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HomeMy WebLinkAboutCRA-R-07-0011 LegislationCity of Miami Legislation CRA Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 07-00363 Final Action Date: A JOINT RESOLUTION OF THE BOARDS OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST (SEOPW) AND OMNI REDEVELOPMENT DISTRICT (OMNI) COMMUNITY REDEVELOPMENT AGENCIES, WITH ATTACHMENTS, APPROVING AND ADOPTING THE AMENDED SEOPW AND OMNI TAX INCREMENT FUND AND GENERAL OPERATING BUDGETS FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2006 AND ENDING SEPTEMBER 30, 2007; AND DIRECTING THE EXECUTIVE DIRECTOR TO TRANSMIT A COPY OF THE AMENDED BUDGETS TO THE CITY OF MIAMI AND MIAMI-DADE COUNTY. WHEREAS, the Southeast Overtown/Park West, and Omni Redevelopment District Community Redevelopment Agencies ("CRAs"), pursuant to Resolution Nos. CRA-R-06-0024 and CRA-R-06-0025 adopted on July 31, 2006, approved and adopted the CRAs FY'07 General Operating and Tax Increment Fund Budgets; and WHEREAS, it has become necessary to amend the budgets to correctly reflect the tax increment funds actually received in January 2007 and the actual timing of expenditures; and WHEREAS, the Boards of Commissioners wish to approve and adopt the Tax Increment Fund and General Operating Fund Budgets for Fiscal Year commencing October 1, 2006 and ending September 30, 2007. NOW, THEREFORE, BE IT RESOLVED BY THE BOARDS OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST AND OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCIES 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 as if fully set forth in this Section. Section 2. The attached amended SEOPW and OMNI Tax Increment Fund and General Operating Budgets for the Fiscal Year commencing October 1, 2006 and ending September 30, 2007 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. APPROVED AS TO FORM AND CORRECTNESS: City of Miami Page 1 of 2 Printed On: 3/19/2007 File Number: 07-00363 JORGE L. FERNANDEZ GENERAL COUNSEL s Cuy of Miami Page 2 of 2 Printed On: 3/19/2007