HomeMy WebLinkAboutAgenda Item Summary FormC,AN UF..4y
AGENDA ITEM SUMMARY FORM
File ID: #12355
Date: 07/22/2022 Requesting Department: Downtown
Development Authority
Commission Meeting Date: 09/10/2022 Sponsored By:
District Impacted: All
Type: Resolution
Subject: Approve Tentative Budget FY '23 - 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, 2022 and ending September 30, 2023.
Background Information:
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 FY2021-2022 was based on ad valorem tax revenues of
$10,610,000. The proposed Miami DDA budget for FY2022-2023 is based on the
estimated ad valorem tax revenues of $11,520,000. This represents an increase in ad
valorem tax revenues of $910,000.
Attached for City Commission approval is an Appropriations Resolution for the Miami
DDA for fiscal year beginning October 1, 2022 and ending September 30, 2023.
Budget Impact Analysis
Item has NO budget impact
Total Fiscal Impact:
Item has NO budget impact.
Downtown Development Authority
Christina Crespi
Office of Management and Budget
Pedro Lacret
Office of Management and Budget
Marie Gouin
City Manager's Office
Arthur Noriega V
Legislative Division
Valentin J Alvarez
Office of the City Attorney
Xavier Alban
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
Reviewed By
Department Head Review
Completed
08/17/2022 2:12 PM
Budget Analyst Review
Completed
08/18/2022 6:07 PM
Budget Review
Completed
08/19/2022 12:08 PM
City Manager Review
Completed
08/22/2022 10:37 AM
Legislative Division Review
Completed
08/22/2022 12:29 PM
ACA Review
Completed
08/29/2022 5:53 PM
Approved Form and Correctness
Completed
08/29/2022 8:30 PM
Meeting
Completed
09/10/2022 10:00 AM
Signed by the Mayor
Completed
09/12/2022 1:25 PM
Signed and Attested by the City Clerk
Completed
09/12/2022 1:58 PM
Rendered
Completed
09/12/2022 1:58 PM
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11 °° Legislation 3500 Pan American Drive
g Miami, FL 33133
Resolution www.miamigov.com
Enactment Number: R-22-0310
File Number: 12355 Final Action Date:9/10/2022
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING AND ADOPTING THE PROPOSED ANNUAL BUDGET OF THE
DOWNTOWN DEVELOPMENT AUTHORITY ("MIAMI DDA") OF THE CITY OF MIAMI,
FLORIDA ("CITY"), ATTACHED AND INCORPORATED AS EXHIBIT "A," IN THE
TOTAL AMOUNT OF $18,725,000, 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, 2022, AND ENDING SEPTEMBER 30, 2023;
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, 2022, AND
ENDING SEPTEMBER 30, 2023, FOR THE OPERATIONS OF THE CITY.
WHEREAS, Section 14-59 of the Code of the City of Miami, Florida, as amended ("City
Code"), provides that the Downtown Development Authority ("Miami DDA") of the City of Miami,
Florida ("City") shall submit its proposed 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") 2022-2023 on July 15, 2022, pursuant to
Miami DDA Resolution 025/2022 in the total amount of $18,725,000.00; and
WHEREAS, the Miami DDA requests the approval of the proposed annual budget for the
FY commencing October 1, 2022, and ending September 30, 2023 in the total amount of
$18,725,000.00;
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 tentative annual budget, attached and incorporated as
Exhibit "A," in the total amount of $18,725,000.00, for the operations of the Miami DDA to
become the tentative annual budget, for the FY commencing October 1, 2022 and ending
September 30, 2023, 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
thus, 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 for the FY commencing October
1, 2022, and ending September 30, 2023.
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 ria i "ndez, Cify Attor iey 8/29/2022
' 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.