HomeMy WebLinkAboutMCRA-R-18-0001 MemorandumMidtown Board of Commissioners Meeting
September 27, 2018
MIDTOWN COMMUNITY REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
Board Chair Ken Russell Date: September 27, 2018
4755
and Members of the CRA Board
From:Anthony Balzebre III
Executive Director
Subject: Midtown CRA Amended Budget for
FY ' 17-' 18
Enclosures: 4755 Exhibit A
BACKGROUND:
It is recommended that the Board of Commissioners of the Midtown Redevelopment District
Community Redevelopment Agency ("CRA") approve and adopt the attached Resolution, with
attachment(s), adopting the 2018 amended budget of the Midtown Community Redevelopment
Agency in the amount of $6,628,202.00 for the fiscal year commencing October 1, 2017 ending
September 30, 2018. Further directing the Executive Director to transmit a copy of each budget
to the City of Miami and Miami -Dade County.
JUSTIFICATION:
The Interlocal Agreement requires the Midtown CRA to annually prepare a proposed budget
and to amend the budget so as to reflect the actual tax increment funds received in the fiscal
year.
This Resolution fulfills this requirement.
City of Miami
Legislation
Midtown CRA Resolution
MCRA-R-18-0001
Midtown CRA
1401 N. Miami Avenue
Miami, FL 33136
www.miamicra.com
File Number: 4755 Final Action Date: 9/27/2018
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE MIDTOWN
COMMUNITY REDEVELOPMENT AGENCY ("CRA"), WITH ATTACHMENT(S),
ACCEPTING AND APPROVING THE 2018 AMENDED BUDGET OF THE MIDTOWN
COMMUNITY REDEVELOPMENT AGENCY, ATTACHED AND INCORPORATED AS
EXHIBIT "A", IN THE AMOUNT OF $6,628,202, FOR THE FISCAL YEAR
COMMENCING OCTOBER 1, 2017 AND ENDING SEPTEMBER 30, 2018;
DIRECTING THE EXECUTIVE DIRECTOR TO TRANSMIT A COPY OF EACH
BUDGET TO THE CITY OF MIAMI AND MIAMI-DADE COUNTY.
WHEREAS, the Midtown Community Redevelopment Agency ("CRA") is responsible for
carrying out community redevelopment activities and projects within its Redevelopment Area;
and
WHEREAS, it is necessary to amend the 2018 budget to reflect the actual tax increment
funds received in the 2017-2018 Fiscal Year; and
WHEREAS, pursuant to an Interlocal Agreement, as amended, which the CRA is a party
to, a copy of each budget is to be transmitted to the City of Miami and Miami -Dade County;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF
THE MIDTOWN COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI,
FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
approved by reference and incorporated as if fully set forth in this Section.
Section 2. The Board of Commissioners of CRA hereby approves and adopts the 2018
amended budget for the fiscal year commencing October 1, 2017 ending September 30, 2018.
Section 3. The Executive Director is directed to transmit a copy of each 2018 amended
budget to the City of Miami and Miami -Dade County
Section 4. This Resolution shall become effective immediately upon its adoption
APPROVED AS TO FORM AND CORRECTNESS:
VICTORIA MENDEZ, GENERAL COUNSEL