HomeMy WebLinkAboutCRA-R-12-0027 04-26-12 Cover MemoOmni Board of Commissioners Meeting
April 26, 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: April 20, 2012 File: 12-00190
Subject: Resolution de -allocating unused funds and
allocating same to Museum Park
References:
Enclosures: Legislation
BACKGROUND:
It is recommended that the Board of Commissioners of the Omni Redevelopment District Community
Redevelopment Agency ("CRA") approve and adopt the attached Resolution de -allocating $5,000,000 as
outlined in Attachment "A", and hereby allocating said funds to Museum Park Project # CIP B-30538.
JUSTIFICATION:
A Resolution passed by the Board of Commissioners authorizing funding immediately encumbers the entire
amount authorized. A subsequent resolution is required to de -allocate those funds, and hereby allocating said
funds for the construction of Museum Park Project # CIP B-30538.
The Interlocal Agreement Between the City of Miami, Miami -Dade County, Southeast Overtown/Park West CRA
and Omni CRA to Provide Funding for Major Projects for the Benefit of All Parties, date December 31, 2007,
requires the Omni CRA to identify funding sources and reallocate the use of existing revenues for the
construction of Museum Park; and
This Resolution carries out these objectives.