HomeMy WebLinkAboutCRA-2025-003-022_-_Amending_FY_2025_CRA_Budget_-_Adopted.docx
RESOLUTION NO. CRA-2025-003-022
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF MIAMI GARDENS, FLORIDA,
APPROVING THE AMENDED FISCAL YEAR 2025 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.
WHEREAS, The Miami Gardens Community Redevelopment Agency (MGCRA)
Board approved the Fiscal Year (FY) 2025 Budget on September 25, 2024, and
WHEREAS, Following a review by Miami-Dade County, a request was made to
revise the adopted FY 2025 Budget, and
WHEREAS, The amended total revenues for FY 2025 amount to $9,039,122.00,
and
WHEREAS, This total includes $100,000 in projected interest earnings and an
increase of $94,376 in the "Previous Year Carryover" line item, and
WHEREAS, The revised total expenditures also equal $9,039,122.00, maintaining
a balanced budget, and
WHEREAS, Key changes include the addition of a "Professional Services" line
item to account for costs associated with the Miami Gardens Performing Arts Center, and
WHEREAS, Planned expenditures also cover administrative costs and the
required North Corridor SMART Plan payments to Miami-Dade County, as outlined in the
Interlocal Agreement, and
WHEREAS, The remaining funds ($7,291,329) will be placed in reserves to
support the construction of the Miami Gardens Performing Arts Center, and
WHEREAS, For Fiscal Year 2025, the Miami Gardens Community Redevelopment
Agency will have an Amended Budget of $9,039,122.00, and
WHEREAS, The Miami Gardens Community Redevelopment Agency Board
approves the Fiscal Year 2025 Amended Budget, as set forth in Exhibit “A”,
NOW THEREFORE, BE IT RESOLVED BY THE MIAMI GARDENS COMMUNITY
REDEVELOPMENT AGENCY, AS FOLLOWS:
Docusign Envelope ID: 62560E34-3213-4E70-B715-7F655A3210D2
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Resolution No. CRA-2025-003-022
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 Miami Gardens Community Redevelopment
Agency hereby approves Fiscal Year 2025 Amended 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 COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF MIAMI GARDENS AT ITS SPECIAL MEETING HELD ON JULY 9, 2025.
________________________________
RODNEY HARRIS, CHAIR
ATTEST:
________________________________
MARIO BATAILLE, CMC, CITY CLERK
PREPARED BY: SONJA KNIGHTON DICKENS, CITY ATTORNEY
SPONSORED BY: CAMERON BENSON, CITY MANAGER
Moved by: Board Member Leon
Seconded by: Board Member Julien
VOTE: 6-0
Chair Harris Yes
Vice Chair Stephens, III Absent
Board Member Baskin Yes
Board Member Leon Yes
Board Member Powell Yes
Board Member Wilson Yes
Board Member Julien Yes
Docusign Envelope ID: 62560E34-3213-4E70-B715-7F655A3210D2