HomeMy WebLinkAboutCRA-R-18-0038Southeast Overtown/Park West
Community Redevelopment Agency
Legislation
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CRA Resolution: CRA-R-18-0038
File Number: 4774 Final Action Date:9/13/2018
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY, WITH
ATTACHMENT(S), DE -ALLOCATING $6,895,418.00 IN UNUSED FUNDS
ASSOCIATED WITH PREVIOUSLY DESIGNATED PROJECTS, AS MORE
SPECIFICALLY SET FORTH IN EXHIBIT "A."
WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency
("CRA") is a community redevelopment agency created pursuant to Chapter 163, Florida
Statutes, and is responsible for carrying out community redevelopment activities and projects
within its Redevelopment Area in accordance with the 2009 Southeast Overtown/Park West
Redevelopment Plan ("Plan"); and
WHEREAS, the Board of Commissioners, designated and, authorize funding for various
projects; and
WHEREAS, there now remains $6,895,418.00 in unused funds from these previously
designated projects, as more specifically set forth in Exhibit "A;" and
WHEREAS, the Board of Commissioners wishes to authorize the de -allocation of
$6,895,418.00 in unused funds from these previously designated projects, to be transferred to the
CRA's Unrestricted Fund Balance in order to fund new or existing projects, set forth in Exhibit
"A;" and
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF
THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated herein as if fully set forth in this Section.
Section 2. The unused funds in the amount of $6,895,418.00, associated with the
previously authorized projects, as more specifically set forth in Exhibit "A," are de -allocated.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
Come us hiver, Executive Director
9/5/2018
City of Miami Page 1 of 1 File ID: 4774 (Revision: A) Printed On: 8/29/2025