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HomeMy WebLinkAboutCRA-R-15-0028 LegislationCity of Miami Legislation CRA Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 15-00873 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWNIPARK WEST COMMUNITY REDEVELOPMENT AGENCY ("CRA"), WITH ATTACHMENT(S), APPROVING AND ADOPTING THE CRA'S PROPOSED GENERAL OPERATING AND TAX INCREMENT FUND BUDGET FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2015 AND ENDING SEPTEMBER 30, 2016 SET FORTH IN ATTACHMENT "A'; DIRECTING THE EXECUTIVE DIRECTOR TO TRANSMIT A COPY OF SAID BUDGET TO THE CITY OF MIAMI AND MIAMI-DADE COUNTY. 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 the 2009 Southeast Overtown/Park West Redevelopment Plan ("Plan"); and WHEREAS, as a prerequisite to carrying out redevelopment activities for Fiscal Year commencing October 1, 2015 and ending September 30, 2016 ("FY 2016"), it is required that the CRA's Board of Commissioners approve the CRA's proposed Fiscal Year 2016 General Operating Budget and Tax Increment Fund Budget; and WHEREAS, pursuant to Interlocal Agreements, a copy of CRA's budget is required to be transmitted to the City of Miami and Miami -Dade County; and WHEREAS, all the expenses included in the budget are in accordance with state law, Interlocal Agreements, and the Plan; and WHEREAS, the Board of Commissioners wishes to approve and adopt the CRA's proposed General Operating and Tax Increment Fund Budget for the FY 2016 set forth in Attachment "A"; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWNIPARK 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. The Southeast Overtown/Park West Community Redevelopment Agency's General Operating and Tax Increment Fund Budget for the Fiscal Year commencing October 1, 2015 and ending September 30, 2016, set forth in Attachment "A," are hereby approved and adopted. Section 3. The Executive Director is directed to transmit a copy of said budget to the City of Miami and Miami -Dade County. Section 4. This Resolution shall become effective immediately upon its adoption. City' o Miami Page 1 of 2 File Id: 15-00873 (Version: 1) Printed On: 7/8/2015 File Number: 15-00873 APPROVED AS TO FORM AND LEGAL SUFFICIENCY: REN E A. JADUSINGH, ESQ. STAFF COUNSEL City of Miami Page 2 of 2 File Id: 15-00873 (Version: 1) Printed On: 7/8/2015