HomeMy WebLinkAboutCover MemoDOWNTOWN DEVELOPMENT AUTHORITY
Memorandum
To: The Honorable Mayor and Members of the City Commission
From: Dana A. Nottingh 4, 1
Executive Director ' t
Date: August 13, 2007
Subject: DDA FY 07-08
Appropriations Resolution
Re: For September 13, 2007
City Commission Meeting
Recommendation
It is respectfully requested that the City Commission adopt the attached Appropriations
Resolution for the Downtown Development Authority for the fiscal year beginning
October 1, 2007 and ending September 30, 2008.
Background
Chapter 14 of the City of Miami Code authorizes the City Commission to levy an
additional ad valorem tax on all real and personal property within the Downtown
Development Authority District for the purpose of financing the operations of the
Downtown Development Authority.
The proposed DDA budget for the Fiscal Year 2007-2008 is based on an estimated
increase in revenues of $537,988.53. (12%)
Attached for City Commission approval is an Appropriations Resolution for the
Downtown Development Authority for the Fiscal Year beginning October 1, 2007 and
ending September 3, 2008.
Encl.
DN/dv
BH.7
DOWNTOWN DEVELOPMENT AUTHORITY
200 S. Biscayne Boulevard, Suite 2929
Wachovia Financial Center
Miami, Florida 33131
305-579-6675
305-371-2423
www.miamidda.com