HomeMy WebLinkAboutOMNI-CRA-R-03-0039• ITEM 5
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05/08/03
RESOLUTION NO. OMNI/CRA R-0 3
A RESOLUTION, WITH ATTACHMENT(S), OF
THE BOARD OF DIRECTORS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY
REDEVELOPMENT AGENCY AMENDING THE
OPERATING AND TIF BUDGETS FOR THE
FISCAL YEAR ENDING SEPTEMBER 30, 2003
AS ADOPTED BY RESOLUTION NO. OMNI/CRA
R-02-72 ON SEPTEMBER 12, 2002.
WHEREAS, the Omni Redevelopment District Community
Redevelopment Agency (the "CRA") is responsible for
carrying out community redevelopment activities within the
Omni Redevelopment Area; and
WHEREAS, by resolution OMNI/CRA R-02-72, passed on
September 12, 2002, the Board of Directors adopted the
CRA's proposed operating and TIF budgets for the fiscal
year ending September 30, 2003; and
WHEREAS, to fully carry out fiscal year 2003 .
redevelopment activities the Board of Directors finds it
appropriate to revise the proposed operating and TIF
budget;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
DIRECTORS OF THE OMNI REDEVELOPMENT DISTRICT COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA:
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Section 1. The recitals and findings contained in
the Preamble to this Resolution are adopted by reference
and incorporated herein as if fully set forth in this
Section. -
Section 2. Resolution No. OMNI/CRA R-02-72,
adopted September 12, 2002,. the Proposed Operating and TIF
Budgets for SEOPW/CRA Fiscal Year Ending September 30,
2003, is amended as described in Exhibit A attached hereto.
Section 3. The CRA's Executive Director is
authorized to transmit the amended budget to the City of
• Miami and Miami -Dade County.
Section 4. This Resolution shall become effective
immediately upon its adoption.
PASSED AND ADOPTED this day of 2003.
..�®s
ARTHUR E. TEELE, JR., CHAIRMAN
ATTEST:
a
PRI CILLA A. THOMPSON
CLERK OF THE BOARD
OWU/CRA
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APPROVED AS TO -CORM AND CORRECTNESS:
FKR:SG
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O VILAFELLO
COUNSEL
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FINANCE AND ADMINISTRATION ITEMS
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oWu/CgA
03- 39
0 CITY OF MIAMI, FLORIDA 0
INTER -OFFICE MEMORANDUM
ITEM 5
Honorable Arthur E. Teeie, Jr., Chairman
•TO: & Members of the CRA Board
FROM: Frank K. Rollason
Executive Director
Community Redevelopment Agency
RECOMMENDATION:
DATE: MAY ` 9 2003 FILE:
SUBJECT. Amending FY '03 Budget for the
Omni CRA
REFERENCES: 5/19/03 CRA Board Meeting
ENCLOSURES:
It is respectfully recommended that the Board of Directors for the Omni Community
Redevelopment Agency approve the attached Resolution authorizing the specified budget
amendments to the FY '03 approved budget.
JUSTIFICATION:
It is necessary to authorize the recommended appropriation amendments to the FY '03
Omni CRA approved budget to enable approved and anticipated expenditures to take
place.
0 FKR/sg
FUNDING SOURCE: AS SPECIFIED IN ATTACHED RESOLUTION
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EXHIBIT A
ACCOUNT CODE: 686001 OMNI TIF
Transfer from Account Code No. 686001.590320.6.996 — entitled "Budget Reserve,"
the total available amount of $449,895.00* to:
Account Code`No.
Aniount
686001.590320.6.270 — entitled "Professional Services — Other"
$449,895.00
Total: $449,895.00
*NOTE: The total amount currently shown in the reserve is actually $929,819.00, but
$479.924.00 of that amount is already designated to the General Operating Account since
the beginning of the fiscal year, but has yet to be loaded by the City of Miami Budget
Department. Therefore, the real available balance is $449,895.00.
OMlNU/CRAA
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