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HomeMy WebLinkAboutMemo - CRACity of Miami Board of Commissioners Meeting September 15, 2011 SOUTHEAST OVERTOWN/PARK WEST, OMNI, & MIDTOWN COMMUNITY REDEVELOPMENT AGENCIES INTER -OFFICE MEMORANDUM To: City Of Miami Commissioners From: Pieter A. Bockweg Executive Director Date: August 17, 2011 File: Subject: SEOPW CRA, OMNI CRA, MIDTOWN CRA Budgets for Fiscal Year 2012. References: Enclosures: Supporting Documentation; Legislation BACKGROUND: It is recommended that the Board of Commissioners of the City of Miami accept the attached Community Redevelopment Agency ("CRA") Board approved budgets for Southeast Overtown/Park West Community Redevelopment Agency ("SEOPW CRA"), Omni Redevelpment District Community Redevelopment Agency ("Omni CRA"), and Midtown Community Redevelpment Agency ("Midtown CRA") Budgets for the fiscal year commencing October 1, 2011, and ending September 30, 2012. The fiscal year 2012 budgets of the SEOPW CRA, Omni CRA, and Midtown CRA were approved by the CRA Board on July 28, 2011. JUSTIFICATION: Article VI, paragraph 6.1(b), of the Interlocal Cooperation Agreement, dated March 1, 2000, between the City of Miami ("City"), the Southeast Overtown/Park West Community Redevelopment Agency ("SEOPW CRA") and the Omni Redevelopment District Community Redevelopment Agency ("Omni CRA"), as revised and amended, requires that the SEOPW CRA and the Omni CRA submit their budgets to the City. Article III, paragraph D, of the Interlocal Cooperation Agreement, dated June 30, 2005, between Miami -Dade County, the City, and the Midtown Community Redevelopment Agency ("Midtown CRA") requires that the Midtown CRA submit its budget to the City.