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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #2820 Date: 08/11/2017 Commission Meeting Date: 09/19/2017 Requesting Department: Wynwood Business Improvement District Board Sponsored By: District Impacted: All Type: Resolution Subject: Approve Annual Budget FY'18 - Wynwood BID Purpose of Item: The Wynwood Business Improvement District seeks to approve the 2017-2018 operational budget at the September 14, 2017 Budget Commission meeting. Background of Item: Attached is the internal Wynwood BID budget and City of Miami budget form for the Commission's review as per approval on July 25, 2017 and August 14, 2017. Budget Impact Analysis Total Fiscal Impact: $ 856,588 Reviewed B Wynwood Business Improvement District Board Review Completed 08/16/2017 10:45 AM Office of Management and Budget Everton Garvis Office of Management and Budget Christopher M Rose City Manager's Office Fernando Casamayor City Manager's Office Daniel J. Alfonso Legislative Division Marta Gomez Office of the City Attorney Xavier Alban Office of the City Attorney Barnaby L. Min Office of the City Attorney Victoria Mendez City Commission Nicole Ewan City Commission Nicole Ewan Office of the Mayor Mayor's Office Office of the City Clerk City Clerk's Office Legislative Division Valentin J Alvarez Office of the City Attorney Barnaby L. Min Office of the City Attorney Victoria Mendez Manny Gonzalez Budget Analyst Review Budget Review Assistant City Manager Review City Manager Review Legislative Division Review ACA Review Deputy City Attorney Review Approved Form and Correctness Meeting Meeting Signed by the Mayor Department Head Completed Completed Completed Completed Completed Completed Completed Completed Completed Completed Completed Signed and Attested by the City Clerk Completed Legislative Division Review Completed Deputy Attorney Review Completed Approved Form and Correctness with Modification(s) 08/17/2017 8:52 AM 08/17/2017 8:54 AM 08/28/2017 5:03 PM 08/28/2017 5:19 PM 08/28/2017 5:23 PM 08/29/2017 9:31 AM 08/29/2017 9:49 AM 08/29/2017 4:22 PM 09/14/2017 5:05 PM 09/19/2017 5:05 PM 09/20/2017 3:59 PM 09/20/2017 4:08 PM 11/13/2017 10:30 AM 11/15/2017 7:51 PM Completed City of Miami Legislation Resolution Enactment Number: R-17-0439 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 2820 Final Action Date:9/19/2017 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE WYNWOOD BUSINESS IMPROVEMENT DISTRICT ("BID"), ATTACHED AND INCORPORATED, IN THE AMOUNT OF $863,206.00 TO PROVIDE FOR THE MANAGEMENT, OPERATION, AND MAINTENANCE OF THE BID FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2017 AND ENDING SEPTEMBER 30, 2018. WHEREAS, the City of Miami ("City") established, approved, and adopted the Wynwood Business Improvement District ("BID") pursuant to Ordinance No. 13404, adopted September 12, 2013, as amended by Ordinance No. 13453, adopted May 8, 2014; and WHEREAS, the BID was established to stabilize and improve retail and other businesses within Wynwood through promotion, management, marketing, and other similar services including, but not limited to, coordination, funding, implementation, and maintenance of infrastructure improvements, security, sanitation, and other projects; and WHEREAS, Section 2-1323 of the Code of the City of Miami, Florida, as amended, provides that the BID shall submit its annual budget for its management, operation, and maintenance to the City Commission for approval; and WHEREAS, the BID Board reviewed and approved the BID's budget for Fiscal Year 2017-2018 on August 14, 2017; and WHEREAS, the BID requests the approval of the budget for the Fiscal Year commencing October 1, 2017 and ending September 30, 2018 in the amount of $863,206.00; 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 BID's Fiscal Year 2017-2018 budget, attached and incorporated, in the amount of $863,206.00 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.' 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. APPROVED AS TO FORM AND CORRECTNESS: