SR.2 - Establish Allapattah Redevelopment Trust Fund

AN ORDINANCE OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), PURSUANT TO SECTIONS 163.353, 163.362, 163.410, AND 163.387, FLORIDA STATUTES, AMENDING CHAPTER 18/ARTICLE VII OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED (“CITY CODE”), TITLED “FINANCE/REDEVELOPMENT TRUST FUND”; MORE PARTICULARLY BY ADDING SECTIONS 18-265 THROUGH 18-270 OF THE CITY CODE TO ESTABLISH THE ALLAPATTAH COMMUNITY REDEVELOPMENT TRUST FUND (“FUND”) FOR THE ALLAPATTAH REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY (“ALLAPATTAH CRA”); PROVIDING FOR THE ANNUAL FUNDING OF SAID TRUST FUND BY EACH TAXING AUTHORITY THAT LEVIES AD VALOREM TAXES ON TAXABLE REAL PROPERTY WITHIN THAT CERTAIN GEOGRAPHIC AREA OF THE CITY KNOWN AS ALLAPATTAH, GENERALLY BOUNDED ON THE NORTH BY STATE ROAD 112/AIRPORT EXPRESSWAY, ON THE EAST BY INTERSTATE-95 AND NORTHWEST 7TH AVENUE, ON THE SOUTH BY THE MIAMI RIVER, AND ON THE WEST BY NORTHWEST 19TH AVENUE, AS MORE PARTICULARLY DESCRIBED IN EXHIBIT “A,” ATTACHED AND INCORPORATED (...