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HomeMy WebLinkAboutSEOPW-CRA-R-99-0014M 2n RESOLUTION NO. SEOPW/CRA R-99-14 A RESOLUTION AUTHORIZING THE COMMUNITY REDEVELOPMENT AGENCY (THE "CRA") TO INSTRUCT ITS FIDUCIARIES TO ESTABLISH A COMMUNITY REDEVELOPMENT OPERATING ACCOUNT IN THE SEOPW TRUST FUND FOR PURPOSE OF ACCOUNTING FOR OPERATIONAL AND CAPITAL EXPENDITURES OF THE CRA AND FOR THE ESTABLISHMENT BY THE CRA'S FIDUCIARIES OF AN IMPREST ACCOUNT FOR THE PURPOSES OF ISSUING PAYROLL CHECKS. WHEREAS, the City of Miami approved and adopted the Southeast Overtown/Park West Community Redevelopment Plan, pursuant to Resolution Nos. 82-755 and 85-1247, (the "Redevelopment Plan"); and WHEREAS, the CRA is responsible for carrying out the community redevelopment activities and projects in the Southeast Overtown/Park West Redevelopment Area (the "Redevelopment Area") established pursuant to the Redevelopment Plan; and WHEREAS, in order for the CRA to implement the Redevelopment Plan the CRA must maintain accurate books and records and the establishment of the Community Redevelopment operating account in the SEOPW Trust Fund for the purpose of accounting for operational and capital expenditures of the CRA and the establishment of an imprest account for the purpose of issuing payroll checks will enhance the operation of the CRA. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are incorporated herein as if fully set forth in this Section. Section 2. The CRA is hereby authorized to direct its fiduciaries to establish a Community Redevelopment operating account in the SEOPW Trust Fund for the purpose of accounting for operational and capital expenditures of the CRA and to authorize the CRA's fiduciaries to establish an imprest account for the purpose of issuing payroll checks for employees of the CRA. Section 3. This resolution shall be effective upon its adoption. PASSED AND ADOPTED on this 16th day of August, 1999. APPROVED AS TO FORM AND CORRECTNESS: Holland & Knight LLP CRA Legal Counsel MIA1 #859216 v3 Arthur E. Teele, Jr., 2 SE0IF l _