HomeMy WebLinkAboutPre-LegislationRESOLUTION NO. 023/2022
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF
MIAMI, FLORIDA AUTHORIZING THE EXECUTIVE DIRECTOR
TO ESTABLISH A PROPOSED MILLAGE RATE FOR THE
DOWNTOWN DEVELOPMENT DISTRICT OF THE CITY OF
MIAMI, FLORIDA FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 2022 AND ENDING SEPTEMBER 30, 2023 AT 0.4681
MILLS.
WHEREAS, Section 200.065(2)(a)1, Florida Statutes (2017) ("Statute"), requires each taxing
authority to establish a proposed millage rate; and
WHEREAS, the Statute stipulates that the proposed millage rate be submitted to the Miami -Dade
County Property Appraiser and the Tax Collector; and
WHEREAS, the proposed millage rate reflects the levy necessary to realize property tax revenues
anticipated in the Fiscal Year 2022-2023 Budget for the Downtown Development Authority of the City of
Miami ("Miami DDA"); and
WHEREAS, the Statute requires that the proposed tax rate be included on tax notices; and
WHEREAS, the proposed millage rate submitted to the Property Appraiser is not binding but
necessary for the purpose of preparation of tax notices;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA:
Section 1. The recitals are true and correct and are adopted by reference and incorporated as
if fully set forth in this Section.
Section 2. The Miami DDA Board of Directors hereby authorizes the Executive Director to
establish a proposed millage rate for the Downtown Development District of the City of Miami, Florida
("District") for the Fiscal Year beginning October 1, 2022 and ending September 30, 2023 at 0.4681 mills.
Section 3. The Executive Director of the Miami DDA is instructed to submit said proposed
millage rate for the Downtown Development District of the City of Miami, Florida to the Miami -Dade
County Property Appraiser and Tax Collector.
Section 4. This Resolution shall become effective immediately upon its adoption.
PASSED AND ADOPTED this 24th day of June, 2022.
CommissionVM.anolo Reyes
Christina Crespi, Executive Director
Ivonne de la Vega
Secretary to the Board of Directors
RESOLUTION NO. 025/2022
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE MIAMI
DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI,
FLORIDA ("MIAMI DDA") APPROVING THE PRELIMINARY ANNUAL
BUDGET OF THE MIAMI DDA FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 2022, AND ENDING SEPTEMBER 30, 2023; REQUESTING THAT
THE MIAMI CITY COMMISSION ESTABLISH THE MILLAGE TO SUPPORT
THE FINANCIAL REQUIREMENTS OF THE BUDGET; AUTHORIZING THE
EXECUTIVE DIRECTOR OF THE MIAMI DDA TO EXPEND FUNDS AS
PROVIDED IN THE BUDGET; DIRECTING THE EXECUTIVE DIRECTOR TO
FILE A DETAILED STATEMENT OF THE PROPOSED EXPENDITURES AND
ESTIMATED REVENUES FOR THE FISCAL YEAR BEGINNING OCTOBER 1,
2022, AND ENDING SEPTEMBER 30, 2023, WITH THE CITY CLERK OF THE
CITY OF MIAMI ("CLERK") AFTER ADOPTION AND ESTABLISHMENT OF
THE MILLAGE BY THE MIAMI CITY COMMISSION; AND FURTHER
PROVIDING THAT A COPY OF THIS RESOLUTION BE FILED WITH THE
CLERK.
WHEREAS, the Miami Downtown Development Authority of the City of Miami, Florida
("Miami DDA") has prepared a preliminary budget for the Fiscal Year beginning October 1, 2022,
and ending September 30, 2023, ("Fiscal Year"); and
WHEREAS, the Board of Directors of the Miami DDA has reviewed said budget on the
Estimated Tax Roll provided by Miami -Dade County; and
WHEREAS, the Board of Directors of the Miami DDA finds that the proposed budget is
necessary in order to further the objectives of the Miami DDA, as authorized by the Code of the
City of Miami, Florida, as amended;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
MIAMI DOWNTOWN DEVELOPMENT AUTHORITY 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 preliminary budget of the Miami Downtown Development Authority
of the City of Miami, Florida ("Miami DDA"), as submitted by the Executive Director, is made
part of this Resolution, is hereby approved, and shall be known as the "Annual Budget of the Miami
Downtown Development Authority: Fiscal Year October 1, 2022, through September 30, 2023."
Section 3. The following appropriations for the Fiscal Year beginning October 1,
2022, and ending September 30, 2023, are hereby made for the purpose of financing the operations
and other legal and proper purposes of the Miami DDA:
BUDGET SUMMARY
The `cx,t v:n Development Authority or the City of Miami. Florida
swear tear 2022-2021
GENERAL FUND
Revenue Sources
Ad 4alo-em Tax Levy u.east Mataae par 11000 $ 11,520,000
Reimbursements 4,942,000
Total Revenues 16.462.000
Reserve and Carryover 2.263.000
Total Revenues and Balances 18,725,000
Operating Expels:Ewes
General Expenses 4,334,500
Leaderstap, Advocacy and Operation, 1,281.500
Nbaniam 9,193,000
Enterprise 3,355.000
Total Operating Expenditures 18.149.000
Fund Balances and Reserves 576,000
Total Expenditures, Reserves, and Baiances 18.725.000
The tentative, adopted, end/or final budgets are on file in the office of the
above referenced taxing authority a: a public record
Section 4. The Executive Director is directed to submit a copy of this preliminary
budget as well as this Resolution to the Miami City Commission and to request the Miami City
Commission to adopt said preliminary budget and establish the millage as authorized by law to
support the financial requirements of this budget.
Section 5. The Executive Director is authorized to expend funds, including new
salary rates, as provided in said budget, after adoption and establishment of the millage by the
Miami City Commission for the Fiscal Year beginning October 1, 2022.
Section 6. The Executive Director is directed to prepare and file with the City Clerk
of the City of Miami ("Clerk") a detailed statement of the proposed expenditures and estimated
revenues for the Fiscal Year 2022-2023, which shall be titled "Annual Budget of the Miami
Downtown Development Authority: Fiscal Year October 1, 2022, through September 30, 2023."
Section 7. The Executive Director is directed to forward a copy of this Resolution
and the attachments to the Clerk after adoption of the millage by the Miami City Commission.
Section 8. This Resolution shall become effective immediately upon its adoption.
PASSED AND ADOPTED this 15th day of July, 2022.
Commissioner Manolkf Reyes, Chairman
Christina Crespi, Executive Director
T:
Ivonne de la Vega
Secretary to the Board of the •i ctors