HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #16399
Date: 07/19/2024
Commission Meeting Date: 09/07/2024
Requesting Department: Downtown
Development Authority
Sponsored By:
District Impacted: N/A
Type: Resolution
Subject: Approve Tentative Budget FY '25 - Downtown Development Authority
Purpose of Item:
The Downtown Development Authority of the City of Miami ("Miami DDA") requests that
the City Commission adopt the attached Appropriations Resolution for the fiscal year
beginning on October 1, 2024 and ending September 30, 2025.
Background of Item:
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 Miami DDA for the
purpose of financing the operations of the Miami DDA.
The Miami DDA budget for FY2023-2024 was based on ad valorem tax revenues of
$12,970,000. The proposed Miami DDA budget for FY2024-2025 is based on the
estimated ad valorem tax revenues of $13,550,000. This represents an increase in ad
valorem tax revenues of $580,000.
Attached for City Commission approval is an Appropriations Resolution for the Miami
DDA for fiscal year beginning October 1, 2024 and ending September 30, 2025.
Budget Impact Analysis
Item is Related to Revenue
Item has NOT an Expenditure
Item is NOT funded by Bonds
Total Fiscal Impact:
N/A
Downtown Development Authority
Office of Management and Budget
Office of Management and Budget
City Manager's Office
Legislative Division
Office of the City Attorney
Office of the City Attorney
City Commission
Reviewed B
Christina Crespi
Pedro Lacret
Marie Gouin
Arthur Noriega V
Valentin J Alvarez
Xavier Alban
George K. wysong III
Maricarmen Lopez
Department Head Review
Budget Analyst Review
Budget Review
City Manager Review
Legislative Division Review
ACA Review
Approved Form and Correctness
Meeting
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
07/19/2024 2:29 PM
07/29/2024 9:26 AM
08/06/2024 8:53 PM
08/07/2024 5:33 PM
08/08/2024 9:05 AM
08/27/2024 9:40 PM
08/28/2024 11:08 AM
09/07/2024 10:00 AM
Office of the Mayor Mayor's Office Signed by the Mayor Completed 09/07/2024 1:46 PM
Office of the City Clerk City Clerk's Office Signed and Attested by the City Clerk Completed 09/07/2024 1:48 PM
Office of the City Clerk City Clerk's Office Rendered Completed 09/07/2024 1:56 PM
City of Miami
Legislation
Resolution
Enactment Number: R-24-0314
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 16399 Final Action Date:9/7/2024
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING AND ADOPTING THE PROPOSED ANNUAL BUDGET OF THE
DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA
("MIAMI DDA"), ATTACHED AND INCORPORATED AS EXHIBIT "A", IN THE TOTAL
AMOUNT OF $21,738,700.00, AND MAKING APPROPRIATIONS FROM THE
DOWNTOWN DEVELOPMENT DISTRICT AD VALOREM TAX LEVY AND OTHER
MISCELLANEOUS INCOME FOR THE MIAMI DDA, FOR THE FISCAL YEAR
BEGINNING OCTOBER 1, 2024, AND ENDING SEPTEMBER 30, 2025;
AUTHORIZING THE MIAMI DDA TO MAKE TRANSFERS BETWEEN ACCOUNTS
FOR NECESSARY AND PROPER PURPOSES; AUTHORIZING THE MIAMI DDA TO
INVITE AND ADVERTISE REQUIRED BIDS; PROVIDING THAT THIS RESOLUTION
BE DEEMED SUPPLEMENTAL AND IN ADDITION TO THE RESOLUTION MAKING
APPROPRIATIONS FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2024, AND
ENDING SEPTEMBER 30, 2025, FOR THE OPERATIONS OF THE CITY.
WHEREAS, Section 14-59 of the Code of the City of Miami, Florida, as amended ("City
Code"), provides that the Downtown Development Authority of the City of Miami, Florida ("Miami
DDA"), shall submit its proposed annual budget for its operations to the City Commission for
approval; and
WHEREAS, the Board of Directors of the Miami DDA approved and adopted the Miami
DDA's proposed annual budget for Fiscal Year 2024-2025 on July 12th, 2024, pursuant to
Miami DDA Resolution 015/2024 in the total amount of $21,738,700.00; and
WHEREAS, the Miami DDA requests the approval of the proposed annual budget for the
Fiscal Year commencing October 1, 2024, and ending September 30, 2025, in the total amount
of $21,738,700.00;
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 Miami DDA proposed annual budget, attached and incorporated as
Exhibit "A", in the total amount of $21,738,700.00, for the operations of the Miami DDA to
become the tentative annual budget, for the Fiscal Year commencing October 1, 2024, and
ending September 30, 2025, is approved and adopted, and appropriations are made from the
Downtown Development District ad valorem tax levy and other miscellaneous income for the
Miami DDA.
Section 3. The abovementioned operating expenditures are merely anticipatory and
thus, the Board of Directors of the Miami DDA is hereby authorized to withhold any of these
appropriated funds from encumbrance or expenditure should such action appear advantageous
to the economic and efficient operation of the Miami DDA.
Section 4. The Miami DDA is authorized1 to make transfers between the detailed
accounts comprising any of the amounts appropriated in Section 2 above so that any available
and required balance in such accounts may be used for other necessary and proper purposes.
Section 5. Subject to Chapter 18 of the City Code, the Miami DDA is further authorized
to solicit bids for the purposes of procuring any materials, supplies, equipment, and services
embraced in the amounts appropriated in Section 2 above for which formal bidding is required
with such bids being returnable as required by law.
Section 6. This Resolution shall be deemed supplemental and in addition to the
Resolution making appropriations for the operations of the City for the Fiscal Year commencing
October 1, 2024, and ending September 30, 2025.
Section 7. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.2
APPROVED AS TO FORM AND CORRECTNESS:
ge Wy y ng III, C y ttor -y 8/28/2024
1 The herein authorization is further subject to compliance with all requirements that may be imposed by
the City Attorney, including but not limited, to those prescribed by applicable City Charter and City Code
provisions.
2 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.