Community Redevelopment Agency Board Special Meeting

City of Miami Gardens Community Redevelopment Agency Board Agenda September 28, 2022 at 5:05 PM City Council: Staff: Chair Rodney Harris City Manager Cameron Benson Vice Chair Reggie Leon 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 Robert Stephens Council Chambers Board Member Katrina Wilson 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 5:05 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 – April 27, 2022 Sponsored by: City Clerk 4.2 CRA Meeting Draft Minutes - May 11, 2022 Page 1 of 9  Sponsored by: City Clerk 4.3 CRA Meeting Draft Minutes - June 8, 2022 Sponsored by: City Clerk 5. ORDER OF BUSINESS (Items to be pulled from Consent Agenda at this time) 6. SPECIAL PRESENTATIONS (5 MINUTES EACH) 7. PUBLIC COMMENTS 8. RESOLUTION(S)/AGENCY BUSINESS 8.1 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY 3-9 OF THE CITY OF MIAMI GARDENS, FLORIDA, APPROVING THE FISCAL YEAR 2023 MIAMI GARDENS COMMUNITY REDEVELOPMENT AGENCY BUDGET, AS SET FORTH IN EXHIBIT “A”; PROVIDING FOR ADOPTION OF REPRESENTATIONS; REPEALING ALL RESOLUTIONS IN CONFLICT; PROVIDING A SEVERABILITY CLAUSE; PROVIDING AN EFFECTIVE DATE. Sponsored by: City Manager Agenda Cover Memo #22-203 - 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 9 Agenda Item #8.1 City of Miami Gardens Agenda Cover Memo 22-203 Meeting: Community Redevelopment Agency Board Special Meeting - Sep 28 2022 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 2023 MIAMI GARDENS COMMUNITY REDEVELOPMENT AGENCY BUDGET, AS SET FORTH IN EXHIBIT “A”; PROVIDING FOR ADOPTION OF REPRESENTATIONS; REPEALING ALL RESOLUTIONS IN CONFLICT; PROVIDING A SEVERABILITY CLAUSE; 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 main source of funding derives from Tax Increment Financing (TIF). TIF funds are a result of the added 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 be used to build the Miami Gardens Performing Arts Center specified in the approved Community Redevelopment Plan. TIF funds can also cover administrative costs. Revenues FY 2023 funding sources are derived from the projected Miami Gardens Tax Increment Revenue (TIR) and the projected Miami-Dade County Tax Increment Revenue (TIR). For 2022, the preliminary taxable value for the MGCRA is $621,920,653. MGCRA base year taxable value (2019) was $372,687,355. The difference, $249,233,298, is the increment value. Municipal TIR: Using the Increment Value of $249,233,298 divided by $1000 x the City's millage rate of 6.9363, and budgeting at seventy-five percent (75%) of this amount for FY 2023 will yield revenue of $1,296,569. County TIR: Using the Increment Value of $249,233,298 divided by $1000 x the County's millage rate of 4.6202 x .75, for FY 2023 will yield revenue of $863,632. Page 3 of 9 Agenda Item #8.1 As a result of a 2020 reduction adjustment of $216,775, the final FY2023 revenue from Miami-Dade County will be $646,856. The Total Tax Increment Finance Payment to MGCRA will be $1,943,424. Expenditures Proposed Fiscal Year 2023 expenditures reflect an allowable administrative fee to Miami-Dade County as outlined in the Interlocal Agreement ($9,703). Also per the Miami Dade County Interlocal Agreement, twenty-five percent (25%) of the County's portion of the CRA revenue stays with Miami-Dade County to support the Northern Corridor of the SMART Plan ($161,714). Remaining funds will be placed in reserves to support the future Miami Gardens Performing Arts Center ($1,772,007). Fiscal Impact For Fiscal Year 2023, the Miami Gardens Community Redevelopment Agency will have a projected budget of $1,943,424. Recommended Action That the Board approves the Fiscal Year 2023 Miami Gardens Community Redevelopment Agency budget, as set forth in Exhibit A. Attachments CRA Resolution 2022 - approves the Fiscal Year 2023 Miami Gardens Community Redevelopment Agency Budget Exhibit A - FY23 Miami Gardens CRA Budget Page 4 of 9 Agenda Item #8.1 1 RESOLUTION NO. 2022____ 2 3 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT 4 AGENCY OF THE CITY OF MIAMI GARDENS, FLORIDA, 5 APPROVING THE FISCAL YEAR 2023 MIAMI GARDENS 6 COMMUNITY REDEVELOPMENT AGENCY BUDGET, AS SET 7 FORTH IN EXHIBIT “A”; PROVIDING FOR ADOPTION OF 8 REPRESENTATIONS; REPEALING ALL RESOLUTIONS IN 9 CONFLICT; PROVIDING A SEVERABILITY CLAUSE; PROVIDING 10 AN EFFECTIVE DATE. 11 12 WHEREAS, Miami Gardens Community Redevelopment Plan was approved by 13 the Miami Gardens Community Redevelopment Agency (MGCRA) Board and Miami 14 Gardens City Council in 2019, and 15 WHEREAS, the CRA Plan addresses the NW 27th Avenue CRA Study Area, and 16 WHEREAS, the intent of the CRA and Plan is to build a destination that will 17 attract visitors, create jobs, and support the local economy, and 18 WHEREAS, the Plan prioritizes a catalyst project, the Miami Gardens Performing 19 Arts Center, and 20 WHEREAS, the MGCRA's main source of funding derives from Tax Increment 21 Financing (TIF), and 22 WHEREAS, TIF funds are a result of the added value of property values within 23 the CRA boundary after the base year, 2019, and 24 WHEREAS, this is not an additional tax, but a portion of the existing property 25 taxes in that area, and 26 WHEREAS, the revenue generated from TIF will be used to build the Miami 27 Gardens Performing Arts Center specified in the approved Community Redevelopment 28 Plan, and 29 WHEREAS, TIF funds can also cover administrative costs, and Page 5 of 9 Agenda Item #8.1 30 WHEREAS, Fiscal Year 2023 funding sources are derived from the projected 31 Miami Gardens Tax Increment Revenue (TIR) and the projected Miami-Dade County 32 Tax Increment Revenue (TIR), and 33 WHEREAS, for 2022, the preliminary taxable value for the MGCRA is 34 $621,920,653, and 35 WHEREAS, MGCRA base year taxable value (2019) was $372,687,355, and 36 WHEREAS, the difference, $249,233,298, is the increment value, and 37 WHEREAS, Municipal TIR: using the Increment Value of $249,233,298 divided 38 by $1000 x the City's millage rate of 6.9363, and budgeting at seventy-five percent 39 (75%) of this amount for FY 2023 will yield revenue of $1,296,569, and 40 WHEREAS, County TIR: using the Increment Value of $249,233,298 divided by 41 $1000 x the County's millage rate of 4.6202 x .75, for FY 2023 will yield revenue of 42 $863,632. 43 WHEREAS, as a result of a 2020 reduction adjustment of $216,775, the final 44 FY2023 revenue from Miami-Dade County will be $646,856.00, 45 WHEREAS, the Total Tax Increment Finance Payment to MGCRA will be 46 $1,943,424.00, and 47 WHEREAS, Staff recommends that the CRA Board approves the Fiscal Year 48 2023 Miami Gardens Community Redevelopment Agency budget, as set forth in Exhibit 49 “A”, 50 NOW THEREFORE, BE IT RESOLVED BY THE COMMUNITY 51 REDEVELOPMENT AGENCY OF THE CITY OF MIAMI GARDENS, AS FOLLOWS: 2 Page 6 of 9 Agenda Item #8.1 52 Section 1. ADOPTION OF REPRESENTATIONS: The foregoing Whereas 53 paragraphs are hereby ratified and confirmed as being true, and the same are hereby 54 made a specific part of this Resolution. 55 Section 2. DESIGNATION: The Community Redevelopment Agency of the 56 City of Miami Gardens hereby approves the Fiscal Year 2023 Miami Gardens 57 Community Redevelopment Agency budget, as set forth in Exhibit “A”. 58 Section 3. EFFECTIVE DATE: This Resolution shall take effect immediately 59 upon its final passage. 60 PASSED AND ADOPTED BY COMMUNITY REDEVELOPMENT AGENCY OF 61 THE CITY OF MIAMI GARDENS AT ITS REGULAR MEETING HELD ON 62 ____________, 2022. 63 64 65 ___________________________________ 66 RODNEY HARRIS, CHAIRPERSON 67 68 ATTEST: 69 70 71 __________________________________ 72 MARIO BATAILLE, CITY CLERK 73 74 75 PREPARED BY: SONJA KNIGHTON DICKENS, CITY ATTORNEY 76 77 78 SPONSORED BY: CAMERON D. BENSON, CITY MANAGER 79 80 Moved by: __________________ 81 82 VOTE: _________ 83 84 Chairperson Rodney Harris ____ (Yes) ____ (No) 85 Vice Chairperson Mayor Reggie Leon ____ (Yes) ____ (No) 3 Page 7 of 9 Agenda Item #8.1 86 Board Member Shannon Campbell ____ (Yes) ____ (No) 87 Board Member Shannan Ighodaro ____ (Yes) ____ (No) 88 Board Member Linda Julien ____ (Yes) ____ (No) 89 Board Member Robert Stephens, III ____ (Yes) ____ (No) 90 Board Member Katrina Wilson ____ (Yes) ____ (No) 91 4 Page 8 of 9 Agenda Item #8.1 Miami Gardens Exhibit A Community Redevelopment Agency FY 2022-23 Proposed Budget (FY 2022-23 begins October 1, 2022) FY 22-23 Proposed Revenues Budget Municipal Tax Increment Revenue @ 75% 1,296,568 County Tax Increment Revenue @ 75% 646,856 Revenue Total 1,943,424 Expenditures County Administrative Charge @ 1.5% 9,703 Contribution to SMART Plan @ 25% of County TIR 161,714 Reserves - Miami Gardens Performing Arts Center 1,772,007 Expenditures Total 1,943,424 Page 9 of 9