HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #4585
Date: 08/15/2018
Commission Meeting Date: 09/13/2018
Requesting Department: Downtown
Development Authority
Sponsored By:
District Impacted: All
Type: Resolution
Subject: Approve Annual Budget FY '19 - Downtown Development Authority
Purpose of Item:
The DDA requests that the City Commission adopt the attached Appropriations
Resolution for the fiscal year beginning October 1, 2018 and ending September 30,
2019.
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 FY2017-2018 was based on ad valorem revenues of $8,791,683.
The proposed DDA budget for FY2018-2019 is based on estimated ad valorem of
$9,120,000. This represents an increase in ad valorem of $328,317.
Attached for City Commission approval is an Appropriations Resolution for the DDA for
fiscal year beginning October 1, 2018 and ending September 30, 2019.
Budget Impact Analysis
Item has NOT an Expenditure
Total Fiscal Impact:
N/A
Downtown Development Authority
Office of Management and Budget
Office of Management and Budget
Office of Management and Budget
City Manager's Office
Legislative Division
City Manager's Office
Office of the City Attorney
Office of the City Attorney
City Commission
Office of the Mayor
Office of the City Clerk
Office of the City Clerk
Reviewed B
Alyce Robertson
Carolina Aguila
Jacques Joseph
Christopher M Rose
Fernando Casamayor
Valentin J Alvarez
Nikolas Pascual
Barnaby L. Min
Victoria Mendez
Nicole Ewan
Mayor's Office
City Clerk's Office
City Clerk's Office
Department Head Review Completed
Budget Analyst Review Skipped
Budget Analyst Review Completed
Budget Review Completed
Assistant City Manager Review Completed
Legislative Division Review Completed
City Manager Review Completed
Deputy City Attorney Review Completed
Approved Form and Correctness Completed
Meeting Completed
Signed by the Mayor Completed
Signed and Attested by the City Clerk Completed
Rendered Completed
08/21/2018 3:41 PM
08/21/2018 3:43 PM
08/22/2018 12:48 PM
08/24/2018 11:39 AM
08/24/2018 2:18 PM
08/27/2018 9:56 AM
08/27/2018 11:00 AM
08/27/2018 11:07 AM
08/29/2018 4:01 PM
09/13/2018 5:05 PM
09/24/2018 4:16 PM
09/24/2018 4:46 PM
09/24/2018 10:22 PM
City of Miami
Legislation
Resolution
Enactment Number: R-18-0385
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 4585 Final Action Date:9/13/2018
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING AND ADOPTING THE TENTATIVE ANNUAL BUDGET OF THE
DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA
("DDA"), ATTACHED AND INCORPORATED, IN THE TOTAL AMOUNT OF
$12,436,000.00, AND MAKING APPROPRIATIONS FROM THE DOWNTOWN
DEVELOPMENT DISTRICT AD VALOREM TAX LEVY AND OTHER
MISCELLANEOUS INCOME FOR THE DDA FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 2018, AND ENDING SEPTEMBER 30, 2019; AUTHORIZING THE DDA
TO MAKE TRANSFERS BETWEEN ACCOUNTS FOR NECESSARY AND PROPER
PURPOSES; AUTHORIZING THE DDA TO INVITE AND ADVERTISE REQUIRED
BIDS; PROVIDING THAT THIS RESOLUTION BE DEEMED SUPPLEMENTAL AND IN
ADDITION TO THE RESOLUTION MAKING APPROPRIATIONS FOR THE FISCAL
YEAR BEGINNING OCTOBER 1, 2018 AND ENDING SEPTEMBER 30, 2019, FOR
THE OPERATIONS OF THE CITY OF MIAMI.
WHEREAS, Section 14-59 of the Code of the City of Miami, Florida, as amended ("City
Code"), provides that the Downtown Development Authority of the City of Miami, Florida
("DDA") shall submit its annual budget for its operations to the City Commission for approval;
and
WHEREAS, the Board of Directors of the DDA approved and adopted the DDA's
preliminary budget for Fiscal Year 2018-2019 on July 20, 2018, pursuant to DDA Resolution No.
24/2018 in the total amount of $12,436,000.00; and
WHEREAS, the DDA requests the approval of the tentative annual budget for the Fiscal
Year ("FY") commencing October 1, 2018, and ending September 30, 2019, in the total amount
of $12,436,000.00;
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 DDA's tentative annual budget in the total amount of $12,436,000.00,
attached and incorporated, for the operations of the DDA for the FY commencing October 1,
2018, and ending September 30, 2019, is approved and adopted and appropriations are made
from the Downtown Development District ad valorem tax levy and other miscellaneous income
for the DDA.
Section 3. The abovementioned operating expenditures are merely anticipatory and the
Board of Directors of the 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 DDA.
Section 4. The DDA is 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 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 of Miami for the FY commencing
October 1, 2018, and ending September 30, 2019.
Section 7. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.2
APPROVED AS TO FORM AND CORRECTNESS:
ndez, ity Attor ey 8/29/2018
1 The herein authorization is further subject to compliance with all requirements that may be imposed by
the City Attorney, including but not limited, to those prescribed by applicable City Charter and City Code
provisions.
2 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.