CITY OF HALLANDALE BEACH

MEMORANDUM

 

 

DATE:             February 25, 2008      

 

TO:                  D. Mike Good, City Manager              

 

FROM:            Richard D. Cannone, Director of Development Services     

 

SUBJECT:     Approval of Community Redevelopment Agency Annual Report for Fiscal Year 2006/2007 -   CAD# 019/02

 

 

 


PURPOSE:

 

City Commission and CRA Board of Directors approval of the FY 2006-2007 Community Redevelopment Agency (CRA) Annual Report.

 

BACKGROUND:

 

Pursuant to Chapter 163 of the Florida Statutes, the Hallandale Beach Community Redevelopment Agency (CRA) must file a report of its activities for Fiscal Year 2006-2007 (ending September 30, 2007) on or before March 31, 2007.  The report is to be provided to the State Auditor General and each of the taxing authorities that contribute to Tax Increment Financing: City of Hallandale Beach, Broward County, South Broward Hospital District and the Children’s Services Council of Broward County.

 

Florida Statutes Chapter 163 requires that the CRA publish a notice in a newspaper of general circulation that the report has been filed with the City and that the report is available for inspection in the City Clerk’s Office.  The notice for publication is set for publication on March 20, 2008 in the Sun-Sentinel newspaper as a legal notice.

 

DISCUSSION:

 

Attached for review and approval is the 2006-2007 CRA Annual Report consisting of a narrative and a section entitled “Hallandale Beach CRA Comparison of Agency Goals, Objectives and Policies to the Fiscal Year 2006-2007 Annual Program Accomplishments”.  This section is mandated by Broward County Administrative Code. 

 

It should be noted that a requirement of the C.R.A Annual Report is to include a copy of the City’s Annual Financial Audit, which is currently being performed by external auditors (McGladry, Pollen & Associates).  The Hallandale Beach CRA is a component part of the City of Hallandale Beach and is part of the City’s audit.  The City’s Annual Financial Audit for FY 2006-2007 has not yet been completed and it is anticipated that the March 31st, 2008 submittal date will be satisfied. 

 

 

The purpose of the report is to have the State and the contributors to the Tax Incremental Financing (T.I.F) review the activities of the CRA and have the CRA Board asses the CRA’s activities and to help the Board plan for the future.

 

RECOMMENDATION:

 

The City Commission and the CRA Board of Directors approve the attached Fiscal year 2006-2007 CRA Annual Report and transmit the report to Broward County, the South Broward Hospital District and the Children Services Council of Broward County.

 

 

 

 

Prepared by: ____________________________________

                      Kenrick Pierre, Executive CRA Administrator

 

 

Reviewed:

 

  

_______________________________                                                          __________

D. Mike Good, City Manager                                                                             Date

 

 

_____Approved                _____Disapproved                _____Hold for Discussion