HomeMy WebLinkAboutOMNI-CRA-R-02-0061ITEM 7C
RESOLUTION NO. OMNI/CRA R- 0 ti 61
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE OMNI COMMUNITY
REDEVELOPMENT AGENCY (CRA) APPROVING AND TRANSMITTING THE
ADJUSTED BUDGET OF THE OMNI COMMUNITY REDEVELOPMENT AGENCY
FOR FISCAL YEAR ENDING 2002 AS DETAILED IN EXHIBIT "A" TO THE CITY
OF MIAMI COMMISSION AND MIAMI-DADE COUNTY.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE OMNI
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 Executive Director is hereby authorized to transmit the
approved Adjusted Budget of the OMNI Community Redevelopment Agency for fiscal year
ending 2002 to the City of Miami Commission and Miami -Dade County.
Section 3. This resolution shall be effective immediately upon its adoption.
PASSED AND ADOPTED this 29`h day of July, 2002.
Priscilla A. Thompson
Clerk of the Board
APPROVED AS TO FORM
AND CORRECTNESS:
Alejandro Vilarello
CRA General Counsel
Arthur E. Teele, Jr., Chairman
®?dam/CRA
02— 61
CRA AGENDA July 29, 2002
ITEM 7C
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
To: Chairman Arthur E. Teele, Jr. and Date: July 19, 2002 File:
Members of the CRA Board
Subject: OMNI/CRA BUDGET FY
2002
From: Annette Lewis References:
Acting Executive Dir for
Enclosures: Resolution
RECOMMENDATION:
It is recommended that the CRA Board of Directors approve the attached resolution and transmit to the
City of Miami Commission and Miami -Dade County the Adjusted Budget for fiscal year ending 2002
for the Omni Community Redevelopment Agency (OMNI/CRA)
BACKGROUND:
TIF
Difference
Adopted 6/6/02
$ 6,377,505
Amended 7/29/01
$ 2,554,045
$ 3,823,460 — Park Impact fees; Safe Neighborhood; FIND and
Homeland Defense Bond proceeds.
As a result of the final completion of the fiscal year 2000-2001 audit the beginning balances were to
not fully determined. KPMG as of July 12, 2002 completed the fieldwork required to issue the audit
report. As a result the final beginning balances having been determined, a reallocation of resources are
in order.
Additionally, the City of Miami's Budget and Finance Department has agreed that the presentation of
the funding for the Margaret Pace Park should be amended. The CRA agrees that as a result of the
appropriations being on the City's books in various CIP and/or Special Revenues Fund, the facilitation
of payment processing would negate the need for the CRA to present as "pass through contributions"
in the budget of the CRA.
Funding Source: NA
Account Number: NA
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CRA AGENDA July 29, 2002