HomeMy WebLinkAboutMemo - SEOPW CRA Amended Tax Increment FundCity of Miami Board of Commissioners Meeting
June 9, 2016
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTEROFFICE MEMORANDUM
To: City of Miami Commissioners Date: May 3, 2016 File:
Subject: SEOPW CRA Amended Tax Increment Fund
Budget for FY 2016.
From: Clarence E. Woods, III k References:
Executive Director
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, 2015 ending September 30, 2016.
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 Interlace! 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.