HomeMy WebLinkAboutCover MemoO-OO52Jj
I! i'imam DDAI Memorandum
DOWNTOWN DEVELOPMENT AUTHORITY
To:
The Honorable
CC
From: .A(yce 11j[. Robertson
Execuy_(ve Director
Date: August 20, 2009
embers of the City Commission
Subject: Miami DDA FY 2009-2010
Appropriations Resolution for FY 2009-2010
Re: For September 10, 2009 City Commission Meeting
Recommendation
It is respectfully requested that the City Commission adopt the attached Appropriations Resolution
for the Miami Downtown Development Authority for the Fiscal Year beginning October 1, 2009 and
ending September 30, 2010.
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 Miami Downtown Development Authority ("DDA").
The DDA budget for the Fiscal Year 2008-2009 was based on revenues of $8,874,743. The proposed
DDA budget for FY 2009-2010 is based on estimated revenues of $9,394,029. This represents an
increase in revenues of $519,286 (5.85%).
Attached for City Commission approval is an Appropriations Resolution for the Miami Downtown
Development Authority for the Fiscal Year beginning October 1, 2009 and ending September 30,
2010.
AMR/sh
Attachments
Cc: Julie O. Bru, City Attorney (via email)
Veronica Xiques, Assistant City Attorney (via email)
Elva Gallastegui, Agenda Office (via email)
Vanessa Lopez, Agenda Office (via email)
Miami Downtown Development Authority
200 S. Biscayne Boulevard, Suite 2929
Wachovia Financial Center
Miami, Florida 33131
Tel: 305.579.6675
Fax: 305.371.2423
Web: www.miamidda.com