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HomeMy WebLinkAboutR-21-0369City of Miami tn�l6_OF Fa. V Legislation *tliti fill! IiRl 11 +*� Resolution: R-21-0369 File Number: 9477 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Final Action Date: 9/13/2021 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE COCONUT GROVE BUSINESS IMPROVEMENT DISTRICT ("BID"), ATTACHED AND INCORPORATED AS EXHIBIT "A," IN THE TOTAL AMOUNT OF $5,334,482.00 TO PROVIDE FOR THE MANAGEMENT, OPERATION, AND MAINTENANCE OF THE BID FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2021 AND ENDING SEPTEMBER 30, 2022. WHEREAS, the City of Miami ("City") established, approved, and created the Coconut Grove Business Improvement District ("BID") pursuant to Ordinance No. 13059 adopted March 12, 2009, as subsequently amended by Ordinance No. 13171 adopted May 13, 2010 and Ordinance No. 13255 adopted March 10, 2011 and as re-established and approved pursuant to Resolution No. R-19-0024 adopted January 19, 2019 and Ordinance No. 13833 adopted April 25, 2019; and WHEREAS, the BID was re-established to stabilize and improve retail and other businesses within Coconut Grove through promotion, management, marketing, and other similar services including, but not limited to, coordination, funding, implementation, and maintenance of infrastructure improvements and other projects; and WHEREAS, Section 2-1257 of the Code of the City of Miami, Florida, as amended, provides that the BID shall submit its annual budget for its management, operation, and maintenance to the City Commission for approval; and WHEREAS, the BID's Board of Directors reviewed and approved the BID's annual budget for Fiscal Year 2021-2022 on July 27, 2021 in the total amount of $5,334,482.00, attached and incorporated as Exhibit "A;" and WHEREAS, the BID requests the approval of the budget for the Fiscal Year commencing October 1, 2021 and ending September 30, 2022 in the amount of $5,334,482.00, attached and incorporated as 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 BID's annual budget in the total amount of $5,334,482.00, attached and incorporated as Exhibit "A", for the Fiscal Year commencing October 1, 2021 and ending September 30, 2022 is approved and adopted. City of Miami Page 1 of 2 File ID: 9477 (Revision:) Printed On: 912412021 File ID: 9477 Enactment Number: R-21-0369 Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.' APPROVED AS TO FORM AND CORRECTNESS: 1 &ina z, ity ttor ey 8/1712021 ' 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. City of Miami Page 2 of 2 File ID: 9477 (Revision:) Printed on: 912412021