HomeMy WebLinkAboutSEOPW-CRA-R-98-0027i
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Agenda Item No. 1.C.
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RESOLUTION NO. CS - 2
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
COMMUNITY REDEVELOPMENT AGENCY APPROVING
AND AUTHORIZING KPMG PEAT MARWICK TO PREPARE
A STUDY OF TRENDS, PRACTICES AND OTHER FACTORS
AFFECTING THE TAX BASE OF THE COMMUNITY
REDEVELOPMENT AGENCY; AUTHORIZING THE
EXECUTIVE DIRECTOR TO DETERMINE THE SCOPE OF
SERVICES TO BE PERFORMED RELATIVE TO THE STUDY
AND TO NEGOTIATE A FEE ARRANGEMENT WITHIN
THIRTY DAYS FOR SUCH STUDY FOR APPROVAL BY THE
BOARD OF DIRECTORS; PROVIDING AN EFFECTIVE
DATE; AND FOR SUCH OTHER PURPOSES.
WHEREAS, the Southeast Overtown/Park West Redevelopment Area has yielded a
negative tax increment for the past several years; and
WHEREAS, the Community Redevelopment Agency (the "CRA") is responsible for
community redevelopment activities in the Southeast Overtown/Park West Redevelopment Area
and the Omni Redevelopment Area (the "Redevelopment Areas"); and
WHEREAS, the CRA depends upon the tax increments generated within the
Redevelopment Areas for resources to fund other redevelopment activities and projects in the
Redevelopment Areas.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
COMMUNITY REDEVELOPMENT AGENCY:
SECTION l: The Board of Directors hereby approves and authorizes the firm
KPMG Peat Marwick to perform and complete a study of the trends, practices and other factors
affecting the tax base of the Redevelopment Areas and to provide a written report with respect
to such study and presentation to the Board of Directors in January, 1999.
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SECTION 2: The Executive Director of the CRA is hereby authorized and to
identify and determine with KPMG Peat Marwick the scope of services for the above study.
SECTION 3: The Executive Director is further authorized and directed to
negotiate a fee arrangement for the study which shall be presented within thirty (30) days to the
Board of Directors for approval prior to the commencement of any work authorized by this
Resolution.
SECTION 4: This Resolution shall become effective immediately upon its
adoption.
PASSED AND ADOPTED ON THIS 16 th DAY OF November
1998.
Walter J.
APPROVED AS TO FORM AND LEGAL
SUFFICIENCY:
Holland & Knight LLP
Counsel to the CRA
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Arthur E. Teele, Jr. , Chairman
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