ADOPTION OF REPRESENTATIONS; PROVIDING AN EFFECTIVE DATE. Sponsored by: City Manager Agenda Cover Memo #23-190 - Pdf 9. ADJOURNMENT In accordance with the American with Disabilities Act of 1990, all persons who are disabled and who need special accommodations to participate in this meeting because of that disability should contact Mario Bataille, CMC, City Clerk (305) 622-8000 ext. 2830, no later than 48 hours prior to such proceedings. TDD number 1- 800-955-8771. Anyone wishing to obtain a copy of any agenda item may contact Mario Bataille, CMC, City Clerk (305) 622- 8000 ext. 2830. The entire agenda packet can also be found on the city’s website at www.miamigardens-fl.gov. Anyone wishing to appeal any decision made by the city of Miami Gardens with respect to any matter considered at such meeting or hearing will need a record of the proceedings and, for such purpose, may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. Page 2 of 16 Agenda Item #8.1 City of Miami Gardens Agenda Cover Memo 23-188 Meeting: Community Redevelopment Agency Board - Sep 13 2023 Department Sponsored By City Manager's Office City Manager Agenda Item Title A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI GARDENS, FLORIDA, APPROVING THE REVISED FISCAL YEAR 2023 ADOPTED MIAMI GARDENS COMMUNITY REDEVELOPMENT AGENCY BUDGET, AS SET FORTH IN EXHIBIT “A”; PROVIDING FOR ADOPTION OF REPRESENTATIONS; PROVIDING AN EFFECTIVE DATE. Staff Summary Background The Miami Gardens Community Redevelopment Agency Board approved the Proposed Fiscal Year 2023 Budget on September 28, 2022. After Miami Dade County’s review, a request was made to revise the Fiscal Year 2023 Adopted Budget to include the Fiscal Year 2022 Adopted Budget and Fiscal Year 2022 Actuals. Revised FY 2023 Revenues Reflecting the FY 2022 Adopted and Actual amounts, the revised total revenues for FY23 is $4,125,122. This total amount includes a fund balance carryover from FY22 of $2,181,698. Revised FY 2023 Expenditures By reflecting the FY 2022 Adopted and Actual amounts, the revised total expenditures for FY23 are $4,125,122. FY23 expenditures include administrative and Northern Corridor SMART Plan payments to Miami-Dade County, as the Interlocal Agreement outlines. The remaining funds ($3,944,530) will be placed in reserves to support the future Miami Gardens Performing Arts Center. Fiscal Impact For Fiscal Year 2023, the Miami Gardens Community Redevelopment Agency will have a Revised Adopted Budget of $4,125,122. Recommended Action Page 3 of 16 Agenda Item #8.1 The Board approves the Revised Fiscal Year 2023 Adopted Miami Gardens Community Redevelopment Agency Budget, as Exhibit A outlines. Attachments RESOLUTION - REVISED ADOPTED FY23 CRA BUDGET CRA FY 2023 Budget - Revised Page 4 of 16 Agenda Item #8.1 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI GARDENS, FLORIDA, APPROVING THE REVISED FISCAL YEAR 2023 ADOPTED MIAMI GARDENS COMMUNITY REDEVELOPMENT AGENCY BUDGET, AS SET FORTH IN EXHIBIT “A”; PROVIDING FOR ADOPTION OF REPRESENTATIONS; PROVIDING AN EFFECTIVE DATE. WHEREAS, Miami Gardens Community Redevelopment Agency Board approved the Proposed Fiscal Year 23 Budget on September 28, 2022, and WHEREAS, Miami Dade County requested a revision the Fiscal Year 2023 Adopted Budget to include the Fiscal Year 2022 Adopted Budget and Fiscal Year 2022 Actuals, and WHEREAS, Reflecting the Fiscal Year 2022 Adopted and Actual amounts, the revised total revenues for Fiscal Year 2023 is $4,125,122. WHEREAS, this revised total revenue amount includes a fund balance carryover from Fiscal Year 2022 of $2,181,698, and WHEREAS, Fiscal Year 2023 expenditures include administrative and Northern Corridor SMART Plan payments to Miami-Dade County, as the Interlocal Agreement outlines. Page 5 of 16 Agenda Item #8.1 WHEREAS, The remaining funds ($3,944,530) will be placed in reserves to support the future Miami Gardens Performing Arts Center, and WHEREAS, For Fiscal Year 2023, the Miami Gardens Community Redevelopment Agency will have a Revised Adopted Budget of $4,125,122, and WHEREAS, Staff recommends that the CRA Board approves the Revised Fiscal Year 2023 Adopted Miami Gardens Community Redevelopment Agency Budget, as set forth in Exhibit “A”, NOW THEREFORE, BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI GARDENS, AS FOLLOWS: Section 1. ADOPTION OF REPRESENTATIONS: The foregoing Whereas paragraphs are hereby ratified and confirmed as being true, and the same are hereby made a specific part of this Resolution. Section 2. DESIGNATION: The Community Redevelopment Agency of the City of Miami Gardens hereby approves the Revised Fiscal Year 2023 Adopted Miami Gardens Community Redevelopment Agency Budget, as set forth in Exhibit “A”. Section 3. EFFECTIVE DATE: This Resolution shall take effect immediately upon its final passage. PASSED AND ADOPTED BY COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI Page 6 of 16 Agenda Item #8.1 GARDENS AT ITS REGULAR MEETING HELD ON ________________, 2023. ___________________________________ RODNEY HARRIS, CHAIRPERSON ATTEST: __________________________________ MARIO BATAILLE, CITY CLERK PREPARED BY: SONJA KNIGHTON DICKENS, CITY ATTORNEY SPONSORED BY: CAMERON D. BENSON, CITY MANAGER Moved by: __________________ VOTE: _________ Chairperson Rodney Harris ____ (Yes) ____ (No) Vice Chairperson Mayor Katrina Wilson ____ (Yes) ____ (No) Board Member Shannon Campbell ____ (Yes) ____ (No) Board Member Shannan Ighodaro ____ (Yes) ____ (No) Board Member Linda Julien ____ (Yes) ____ (No) Board Member Reggie Leon ____ (Yes) ____ (No) Board Member Robert Stephens, III ____ (Yes) ____ (No) Page 7 of 16 Agenda Item #8.1 MiamiGardens Exhibit A CommunityRedevelopmentAgency FY2023 Budget (FY 2023 begins October 1, 2022) FY 2022 FY 2022 FY 2023 Revenues Adopted Actual Ado - ted Municipal Tax Increment Revenue @ 75% 827 381 827 381 1,296,568 County Tax Increment Revenue @ 75% 556 681 556,681 646,856 Previous Year Carryover R some 2,181 ,698 Revenue Total 1,384,062 2,190,560 TEE-IE Expenditures Operating Expenses n 8,862 9,175 County Administrative Charge @ 1.5% 8,350 — 9,703 Contribution to SMART Plan @ 25% of County TIF 139,170 3 161,714 Reserves Miami Gardens Performing Arts Center - 1,236,542 — 3,944,530 Expenditures Total 1,384,062 4,125,122 Fund Balance _ - I 2,181,698 - I Page 8 of 16 Agenda Item #8.2 City of Miami Gardens Agenda Cover Memo 23-190 Meeting: Community Redevelopment Agency Board - Sep 13 2023 Department Sponsored By City Manager's Office City Manager Agenda Item Title A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI GARDENS, FLORIDA, APPROVING THE FISCAL YEAR 2024 MIAMI GARDENS COMMUNITY REDEVELOPMENT AGENCY BUDGET, AS SET FORTH IN EXHIBIT “A”; PROVIDING FOR ADOPTION OF REPRESENTATIONS; PROVIDING AN EFFECTIVE DATE. Staff Summary Background Miami Gardens Community Redevelopment Plan was approved by the Miami Gardens Community Redevelopment Agency (MGCRA) Board and Miami Gardens City Council in 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 MGCRA's primary funding source derives from Tax Increment Financing (TIF). TIF funds result from the added value of properties within the CRA boundary after the base year, 2019. Note that this is not an additional tax but a portion of the existing property taxes in that area. Revenue generated from TIF will allocated to build the Miami Gardens Performing Arts Center, as specified in the approved Community Redevelopment Plan. TIF funds can also cover administrative operational costs. Fiscal Year 2024 funding sources are derived from the projected Miami Gardens Tax Increment Revenue (TIR) and the projected Miami-Dade County Tax Increment Revenue (TIR). For 2023, the preliminary taxable value for the MGCRA is $713,348,984. MGCRA's base year taxable value (2019) was $372,687,355. The difference, $340,661,629, is the increment value. Revenues Municipal TIR: Using the Increment Value of $340,661,629 divided by $1000 x the City's millage rate of 6.9363 and budgeting at seventy-five percent (75%) of this amount for FY 2024 will yield revenue of $1,772,198. County TIR: As a result of a 2021 reduction adjustment of $97,587, the final FY 2024 revenue from Miami-Dade County will be $1,071,052. Page 9 of 16 Agenda Item #8.2 Carryover fund balance from FY 2023 equals $3,711,125. Hence, the Total Tax Increment Finance Payment to MGCRA will be $6,554,375. Expenditures Projected FY 2024 expenditures reflect professional services estimated at $9,175 and an allowable administrative fee to Miami-Dade County as outlined in the Interlocal Agreement ($16,066). Also, per the Miami-Dade County Interlocal Agreement, twenty-five percent (25%) of the County's portion of the CRA revenue is transmitted to Miami-Dade County to support the Northern Corridor of the SMART Plan ($267,763). The remaining funds will be placed in reserves to support the future Miami Gardens Performing Arts Center ($6,261,371). Fiscal Impact For Fiscal Year 2024, the Miami Gardens Community Redevelopment Agency will have an adopted budget of $6,554,375. Recommended Action The Board approves the Fiscal Year 2024 Miami Gardens Community Redevelopment Agency Budget, as Exhibit A outlines. Attachments RESOLUTION - FY24 CRA Budget CRA FY 2024 Budget - Exhibit A Page 10 of 16 Agenda Item #8.2 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI GARDENS, FLORIDA, APPROVING THE FISCAL YEAR 2024 MIAMI GARDENS COMMUNITY REDEVELOPMENT AGENCY BUDGET, AS SET FORTH IN EXHIBIT “A”; PROVIDING FOR ADOPTION OF REPRESENTATIONS; PROVIDING AN EFFECTIVE DATE. WHEREAS, Miami Gardens Community Redevelopment Plan was approved by the Miami Gardens Community Redevelopment Agency (MGCRA) Board and Miami Gardens City Council in 2019, and WHEREAS, the CRA Plan addresses the NW 27th Avenue CRA Study Area, and WHEREAS, the intent of the CRA and Plan is to build a destination that will attract visitors, create jobs, and support the local economy, and WHEREAS, the Plan prioritizes a catalyst project, the Miami Gardens Performing Arts Center, and WHEREAS, the MGCRA's main source of funding derives from Tax Increment Financing (TIF), and WHEREAS, TIF funds are a result of the added value of properties within the CRA boundary after the base year, 2019, and WHEREAS, this is not an additional tax, but a portion of the existing property taxes in that area, and WHEREAS, the revenue generated from TIF allocated to build the Miami Gardens Performing Arts Center Page 11 of 16 Agenda Item #8.2 specified in the approved Community Redevelopment Plan, and WHEREAS, TIF funds can also cover administrative operational costs, and WHEREAS, Fiscal Year 2024 funding sources are derived from the projected Miami Gardens Tax Increment Revenue (TIR) and the projected Miami-Dade County Tax Increment Revenue (TIR), and WHEREAS, for 2023, the preliminary taxable value for the MGCRA is $713,348,984, and WHEREAS, MGCRA base year taxable value (2019) was $372,687,355, and WHEREAS, the difference, $340,661,629, is the increment value, and WHEREAS, Municipal TIR: using the Increment Value of $340,661,629 divided by $1000 x the City's millage rate of 6.9363 and budgeting at seventy-five percent (75%) of this amount for FY 2024 will yield revenue of $1,772,198, and WHEREAS, County TIR: as a result of a 2021 reduction adjustment of $97,587, the final FY 2024 revenue from Miami-Dade County will be $1,071,052 ,and WHEREAS, Carryover fund balance from FY 2023 equals $3,711,125, and WHEREAS, the Total Tax Increment Finance Payment to MGCRA will be $6,554,375, and Page 12 of 16 Agenda Item #8.2 WHEREAS, Projected FY 2024 expenditures reflect professional services estimated at $9,175 and an allowable administrative fee to Miami-Dade County as outlined in the Interlocal Agreement ($16,066), and WHEREAS, per the Miami-Dade County Interlocal Agreement, twenty-five percent (25%) of the County's portion of the CRA revenue is transmitted to Miami-Dade County to support the Northern Corridor of the SMART Plan ($267,763). WHEREAS, The remaining funds will be placed in reserves to support the future Miami Gardens Performing Arts Center ($6,261,371). WHEREAS, For Fiscal Year 2024, the Miami Gardens Community Redevelopment Agency will have an adopted budget of $6,554,375. WHEREAS, Staff recommends, the Board approves the Fiscal Year 2024 Miami Gardens Community Redevelopment Agency Budget, as set forth in Exhibit “A”, NOW THEREFORE, BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI GARDENS, AS FOLLOWS: Section 1. ADOPTION OF REPRESENTATIONS: The foregoing Whereas paragraphs are hereby ratified and confirmed as being true, and the same are hereby made a specific part of this Resolution. Section 2. DESIGNATION: The Community Redevelopment Agency of the City of Miami Gardens hereby approves the Page 13 of 16 Agenda Item #8.2 Fiscal Year 2024 Miami Gardens Community Redevelopment Agency Budget, as set forth in Exhibit “A”. Section 3. EFFECTIVE DATE: This Resolution shall take effect immediately upon its final passage. PASSED AND ADOPTED BY COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI GARDENS AT ITS REGULAR MEETING HELD ON ____________, 2023. ___________________________________ RODNEY HARRIS, CHAIRPERSON ATTEST: __________________________________ MARIO BATAILLE, CITY CLERK REVIEWED BY: SONJA KNIGHTON DICKENS, CITY ATTORNEY SPONSORED BY: CAMERON D. BENSON, CITY MANAGER Moved by: __________________ VOTE: _________ Chairperson Rodney Harris ____ (Yes) ____ (No) Vice Chairperson Katrina Wilson ____ (Yes) ____ (No) Board Member Shannon Campbell ____ (Yes) ____ (No) Board Member Shannan Ighodaro ____ (Yes) ____ (No) Board Member Linda Julien ____ (Yes) ____ (No) Board Member Reggie Leon ____ (Yes) ____ (No) Page 14 of 16 Agenda Item #8.2 Board Member Robert Stephens, III ____ (Yes) ____ (No) Page 15 of 16 Agenda Item #8.2 MiamiGardens Exhibit A CommunityRedevelopmentAgency FY2024 Budget (FY 2024 begins October 1, 2023) FY 2023 FY 2023 FY 2024 Revenues Adopted Actual Ado ted Municipal Tax Increment Revenue @ 75% 1,296,568 1,296 568 1,772,198 County Tax Increment Revenue @ 75% 646,856 646,856 1,071,052 Previous Year Carryover 2,181,698 2,181,698 3,711,125 Revenue Total 6,554,375 Expenditures Operating Expenses 9,175 County Administrative Charge @ 1.5% 16,066 Contribution to SMART Plan @ 25% of County TIF 267,763 Reserves Miami Gardens Performing Arts Center - — 6,261 ,371 Expenditures Total 4,125,122 413,997 6,554,375 Fund Balance - I 3,711,125 - I Page 16 of 16