Approve 1.24M amended budget for Liberty City revitalization trust

AGENDA ITEM SUMMARY FORM File ID: #17505 Date: 04/14/2025 Requesting Department: Liberty City Community Revitalization Trust Commission Meeting Date: 06/17/2025 Sponsored By: District Impacted: District 5 Type: Resolution Subject: Approve and Adopt - FY' 2025 Amended Budget - Liberty City Trust Purpose of Item: To approve and adopt the amended annual budget of the Liberty City Trust for FY25. Background of Item: The Liberty City Trust received unanticipated revenues from the Mayor’s share of the Miami For Everyone Program and from District 5 share of the Anti-Poverty Initiative to fund the Trust’s summer youth employment program for 2025. Budget Impact Analysis Item is Related to Revenue Item has NOT an Expenditure Item is NOT funded by Bonds Total Fiscal Impact: N/A Reviewed By Liberty City Community Revitalization Trust Elaine Black Department Head Review Completed 05/08/2025 12:34 PM Office of Management and Budget Jacques Joseph Budget Analyst Review Completed 05/08/2025 1:12 PM Office of Management and Budget Marie Gouin Budget Review Completed 05/08/2025 5:14 PM City Manager’s Office Larry M. Spring Assistance City Manager Review Completed 05/09/2025 11:35 AM City Manager’s Office Natasha Colebrook-Williams Deputy City Manager Review Completed 05/09/2025 11:54 AM City Manager’s Office Arthur Noriega V City Manager Review Completed 05/10/2025 3:53 PM Legislative Division Valentin J Alvarez Legislative Division Review Completed 05/12/2025 9:47 AM Office of the City Attorney Xavier Alban ACA Review Completed 05/13/2025 12:58 PM Office of the City Attorney George K. Wysong III Approved Form and Correctness Completed 05/13/2025 1:54 PM City Commission Todd B. Hannon Meeting Completed 05/22/2025 9:00 AM City Commission Nicole Ewan Meeting Completed 06/12/2025 9:00 AM City Commission Todd B. Hannon Meeting Pending 06/17/2025 9:00 AM City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com City of Miami Legislation Resolution File Number: 17505 Final Action Date: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING AND ADOPTING THE AMENDED BUDGET OF THE LIBERTY CITY COMMUNITY REVITALIZATION TRUST, ATTACHED AND INCORPORATED AS EXHIBIT “D,” IN THE AMOUNT OF ONE MILLION, TWO HUNDRED FORTY-THREE THOUSAND, EIGHT HUNDRED EIGHTY-TWO AND 00/100 DOLLARS ($1,243,882.00) FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2024, AND ENDING SEPTEMBER 30, 2025. WHEREAS, the City of Miami ("City") created and established the Liberty City Community Revitalization Trust ("Trust") pursuant to Ordinance No. 12859, adopted October 12, 2006; and WHEREAS, the Trust is responsible for the oversight and facilitation of the City's revitalization and redevelopment activities in the Liberty City area; and WHEREAS,

NOW, THEREFORE,

BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section. Section 2. The Trust's Fiscal Year 2024-2025 Amended Budget, in the amount of One Million, Two Hundred Forty-Three Thousand, Eight Hundred Eighty-Two and 00/100 Dollars ($1,243,882.00) attached and incorporated as Exhibit “D,” for the Fiscal Year commencing October 1, 2024, and ending September 30, 2025, is approved and adopted. Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.1 APPROVED AS TO FORM AND CORRECTNESS: 1 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission.