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HomeMy WebLinkAboutCRA-R-12-0015 02-27-12 Cover MemoSEOPW Board of Commissioners Meeting February 27, 2012 SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Board Chair Michelle Spence -Jones Date: February 17, 2012 File: 12-00166 and Members of the CRA Board From: Pieter A. Bockweg Executive Director Subject: Amended FY2012 Special Revenue Fund Budget References: Enclosures: Supporting Documentation; Legislation BACKGROUND: It is recommended that the Board of Commissioners of the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") adopt the attached Resolution approving and adopting the amended Special Revenue Fund Budget for the fiscal year commencing October 1, 2011 and ending September 30, 2012. JUSTIFICATION: The Board of Commissioners, by Resolution No. CRA-R-11-0042, passed and adopted on July 25, 2011, approved and adopted the Special Revenue Fund Budget for Fiscal Year 2012 based on estimates of tax increment funds to be received in January 2012. The budget has been amended to reflect the amount of tax increment funds actually received.