HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #7749
Date: 08/11/2020
Commission Meeting Date: 09/10/2020
Requesting Department: Virginia Key Beach
Park Trust
Sponsored By:
District Impacted: District 2
Type: Resolution
Subject: Approve Annual Budget FY '21 - Virginia Key Beach Park Trust
Purpose of Item:
The Board of Trustees of Virginia Key Beach Park Trust (the Trust) request that the City
Commission approve the attached resolution requesting $2,540,000.00 for F/Y 2020-
2021 budget. This sum consists of the total amounts of $812,000.00 In anticipated
revenues, $423,000.00 Trust carryover funds, $5,000.00 Cash with Fiscal Agent Funds,
$1,000,000.00 from the 2021 Ultra Music Festival and $300,000.00 from City of Miami
operating funds to provide the general administrative and operational staff the support
to continue the progress and improvement at Historic Virginia Key Beach Park.
Background of Item:
The Virginia Key Beach Park Trust ("Trust") is a limited agency and instrumentality of
the City of Miami ("City") created pursuant to Ordinance No. 12003, adopted December
14, 2000, as subsequently amended by Ordinance No. 12201 adopted on March 14,
2002; Ordinance No. 12857 adopted October 12, 2006; Ordinance No. 13004 adopted
June 12, 2008; Ordinance 13065 adopted May 14, 2009; Ordinance No. 13170 adopted
May 13, 2010; and Ordinance No. 13681 adopted May 25, 2017
The Trust, is guided by its vision to preserve the Historic Virginia Key Beach Park
property in a manner consistent with the environmental health, public use, historical
legacy of the social and civil rights history of South Florida African American community
Budget Impact Analysis
Item is Related to Revenue
Item is an Expenditure
Item is NOT funded by Bonds
Total Fiscal Impact:
Special Revenue Account No: 11590.940101.Various (See attached for Objects)
Reviewed B
Unknown Guy Forchion Department Head Review Completed 08/12/2020 8:35 AM
Office of Management and Budget Aniska Elliott Budget Analyst Review Completed 08/14/2020 4:13 PM
Office of Management and Budget Christopher M Rose Budget Review Completed 08/25/2020 6:15 AM
City Manager's Office Nzeribe Ihekwaba Assistant City Manager Review Completed 08/25/2020 11:36 PM
City Manager's Office Arthur Noriega V City Manager Review Completed 08/26/2020 4:04 PM
Legislative Division Valentin J Alvarez Legislative Division Review Completed 08/26/2020 4:30 PM
Office of the City Attorney Barnaby L. Min Deputy City Attorney Review Completed 08/26/2020 6:10 PM
City Commission Nicole Ewan Meeting Completed 09/10/2020 5:05 PM
Office of the Mayor Mayor's Office Unsigned by the Mayor Completed 09/11/2020 7:20 PM
Office of the City Clerk City Clerk's Office Signed and Attested by the City Clerk Completed 09/11/2020 7:38 PM
Office of the City Attorney Victoria Mendez Approved Form and Correctness Completed 10/21/2020 3:00 PM
Office of the City Clerk City Clerk's Office Rendered Completed 10/21/2020 4:03 PM
City of Miami
Legislation
Resolution
Enactment Number: R-20-0283
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 7749 Final Action Date:9/10/2020
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE VIRGINIA KEY
BEACH PARK TRUST ("TRUST"), ATTACHED AND INCORPORATED AS
COMPOSITE EXHIBIT "A", IN THE AMOUNT OF $812,000.00 IN ANTICIPATED
REVENUE, $300,000.00 FROM CITY OF MIAMI OPERATING FUNDS, $423,000.00
FROM TRUST CARRYOVER FUNDS, $5,000.00 FROM TRUST CASH WITH FISCAL
AGENT, AND $1,000,000.00 FROM 2021 ULTRA MUSIC FESTIVAL, FOR A TOTAL
AMOUNT OF $2,540,000.00, TO PROVIDE FOR THE MANAGEMENT, OPERATION,
AND MAINTENANCE OF THE TRUST FOR THE FISCAL YEAR COMMENCING
OCTOBER 1, 2020 AND ENDING SEPTEMBER 30, 2021.
WHEREAS, the Virginia Key Beach Park Trust ("Trust") is a limited agency and
instrumentality of the City of Miami ("City") created pursuant to Ordinance No. 12003 adopted
December 14, 2000; and
WHEREAS, the Trust in cooperation with the City is guided by its vision to preserve the
Historic Virginia Key Beach Park property in a manner consistent with the environmental health,
public use, historical importance of the park, and the aspirations of the African American
community; and
WHEREAS, Section 38-237 of the Code of the City of Miami, Florida, as amended,
provides that the Trust shall submit its annual budget for its management, operation,
maintenance, and capital expenditures to the City Commission for approval; and
WHEREAS, the governing body of the Trust reviewed and approved the Trust's budget
for Fiscal Year 2020-2021 in the total amount of $2,540,000.00, attached and incorporated as
Composite Exhibit "A", on June 15, 2020; and
WHEREAS, the Trust requests the approval of the budget for Fiscal Year 2020-2021 in
the amount of $300,000.00 from the City's operating funds, $423,000.00 from the Trust's
carryover funds, $5,000.00 from the Trust's Cash with Fiscal Agent, $812,000.00 in anticipated
revenue, and $1,000,000.00 from 2021 Ultra Music Festival for a total amount of $2,540,000.00,
attached and incorporated in Composite Exhibit "A" ("Budget");
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 Fiscal Year 2020-2021 Budget, attached and incorporated as
Composite Exhibit "A", is 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:
ndez, City Attor ey 10/2172020
1 If the Mayor does not sign this Resolution, it shall become effective at the end of (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 commission.