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HomeMy WebLinkAboutR-18-0392City of Miami Resolution R-18-0392 Legislation 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: City of Miami Page 1 of 2 File ID: 4582 (Revision:) Printed On: 4/3/2025 File ID: 4582 Enactment Number: R-18-0392 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, ity ktor 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 City of Miami Page 2 of 2 File ID: 4582 (Revision:) Printed on: 4/3/2025