Loading...
HomeMy WebLinkAboutMemo - Omni CRA & Midtown CRA Budgets FY'14City of Miami Board of Commissioners Meeting September 26, 2013 OMNI AND MIDTOWN COMMUNITY REDEVELOPMENT AGENCIES INTER -OFFICE MEMORANDUM To: City Of Miami Commissioners Date: Sept. 13, 2013 File: Subject: Omni CRA and Midtown CRA Budgets for Fiscal Year 2014. From: Pieter A. Bockweg References: Executive Director _ 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 Omni Redevelpment District Community Redevelopment Agency ("Omni CRA"), and Midtown Community Redevelpment Agency ("Midtown CRA") Budgets for the fiscal year commencing October 1, 2013, and ending September 30, 2014. The fiscal year 2014 budgets of the Omni CRA and Midtown CRA will be approved by the CRA Board on September 12, 2013. 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.