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HomeMy WebLinkAboutMemo - Wynwood BIDWynwood BID Budget Memorandum: \'$1�4ll I IMPOVEB1lIPIR5 MENT DISTRICT WYNWOOD Date: August 17, 2022 To: Honorable Mayor Suarez and the City of Miami Commission From: Wynwood Business Improvement District "BID" Re: Wynwood Business Improvement District "BID" - FY'23 Operating Budget Approval Enclosed is the proposed Wynwood Business Improvement District "BID" operating budget packet for fiscal year FY'23 for your review totaling $1,301,000. The Wynwood BID are pleased to announce the continuation of the successful initiatives that were introduced in FY'22, in addition to the introduction of new projects aimed at cementing our commitment to serve the local community, City of Miami and visitors alike. Below are some highlights of this year's proposed budget: • $85,000 has been budgeted for the Wynwood BID's fourth "donation" to the City of Miami Police Department for I -ID public safety surveillance system. Please note the Wynwood BID donated $250,000 to the City of Miami Police Department for the highest density of security cameras within the City of Miami due to our on -going partnership. ■ $198,0000 allocated towards BID staffing for street cleaning services for the District, which amounts to approximately 13K hours of public right of way cleaning coverage for our 50 block District, that does not have City of Miami assistance since our inception in 2013. ■ $50,000 has been budgeted for neighborhood community grants to allow for applicants to obtain a grant totaling up to $5,000 for improvements on storefronts. ■ $25,000 for public sidewalk rubber mulching installations throughout the District, to help the City of Miami not receive "trip & fall" lawsuits for empty tree beds throughout the District. • $361,600 has been allocated towards marketing initiatives to assist businesses and the District during this COVID pandemic. ■ $30,000 has been allocated for street signage improvements in Wynwood, since there is no direct route to get to District from surrounding highways and streets. ■ $5,000 donation to Code Compliance for sound monitors and cameras, as per our agreement and promise to the City of Miami if the second reading of the noise reading passes. We respectfully request your approval of this proposed budget at your scheduled City of Miami Commission this coming September. If you have any questions, please feel free to contact me at your earliest convenience. Sincerely, Manny Gonzalez Executive Director