HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #16351
Date: 07/22/2024
Commission Meeting Date: 09/07/2024
Type:
Subject:
Requesting Department: Coconut Grove
Business Improvement District Board
Sponsored By:
District Impacted: District 2
Resolution
Approve Annual Budget FY '25 - Coconut Grove BID
Purpose of Item:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE COCONUT GROVE
BUSINESS IMPROVEMENT DISTRICT ("BID") IN THE AMOUNT OF $1,903,000.00,
ATTACHED AND INCORPORATED AS COMPOSITE EXHIBIT "A", TO PROVIDE FOR
THE MANAGEMENT, OPERATIONS, MAINTENANCE, AND CAPITAL
IMPROVEMENTS OF THE BID FOR THE FISCAL YEAR COMMENCING OCTOBER
1, 2024 AND ENDING SEPTEMBER 30, 2025.
Budget Impact Analysis
Item is NOT Related to Revenue
Item has NOT an Expenditure
Item is NOT funded by Bonds
Total Fiscal Impact:
Total Fiscal Impact: $1,903,000.00
Maintenance Cost: $1,903,000.00
Start Up Capital Cost: $0
Reviewed B
Department of Real Estate and Asset Management
Review Completed 07/24/2024 5:39 PM
Office of Management and Budget Calvin Fifer
Office of Management and Budget Marie Gouin
City Manager's Office
City Manager's Office
Legislative Division
Office of the City Attorney
Office of the City Attorney
City Commission
Office of the Mayor
Office of the City Clerk
Office of the City Clerk
Larry M. Spring
Arthur Noriega V
Valentin J Alvarez
Xavier Alban
George K. Wysong III
Maricarmen Lopez
Mayor's Office
City Clerk's Office
City Clerk's Office
Mark Burns
Department Head
Budget Analyst Review Completed
Budget Review Completed
Assistance City Manager Completed
City Manager Review Completed
Legislative Division Review Completed
ACA Review Completed
Approved Form and Correctness Completed
Meeting Completed
Signed by the Mayor Completed
Signed and Attested by the City Clerk Completed
Rendered Completed
07/24/2024 5:49 PM
08/06/2024 8:54 PM
08/28/2024 2:35 PM
08/28/2024 3:23 PM
08/28/2024 3:34 PM
08/28/2024 5:01 PM
08/28/2024 5:05 PM
09/07/2024 10:00 AM
09/12/2024 2:52 PM
09/12/2024 3:32 PM
09/12/2024 3:32 PM
City of Miami
Legislation
Resolution
Enactment Number: R-24-0316
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 16351 Final Action Date:9/7/2024
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE COCONUT GROVE
BUSINESS IMPROVEMENT DISTRICT ("BID") IN THE AMOUNT OF $1,903,000.00,
ATTACHED AND INCORPORATED AS EXHIBIT "A", TO PROVIDE FOR THE
MANAGEMENT, OPERATIONS, MAINTENANCE, AND CAPITAL IMPROVEMENTS
OF THE BID FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2024, AND
ENDING SEPTEMBER 30, 2025.
WHEREAS, the City of Miami (" City") established, approved, and created the Coconut
Grove Business Improvement District ("BID") pursuant to Ordinance No. 13059 adopted March
12, 2009, as subsequently amended by Ordinance No. 13171 adopted May 13, 2010,
Ordinance No. 13255 adopted March 10, 2011, as re-established and approved pursuant to
Resolution No. 19-0024 adopted January 19, 2019 and Ordinance No. 13833 adopted April 25,
2019; and
WHEREAS, the BID was re-established to stabilize and improve retail and other
businesses within Coconut Grove through promotion, management, marketing, and other similar
services including, but not limited to, coordination, funding, implementation, and maintenance of
infrastructure improvements and other projects; and
WHEREAS, Section 2-1257 of the Code of the City of Miami, Florida, as amended,
provides that the BID shall submit its annual budget for its management, operation, and
maintenance to the City Commission for approval; and
WHEREAS, the BID Board reviewed and approved the BID's annual budget for Fiscal
Year 2024-2025 on June 20, 2024, in the amount of $1,903,000.00, attached and incorporated
as Exhibit "A"; and
WHEREAS, the BID requests the approval of the budget for the Fiscal Year
commencing October 1, 2024, and ending September 30, 2025, in the amount of
$1,903,000.00, attached and incorporated as Exhibit "A";
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 BID' s annual budget in the amount of $1,903,000.00, 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.'
APPROVED AS TO FORM AND CORRECTNESS:
ge Wy ng III, C y tor -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.