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Home My WebLink AboutSubmittal-Christina Crespi-Proposed BudgetMiami Downtown Development Authority of the City of Miami Subm. into the public ord for item(s) BH.4, on 09-10-2022, City Clerk PROPO ED BUDGE 12355 Submittal -Christina Crespi-Proposed Budget The Leadership, Advocacy, and Operations Department of the Miami DDA manages the daily operations in finances, human resources, and strategy. It ensures compliance with various regulations as a governmental agency. The Leadership Team also advocates at all government levels — local, state, and federal - prioritizing Downtown Miami, sufficient funding allocations, project approvals, and positive Legislative efforts. Economic & Business Development Miami DDA focuses on the recruitment of new -to - market businesses, the growth of our existing business ecosystem, and bolstering our talent base. The agency places a high amount of emphasis on the technology and finance sectors. These efforts include incentive packages, research assistance, talent recruitment, introduction to key stakeholders, media exposure, and more. As our population grows, the Miami DDA works closely with key stakeholders and our fellow residents to ensure that we are creating a reliable and interconnected urban core that promotes equitable The Miami DDA supports the small business community by providing a variety of client -focused services including permitting assistance, grant programs, site selection services, training, and networking opportunities. I lipmobility for pedestrians, bicycles and transit, and . creates people places that are safe and inviting, Projects that promote these goals include the Baywalk & Riverwalk, Biscayne Green, Flag[er Beautification, the Downtown Mobility Network and the Underline. Enhanced Services The Miami DDA Enhanced Services teams are proudly committed to improve public safety, cleanliness, and collaborate in the efforts to reduce chronic homelessness. The Enhanced Services Programs include: the Downtown Enhancement Team (DET), CRA Enhancement Team, DWNTWN Ambassadors, NEAT Team, Pit Stop Program and the Special Vending District. The Miami DDA collaborates with the City of Miami, Miami -Dade County NEAT Streets Miami, OMNI Community Redevelopment Agency, Bayfront Park, Miami Parking Authority, Camillus House, Lotus House, and Chapman Partnership. Through social media, refreshed style/branding guides, and promoting Downtown's unique Lifestyle attributes and events, the Miami DDA increases awareness around our urban core's benefits. The Miami DDA's enhanced website is the information highway to all things happening in Downtown Miami. The Miami DDA promotes new businesses and events to visitors, stakeholders, residents, and businesses via the website, the DWNTWNR e-newsletter, and social media outlets. Submitted into the public record for item(s) BH.4, on 09-10-2022, City Clerk Miami DDA District Map egiMil. NOV Ode Po.k YSsi Map Legend Nand leach♦ Miami DDA Boundaries Metrorail Metromover .4-0-14.41Brightline Miami Central Station BayWalk Underline Our Mission: is to grow, strengthen and promote the economic health and vitality of Downtown Miami. As an autonomous agency of the City, the Miami DDA advocates, facilitates, plans, and executes business development, planning and capital improvements, and marketing and communication strategies. We commit to fulfill our mission collaboratively, ethically and professionally, consistent with the Authority's public purpose. Vision: Downtown Miami is the business, social and cultural epicenter of the Americas, which capitalizes on its unique position as a major world city in a tropical waterfront environment. Submitted into the public record for item(s) BH.4, on 09-10-2022. City Clerk Budget Highlights: $3.7M : $980K 134) c c rd tL c .n 1.4M Ambassadors 876K _ d 450K $ 475 K $200K $3.7M Reimbursement for Master Planning Submitted into the public record for item(s) BH.4, on 09-10-2022, City Clerk Miami DDA District Annual Taxable Value $24.6 $18.8 i16.7 $15.1 111 1 $13.4 III 1 111 $19.5 111 1 $22.6 $20.6 111 1 111 1 $22.6 2014 2015 2016 2017 2018 2019 2020 2021 2022 0.4681 10 46811 0 4651 C4681 O.a681 10.46811 C4681 10.4681 Proposed Proposed Flat Millage = 0.4681 $24B $22B $20B $18B $16B $14B $12B $10B $8B $6B $4B $2B $0 Proposed Budget = Internal Proposed Budget = 100% / $11,520,000 95% / $10,944,000 (collections) (conservative approach on collection) BUDGET SUMMARY The Downtown Development Authority of the City of Miami, Florida Fiscal Year 2022-2023 THE PROPOSED OPERATING BUDGET EXPENDITURES OF THE DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI ARE 33.67% MORE THAN LAST YEAR'S TOTAL OPERATING EXPENDITURES Revenue Sources Ad Valorem Tax Levy Reimbursements Total Resources 0.4681 Millage per $1000 GENERAL FUND $ 11,520,000 4,942,000 16,462,000 Reserve and Carryover 2,263,000 Total Revenues and Balances $18,725,000 Operating Expenditures General Expenses $ 4,334,500 Leadership, Advocacy & Operations 1,281,500 Urbanism 9,198,000 Enterprise 3,335,000 Total Operating Expenditures 18,149,000 Fund Balances/Reserves 576,000- Total Expenditures, Reserves, and Balances $18,725,000 _ Manolo Reyes Chairman Commissioner, District 4, City of Miami Eileen Higgins Vice -Chairwoman Commissioner, District 5, Miami - Dade County Suzanne M. Amaducci-Adams Bilzin Sumberg 2021-2022 Miami DDA Board of Directors Alicia Cervera Lamadrid Cervera ReaL Estate T. Spencer Crowley III Akerman Jarred Diamond The HEAT Group/FTX Arena Arva Suzanne Graham Gibson Arva G. Consulting, LLC Philippe Houdard Pipeline Workspaces Danet Linares Blanca Commercial Real Estate Richard Lydecker Lydecker Diaz Attorneys & Counselors at Law Jose Mallea Biscayne Bay Brewing Company IAM I DDA DOWNTOWN DEVELOPMENT AUTHORITY Nitin Motwani Miami Worldcenter Associates Gary Ressler Tilia Family of Companies Franklin Sirmans Perez Art Museum Miami Melissa Tapanes Llahues Bercow Well Fernandez Larkin + Tapanes Executive Staff: Christina Crespi Executive Director Miami Downtown Development Authority 1200 S. Biscayne Blvd, Suite 2929 Miami, FL 33131 1305.579.6675 miamidda.com Submitted into the public record for item(s) BH.4, on 09-10-2022, City Clerk