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3500 Pan American
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Miami, FL 33133
www.miamigov.com
File Number: 07-01097 Final Action Date:
A DISCUSSION OF THE MIAMI CITY COMMISSION REGARDING A
RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
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,
2007 AND ENDING SEPTEMBER 30, 2008; 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, 2007 AND
ENDING SEPTEMBER 30, 2008 FOR THE OPERATIONS OF 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, 2007
and ending September 30, 2008, as prepared by the Executive Director of the Downtown Development
Authority, a copy
of said budget having made available in a newspaper of general circulation of the City; and
WHEREAS, the City Commission has reviewed the Downtown Development Authority's 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 2007-2008 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
(1)
Appropriations Amount
Personnel Services $1,918,953.00
Special Projects & Professional Services $4,036,756.54
Operating Expenses $ 898,500.00
Sub -total Required Funds $ 6,854,209.54
Contingencies $ 150,000.00
Total Appropriated Funds $ 7,004,209.54
SOURCE OF REVENUE
City of Miami Page I of 2 Printed On: 8/28/2007
File Number: 07-01097
Ad Valorem Tax Levy Within
The Downtown Development District $4,849,209.54
Miami DDA Projects Account $2,155,000.00
Total Revenue for Budget $7,004,209.54
Section 3. Said appropriations are the anticipated expenditure requirements for the Downtown
Development Authority for the period October 1, 2007 to September 30, 2008, 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, 2007 and ending September 30, 2008 for
operations of the City of Miami.
Section 7. This resolution shall become effective immediately upon its adoption and signature of
the Mayor. (1)
APPROVED AS TO FORM AND
CORRECTNESS:
Jorge L. Fernandez
City Attorney
Footnotes:
City of Miami Page 2 of 2 Primed On: 8/28/2007