HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #7725
Date: 08/03/2020
Commission Meeting Date: 09/10/2020
Requesting Department: Downtown
Development Authority
Sponsored By:
District Impacted: All
Type: Resolution
Subject: Approve Annual Budget FY '21 - Downtown Development Authority
Purpose of Item:
The Miami Downtown Development Authority of the City of Miami ("Miami DDA")
requests that the City Commission adopt the attached Appropriations Resolution for the
fiscal year beginning on October 1, 2020 and ending September 30, 2021.
Background of Item:
Chapter 14 of the City of Miami Code authorizes the City Commission to levy an
additional ad valorem tax on all real and personal property within the Miami DDA for the
purpose of financing the operations of the Miami DDA.
The Miami DDA budget for FY2019-2020 was based on ad valorem tax revenues of
$9,920,000. The proposed Miami DDA budget for FY2020-2021 is based on the
estimated ad valorem tax revenues of $10,580,000. This represents an increase in ad
valorem tax revenues of $660,000.
Attached for City Commission approval is an Appropriations Resolution for the Miami
DDA for fiscal year beginning October 1, 2020 and ending September 30, 2021.
Budget Impact Analysis
Item is NOT funded by Bonds
Item is NOT Related to Revenue
Item has NOT an Expenditure
Total Fiscal Impact:
<Insert Account information Here>
Downtown Development Authority
Office of Management and Budget
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
Christina Crespi
Jacques Joseph
Pedro Lacret
Christopher M Rose
Fernando Casamayor
Arthur Noriega V
Valentin J Alvarez
Barnaby L. Min
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
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
08/12/2020 2:39 PM
08/12/2020 10:13 PM
08/13/2020 3:39 PM
08/25/2020 5:59 AM
08/25/2020 11:30 AM
08/25/2020 1:29 PM
08/27/2020 1:28 PM
08/27/2020 1:51 PM
Office of the City Attorney
City Commission
Office of the Mayor
Office of the City Clerk
Office of the City Clerk
Victoria Mendez
Nicole Ewan
Mayor's Office
City Clerk's Office
City Clerk's Office
Approved Form and Correctness Completed
Meeting Completed
Unsigned by the Mayor Completed
Signed and Attested by the City Clerk Completed
Rendered Completed
08/28/2020 12:55 PM
09/10/2020 5:05 PM
09/11/2020 7:12 PM
09/11/2020 7:25 PM
09/11/2020 7:25 PM
City of Miami
Legislation
Resolution
Enactment Number: R-20-0272
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 7725 Final Action Date:9/10/2020
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING AND ADOPTING THE PROPOSED ANNUAL BUDGET OF THE
DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA
("MIAMI DDA"), ATTACHED AND INCORPORATED AS COMPOSITE EXHIBIT "A", IN
THE TOTAL AMOUNT OF $11,595,000.00 AND MAKING APPROPRIATIONS FROM
THE DOWNTOWN DEVELOPMENT DISTRICT AD VALOREM TAX LEVY AND
OTHER MISCELLANEOUS INCOME FOR THE MIAMI DDA FOR THE FISCAL YEAR
BEGINNING OCTOBER 1, 2020 AND ENDING SEPTEMBER 30, 2021;
AUTHORIZING THE MIAMI DDA TO MAKE TRANSFERS BETWEEN ACCOUNTS
FOR NECESSARY AND PROPER PURPOSES; AUTHORIZING THE MIAMI DDA TO
INVITE AND ADVERTISE REQUIRED BIDS; PROVIDING THAT THIS RESOLUTION
BE DEEMED SUPPLEMENTAL AND IN ADDITION TO THE RESOLUTION MAKING
APPROPRIATIONS FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2020 AND
ENDING SEPTEMBER 30, 2021 FOR THE OPERATIONS OF THE CITY OF MIAMI.
WHEREAS, Section 14-59 of the Code of the City of Miami, Florida, as amended ("City
Code"), provides that the Downtown Development Authority of the City of Miami, Florida ("Miami
DDA") shall submit its proposed annual budget for its operations to the City Commission for
approval; and
WHEREAS, the Board of Directors of the Miami DDA approved and adopted the Miami
DDA's proposed annual budget for Fiscal Year 2020-2021 ("FY") on July 10, 2020 pursuant to
Resolution No. 025/2020 in the total amount of $11,595,000.00, attached and incorporated as
Composite Exhibit "A" ("Budget"); and
WHEREAS, the Miami DDA requests the approval of the proposed Budget, 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 Miami DDA's Budget, attached and incorporated as Composite Exhibit
"A", in the total amount of $11,595,000.00 for the operations of the Miami DDA to become the
tentative annual budget for the FY is approved and adopted and appropriations are made from
the Downtown Development District ad valorem tax levy and other miscellaneous income for the
Miami DDA.
Section 3. The abovementioned operating expenditures are merely anticipatory and the
Board of Directors of the Miami DDA is hereby authorized1 to withhold any of these appropriated
funds from encumbrance or expenditure should such action appear advantageous to the
economic and efficient operation of the Miami DDA.
Section 4. The Miami DDA is authorized' to make transfers between the detailed
accounts comprising any of the amounts appropriated in Section 2 above so that any available
and required balance in such accounts may be used for other necessary and proper purposes.
Section 5. Subject to Chapter 18 of the City Code, the Miami DDA is further authorized'
to solicit bids for the purposes of procuring any materials, supplies, equipment, and services
embraced in the amounts appropriated in Section 2 above for which formal bidding is required
with such bids being returnable as required by law.
Section 6. This Resolution shall be deemed supplemental and in addition to the
appropriations for the operations of the City of Miami for the FY.
Section 7. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.2
APPROVED AS TO FORM AND CORRECTNESS:
ndez, City Attor
ey
1 The herein authorization is further subject to compliance with all legal requirements that may be
imposed, including but not limited, to those prescribed by applicable City Charter and City Code
provisions.
2 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.