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HomeMy WebLinkAboutCRA-R-10-0008City of Miami Legislation CRA Resolution: CRA-R-10-0008 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 10-001191 Final Action Date: 2/11/2010 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY RATIFYING THE EXPENDITURE OF FUNDS, IN AN AMOUNT NOT TO EXCEED $12,620, FOR THE PAYMENT OF 2009 REAL ESTATE PROPERTY TAXES ON THE PROPERTY AT 1201 N.W. 3RD AVENUE, MIAMI, FLORIDA; FUNDS TO BE ALLOCATED FROM THE SEOPW TAX INCREMENT FUND, "OTHER CURRENT CHARGES - PROPERTY TAXES,” ACCOUNT CODE NO. 10050.920101.549000.0000.00000. WHEREAS, the Southeast Overtown/Park West Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects in accordance with its Redevelopment Plan; and WHEREAS, the CRA purchased the Property on January 29, 2009, with two commercial tenants occupying units in the building; and WHEREAS, the CRA collects approximately $24,000 in rent from its commercial tenants; and WHEREAS, this is a taxable use of the property and the CRA must pay property tax to maintain clear title; and WHEREAS, the Director authorized payment to take advantage of the discount for payment by December 31, 2009; and WHEREAS, the Board of Commissioners wishes to ratify the action of the Executive Director in paying the outstanding taxes; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY 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 expenditure of funds, in an amount not to exceed $12,620, for the payment of real estate property taxes on the Property at 1201 N.W. 3rd Avenue, Miami, Florida, is ratified. Section 3. Funds to be allocated from SEOPW Tax Increment Fund, "Other Current Charges - Property Taxes" Account No. 10050.920101.549000.0000.00000. Section 4. This Resolution shall become effective immediately upon its adoption. City of Miami Page 1 of 2 File Id: 10-001191 (Version: 1) Printed On: 9/20/2011 File Number: 10-001191 Enactment Number: CRA-R-10-0008 City of Miami Page 2 of 2 File Id: 10-001191 (Version: 1) Printed On: 9/20/2011