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City of Miami
Legislation
Resolution
Fife Number: 09-00920b
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION, MAKING
APPROPRIATIONS FROM THE DOWNTOWN DEVELOPMENT DISTRICT AD
VALOREM TAX LEVY AND OTHER MISCELLANEOUS INCOME FOR THE
DOWNTOWN DEVELOPMENT AUTHORITY ("DDA") OF THE CITY OF MIAMI,
FLORIDA ("CITY"), FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2009 AND
ENDING SEPTEMBER 30,2010; AUTHORIZING THE DDA TO INVITE AND
ADVERTISE REQUIRED BIDS; PROVIDING FOR BUDGETARY FLEXIBILITY;
PROVIDING THAT THIS RESOLUTION BE DEEMED SUPPLEMENTAL AND IN
ADDITION TO THE RESOLUTION MAKING APPROPRIATIONS FOR THE FISCAL
YEAR BEGINNING OCTOBER 1, 2009 AND ENDING SEPTEMBER 30, 2010 FOR
THE OPERATIONS OF THE CITY.
WHEREAS, the Board of Directors of the Downtown Development Authority of the City of
Miami, Florida has approved and submitted to the City Commission an Estimated Budget of the
expenditures and revenues of the Downtown Development Authority for the Fiscal Year beginning
October 1, 2009 and ending September 30, 2010, as prepared by the Executive Director of the
Downtown Development Authority, a copy of said budget having been made available in a
newspaper of general circulation of the City; and
WHEREAS, the City Commission has reviewed the Downtown Development Authority's
Budget;
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 fully set forth in this Section.
Section 2. The following appropriations for Fiscal Year 2009-2010 are hereby approved for
the maintenance and for the purpose of financing the operations and other legal and proper
purposes of the Downtown Development Authority of the City of Miami, Florida.
Estimated Revenues
Ad Valorem Tax Levy
Revenues from other agencies
Fund Balance
Use of Funds
$5,242,778
1,135, 000
3,016,251
Total Sources 9,394,029
City of Miami Page 1 of 2 Printed On: 911512009
File Number- 09-00920b
Agency Operating Expenses 900,969
Capital Improvements, Urban Design, Transportation & Services 3,152,714
Marketing & Economic Development 2,705,437
Policy & Program Development 545,297
Contingency Reserve 100,000
Subtotal 7,404,417
Downtown DRI Expenses 650,000
Future Years' Reserve 1,339,612
Subtotal 1,989,612
Total Uses $9.394.029
Section 3. Said appropriations are the anticipated expenditure requirements for the Downtown
Development Authority for the period October 1, 2009 to September 30, 2010, but are not mandatory
should efficient administration of the Downtown Development Authority or altered economic conditions
indicate that a curtailment in certain expenditures is necessary. The Board of Directors of the
Downtown Development Authority is specifically authorized to withhold any of these appropriated funds
from encumbrance or expenditure shall such action appear advantageous to the economic and
efficient operation of the Downtown Development Authority.
Section 4. The Downtown Development Authority is hereby authorized to make transfers between
the detailed accounts comprising any of the amounts appropriated by Section 2 hereof, in order that
the available and required balance in any such account may be used for other necessary and proper
purposes.
Section 5. The Downtown Development Authority is hereby authorized to invite or advertise for
bids for the purpose of any material, equipment or services embraced in the aforementioned
appropriations, for which formal bidding is required, such bids to be returnable as required by law.
Section 6. The Resolution shall be deemed supplemental and in addition to the Resolution making
appropriations for the Fiscal Year beginning October 1, 2009 and ending September 30, 2010 for
operations of the City of Miami.
Section 7. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor. {1}
APPROVED AS TO FORM AND CORRECTNESSee
JULIE 0. BRU
CITY ATTORNEY ,\
Footnotes:
{1} If the Mayor does not sign this Resolution, it shall become effective at the end of ten 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 Printed On: 9/15/2009