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HomeMy WebLinkAboutCRA-R-12-0017 02-27-12 Cover MemoOmni Board of Commissioners Meeting February 27, 2012 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Board Chair Marc D. Sarnoff and Members of the CRA Board From: Pieter A. Bockweg Executive Director Date: February 17, 2012 File: 12-00175 Subject: Amended FY2012 Special Revenue Fund Budget and General Operating Budget References: Enclosures: Supporting Documentation; Legislation BACKGROUND: It is recommended that the Board of Commissioners of the Omni Redevelopment District Community Redevelopment Agency ("CRA") adopt the attached Resolution approving and adopting the Amended Special Revenue Fund Budget and General Operating Budget for the fiscal year commencing October 1, 2011 and ending September 30, 2012. JUSTIFICATION: The Board of Commissioners, by Resolution No. CRA-R-11-0046, passed and adopted on July 28, 2011, approved and adopted the Special Revenue Fund Budget and General Operating Budget for Fiscal Year 2012 based on estimates of tax increment funds to be received in January 2012. The budgets have been amended to reflect the amount of tax increment funds actually received.