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HomeMy WebLinkAboutMCRA-R-11-0006 07-28-2011 Cover MemoMidtown Board ofCommissioners Meeting July 28.2011 MIDTOWN COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Board Chair Francis Suarez and Members ofthe CFABoard From: Pieter A.Bockweg Executive Director BACKGROUND: Dab*: July 21.2O11 FUw:11'O0882 Subject: Midtown CRAProposed General Operating & Tax Increment Fund Budgets for Fiscal Year 2012. References: Enclosures: Supporting Documentation; Legislation It is recommended that the Board of Commissioners of the Midtown Redevelopment District Community Redevelopment Agency (^CRA^) approve and adopt the attached Resolution adopting the proposed Midtown CRAGenena| Operating and Tax Increment Fund Budgets for the Fiscal Year commencing October 1. 2011, and ending September 30. 2012, and directing the Executive Director to transmit copies of the budgets bothe City ofMiami 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.