HomeMy WebLinkAboutCRA-R-10-0081 Cover Memo 9-27-2010SEOPW Board of Commissioners Special Meeting
September 27, 2010
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SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Richard P. Dunn 11
and Members of the CRA Board
From: Pieter Bockweg
Executive Director
Date: September 23, 2010 File: 10-01149
Subject: Resolution Approving the CRA's Amended
Budgets for Fiscal Year 2010
References:
Enclosures: Supporting Documentation; 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 approving and adopting the
amended Tax Increment Fund and General Operating Budgets of the CRA for the Fiscal Year commencing
October 1, 2009 and ending September 30, 2010.
On August 6, 2009, the Board of Commissioners, by Resolution No. CRA-R-09-0041, approved and adopted the
CRA's Fiscal Year 2010 General Operating and Tax Increment Fund Budgets. An amended version was later
approved and adopted by the Board on March 15, 2010, by Resolution No. CRA-R-10-0014 to account for
actual tax increment funds received in January 2010.
The City of Miami has now requested a reimbursement for advances made to the CRA to assist with the CRA's
general operating expenses during the period beginning October 1999 and ending September 2005. The
budget for Fiscal Year 2010 requires an amendment to account for the requested reimbursement.
JUSTIFICATION:
Those certain reimbursements now requested by the City of Miami were not included in the proposed and
amended budgets approved on August 6, 2009 and March 15, 2010, respectively. These amended budgets
now include the requested reimbursements to the City.