Loading...
HomeMy WebLinkAboutR-20-0272City of Miami Resolution R-20-0272 Legislation 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. City of Miami Page 1 of 2 File ID: 7725 (Revision:) Printed On: 5/6/2025 File ID: 7725 Enactment Number: R-20-0272 Section 3. The abovementioned operating expenditures are merely anticipatory and the Board of Directors of the Miami DDA is hereby authorized' 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 authorized1 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, ity ttor ey 8/28/2020 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. City of Miami Page 2 of 2 File ID: 7725 (Revision:) Printed on: 5/6/2025