HomeMy WebLinkAboutSubmittal-Christina Crespi-Proposed BudgetMiami Downtown Development Authority SubTjtted into the public
ord for item(s) BH.4,
of the City of Miami on 09-10-2022, City Clerk
PROP O ED BUDGE
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12355 Submittal -Christina Crespi-Proposed Budget
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The Leadership, Advocacy, and Operations
Department of the Miami DDA manages the
daily operations in finances, human resources,
and strategy. It ensures compliance with various'
regulations as a governmental agency.
The Leadership Team also advocates at all
government levels — local, state, and federal -
prioritizing Downtown Miami, sufficient funding
allocations, project approvals, and positive
Legislative efforts.
% Economic & Business
Development
Miami DDA focuses on the recruitment of new -to -
market businesses, the growth of our existing business
ecosystem, and bolstering our talent base. The agency
' places a high amount of emphasis on the technology and
finance sectors. These efforts include incentive packages,
research assistance, talent recruitment, introduction to key
stakeholders, media exposure, and more.
As out population grows, the Miami DDA works
C_ closely with key stakeholders and our fellow
�C residents to ensure that we are creating a reliable and
C interconnected urban core that promotes equitable
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amobility for pedestrians, bicycles and transit, and
C creates people places that are safe and inviting,
fd Projects that promote these goals include the Baywalk
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& Riverwalk, Biscayne Green, Flagler Beautification,
the Downtown Mobility Network and the Underline.
Enhanced Services
The Miami DDA supports the small business community
by providing a variety of client -focused services including
permitting assistance, grant programs, site selection
services, training, and networking opportunities.
'der 4
The Miami DDA Enhanced Services teams are proudly
committed to improve public safety, cleanliness, and
collaborate in the efforts to reduce chronic homelessness.
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Through social media, refreshed style/branding
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guides, and promoting Downtown's unique
The Enhanced Services Programs include: :
lifestyle attributes and events, the Miami DDA
the Downtown Enhancement Team (DET), CRA
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increases awareness around our urban core's
Fnhancement Team, DWNTWN Ambassadors, NEAT Team,
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benefits. The Miami DDA's enhanced website is
Pit Stop Program and the Special Vending District.
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the information highway to all things happening
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in Downtown Miami.
The Miami DDA collaborates with the City of Miami,
Miami -Dade County NEAT Streets Miami, OMNI
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The Miami DDA promotes new businesses and
Community Redevelopment Agency, Bayfront Park, Miami
events to visitors, stakeholders, residents, and
Parking Authority, Camillus House, Lotus House, and :
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businesses via the website, the DWNTWNR
Chapman Partnership.
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e-newsletter, and social media outlets.
Submitted into the public
record for item(s) 13H.4,
on 09-10-2022, City Clerk
Submitted into the public
Miami DDA District Map record for item(s) 131-1.4,
on 09-10-2022. City Clerk
°°°°° = Budget Highlights:
$3.7M $980K $475K
00
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$876K $200K
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$1.4M $450K $725K
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Our Mission: -
is to grow, strengthen and promote the economic health and
vitality of Downtown Miami.
..�� BayWalk
As an autonomous agency of the City, the Miami DDA
advocates, facilitates, plans, and executes business
development, planning and capital improvements, and
marketing and
communication strategies.
We commit to fulfill our mission collaboratively, ethically and
professionally, consistent with the Authority's public purpose.
Vision:
Downtown Miami is the business, social and cultural epicenter
of the Americas, which capitalizes on its unique position as a
major world city in a tropical waterfront environment.
Submitted into the public
record for item(s) BJ
on 09-10-2022, City Clerk Miami DDA District Annual Taxable Value
$22.6 $24B
$22.6
$226
$20.6 111 111 $20B
$19.5
S1ss 111 1 $18B
16.7 111 1 111 1
515.1 111 1
$13.4 1 11
111 1
2014 2015 2016
0.478 0.4681 0 4681
Proposed Flat Millage =
0.4681
$16B
$14B
$12B
$10B
$8B
$6B
$4B
$2B
$0
2017 2018 2019 2020 2021 2022
0 a6Bt C4687 O.a681 0.4681 C4681 0.4681
,.P—A
Proposed Budget =
100% / $11,520,000
(collections)
Internal Proposed Budget =
95% / $10,944,000
(conservative approach on collection)
BUDGET SUMMARY
The Downtown Development Authority of the City of Miami, Florida
Fiscal Year 2022-2023
THE PROPOSED OPERATING BUDGET EXPENDITURES OF THE DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF
MIAMI ARE 33,67% MORE THAN LAST YEAR'S TOTAL OPERATING EXPENDITURES
GENERAL FUND
Revenue Sources
Ad Valor ern Tax Levy 0.4681 Millage per $1000 $ 11,520,000
Reimbursements 4,942,000
Total Resources 16,462,000
Reserve and Carryover 2.263,000
Total Revenues and Balances $18,725,000_
Operating Expenditures
General Expenses
$ 4,334,500
Leadership, Advocacy & Operations
1,281,500
Urbanism
9,198,000
Enterprise
3,335,000
Total Operating Expenditures
18,149,000
Fund Balances/Reserves
576,000.
Total Expenditures, Reserves, and Balances
$18,725,000 _
Manolo Reyes
Chairman
Commissioner, District 4,
City of Miami
Eileen Higgins
Vice -Chairwoman
Commissioner, District 5, Miami -
Dade County
Suzanne M. Amaducci-Adams
Bilzin Sumberg
2021-2022 Miami DDA Board of Directors
Alicia Cervera Lamadrid
Cervera Real Estate
T. Spencer Crowley III
Akerman
Jarred Diamond
The HEAT Group/FTX Arena
Arva Suzanne Graham Gibson
Arva G. Consulting, LLC
Philippe Houdard
Pipeline Workspaces
Danet Linares
Blanca Commercial Real Estate
Richard Lydecker
Lydecker Diaz Attorneys &
Counselors at Law
Jose Mallea
Biscayne Bay Brewing Company
41M IAM I DDA
DOWNTOWN DEVELOPMENT AUTHORITY
Nitin Motwani
Miami Worldcenter Associates
Gary Ressler
Tilia Family of Companies
Franklin Sirmans
Perez Art Museum Miami
Melissa Tapanes Llahues
Bercow Radell Fernandez Larkin
+ Tapanes
Executive Staff:
Christina Crespi
Executive Director
Miami Downtown Development Authority 1 200 S. Biscayne Blvd, Suite 2929 Miami, FL 33131 1 305.579.6675 1 miamidda.com
Submitted into the public
record for item(s) 131-1.4,
on 09-10-2022, City Clerk