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HomeMy WebLinkAboutCRA-R-05-0042 Legislation• • City of Miami Legislation CRA Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.ci.miami.fLus File Number: 05-01025 Final Action Date: A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("CRA"), WITH ATTACHMENT(S), APPROVING AND ADOPTING THE CRA'S AMENDED GENERAL OPERATING AND TAX INCREMENT FUND BUDGETS FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2005 AND ENDING SEPTEMBER 30, 2006, REFLECTING THE ELIMINATION OF THE ANNUAL CONTRIBUTION BY THE CITY OF MIAMI; AND DIRECTING THE EXECUTIVE DIRECTOR TO TRANSMIT A COPY OF EACH BUDGET TO THE CITY OF MIAMI AND MIAMI- DADE COUNTY. WHEREAS, on June 23, 2005, by Resolution CRA-R-05-0026, the Board of Directors of the Southeast Overtown/Park West Community Redevelopment Agency ("CRA"), adopted the CRA's General Operating and Tax Increment Fund Budgets for the Fiscal Year commencing October 1, 2005 and ending September 30, 2006, which included a contribution of $659,388.00 from the City of Miami as provided for by Inter -Local Agreement between the CRA and the City; and WHEREAS, on September 8, 2005, the Miami City Commission held a hearing to consider the CRA's General Operating and Tax Increment Fund Budgets, for the Fiscal Year commencing October 1, 2005 and ending September 30, 2006, and by Resolution No. 05-00788, accepted and adopted said budgets provided that they would be amended to eliminate the City's contribution; and WHEREAS, the Board of Directors wishes to amend the CRA's Fiscal Year 2006 General Operating and Tax increment Fund Budgets to reflect the elimination of the City's contribution; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated herein as if fully set forth in this Section. Section 2. The attached Amended CRA General Operating and Tax Increment Fund Budgets, for the Fiscal Year commencing October 1, 2005 and ending September 30, 2006, reflecting the elimination of the annual contribution by the City of Miami, are approved and adopted. Section 3. The Executive Director is directed to transmit a copy of each budget to the City of Miami and Miami -Dade County. Section 4. This Resolution shall become effective immediately upon its adoption. 110 APPROVED AS TO FORM AND CORRECTNESS: City of Miami Page 1 of 2 Printed On: 10/15/2005 File Number: 05-01025 JORGE L. EE-RNAN©EZ GENERAL COUNSEL City of Miami Page 2 of 2 Printed On: 10/15/2005