HomeMy WebLinkAboutLegislationCity of Miami
Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 13-00916 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, 2013 AND
ENDING SEPTEMBER 30, 2014; 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, 2013 AND ENDING SEPTEMBER 30, 2014, 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, 2013
and ending September 30, 2014, 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 of Miami; and
WHEREAS, the City Commission has reviewed the Downtown Development Authority's Budget;
NOW, THEREFORE, BE IT ORDAINED 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 2013-2014 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 5,964,043 5,096,043
Other Revenue 1,000,000 1,000,000
Carryover Funds from Prior Years 1,871,190 1,871,190
Downtown Development Regional Impact (DRI) Funds 315,000 315,000
TOTAL SOURCES 8,835,233 315,000 9,150,233
Use of Funds
Agency Operating Expenditures 1,086,588 1,086,588
City of Miami Page 1 of 2 File Id: 13-00916 (Version: 1) Printed On: 8/27/2013
File Number: 13-00916
CIP, Urban Design, Transportation & Services
Signage & Wayfinding Program
Economic Development, Marketing & PR
2,761,920 2,761,920
1,500,000
1,500,000
2,291,325 2,291,325
Strategic Partnerships & Sponsorships 945,400 945,400
SUBTOTAL 8,585,233 8,585,233
Property Valuation Contingency 250,000 250,000
Downtown Development Regional Impact (DRI) Funds 315,000 315,000
TOTAL USES 8,835,233 315,000 9,150,233
Section 3. Said appropriations are the anticipated expenditure requirements for the Downtown
Development Authority for the period October 1, 2013 to September 30, 2014, 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, 2013 and ending September 30, 2014 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. BRO.)
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: 13-00916 (Version: 1) Printed On: 8/27/2013