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HomeMy WebLinkAboutPre-Legislation DDA-SUBTHIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. RESOLUTION NO. 016/2019 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA AUTHORIZING THE EXECUTIVE DIRECTOR TO ESTABLISH A PROPOSED MILLAGE RATE FOR THE DOWNTOWN DEVELOPMENT DISTRICT OF TIDE CITY OF MIAMI, FLORIDA FOR THE. FISCAL YEAR BEGINNING OCTOBER 1, 2019 AND ENDING SEPTEMBER 30. 2020 AT 0.4681 MILLS. - WHEREAS, Section 200.065(2Xa)1, Florida Statutes (2017) ("Statute"), requires each taxing authority to establish a proposed millage rate; and WHEREAS, the Statute stipulates that the proposed millage rate be submitted to the Miami -Dade County Property Appraiser and the Tax Collector; and WHEREAS, the proposed millage rate reflects the levy necessary to realize property tax revenues anticipated in the Fiscal Year 2019-2020 Budget for the Downtown Development Authority of the City of Miami ("Miami DDA"); and WHEREAS, the Statute requires that the proposed tax rate be included on tax notices; and WHEREAS, the proposed millage rate submitted to the Property Appraiser is not binding but necessary for the purpose of preparation of tax notices; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals are true and correct and are adopted by reference and incorporated as if fully set forth in this Section. Section 2. The Miami DDA Board of Directors hereby authorizes the Executive Director to establish a proposed millage rate for the Downtown Development District of the City of Miami, Florida ("District") for the Fiscal Year beginning October I, 2019 and ending September 30, 2020 at 0.4681 mills, Section 3. The Executive Director of the Miami DDA is instructed to subrnit said proposed millage rate for the Downtown Development District of the City of Miami, Florida to the Miami -Dade County Property Appraiser and Tax Collector. 6050 Pre -Legislation DDA-SUB THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. Section 4. This Resolution shall become effective immediately upon its adoption. ivonne de la Vega Secretary to the Board of Dir PASSED AND ADOPTED this 19th daof Jn1y, 2019. innussioner Ken Russell Aly e M. Robertson, Executive Director r\) .le [J7 CO THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. RESOLUTION NO. 017/2019 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA ("MIAMI DDA") APPROVING THE PRELIMINARY ANNUAL BUDGET OF THE MIAMI DDA FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2019 AND ENDING SEPTEMBER 30, 2020; REQUESTING THAT THE MIAMI CITY COMMISSION ESTABLISH THE MILLAGE TO SUPPORT THE FINANCIAL REQUIREMENTS OF THE BUDGET; AUTHORIZING THE EXECUTIVE DIRECTOR OF THE MIAMI DDA TO EXPEND FUNDS FOR THE BUDGET; DIRECTING THE EXECUTIVE DIRECTOR TO FILE A DETAILED STATEMENT OF THE PROPOSED EXPENDITURES AND ESTIMATED REVENUES FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2019 AND ENDING SEPTEMBER 30, 2020 WITH THE CITY CLERK OF THE CITY OF MIAMI ("CLERK") AFTER ADOPTION AND ESTABLISHMENT OF THE MILLAGE BY THE MIAMI CITY COMMISSION; AND FURTHER PROVIDING THAT A COPY OF THIS RESOLUTION BE FILED WITH THE CLERK. WHEREAS, the Miami Downtown Development Authority of the City of Miami, Florida ("Miami DDA") has prepared a preliminary budget for the Fiscal Year beginning October 1, 2019 and ending September 30, 2020 ("Fiscal Year"); and WHEREAS, the Board of Directors of the Miami DDA has reviewed said budget on the Estimated Tax Roll provided by Miami -Dade County; and WHEREAS, the Board of Directors of the Miami DDA funds that the proposed budget is necessary in order to further the objectives of the Miami DDA, as authorized by the Code of the City of Miami, Florida, as amended; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA:: Section I. The recitals are true and correct and are adopted by reference and incorporated as if fully set forth in this Section. Section 2. The preliminary budget of the Miami DDA, as submitted by the Executive Director is made part of this Resolution and is hereby approved and shall be known as the "Annual Budget of the Miami Downtown Development Authority: Fiscal Year October 1, 2019 through September 30, 2020". Section 3. The following appropriations for the Fiscal Year BEGINNING October 1, 2019 and ending September 30, 2020 are hereby made for the purpose of financing the operations and other legal and proper purposes of the Miami DDA: THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. Revenue Sources Ad Valorem Tax Levy Other Revenue Use of Funds Total Sources Carryover Funds from P rior Ye a rs GENERAL FUND 9,920,0343 365,000 10,28%000 2,413,087 Total Revenues and Balances 12, 69B oa7 General Expenses 3,577,152 Leadership, Advocacy and Operations 1,020,203 Urbanism 4,883,.250 Enterprise 1,920,750 Subtotal 11,401,552 Total Uaes Fund Balences/Reservea 1,296,735 12y698, 67 -30 N co Section 4. The Executive Director is directed to submit a copy of this preliminary budget as well as this Resolution to the Miami City Commission and to request the Miami City Commission to adopt said preliminary budget and establish the millage, authorized by law, to support the financial requirements of this budget. Section 5. The Executive Director is authorized to expend funds, including new salary rates, as provided in said budget, after adoption and establishment of the millage by the Miami City Commission, beginning October 1, 2019. Section b. The Executive Director is directed to prepare and file with the City Clerk of the City of Miami, Florida ("Clerk") a detailed statement of the proposed expenditures and estimated revenues for the Fiscal Year 2019-2020, which shall be entitled "Annual Budget of the Miami Downtown Development Authority: Fiscal Year October 1, 2019 through September 30, 2020" Section 7. A copy of this Resolution and the attachment(s) shall be filed with the Clerk after adoption of the millage by the Miami City Commission. Section 8. This Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this 19th r ; of r ly, 2 1 19. , Chairman yce M. Robertson, Executive Director Ivonne de la Vega Secretary to the Board of the Directors SUBSTITUTED RESOLUTION NO. XXX/2019 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA AUTHORIZING THE EXECUTIVE DIRECTOR TO ESTABLISH A PROPOSED MILLAGE RATE FOR THE DOWNTOWN DEVELOPMENT DISTRICT OF THE CITY OF MIAMI, FLORIDA FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2019 AND ENDING SEPTEMBER 30, 2020 AT MILLS. WHEREAS, Section 200.065(2)(a)1, Florida Statutes (2017) ("Statute"), -quires each taxing authority to establish a proposed millage rate; and WHEREAS, the Statute stipulates that the proposed millage rate be s .mitted to the Miami -Dade County Property Appraiser and the Tax Collector; and WHEREAS, the proposed millage rate reflects the levy necessa to realize property tax revenues anticipated in the Fiscal Year 2019-2020 Budget for the Downtown D elopment Authority of the City of Miami ("Miami DDA"); and WHEREAS, the Statute requires that the proposed tax e be included on tax notices; and WHEREAS, the proposed millage rate submitteo the Property Appraiser is not binding but necessary for the purpose of preparation of tax notices; NOW, THEREFORE, BE IT RESOLVE ►i BY THE BOARD OF DIRECTORS OF THE DOWNTOWN DEVELOPMENT AUTHORITY G THE CITY OF MIAMI, FLORIDA: Section 1. The recitals are true if fully set forth in this Section. correct and are adopted by reference and incorporated as Section 2. The Miami D 1,• Board of Directors hereby authorizes the Executive Director to establish a proposed millage rate for e Downtown Development District of the City of Miami, Florida ("District") for the Fiscal Year beg' ing October 1, 2019 and ending September 30, 2020 at mills. Section 3. The E -cutive Director of the Miami DDA is instructed to submit said proposed millage rate for the Downto n Development District of the City of Miami, Florida to the Miami -Dade County Property Appraise ' and Tax Collector. SUBSTITUTED Section 4. This Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this 19' day of July, 2019. Commissioner K- Russell Alyce M. Robertson, E cutive Director ATTEST: Ivonne de la Vega Secretary to the Board of Directors SUBSTITUTED RESOLUTION NO. XX/2019 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA ("MIAMI DDA") APPROVING THE PRELIMINARY ANNUAL BUDGET OF THE DDA FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2019 AND ENDING SEPTEMBER 30, 2020; REQUESTING THAT THE M CITY COMMISSION ESTABLISH THE MILLAGE TO SUPPORT T FINANCIAL REQUIREMENTS OF THE BUDGET; AUTHORIZING HE EXECUTIVE DIRECTOR OF THE MIAMI DDA TO EXPEND FUNDS FI THE BUDGET; DIRECTING THE EXECUTIVE DIRECTOR TO FILE A D . AILED STATEMENT OF THE PROPOSED EXPENDITURES AND E IMATED REVENUES FOR THE FISCAL YEAR BEGINNING OCTOBER , 2019 AND ENDING SEPTEMBER 30, 2020 WITH THE CITY CLERK OF HE CITY OF MIAMI ("CLERK") AFTER ADOPTION AND ESTABLIS i ENT OF THE MILLAGE BY THE MIAMI CITY COMMISSION; AND FUR ' ER PROVIDING THAT A COPY OF THIS RESOLUTION BE FILED WITH ' E CLERK. WHEREAS, the Miami Downtown Development Au ority of the City of Miami, Florida ("Miami DDA") has prepared a preliminary budget for the seal Year beginning October 1, 2019 and ending September 30, 2020 ("Fiscal Year"); and WHEREAS, the Board of Directors of the Estimated Tax Roll provided by Miami -Dade Cou ami DDA has reviewed said budget on the y; and WHEREAS, the Board of Directors o the Miami DDA finds that the proposed budget is necessary in order to further the objectives the Miami DDA, as authorized by the Code of the City of Miami, Florida, as amended; NOW, THEREFORE, BE IT SOLVED BY THE BOARD OF DIRECTORS OF THE MIAMI DOWNTOWN DEVELOP ENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA: Section 1. The r- itals are true and correct and are adopted by reference and incorporated as if fully set fo i in this Section. Section 2. ' e preliminary budget of the Miami DDA, as submitted by the Executive Director is made part • ' this Resolution and is hereby approved and shall be known as the "Annual Budget of the Miai ' Downtown Development Authority: Fiscal Year October 1, 2019 through September 30, 20 Sect 3. The following appropriations for the Fiscal Year BEGINNING October 1, 2019 and - ding September 30, 2020 are hereby made for the purpose of financing the operations and oth egal and proper purposes of the Miami DDA: Page 1 of 2 SUBSTITUTED GENERAL FUND Revenue Sources Ad Valorem Tax Levy Other Revenue Total Sources Fund Balances/Reserves Total Revenues and Balances Use of Funds Leadership, Advocacy & Operations Arts, Culture & Entertainment Business Development & Marketing Quality of Life Urban Placemaking Transit, Connectivity & Mobility Tri-Rail Downtown Link Subtotal Fund Balances/Reserves Total Uses Section 4. The Executive Director is directed to s .mit a copy of this preliminary budget as well as this Resolution to the Miami City Commiss •n and to request the Miami City Commission to adopt said preliminary budget and establis . the millage, authorized by law, to support the financial requirements of this budget. Section 5. The Executive Director is a orized to expend funds, including new salary rates, as provided in said budget, after adop on and establishment of the millage by the Miami City Commission, beginning October 1, 20 Section 6. The Executive Direc ; is directed to prepare and file with the City Clerk of the City of Miami, Florida ("Clerk") a . etailed statement of the proposed expenditures and estimated revenues for the Fiscal Year 21 9-2020, which shall be entitled "Annual Budget of the Miami Downtown Development Auth•. ity: Fiscal Year October 1, 2019 through September 30, 2020". Section 7. A copy this Resolution and the attachment(s) shall be filed with the Clerk after adoption of the mil . ge by the Miami City Commission. Section 8. T r s Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this 19th day of July, 2019. A ' EST: Ivonne de la Vega Secretary to the Board of the Directors Commissioner Ken Russell, Chairman Alyce M. Robertson, Executive Director Page 2 of 2