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HomeMy WebLinkAboutMCRA-R-10-0003 Cover Memo 07-22-2010Midtown Board of Commissioners Meeting July 22, 2010 MIDTOWN COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Board Chair Francis Suarez and Members of the CRA Board From: James H. Viilacorta Executive Director Date: July 12, 2010 File: 10-00859 Subject: Midtown CRA Proposed General Operating & Tax increment Fund Budgets for Fiscal Year 2011 References: Enclosures: Legislation BACKGROUND: it is recommended that the Board of Commissioners of the Midtown Community Redevelopment Agency (" CRA") approve and adopt the attached Resolution adopting the proposed Midtown CRA General Operating and Tax Increment Fund Budgets for the Fiscal Year commencing October 1, 2010 and ending September 30, 2011, 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 this requirement.