R7G - Amend Fy2025 Nbcra Budget

Resolutions - R7 G

COMMISSION MEMORANDUM

10:05 a.m. Public Hearing

RECOMMENDATION

The Administration recommends that the City Commission adopt the attached Resolution.

BACKGROUND/HISTORY

In accordance with Section 189.016, Florida Statutes, the governing body of the North Beach Community Redevelopment Agency, operating as a special district, is required to adopt a budget by resolution each fiscal year and may amend the budget at any time, but not later than within 60 days following the end of the fiscal year.

The operating budget for the North Beach Community Redevelopment Area for Fiscal Year (FY) 2025 was adopted by the Mayor and City Commission on September 25, 2024, through Resolution No. 2024-33298, and also adopted by the Chairperson and Board of Directors of the North Beach Community Redevelopment Agency on September 25, 2024, through Resolution No. 021-2024.

The First Amendment to the operating budget for the North Beach Community Redevelopment Area for FY 2025 was adopted by the Mayor and City Commission on November 20, 2024, through Resolution No. 2024-33397, and also adopted by the Chairperson and Board of Directors of the North Beach Community Redevelopment Agency on November 20, 2024, through Resolution No. 023-2024.

ANALYSIS

NORTH BEACH CRA ANALYSIS

North Beach CRA Revenues

Revenues for the North Beach Community Redevelopment Area are mainly comprised of City and County Tax Increment funds.

North Beach CRA Expenditures

Expenditures for the North Beach Community Redevelopment Area include project-related expenditures that are allocated for community policing initiatives, enhanced levels of Code Compliance staffing and services, and additional cleanliness and beautification.

Also included are expenditures for a Commercial Façade Improvement Program to improve area aesthetics and promote business attraction and retention, a Residential Property Improvement Program to promote the maintenance of naturally occurring affordable housing stock and resiliency, Arts and Culture related tourism and branding, and small business development.

Other expenditures include administrative expenditures, County and City administrative fees, a set-aside for workforce and affordable housing, and a set-aside for future projects.

NORTH BEACH CRA OPERATING BUDGET AMENDMENT

Pursuant to the Interlocal Agreement dated October 4, 2021, between the City of Miami Beach, Miami-Dade County, and the North Beach Community Redevelopment Agency, the City Commission must approve any amendment to the annual budget.

At the April 23, 2025 City Commission meeting, the Mayor and City Commission adopted Resolution No. 2025-33641, approving the recommendation of the North Beach CRA Advisory Committee to allocate funding in an amount not to exceed $1.5 million for the design, development, and construction of the Biscayne Beach Elementary Schoolyard Project, which is within the boundaries of the North Beach Community Redevelopment Area. The funding for this project was also approved by the Chairperson and Board of Directors of the North Beach Community Redevelopment Agency on April 23, 2025, through Resolution No. 028-2025.

As a result, this proposed budget amendment is to realign $1.5 million of existing funding that is currently appropriated in the FY 2025 North Beach Community Redevelopment Area operating budget for future projects to the Biscayne Beach Elementary Schoolyard Project in the FY 2025 North Beach Community Redevelopment Area capital budget. Additional details regarding this project are included in the companion FY 2025 North Beach Community Redevelopment Area capital budget amendment agenda items.

FISCAL IMPACT STATEMENT

See detailed information above.

Does this Ordinance require a Business Impact Estimate? (FOR ORDINANCES ONLY)

If applicable, the Business Impact Estimate (BIE) was published on: See BIE at: https://www.miamibeachfl.gov/city-hall/city-clerk/meeting-notices/

FINANCIAL INFORMATION

See detailed information above.

CONCLUSION

The Administration recommends that the Mayor and City Commission adopt the Second Amendment to the North Beach Community Redevelopment Area operating budget for FY 2025 as described herein and further detailed in the attached Exhibit “A.”

EC/JDG/TOS/RA

Applicable Area

North Beach

Was this Agenda Item initially requested by a lobbyist which, as defined in Code Sec. 2-481, includes a principal engaged in lobbying? No

If so, specify the name of lobbyist(s) and principal(s):

Department

Management and Budget

Sponsor(s)

Co-sponsor(s)

Condensed Title

10:05 a.m. PH, Joint, Adopt 2nd Amendment to NBCRA Operating Budget for FY 2025. OMB