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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #2830 Date: 08/11/2017 Commission Meeting Date: 09/19/2017 Requesting Department: Not Active Miami Sports and Exhibition Authority Sponsored By: District Impacted: Type: Resolution Subject: Approve Annual Budget FY '18 - MSEA Purpose of Item: It is respectfully recommended that the City Commission approve the Miami Sports &Exhibition Authority Operating Budget for Fiscal Year 2017-2018. Background of Item: The Miami Sports & Exhibition Authority (MSEA) was established in 1983, pursuant to Florida Statute 212.057, as an independent and autonomous agency and instrumentally of the City of Miami. Currently, MSEA is being managed by Lourdes Blanco. MSEA was created to promote sports, conventions and exhibitions and to strive to generate community support to achieve this purpose. It was further given the authority to exercise any power usually possessed by private corporations performing similar functions that are not in conflict with the Florida constitution or law. Your approval of the attached budget will enable MSEA to fulfill its mandate. The budget was unanimously approved by the MSEA board at its July 18th, 2017, meeting. Budget Impact Analysis Total Fiscal Impact: $677,150.00 Reviewed B Not Active Miami Sports and Exhibition Authority Review Completed 08/11/2017 12:42 PM Lourdes Blanco Department Head Office of Management and Budget Domingo Echevarria Budget Analyst Review Completed Office of Management and Budget Christopher M Rose Budget Review Completed City Manager's Office Alberto N. Parjus Assitant City Manager Review Completed City Manager's Office Fernando Casamayor City Manager Review Completed Legislative Division Marta Gomez Legislative Division Review Completed Office of the City Attorney Xavier Alban ACA Review Completed Office of the City Attorney Barnaby L. Min Deputy City Attorney Review Completed Office of the City Attorney Victoria Mendez Approved Form and Correctness Completed City Commission Nicole Ewan Meeting Completed City Commission Nicole Ewan Meeting Completed Office of the Mayor Mayor's Office Signed by the Mayor Completed Office of the City Clerk City Clerk's Office Signed and Attested by the City Clerk Completed Legislative Division Valentin J Alvarez Legislative Division Review Completed Office of the City Attorney Xavier Alban ACA Review Completed Office of the City Attorney Barnaby L. Min Deputy Attorney Review Completed 08/15/2017 3:59 PM 08/16/2017 7:59 AM 08/16/2017 1:16 PM 08/16/2017 3:53 PM 08/16/2017 7:50 PM 08/24/2017 2:00 PM 08/24/2017 2:12 PM 08/28/2017 2:23 PM 09/14/2017 5:05 PM 09/19/2017 5:05 PM 09/20/2017 3:53 PM 09/20/2017 4:04 PM 11/13/2017 11:31 AM 11/13/2017 11:36 AM 11/14/2017 5:26 PM Office of the City Attorney Victoria Mendez Approved Form and Correctness with Modification(s) Completed City of Miami Legislation Resolution Enactment Number: R-17-0431 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 2830 Final Action Date:9/19/2017 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE MIAMI SPORTS AND EXHIBITION AUTHORITY ("MSEA"), ATTACHED AND INCORPORATED, IN THE AMOUNT OF $677,150.00 TO PROVIDE FOR THE OPERATIONS AND CAPITAL EXPENDITURES OF MSEA FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2017 AND ENDING SEPTEMBER 30, 2018. WHEREAS, the Miami Sports and Exhibition Authority ("MSEA") was established as an independent and autonomous agency and instrumentality of the City of Miami ("City") pursuant to Ordinance No. 9662, adopted July 28, 1983, in connection with former Florida Statute Section 212.057 (1983) (now repealed and superseded by Florida Statute Section 212.0305 [Convention Development Taxes]), to promote sports, conventions, and exhibitions and to strive to generate community support to achieve this purpose; and WHEREAS, Section 2-1020 of the Code of the City of Miami, Florida, as amended ("City Code"), provides that MSEA shall submit its annual budget for its operations and capital expenditures to the City Commission for approval; and WHEREAS, pursuant to Section 2-1017 of the City Code, MSEA shall, to the greatest extent MSEA determines to be feasible, implement the exercise of its powers in a manner which utilizes and encourages the fullest and most active participation and cooperation of private enterprise; and WHEREAS, the MSEA Board of Directors reviewed and approved MSEA's budget for Fiscal Year 2017-2018 on July 18, 2017; and WHEREAS, the MSEA Board of Directors requests the City Commission to approve the budget for the Fiscal Year commencing October 1, 2017 and ending September 30, 2018 in the amount of $677,150.00; NOW, THEREFORE, BE IT RESOLVED 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 if fully set forth in this Section. Section 2. The MSEA annual budget, attached and incorporated, in the amount of $677,150.00 for the operations and capital expenditures of MSEA for the Fiscal Year commencing October 1, 2017 and ending September 30, 2018, is approved and adopted. Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.' APPROVED AS TO FORM AND CORRECTNESS: ndez, City Attor ey 8/2872017 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.