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HomeMy WebLinkAboutCRA-R-10-0073 Cover Memo 09-20-2010Omni Board of Commissioners Meeting September 20, 2010 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Board Chair Marc D. Sarnoff and Members of the CRA Board From: Pieter Bockweg Executive Director Date: September 10, 2010 File: 10-00690 Subject: Resolution Authorizing Expenditures and Grants for 2010 Art Basil Events. References: Enclosures: Legislation BACKGROUND: It is recommended that the Board of Commissioners of the Omni Redevelopment District Community Redevelopment Agency ("CRA") approve and adopt the attached Resolution authorizing expenditures and grants, in a total amount not exceed $50,000, in support of 2010 Art Basel -related events within the Redevelopment Area. Expenditures or grants in excess of $4,500 shall be brought before the Board for ratification. JUSTIFICATION: Section 4.4, B., at page 41, of the 2009 Omni Redevelopment Plan, lists the "[creation of] a sustainable regional destination and identity by capitalizing on the development of the Performing Arts Center and the Media/Entertainment District," as a stated redevelopment objective. This Resolution carries out this objective. FUNDING: $50,000 from Omni Tax Increment Fund, "Other Grants and Aids," Account Code No. 10040.920101.883000.0000.00000.