HomeMy WebLinkAboutAgenda Item Summary Form1IV OF
Hw `93 AGENDA ITEM SUMMARY FORM
File ID: #7808
o..Ryl.
Date: 08/28/2020 Requesting Department: Downtown
Development Authority
Commission Meeting Date: 09/24/2020 Sponsored By:
District Impacted:
Type: Resolution
Subject: Approve Annual Budget FY '21 - Downtown Development Authority
Purpose of Item:
The Miami Downtown Development Authority of the City of Miami ("Miami DDA")
requests that the City Commission adopt the attached Appropriations Resolution for the
fiscal year beginning on October 1, 2020 and ending September 30, 2021.
Background of Item:
Chapter 14 of the City of Miami Code authorizes the City Commission to levy an
additional ad valorem tax on all real and personal property within the Miami DDA for the
purpose of financing the operations of the Miami DDA.
The Miami DDA budget for FY2019-2020 was based on ad valorem tax revenues of
$9,920,000. The final Miami DDA budget for FY2020-2021 is based on the estimated
ad valorem tax revenues of $11,595,000.00. This represents an increase in ad valorem
tax revenues of $660,000.
Attached for City Commission approval is an Appropriations Resolution for the Miami
DDA for fiscal year beginning October 1, 2020 and ending September 30, 2021.
Budget Impact Analysis
Total Fiscal Impact:
N/A
Reviewed By
Downtown Development Authority Christina Crespi
Office of Management and Budget Pedro Lacret
Office of Management and Budget Christopher M Rose
City Manager's Office
Fernando Casamayor
City Manager's Office
Arthur Noriega V
Legislative Division
Valentin J Alvarez
Office of the City Attorney
Barnaby L. Min
Office of the City Attorney
Victoria Mendez
City Commission
Nicole Ewan
Office of the Mayor
Mayor's Office
Office of the City Clerk
City Clerk's Office
Office of the City Clerk
City Clerk's Office
Department Head Review
Completed
09/08/2020 1:59 PM
Budget Analyst Review
Completed
09/11/2020 1:36 PM
Budget Review
Completed
09/13/2020 8:02 AM
Assistant City Manager Review
Completed
09/13/2020 3:34 PM
City Manager Review
Completed
09/14/2020 8:39 AM
Legislative Division Review
Completed
09/14/2020 6:00 PM
Deputy City Attorney Review
Completed
09/15/2020 8:40 AM
Approved Form and Correctness
Completed
09/15/2020 4:30 PM
Meeting
Completed
09/24/2020 5:05 PM
Signed by the Mayor
Completed
09/25/2020 3:02 AM
Signed and Attested by the City Clerk
Completed
09/25/2020 3:05 AM
Rendered
Completed
09/25/2020 3:05 AM
City of Miami
Legislation
Resolution
Enactment Number: R-20-0306
File Number: 7808
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Final Action Date:9/24/2020
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING AND ADOPTING THE FINAL ANNUAL BUDGET OF THE DOWNTOWN
DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA ("MIAMI DDA"),
ATTACHED AND INCORPORATED AS COMPOSITE EXHIBIT "A", IN THE TOTAL
AMOUNT OF $11,595,000.00 AND MAKING APPROPRIATIONS FROM THE
DOWNTOWN DEVELOPMENT DISTRICT AD VALOREM TAX LEVY AND OTHER
MISCELLANEOUS INCOME FOR THE MIAMI DDA FOR THE FISCAL YEAR
BEGINNING OCTOBER 1, 2020 AND ENDING SEPTEMBER 30, 2021;
AUTHORIZING THE MIAMI DDA TO MAKE TRANSFERS BETWEEN ACCOUNTS
FOR NECESSARY AND PROPER PURPOSES; AUTHORIZING THE MIAMI DDA TO
INVITE AND ADVERTISE REQUIRED BIDS; PROVIDING THAT THIS RESOLUTION
BE DEEMED SUPPLEMENTAL AND IN ADDITION TO THE RESOLUTION MAKING
APPROPRIATIONS FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2020 AND
ENDING SEPTEMBER 30, 2021 FOR THE OPERATIONS OF THE CITY OF MIAMI.
WHEREAS, Section 14-59 of the Code of the City of Miami, Florida, as amended ("City
Code"), provides that the Downtown Development Authority of the City of Miami, Florida ("Miami
DDA") shall submit its final annual budget for its operations to the City Commission for approval;
and
WHEREAS, the Board of Directors of the Miami DDA approved and adopted the Miami
DDA's proposed annual budget for Fiscal Year (TY") 2020-2021 on July 10, 2020 pursuant to
Miami DDA Resolution No. 025/2020 in the total amount of $11,595,000.00, attached and
incorporated as Composite Exhibit "A"; and
WHEREAS, on September 10, 2020, the City Commission approved the Miami DDA's
proposed budget for FY 2020-2021 in the total amount of $11,595,000.00 to become the Miami
DDA's tentative budget ("Budget"); and
WHEREAS, Section 200.065(2)(c), Florida Statutes, requires the City Commission to
hold a duly noticed first budget public hearing on the Budget and tentative millage rate which
occurred on September 10, 2020 and to hold a duly noticed second public hearing on the final
budget and the final millage rate, which occurred earlier today during this meeting; and
WHEREAS, the Miami DDA requests the City Commission's approval of the Budget to
become the final annual budget for the FY commencing October 1, 2020 and ending September
30, 2021 in the total amount of $11,595,000.00, attached and incorporated as Composite
Exhibit "A";
NOW, THEREFORE, BE IT RESOLVED, BY THE COMMISSION 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 as if fully set forth in this Section.
Section 2. The Miami DDA's Budget, attached and incorporated as Composite Exhibit
"A", in the total amount of $11,595,000.00 for the operations of the Miami DDA to become the
final annual budget for the FY commencing October 1, 2020 and ending September 30, 2021 is
approved and adopted and appropriations are made from the Downtown Development District
ad valorem tax levy and other miscellaneous income for the Miami DDA.
Section 3. The abovementioned operating expenditures are merely anticipatory and the
Board of Directors of the Miami DDA is hereby authorized' to withhold any of these appropriated
funds from encumbrance or expenditure should such action appear advantageous to the
economic and efficient operation of the Miami DDA.
Section 4. The Miami DDA is authorized' to make transfers between the detailed
accounts comprising any of the amounts appropriated in Section 2 above so that any available
and required balance in such accounts may be used for other necessary and proper purposes.
Section 5. Subject to Chapter 18 of the City Code, the Miami DDA is further authorized'
to solicit bids for the purposes of procuring any materials, supplies, equipment, and services
embraced in the amounts appropriated in Section 2 above for which formal bidding is required
with such bids being returnable as required by law.
Section 6. This Resolution shall be deemed supplemental and in addition to the
Resolution making appropriations for the operations of the City of Miami for the FY commencing
October 1, 2020 and ending September 30, 2021.
Section 7. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.2
APPROVED AS TO FORM AND CORRECTNESS:
1
i ft6ria i "ndez, City Attor i ey 9/1512020
' The herein authorization is further subject to compliance with all legal requirements that may be
imposed, including but not limited, to those prescribed by applicable City Charter and City Code
provisions.
Z If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days
from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective
immediately upon override of the veto by the City Commission.