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HomeMy WebLinkAboutMemoSOUTHEAST OVERTOWN/PARK WEST OMNI AND MIDTOWN COMMUNITY REDEVELOPMENT AGENCIES INTER -OFFICE MEMORANDUM To: Mayor and Members of the Date: March 11, 2009 File: City Commission Subject: Acceptance and Adoption of the CRAs' FY '09 Amended Budgets. From: James H. Villacorta v References: Executive Directgr Enclosures: Legislation BACKGROUND: It is recommended that the attached Resolution be approved by the City Commission accepting and adopting the Fiscal Year '09 Amended Budgets for the CRA's General Operating, Southeast Overtown/Park West, Omni Redevelopment District, and Midtown Community Redevelopment Agencies ("CRAs") as approved by the CRAB' Boards of Commissioners at their regular Board Meetings held on November 3, 2008, and January 26, 2009. JUSTIFICATION: Article VI, paragraph 6.1 (b), of the Interlocal Cooperation Agreement, dated March 1, 2000, between the City of Miami ("City"), the Southeast Overtown/Park West Community Redevelopment Agency ("SEOPW CRA") and the Omni Redevelopment District Community Redevelopment Agency ("Omni CRA"), as revised and amended, requires that the SEOPW CRA and the Omni CRA submit their budgets to the City. Article III, paragraph D, of the Interlocal Cooperation Agreement, dated June 30, 2005, between Miami -Dade County, the City, and the Midtown Community Redevelopment Agency ("Midtown CRA") requires that the Midtown CRA submit its budget to the City. In accordance with these Agreements, the CRAs' budgets are being submitted for acceptance and adoption by the City of Miami. JHV/pk