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HomeMy WebLinkAboutCRA-R-16-0043 Cover MemoOMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM OMNI Board of Commissioners Meeting September 13, 2016 To: Board Chair Ken Russell and Members of the CRA Board From: Jason Walke Executive Din Date: August 25, 2016 Subject: OMNI CRA's Proposed General Operating Budget & Tax Increment Fund Budget for Fiscal Year 2016-17 References: Enclosures: Attachment, 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, with attachment(s), adopting the proposed OMNI CRA's General Operating Budget and Tax Increment Fund Budget, for the Fiscal Year commencing October 1, 2016, and ending September 30, 2017, and further directing the Executive Director to transmit a copy of each budget to the City of Miami and Miami -Dade County. JUSTIFICATION: The Interlocal Agreement requires the OMNI CRA to annually prepare a proposed budget and transmit same to the City of Miami and Miami -Dade County. This Resolution fulfills this requirement.