HomeMy WebLinkAboutLegislationCity of Miami
Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 12-00932a 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,
2012 AND ENDING SEPTEMBER 30, 2013; 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, 2012 AND ENDING SEPTEMBER 30, 2013, 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, 2012 and ending September 30, 2013, 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 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 fully set forth in this Section.
Section 2. The following appropriations for Fiscal Year 2012-2013 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.
GENERAL FUND DRI FUND TOTAL ALL
FUNDS
Estimated Revenues
Ad Valorem Tax Levy 5,584,506 5,584,506
Other Revenue 50,000 50,000
Carryover Funds from Prior Years 2,917,090 2,917,090
Downtown Development Regional Impact (DRI) Funds 300,000 300,000
TOTAL SOURCES 8,551,596 300,000 8,551,596
Use of Funds
Agency Operating Expenditures 1,018,150 1,018,150
City of Miami Page 1 of 2 File Id: 12-00932a (Version: 1) Printed On: 9/17/2012
File Number: 12-00932a
CIP, Urban Design, Transportation & Services 2,677,817 2,677,817
Slgnage & Wayfinding Program 1,500,000 1,500,000
Marketing & Economic Development 2,248,629 2,248,629
Strategic Partnerships & Sponsorships
SUBTOTAL
Property Valuation Contingency
Downtown Development Regional Impact (DR!) Funds
857,000 857,000
8,301,596 8,301,596
250,000 250,000
300,000 300,000
TOTAL USES 8,551,596 300,000 8,851,596
Section 3. Said appropriations are the anticipated expenditure requirements for the Downtown
Development Authority for the period October 1, 2012 to September 30, 2013, 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, 2012 and ending September 30, 2013 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:
{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: 12-00932a (Version: 1) Printed On: 9/17/2012