HomeMy WebLinkAboutMCRA-R-16-0002 Cover MemoMidtown Board of Commissioners Meeting
September 8, 2016
MIDTOWN REDEVELOPMEN"I' DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Francis Suarez
and Members of the CRA Board
From: Pieter A. Bockweg
Executive Director
Date: August I I, 2016
Subject: Midtown CRA's Proposed General
Operating Budget & Tax Increment
Fund Budget for Fiscal Year 2016-17
References:
Enclosures: Attachment and 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, 2016, and ending September 30, 2017, 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.