HomeMy WebLinkAboutSEOPW-CRA-R-03-0050ITEM 6
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05/08/03
RESOLUTION NO. SEOPW/CRA R- 0 3 - 50
A RESOLUTION, WITH ATTACHMENT(S), OF
THE BOARD OF DIRECTORS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY
REDEVELOPMENT AGENCY AMENDING THE
OPERATING AND TIF BUDGETS FOR THE
FISCAL YEAR ENDING SEPTEMBER 30, 2003
AS ADOPTED BY RESOLUTION NO. SEOPW/CRA
R-02-146 ON SEPTEMBER 12, 2002.
WHEREAS, the Southeast Overtown/Park West Community
Redevelopment Agency (the "CRA") is responsible for
carrying out community redevelopment activities within the
• Southeast Overtown/Park West Redevelopment Area; and
WHEREAS, by resolution SEOPW/CRA R-02-146, 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 SOUTHEAST OVERTOWN/PARK WEST 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. SEOPW/CRA R-02-146,
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.
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PASSED AND ADOPTED this i'1 day of Y16k4 2003.
v�
ART UR �ZTEELE, JR., CHAIRMAN
ATTEST:
PRI ILLA A. THOMPSON
CLERK OF THE BOARD
SEOPW/CRP►
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APPROVED ASS FORM AND CORRECTNESS:
GEZAL COUNSEL
SG
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03- 50
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
Honorable Arthur E. Teele, Jr., Chairman
& Members of the CRA Board
FROM: Frank K. Rollason
Executive Director
Community Redevelopment Agency
RECOMMENDATION:
ITEM 6
DATE: MAY 9 200 FILE:
SUBJECT: Amending FY ' 03 Budget for the
SEOPW CRA
REFERENCES: 5/19/03 CRA Board Meeting
ENCLOSURES:
It is recommended that the Board of Directors of the Southeast Overtown/Park West
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
SEOPW CRA approved budget to enable approved and anticipated .expenditures to take
place.
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FUNDING SOURCE: AS SPECIFIED IN ATTACHED RESOLUTION
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SE®Pw/CRA
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EXHIBIT A
ACCOUNT CODE: 689001 SEOPW TIF
Transfer from Account Code No. 689001.550108.6.996 — entitled "Budget Reserve,"
the total available amount of $1,014,562.00* to:
Account Code No:
Amount'
689001.550108.6.220 — entitled "Professional Services — Appraisals"
$ 10,000.00
689001.550108.6.270 — entitled "Professional Services — Other"
$ 254,562.00
689001.550108.6.860 — entitled "Construction in Progress"
$ 750,000.00
Total: $1,014,562.00
*NOTE: Total amount currently shown in the reserve account is actually $1,557,734.00,
but $543,172.00 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 $1,014,562.00.
SEOPW/CRA
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