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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #4614 Date: 08/15/2018 Commission Meeting Date: 09/13/2018 Requesting Department: Bayfront Park Management Trust Sponsored By: District Impacted: All Type: Resolution Subject: Approve Annual Budget FY '19 - Bayfront Park Management Trust Purpose of Item: The nature of this item is to present the Bayfront Park Management Trust (BPMT) Operating & Capital Improvement Budgets for FY 2018-19 to the City of Miami Commission for approval and adoption. The BPMT budget provides for the operation, maintenance and capital improvements of the Mildred and Claude Pepper Bayfront Park and Museum Park in the amount of $11,712,728. Background of Item: The Bayfront Park Management Trust (Trust) was created by the Miami City Commission to direct, operate, manage and maintain all aspects of Bayfront and Museum Parks. The Trusts operates on earned income and receives no funding from the City of Miami. Pursuant to Section 38-109 of the Code of the City of Miami, Florida, the Trust submits its annual budget to the City Commission for approval. Budget Impact Analysis Item has NOT an Expenditure Item is NOT funded by Bonds Item is NOT Related to Revenue Total Fiscal Impact: $11,712,728 impacts the Bayfront Park Management Trust: $00 dollars affect the City of Miami budget. Bayfront Park Management Trust Office of Management and Budget Office of Management and Budget Office of Management and Budget City Manager's Office City Manager's Office 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 Reviewed B Jose Gell Carolina Aguila Carolina Aguila Christopher M Rose Nzeribe Ihekwaba Nikolas Pascual Marta Gomez Marta Gomez Victoria Mendez Nicole Ewan Mayor's Office City Clerk's Office Valentin J Alvarez Department Head Review Budget Analyst Review Budget Analyst Review Budget Review Assistant City Manager Review City Manager Review Legislative Division Review Deputy City Attorney Review Approved Form and Correctness Meeting Completed Skipped Skipped Completed Completed Completed Completed Skipped Completed Completed Signed by the Mayor Completed Signed and Attested by the City Clerk Completed Legislative Division Review Completed 09/04/2018 4:10 PM 08/20/2018 12:32 PM 09/04/2018 4:11 PM 09/04/2018 5:51 PM 09/04/2018 7:30 PM 09/04/2018 8:07 PM 09/04/2018 9:21 PM 09/04/2018 7:19 PM 09/04/2018 9:22 PM 09/13/2018 5:05 PM 09/24/2018 4:17 PM 09/24/2018 4:47 PM 02/20/2019 11:21 AM Office of the City Attorney Xavier Alban ACA Review Completed 02/20/2019 11:31 AM Office of the City Attorney Barnaby L. Min Deputy Attorney Review Completed 02/20/2019 11:41 AM Office of the City Attorney Victoria Mendez Approved Form and Correctness with Modification(s) Completed Office of the City Clerk City Clerk's Office Rendered Completed 02/26/2019 3:33 PM City of Miami Legislation Resolution Enactment Number: R-18-0387 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 4614 Final Action Date:9/13/2018 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE BAYFRONT PARK MANAGEMENT TRUST, IN THE AMOUNT OF $11,117,728.00, ATTACHED AND INCORPORATED, TO PROVIDE FOR THE MANAGEMENT, OPERATIONS, MAINTENANCE AND CAPITAL IMPROVEMENTS OF THE MILDRED AND CLAUDE PEPPER BAYFRONT PARK AND MUSEUM PARK, FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2018 AND ENDING SEPTEMBER 30, 2019. WHEREAS, the Bayfront Park Management Trust ("Trust") is a limited agency and instrumentality of the City of Miami ("City") created pursuant to Ordinance No. 10348 adopted November 19, 1987 as subsequently amended by Ordinance No. 10571 adopted Aprill3, 1989; Ordinance No. 10688 adopted January 11, 1990; Ordinance No. 10928 October 3, 1991; Ordinance. No. 11044 adopted March 11, 1993; Ordinance No. 11107 adopted December 16, 1993; Ordinance No. 11130 adopted March 24, 1994; Ordinance No. 11151 adopted May 23, 1994; Ordinance No. 11189 adopted October 27, 1994; Ordinance No. 11348 adopted March 14, 1996; Ordinance No. 11373 adopted June 27, 1996; Ordinance No. 11564 adopted October 28, 1997; and Ordinance No. 12439 adopted November 13, 2003; and WHEREAS, the Trust is responsible for directing, operating, managing, and maintaining all aspects of Mildred and Claude Pepper Bayfront Park and Museum Park ("Parks"); and WHEREAS, Section 38-109 of the Code of the City of Miami, Florida, as amended, provides that the Trust shall submit its annual budget for the management, operation, maintenance, and capital expenditures of the Parks to the City Commission for approval; and WHEREAS, the governing body of the Trust reviewed and approved the Trust's annual budget for Fiscal Year 2018-2019 on August 29, 2018; and WHEREAS, the Trust requests the approval of the budget for the Fiscal Year commencing October 1, 2018 and ending September 30, 2019 in the amount of $11,712,728.00; 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 Trust's annual budget in the amount of $11,712,728.00, attached and incorporated as Exhibit "A", to provide for the management, operation, maintenance, and capital improvements of the Parks for the Fiscal Year commencing October 1, 2018 and ending September 30, 2019 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 9/4/2018 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.