HomeMy WebLinkAboutCRA-R-18-0039Southeast Overtown/Park West
Community Redevelopment Agency
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CRA Resolution: CRA-R-18-0039
File Number: 4775 Final Action Date:9/13/2018
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("CRA"),
WITH ATTACHMENT(S), APPROVING AND ADOPTING THE CRA'S
PROPOSED GENERAL OPERATING AND TAX INCREMENT FUND BUDGET
FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2018 AND ENDING
SEPTEMBER 30, 2019 SET FORTH IN EXHIBIT "A"; IN THE AMOUNT OF
$55,797,553.00, DIRECTING THE EXECUTIVE DIRECTOR TO TRANSMIT A
COPY OF SAID BUDGET TO THE CITY OF MIAMI AND MIAMI-DADE COUNTY.
WHEREAS, the Southeast Overtown/Park West Community Redevelopment
Agency ("CRA") 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; and
WHEREAS, as a prerequisite to carrying out redevelopment activities for Fiscal
Year commencing October 1, 2018 and ending September 30, 2019 ("FY 2019"), it is
required that the CRA's Board of Commissioners approve the CRA's proposed Fiscal
Year 2019 General Operating Budget and Tax Increment Fund Budget; and
WHEREAS, pursuant to Interlocal Agreements, a copy of CRA's budget is
required to be transmitted to the City of Miami ("City") and Miami -Dade County; and
WHEREAS, all the expenses included in the budget are in accordance with state
law, Interlocal Agreements, and the Plan; and
WHEREAS, in the event that the City authorizes a cost of living adjustment for all
City employees, the Executive Director, as a City employee, shall be entitled to the
same; and
WHEREAS, the Board of Commissioners wish to approve and adopt the CRA's
proposed General Operating and Tax Increment Fund Budget for the FY 2019 set forth
in Exhibit "A"; in the amount of $55,797,553.00; 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.
City of Miami Page 1 of 2 File ID: 4775 (Revision:) Printed On: 8/29/2025
File ID: 4775 Enactment Number: CRA-R-18-0039
Section 2. The Southeast Overtown/Park West Community Redevelopment
Agency's General Operating and Tax Increment Fund Budget for the Fiscal Year
commencing October 1, 2018 and ending September 30, 2019, set forth in Exhibit "A,"
in the amount of $55,797,553.00, is hereby approved and adopted.
Section 3. The Executive Director is directed to transmit a copy of said budget
to the City of Miami ("City") and Miami -Dade County.
Section 4. In the event that the City authorizes a cost of living adjustment for
all City employees, the Executive Director of the CRA, as a City employee, shall be
entitled to the same.
Section 5. This Resolution shall become effective immediately upon its
adoption.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
Giro itiius. Shiver, E cutive Director 9/5/2018
City of Miami Page 2 of 2 File ID: 4775 (Revision:) Printed on: 8/29/2025