HomeMy WebLinkAboutLegislation (Version 2) 09-27-11City of Miami
Legislation
Resolution: R-11-0340
City Hall
3500 Pan American
Drive
Miami, FL33133
www.miamigov.com
File Number: 11-00750
Final Action Date:9/15/2011
A RESOLUTION OF THE MIAMI CITY COMMISSION ADOPTING A BUDGET,
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,
2011 AND ENDING SEPTEMBER 30, 2012; 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, 2011 AND ENDING SEPTEMBER 30, 2012, 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, 2011
and ending September 30, 2012, 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 2011-2012 are hereby approved for the
maintenance and for the purpose of financing the operations and other legal and proper purpose
of the Downtown Development Authority of the City of Miami,
Florida.
GENERAL FUND DRI FUND TOTAL ALL
FUNDS
Estimated Revenues
Ad Valorem Tax Levy 5,256,281 5,256,281
Other Revenue 597,500 597,500
Carryover Funds from Prior Years 2,467,254 2,467,254
Downtown Development Regional Impact 400,000 400,000
(DRI) Fund
Total Sources 8,321,035 400,000 8,721,035
City of Miami Page I of 3 File Id: 11-00750 (Version: 2) Printed On: 9/16/2011
File Number: 11-00750 Enactment Number: R-11-0340
Use of Funds
Agency Operating Expenditures 1,039,858 1,039,858
Capital Improvements, Urban Design, 2,616,591 2,616,591
Transportation & Services
Signage & Wayfinding Program 1,500,000 1,500,000
Marketing & Economic Development 2,419,586 2,419,586
Strategic Partnership & Sponsorships 495,000 495,000
Subtotal 8,071,035 • 8,071,035
Property Valuation Contingency 250,000 250,000
Downtown Development Regional Impact 400,000 400,000
(DRI) Expenditures
Total Uses 8,321,035 400,000 8,721,035
Section 3. Said appropriations are the anticipated expenditure requirements for the
Downtown Development Authority for the period October 1, 2011 to September 30, 2012, 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, 2011 and ending September 30,
2012.for operations of the City of Miami.
Section 7. 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
Footnotes:
City of Miami Page 2 of 3 File Id: 11-00750 (Version: 2) Printed On: 9/16/2011
File Number 11-00750 Enactment Number: R-11-0340
{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: 11-00750 (Version: 2) Printed On: 9/16/2011