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HomeMy WebLinkAboutResolutionCity of Miami Legislation Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 11-00203 Final Action Date: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING THE CITY OF MIAMI'S ("CITY'S") AMENDED 2010-2011 MULTI -YEAR CAPITAL PLAN ("PLAN"), WHICH INCLUDES THE PROJECTS IN DISTRICT 3, ATTACHED AND INCORPORATED, AS REQUIRED BY SECTION 163.3177, FLORIDA STATUTES (2010), AND PURSUANT TO CHAPTER 18/ ARTICLE IX/DIVISIONS 1 AND 2 OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, ENTITLED "FINANCE/FINANCIAL POLICIES/ANTI-DEFICIENCY ACT/FINANCIAL INTEGRITY PRINCIPLES," TO SET FORTH THE CITY'S FISCAL NEEDS FOR CAPITAL IMPROVEMENTS, SUBJECT TO AN ANNUAL PLAN REVIEW, TO DETERMINE PROJECT PRIORITIES AND TO MODIFY FUNDING ALLOCATIONS AS NECESSARY. WHEREAS, a capital improvement programming process to support the Comprehensive Plan is required by the Local Government Comprehensive Planning and Land Development Regulation Act, more particularly, Section 163.3177, Florida Statutes (2010) and pursuant to Chapter 18/Article IX/Divisions 1 and 2 of the Code of the City of Miami, Florida, as amended ("City Code"), entitled "Finance/Financial Policies/Anti-Deficiency Act/Financial Integrity Principles;" and WHEREAS, a Capital Improvements Plan is a policy and management tool to plan municipal borrowing and indebtedness over a period of time, to establish annual expenditures within a framework of long-range fiscal requirements and to serve as an official statement of the City of Miami's ("City's") development plans; and WHEREAS, pursuant to Resolution No. 11-0073 adopted February 24, 2011, the City Commission approved the 2010-2011 Multi -Year Capital Plan with the exception of the projects in District 3; and WHEREAS, it is now necessary to amend the plan to include the projects in District 3, as further detailed in the attached Exhibit A; and WHEREAS, said plan will be subject to annual review, consideration and modification as needed, to determine project priorities and to modify funding allocations as necessary; 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 City's amended 2010-2011 Multi -Year Capital Plan ("Plan"), attached and incorporated, is approved, as required by Section 163.3177, Florida Statutes (2010) and pursuant to Chapter 18/Article IX/ Division 1 and 2 of the City Code, entitled "Finance/Financial Policies/Anti-Deficiency Act/Financial Integrity Principles," to set forth the City's fiscal needs for capital City of Miami Page 1 of 2 File Id: 11-00203 (Version: 1) Printed On: 7/30/2024 File Number: 11-00203 improvements, subject to an annual Plan review, to determine project priorities and to modify funding allocations as necessary. Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor. {1} Footnotes: {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 2 of 2 File Id: 11-00203 (Version: 1) Printed On: 7/30/2024