OPA-LOCKA CRA AMENDED FY 2023-24

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

Resolution approving the amended FY 2023-24 and FY 2024-25 budgets for the Opa-Locka Community Redevelopment Agency and the Opa-Locka Community Redevelopment Area, totaling $7,013,081.00 and $7,392,025.00 respectively. The area lies within County Commission Districts 1 and 2. The amended FY 2023-24 budget includes $736,756 in County TIF, $1,512,442 in City TIF, $4,713,883 in carryover, and $50,000 in miscellaneous revenue. Operating expenditures include commercial grants ($1,000,000), micro business grants ($250,000), home improvement assistance grants ($150,000), home ownership and rental assistance ($90,000). Capital projects include capital infrastructure grants ($3,336,392), development assistance ($800,000), housing initiatives ($250,000), and Art-in-Public Places ($200,000). The amended FY 2024-25 budget includes $898,252 in County TIF, $1,774,382 in City TIF, $4,569,391 in carryover, and $150,000 in interest earnings. Operating expenditures include commercial grants ($800,000), home improvement assistance ($250,000), micro business grants ($150,000). Capital projects include building purchase ($5,118,326), green projects initiatives ($150,000), Titus Butterfly Park ($60,000), and capital and streetscapes maintenance ($4,000). The Agency and redevelopment area are scheduled to sunset in 2033. The resolution was adopted by the Board of County Commissioners on 7/21/2026. The Intergovernmental and Economic Impact Committee forwarded it with a favorable recommendation on 6/10/2026. The amended FY 2023-24 budget was approved by the Agency through Resolution No. R-24-15 on July 9, 2024. The amended FY 2024-25 budget was approved by the Agency on January 22, 2025, through Resolution No. 25-34. No public comment or stakeholder sentiment is stated in the document.