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HomeMy WebLinkAboutO-12598City of Miami Legislation Ordinance: 12598 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 04-00985b Final Action Date: 9/28/2004 AN ORDINANCE 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 OF THE CITY OF MIAMI, FLORIDA, FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2004 AND ENDING SEPTEMBER 30, 2005; AUTHORIZING THE DOWNTOWN DEVELOPMENT AUTHORITY TO INVITE AND ADVERTISE REQUIRED BIDS; PROVIDING FOR BUDGETARY FLEXIBILITY; PROVIDING THAT THIS ORDINANCE BE DEEMED SUPPLEMENTAL AND IN ADDITION TO THE ORDINANCE MAKING APPROPRIATIONS FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2004 AND ENDING SEPTEMBER 30, 2005 FOR THE OPERATIONS FOR THE CITY OF MIAMI; CONTAINING A REPEALER PROVISION, A SEVERABILITY CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE 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, 2004 and ending September 30, 2005, 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 ORDAINED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Ordinance are adopted by reference and incorporated as fully set forth in this Section. Section 2. The following appropriations for Fiscal Year 2004-2005 are 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: Appropriation Amount Personnel Services $1,582,388.56 Special Projects & Professional Services $ 767,380.52 Operating Expenses $ 599,000.00 Sub -Total Required Funds $2,948,769.08 Contingencies $ 50,000.00 Total Appropriated Funds $2,998,769.08 City of Miami Page 1 of 2 File Id: 04-00985b (Version: 1) Printed On: 10/4/2016 File Number: 04-00985b Enactment Number: 12598 SOURCE OF REVENUE Ad Valorem Tax Levy Within The Downtown Development District $2,998,769.08 Total Revenue for Budget $2,998,769.08 Section 3. Said appropriations are the anticipated expenditure requirements for the Downtown Development Authority for the period October 1, 2004 to September 30, 2005, 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 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 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 Ordinance shall be deemed supplemental and in addition to the Ordinance making appropriations for the Fiscal Year beginning October 1, 2004 and ending September 30, 2005, for operations of the City of Miami. Section 7. All Ordinances or parts of Ordinances that are inconsistent or in conflict with the provisions of this Ordinance are repealed. Section 8. If any section, part of a section, paragraph, clause, phrase or word of the Ordinance is declared invalid, the remaining provisions of this Ordinance shall not be affected. Section 9. This Ordinance shall become effective thirty (30) days after final reading and adoption thereof.{1 } Footnotes: {1} If the Mayor does not sign this Ordinance, it shall become effective at the end of ten calendar days from the date it was passed and adopted. If the Mayor vetoes this Ordinance, it shall become effective immediately upon override of the veto by the City Commission. City of Miami Page 2 of 2 File Id: 04-00985b (Version: 1) Printed On: 10/4/2016