HomeMy WebLinkAboutR-08-0368City of Miami
Legislation
Resolution: R-08-0368
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 07-01410 Final Action Date: 6/26/2008
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING THE CITY OF MIAMI'S ("CITY'S") 2007-2008 MULTI -YEAR CAPITAL
PLAN ("PLAN"), ATTACHED AND INCORPORATED, AS REQUIRED BY SECTION
163.3177, FLORIDA STATUTES (2007) AND PURSUANT TO CHAPTER 18/
ARTICLE IX/DIVISIONS 1 AND 2 OF THE CODE OF THE CITY OF MIAMI,
FLORIDA, AS AMENDED, ENTITLED "FINANCE/FINANCIAL
POLICIES/ANTI-DEFICIENCY ACT/FINANCIAL INTEGRITY PRINCIPLES," TO SET
FORTH THE CITY'S FISCAL NEEDS FOR CAPITAL IMPROVEMENTS, SUBJECT
TO AN ANNUAL PLAN REVIEW, TO DETERMINE PROJECT PRIORITIES AND TO
MODIFY FUNDING ALLOCATIONS AS NECESSARY.
WHEREAS, a capital improvement programming process to support the Comprehensive Plan is
required by the Local Government Comprehensive Planning and Land Development Regulation Act,
more particularly, Section 163.3177, Florida Statutes (2007) and pursuant to Chapter 18/Article
IX/Divisions 1 and 2 of the Code of the City of Miami, Florida, as amended entitled "Finance/Financial
Policies/Anti-Deficiency Act/Financial Integrity Principles;" and
WHEREAS, a Capital Improvements Plan is a policy and management tool to plan municipal
borrowing and indebtedness over a period of time, to establish annual expenditures within a
framework of long-range fiscal requirements and to serve as an official statement of the City of
Miami's ("City's") development plans; and
WHEREAS, said plan will be subject to annual review, consideration and modification as needed,
to determine project priorities and to modify funding allocations as necessary;
NOW, THEREFORE, BE IT RESOLVED 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 if fully set forth in this Section.
Section 2. The City's 2007-2008 Multi -Year Capital Plan ("Plan"), attached and incorporated, is
approved, as required by Section 163.3177, Florida Statutes (2007) and pursuant to Chapter
18/Article IX/ Division 1 and 2 of the City Code, entitled "Finance/Financial Policies/Anti-Deficiency
Act/Financial Integrity Principles," to set forth the City's fiscal needs for capital improvements, subject
to an annual Plan review, to determine project priorities and to modify funding allocations as
necessary.
Section 3. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor. {1}
City of Miami
Page 1 of 2 File Id: 07-01410 (Version: 11 Printed On: 5/8/2017
File Number: 07-01410 Enactment Number: R-08-0368
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: 07-01410 (Version: 11 Printed On: 5/8/2017