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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #6327 Date: 08/08/2019 Commission Meeting Date: 09/12/2019 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 $5,248,219 to provide for the operations, maintenance, and capital improvements of the BID, for the fiscal year commencing October 1, 2019 and ending September 30, 2020. Background of Item: The City of Miami re-established, approved, and created the Coconut Grove Business Improvement District ("BID") pursuant to Resolution No. 19-0024 adopted on January 10, 2019, and Ordinance No. 13833 adopted April 25, 2019. In Section 2-1257 of the Code of the City of Miami, Florida, as amended, provides that the BID shall submit its annual budget for its management, operation, and maintenance to the City Commission for approval. The budget is hereto attached. Budget Impact Analysis Item is Related to Revenue Item is NOT funded by Bonds Total Fiscal Impact: $ 5,248,219 Reviewed B Coconut Grove Business Improvement District Board Review Skipped 08/13/2019 1:09 PM Civilian Investigative Panel Abigael Mahony Office of Management and Budget Rene Lazaro Hernandez Office of Management and Budget Carolina Aguila 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 Valentin J Alvarez Office of the City Attorney Victoria Mendez City Commission Maricarmen Lopez Office of the Mayor Mayor's Office Office of the City Clerk City Clerk's Office Carolina Aguila 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 Signed by the Mayor Department Head Completed Completed Skipped Completed Completed Completed Completed Skipped Completed Completed Completed Signed and Attested by the City Clerk Completed 08/20/2019 10:38 AM 08/20/2019 5:02 PM 08/21/2019 12:58 PM 08/22/2019 6:46 AM 08/22/2019 5:22 PM 08/23/2019 10:10 AM 08/30/2019 3:47 PM 08/30/2019 3:48 PM 08/30/2019 4:02 PM 09/12/2019 5:05 PM 09/16/2019 4:36 PM 09/16/2019 4:46 PM Office of the City Clerk City Clerk's Office Rendered Completed 09/16/2019 4:47 PM City of Miami Legislation Resolution Enactment Number: R-19-0360 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 6327 Final Action Date:9/12/2019 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 AS COMPOSITE EXHIBIT "A", IN THE AMOUNT OF $5,248,219.00 TO PROVIDE FOR THE MANAGEMENT, OPERATION, AND MAINTENANCE OF THE BID FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2019, AND ENDING SEPTEMBER 30, 2020. 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, Ordinance No. 13255 adopted March 10, 2011, as re-established and approved pursuant to Resolution No. 19-0024 adopted January 19, 2019 and Ordinance No. 13833 adopted April 25, 2019; and WHEREAS, the BID was re-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, 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 2019-2020 on July 29, 2019 in the amount of $5,248,219.00, as attached and incorporated as Composite Exhibit "A"; and WHEREAS, the BID requests the approval of the budget for the Fiscal Year commencing October 1, 2019, and ending September 30, 2020, in the amount of $5,248,219.00, as attached and incorporated as Composite Exhibit "A"; 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 $5,248,219.00, attached and incorporated as Composite Exhibit "A", for the fiscal year commencing October 1, 2019, and ending September 30, 2020, 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: 1 If the Mayor does not sign this Resolution, it shall become effective at the end of ten 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