HomeMy WebLinkAboutMCRA-R-18-0002 MemorandumMidtown Board of Commissioners Meeting
September 27, 2018
MIDTOWN COMMUNITY REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Ken Russell
and Members of the CRA Board
From:Anthony Balzebre III
Executive Director
Date: August 31, 2018 File: 4756
Subject: Midtown CRA's Proposed Budget for
FY'18-'19
Enclosures: 4756 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 2019 proposed budget of the Midtown Community Redevelopment
Agency in the amount of $6,818,257.00 for the fiscal year commencing October 1, 2018 and
ending September 30, 2019. 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.
This Resolution fulfills this requirement.
City of Miami
Legislation
Midtown CRA Resolution
MCRA-R-1 8-0002
Midtown CRA
1401 N. Miami Avenue
Miami, FL 33136
www.miamicra.com
File Number: 4756 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 2019 PROPOSED BUDGET OF THE MIDTOWN
COMMUNITY REDEVELOPMENT AGENCY, ATTACHED AND INCORPORATED AS
EXHIBIT "A", IN THE AMOUNT OF $6,818,257, FOR THE FISCAL YEAR
COMMENCING OCTOBER 1, 2018 AND ENDING SEPTEMBER 30, 2019;
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, as a prerequisite to carrying out the redevelopment activities for Fiscal Year
2018-2019, the Board of Commissioners of the CRA must approve the proposed Tax Increment
budget for the fiscal year commencing October 1, 2018 ending September 30, 2019.
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 2019
proposed budget for the fiscal year commencing October 1, 2018 ending September 30, 2019
respectively.
Section 3. The Executive Director is directed to transmit a copy of 2019 proposed 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