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HomeMy WebLinkAboutCRA-R-10-0060 Cover Memo 07-22-2010SEOPW Board of Commissioners Meeting July 22, 2010 SOUTHEAST OVERTOWNfPARK WEST COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Board Chair Richard P. Dunn II and Members of the CRA Board etc) Frorn: James H. Villacorta Executive Director Date: July 12, 2010 File: 10-00865 Subject: SEOPW CRA Proposed General Operating & Tax Increment Fund Budgets for Fiscal Year 2011. References: Enclosures: 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 adopting the proposed SEOPW 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 SEOPW 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.