HomeMy WebLinkAboutPre-LegislationRESOLUTION 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
FISCAL YEAR BEGINNING OCTOBER 1, 2006 AND ENDING
SEPTEMBER 30, 2007 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, 2006 AND ENDING SEPTEMBER 30, 2007 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
budged for the Fiscal Year beginning October 1, 2006 and ending September 30, 2007; 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, 2006 through September 30, 2007".
Section 2. The following appropriations for the Fiscal Year beginning October 1,
2006 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 SERVICES $
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 2006-2007 Fiscal Year, October 1, 2006.
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 2006-2007 which shall
be entitled " Annual Budget of the Downtown Development Authority: Fiscal Year
October 1, 2006 through September 30, 2007.
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 2006
Commisioner Johnny L. Winton
DDA Chairman
Dana A. Nottingham
DDA Executive Director
ATTEST:
Sandra Hernandez
Secretary to the Board