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DOWNTOWN DEVELOPMENT AUTHORITY
Memorandum
To:
From:
Date: August 15, 2008
Subject: DDA FY 08-09
Appropriations Resolution
The Honorable Mayor and Members of the City Commission
lyce V1 Robertson, Interim Executive Director
Re: For September 11, 2008
City Commission Meeting
BH.6
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, 2008 and ending September 30, 2009.
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 District for the purpose of financing the operations of the Downtown
Development Authority.
The DDA budget for the Fiscal Year 2007-2008 was based on revenues of $4,849,209.54.
The proposed DDA budget for 08-09 is based on estimated revenues of $5,037,662.74.
This represents an increase in revenues of $188,453.20. (3.9%)
Attached for City Commission approval is an Appropriations Resolution for the
Downtown Development Authority for the Fiscal Year beginning October 1, 2008 and
ending September 30, 2009.
Encl.
AMR/dv
DOWNTOWN DEVELOPMENT AUTHORITY
200 S. Biscayne Boulevard, Suite 2929
Wachovia Financial Center
Miami, Florida 33131
305-579-6675
305-371-2423
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