HomeMy WebLinkAboutCRA-R-26-0016 MemorandumSEOPW Board of Commissioners Meeting
April 9, 2026
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Christine King Date: April 3, 2026
and Members of the CRA
Board File: 19144
From: James McQueen
Executive Director
Subject: Retroactively Approve and Adopt
SEOPW CRA Financial Statements
and Audit Report, FY 2025-26
Enclosures: File # 19144 Exhibit A
File # 19144 Exhibit B
BACKGROUND:
A Resolution of the Board of Commissioners of the Southeast Overtown/Park West Community
Redevelopment Agency ("SEOPW CRA"), with attachment(s), retroactively approving and adopting the
SEOPW CRA Financial Statements and Audit Report ("2025 Audit"), attached and incorporated herein as
Exhibits "A-B," respectively, for the fiscal year commencing October 1, 2024 and ending September 30,
2025 ("FY 2024-2025") ("Purpose").
It is recommended that the Board of Commissioners of the SEOPW CRA approve and adopt the attached
Resolution, retroactively approving and adopting the 2025 Audit for FY 2024-2025.
AGENDA ITEM
FINANCIAL INFORMATION FORM
SEOPW CRA
CRA Board Meeting Date: April 9, 2026
CRA Section:
Approved by:
Approval:
Executive Director 4/2/2026
Miguel A Valentin, Tiance Off;cer 4/2/2026
Page 2 of 4
Southeast Overtown/Park West
Community Redevelopment Agency
File Type: CRA Resolution
Enactment Number: CRA-R-26-0016
File Number: 19144 Final Action Date:4/9/2026
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW
CRA"), WITH ATTACHMENT(S), RETROACTIVELY APPROVING AND ADOPTING
THE SEOPW CRA FINANCIAL STATEMENTS AND AUDIT REPORT ("2025 AUDIT"),
ATTACHED AND INCORPORATED HEREIN AS EXHIBITS "A-B," RESPECTIVELY,
FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2024 AND ENDING
SEPTEMBER 30, 2025 ("FY 2024-2025"); PROVIDING FOR THE INCORPORATION
OF RECITALS AND AN EFFECTIVE DATE.
WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("SEOPW
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 ("Redevelopment Area") in accordance with the 2018 Updated Southeast Overtown/Park West
Redevelopment Plan (the "Plan"); and
WHEREAS, on October 24, 2025, the SEOPW CRA issued Request for Proposals ("RFP") #25-
07, inviting proposals from qualified audit firms to assist the SEOPW CRA in performing the necessary
financial audit services, as required by Section 218.39, Florida Statutes, and in accordance with
government auditing standards, as adopted by the Florida Board of Accountancy; and
WHEREAS, on November 17, 2025, the SEOPW CRA's Auditor Selection Committee
("Committee"), established through Resolution No. CRA-R-25-0065, adopted on October 23, 2025 by the
Board of Commissioners (`Board"), selected Richie Tandoc, P.A. ("Auditor"), to perform the necessary
financial audit services; and
WHEREAS, the Auditor has presented its results of the basic financial statements of the SEOPW
CRA, attached and incorporated herein as Exhibits "A-B," summarizing the audits, engagement, and key
observations and findings for Fiscal Year 2024-2025 ("FY 2024-2025"), including the communications
required by generally accepted professional standards and by Government Auditing Standards; and
WHEREAS, the Board of Commissioners wishes to retroactively approve and adopt the SEOPW
CRA's 2025 Audit Report for FY 2024-2025, as set forth in Exhibit "A-B"; and
WHEREAS, the SEOPW CRA and the Committee have dutifully complied with Section(s)
218.39 and 218.391, Florida Statutes; and
WHEREAS, the Board of Commissioners finds that adopting this Resolution would further the
redevelopment goals and objectives of the SEOPW CRA.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY:
Page 3 of 4
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 Committee recommends to the Board of Commissioners of the SEOPW
CRA that the 2025 Audit, attached and incorporated herein as Exhibits "A-B," be hereby retroactively
approved and adopted.
Section 3. The Board of Commissioners of the SEOPW CRA hereby approves and adopts
the 2025 Audit.
Section 5. Sections of this Resolution may be renumbered or re -lettered and corrections of
typographical errors which do not affect the intent may be authorized by the Executive Director, or the
Executive Director's designee, without need for public hearing, by filing a corrected copy of same with
the City of Miami City Clerk.
Section 6. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
r e Br 1_;ounsel 4/2/2026
Page 4 of 4