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HomeMy WebLinkAboutCRA-R-07-0017City of Miami Legislation CRA Resolution: CRA-R-07-0017 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 07-00445 Final Action Date: 3/26/2007 A JOINT RESOLUTION OF THE BOARDS OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST AND OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCIES , PROHIBITING THE EXPENDITURE OF TAX INCREMENT FUNDS FOR A STADIUM FOR PROFESSIONAL BASEBALL OR THE MIAMI STREETCAR PROJECT. WHEREAS, the Southeast Overtown/Park West and Omni Redevelopment District Community Redevelopment Agencies ("CRAs") are responsible for carrying out community redevelopment activities and projects in accordance with their respective Redevelopment Plans; and WHEREAS, the CRAs have limited budgets; and WHEREAS, major projects including funding for a stadium for professional baseball and the Miami Streetcar project have been proposed as uses for CRA funds; and WHEREAS, the Boards of Commissioners of the CRAs wish to prohibit use of CRA tax increment funds for these projects; NOW, THEREFORE, BE IT RESOLVED BY THE BOARDS OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST AND THE 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 herein as if fully set forth in this Section. Section 2. The Boards of Commissioners prohibit the expenditure of tax increment funds for a stadium for professional baseball, or the Miami Streetcar Project. Section 3. This Resolution shall become effective immediately upon its adoption. City of Miami Page 1 of 1 File Id: 07-00445 (Version: 3) Printed On: 1/10/2023