HomeMy WebLinkAboutLegislation 9/12/06City of Miami
Legislation
Discussion Item
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 06-01562 Final Action Date:
DISCUSSION OF DOWNTOWN DEVELOPMENT AUTHORITY (DDA)
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, 2006 AND ENDING
SEPTEMBER 30, 2007; AUTHORIZING THE DOWNTOWN DEVELOPMENT
AUTHORITY 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, 2006 AND
ENDING SEPTEMBER 30, 2007 FOR THE OPERATIONS FOR THE CITY.
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, 2006 and ending September 30, 2007, 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 Authoritys 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 Resolution are hereby
adopted by reference thereto and incorporated herein as fully set forth in this Section.
Section 2. The following appropriations for Fiscal Year 2006-2007 are hereby 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 $1,833,027.00
Special Projects & Professional Services $1,422,636.01
Operating Expenses $1,005,558.00
Sub -Total Required Funds $4,261,221.01
Contingencies $50,000
Total Appropriated Funds $ 4,311,221.01
SOURCE OF REVENUE
Ad Valorem Tax Levy Within
The Downtown Development District $ 4,311,221.01
Total Revenue For Budget $4,311,221.01
Clay of Miami Page 1 of 2 Printed Om 8/31/2006
File Number: 06-01562
Section 3. Said appropriations are the anticipated expenditure requirements for the Downtown
Development Authority for the period October 1, 2006 to September 30, 2007, 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 hereby 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 hereby 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, 2006 and ending September 30, 2007, for
operations of the City of Miami.
Section 7. This resolution shall become effective immediately upon its adoption and signature of
the Mayor. (1)
PASSED ON FIRST READING BY TITLE ONLY this 12th day of September 2006.
PASSED AND ADOPTED ON SECOND AND FINAL READING IN ITS ENTIRETY this 21st day of
September 2006.
Manuel A. Diaz, Mayor
ATTEST:
Priscilla Thompson, City Clerk
APPROVED AS TO FORM AND
CORRECTNESS:
Jorge L. Fernandez
City Attorney
City of Miami Page 2 of 2
Printed On: 8/31/2006