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Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 11-00750a Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION ADOPTING A BUDGET AND
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,
FLORI DA;
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.
Estimated Revenues
Ad Valorem Tax Levy
Other Revenue
Carryover Funds from Prior Years
Downtown Development Regional Impact
(DRI) Fund
Total Sources
GENERAL FUND DRI FUND TOTAL ALL
FUNDS
5,256,281 5,256,281
597,500 597,500
2,467,254 2,467,254
400,000 400,000
8,321,035 400,000 8,721,035
City of Miami
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File Id: 11-00750a (Version: 1) Printed On: 9/19/2011
File Number: 11-00750a
Use of Funds
Agency Operating Expenditures
Capital Improvements, Urban Design,
Transportation & Services
Signage & Wayfinding Program
Marketing & Economic Development
Strategic Partnership & Sponsorships
Subtotal
Property Valuation Contingency
Downtown Development Regional Impact
(DRI) Expenditures
Total Uses
1,039,858
2,616, 591
1,500,000
2,419, 586
495,000
8,071,035
250,000
8,321,035
400,000
400,000
1,039,858
2,616, 591
1,500,000
2,419, 586
495,000
8,071,035
250,000
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
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File Id: 11-00750a (Version: 1) Printed On: 9/19/2011
File Number: 11-00750a
{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
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File Id: 11-00750a (Version: 1) Printed On: 9/19/2011