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Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 14-00821a Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION ADOPTING A FINAL BUDGET
IN THE AMOUNT OF $8,972,156.00 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, 2014 AND ENDING SEPTEMBER 30, 2015;
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, 2014 AND ENDING SEPTEMBER 30, 2015 FOR THE OPERATIONS
OF THE CITY.
WHEREAS, the Board of Directors of the Downtown Development Authority ("DDA") of the City of
Miami ("City"), Florida on July 18, 2014 has approved and submitted to the City Commission an
Estimated Budget in the amount of $8,972,156.00 ("DDA's Budget") of the expenditures and revenues
of the DDA for the Fiscal Year beginning October 1, 2014 and ending September 30, 2015, as
prepared by the Executive Director of the DDA, a copy of said budget having been made available in a
newspaper of general circulation of the City; and
WHEREAS, Section 14-59 of the Code of the City of Miami, Florida, as amended, provides that the
DDA shall submit its annual budget to the City Commission for approval; and
WHEREAS, the City Commission has reviewed the DDA'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 herein as fully set forth in this Section.
Section 2. The following budget and appropriations for Fiscal Year 2014-2015 are hereby
approved for the maintenance and for the purpose of financing the operations and other legal and
proper purposes of the DDA and of the City.
GENERAL FUND DRI FUND TOTAL ALL
FUNDS
Estimated Revenues
Ad Valorem Tax Levy 6,417,242 6,417,242
Other Revenue 1,500,000 1,500,000
Carryover Funds from Prior Years 739,914 739,914
Downtown Development Regional Impact (DRI) Funds 315,000 315,000
TOTAL SOURCES 8,657,156 315,000 8,972,156
Use of Funds
City of Miami Page 1 of 2 File Id: 14-00821a (Version: 1) Printed On: 9/15/2014
File Number.: 14-00821a
Agency Operating Expenditures 1,152,860 1,152,860
CIP, Urban Design, Transportation&.Services 2,705,435 2,705,435
Signage &_Wayfinding Program "• ' ` 1,485,000 1,485,000
Economic Development, Marketing;&' PR 2,363,461 2,363,461
Strategic Partnerships & Sponsorslijps 950,400 950,400
SUBTOTAL 8,657,156 8,657,156
Downtown Development Regional Impact (DRI) Funds 315,000 315,000
TOTAL USES 8,657,156 315,000 8,972,156
Section 3. Said appropriations are the anticipated expenditurerequirements for the DDA for the_ .
period October 1, 2014 to September 30, 2015, but are not mandatory should efficient administration
of the DDA or altered economic conditions indicate that a curtailment in certain expenditures is
necessary. The Board of Directors of. the DDA 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 DDA.
Section 4. The DDA 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 DDA 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, 2014 and ending September 30, 2015 for
operations of the City.
Section 7. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor. {1}
APPROVED AS TO FORM AND CORRECTNESS:
VICT bRIA ME DEZ I 6
CITY ATTORNEY
Footnotes:
{1} 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: 14-00821a (Version: 1) Printed On: 9/15/2014