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HomeMy WebLinkAboutCRA-R-17-0045File Number: 2722 Southeast Overtown/Park West Community Redevelopment Agency Legislation CRA Resolution: CRA-R-17-0045 Final Action Date:7/31/2017 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("CRA"), WITH ATTACHMENT(S), APPROVING AND ADOPTING THE CRA'S PROPOSED GENERAL OPERATING AND TAX INCREMENT FUND BUDGET FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2017 AND ENDING SEPTEMBER 30, 2018 SET FORTH IN ATTACHMENT "A"; DIRECTING THE EXECUTIVE DIRECTOR TO TRANSMIT A COPY OF SAID BUDGET TO THE CITY OF MIAMI AND MIAMI-DADE COUNTY. WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within its Redevelopment Area in accordance with the 2009 Southeast Overtown/Park West Redevelopment Plan; and WHEREAS, as a prerequisite to carrying out redevelopment activities for Fiscal Year commencing October 1, 2017 and ending September 30, 2018 ("FY 2018"), it is required that the CRA's Board of Commissioners approve the CRA's proposed Fiscal Year 2018 General Operating Budget and Tax Increment Fund Budget; and WHEREAS, pursuant to Interlocal Agreements, a copy of CRA's budget is required to be transmitted to the City of Miami ("City") and Miami -Dade County; and WHEREAS, all the expenses included in the budget are in accordance with state law, Interlocal Agreements, and the Plan; and WHEREAS, the Executive Director of the CRA, shall be entitled to a cost of living adjustment increase or a merit increase no greater than 5% added to the current base salary. Budgeted funds were contemplated in the 2018 proposed budget/Salary expense account; and WHEREAS, the Board of Commissioners wish to approve and adopt the CRA's proposed General Operating and Tax Increment Fund Budget for the FY 2018 set forth in Attachment "A"; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: 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. The Southeast Overtown/Park West Community Redevelopment Agency's General Operating and Tax Increment Fund Budget for the Fiscal Year commencing October 1, 2017 and ending September 30, 2018, set forth in Attachment "A," is hereby approved and adopted. City of Miami Page 1 of 2 File ID: 2722 (Revision: 8) Printed On: 911412022 File ID: 2722 Enactment Number: CRA-R-17-0045 Section 3. The Executive Director is directed to transmit a copy of said budget to the City of Miami ("City") and Miami -Dade County. Section 4. The Executive Director of the CRA, shall be entitled to a cost of living adjustment increase or a merit increase no greater than 5% added to the current base salary. Budgeted funds were contemplated in the 2018 proposed budget/Salary expense account. Section 5. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND LEGAL SUFFICIENCY: -- -- -- Re,iee Jadusmgh, Staff Cuu�nsel 81712017 Re-.iee Jadusmgh, Staff C;uunsel 9r1912017 City of Miami Page 2 of 2 File ID: 2722 (Revision: 8) Printed on: 911412022