HomeMy WebLinkAboutMCRA-R-20-0001 MemorandumMidtown Board of Commissioners Meeting
August 31, 2020
MIDTOWN COMMUNITY REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Vice Chair Joe Carollo
and Members of the CRA Board
From:Anthony Balzebre III
Executive Director
Date: May 10, 2023 File: 7795
Subject: Midtown CRA's Proposed Budget for
FY '20-'21
Enclosures: 7795 Exhibit A SUB
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 2021 proposed budget of the Midtown
Community Redevelopment Agency in the amount of $15,279,146, for the fiscal year
commencing October 1, 2020 ending September 30, 2021. Further directing the
Executive Director to transmit a copy of the 2021 proposed 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 to amend the budget so as to reflect the actual tax increment funds
received in the fiscal year.
This Resolution fulfills this requirement.
City of Miami
Legislation
Midtown CRA Resolution
MCRA-R-20-0001
Midtown CRA
1401 N. Miami Avenue
Miami, FL 33136
www.miamicra.com
File Number: 7795 Final Action Date: 8/31/2020
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE MIDTOWN
COMMUNITY REDEVELOPMENT AGENCY ("CRA"), WITH ATTACHMENT(S),
ACCEPTING AND APPROVING THE 2021 PROPOSED BUDGET OF THE CRA,
ATTACHED AND INCORPORATED AS EXHIBIT "A", IN THE AMOUNT OF
$15,279,146 FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2020 AND
ENDING SEPTEMBER 30, 2021; DIRECTING THE EXECUTIVE DIRECTOR TO
TRANSMIT A COPY OF THE BUDGET TO THE CITY OF MIAMI AND MIAMI-DADE
COUNTY.
WHEREAS, the Midtown Community Redevelopment Agency ("CRA") is responsible for
carrying out community redevelopment activities and projects within its Redevelopment Area;
and
WHEREAS, as a prerequisite to carrying out the redevelopment activities for Fiscal Year
2020-2021, the Board of Commissioners of the CRA must approve the proposed Tax Increment
Budget ("Budget") for the fiscal year commencing October 1, 2020 ending September 30, 2021;
and
WHEREAS, a copy of the Budget is required to be transmitted to the City of Miami
("City") and Miami -Dade County ("County");
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF
THE MIDTOWN COMMUNITY REDEVELOPMENT AGENCY:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
approved by reference and incorporated as if fully set forth in this Section.
Section 2. The Board of Commissioners of CRA hereby approves and adopts the
proposed Budget for the fiscal year commencing October 1, 2020 ending September 30, 2021,
attached and incorporated as Exhibit "A".
Section 3. The Executive Director is directed to transmit a copy of the proposed Budget
to the City and the County.
Section 4. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
VICTORIA MENDEZ, GENERAL COUNSEL