HomeMy WebLinkAboutLegislationFile Number: 10-00544
Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
ALLOCATING ADDITIONAL FUNDS TO THE MIMO BUSINESS IMPROVEMENT
COMMITTEE, INC. ("MIMO BIC"), IN THE AMOUNT OF $50,000, TO FUND
COSTS FOR THE CREATION OF A BUSINESS IMPROVEMENT DISTRICT
FROM ACCOUNT CODE NUMBER 00001.980000.882000.0000.00000; FURTHER
AUTHORIZING THE CITY MANAGER TO EXECUTE AMENDMENT NO. 1 TO THE
GRANT ACCEPTANCE AGREEMENT BETWEEN THE CITY OF MIAMI AND MIMO
BIC, IN SUBTANTIALLY THE ATTACHED FORM, FOR SAID PURPOSES.
WHEREAS, Business Improvement Districts, ("BIDs") have been used throughout the country
as a successful tool to fund supplemental services and capital improvements to an area through a self
assessment; and
WHEREAS, the City of Miami has successfully transformed a business improvement
committee into a business improvement district in Coconut Grove; and
WHEREAS, the Miami Modern ("MiMo")/Biscayne Boulevard Historic District was designated in
2006 on Biscayne Boulevard from 50th Street north to 77th Street, Miami, Florida, to preserve and
protect the 1950's -era architecture along the business corridor; and
WHEREAS, the MiMo Business Improvement Committee, Inc. ("MiMo BIC'), a private
corporation was formed to "create a business improvement district that will revitalize Miami's historic
MiMo Biscayne Boulevard"; and
WHEREAS, the MiMo BIC's purpose includes exploring and defining proposed BID boundaries,
determining baseline and supplemental services, and educating and preparing property owners to
support an affirmative vote creating a BID; and
WHEREAS, the City Commission, on May 14, 2009, pursuant to Resolution No. 09-0226,
authorized a grant to MiMo BIC of $100,000 to allow it to accomplish the purposes for which it was
established; and
WHEREAS, the MiMo BIC is nearing completion of the process of forming a BID; and
WHEREAS, the City of Miami supports this purpose and approves additional funding in the
amount of $50,000 to be designated as a valid use of public funds, providing the MiMo BIC the funds
necessary to complete the formation of a BID;
City of Miami Page I of 2 File Id. 10-00544 (Version: 1) Printed On: 515/2010
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Resolution
File Number: 10-00544
Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
ALLOCATING ADDITIONAL FUNDS TO THE MIMO BUSINESS IMPROVEMENT
COMMITTEE, INC. ("MIMO BIC"), IN THE AMOUNT OF $50,000, TO FUND
COSTS FOR THE CREATION OF A BUSINESS IMPROVEMENT DISTRICT
FROM ACCOUNT CODE NUMBER 00001.980000.882000.0000.00000; FURTHER
AUTHORIZING THE CITY MANAGER TO EXECUTE AMENDMENT NO. 1 TO THE
GRANT ACCEPTANCE AGREEMENT BETWEEN THE CITY OF MIAMI AND MIMO
BIC, IN SUBTANTIALLY THE ATTACHED FORM, FOR SAID PURPOSES.
WHEREAS, Business Improvement Districts, ("BIDs") have been used throughout the country
as a successful tool to fund supplemental services and capital improvements to an area through a self
assessment; and
WHEREAS, the City of Miami has successfully transformed a business improvement
committee into a business improvement district in Coconut Grove; and
WHEREAS, the Miami Modern ("MiMo")/Biscayne Boulevard Historic District was designated in
2006 on Biscayne Boulevard from 50th Street north to 77th Street, Miami, Florida, to preserve and
protect the 1950's -era architecture along the business corridor; and
WHEREAS, the MiMo Business Improvement Committee, Inc. ("MiMo BIC'), a private
corporation was formed to "create a business improvement district that will revitalize Miami's historic
MiMo Biscayne Boulevard"; and
WHEREAS, the MiMo BIC's purpose includes exploring and defining proposed BID boundaries,
determining baseline and supplemental services, and educating and preparing property owners to
support an affirmative vote creating a BID; and
WHEREAS, the City Commission, on May 14, 2009, pursuant to Resolution No. 09-0226,
authorized a grant to MiMo BIC of $100,000 to allow it to accomplish the purposes for which it was
established; and
WHEREAS, the MiMo BIC is nearing completion of the process of forming a BID; and
WHEREAS, the City of Miami supports this purpose and approves additional funding in the
amount of $50,000 to be designated as a valid use of public funds, providing the MiMo BIC the funds
necessary to complete the formation of a BID;
City of Miami Page I of 2 File Id. 10-00544 (Version: 1) Printed On: 515/2010
File Number: 10-00544
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 herein as if fully set forth in this Section.
Section 2. The allocation of additional funds to the MiMo BIC to fund costs for the final steps in
the creation of a BID, in the amount of $50,000, is authorized, from Account Number
00001.980000.882000.0000.00000.
Section 3. The City Manager is authorized{1 } to execute Amendment No. 1 to the Grant
Acceptance Agreement, in substantially the attached form, for said purposes.
Section 4. This Resolution shall become effective immediately upon its adoption and signature
of the Mayor.{2}
APPROVED AS TO FORM AND CORRECTNESS:
JULIE O. BRU
CITY ATTORNEY
Footnotes:
{1 } The herein authorization is further subject to compliance with all requirements that may be
imposed by the City Attorney, including but not limited to those prescribed by applicable City Charter
and Code provisions.
{2} 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 File Id. 10-00544 (Version: 1) Printed On: 5/5/2010