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HomeMy WebLinkAboutCRA-R-10-0057 Cover Memo 07-22-2010Omni Board of Commissioners Meeting July 22, 2010 OMNNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To Board Chair Marc D. Sarnoff Date: July 12, 2010 File: 10-00860 and Members of the CRA Board From: James H. Villacorta Executive Director BACKGROUND: Subject: Omni CRA Proposed General Operating & Tax Increment Fund Budgets for Fiscal Year 2011 References. Enclosures: Legislation It is recommended that the Board of Commissioners of the Omni Redevelopment District Community Redevelopment Agency ("'CRA") approve and adopt the attached Resolution adopting the proposed Omni CRA General Operating and Tax Increment Fund Budgets for the Fiscal Year commencing October 1, 2010 and ending September 30, 2011, and directing the Executive Director to transmit copies of the budgets to the City of Miami and Miami -Dade County. JUSTIFICATION: The Omni CRA is required to annually prepare a proposed budget and transmit the budget to the City of Miami and Miami -Dade County, This Resolution fulfills this requirement.