HomeMy WebLinkAboutMemo - SEOPW CRACity of Miami Board of Commissioners Meeting
April 9, 2015
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTEROFFICE MEMORANDUM
To: City of Miami Commissioners Date: March 4, 2015 File:
From: Clarence E. Woods, III " "
Executive Director
Subject: SEOPW CRA Amended Tax Increment Fund
Budget for FY 2015.
References:
Enclosures: Legislation
BACKGROUND:
It is recommended that the Board of Commissioners of the City of Miami approve the attached Resolution
accepting and adopting the amended budget of the Southeast Overtown/Park West Community Redevelopment
Agency for the fiscal year commencing October 1, 2014 and further amending the Debt Service Fund
appropriation in the Adopted Budget of $8,909,873 to $7,386,180 for fiscal year ending September 30, 2015.
JUSTIFICATION:
The CRA is required to annually prepare a proposed budget and transmit said budget to the City of Miami and
Miami -Dade County pursuant to Article VI, paragraph 6.1(b), of the Interlocal Cooperation Agreement, dated
March 1, 2000, between the City of Miami, the Southeast Overtown/Park West Community Redevelopment
Agency, and the Omni Redevelopment District Community Redevelopment Agency, as revised and amended.
This resolution fulfills that requirement.