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HomeMy WebLinkAboutR-22-0373City of Miami Resolution R-22-0373 alldl 11 li.Rl I + Legislation File Number: 12459 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Final Action Date: 9/22/2022 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 IN COMPOSITE EXHIBIT "A", IN THE TOTAL AMOUNT OF $18,725,000.00, 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, 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 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 2022-2023 on July 15, 2022 pursuant to Miami DDA Resolution 025/2022 in the total amount of $18,725,000.00, attached and incorporated as Composite Exhibit "A;" and WHEREAS, on September 10, 2022, the City Commission held its duly noticed first budget public hearing on the proposed budget and tentative millage rate and adopted Resolution No. R-22-0310 wherein it approved the Miami DDA's proposed annual budget for Fiscal Year 2022-2023 in the total amount of $18,725,000.00 to become the Miami DDA's tentative budget; and WHEREAS, Section 200.065(2)(c), Florida Statutes, requires the City Commission to hold a duly noticed second public hearing on the final budget and the final millage rate, which duly noticed second public hearing occurred today; and WHEREAS, the Miami DDA requests the City Commission's approval of the tentative budget to become the Miami DDA's final annual budget for the Fiscal Year commencing October 1, 2022, and ending September 30, 2023, in the total amount of $18,725,000.00, attached and incorporated as Composite Exhibit "A;" City of Miami Page 1 of 2 File ID: 12459 (Revision:) Printed On: 101712022 File ID: 12459 Enactment Number: R-22-0373 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 tentative annual budget, attached and incorporated in Composite Exhibit "A," in the total amount of $18,725,000.00, for the operations of the Miami DDA to become the final annual budget of the Miami DDA for the Fiscal Year 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 Fiscal Year 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: r i t6ria i nd" ez, City Attor iey 9/1312022 ' 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. 2 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: 12459 (Revision:) Printed on: 101712022