HomeMy WebLinkAboutR-24-0316City of Miami
Resolution R-24-0316
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 16351 Final Action Date: 9/7/2024
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE COCONUT
GROVE BUSINESS IMPROVEMENT DISTRICT ("BID") IN THE AMOUNT OF
$1,903,000.00, ATTACHED AND INCORPORATED AS EXHIBIT "A", TO
PROVIDE FOR THE MANAGEMENT, OPERATIONS, MAINTENANCE, AND
CAPITAL IMPROVEMENTS OF THE BID FOR THE FISCAL YEAR
COMMENCING OCTOBER 1, 2024, AND ENDING SEPTEMBER 30, 2025.
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 2024-2025 on June 20, 2024, in the amount of $1,903,000.00, attached and incorporated
as Exhibit "A"; and
WHEREAS, the BID requests the approval of the budget for the Fiscal Year
commencing October 1, 2024, and ending September 30, 2025, in the amount of
$1,903,000.00, 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 $1,903,000.00, attached and
incorporated as Exhibit "A," for the fiscal year commencing October 1, 2024, and ending
September 30, 2025, is approved and adopted.
Section 3. This Resolution shall become effective immediately upon its adoption and
City of Miami Page 1 of 2 File ID: 16351 (Revision:) Printed On: 8/5/2025
File ID: 16351
signature of the Mayor.'
APPROVED AS TO FORM AND CORRECTNESS:
Enactment Number: R-24-0316
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.
City of Miami Page 2 of 2 File ID: 16351 (Revision:) Printed on: 8/5/2025