The Administration recommends that the Chairperson and Board of Directors of the North Beach Community Redevelopment Agency adopt the attached Resolution which establishes the final budget for the North Beach Community Redevelopment Area (North Beach CRA) for Fiscal Year 2023.

On July 17, 2019, the Miami Beach City Commission adopted Resolution No. 2019-30892, accepting a preliminary report concerning a finding of necessity for the redevelopment of a certain area of North Beach, and requesting that Miami-Dade County delegate redevelopment powers to the City of Miami Beach. On July 8, 2020, the Miami-Dade County Board of County Commissioners (“BCC”) approved Resolution No. R-619-20, delegating authority to the City to create the North Beach Community Redevelopment Agency (North Beach CRA), including direction to draft the North Beach CRA Redevelopment Plan and negotiate an Interlocal Agreement among the City, North Beach CRA, and Miami-Dade County to govern the redevelopment process. 

Pursuant to the county’s delegation of authority, the City undertook a significant public engagement effort to prepare the Redevelopment Plan. Simultaneous with the City’s preparation of the Redevelopment Plan, to delineate their respective areas of responsibility with respect to the redevelopment of the Redevelopment Area, the City, North Beach CRA and Miami-Dade County administration negotiated an interlocal cooperation agreement (the “Interlocal Agreement”).

On February 10, 2021, by adopting Resolution No. 2021-31596, the Mayor and City Commission officially created the North Beach CRA pursuant to section 163.357, Florida Statutes and declared the Mayor and City Commission to be the governing body of the North Beach CRA.

On May 12, 2021, pursuant to Resolution No. 003-2021, the North Beach CRA Board adopted the North Beach Community Redevelopment Plan (the “Plan”) and transmitted the Plan to the City Commission for approval, with such approval granted by the Mayor and City Commission via Resolution No. 2021-31709, including authorization to transmit the Redevelopment Plan to Miami-Dade County. On July 20, 2021, pursuant to Resolution No. 696-21, the BCC approved the Plan and also approved Ordinance No. 21-70, establishing the North Beach CRA Trust Fund for purposes of allocating tax increment revenue for redevelopment purposes.

North Beach CRA Revenues

The base year for the North Beach CRA is 2021. Based on the 2022 Certification of Taxable Value provided by the Miami-Dade County Property Appraiser’s Office, on July 1, 2022, property values in the North Beach CRA increased by approximately 11.6%, or $165.3 million, compared to the 2021 Certification of Taxable Value of $1.42 billion (base year). For Fiscal Year (FY) 2023, the City portion of the tax increment totals approximately $577,000, and the County portion of the tax increment totals approximately $458,000, with a combined tax increment revenue total of $1,035,000.

North Beach CRA Expenditures

 The Administration of the North Beach CRA has identified initiatives and programs proposed to be initiated in FY 2023 and supported by the Ad Hoc North Beach CRA Advisory Committee, created by the City Commission pursuant to Resolution No. 2021-31560 and amended by Resolution No. 2021-31594.

Project-related expenditures for FY 2023 account for approximately $204,000, including $188,000 allocated for community policing and code compliance services and initiatives throughout the Redevelopment Area to provide enhanced levels of staffing and services, and $16,000 to promote additional cleanliness.

Administrative expenditures include $9,000, providing for, among other expenditures, a satellite office within the Redevelopment Area, of which lease and maintenance costs are shared with the Miami Beach Building Department on a prorated basis.

The budget also includes $110,000 for a Commercial Façade Improvement Program in the Normandy Fountain/Rue Vendome Plaza area to embrace French architecture and improve business attraction and retention; $100,000 for a Residential Property Improvement Program to promote the maintenance of naturally occurring affordable housing stock and promote resiliency; $52,000 for Arts & Culture related tourism; and $49,000 for small business development.

Other expenditures include $7,000 for the County’s administration fee, as stipulated by the Interlocal Agreement, which is equivalent to 1.5% of the County’s FY 2023 tax increment payment; $9,000 for a contribution to the City, which is equivalent to 1.5% of the City’s respective FY 2023 tax increment payment; a $104,000 set-aside for workforce and affordable housing based on 10% of the FY 2023 combined tax increment revenue; and a $391,000 set-aside for future projects.

The proposed final FY 2023 operating budget for the North Beach Community Redevelopment Area, is outlined below and further detailed in the attached Exhibit “A.”

The FY 2023 North Beach CRA budget is $1.035 million. To promote economic investment, growth and revitalization within the North Beach Community Redevelopment Area, it is recommended that the North Beach CRA Board adopt the attached Resolution, which establishes the final budget for the North Beach CRA for FY 2023.