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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #7777 Date: 08/13/2020 Commission Meeting Date: 09/10/2020 Requesting Department: Wynwood Business Improvement District Board Sponsored By: District Impacted: All Type: Resolution Subject: Approve Annual Budget FY '21 - Wynwood BID Purpose of Item: The purpose of the item is to seek approval of the FY' 20-21 Wynwood Business Improvement District budget, as per annual requirement. Background of Item: The Wynwood Business Improvement District (BID) is an autonomous government agency that leads the renaissance of the Wynwood Arts District in Miami, Florida. The Wynwood BID represents 400+ commercial property and business owners that encompass the 50 city block area, created by Ordinance in 2013. Budget Impact Analysis Item is NOT funded by Bonds Total Fiscal Impact: N/A Reviewed B Wynwood Business Improvement District Board Review Completed 08/28/2020 10:59 AM Office of Management and Budget Everton Garvis Office of Management and Budget Christopher M Rose City Manager's Office Fernando Casamayor City Manager's Office Arthur Noriega V Legislative Division Valentin J Alvarez Office of the City Attorney Barnaby L. Min Office of the City Attorney Victoria Mendez City Commission Nicole Ewan Office of the Mayor Mayor's Office Office of the City Clerk City Clerk's Office Office of the City Clerk City Clerk's Office Manny Gonzalez Department Head Budget Analyst Review Completed Budget Review Completed Assistant City Manager Review Completed City Manager Review Completed Legislative Division Review Completed Deputy City Attorney Review Completed Approved Form and Correctness Completed Meeting Completed Unsigned by the Mayor Completed Signed and Attested by the City Clerk Completed Rendered Completed 08/31/2020 10:22 AM 08/31/2020 10:49 AM 08/31/2020 2:10 PM 08/31/2020 7:40 PM 08/31/2020 7:58 PM 08/31/2020 8:11 PM 08/31/2020 9:33 PM 09/10/2020 5:05 PM 09/11/2020 7:20 PM 09/11/2020 7:40 PM 09/11/2020 7:40 PM City of Miami Legislation Resolution Enactment Number: R-20-0285 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 7777 Final Action Date:9/10/2020 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 $1,153,579.00 TO PROVIDE FOR THE MANAGEMENT, OPERATION, AND MAINTENANCE OF THE BID FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2020 AND ENDING SEPTEMBER 30, 2021. 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 2020-2021 in the total amount of $1,153,579.00 on July 8, 2020 as set forth in Composite Exhibit "A," attached and incorporated; and WHEREAS, the BID requests the approval of the budget for Fiscal Year 2020-2021 in the total amount of $1,153,579.00 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 BID's Fiscal Year 2020-2021 budget, attached and incorporated as Composite Exhibit "A," in the amount of $1,153,579.00 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. APPROVED AS TO FORM AND CORRECTNESS: