HomeMy WebLinkAboutItem #60 - First Reading OrdinanceJ-93-563
8/11/93
ORDINANCE NO.
AN ORDINANCE MAKING APPROPRIATIONS FROM THE DOWNTOWN
DEVELOPMENT DISTRICT AD VALOREM TAX LEVY AND OTHER
MISCELLANEOUS INCL&Tv FOR THE DCMNIUM DEVELOPMENT
AUTHORITY OF THE CITY OF MI II, FLORIDA, FOR THE
FISCAL YEAR BEGINNING OCTtOBER 1, 1993, AND ENDING
SEPTEMBER 30, 1994; AUTHORIZING THE EXECUTIVE DIRECTOR
OF THE DOWN UM DEVELOPMENT AUTHORITY TO INVITE OR
ADVERTISE REQUIRED BIDS; PROVIDING FOR BUDGETARY
FLEXIBILITY; PROVIDING THAT THIS ORDINANCE BE DEEMED
SUPPLEMENTAL AND IN ADDITION TO THE ORDINANCE MAKING
APPROPRIATIONS FOR 'HE FISCAL YEAR BEGINNING
OCTtOBER 1, 1993, AND HE
SEPTEMBER 30, 1994, FOR
THE OPERATIONS OF TM' CITY OF MIAMI; CONTAINING A
REPEALER PROVISION, SEVERABILITY CLAUSE AND PROVIDING
FOR AN EFFECTIVE DATE.
WHEREAS, the Board of Directors of the Downtown Development Authority of
the City of Miami, Florida,has approved and submitted to the City Ccrmission a
Budget Estimate of the exIpe; d ' tunes and revenues of the Downtown Development
Authority for the F�scal Year begiruu.ng 0, #6ber 1, 1993, and ending
September 30, 19L94),__ as prepared by ' 6pcutive Director of the Downtown
Development Autihorty, copies of such, estimates having been made available to
the news �Pa � o rs of the City;�
and .,
MEREAS, the City Ca mission has reviewed the Downtown Development
Authority's Budget;
NOW, TEMUMRE, BE IT ORDAINED BY THE CCVMSSION OF THE CITY OF MIAMI,
FWRIDA:
Section 1. The recitals and findings contained in the Preamble to
this Ordinance are hereby adopted by reference thereto and incorporated herein
as if fully set forth in this Section.