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HomeMy WebLinkAboutMCRA-R-14-0002 Cover MemoMidtown Board of Commissioners Meeting July 23, 2014 MIDTOWN REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Board Chair Francis Suarez Date: July 7, 2014 and Members of the CRA Board Subject: Midtown CRA's Proposed General Operating Budget & Tax Increment Fund Budget for Fiscal Year 2014-15 From: Pieter A. Bockweg %// References: Executive Director /y Enclosures: Attachment, Legislation BACKGROUND: It is recommended that the Board of Commissioners of the Midtown Redevelopment District Community Redevelopment Agency ("CRA") approve and adopt the attached Resolution, with attachment(s), adopting the proposed Midtown CRA's General Operating Budget and Tax Increment Fund Budget, for the Fiscal Year commencing October 1, 2014, and ending September 30, 2015, and further directing the Executive Director to transmit a copy of each budget to the City of Miami and Miami -Dade County. JUSTIFICATION: The Interlocal Agreement requires the Midtown CRA to annually prepare a proposed budget and transmit same to the City of Miami and Miami -Dade County. This Resolution fulfills this requirement.