HomeMy WebLinkAboutCRA-R-10-0080 09-27-2010 Submittal-Memo5E0PW Board of Commissioners Special Meeting
Sephsnnber27 2010
SOUTHEAST OVERTOVVN/PARKVVE3T
COK4MUN!TYIREDEVEL[)PK4ENTAGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Richard P. Dunn U
and Members of the CRA Board
From. Pieter A,Bockweg
Executive Director
Date September 27.2O1O Fi|e:1O-011G5
Subjec� Resolution Authorizing a Reimbursement to
the City ofW1iam;for Administrative Operating
Subsidies Advanced to the CRA.
References:
Enclosures: Supporting Dccumentation� Legislation
BACKGROUND:
It is recommended that the Board of Commissioners of the Southeast Cwortown/Park West Community
Redevelopment Agency ("CRA") approve and adopt the attached Resolution authorizing a tnsnsfer, in an
amount not toexceed $5.271 317.totheCih/of Miami for the repayment ofpast subsidies given tothe CRA.
During the period beginning Fiscal Year 2UOOand ending Fiscal Yoor2OO5. the City ofMiami contributed over
35.2million toward the CRA'oadministration and operating costs.
FUNDING: $5.271.317 from SEOPVV Tax Increment Fund. "General Operating," Account Code No.
10050.920101.891000.0000,D0000.
Submitted into the public
record in connection with