OPA-LOCKA CRA AMENDED FY 2023-24

Board of County Commissioners · 2026-07-21 · resolution

Miami-Dade County Board of County Commissioners is considering approving amended Fiscal Year 2023-2024 and Fiscal Year 2024-2025 budgets for the Opa-Locka Community Redevelopment Agency and the Opa-Locka Community Redevelopment Area. The total amended budget for FY 2023-24 is $7,013,081.00, and for FY 2024-25 is $7,392,025.00. The budgets include allocations for administrative expenditures, operating expenditures (such as commercial grants, professional services, and micro business grants), and capital projects (including infrastructure grants, development assistance, housing initiatives, and building purchases). The funding source is tax increment financing (TIF). The Intergovernmental and Economic Impact Committee forwarded the item to the Board with a favorable recommendation. The agency and its counsel have determined all expenditures are allowable under the redevelopment plan and relevant statutes. The redevelopment area is scheduled to sunset in 2033.