HomeMy WebLinkAboutResolution 2RESOLUTION NO. /2009
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
MIAMI DOWNTOWN DEVELOPMENT AUTHORITY ("DDA")
OF THE CITY OF MIAMI, FLORIDA, APPROVING THE
PRELIMINARY ANNUAL BUDGET OF THE MIAMI
DOWNTOWN DEVELOPMENT AUTHORITY FOR THE
FISCAL YEAR BEGINNING OCTOBER 1, 2009 AND ENDING
SEPTEMBER 30, 2010, REQUESTING THAT THE MIAMI
CITY COMMISSION ESTABLISH THE MILLAGE TO
SUPPORT THE FINANCIAL REQUIREMENTS OF THE
BUDGET; AUTHORIZING THE EXECUTIVE DIRECTOR OF
THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY TO
EXPEND FUNDS FOR THE BUDGET; DIRECTING THE
EXECUTIVE DIRECTOR TO FILE A DETAILED STATEMENT
OF THE PROPOSED EXPENDITURES AND ESTIMATED
REVENUES FOR THE FISCAL YEAR BEGINNING OCTOBER
1, 2009 AND ENDING SEPTEMBER 30, 2010 WITH THE CITY
CLERK OF THE CITY OF MIAMI AFTER ADOPTION AND
ESTABLISHMENT OF THE MILLAGE BY THE MIAMI CITY
COMMISSION; AND FURTHER PROVIDING THAT A COPY
OF THIS RESOLUTION BE FILED WITH THE CITY CLERK
OF THE CITY OF MIAMI.
WHEREAS, the Miami Downtown Development Authority (DDA) of the City of Miami,
Florida has prepared a preliminary budget for the Fiscal Year beginning October 1, 2009 and
ending September 30, 2010; and
WHEREAS, the Board of Directors of the DDA has reviewed said budget, said budget
being based on the Estimated Tax Roll provided by Miami -Dade County; and
WHEREAS, the Board of Directors of the DDA finds that the proposed budget is
necessary in order to further the objectives of the Downtown Development Authority, as
authorized by City Ordinance.
NOW THEREFORE, be it resolved by the Board of Directors of the Miami Downtown
Development Authority of the City of Miami, Florida.
Section 1. The recitals are true and correct and are adopted by reference and
incorporated as if fully set forth in this section.
4.Approve Budget FY 09-10.doc, Page 1 of 3
Section 2. The preliminary budget of the DDA, as submitted by the Executive
Director, is made part of this Resolution and is hereby approved and shall be known as the
"Annual Budget of the Miami Downtown Development Authority: Fiscal Year October 1, 2009
through September 30, 2010'.
Section 3. The following appropriations for the Fiscal Year beginning October 1,
2009 and ending September 30, 2010 are hereby made for the purpose of financing the operation
and other legal and proper purposes of the Miami Downtown Development Authority of the City
of Miami, Florida, to wit:
Use of Funds
AGENCY OPERATING EXPENSES $
POLICY & PROGRAM DEVELOPMENT $
CAPITAL IMPROVEMENTS, URBAN DESIGN,
& TRANSPORTATION $
ENHANCED SERVICES $
MARKETING & ECONOMIC DEVELOPMENT $
DOWNTOWN DRI EXPENSES $
CONTINGENCIES $
TOTAL REQUIRED FUNDS $
Sources of Funds
AD VALOREM TAX LEVY WITHIN THE
DOWNTOWN DEVELOPMENT DISTRICT $
CONTRIBUTIONS FROM OTHER AGENCIES $
FUND BALANCE/RESERVES/NET ASSETS $
TOTAL REVENUE FOR BUDGET $
Section 4. The Commission of the City of Miami is requested to adopt said
preliminary budget and establish the millage, authorized by law, to support the financial
requirements of this budget.
4.Approve Budget FY 09-10.doc, Page 2 of 3
Section 5. The Executive Director of the Miami Downtown Development Authority
is authorized to expend funds, including new salary rates, as provided in said budget, after
adoption and establishment of the millage by the Miami City Commission, upon the first day of
the 2009-2010 Fiscal Year, October 1, 2009.
Section 6. The Executive Director of the DDA is directed to prepare and file with
the City Clerk of the City of Miami, Florida detailed statement of the proposed expenditures and
estimated revenues for the Fiscal Year 2009-2010, which shall be entitled "Annual Budget of the
Miami Downtown Development Authority: Fiscal Year October 1, 2009 through September 30,
2010".
Section 7. A copy of this Resolution and the attachment shall be filed with the City
Clerk of the City of Miami, Florida after adoption of the millage by the City of Miami
Commission.
PASSED AND ADOPTED this 191h day of June, 2009.
Commissioner Joe M. Sanchez
Chairman
Alyce M. Robertson
Executive Director
ATTEST:
Sandra Hernandez
Secretary to the Board of the Directors
4Approve Budget FY 09-10.doc, Page 3 of 3