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HomeMy WebLinkAboutMemo - Midtown CRA Amend. BgtCity of Miami Board of Commissioners Meeting May 24, 2012 SOUTHEAST OVERTOWN/PARK WEST, OMNI, & MIDTOWN COMMUNITY REDEVELOPMENT AGENCIES INTER -OFFICE MEMORANDUM To: City Of Miami Commissioners Date: May 3, 2012 File: From: Pieter A. Bockweg Executive Director Subject: MIDTOWN CRA Second Amended Budget 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 Board approved Second Amended Budget for the Midtown Community Redevelpment Agency ("Midtown CRA"), for the fiscal year commencing October 1, 2011, and ending September 30, 2012. The fiscal year 2012 Second Amended Budget of the Midtown CRA was approved by the Midtown CRA Board on April 26, 2012. JUSTIFICATION: 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.