HomeMy WebLinkAboutCRA-R-10-0014 Cover Memo 3-15-2010SEOPW Board of Commissioners Meeting
March 15, 2010
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Richard P. Dunn II
and Members of the CRA Board
From: James H. Villacorta
Executive Director
Date: March 5, 2010 File: 10-00311
ubject: Resolution Approving the CRA's
Amended Budgets for FY 2010
%r References:
Enclosures: Supporting Documentation; Legislation
BACKGROUND:
It is recommended that the Board of Commissioners of the Southeast Overtown/Park West Community
Redevelopment Agency ("CRA") adopt the attached Resolution approving and adopting the amended Tax
Increment Fund and General Operating Budgets of the CRA for the fiscal year commencing October 1, 2009
and ending September 30, 2010.
JUSTIFICATION:
On August 6, 2009, the CRA's Board of Commissioners, by Resolution No. CRA-R-09-0041, approved and
adopted the Tax Increment Fund and General Operating Budgets for FY 2010 based on estimates of tax
increment funds to be received on January 1, 2010 and estimated timing for capital project expenditures. These
budgets have been amended to reflect: 1) the amount of tax increment funds actually received on January 1,
2010, 2) the actual timing of project expenditures, 3) salary savings, and 4) parking revenue. Summaries of the
changes reflected in the amended budgets are attached.