HomeMy WebLinkAboutR-87-0902J-8)-638
9/4/87
RESOLUTION NO.
A RESOLUTION AUTHOR I7,L NG THE EXECUTIVE.
DIRECTOR OF THE DOWNTOWN DEVELOPMENT
AUTHORITY (DDA) TO EXPEND FUNDS FROM
THE CAPITAL RESERVE LINE ITEM OF THE
DDA'S APPROVED FISCAL. YEAR 1987
OPERATING BUDGET FOR DOWNTOWN STUDIES,
BEAUTIFICATION, MARKETING AND CAPITAL
IMPROVEMENT PROJECTS AND TO REIMBURSE
APPROXIMATELY $49,000 TO THE DADE
COUNTY TAX COLLECTOR.
WHEREAS, the Commission directed the Downtown
Development Authority to hold funds ($291,593) from its
approved fiscal year 1987 budget in reserve for use, if
needed, to fund its fiscal year 1988 budget; and
WHEREAS, recently adopted State Legislation has assured
full funding capability for the Downtown Development
Authority for fiscal year 1988 and succeeding years, and;
WHEREAS, the Downtown Development Authority desires to
expend a portion of the funds held in reserve for studies,
beautification, marketing , capital improvements, and other
costs related to the Downtown Master Plan and DRI,and for
projects resulting from discussions with the Brickell
Association, the Downtown Miami Business Association, the
Omni/Venetia Action Committee; and
WHEREAS, approximately $49,000 must be reimbursed to
the Dade County Tax Collector for taxes wrongly collected by •
the County from 1984 - 1986 and dispersed to DDAj
NOW,THEREFORE, BE IT RESOLVED BY THE COMMISSION OF
THE CITY OF MIAMI, FLORIDA:
Section 1. The Executive Director of the Downtown
Development Authority is hereby authorized to expend funds
($291,593) identified as Capital Reserve in the approved
fiscal year 1987 Operating Budget of the Downtown
t
Development Authority for studies, beautification, CITY COMM$$IM
MEETING OF
OCT 22 IN7
marketing, capital improvements, and other costs related to
the Downtown Master Plan and DRT and for projects resulting
from discussions with the BrickelI Association, the
Downtown Miami Business Association, and the Omni/Venetia
Action Committee and to reimburse approximately $49,000 to
the Dade County Tax Collector for taxes wrongly collected
on behalf of and remitted to the DDA between 1984 - 1986.
PASSED AND ADOPTED this 22nd day
MAYOR
ATTEST:
HIRAI, CITY CLERK
PREPARED AND APPROVED BY:
- G
ROBERT F. CLARK
CHIEF DEPUTY
CITY ATTORNEY
APPROVED,(S)TO FORM AND CORRECTNESS:
IA A. DOUGHEPY, CITY ATTORNEY
8 / -90Z.
2
1 FLORIDA 0 4
CITY OF MIAM . LOFT
INTER -OFFICE MEMORANDUM
To Honorable Mayor and Members
City of Miami Commission
FROM Cesar Odio
City Manager 40..
Recommendation
DATE: AU G 3 11987 FILE:
SUBJECT: Resolution authorizing
the Downtown Development Authority
to expend funds heretofore restricted
from the Fy'87 budget.
REFERENCES:
ENCLOSURES:
It is recommended that the City Commission adopt the attached
Resolution authorizing the Downtown Development Authority to expend
the capital reserve line item ($291,593) from the approved DDA Fy'87
Budget.
Background
During the Fy'87 Budget Workshops, Commissioner Plummer directed the
DDA to prepare the Fy'87 budget so that approximately $300,000 in
anticipated revenues could be set aside in a reserve fund and used to
support DDA in Fy'88 in case the 1987 State Legislature did not remove
the DDA's millage from the City's millage calculation thus
perpetuating DDA's funding problems.
Fortunately, legislation was adopted during the 1987 legislative
session that resulted in DDA being permanently defined as an
"independent district" for millage calculation purposes. This
legislation permits the City to collect up to 1/2 mill to support the
Downtown Development Authority regardless of the City's millage rate.
Enclosed is DDA Resolution 4/87 adopted on June 12, 1987, requesting
the City Commission to remove restrictions on the expenditure of
$291,593 being held by DDA in its capital reserve fund. The money
will be used to fund Downtown studies, beautification, marketing
(special events) and capital improvement projects identified in the
Downtown Master Plan and/or resulting from discussions with the
Brickell Association, the Downtown Miami Business Association, and the
Omni/Venetia Action Committee. Further, these funds would also be
used to fund the Fy'87 portion of the City's agreement with Joyce
Meyers regarding the completion of the Downtown DRI and Master Plan.
Approximately $49,000 of these funds will have
Dade County Tax Collector since approximately
taxable property has been improperly included
Assessor within the DDA tax district between
error was just recently discovered.
to be returned to the
$61,000,000 worth of
by the Dade County Tax
Fy'85 and Fy'87. This
Zia? --1
8-sV
10-*.S1►1.11T 1 ON NO, 4/87
A 1;1:S01.IITION ItEQ11I;ST1 NG rIIE CI'rY
coMMI tiff I ON ru ItI:MOVi. RESTRICTIONS
ON 'flit: Il;ils 01' $ 29 1 , 591 FROM THE. DDA
t' Y ' t9 7 BUDGET VOR USE IN DOWNTOWN
NI:Awr I F I CATION, MARKR'r1 NG, AND
' ' C,-I'rA1. 1MPROVI;MI.NT Pit 0.1E CTS.
WItFREAS, t ht. Ci t y commi .,,. I oii lens rl-tit ri ct vd use of $291 ,593
frum the Downtown Development Authority's Fy'87 Budget pending a
resolution of DDA':; taxini; cnpnhiltty status; and
:JItER.EAS. the Downtown Development Authority is no longer
subject to the City's 10 mill cap as A result of action by the
Stnt(- Legtslature, thus insuring a continuing source of tax
revenue~; and
WHEREAS. the Downtown Development Authority in conjunction
with the Downtown Miami Iluminesx Association, the Briekell Area
Association, t1►e Omni/Venetia Action Committee, and the City's
Planning DepArtment tins established beautification. marketing and
capital improvement projects for the various sub -areas of
Downtown Miami.
NOW THEREFORE, BE I'r RESOLVED BY THE BOARD OF THE DOWNTOWN
DEVELOPMENT AUTIiORt TY OF THE CITY OF MIAMI. that:
Section 1. The City Cotamisston is hereby reque:;ted to
remove restrictions on the use of $291,593 from the DDA
Fy'87 Budget to enable the Downtown Development Authority to
accomplish heautification, marketing and capital improvement
projects in the various suh-areas, of Downtown Miami.
PASSED AND ADOPTED THIS I-1 DAY OF �'�- ,�987
a'
i
JP
Exec tive Secrut.t.
XHayor Xavier L 3uarei
Chat rman
PP
Kea RW
Executive Director
S'�-9p2 42