HomeMy WebLinkAboutBack-Up DocumentSUPPORTING
DOCUMENTATION
SEOPW Boarclof Commissioners Meeting
March 30, 2016
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Keon Hardemon
and Members of the CRA Board
ljFrom: Ce larence E. Woods, HI References:
Executive Director
Date: March 21, 2016 File: 16-00166
BACKGROUND:
Subject: Resolution Approving the CRA's FY 2016
Amended Budget.
Enclosures: Legislation
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, 2015
ending September 30, 2016,
JUSTIFICATION:
On July 27, 2015, the CRA's Board of Commissioners, by Resolution No. CRA-R-16-0028 approved and
adopted the Tax Increment Fund and General Operating Budget for FY 2016 based on estimates of tax
increment funds expected to be received In early January 2016, The Budget has been amended to reflect the
amount of tax Increment funds actually received in January 2016 from each taxing authority that contributes to
the CRA's Redevelopment Trust Fund,