HomeMy WebLinkAboutCRA-R-09-0001 Cover Memo•
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SEOPW & Omni Boards of Commissioners Meeting
January 26, 2009
Item # 3
SOUTHEAST OVERTOWN/PARK WEST
AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
INTER -OFFICE MEMORANDUM
To: Board Chair Michelle Spence -Jones
and Members of the CRA Board
From: James H. Villacorta
Executive Director;
Date: January 16, 2009 File: 09-00033
Subject: Resolution Approving CRAs' Amended
Budgets for FY 2009
References:
Enclosures: Supporting Documentation;
Legislation
BACKGROUND:
It is recommended that the Boards of Commissioners of the Southeast Overtown/Park West and Omni
Redevelopment District Community Redevelopment Agencies ("CRAs") approve and adopt the attached Joint
Resolution approving and adopting the amended Tax Increment Fund and General Operating budgets of the
CRAs for the fiscal year commencing October 1, 2008 and ending September 30, 2009.
JUSTIFICATION:
On September 3, 2008, the CRAs' Boards of Commissioners, by Resolution Nos. CRA-R-08-0041 and CRA-R-
08-0042 approved and adopted the Tax Increment Fund and General Operating budgets for FY 2009 based on
estimates of tax increment funds to be received on January 1, 2009 and estimated timing for capital project
expenditure. These budgets have been amended to reflect the amount of tax increment funds actually received
on January 1, 2009, the actual timing of project expenditures, salary savings, and parking revenue. Summaries
of the changes reflected in the amended budgets are attached.
JHV/pk