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HomeMy WebLinkAboutMCRA-R-08-0002 Cover Memo• • • Midtown Board of Commissioners Meeting September 3, 2008 Item # 1 MIDTOWN COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Board Chair Michelle Spence -Jones Date: August 22, 2008 File: 08-00943 and Members of the CRA Board From.: James H. Villaco Executive Direct Subject: Midtown CRA Proposed General Operating & Tax Increment Fund Budgets for Fiscal Year 2009 References: Enclosures: Legislation BACKGROUND: It is recommended that the Board of Commissioners of the Midtown Community Redevelopment Agency ("Midtown CRA") approve and adopt the attached Resolution adopting the proposed Midtown CRA General Operating and Tax Increment Fund Budgets for the Fiscal year ending September 30, 2009 (FY '09) and directing the Executive Director to transmit copies of the budgets to the City of Miami and Miami -Dade County. JUSTIFICATION: The Midtown CRA is required to annually prepare a proposed budget and transmit the budget to the City of Miami and Miami -Dade County. This Resolution fulfills that requirement. JHV/pk