HomeMy WebLinkAboutreso2RESOLUTION NO.
A RESOLUTION AUTHORIZING THE BOARD OF THE
DOWNTOWN DEVELOPMENT AUTHORITY ("DDA") OF THE
CITY OF MIAMI, FLORIDA APPROVING THE ANNUAL BUDGET
OF THE DOWNTOWN DEVELOPMENT AUTHORITY FOR THE
FISCAL YEAR BEGINNING OCTOBER 1, 2005 AND ENDING
SEPTEMBER 30, 2006 REQUESTING THAT THE MIAMI CITY
COMMISSION ESTABLISH THE MILLAGE AND ALLOCATE
OTHER FUNDS TO SUPPORT THE FINANCIAL REQUIREMENTS
OF THE BUDGET; AUTHORIZING THE EXECUTIVE DIRECTOR
AND TREASURER OF THE DOWNTOWN DEVELOPMENT
AUTHORITY TO EXPEND FUNDS UNDER THE NEW BUDGET;
DIRECTING THE EXECUTIVE DIRECTOR TO FILE A DETAILED
STATEMENT OF THE PROPOSED EXPENDITURES AND
ESTIMATED REVENUES FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 2005 AND ENDING SEPTEMBER 30, 2006 WITH
THE CITY CLERK OF THE CITY OF MIAMI AFTER ADOPTION
AND ESTABLISHMENT OF THE MILLAGE BY THE MIAMI CITY
COMMISSION; AND FURTHER PROVIDING THAT A COPY OF
THIS RESOLUTION BE FILED WITH THE CITY CLERK OF THE
CITY OF MIAMI..
WHEREAS, the Downtown Development Authority of the City of Miami, Florida has
prepared a budget for the Fiscal Year beginning October 1, 2005 and ending September 30, 2006; and
WHEREAS, the Board of Directors of the Downtown Development Authority
has reviewed said budget, said budget being based on the Estimated Tax Roll provided by
Miami Dade County; and
WHEREAS, the Board of Directors of the Downtown Development Authority
finds that the proposed budget is necessary in order to further the objectives of the
Downtown Development Authority, as authorized by City Ordinance.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI,
FLORIDA.
Section 1. The budget of the Downtown Development Authority, as submitted by
the Executive Director, is made part of this Resolution and is hereby approved as shall be
known as the" Annual Budget of the Downtown Development Authority: Fiscal Year
October 1, 2005 through September 30, 2006".
Section 2. The following appropriations for the Fiscal Year beginning October 1,
2005 and ending September 30, 2006 are hereby made 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, to wit:
PERSONNEL SERVICES $
PROFESSIONAL SERVICES AND SPECIAL PROJECTS $
OPERATING EXPENSES $
TOTAL REQUIRED FUNDS $
CONTINGENCIES $
SOURCE OF REVENUE
AD VALOREM TAX LEVY WITHIN THE
DOWNTOWN DEVELOPMENT DISTRICT $
TOTAL REVENUE FOR BUDGET $
Section 3. The Commission of the City of Miami is requested to adopt said
budget and establish the millage, authorized by law, to support the financial requirements
of this budget.
Section 4. The Executive Director and the Treasurer of the Downtown
Development Authority are authorized to expend funds, including new salary rates, as
provided in said budget, after adoption and establishment of the millage by the Miami
City Commission, upon the first day of the 2005-2006 Fiscal Year, October 1, 2005.
Section 5. The Executive Director of the Downtown Development Authority is
directed to prepare and file with the City Clerk of the City of Miami, detailed statement
of the proposed expenditures and estimated revenues for the Fiscal Year 2005-2006
which shall be entitled " Annual Budget of the Downtown Development Authority: Fiscal
Year October 1, 2005 through September 30, 2006.
Section 6. A copy of this Resolution and the attachment shall be filed with the
City Clerk of the City of Miami, Florida after adoption of the millage by the City of
Miami Commission
PASSED AND ADOPTED this day of 2005
ATTEST:
Sandra Hernandez
Secretary to the Board
Commissioner Johnny L. Winton
DDA Chairman
Dana A. Nottingham
DDA Executive Director