HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #2886
Date: 09/15/2017
Commission Meeting Date: 09/28/2017
Requesting Department: Downtown
Development Authority
Sponsored By:
District Impacted: All
Type: Resolution
Subject: Adopt Final Budget for FY 2017-18 - DDA
Purpose of Item:
The DDA requests that the City Commission adopt the attached Appropriations
Resolution for the fiscal year beginning October 1, 2017 and ending September 30,
2018.
Background of Item:
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 DDA for the
purpose of financing the operations of the DDA.
The DDA budget for FY2016-2017 was based on ad valorem revenues of $7,808,726.
The proposed DDA budget for FY2017-2018 is based on estimated ad valorem of
$8,791,683. This represents an increase in ad valorem of $982,957.
Attached for City Commission approval is an Appropriations Resolution for the DDA for
fiscal year beginning October 1, 2017 and ending September 30, 2018.
Budget Impact Analysis
Item has NOT an Expenditure
Total Fiscal Impact:
<Insert Account information Here>
Downtown Development Authority
Office of Management and Budget
Office of Management and Budget
Legislative Division
Office of the City Attorney
Office of the City Attorney
City Commission
Office of the Mayor
Office of the City Clerk
Legislative Division
Office of the City Attorney
Office of the City Attorney
Office of the City Attorney
Reviewed B
Alyce Robertson
Pedro Lacret
Christopher M Rose
Maricarmen Lopez
Maricarmen Lopez
Maricarmen Lopez
Nicole Ewan
Mayor's Office
City Clerk's Office
Valentin J Alvarez
Xavier Alban
Barnaby L. Min
Victoria Mendez
Department Head Review
Budget Analyst Review
Budget Review
Legislative Division Review
Deputy City Attorney Review
Approved Form and Correctness
Meeting
Completed
Completed
Completed
Skipped
Skipped
Skipped
Completed
Signed by the Mayor Completed
Signed and Attested by the City Clerk Completed
Legislative Division Review Completed
ACA Review
Deputy Attorney Review
Approved Form and Correctness
Completed
Completed
Completed
09/19/2017 7:20 PM
09/20/2017 11:24 AM
09/20/2017 1:09 PM
09/28/2017 12:42 PM
09/28/2017 12:42 PM
09/28/2017 12:42 PM
09/28/2017 5:05 PM
09/29/2017 3:02 PM
09/29/2017 3:06 PM
09/29/2017 5:06 PM
09/29/2017 5:17 PM
09/29/2017 5:21 PM
09/29/2017 5:21 PM
City of Miami
Legislation
Resolution
Enactment Number: R-17-0473
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 2886 Final Action Date:9/28/2017
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING AND ADOPTING THE FINAL ANNUAL BUDGET OF THE DOWNTOWN
DEVELOPMENT AUTHORITY ("MIAMI DDA") OF THE CITY OF MIAMI, FLORIDA
("CITY"), ATTACHED AND INCORPORATED, IN THE TOTAL AMOUNT OF
$11,940,683.00, AND MAKING APPROPRIATIONS FROM THE DOWNTOWN
DEVELOPMENT DISTRICT AD VALOREM TAX LEVY AND OTHER
MISCELLANEOUS INCOME FOR THE Miami DDA, FOR THE FISCAL YEAR
BEGINNING OCTOBER 1, 2017 AND ENDING SEPTEMBER 30, 2018;
AUTHORIZING THE Miami 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, 2017 AND ENDING SEPTEMBER 30, 2018 FOR THE OPERATIONS OF
THE CITY.
WHEREAS, Section 14-59 of the Code of the City of Miami, Florida, as amended ("City
Code"), provides that the Downtown Development Authority ("Miami DDA") of the City of Miami,
Florida ("City") shall submit its annual budget for its operations to the City Commission for
approval; and
WHEREAS, the Board of Directors of the Miami DDA approved and adopted the Miami
DDA's preliminary budget for Fiscal Year 2017-2018 on July 21, 2017, pursuant to DDA
Resolution 28/2017; and
WHEREAS, the City Commission approved and adopted the Miami DDA's tentative
budget for the Fiscal Year 2017-2018 on September 19, 2017, pursuant to City Commission
Resolution No.17-0428; and
WHEREAS, the Miami DDA requests the approval of the final budget, attached and
incorporated as Exhibit "A," for the Fiscal Year commencing October 1, 2017 and ending
September 30, 2018, in the total amount of $11,940,683.00;
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 Miami DDA's final annual budget, attached and incorporated as Exhibit
"A," in the total amount of $11,940,683.00, for the operations of the Miami DDA for the Fiscal
Year commencing October 1, 2017 and ending September 30, 2018, is approved and adopted.
Section 3. With the exception of the $317,000.00 contribution to the Tri-Rail Downtown
Miami Link Project, the abovementioned operating expenditures are merely anticipatory and
thus, the Board of Directors of the Miami DDA is hereby authorized to withhold any of these
appropriated funds from encumbrance or expenditure should such action appear advantageous
to the economic and efficient operation of the Miami DDA.
Section 4. The Miami DDA is further authorized to make transfers between the detailed
accounts comprising any of the amounts appropriated in Section 2 above so that any available
and required balance in such accounts may be used for other necessary and proper purposes.
Section 5. Subject to Chapter 18 of the City Code, the Miami DDA is further authorized
to solicit bids for the purposes of procuring any materials, supplies, equipment, and services
embraced in the amounts appropriated in Section 2 above for which formal bidding is required
with such bids being returnable as required by law.
Section 6. This Resolution shall be deemed supplemental and in addition to the
Resolution making appropriations for the operations of the City for the Fiscal Year commencing
October 1, 2017 and ending September 30, 2018.
Section 7. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.'
APPROVED AS TO FORM AND CORRECTNESS:
ndez, City Httor ey 9/29/2017
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.