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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #6326 Date: 08/08/2019 Commission Meeting Date: 09/12/2019 Requesting Department: Wynwood Business Improvement District Board Sponsored By: District Impacted: All Type: Resolution Subject: Approve Annual Budget FY '20 - Wynwood BID Purpose of Item: Annual approval of funds. Background of Item: The Wynwood Business Improvement District Board of the city ("BID board") is herewith established for a period of ten years to improve and strengthen the area known as the Wynwood Arts District as more particularly described in Resolution No. 13-0228 adopted on June 13, 2013 through promotion, management, marketing, and other similar services, including but not limited to, coordination, funding, implementation and maintenance of infrastructure improvements, and other projects. The Wynwood Arts District shall be described herein as the "area." The BID board shall be the board charged with managing the Wynwood Business Improvement District ("BID"). Budget Impact Analysis Item is Related to Revenue Total Fiscal Impact: $1,292,495 Reviewed B Wynwood Business Improvement District Board Review Completed 08/09/2019 11:05 AM Office of Management and Budget Rene Lazaro Hernandez 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 Maricarmen Lopez 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 Manny Gonzalez 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 Completed Completed Completed Completed Completed Completed Completed Signed and Attested by the City Clerk Completed Rendered Completed 08/09/2019 5:53 PM 08/22/2019 6:44 AM 08/22/2019 5:20 PM 08/23/2019 11:49 AM 08/26/2019 4:01 PM 08/26/2019 4:19 PM 08/30/2019 4:03 PM 09/12/2019 5:05 PM 09/16/2019 4:36 PM 09/16/2019 4:46 PM 09/16/2019 4:46 PM City of Miami Legislation Resolution Enactment Number: R-19-0361 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 6326 Final Action Date:9/12/2019 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE WYNWOOD BUSINESS IMPROVEMENT DISTRICT ("BID"), ATTACHED AND INCORPORATED AS COMPOSITE EXHIBIT "A", IN THE AMOUNT OF $1,292,495.00 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, pursuant to Chapter 2, Article XI, Division 21 of the Code of the City of Miami, Florida, as amended ("City Code"), the Wynwood Business Improvement District ("BID") was established to stabilize and improve retail and other businesses within Wynwood through promotion, management, marketing, and other similar services including, but not limited to, coordination, funding, implementation, and maintenance of infrastructure improvements, security, sanitation, and other projects; and WHEREAS, Section 2-1323 of the 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 Board of Directors of the BID reviewed and approved the BID's budget for Fiscal Year 2019-2020 in the total amount of $1,292,495.00 on July 17, 2019 as set forth in Composite Exhibit "A," attached and incorporated; 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 total amount of $1,292,495.00; 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. Section 2. The BID's Fiscal Year 2019-2020 budget, attached and incorporated as Composite Exhibit "A," in the amount of $1,292,495.00 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.' 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. APPROVED AS TO FORM AND CORRECTNESS: