HomeMy WebLinkAboutMEMO DDAANIAMIDDA
DOWNTOWN DEVELOPMENT AUTHOR TY
Memorandum
To: Th Honorable Ma}�r and Members of the City Commission
C1/-2
From: Alyce Ib . Rob rtson
Execut' 'e Director
Date: August 13, 2010
Subject: Miami DDA FY 2010-201.1.
Appropriations Resolution for FY 2010-2011
Re: For September 1.4, 2010 City Commission Meeting
Recommendation
It is respectfully requested that the City Commission adopt the attached Appropriations Resolution
for the Miami Downtown Development Authority for the Fiscal Year beginning October 1, 2010 and
ending September 30, 2011.
Background
Chapter 14 of the City of Miami Code authorizes the City Commission to levy an additional ad
valorem tax on all real and personal property within the Downtown Development District for the
purpose of financing the operations of the Miami Downtown Development Authority ("DDA").
The DDA budget for the Fiscal Year 2009-2010 was based on revenues of $9,394,029. The proposed
DDA budget for FY 2010-2011 is based on estimated revenues of $7,707,325. This represents a
decrease in revenues of $1,686,704.
Attached for City Commission approval is an Appropriations Resolution for the Miami Downtown
Development Authority for the Fiscal Year beginning October 1, 2010 and ending September 30,
2011.
JAB/msr
Attaclunents
cc: Julie O. Btu, City Attorney (via entail)
Veronica Xiques, Assistant City Attorney (via entail)
Elva Galiastegui, Agenda Office (via entail)
Miami Downtown Development Authority Tei: 305.579.6675
200 S. Biscayne Boulevard, Suite 2929 Fax: 305.371.2423
Wachovia Financial Center Web: www.miamidda.com
Miami, Florida 33131