HomeMy WebLinkAboutR-18-0388City of Miami
Resolution R-18-0388
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 4619 Final Action Date: 9/13/2018
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE VIRGINIA KEY
BEACH PARK TRUST ("TRUST"), ATTACHED AND INCORPORATED, IN THE
AMOUNT OF $300,000.00 FROM CITY OF MIAMI OPERATING FUNDS, $50,000.00
FROM TRUST CARRYOVER FUNDS, $28,000.00 FROM TRUST CASH WITH THE
FISCAL AGENT, $65,000.00 IN GRANTS, AND $700,000.00 IN ANTICIPATED
REVENUE, FOR A TOTAL AMOUNT OF $1,143,000.00, TO PROVIDE FOR THE
MANAGEMENT, OPERATION, MAINTENANCE, AND CAPITAL EXPENDITURES OF
HISTORIC VIRGINIA KEY BEACH PARK FOR THE FISCAL YEAR COMMENCING
OCTOBER 1, 2018 AND ENDING SEPTEMBER 30, 2019.
WHEREAS, the Virginia Key Beach Park Trust ("Trust") is a limited agency and
instrumentality of the City of Miami ("City") created pursuant to Ordinance No. 12003 adopted
December 14, 2000, as subsequently amended by Ordinance No. 12201 adopted March 14,
2002; Ordinance No. 12857 adopted October 12, 2006; Ordinance No. 13004 adopted June
12, 2008; Ordinance No. 13065 adopted May 14, 2009; Ordinance No. 13170 adopted May
13, 2010; and Ordinance No. 13681 adopted May 25, 2017; and
WHEREAS, the Trust, in cooperation with the Department of Parks and Recreation and
other City departments, is guided by its vision to preserve the Historic Virginia Key Beach Park
("Park") in a manner consistent with the environmental health, public use, historical importance,
and the aspirations of the African American community; and
WHEREAS, Section 38-237 of the Code of the City of Miami, Florida, as amended,
provides that the Trust shall submit its annual budget for its management, operation,
maintenance, and capital expenditures to the City Commission for approval; and
WHEREAS, the governing body of the Trust reviewed and approved the Trust's budget
for Fiscal Year 2018-2019 on April 3, 2018 in the total amount of $1,143,000.00; and
WHEREAS, the Trust requests the approval of the annual budget for the Fiscal Year
commencing October 1, 2018, and ending September 30, 2019, in the amount of $300,000.00
from the City's operating funds, $50,000.00 from the Trust's carryover funds, $25,000.00 from
the Trust's cash with the Miami Foundation as the Trust's fiscal agent ("Fiscal Agent"),
$65,000.00 from Grants, and $700,000.00 in anticipated revenue, for a total amount of
$1,143,000.00;
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.
City of Miami Page 1 of 2 File ID: 4619 (Revision:) Printed On: 4/3/2025
File ID: 4619 Enactment Number: R-18-0388
Section 2. The Trust's annual budget, attached and incorporated, in the amount of
$300,000.00 from the City's operating funds, $50,000.00 from the Trust's carryover funds,
$28,000.00 from the Trust's cash with the Fiscal Agent, $65,000.00 from Grants, and
$700,000.00 in anticipated revenue, for a total amount of $1,143,000.00 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 ttor ey 9/4/2018
1 If the Mayor does not sign this Resolution, it shall become effective at the end of (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 commission.
City of Miami Page 2 of 2 File ID: 4619 (Revision:) Printed on: 4/3/2025