HomeMy WebLinkAboutDDA ResolutionsRESOLUTION NO. 19 /2016
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF
MIAMI, FLORIDA, AUTHORIZING THE EXECUTIVE
DIRECTOR TO ESTABLISH A PROPOSED MILLAGE RATE FOR
THE DOWNTOWN DEVELOPMENT DISTRICT OF THE CITY OF
MIAMI, FLORIDA FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 2016 AND ENDING SEPTEMBER 30, 2017 AT
0.4681 MILLS.
WHEREAS, Section 200.065(2)(a)1, Florida Statutes (2010) ("Statute"), requires each taxing
authority to establish a proposed millage rate; and
WHEREAS, the Statute stipulates that the proposed millage rate be submitted to the Miami -Dade
County Property Appraiser and the Tax Collector; and
WHEREAS, the proposed millage rate reflects the levy necessary to realize property tax revenues
anticipated in the Fiscal Year 2016-2017 Budget for the Downtown Development Authority of the City of
Miami ("DDA"); and
WHEREAS, the Statute requires that the proposed tax rate be included on tax notices; and
WHEREAS, the proposed millage rate submitted to the Property Appraiser is not binding but
necessary for the purpose of preparation of tax notices.
NOW THEREFORE, be it resolved by the Board of Directors of the Downtown Development
Authority of the City of Miami, Florida.
Section 1. The recitals are true and correct and are adopted by reference and incorporated as
if fully set forth in this Section.
Section 2. The DDA Board of Directors hereby authorizes the Executive Director to
establish a proposed millage rate for the Downtown Development District of the City of Miami, Florida
for the Fiscal Year beginning October 1, 2016 and ending September 30, 2017 at 0.4681 mills.
Section 3. The Executive Director of the DDA is instructed to submit said proposed rate for
the Downtown Development District of the City of Miami, Florida to the Miami -Dade County Property
Appraiser and Tax Collector.
PASSED AND ADOPTED this 15th day of July, 2016.
` �� ifirir r essell
/-4
./ Alyce M. Ro s ertson, Executive Director
ATTEST:
Karry aravi
Se tary to the Board of Directors
RESOLUTION NO. 20/2016
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE MIAMI
DOWNTOWN DEVELOPMENT AUTHORITY ("DDA") OF THE CITY OF
MIAMI, FLORIDA, APPROVING THE PRELIMINARY ANNUAL BUDGET OF
THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY FOR THE FISCAL
YEAR BEGINNING OCTOBER 1, 2016 AND ENDING SEPTEMBER 30, 2017,
REQUESTING THAT THE MIAMI CITY COMMISSION ESTABLISH THE
MILLAGE TO SUPPORT THE FINANCIAL REQUIREMENTS OF THE
BUDGET; AUTHORIZING THE EXECUTIVE DIRECTOR OF THE MIAMI
DOWNTOWN DEVELOPMENT AUTHORITY TO EXPEND FUNDS FOR THE
BUDGET; DIRECTING THE EXECUTIVE DIRECTOR TO FILE A DETAILED
STATEMENT OF THE PROPOSED EXPENDITURES AND ESTIMATED
REVENUES FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2016 AND
ENDING SEPTEMBER 30, 2017 WITH THE CITY CLERK OF THE CITY OF
MIAMI AFTER ADOPTION AND ESTABLISHMENT OF THE MILLAGE BY
THE MIAMI CITY COMMISSION; AND FURTHER PROVIDING THAT A
COPY OF THIS RESOLUTION BE FILED WITH THE CITY CLERK OF THE
CITY OF MIAMI.
WHEREAS, the Miami Downtown Development Authority (DDA) of the City of Miami,
Florida has prepared a preliminary budget for the Fiscal Year beginning October 1, 2016 and
ending September 30, 2017; and
WHEREAS, the Board of Directors of the DDA has reviewed said budget, said budget
being based on the Estimated Tax Roll provided by Miami -Dade County; and
WHEREAS, the Board of Directors of the DDA finds that the proposed budget is
necessary in order to further the objectives of the Downtown Development Authority, as
authorized by City Ordinance.
NOW THEREFORE, be it resolved by the Board of Directors of the Miami Downtown
Development Authority of the City of Miami, Florida:
Section 1. The recitals are true and correct and are adopted by reference and
incorporated as if fully set forth in this section.
Section 2. The preliminary budget of the DDA, as submitted by the Executive
Director, is made part of this Resolution and is hereby approved and shall be known as the
"Annual Budget of the Miami Downtown Development Authority: Fiscal Year October 1, 2016
through September 30, 2017".
Section 3. The following appropriations for the Fiscal Year beginning October 1,
2016 and ending September 30, 2017 are hereby made for the purpose of financing the operation
and other legal and proper purposes of the Miami Downtown Development Authority of the City
of Miami, Florida, to wit:
GENERAL FUND
DRI TOTAL ALL FUNDS
Revenue Sources
Ad Valorem Tax Levy
Total Sources
Fund Balances/Reserves
Downtown Development Regional Impact (DRI) Funds
Use of Funds
7,923,830
7,923,830
7,923,830 7,923,830
1,140,270 1,140,270
150,000 150,000
Total Revenues and Balances 9,064,100 150,000 9,214,100
Leadership, Advocacy & Operations 1,116,700 1,116,700
Arts, Culture & Entertainment 1,030,450 1,030,450
Business Development & Marketing 1,965,950 1,965,950
Quality of Life 2,392,800 2,392,800
Urban Placemaking 1,191,600 1,191,600
Transit, Connectivity & Mobility 1,066,600 1,066,600
Trl-Rail Downtown Link 300,000 300,000
Subtotal 9,064,100 - 9,064,100
Fund Balances/Reserves
Downtown Development Regional Impact (DRI) Expenditures
150,000 150,000
Total Uses 9,064,100 150,000 9,214,100
Section 4. The Commission of the City of Miami is requested to adopt said
preliminary budget and establish the millage, authorized by law, to support the financial
requirements of this budget.
Section 5. The Executive Director of the Miami Downtown Development Authority
is authorized to expend funds, including new salary rates, as provided in said budget, after
adoption and establishment of the millage by the Miami City Commission, upon the first day of
the 2016-2017 Fiscal Year, October 1, 2016.
Section 6. The Executive Director of the DDA is directed to prepare and file with
the City Clerk of the City of Miami, Florida detailed statement of the proposed expenditures and
estimated revenues for the Fiscal Year 2016-2017, which shall be entitled "Annual Budget of the
Miami Downtown Development Authority: Fiscal Year October 1, 2016 through September 30,
2017".
Section 7. A copy of this Resolution and the attachment shall be filed with the City
Clerk of the City of Miami, Florida after adoption of the millage by the City of Miami
Commission.
PASSED AND ADOPTED this 15th day of July, 2016.
ussell, Chairman
Alyce . Robertson, Executive Director
ATTEST:
Ka y rav
Secre ry to the Board of the Directors