HomeMy WebLinkAboutR-24-0386City of Miami
Resolution R-24-0386
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 16452 Final Action Date: 9/26/2024
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING AND ADOPTING THE FINAL ANNUAL BUDGET OF THE
DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI,
FLORIDA ("MIAMI DDA"), ATTACHED AND INCORPORATED IN AMENDED
COMPOSITE EXHIBIT "A," IN THE TOTAL AMOUNT OF $20,499,700.00, 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 OF MIAMI.
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 final 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 12, 2024, pursuant to Miami
DDA Resolution 015/2024, in the total amount of $21,738,700.00 as set forth in Amended
Composite Exhibit "A," attached and incorporated; and
WHEREAS, on September 7, 2024, pursuant to Resolution No. R-24-0314, the Miami
City Commission ("City Commission") approved the Miami DDA's proposed annual budget for
Fiscal Year 2024-2025 in the total amount of $21,738,700.00 to become the Miami DDA's
tentative budget; and
WHEREAS, on September 26, 2024, the Miami DDA proposed an amended reduced
annual budget for the Fiscal Year ("FY") commencing October 1, 2024, and ending September
30, 2025, in the total amount of $20,499,700.00; and
WHEREAS, the Miami DDA requests the City Commission's approval of the tentative
budget to become the final annual budget for the Fiscal Year ("FY") commencing October 1,
2024, and ending September 30, 2025, in the total amount of $20,499,700.00, as set forth in
Amended Composite Exhibit "A," attached and incorporated;
NOW, THEREFORE, BE IT RESOLVED, BY THE COMMISSION OF THE CITY OF
City of Miami Page 1 of 2 File ID: 16452 (Revision: A) Printed On: 10/16/2024
File ID: 16452
MIAMI, FLORIDA:
Enactment Number: R-24-0386
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 tentative annual budget, attached and incorporated in
Amended Composite Exhibit "A," in the total amount of $20,499,700.00, for the operations of the
Miami DDA to become the final 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 authorized' 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 of Miami 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:
rge Wyy ng III, C y ttor -y 9/27/2024
1 The herein authorization is further subject to compliance with all legal requirements that may be
imposed, 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.
City of Miami Page 2 of 2 File ID: 16452 (Revision: A) Printed on: 10/16/2024