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HomeMy WebLinkAboutLegislationCity of Miami Legislation Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 08-01080 Final Action Date: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING THE RECOMMENDATION AND PROPOSED TRANSFER OF FUNDS, IN THE AMOUNT OF $42,500, FROM THE PARKING WAIVER TRUST FUND; AUTHORIZING AND DIRECTING THE DEPARTMENT OF OFF-STREET PARKING TO MAKE SAID TRANSFER IN THE AMOUNT OF $42,500, FROM THE PARKING WAIVER TRUST FUND TO THE COCONUT GROVE BUSINESS DISTRICT IMPROVEMENT TRUST FUND, AND SUCH OTHER REALLOCATIONS AVAILABLE IN THE APPROVED BUDGET; APPROVING THE RECOMMENDED AND PROPOSED AMENDED BUDGET OF THE BIC, ATTACHED AND INCORPORATED, FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2007 AND ENDING SEPTEMBER 30, 2008. WHEREAS, the City of Miami ("City") established, approved and adopted the Coconut Grove Business Improvement Committee ("BIC") pursuant to Ordinance No. 12564, adopted July 22, 2004; and WHEREAS, the BIC serves as an instrument of advice and makes recommendations to the City Commission regarding, but not limited to: (a) coordination, funding and implementation of all marketing, infrastructure improvements, maintenance and other projects in specific areas of Coconut Grove; (b) appropriate expenditures from the Coconut Grove Business District Improvement Trust Fund; (c) segregation, designation, and use of parking surcharge infrastructure proceeds from parking facilities located within the jurisdiction of the BIC; and (d) review, approval or rejection of applications for special events in the Coconut Grove Special Events District, and appropriate expenditures from the Coconut Grove Special Events District Fund; and WHEREAS, Sections 35-222 and 54-343 of the Code of the City of Miami, Florida, as amended, require that recommendations by the BIC and an annual budget pertaining to the expenditures of the BIC be approved by the City Commission; and WHEREAS, at its September 6, 2007 scheduled budget meeting, the BIC approved and recommended that the City Commission adopt the attached original budget for the Fiscal Year commencing October 1, 2007 and ending September 30, 2008; and WHEREAS, pursuant to Resolution No 07-0564, adopted September 27, 2007,.. the-- City Commission accepted the BIC's recommendation and approved the BIC's Fiscal Year 2007-2008 budget; and WHEREAS, after review and consideration of its sources and uses of revenues, at its August 7, 2008 regular meeting, the BIC approved and recommended that the City Commission: (1) adopt an amended budget for the BIC for the Fiscal Year 2007-2008 City of Miami Page 1 of 2 Printed On: 9/15/2008 File Number 08-01080 (2) authorize the Department of Off -Street Parking to make a transfer of $42,500, from the Parking Waiver Trust Fund to the Coconut Grove Business District Improvement Trust Fund to fund the BIC's advertising commitments (3) approve a reallocation of $27,644, from the available balance of the Contingency Funding to complete Phase One of the Holiday Lighting project, and (4) approve a reallocation of up to $46,966, from the available balance of the Contingency Funding to extend the Valet Parking Program through September 30, 2008, and (5) approve a reallocation of up to $7,000, from the available balance of Parking Waiver funds to pay for the replacement of burnt out LED bulbs in decorative lighting; 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 recommended and proposed transfer of funds, in the amount of $42,500, from the Parking Waiver Trust Fund to the Coconut Grove Business District Improvement Trust Fund and the amended budget of the BIC, attached and incorporated, for the Fiscal Year commencing October 1, 2007 and ending September 30, 2008, are approved. Section 3. The Department of Off -Street Parking is authorized and directed to make said transfer of funds in the amount of $42,500, from the Parking Waiver Trust Fund to the Coconut Grove Business District Improvement Trust Fund. Section 4 This Resolution shall become effective immediately upon its adoption and signature of the Mayor.{1 } APPROVED AS TO FORM AND CORRECTNESS: JULIE O. BRU CITY ATTORNEY 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. City of Miami Page 2 of 2 Printed On: 9/15/2008