HomeMy WebLinkAboutBack-Up DocumentCity of Miami Board of Commissioners Meeting
July 12, 2018
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Keon Hardemon Date: June 4, 2018 File:
Subject: RESOLUTION APPROVING THE ANNUAL
GENERAL OPERATING AND TAX
INCREMENT FUND AMENDED BUDGET OF
THE SOUTHEAST OVERTOWN/PARK
WEST COMMUNITY REDEVELOPMENT
AGENCY ("SEOPW CRA"), IN THE AMOUNT
OF $55, 963.379.00, FOR THE FISCAL
YEAR COMMENCING OCTOBER 1, 2017,
AND ENDING SEPTEMBER 30, 2018
From: Cornelius Shiver References:
Executive Director
Enclosures: Legislation
BACKGROUND:
It is recommended that the Board of Commissioners of the City of Miami 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, 2017 ending September 30, 2018.
JUSTIFICATION:
On March 29, 2018, the CRA's Board of Commissioners, by Resolution No. CRA-R-18-0012 approved and
adopted the Tax Increment Fund and General Operating Budget for FY 2017-2018 based on estimates of tax
increment funds expected to be received in early January 2018. The Budget has been amended to reflect the
amount of tax increment funds actually received in January 2018 from each taxing authority that contributes to the
CRA's Redevelopment Trust Fund.