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File Number: 09-00920 Final Action Date: 9/10/2009
A DISCUSSION OF THE MIAMI CITY COMMISSION REGARDING A RESOLUTION
OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), 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 ("CITY"), FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2009 AND
ENDING SEPTEMBER 30, 2010; 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, 2009 AND ENDING SEPTEMBER 30, 2010 FOR
THE OPERATIONS OF THE CITY.
WHEREAS, the Board of Directors of the Downtown Development Authority of the City of
Miami, Florida has approved and submitted to the City Commission an Estimated Budget of the
expenditures and revenues of the Downtown Development Authority for the Fiscal Year beginning
October 1, 2009 and ending September 30, 2010, as prepared by the Executive Director of the
Downtown Development Authority, 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 Downtown Development Authority'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 hereby
adopted by reference thereto and incorporated herein as fully set forth in this Section.
Section 2. The following appropriations for Fiscal Year 2009-2010 are hereby approved for
the maintenance and for the purpose of financing the operations and other legal and proper
purposes of the Downtown Development Authority of the City of Miami, Florida.
Estimated Revenues
Ad Valorem Tax Levy
Revenues from other agencies
Fund Balance
$ 5,242,778
$ 1,135,000
$ 3,016,251
City of Miami
Page 1 of 3 File Id: 09-00920 (Version: 1) Printed On: 6/28/2017
File Number: 09-00920
Total Sources $ 9,394,029
Use of Funds
Agency Operating Expenses $ 907,551
Capital Improvements, Urban Design, Transportation & Services $ 3,164,668
Marketing & Economic Development $ 2,709,713
Policy & Program Development $ 426,459
Contingency Reserve $ 100,000
Subtotal $ 7,308,391
Downtown DRI Expenses
Future Years' Reserve
Total Uses
$ 650,000
$ 1,435,638
$ 9,394,029
Section 3. Said appropriations are the anticipated expenditure requirements for the
Downtown Development Authority for the period October 1, 2009 to September 30, 2010, but are
not mandatory should efficient administration of the Downtown Development Authority or altered
economic conditions indicate that a curtailment in certain expenditures is necessary. The Board of
Directors of the Downtown Development Authority 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 Downtown Development Authority.
Section 4. The Downtown Development Authority is hereby 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 Downtown Development Authority is hereby 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. The Resolution shall be deemed supplemental and in addition to the Resolution
making appropriations for the Fiscal Year beginning October 1, 2009 and ending September 30,
2010 for operations of the City of Miami.
Section 7. This resolution shall become effective immediately upon its adoption and signature of
the Mayor. {1}
City of Miami Page 2 of 3 File Id: 09-00920 (Version: 1) Printed On: 6/28/2017
File Number: 09-00920
APPROVED AS TO FORM AND
CORRECTNESS:
Julie O. Bru
City Attorney
... Footnote
{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 3 of 3 File Id: 09-00920 (Version: 1) Printed On: 6/28/2017