HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #16535
Date: 08/20/2024
Commission Meeting Date: 09/07/2024
Requesting Department: Bayfront Park
Management Trust
Sponsored By:
District Impacted: All
Type: Resolution
Subject: Approve Annual Budget FY '25 - Bayfront Park Management Trust
Purpose of Item:
RESOLUTION OF THE BAYFRONT PARK MANAGEMENT TRUST ("TRUST")
APPROVING AND ADOPTING THE ANNUAL BUDGET ATTACHED IN THE AMOUNT OF
TWENTY-NINE MILLION NINE HUNDRED AND FIFTY HOUSAND AND ELEVEN
DOLLARS WITH TWENTY CENTS (USD ($29,950,011.20) IN REVENUE TO PROVIDE
FOR THE MANAGEMENT, OPERATIONS, MAINTENANCE AND CAPITAL
IMPROVEMENTS OF THE MILDRED AND CLAUDE PEPPER BAYFRONT PARK AND
MAURICE A. FERRE PARK FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2024,
AND ENDING ON SEPTEMBER 30, 2025.
Background of Item:
THE BAYFRONT PARK MANAGEMENT TRUST (TRUST) WAS CREATED BY THE
MIAMI CITY COMMISSION TO DIRECT, OPERATE, MANAGE AND MAINTAIN ALL
ASPECTS OF BAYFRONT PARK AND MAURICE A. FERRE PARK. THE TRUST
OPERATES ON EARNED INCOME AND RECEIVES NO FUNDING FROM THE CITY OF
MIAMI. PURSUANT TO SECTION 38-109 OF THE CODE OF THE CITY OF MIAMI,
FLORIDA, THE TRUST SUBMITS ITS ANNUAL BUDGET TO THE CITY COMMISSION
FOR APPROVAL.
Budget Impact Analysis
Item is NOT Related to Revenue
Item has NOT an Expenditure
Item is NOT funded by Bonds
Total Fiscal Impact:
N/A
Reviewed B
District 3 - Commissioner Joe Carollo
Review Completed 08/20/2024 4:23 PM
Office of Management and Budget Donovan Dawson
Office of Management and Budget Marie Gouin
City Manager's Office Asael Marrero
City Manager's Office Arthur Noriega V
Legislative Division Valentin J Alvarez
Office of the City Attorney Xavier Alban
Jose Suarez
Budget Analyst Review
Budget Review
Assistance City Manager
City Manager Review
Legislative Division Review
ACA Review
Department Head
Completed
Completed
Completed
Completed
Completed
Completed
08/23/2024 11:37 AM
08/23/2024 1:51 PM
08/26/2024 9:20 AM
08/26/2024 9:32 AM
08/26/2024 12:33 PM
08/27/2024 9:31 PM
Office of the City Attorney
City Commission
Office of the Mayor
Office of the City Clerk
Office of the City Clerk
George K. Wysong III
Maricarmen Lopez
Mayor's Office
City Clerk's Office
City Clerk's Office
Approved Form and Correctness Completed
Meeting Completed
Signed by the Mayor Completed
Signed and Attested by the City Clerk Completed
Rendered Completed
08/28/2024 11:06 AM
09/07/2024 10:00 AM
09/12/2024 2:55 PM
09/12/2024 3:37 PM
09/12/2024 3:37 PM
City of Miami
Legislation
Resolution
Enactment Number: R-24-0322
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 16535 Final Action Date:9/7/2024
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE BAYFRONT PARK
MANAGEMENT TRUST IN THE TOTAL AMOUNT OF $29,950,011.20, ATTACHED
AND INCORPORATED AS EXHIBIT "A", TO PROVIDE FOR THE MANAGEMENT,
OPERATIONS, MAINTENANCE, AND CAPITAL IMPROVEMENTS OF THE MILDRED
AND CLAUDE PEPPER BAYFRONT PARK AND MAURICE A. FERRE PARK FOR
THE FISCAL YEAR COMMENCING OCTOBER 1, 2024, AND ENDING SEPTEMBER
30, 2025.
WHEREAS, the Bayfront Park Management Trust ("Trust") is a limited agency and
instrumentality of the City of Miami ("City") created pursuant to Ordinance No. 10348 adopted
November 19, 1987, as subsequently amended from time to time; and
WHEREAS, the Trust is responsible for directing, operating, managing, and maintaining
all aspects of Mildred and Claude Pepper Bayfront Park and Maurice A. Ferre Park (collectively,
"Parks"); and
WHEREAS Section 38-109 of the Code of the City of Miami, Florida, as amended,
provides that the Trust shall submit its annual budget for the management, operation,
maintenance, and capital expenditures of the Parks to the City Commission for approval; and
WHEREAS the governing body of the Trust reviewed and approved the Trust's annual
budget for Fiscal Year 2024-2025 in the total amount of $29,950,011.20, attached and
incorporated as Exhibit "A" ("Budget"), on July 30, 2024, for the management, operation,
maintenance, and capital expenditures for the Parks; and
WHEREAS the Trust requests the approval by the City Commission of the Budget,
attached and incorporated as Exhibit "A", for Fiscal Year 2024-2025 in the total amount of
$29,950,011.20.
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 Trust's Budget for the management, operation, maintenance, and capital
improvements of the Parks in the total amount of $29,950,011.20, attached and incorporated as
Exhibit "A", for the Fiscal Year commencing October 1, 2024, and ending September 30, 2025,
is approved and adopted.
Section 3. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.1
APPROVED AS TO FORM AND CORRECTNESS:
ge Wy ng III, C "y ttor y 8/28/2024
1 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) 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.