HomeMy WebLinkAboutR-07-0557City of Miami
Legislation
Resolution: R-07-0557
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 07-01097A Final Action Date: 9/27/2007
A 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, 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 OF MIAMI.
WHEREAS, the Board of Directors of the Downtown Development Authority ("DDA") of the City of
Miami, Florida ("City"), has approved and submitted to the City Commission an Estimated Budget of
the expenditures and revenues of the DDA for the Fiscal Year beginning October 1, 2007 and ending
September 30, 2008, as prepared by the Executive Director of the DDA, with 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 DDA'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 adopted
by reference and incorporated as fully set Forth in this Section.
Section 2. The following appropriations for Fiscal Year 2007-2008 are approved for the
maintenance and for the purpose of financing the operations and other legal and proper purposes of
the DDA of the City:
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
City of Miami
Page 1 of 2 File Id: 07-01097A (Version: 1) Printed On: 4/17/2017
File Number: 07-01097A Enactment Number: R-07-0557
SOURCE OF REVENUE
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 DDA for the
period October 1, 2007 to September 30, 2008, but are not mandatory should efficient administration
of the DDA or altered economic conditions indicate that a curtailment in certain expenditures is
necessary. The Board of Directors of the DDA 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 DDA.
Section 4. The DDA is 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 DDA is 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. This 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.
Section 7. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor.{1}
Footnotes:
{1} If the Mayor does not sign this Resolution, it shall become effective at the end of ten calendar
days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become
effective immediately upon override of the veto by the City Commission.
City of Miami Page 2 of 2 File Id: 07-01097A (Version: 1) Printed On: 4/17/2017