HomeMy WebLinkAboutCRA-R-06-0024 Cover Memo v2SEOPW & Omni Board of Commissioners Meeting
July 31, 2006
Item # 3
SOUTHEAST OVERTOWN/PARK WEST
AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
INTER -OFFICE MEMORANDUM
Board Chair Michelle Spence -Jones
and Members of the CRA Board
Date: July 21, 2006 File: 06-00917
Subject: SEOPW CRA Proposed General
Operating & Tax Increment Fund
Budget for Fiscal Year 2007
From: Fr-nk K. Rollason References:
Executive Director
Enclosure= Supporting Documentation;
Legislation
RECOMMENDATION:
It is recommended that the Board of Commissioners of the Southeast Overtown/Park West Community
Redevelopment Agency (SEOPW CRA) approve and adopt the attached Resolution adopting the proposed
SEOPW CRA General Operating and Tax Increment Fund (TIF) Budgets for the Fiscal Year ending September
30, 2007 (FY '07) and directing the Executive Director to transmit copies of the Budgets to the City of Miami and
Miami -Dade County. Please note that projected Tax Increment Fund 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:
As required annually per SEOPW/CRA Resolution No. 04-11, the proposed Budgets for the SEOPW / CRA are
presented for consideration, modification, and adoption no later than the June Board Meeting of each year.
FKR/eh