HomeMy WebLinkAboutCRA-R-11-0052 10-24-2011 Signed LegislationCity of Miami
Legislation
CRA Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 11-00953 Final Action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
AUTHORIZING THE EXPENDITURE OF FUNDS, IN AN AMOUNT NOT TO
EXCEED $13,000, FOR THE PAYMENT OF 2011 REAL ESTATE PROPERTY
TAXES ON THE CRA OWNED PROPERTY LOCATED AT 1201 NORTHWEST
THIRD AVENUE, MIAMI, FLORIDA; FUNDS TO BE ALLOCATED FROM THE
SEOPW TAX INCREMENT FUND, ACCOUNT CODE NO.
10050.920101.549000.0000.00000.
WHEREAS, the Southeast Overtown/Park West Redevelopment Agency ("CRA") is
responsible for carrying out community redevelopment activities and projects within its Redevelopment
Area in accordance with its Redevelopment Plan; and
WHEREAS, pursuant to Florida Statute Chapter 163.370(2)(c)(1), the CRA purchased the
property, located at 1201 Northwest Third Avenue, Miami, Florida for redevelopment purposes; and
WHEREAS, in accordance to Florida Statute Chapter 163.370(2)(e)(4) the CRA leased the
property to two commercial tenants, from whom the CRA is currently receiving approximately $24,000
annually in rent; and
WHEREAS, the property's current use is a taxable use, and the CRA must pay property taxes
to maintain clear title; and
WHEREAS, the Board of Commissioners wishes to authorize the expenditure of funds in an
amount not to exceed $13,000.00 for the payment of the 2011 real estate property taxes on the CRA
owned property, located at 1201 Northwest Third Avenue, Miami, Florida;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY OF THE CITY
OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted
by reference and incorporated herein as if fully set forth in this Section.
Section 2. The expenditure of funds, in an amount not to exceed $13,000, for the payment of
real estate property taxes for the CRA owned Property, located at 1201 Northwest Third Avenue,
Miami, Florida, is hereby authorized.
Section 3. The expenditure of funds, in an amount not to exceed $13,000, for the payment
of real estate property taxes for the CRA owned Property, located at 1201 Northwest Third Avenue,
Miami, Florida, is hereby authorized.
City ofMiand Page 1 of 2 File Id: 11-00953 (Version: I) Printed On: 10/12/2011
File Number: 11-00953
Section 4. $13,000 to be allocated from the SEOPW Tax Increment Fund, Account Code No.
10050.920101.549000.0000.00000.
Section 5. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS
JULIE 0. BRU
GENERAL COUNSEL Rs
City of Miami Page 2 of 2 File Id: 11-00953 (Version: 1) Printed On: 10/12/2011