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Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www,ci.miami.fl.us
File Number: 05-00928b Final Action Date:
A RESOLUTION 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 ("DDA") OF THE CITY OF MIAMI, FLORIDA
("CITY"), FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2005 AND ENDING
SEPTEMBER 30, 2006; AUTHORIZING THE DDA TO INVITE AND ADVERTISE
REQUIRED BIDS; PROVIDING FOR BUDGETARY FLEXIBILITY; PROVIDING
THAT THIS RESOLUTION BE DEEMED SUPPLEMENTAL AND IN ADDITION TO
THE RESOLUTION MAKING APPROPRIATIONS FOR THE FISCAL YEAR
BEGINNING OCTOBER 1, 2005 AND ENDING SEPTEMBER 30, 2006, FOR THE
OPERATIONS FOR THE CITY.
WHEREAS, the Board of Directors of the Downtown Development Authority ("DDA") of the City of
Miami, Florida ("City"), has approved and submitted to the City Commission an estimated budget of the
expenditures and revenues of the DDA for the Fiscal Year beginning October 1, 2005 and ending
September 30, 2006, as prepared by the Executive Director of the DDA, 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 DDA's budget;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by
reference and incorporated as fully set forth in this Section.
Section 2. The following appropriations for Fiscal Year 2005-2006 are approved for the
maintenance and for the purpose of financing the operations and other legal and proper purposes of
the DDA of the City:
Personnel Services
Special Projects & Professional Services
Operating Expenses
Sub -Total Required Funds
Contingencies
Total Appropriated Funds
SOURCE OF REVENUE
Ad Valorem Tax Levy Within
The Downtown Development District
Total Revenue for Budget
Appropriation Amount
$1,785,501
$ 841,060
$ 903,801
$3,530,362
$ 50,000
$3,580,362
$3,580,362
$3,580,362
City of Miami Page 1 of 2 Printed On: 8/25/2005
File Number: 05-00928b
Section 3. Said appropriations are the anticipated expenditure requirements for the DDA for the
period October 1, 2005 to September 30, 2006, but are not mandatory should efficient administration of
the DDA or altered economic conditions indicate that a curtailment in certain expenditures is
necessary. The Board of Directors of the DDA 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 DDA.
Section 4. The DDA 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 DDA 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 Resolution shall be deemed supplemental and in addition to the Resolution making
appropriations for the Fiscal Year beginning October 1, 2005 and ending September 30, 2006, for
operations of the City.
Section 7. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor.{1}
APPROVED AS TO FORM AND CORRECTNESS:
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 Printed On: 8/25/2005