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Date: /2007
AGENDA ITEM SUMMARY FORM
FILEID:O%—O gqLf
RE.25
Requesting Department: City Manager
Commission Meeting Date:1/10/2007 Distract Impacted:
Type: 114 Resolution ❑ Ordinance [] Emergency Ordnance ❑ Diacuesion Ttern
❑ Other
Subject: i uthct 'zi it tc er s enter to .0 intoriocal agreement with The SEOPW/Omni
Community Deve�l erg t A cncies acid The Children's Trust,
Purpose of item:
This resolution authorizes the City Manager to enter into an l,nterlocal Agreement among The
Southeast Overtown/Park West -Omni Community Rcdcvclopme.-nt Agencies (CRA). The Children's
Trust, The City of Miami, and Miami-Datic County exempting the Children's trust from having to
contribute its revenue to the CRA.
Background Information:
The Children's Trust (Trust) was established as a result of a county -wide reterendum by which it was
authorized to impose a one-half mil tax levy againstall non-exempt real property in Miarni-Dadc
County_ This levy applies to real property within the CRA areal;. Tn October of 2003 the County
Commission established a policy that the county would not consider any matter concerning a CRA
until the City shall first exempt the Trust ti-orn contributing its titillate from the CRA tax increment
fund (TIF). The attached resolution authorizes the CRA to refund that portion of the 'TIP generated to
the Trust for use within the CRA areas.
Budget 'rime et Anjalvsis
Is this item related to revenue?
Is this item an expenditure? If so, please identify funding source below,
General Account No:
Special Revenue Account Mn:
CIP Project No
Is this item funded by ilomeland Defense/Neighborhood Improvement Bonds?
Stairt Up Capitui Cost:
Maintenance Cost:
Total Fiscal impact:
Final Ann ovals
(ST_GiNlAND DATE)
CEP Budget
if using, or rOeEiving onoltil fun&
Grants
Risk Management
Purehasin ._ % Dept. Director
tg. J?'� f�1 — City Manager
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