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HomeMy WebLinkAboutMemo - Midtown CRAMIDTOWN COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Members of the CRA Board Date: August 12,2024 File: Subject: From: Anthony Balzebre, References: Executive Director Midtown CRA Proposed General Operating & Tax Increment Fund Budget for Fiscal Year 2025. Enclosures: Exhibit A-CRA Proposed Budget BACKGROUND: It is recommended that the Board of Commissioners of the Midtown Community Redevelopment Agency approve the attached Resolution adopting the proposed Midtown CRA Tax Increment Fund Budget for the Fiscal Year commencing October 1, 2024 and ending September 30, 2025, and directing the Executive Director to transmit copies of the Budget to the City of Miami and Miami -Dade County. JUSTIFICATION: The Midtown CRA is required to annually prepare a proposed budget and transmit the budget to the City of Miami and Miami -Dade County. This resolution fulfills that requirement. /4<