HomeMy WebLinkAboutCRA-R-09-0014 03-12-2009 Submittal_General Approval Processes for CRA Funding of Projects3
General Approval Processes for CRA Funding of Projects
Miami CRA
City of Miami
Miami -Dade County
Staff and
Commission
! Committees
City Commission
Approval of
CRA Finding
Finding of
Necessity
Approval by
CRA/
of
Necessity
Review Finding of
Necessity
County Commission
Approval of
City's and CRA's Finding of
Necessity
v
Redevelopment
Plan Amendments
Planning Advisory Board's
review of CRA
Approved by
CRA
Redevelopment
Plan Amendments
Staff and
Commission
Committees
City Commission
Approval of
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Re A Redevelopment
p
Amendments
Review of
Redevelopment Plan
Amendments
County Commission
Approval
of
CRA Plan Amendments
CRA develops listing of
Projects to be funded including
desired start dates; a Plan of
Finance is then developed and
approved by the CRA
Master Bond Ordinance and
Plan Cityof Finance is rentedd by
Finance Committee
Staff and
Commission
Committees
_ Review of Project
Listing, annual CRA
budgets, and over
time, each Series of
debt.
City Commission approves
listing of Projects to be funded
by Pay -As -You -Go TIFF
Master Bond Ordinance is
developed. Each Series of
Debt is to approved separately
by the City Commission.
revenues or through bond
proceeds
Master Bond Ordinance is
approved by City Commission.
Over time, each Series of debt
is approved separately by the
City Commission.
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County Commission
Approval of each Series of
Debt to be issued and the
CRA's annual budgets (which
provide for Pay -As -You -Go
projects).
(Projects are funded by Bonds or
Pay -As -You -Go