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HomeMy WebLinkAboutCover MemoSOUTHEAST OVERTOWN/PARK WEST AND OMNI COMMUNITY REDEVELOPMENT AGENCIES INTER -OFFICE MEMORANDUM To: Mayor and Members of the Date: August 22, 2007 File: City Commission From: James H. Villacort Executive Director 1 Subject: Acceptance and Adoption of The CRAs' FY'08 Budgets References: Enclosures: Legislation BACKGROUND: It is recommended that the attached Resolution be approved by the City Commission accepting and adopting the Fiscal Year '08 Budgets for the Southeast Overtown/Park West, Omni Redevelopment District, and Midtown Community Redevelopment Agencies (CRAs) as approved by the CRAs' Boards of Commissioners at their regular Board Meeting held on July 30, 2007. 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 of Miami, 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 CRA budgets are being submitted for acceptance and adoption by the City of Miami. JHV/eh