HomeMy WebLinkAboutCRA-R-10-0079 Cover Memo 09-27-2010SEOPW Board of Commissioners Special Meeting
September 27, 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: Pieter Bockweg
Executive Director
Date: September 23, 2010 File: 10-01083
Subject: Resolution De -Allocating Unused Funds.
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 de -allocating unused funds.
There are, currently, over $6.6 million in funds allocated from as early as 2007 that remain unused.
This item was deferred from the September 20, 2010 meeting of the Board of Commissioners of the
Southeast Overtown/Park West Community Redevelopment Agency.
JUSTIFICATION:
A resolution passed by the Board of Commissioners authorizing funding immediately encumbers the entire
amount authorized. Where balances remain, a subsequent resolution is required to de -allocate those funds
returning the remaining balances to the CRA's unrestricted fund balance.