HomeMy WebLinkAboutMemo - DDA:MIAMI
DOWNTOWN DEVELOPMENT AUTHORITY
Memorandum
To: The Honorable Mayor and Members of the City Commission
From: Alyc M. Robertson, Executive Director
Augst
u
Date: 14, 2012
Subject: Miami DDA
Appropriations Resolution for FY 2012-2013
Re: For September 13, 2012 City Commission Meeting
Recommendation
It is respectfully requested that the City Commission adopt the attached Appropriations Resolution
for the Miami Downtown Development Authority for the Fiscal Year beginning October 1, 2012 and
ending September 30, 2013.
Background
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 Downtown Development District for the
purpose of financing the operations of the Miami Downtown Development. Authority ("DDA").
The DDA budget for the FY 2011-2012 was based on ad valorem revenues of $5,498,202. The
proposed DDA budget for FY 2012-2013 is based on estimated ad valorem revenues of $5,584,506.
This represents an increase in ad valorem revenues of $86,304.
Attached for City Commission approval is an Appropriations Resolution for the Miami Downtown
Development Authority for the Fiscal Year beginning October 1, 2012 and ending September 30,
2013.
Attachments
A: Proposed Resolution Re: the Adoption of DDA Appropriations for FY 12-13
B: DDA Board Resolution No. 29/2012 in support of proposed budget for FY 12-13
C: TRIM forms DR-420 and DR420MM-P completed by the DDA
cc: Julie O. Bru, City Attorney (via email)
Veronica Xiques, Assistant City Attorney (via email)
Elva Gallastegui, Agenda Office (via email)
Miami Downtown Development Authority
200 S. Biscayne Boulevard, Suite 2929
Wachovia Financial Center
Miami, Florida 33131
Tel: 305.579.6675
Fax: 305.371.2423
Web: www.miamidda.com