HomeMy WebLinkAboutCRA-R-12-0046 Signed LegislationCity of Miami
Legislation
CRA Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 12-00686 Final Action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
AUTHORIZING PAYMENT TO THE CITY OF MIAMI, OF THE REMAINING
BALANCE, INCLUDING PRINCIPAL AND INTEREST, IN AN AMOUNT NOT TO
EXCEED $492,143, FOR THE COMMUNITY REDEVELOPMENT REVENUE
BONDS, SERIES 1990; ALLOCATING FUNDS FROM THE SEOPW TAX
INCREMENT FUND, "INTER -FUND TRANSFER - DEBT SERVICE," ACCOUNT
CODE NO. 10050.920101.891000.0000.00000.
WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("CRA")
is responsible for carrying out community redevelopment activities and projects, within its
Redevelopment Area in accordance with its approved Redevelopment Plan; and
WHEREAS, the CRA required funds to effectuate its responsibility of carrying out community
redevelopment activities and projects within its Redevelopment Area in accordance with its approved
Redevelopment Plan; and
WHEREAS, the City of Miami issued Community Redevelopment Revenue Bonds, Series 1990, on
behalf of the Southeast Overtown/Park West Community Redevelopment Agency; and
WHEREAS, the Board of Commissioners wishes to authorize payment to the City of Miami of the
remaining balance, including principal and interest, in an amount not to exceed $492,143, for the
Community Redevelopment Revenue Bonds, Series 1990;
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. Payment to the City of Miami of the remaining balance, including principal and
interest, in an amount not to exceed $492,143, for the Community Redevelopment Revenue Bonds,
Series 1990, is authorized.
Section 3. Funds are to be allocated from the SEOPW Tax Increment Fund, "Inter -Fund Transfer -
Debt Service," Account Code No. 10050.920101.891000.0000.00000.
City of Miami
Page 1 of 2 File Id: 12-00686 (Version: 1) Printed On: 6/13/2012
File Number: 12-00686
Section 4. This resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
GENERAL COUNSEL
City of Miami Page 2 of 2 File Id: 12-00686 (Version: 1) Printed On: 6/13/2012