HomeMy WebLinkAboutItem #79 - First Reading OrdinanceJ-96-1073
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ORDINANCE NO. V
AN 41i2DINAN0%-E UAVINn APOWNPR1ATIfild Ern^" I"NE
DOWNTOWN DEVELOPMENT DISTRICT" AD VALOREM
TAX LEVY AND OTHER MISCELLANEOUS INCOME FOR
THE DOWNTOWN DEVELOPMENT AUTHORITY OF THE
CITY OF MIAMI, FLORIDA, FOR THE FISCAL YEAR
BEGINNING OCTOBER 1, 1996 AND ENDING
SEPTEMBER 36, 199T; AUTHORIZING THE DOWNTOWN
DEVELOPMENT AUTH6RITY TO INVITE OR AOVERTISE
REQUIRED BIDS; PROVIDING FOR BUDGETARY
FLEXIBILITY; PROVIDING THAT THIS ORDINANCE BE
DEEMED SUPPLEMENTAL AND IN ADDITION TO THE
ORDINANCE MAKING APPROPRIATIONS FOR THE
FISCAL. YEAR BEGINNING OCTOBER 1s 1996 AND
.'ENDING SEPTEMBER 30, 1997 FOR OPERATIONS FOR
THE CITY OF MIAMI; CONTAINING A REPEALER
PROVISiONP SEVERABILITY CLAUSE AND PROVIDING
FOR AN EFFECTIVE DATE.
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WHEREAS, the Beerd of Directors of the Downtown
Development . Authority of the City of Mlani$, Florida has approved
and submitted to tho Clty . lesion a budget estimate of the
expenditures. and rove f the Downtown Devolopment
Authority for the Fly al r boginning October 1, 1996 ,and ending
September 36 9T ,s prepared by tho Executivo Director of the
Downtow D ant Authority, copies of such estimates having
been v lable in the newspapers of the City; end
{REA% the City Commission has reviewed the Downtown
Development Authority's Budget;