HomeMy WebLinkAboutCRA-R-10-0076 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: 10-01115
Subject: Omnibus Resolution Amending Resolution
Numbers CRA-R-07-0056, CRA-R-08-0049
and CRA-R-08-0065.
References:
Enclosures: Supporting Documentation; Legislation
BACKGROUND:
The attached omnibus Resolution amends CRA-R-07-0056, CRA-R-08-0049, and CRA-R-08-0065, to de -
allocate funds in excess of actual project costs.
The Board of Commissioners authorized funding for several projects within the Omni Redevelopment Area,
more specifically: (1) roadway improvements along North Bayshore Drive (CRA-R-07-0056); (2) the design and
installation of upgrades to water and sewer facilities (CRA-R-08-0049); and (3) the design and re -construction of
Old Fire Station No. 2 (CRA-R-08-0065).
These projects were planned and managed by the City of Miami's Capital Improvements Program, whose plans
and estimates caused for additional funds to be allocated in excess of actual project costs. This resolution de -
allocates those excess funds.
JUSTIFICATION:
A resolution passed by the Board of Commissioners authorizing funding immediately encumbers the entire
amount authorized. A subsequent resolution is required to de -allocate and return excess funds to the CRA's
unrestricted fund balance.