HomeMy WebLinkAboutMCRA-R-06-0002 cover memoMidtown Miami Board of Commissioners Meeting
July 31, 2006
item # 1
SOUTHEAST OVERTOWN/PARK WEST
AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
INTER -OFFICE MEMORANDUM
Board Chair Michelle Spence -Jones
and Members of the CRA Board
July 21, 2006 06-01250
Midtown CRA Proposed General
Operating & Tax Increment Fund
Budget for Fiscal Year 2007
From: Frank K: Rollason References:
Executive Director
Enclosure Supporting Documentation;
Legislation
RECOMMENDATION:
It is recommended that the Board of Commissioners for the Midtown Community Redevelopment Agency
approve and adopt the attached Resolution adopting the proposed Midtown CRA General Operating and Tax
Increment Fund (TIF) Budget for the Fiscal Year ending September 30, 2007 (FY '07) and directing the
Executive Director to transmit copies of the Approved Budgets to the City of Miami and Miami -Dade County.
Please note that the projected TIF revenues are presented as provided by the City of Miami's Department of
Strategic Planning, Budgeting and Performance and will be adjusted to the actual amounts at the time of receipt.
JUSTIFICATION:
In order to obtain timely action by the City of Miami Commission in September '06, it is necessary that this
budget be acted on during the July CRA Board meeting.
FKR/eh