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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #6313 Date: 08/08/2019 Commission Meeting Date: 09/12/2019 Requesting Department: Bayfront Park Management Trust Sponsored By: District Impacted: All Type: Resolution Subject: Approve Annual Budget FY '20 - Bayfront Park Management Trust Purpose of Item: THE NATURE OF THIS ITEM IS TO PRESENT THE BAYFRONT PARK MANAGEMENT TRUST (BPMT) OPERATING AND CAPITAL IMPROVEMENT BUDGETS FOR FISCAL YEAR 2019-20 TO THE CITY OF MIAMI COMMISSION FOR APPROVAL AND ADOPTION. THE BPMT BUDGET PROVIDES FOR THE OPERATION, MAINTENANCE AND CAPITAL IMPROVEMENTS OF THE MILDRED AND CLAUDE PEPPER BAYFRONT PARK AND MAURICE A. FERRE PARK IN THE AMOUNT OF $3,804,318.00 Background of Item: THE BAYFRONT PARK MANAGEMENT TRUST (TRUST) WAS CREATED BY THE MIAMI CITY COMMISSION TO DIRECT, OPERATE, MANAGE AND MAINTAIN ALL ASPECTS OF BAYFRONT PARK AND MAURICA A. FERRE PARK. THE TRUST OPERATES ON ERANED INCOME AND RECEIVES NO FUNDING FROM THE CITY OF MIAMI. PURSUANT TO SECTION 38-109 OF THE CODE OF THE CITY OF MIAMI, FLORIDA, THE TRUST SUBMITS ITS ANNUAL BUDGET TO THE CITY COMMISSION FOR APPROVAL. Budget Impact Analysis Item has NOT an Expenditure Item is NOT funded by Bonds Item is NOT Related to Revenue Total Fiscal Impact: $3,804,318.00 IMPACTS BPMT - $00 DOLLARS AFFECT THE CITY OF MIAMI BUDGET Bayfront Park Management Trust Bayfront Park Management Trust Office of Management and Budget Office of Management and Budget City Manager's Office City Manager's Office Legislative Division Office of the City Attorney Reviewed B Denise Lee Valeria Sanchez Donovan Dawson Christopher M Rose Nzeribe Ihekwaba Ignacio Ortiz -Petit Valentin J Alvarez Barnaby L. Min Department Head Review Department Head Review Budget Analyst Review Budget Review Assistant City Manager Review City Manager Review Legislative Division Review Deputy City Attorney Review Skipped Completed Completed Completed Completed Completed Completed Completed 08/09/2019 9:26 AM 08/09/2019 10:00 AM 08/21/2019 1:17 PM 08/22/2019 6:31 AM 08/26/2019 4:45 PM 08/29/2019 1:43 PM 08/29/2019 1:50 PM 08/29/2019 3:18 PM Office of the City Attorney City Commission Office of the Mayor Office of the City Clerk Legislative Division Office of the City Attorney Office of the City Attorney Office of the City Clerk Victoria Mendez Maricarmen Lopez Mayor's Office City Clerk's Office Valentin J Alvarez Barnaby L. Min Victoria Mendez City Clerk's Office Approved Form and Correctness Completed Meeting Completed Signed by the Mayor Completed Signed and Attested by the City Clerk Completed Legislative Division Review Completed Deputy Attorney Review Completed Approved Form and Correctness with Modification(s) Rendered Completed 08/30/2019 3:56 PM 09/12/2019 5:05 PM 09/16/2019 4:40 PM 09/16/2019 4:43 PM 09/20/2019 10:30 AM 09/20/2019 10:35 AM Completed 03/11/2020 11:14 AM City of Miami Legislation Resolution Enactment Number: R-19-0366 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 6313 Final Action Date:9/12/2019 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE BAYFRONT PARK MANAGEMENT TRUST, IN THE AMOUNT OF $3,804,318.00, ATTACHED AND INCORPORATED AS COMPOSITE EXHIBIT "A", TO PROVIDE FOR THE MANAGEMENT, OPERATIONS, MAINTENANCE, AND CAPITAL IMPROVEMENTS OF THE MILDRED AND CLAUDE PEPPER BAYFRONT PARK AND MAURICE A. FERRE PARK, FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2019 AND ENDING SEPTEMBER 30, 2020. WHEREAS, the Bayfront Park Management Trust ("Trust") is a limited agency and instrumentality of the City of Miami ("City") created pursuant to Ordinance No. 10348 adopted November 19, 1987, as subsequently amended from time to time; and WHEREAS, the Trust is responsible for directing, operating, managing, and maintaining all aspects of Mildred and Claude Pepper Bayfront Park and Maurice A. Ferre Park (collectively, "Parks"); and WHEREAS, Section 38-109 of the Code of the City of Miami, Florida, as amended, provides that the Trust shall submit its annual budget for the management, operation, maintenance, and capital expenditures of the Parks to the City Commission for approval; and WHEREAS, the governing body of the Trust reviewed and approved the Trust's annual budget for Fiscal Year 2019-2020 on September 11, 2019 for the management, operation, maintenance, and capital expenditures for the Parks; and WHEREAS, the Trust requests the approval by the City Commission of the budget for the Fiscal Year commencing October 1, 2019 and ending September 30, 2020 in the amount of $3,804,318.00 as set forth in Composite Exhibit "A," attached and incorporated; 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 Trust's budget for the management, operation, maintenance, and capital improvements of the Parks in the amount of $3,804,318.00 for the fiscal year commencing October 1, 2019 and ending September 30, 2020 as set forth in Composite Exhibit "A," attached and incorporated, is hereby 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 (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.