BH.15 - Approve Little Haiti Trust Budget
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A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE LITTLE HAITI REVITALIZATION TRUST (“TRUST”), ATTACHED AND INCORPORATED AS EXHIBIT “A,” IN THE TOTAL AMOUNT OF SIX MILLION, TWO HUNDRED THOUSAND, EIGHT HUNDRED EIGHTY-THREE AND 00/100 DOLLARS ($6,200,883.00) AND THE TRUST'S ANNUAL MASTER PLAN, ATTACHED AND INCORPORATED AS EXHIBIT “B,” FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2026, AND ENDING SEPTEMBER 30, 2027; AND PROVIDING FOR AN EFFECTIVE DATE.
September 10, 2026
Sponsors
District Five Christine King
Commissioner
Department: Little Haiti Revitalization Trust
Category: Other
WHEREAS, the City of Miami (“City”) created and established the Little Haiti Revitalization Trust (“Trust”) pursuant to Ordinance No. 13834, adopted April 25, 2019; and
WHEREAS, the Trust is responsible for the oversight and facilitation of the City’s revitalization and redevelopment activities in the Little Haiti area (“Area”); promoting economic development, business, and commerce in the Area; developing and executing a plan to create jobs, attract industry and facilitate the production of goods and services in the Area for residents and non-residents; and facilitating the development of affordable housing, engaging in homebuyer assistance programs, and marketing the Area to encourage former residents and others to locate to the Area; and
WHEREAS, Section 12.5-49 of the Code of the City of Miami, Florida, as amended, provides that the Trust shall submit an annual budget (“Budget”) and an annual master plan (“Plan”) to the City Commission for approval; and
WHEREAS, at its August 25, 2026, meeting, the Trust adopted Resolution No. 2026-008 approving and adopting the Trust’s General Operating Budget in the amount of Six Million, Two Hundred Thousand, Eight Hundred Eighty-Three and 00/100 Dollars ($6,200,883.00) for the fiscal year commencing October 1, 2026, and ending September 30, 2027, attached and incorporated as Exhibit “A” (“FY26-27 Budget”), and the Trust’s annual master plan, attached and incorporated as Exhibit “B” (“Master Plan”), subject to City Commission approval; and
WHEREAS, the City Commission desires to approve and adopt the Trust’s FY26-27 Budget and Master Plan;
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 FY25-26 Budget for the Fiscal Year commencing October 1, 2026, and ending September 30, 2027, attached and incorporated as Exhibit “A,” and the Master Plan, attached and incorporated as Exhibit “B,” are approved and adopted.
Section 3.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 Little Haiti area (“Area”); promoting economic development, business, and commerce in the Area; developing and executing a plan to create jobs, attract industry and facilitate the production of goods and services in the Area for residents and non-residents; and facilitating the development of affordable housing, engaging in homebuyer assistance programs, and marketing the Area to encourage former residents and others to locate to the Area; and
WHEREAS, Section 12.5-49 of the Code of the City of Miami, Florida, as amended, provides that the Trust shall submit an annual budget (“Budget”) and an annual master plan (“Plan”) to the City Commission for approval; and
WHEREAS, at its August 25, 2026, meeting, the Trust adopted Resolution No. 2026-008 approving and adopting the Trust’s General Operating Budget in the amount of Six Million, Two Hundred Thousand, Eight Hundred Eighty-Three and 00/100 Dollars ($6,200,883.00) for the fiscal year commencing October 1, 2026, and ending September 30, 2027, attached and incorporated as Exhibit “A” (“FY26-27 Budget”), and the Trust’s annual master plan, attached and incorporated as Exhibit “B” (“Master Plan”), subject to City Commission approval; and
WHEREAS, the City Commission desires to approve and adopt the Trust’s FY26-27 Budget and Master Plan;
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 FY25-26 Budget for the Fiscal Year commencing October 1, 2026, and ending September 30, 2027, attached and incorporated as Exhibit “A,” and the Master Plan, attached and incorporated as Exhibit “B,” are approved and adopted.
Section 3.This Resolution shall be effective immediately upon its adoption and signature of the Mayor.
Fiscal Impact
N/A