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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #4582 Date: 08/03/2018 Commission Meeting Date: 09/13/2018 Requesting Department: Coconut Grove Business Improvement District Board Sponsored By: District Impacted: All Type: Resolution Subject: Approve Annual Budget FY '19 - Coconut Grove Business Improvement District Purpose of Item: A resolution of the Miami City Commission, with attachments, approving and adopting the annual budget of the Coconut Grove Business Improvement District (BID) in the amount of $5,270,633.00, to provide for the operations, maintenance, and capital improvements of the BID, for the fiscal year commencing October 1, 2018 and ending September 30, 2019. Background of Item: The Coconut Grove BID (BID) was established by the Miami City Commission to stabilize and improve retail and other business within the BID District, pursuant to City Commission Resolution #08-0455 adopted on July 24, 2008, and later confirmed in Resolution #09-0076 adopted on February 12, 2009. Section 2-1525 (2) of the Code of the City of Miami, Florida, as amended, provides that the BID shall "Prepare an annual budget to be presented to the city commission for approval." The budget is hereto attached. Budget Impact Analysis Item is Related to Revenue Total Fiscal Impact: $5,270,633.00 (revenue) Reviewed B Coconut Grove Business Improvement District Board Review Completed 08/03/2018 4:21 PM 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 Nikolas Pascual Legislative Division Valentin J Alvarez Office of the City Attorney Barnaby L. Min Office of the City Attorney Victoria Mendez City Commission Nicole Ewan Office of the Mayor Mayor's Office Office of the City Clerk City Clerk's Office Office of the City Clerk City Clerk's Office Nicole Singletary Department Head Budget Analyst Review Completed Budget Review Completed Assistant City Manager Review Completed City Manager Review Completed Legislative Division 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 08/06/2018 10:26 AM 08/24/2018 11:23 AM 08/24/2018 2:17 PM 08/27/2018 10:46 AM 08/30/2018 11:25 AM 08/30/2018 12:29 PM 09/04/2018 2:27 PM 09/13/2018 5:05 PM 09/24/2018 4:20 PM 09/24/2018 4:50 PM 09/24/2018 10:23 PM City of Miami Legislation Resolution Enactment Number: R-18-0392 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 4582 Final Action Date:9/13/2018 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE COCONUT GROVE BUSINESS IMPROVEMENT DISTRICT ("BID"), ATTACHED AND INCORPORATED, IN THE AMOUNT OF $5,270,633.00 TO PROVIDE FOR THE MANAGEMENT, OPERATION, AND MAINTENANCE OF THE BID FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2018, AND ENDING SEPTEMBER 30, 2019, SUBJECT TO RE-ESTABLISHMENT OF THE BID BY THE APPROVAL OF A MAJORITY OF THE AFFECTED PROPERTY OWNERS FOR THE CONTINUED EXISTENCE OF THE BID. WHEREAS, the City of Miami ("City") established, approved, and created the Coconut Grove Business Improvement District ("BID") pursuant to Ordinance No. 13059 adopted March 12, 2009, as subsequently amended by Ordinance No. 13171 adopted May 13, 2010, and Ordinance No. 13255 adopted March 10, 2011; and WHEREAS, the BID was established to stabilize and improve retail and other businesses within Coconut Grove through promotion, management, marketing, and other similar services including, but not limited to, coordination, funding, implementation, and maintenance of infrastructure improvements and other projects; and WHEREAS, Section 2-1257 of the Code of the City of Miami, Florida, as amended ("City Code"), 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 annual budget for Fiscal Year 2018-2019 on June 11, 2018 in the amount of $5,270,633.00; and WHEREAS, subsequently, on July 12, 2018, the City Commission adopted Resolution No. R-18-0294 to re-establish the BID and to authorize the levy and collection of a special assessment for a period of ten (10) years subject to the approval of a majority of affected property owners for the continued existence of the BID; and WHEREAS, the process of obtaining the votes by affidavits of the affected property owners is ongoing, with an affidavit final filing date of October 15, 2018, and subsequent certification of the affidavits by the City Clerk on October 19, 2018; and WHEREAS, the BID requests the approval of the budget for the Fiscal Year commencing October 1, 2018, and ending September 30, 2019, in the amount of $5,270,633.00, subject to the re-establishment of the BID by the approval of a majority of the affected property owners for the continued existence of the BID; 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 annual budget in the amount of $5,270,633.00, attached and incorporated, for the fiscal year commencing October 1, 2018, and ending September 30, 2019, is approved and adopted subject to the re-establishment of the BID by the approval of a majority of the affected property owners for the continued existence of the BID. 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