HomeMy WebLinkAboutMemo - DDAIAM DDA
DOWNTOWN DEVELOPMENT AUTHORITY
Memorandum
To: The,lonorable Mayor pd Members of the City Commission
From: A. yce Ml Robert son,')[;xecutive Director
Date: August 11, 2014
Subject: Miami DDA Tentative Budget and
Appropriations Resolution for FY 2014-2015
Re: For September 9, 2014 City Commission Meeting
Recommendation
It is respectfully requested that the City Commission adopt the attached tentative budget and
appropriations resolution for the Miami Downtown Development Authority for the Fiscal Year
beginning October 1, 2014 and ending September 30, 2015.
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 2013-2014 was based on ad valorem revenues of $5,964,043. The
proposed DDA budget for FY 2014-2015 is based on estimated ad valorem revenues of $6,417,242.
This represents an increase in ad valorem revenues of $453,199.
Attached for City Commission approval is a tentative budget and appropriations resolution for the
Miami Downtown Development Authority for the Fiscal Year beginning October 1, 2014 and ending
September 30, 2015,
Attachments
A: Proposed Resolution Re: the Adoption of DDA tentative budget and appropriations for FY 14-15
B: DDA Board Resolution No. 23/2014 in support of proposed budget for FY 14-15
C: TRIM forms DR-420 and DR420MM-P completed by the DDA
cc: Victoria Mendez, City Attorney (via email)
Warren Bittner, Deputy Emeritus (via email)
Julia Hernandez, 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