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HomeMy WebLinkAbout2023-127-2017_-_Revised_CRA_Budget_for_FY_2023_-_Adopted.docxRESOLUTION NO. 2023-127-2017 A RESOLUTION OF THE CITY COUNCIL 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. WHEREAS, The remaining funds ($3,944,530) will be placed in reserves to support the future Miami Gardens Performing Arts Center, and WHEREAS, Miami Gardens City Council is also required to approve the revised MGCRA Fiscal Year 2023 Adopted Budget. 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 City Council 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 CITY COUNCIL 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. DocuSign Envelope ID: 770E7E06-A8B1-45FF-9E9D-010AD21B3332 Page 2 of 2 Resolution No. 2023-127-2017 Section 2. DESIGNATION: The City Council 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 THE CITY COUNCIL OF THE CITY OF MIAMI GARDENS AT ITS REGULAR MEETING HELD ON SEPTEMBER 13, 2023. ________________________________ RODNEY HARRIS, MAYOR ATTEST: ________________________________ MARIO BATAILLE, CMC, CITY CLERK PREPARED BY: SONJA KNIGHTON DICKENS, CITY ATTORNEY SPONSORED BY: CAMERON BENSON, CITY MANAGER Moved by: Councilman Stephens Seconded by: Councilwoman Campbell VOTE: 7-0 Mayor Harris Yes Vice Mayor Wilson Yes Councilwoman Campbell Yes Councilwoman Ighodaro Yes Councilwoman Julien Yes Councilman Leon Yes Councilwoman Stephens, III Yes DocuSign Envelope ID: 770E7E06-A8B1-45FF-9E9D-010AD21B3332