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RESOLUTION NO. SEOPW/CRA R-00-34
A RESOLUTION AUTHORIZING THE COMMUNITY
REDEVELOPMENT AGENCY ("CRA") TO DIRECT THE
CITY OF MIAMI ("CITY'), ACTING IN THE CAPACITY
AS A FIDUCIARY TO THE CRA, I) TO DEPOSIT ALL
FUNDS ALLOCATED OR DUE TO THE ACCOUNTS OF
THE CRA AND II) NOT TO MAKE WITHDRAWALS
FROM ANY ACCOUNT OF THE CRA WITHOUT THE
PRIOR WRITTEN AUTHORIZATION OF THE CRA.
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 community
redevelopment activities and projects in the Southeast Overtown/Park West
Redevelopment Area (the "Redevelopment Area") established pursuant to the
Redevelopment Plan; and
WHEREAS, the CRA desires to direct the City, acting in the capacity
as fiduciary to the CRA, i) to deposit all funds allocated or due to the accounts
of the CRA and ii) not to make withdrawals from any account of the CRA
without the prior written authorization 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 the City, acting in
the capacity as a fiduciary to the CRA, i) to deposit all funds allocated or due
to the accounts of the CRA and ii) not to make withdrawals from any account
of the CRA without the prior written authorization of the CRA.
Section 3. The resolution shall be effective upon its adoption.
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PASSED AND ADOPTED on this 22nd day of May, 2000.
APPROVED AS TO FORM
AND CORRECTNESS:
Holland & Knight LLP
CRA Legal Counsel
MIA1 #928197 v5
"Arthur E. Teele, Jr., Chairman
101LOPW/cRA► F 34
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CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM __1_7
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TO: Arthur E. Teele, Jr. DATE: May 17,2000 FILE:
Chairman, CRA
SUBJECT: Resolution regarding procedure
for the Fiduciary to the CRA
FROM: Robert Tyler e6+' REFERENCES: CRA Board Agenda, May 22, 2000
Director of Op., Admin., and Dev.
ENCLOSURES:
RECOMMENDATION
It is respectfully recommended that the CRA Board of Directors adopt the attached Resolution
authorizing the Community Redevelopment Agency to direct the City of Miami, acting in the
capacity as a fiduciary to the CRA, to (1) deposit all funds allocated or due to the accounts of
the CRA and (2) not to make withdrawals from any account of the CRA without the prior written
authorization of the CRA.
BACKGROUND
In the past there have been instances where various funds due to the CRA have not been
deposited into CRA accounts, and further instances where various payments have been
deducted from CRA accounts without the approval of the CRA. The recommendation is in
line with generally accepted accounting procedures and safeguards both the City of Miami and
the CRA.
Cc:: Honorable Mayor Joe Carollo
Honorable Vice -Chairman Gort
Members of the CRA Board
Special Counsel, William Bloom
City Attorney, Alex Vlarello
City Clerk, Walter Foeman
City Manager, Carlos Gimenez
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