Intergovernmental and Economic Impact Committee: June 2026
Miami-Dade County
SEOPW CRA FY 2025-26 BUDGET
Miami-Dade County Board of County Commissioners is considering the Fiscal Year 2025-2026 budget for the Southeast Overtown Park West Community Redevelopment Agency (CRA) and the Southeast Overtown/Park West Community Redevelopment Area. The total budget amount is $280,997,692.00. The budget includes various revenue sources such as Tax Increment Financing (TIF) from the County ($22,188,418) and City ($34,618,589), bond proceeds ($173,265,830), a contribution from the Children's Trust Fund ($2,252,986), carryover funds ($44,644,511), and non-TIF revenue ($4,027,358). Operating expenses are budgeted at $95,769,235, which includes $65,349,255 for Grants and Aid, $14,207,725 for debt service, $2,500,000 for land/infrastructure purchase, and $5,704,354 for professional and contractual services. Reserves total $178,318,716, including $155,737,781 for capital projects funded by bonds and $14,053,577 for affordable housing development. The Intergovernmental and Economic Impact Committee forwarded the item to the Board of County Commissioners (BCC) with a favorable recommendation on June 10, 2026. The BCC is scheduled to consider the budget on July 21, 2026. The CRA and redevelopment area are located within County Commission Districts 3 and 5. The CRA's life is extended through March 31, 2042.
- Board:
- Intergovernmental and Economic Impact Committee
- Date:
- 2026-06-10
- Type:
- Resolution
- Decision:
- Pending BCC Assignment
- Applicant:
- Southeast Overtown Park West Community Redevelopment Agency
SEOPW CRA FY 2025-26 BUDGET
This legislative matter concerns the approval of the Fiscal Year 2025-2026 budget for the Southeast Overtown Park West Community Redevelopment Agency and the Southeast Overtown/Park West Community Redevelopment Area. The total budget is $280,997,692.00. The budget includes various revenue sources such as Tax Increment Financing (TIF) from Miami-Dade County and the City of Miami, bond proceeds, a contribution from the Children's Trust Fund, and carryover funds. Operating expenses include grants and aid, interfund transfers, debt service payments, land/infrastructure purchases, professional and contractual services, and construction-in-progress. Reserves are allocated for capital projects, affordable housing, non-TIF funded projects, maintenance of Agency-owned properties, and policing initiatives. The Intergovernmental and Economic Impact Committee forwarded this item to the Board of County Commissioners (BCC) with a favorable recommendation. The BCC is the governing body responsible for approving the annual budgets of community redevelopment agencies. The redevelopment area is located within County Commission Districts 3 and 5. The Agency's administrative expenditures are within the allowed cap. The document states that the Agency's projects are budgeted on a cash basis and are not started until all project funding is in place. No specific contractors are mentioned as this item is a budget approval.
- Board:
- Intergovernmental and Economic Impact Committee
- Date:
- 2026-06-10
- Type:
- Resolution
- Decision:
- Forwarded to BCC with a favorable recommendation
- Applicant:
- Southeast Overtown Park West Community Redevelopment Agency
SEOPW CRA FY 2025-26 BUDGET
This legislative matter concerns the approval of the Fiscal Year 2025-2026 budget for the Southeast Overtown Park West Community Redevelopment Agency and Area. The total budget is $280,997,692.00. The budget includes various revenue sources such as Tax Increment Financing (TIF) from Miami-Dade County and the City of Miami, bond proceeds, carryover funds, and a contribution from the Children's Trust Fund. Operating expenses include grants and aid, interfund transfers, debt service payments, land/infrastructure purchases, professional/contractual services, and construction-in-progress. Significant reserves are allocated for capital projects, affordable housing, non-TIF funded projects, maintenance of Agency-owned properties, and policing initiatives. The Intergovernmental and Economic Impact Committee forwarded this item to the Board of County Commissioners with a favorable recommendation. The document does not state any public comment or stakeholder sentiment.
- Board:
- Intergovernmental and Economic Impact Committee
- Date:
- 2026-06-10
- Type:
- Resolution
- Decision:
- Forwarded to BCC with a favorable recommendation
- Applicant:
- Southeast Overtown Park West Community Redevelopment Agency
SEOPW CRA FY 2025-26 BUDGET
Miami-Dade County Board of County Commissioners is considering the Fiscal Year 2025-2026 budget for the Southeast Overtown Park West Community Redevelopment Agency (CRA) and the Southeast Overtown/Park West Community Redevelopment Area. The total budget amount is $280,997,692.00. The budget includes various revenue sources such as Tax Increment Financing (TIF) from the County and City, bond proceeds, a contribution from the Children's Trust Fund, carryover funds, and non-TIF revenue. Expenditures are allocated to administrative costs, operating expenses (including grants, debt service, land/infrastructure purchase, professional services, and construction-in-progress), and reserves for capital projects, affordable housing, non-TIF funded projects, property maintenance, and policing initiatives. The Intergovernmental and Economic Impact Committee forwarded the item to the Board of County Commissioners with a favorable recommendation. The CRA and redevelopment area are scheduled to sunset on March 31, 2042. No specific contractors are mentioned as this item approves the overall agency budget.
- Board:
- Intergovernmental and Economic Impact Committee
- Date:
- 2026-06-10
- Type:
- Resolution
- Decision:
- Pending BCC Assignment (Forwarded to BCC with a favorable recommendation by Intergovernmental and Economic Impact Committee)
- Applicant:
- Southeast Overtown Park West Community Redevelopment Agency
SEOPW CRA FY 2025-26 BUDGET
Miami-Dade Board of County Commissioners is considering the Fiscal Year 2025-2026 budget for the Southeast Overtown Park West Community Redevelopment Agency (CRA) and the Southeast Overtown/Park West Community Redevelopment Area. The total budget amount is $280,997,692.00. The budget includes various revenue sources such as Tax Increment Financing (TIF) from the County and City, bond proceeds, a contribution from the Children's Trust Fund, and carryover funds. Expenditures are allocated to administrative costs, operating expenses (including grants, debt service, land/infrastructure purchase, professional services, and construction-in-progress), and reserves for capital projects, affordable housing, non-TIF projects, property maintenance, and policing initiatives. The Intergovernmental and Economic Impact Committee forwarded the item to the Board of County Commissioners with a favorable recommendation. The CRA and redevelopment area are located within County Commission Districts 3 and 5. The CRA's life is extended through March 31, 2042.
- Board:
- Intergovernmental and Economic Impact Committee
- Date:
- 2026-06-10
- Type:
- Resolution
- Decision:
- Pending BCC Assignment
- Applicant:
- Southeast Overtown Park West Community Redevelopment Agency
SEOPW CRA FY 2025-26 BUDGET
Miami-Dade Board of County Commissioners is considering the Fiscal Year 2025-2026 budget for the Southeast Overtown Park West Community Redevelopment Agency (CRA) and the Southeast Overtown/Park West Community Redevelopment Area. The total budget is $280,997,692.00. The budget includes various revenue sources such as Tax Increment Financing (TIF) from the County ($22,188,418) and City ($34,618,589), bond proceeds ($173,265,830), a contribution from the Children's Trust Fund ($2,252,986), carryover funds ($44,644,511), and non-TIF revenue ($4,027,358). Operating expenses total $95,769,235, including $65,349,255 for Grants and Aid, $14,207,725 for debt service, $2,500,000 for land/infrastructure purchase, and $5,704,354 for professional and contractual services. Reserves total $178,318,716, with $155,737,781 earmarked for capital projects funded by Bond Series 2025A. The Intergovernmental and Economic Impact Committee forwarded the item to the Board of County Commissioners (BCC) with a favorable recommendation on June 10, 2026. The BCC is scheduled to consider the budget on July 21, 2026. This item does not involve contracting with a specific entity but approves the CRA's budget.
- Board:
- Intergovernmental and Economic Impact Committee
- Date:
- 2026-06-10
- Type:
- Resolution
- Decision:
- Pending BCC Assignment
- Applicant:
- Southeast Overtown Park West Community Redevelopment Agency
SEOPW CRA FY 2025-26 BUDGET
This legislative item concerns the approval of the Fiscal Year 2025-2026 budget for the Southeast Overtown Park West Community Redevelopment Agency and Area. The total budget is $280,997,692.00. The budget includes various revenue sources such as Tax Increment Financing (TIF) from Miami-Dade County and the City of Miami, bond proceeds, a contribution from the Children's Trust Fund, and carryover funds. Expenditures are categorized into administrative, operating, and reserves for capital projects, affordable housing, non-TIF revenue projects, property maintenance, and policing initiatives. The Intergovernmental and Economic Impact Committee forwarded this item to the Board of County Commissioners (BCC) with a favorable recommendation. The BCC is the governing body responsible for approving the annual budgets of community redevelopment agencies. The redevelopment area is located within County Commission Districts 3 and 5. The Agency's life and the redevelopment area are set to sunset on March 31, 2042. No specific contractors or trades are mentioned as this is a budget approval item.
- Board:
- Intergovernmental and Economic Impact Committee
- Date:
- 2026-06-10
- Type:
- Resolution
- Decision:
- Forwarded to BCC with a favorable recommendation
- Applicant:
- Southeast Overtown Park West Community Redevelopment Agency
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