HomeMy WebLinkAboutpre resolution 2, - RESOLUTION NO. alaj
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
DOWNTOWN DEVELOPMENT AUTHORITY ("DDA") OF THE CITY
OF MIAMI, FLORIDA REDUCING THE FY 2004-2005 BUDGET TO
TWO MILLION NINE HUNDRED NINETY-EIGHT THOUSAND
SEVEN HUNDRED SIXTY-NINE AND EIGHT CENTS ($2,998,769.08)
REFLECTING THE FINAL AMOUNT IN THE CERTIFICATION OF
TAXABLE VALUE FOR FY 2004-2005 FROM MIAMI-DADE
COUNTY.
WHEREAS, the approved FY 2004-2005 Budget was based on an estimated Ad Valorem Tax
Levy within the Downtown Development District in the amount of Three Million One Hundred Eighteen
Thousand Five Hundred Dollars ($3,118,500.00); and
WHEREAS, that amount has been reduced to a final amount of Two Million Nine Hundred
Ninety-eight Thousand Seven Hundred Sixty-nine and Eight Cents ($2,998,769,08) reflected in the
Certification of Taxable Value for FY 2004-2005 from Miami -Dade County; and
WHEREAS, the DDA Financial Committee recommends reducing the Professional Services and
Special Projects line items in the DDA FY 2004-2005 Budget from Eight Hundred Eighty Seven
Thousand One Hundred Eleven and Forty-four Cents ($887,111.44) to Seven Hundred Sixty-seven
Thousand Three Hundred Eight and Fifty-two Cents ($767,380,52) in order to reduce the total budget
amount to Two Million Nine Hundred Ninety-eight Thousand Seven Hundred Sixty-nine and Eight Cents
($2,998,769.08) as per the attached recommended Budget.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA.
Section 1. The DDA Board of Directors approves reducing the Professional
Services and Special Projects line items in the FY 2004-2005 DDA Budget from Eight Hundred Eighty
Seven Thousand One Hundred Eleven and Forty-four Cents ($887,111.44) to Seven Hundred Sixty-seven
Thousand Three Hundred Eight and Fifty-two Cents ($767,380.52) reflecting the final amount in the
Certification of Taxable Value for FY 2004-2005 from Miami -Dade County as per the attached
recommended budget.
PASSED AND ADOPTED this 16e' day of Jay, 2004.
issioner Johnny L. Winton
irman .
aA.N'.in ham
xecutive Director
ST:
CAAAGOAR
Sandra Hernandez
Secretary to the Board of Directors