BH.14 - Approve Liberty City Trust Budget
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A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE LIBERTY CITY COMMUNITY REVITALIZATION TRUST, IN THE AMOUNT OF NINE HUNDRED NINETY-ONE THOUSAND, NINE HUNDRED FIFTY-EIGHT AND 00/100 DOLLARS ($991,958.00) FOR THE FISCAL YEAR (“FY”) COMMENCING OCTOBER 1, 2026, AND ENDING SEPTEMBER 30, 2027, ATTACHED AND INCORPORATED IN COMPOSITE EXHIBIT “A,” AND THE FY 2026-2027 MASTERPLAN, ATTACHED AND INCORPORATED IN COMPOSITE EXHIBIT “B.”
September 10, 2026
Sponsors
District Five Christine King
Commissioner
Department: Liberty City Community Revitalization Trust
Category: Other
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, as subsequently amended; and
WHEREAS, the Trust is responsible for the oversight and facilitation of the City’s revitalization and redevelopment activities in the Liberty City area as well as for the District 5 neighborhoods owner-occupied affordable housing improvements grant program for low-income homeowners; and
WHEREAS, Section 12.5-36 of the Code of the City of Miami, Florida, as amended, provides that the Trust shall submit a budget to the City Commission for approval in a form acceptable to the City Manager; and
WHEREAS, the governing body of the Trust reviewed and approved the Trust's budget in the amount of Nine Hundred Ninety-One Thousand,Nine Hundred Fifty-Eight and 00/100 Dollars ($991,958.00) for Fiscal Year 2026-2027 on June 9, 2026, as set forth in its Resolution, attached and incorporated as part of Composite Exhibit "A" ("Fiscal Year 2026-2027 Trust Budget"); and
WHEREAS, the Trust requests the approval of the Fiscal Year 2026-2027 Trust Budget commencing October 1, 2026, and ending September 30, 2027, in the total amount of Nine Hundred Ninety-One Thousand,Nine Hundred Fifty-Eight and 00/100 Dollars ($991,958.00), attached and incorporated as Composite "A", and the Fiscal Year 2026-2027 Masterplan, attached and incorporated as Composite Exhibit "B";
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 incorporated as if fully set forth in this Section.
Section 2. The Fiscal Year 2026-2027 Trust Budget in the amount of Nine Hundred Ninety-One Thousand,Nine Hundred Fifty-Eight and 00/100 Dollars ($991,958.00), attached and incorporated as Composite Exhibit"A," commencing October 1, 2026, and ending September 30, 2027, is approved and adopted.
Section 3. The Fiscal Year 2026-2027 Masterplan, attached and incorporated as Composite Exhibit “B,” is approved and adopted.
Section 4. This Resolution shall be effective immediately upon its adoption and signature of the Mayor.
WHEREAS, the Trust is responsible for the oversight and facilitation of the City’s revitalization and redevelopment activities in the Liberty City area as well as for the District 5 neighborhoods owner-occupied affordable housing improvements grant program for low-income homeowners; and
WHEREAS, Section 12.5-36 of the Code of the City of Miami, Florida, as amended, provides that the Trust shall submit a budget to the City Commission for approval in a form acceptable to the City Manager; and
WHEREAS, the governing body of the Trust reviewed and approved the Trust's budget in the amount of Nine Hundred Ninety-One Thousand,Nine Hundred Fifty-Eight and 00/100 Dollars ($991,958.00) for Fiscal Year 2026-2027 on June 9, 2026, as set forth in its Resolution, attached and incorporated as part of Composite Exhibit "A" ("Fiscal Year 2026-2027 Trust Budget"); and
WHEREAS, the Trust requests the approval of the Fiscal Year 2026-2027 Trust Budget commencing October 1, 2026, and ending September 30, 2027, in the total amount of Nine Hundred Ninety-One Thousand,Nine Hundred Fifty-Eight and 00/100 Dollars ($991,958.00), attached and incorporated as Composite "A", and the Fiscal Year 2026-2027 Masterplan, attached and incorporated as Composite Exhibit "B";
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 incorporated as if fully set forth in this Section.
Section 2. The Fiscal Year 2026-2027 Trust Budget in the amount of Nine Hundred Ninety-One Thousand,Nine Hundred Fifty-Eight and 00/100 Dollars ($991,958.00), attached and incorporated as Composite Exhibit"A," commencing October 1, 2026, and ending September 30, 2027, is approved and adopted.
Section 3. The Fiscal Year 2026-2027 Masterplan, attached and incorporated as Composite Exhibit “B,” is approved and adopted.
Section 4. This Resolution shall be effective immediately upon its adoption and signature of the Mayor.
Fiscal Impact
N/A