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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #12473 Date: 08/24/2022 Commission Meeting Date: 09/10/2022 Type: Subject: Requesting Department: Coconut Grove Business Improvement District Board Sponsored By: District Impacted: District 2 Resolution Approve Annual Budget FY '23 - Coconut Grove Business Improvement District Purpose of Item: To approve the operating budget for the Coconut Grove Business Improvement District for Fiscal Year 2022-2023, in the amount not to exceed $5,219,000.00. Background of Item: N/A Budget Impact Analysis Item is Related to Revenue Item is an Expenditure Item is NOT funded by Bonds Total Fiscal Impact: $5,219,000.00 Reviewed B Coconut Grove Business Improvement District Board Review Completed 08/26/2022 4:59 PM Office of Management and Budget Calvin Fifer Office of Management and Budget Marie Gouin Legislative Division Valentin J Alvarez City Manager's Office Arthur Noriega V Office of the City Attorney Xavier Alban 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 Cynthia Seymour Department Head Budget Analyst Review Completed Budget Review Completed Legislative Division Review Completed City Manager Review Completed ACA Review Completed Approved Form and Correctness Completed Meeting Completed Signed by the Mayor Completed Signed and Attested by the City Clerk Completed Rendered Completed 08/29/2022 11:05 AM 08/29/2022 2:16 PM 08/29/2022 3:17 PM 08/29/2022 5:26 PM 08/29/2022 5:57 PM 08/29/2022 8:10 PM 09/10/2022 10:00 AM 09/12/2022 1:26 PM 09/12/2022 1:55 PM 09/12/2022 1:55 PM City of Miami Legislation Resolution Enactment Number: R-22-0312 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 12473 Final Action Date:9/10/2022 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE COCONUT GROVE BUSINESS IMPROVEMENT DISTRICT ("BID"), ATTACHED AND INCORPORATED AS EXHIBIT "A," IN THE AMOUNT OF $5,219,000.00 TO PROVIDE FOR THE MANAGEMENT, OPERATION, AND MAINTENANCE OF THE BID FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2022, AND ENDING SEPTEMBER 30, 2023. WHEREAS, the City of Miami ("City") established, approved, and created the Coconut Grove Business Improvement District ("BID") pursuant to Ordinance No. 13059 adopted March 12, 2009, as subsequently amended by Ordinance No. 13171 adopted May 13, 2010, Ordinance No. 13255 adopted March 10, 2011, as re-established and approved pursuant to Resolution No. 19-0024 adopted January 19, 2019 and Ordinance No. 13833 adopted April 25, 2019; and WHEREAS, the BID was re-established to stabilize and improve retail and other businesses within Coconut Grove through promotion, management, marketing, and other similar services including, but not limited to, coordination, funding, implementation, and maintenance of infrastructure improvements and other projects; and WHEREAS, Section 2-1257 of the Code of the City of Miami, Florida, as amended, provides that the BID shall submit its annual budget for its management, operation, and maintenance to the City Commission for approval; and WHEREAS, the BID Board reviewed and approved the BID's annual budget for Fiscal Year ("FY") 2022-2023 on August 25, 2022, in the amount of $5,219,000.00, as attached and incorporated as Exhibit "A;" and WHEREAS, the BID requests the approval of the budget for the FY commencing October 1, 2022, and ending September 30, 2023, in the amount of $5,219,000.00, attached and incorporated as 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 BID's annual budget in the amount of $5,219,000.00, attached and incorporated as Exhibit "A," for the FY commencing October 1, 2022, and ending September 30, 2023, 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: