HomeMy WebLinkAboutCRA-R-13-0025 Cover MemoSEOPW Board of Commissioners Meeting
March 25, 2013
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Michelle Spence -Jones
and Members of the CRA Board
From: Clarence E. Woods, III
Executive Director
Date: March 15, 2013 File: 13-00358
Subject: Resolution Amending and Supplementing
Resolution No. CRA-R-12-0061 regarding the
issuance of Tax Increment Revenue Bonds.
References:
Enclosures: Resolution
BACKGROUND:
It is recommended that the Board of Commissioners of the Southeast Overtown/Park West Community
Redevelopment Agency ("CRA") approve and adopt the attached Resolution amending and supplementing
Resolution CRA-R-12-0061, regarding the issuance of tax increment revenue bonds to finance or refinance the
acquisition and construction of community redevelopment projects in the Southeast Overtown/Park West
Redevelopment Area.
On September 17, 2012, the Board of Commissioners, by Resolution No. CRA-R-12-0061, authorizing the
issuance of tax increment revenue bonds to finance or refinance community redevelopments projects set forth in
Exhibit A attached thereto. It has now become necessary to clarify that proceeds of said series 2012 bonds will
not be used to pay either the costs of the parking garage portion of the project entitled "Lyric Place — Block 36,"
or the costs of the project entitled "Town Park Plaza North." This Resolution also seeks to amend the
description of the project entitled "St. John's Overtown Plaza."
FUNDING:
This Resolution does not expend or commit funding.