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HomeMy WebLinkAboutR-03-1127City of Miami Legislation Resolution: R-03-1127 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 03-0107 Final Action Date: 10/23/2003 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING THE MIAMI SPORTS AND EXHIBITION AUTHORITY'S PROPOSED OPERATING BUDGET FOR FISCAL YEAR 2003-2004, ATTACHED AND INCORPORATED. WHEREAS, City Code provisions requires that the Miami Sports and Exhibition Authority establish a fiscal year coinciding with that of the City of Miami, and that the Operating Budget be submitted for appropriate consideration by the City Commission; and WHEREAS, the proposed budget, attached, identifies categories for compensation and benefits, administrative, professional and consultant services, and capital expenditures totaling $1,150,000; and WHEREAS, the categories reflected in the projected budget comply with the required mandates which were established to facilitate the development of public facilities necessary for the expansion and promotion of professional and international sports, convention and exhibition related activities, and other events which contribute to economic and social growth in the City of Miami, with the appropriate portion of Convention Development Tax receipts and authority revenues being used to satisfy the demands of said Budget; and WHEREAS, the Fiscal Year 2003-2004 proposed administrative budget in the amount of $1,150,000 is the same as that of the Fiscal Year 2002-2003 budget; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and finding contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section. Section 2. The Miami Sports and Exhibition Authority's proposed Operating Budget for Fiscal Year 2003-2004, attached and incorporated, is approved. Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.{1} City of Miami Page 1 of 2 File Id: 03-0107 (Version: 2) Printed On: 8/17/2016 File Number: 03-0107 Enactment Number: R-03-1127 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 File Id: 03-0107 (Version: 2) Printed On: 8/17/2016