HomeMy WebLinkAboutPre-Legislation 2RESOLUTION NO. 19/2007
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
MIAMI DOWNTOWN DEVELOPMENT AUTHORITY
("DDA") OF THE CITY OF MIAMI, FLORIDA APPROVING
THE MIAMI DDA OPERATIONS/ WORK PROGRAM
BUDGET; AND FURTHER ALLOCATING AND
APPROVING FROM THE DDA FY 2007-2008 BUDGET
EXPENDITURES AS OUTLINED WITHIN THE
OPERATING / WORK PROGRAM BUDGET.
WHEREAS, the DDA FY 2007-2008 Budget has allocated funding for operations; and
WHEREAS, the DDA FY 2007-2008 Budget has allocated funding for projects; and
WHEREAS, the DDA Board of Directors established the following board committees to
review and recommend priority implementation programs/projects:
Economic Development & Research Program Committee
Urban Design. Transportation & CIP Program Committee
Service Delivery Program Committee
Marketing Program Committee
; and
WHEREAS, the Miami DDA held a Board Retreat/Goals Session on May 12, 2007 to
discuss organizational direction and priorities for FY 2007-2008; and
WHEREAS, the DDA has prepared a Miami DDA Operations/ Work Program Budget with
a proposed project list, herein attached as Exhibit "A"; and
WHEREAS, the Operations/ Work Program budget total is Two Million Nine Hundred
Sixty-eight Thousand Nine Hundred Fifty-three Dollars ($2,968,953) for Operations and Three
Million Three Hundred Thousand Dollars ($3,300,000) for the Work Program; and
WHEREAS, the Work Program will be funded in the amount of One Million One Hundred
Forty-five Thousand Dollars ($1,145,000) from the FY 07-08 tax revenues and Two Million One
Hundred Fifty-five Thousand Dollars ($2,155,000) from the Miami DDA Projects Account, i.e.
Jumbo Account; and
19.DDA Op/ Work Prgm FY OS.doc, Page I of 2
WHEREAS, the DDA Finance Committee and DDA Executive Committee have reviewed
the Miami DDA Operations/ Work Program Budget.
NOW, THEREFORE, be it resolved by the Board of Directors of the Downtown
Development Authority of the City of Miami, Florida.
Section 1. The recitals are true and correct and are adopted by reference and
incorporated as if fully set forth in this Section.
Section 2. The DDA Board of Directors approves the Miami DDA Operations/ Work
Program Budget (Exhibit "A").
Section 3. The DDA Board of Directors allocates and approves from the DDA FY
2007-2008 Budget expenditures as outlined within the operations / work program in the amount of
Six Million Two Hundred Sixty-eight Thousand Nine Hundred Fifty-three Dollars ($6,268,953),
consistent with DDA Procurement Policy and Procedures.
t PASSED AND ADOPTED this 1 5� day of 'IL 20
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Co j - Jo .j0 hez
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Dana"A. Notting
Executive Directo
EST:
Sandra Hernandez
Secretary to the Board of Directors
9OttAekc,ti tam,
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