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HomeMy WebLinkAboutMCRA-R-11-0001 02-28-2011 Cover MemoMidtown Board of Commissioners Meeting February 28, 2011 MIDTOWN COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Board Chair Francis Suarez and Members of the CRA Board From: Clarence Woods Ju Assistant Director BACKGROUND: Date: February 18, 2011 File: 11-00136 Subject: Amended FY2011 Special Revenue Fund Budget References: Enclosures: Supporting Documentation; Legislation It is recommended that the Board of Commissioners of the Midtown Community Redevelopment Agency ("CRA") adopt the attached Resolution approving and adopting the amended Special Revenue Fund Budget for the fiscal year commencing October 1, 2010 and ending September 30, 2011. JUSTIFICATION: The Board of Commissioners, by Resolution No. MCRA-R-10-0003, passed and adopted on July 22, 2010, approved and adopted the Special Revenue Fund Budget for Fiscal Year 2011 based on estimates of tax increment funds to be received in January 2011. The budget has been amended to reflect the amount of tax increment funds actually received.