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HomeMy WebLinkAboutOMNI-CRA-R-00-0036n RESOLUTION NO. OMNI/CRA R-00-36 A RESOLUTION AUTHORIZING THE COMMUNITY REDEVELOPMENT AGENCY (THE "CRA") TO ENTER INTO A FUNDING AGREEMENT WITH THE CITY OF MIAMI (THE "CITY") TO FUND VARIOUS PROJECTS WITHIN THE REDEVELOPMENT AREA, WHICH FUNDING AGREEMENT IS TO BE EXECUTED BY THE DIRECTOR OF OPERATIONS, ADMINISTRATION AND DEVELOPMENT (THE "DIRECTOR"). WHEREAS, the City of Miami approved and adopted the Omni Area Redevelopment Plan pursuant to Resolution Nos. 86-868 and 86-607 (the "Redevelopment Plan"); and WHEREAS, the CRA is responsible for carrying out community redevelopment activities and projects in the Omni Redevelopment Area (the "Redevelopment Area") established pursuant to the Redevelopment Plan; and WHEREAS, the CRA desires to enter into a funding agreement with the City to fund various projects within the Redevelopment Area. 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 enter into a funding agreement with the City to fund various projects within the Redevelopment Area, which funding agreement is to be executed by the Director. Al -% ""TRA Section 3. This resolution shall be effective upon its adoption. PASSED AND ADOPTED on this 26th day of June, 2000. APPROVED AS TO FORM AND CORRECTNESS: AXXA�t� Holland & Knight LLP CRA Legal Counsel MIA1 #946264 v2 mmmmm• Arthur E. Teele, Jr., Chairm 36 2 CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM TO: Chairman Teele and DATE: June 16, 2000 Honorable Members of the CRA Board FROM: Robert L. Tyler 0 Cr Dir. Of Op., Admin. & Dev. SUBJECT: Funding Agreement REFERENCES: Resolution 00-427 FILE: ENCLOSURES: Resolution and the Agreement RECOMMENDATION It is respectfully requested that the Board adopt the attached resolution authorizing the CRA to enter into a funding agreement with the City of Miami regarding funding for various projects within the Redevelopment Area in accordance with the approved CRA budget. BACKGROUND On May 11,2000, the City Commission through resolution 00-427 approved a total of $5 million in CDBG funds to be allocated to the CRA. A funding agreement is required for the CRA to receive the funds. Funding Source: Not Applicable Account Number: Not Applicable SEOMCRA �0 i