HomeMy WebLinkAboutMemo - Midtown CRAMIDTOWN COMMUNITY REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Manolo Reyes Date: September 26, 2019
and Members of the CRA Board
Subject: Midtown CRA's 2020 Proposed Budget
From: Pieter A. Bockweg )1 References:
Executive Director
Enclosures: Legislation
File:
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
2020 proposed budget of the Midtown Community Redevelopment Agency in the amount of $8,883,704, for the
fiscal year commencing October 1, 2019 ending September 30, 2020. Further directing the Executive Director to
transmit a copy of the 2020 proposed 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.