HomeMy WebLinkAboutCRA-R-10-0080 Cover Memo SUB 09-27-2010SEOPNBoard ofCommissioners Special Meeting
September 27.2O1O
SOUTHEAST OVERT[)VVN/PARKVVEST
COMMUNITY REDEVELOPMENT AGENCY
IINTER-OFFICE MEMORANDUM
To Board Chair Richard P. Dunn U
and Members ofthe CRABoard
Date: September 27.2O1U File: 10'01165
Subject: Resolution Authorizing aReimbursement hm
the City of Miami for Administrative Operating
Subsidies Advanced to the CRA.
From: Pieter A.BockweQ /�, References:
Executive Director
Enclosures: Supporting Documentation; Legislation
It is recommended that the Board of Commissioners of the Southeast Overtown/Park Nest Community
Redevelopment Agency ("CRA") approve and adopt the attached Resolution authorizing a banufer, in an
amount not to exceed $5,271,317, to the City of Miami for the repayment of past subsidies given to the CRA.
During the period beginning Fiscal Year2OOU and ending Fiscal Year2U05' the City of Miami contributed over
$5.2million toward the CR/Yoadministration and operating costs.
FUNDING: $5.271.317 from SEOPVV Tax Increment Fund. "General Operating," Account Code No.
10050.020101.891000.0000.00000.