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HomeMy WebLinkAboutR-19-0361City of Miami Resolution R-19-0361 Legislation 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. City of Miami Page 1 of 2 File ID: 6326 (Revision:) Printed On: 4/24/2025 File ID: 6326 Enactment Number: R-19-0361 APPROVED AS TO FORM AND CORRECTNESS: City of Miami Page 2 of 2 File ID: 6326 (Revision:) Printed on: 4/24/2025