HomeMy WebLinkAboutMemo - Approving CRA's FY 2013 Amended BudgetCity of Miami Board of Commissioners Meeting
March 28, 2013
SOUTHEAST OVERTOWNIPARK WEST
AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
INTER -OFFICE MEMORANDUM
To: City of Miami Commissioners
From: Clarence E. Woods, III
Executive Director
Date: March 19, 2013 File: 13-00212
Subject: Resolution Approving the CRA's FY 2013 Amended
Budget
References:
Enclosures: Supporting Documentation;
Legislation
BACKGROUND:
It is recommended that the Board of Commissioners of the Southeast Overtown/Park West Community
Redevelopment Agency ("CRA') adopt the attached Resolution approving and adopting the amended Tax
Increment Fund and General Operating Budget of the CRA for the fiscal year commencing October 1, 2012 and
ending September 30, 2013.
JUSTIFICATION:
On July 30, 2012, the CRA's Board of Commissioners, by Resolution No. CRA-R-12-0050, approved and
adopted the Tax Increment Fund and General Operating Budget for FY 2013 based 'on estimates of tax
increments funds expected to be received in early January 2013. The Budget has been amended to reflect the
amount of tax Increment funds actually received In January 2013.