HomeMy WebLinkAboutCRA-R-10-0015 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. Villacort
Executive Director
Date: March 5, 2010 File: 10-00310
Subject: Resolution Authorizing De -Allocation of
Remaining Balances
References:
Enclosures: Supporting Documentation; Legislation
BACKGROUND:
It is recommended that the Board of Commissioners of the Southeast Overtown/Park West Community
Redevelopment Agency ("CRA") approve and adopt the attached Resolution authorizing the de -allocation of
$574,878, previously authorized for various projects. These projects have been completed, and there are
remaining balances which could be used to fund other community redevelopment activities and projects.
JUSTIFICATION:
When the CRA's Board of Commissioners passes a resolution authorizing funding, the funds are immediately
encumbered to the full extent of the amount authorized. In the event there are remaining balances, a resolution
is required to return these funds to the CRA's unrestricted fund balance.