HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #14430
Date: 08/07/2023
Commission Meeting Date: 09/09/2023
Requesting Department: Coconut Grove
Business Improvement District Board
Sponsored By:
District Impacted: District 2
Type: Resolution
Subject: Approve Annual Budget FY '24 - Coconut Grove Business Improvement District
Purpose of Item:
To approve the operating budget for the Coconut Grove Business Improvement District
for Fiscal Year 2023-2024, in the amount not to exceed $5,170,000.00.
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 COMPOSITE
EXHIBIT "A", IN THE AMOUNT OF $5,170,000.00 TO PROVIDE FOR THE MANAGEMENT,
OPERATION, AND MAINTENANCE OF THE BID FOR THE FISCAL YEAR COMMENCING
OCTOBER 1, 2023, AND ENDING SEPTEMBER 30, 2024.
Background of Item:
N/A
Budget Impact Analysis
Item is Related to Revenue
Item is an Expenditure
Total Fiscal Impact:
$5,170,000.00
Coconut Grove Business Improvement District Board
Review Completed
Office of Management and Budget
Office of Management and Budget
City Manager's Office
Legislative Division
Office of the City Attorney
Office of the City Attorney
City Commission
Office of the Mayor
Office of the City Clerk
Office of the City Clerk
Reviewed B
08/30/2023 2:49 PM
Calvin Fifer
Marie Gouin
Arthur Noriega V
Valentin J Alvarez
Xavier Alban
Victoria Mendez
Maricarmen Lopez
Mayor's Office
City Clerk's Office
City Clerk's Office
Cynthia Seymour Department Head
Budget Analyst Review
Budget Review
City Manager Review
Legislative Division Review
ACA Review
Approved Form and Correctness
Meeting
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Signed by the Mayor Completed
Signed and Attested by the City Clerk Completed
Rendered Completed
08/30/2023 2:56 PM
08/30/2023 4:48 PM
08/31/2023 9:21 AM
08/31/2023 1:03 PM
08/31/2023 2:20 PM
08/31/2023 9:14 PM
09/09/2023 10:00 AM
09/15/2023 1:35 PM
09/15/2023 1:45 PM
09/15/2023 1:45 PM
City of Miami
Legislation
Resolution
Enactment Number: R-23-0364
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 14430 Final Action Date:9/9/2023
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 $5,170,000.00 TO PROVIDE FOR THE
MANAGEMENT, OPERATION, AND MAINTENANCE OF THE BID FOR THE FISCAL
YEAR COMMENCING OCTOBER 1, 2023, AND ENDING SEPTEMBER 30, 2024.
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. R-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 2023-2024 on July 18, 2023, in the amount of $5,170,000.00, as attached and
incorporated as Exhibit "A"; and
WHEREAS, the BID requests the approval of the budget for the Fiscal Year
commencing October 1, 2023, and ending September 30, 2024, in the amount of
$5,170,000.00, as 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 $5,170,000.00, attached and
incorporated as Exhibit "A," for the fiscal year commencing October 1, 2023, and ending
September 30, 2024, 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:
ndez, City Attor ey 8/31/2023
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.