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HomeMy WebLinkAboutCRA-R-08-0018 Cover Memo• • • SEOPW & Omni Boards of Commissioners Meeting March 31, 2008 SOUTHEAST OVERTOWN/PARK WEST Item # 4 AND OMNI COMMUNITY REDEVELOPMENT AGENCIES INTER -OFFICE MEMORANDUM Board Chair Michelle Spence -Jones and Members of the CRA Board Date March 21, 2008 Rile 06-00232 Subject: Rescinding Resolution No. CRA-R-07- 0028 and Authorizing the Finding of Necessity Study for Expansion of the Boundaries for the SEOPW CRA, James H. Villacorta ; d References Executive Director Enclosures: Supporting Documentation; Legislation BACKGROUND: The attached Resolution rescinds Resolution No. CRA-R-07-0028 in its entirety and authorizes expenditure of an amount not to exceed $25,000, for a Finding of Necessity Study for the expansion of the boundaries of the Southeast Overtown/Park West Redevelopment Area. On December 31, 2007, the City of Miami, Miami -Dade County, the Southeast Overtown/Park West Community Redevelopment Agency and the Omni Redevelopment District Community Redevelopment Agency entered into an Interlocal Agreement, which provided, among other things, for the possible expansion of the boundaries of the Southeast OvertownlPark West Redevelopment Area. JUSTIFICATION: Section 163.355, Florida Statutes, provides that no municipality shall exercise community redevelopment authority conferred by statue until a legislative finding of necessity supported by data and analysis has been adopted. This study is necessary to comply with the statue. FUNDING: $25,000 from SEOPW Tax Increment Fund, "Professional Services"Account code No. 10050.920101.531000.0000.00000. JHV/pk