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HomeMy WebLinkAboutR-24-0317City of Miami Resolution R-24-0317 Legislation City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 16576 Final Action Date: 9/7/2024 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE WYNWOOD BUSINESS IMPROVEMENT DISTRICT ("BID"), ATTACHED AND INCORPORATED AS EXHIBIT "A," IN THE AMOUNT OF $8,800,702.00 TO PROVIDE FOR THE MANAGEMENT, OPERATION, AND MAINTENANCE 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 adopted the Wynwood Business Improvement District ("BID") pursuant to Ordinance No. 13404, adopted September 12, 2013, as amended by Ordinance No. 13453, adopted May 8, 2014, Ordinance 13554, adopted September 24, 2015, and Ordinance No. 13835, adopted April 25, 2019; and WHEREAS, pursuant to Chapter 2, Article XI, Division 21 of the Code of the City of Miami, Florida, as amended ("City Code"), the BID was established to stabilize and improve retail and other businesses within Wynwood through promotion, management, marketing, and other similar services including, but not limited to, coordination, funding, implementation, and maintenance of infrastructure improvements, security, sanitation, and other projects; and WHEREAS, Section 2-1323 of the City Code provides that the BID shall submit its annual budget for its management, operation, and maintenance to the City Commission for approval; and WHEREAS, the Board of Directors of the BID reviewed and approved the BID's budget for the Fiscal Year commencing October 1, 2024, and ending September 30, 2025 in the total amount of $8,800,702.00 on August 26, 2024; 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 total amount of $8,800,702.00; 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 Fiscal Year 2024-2025 budget, attached and incorporated as Exhibit "A," in the amount of $8,800,702.00 for the Fiscal Year commencing October 1, 2024, and ending September 30, 2025, is approved and adopted. City of Miami Page 1 of 2 File ID: 16576 (Revision:) Printed On: 8/5/2025 File ID: 16576 Enactment Number: R-24-0317 Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.' APPROVED AS TO FORM AND CORRECTNESS: ge Wy j ng III, C y ttor -y 8/28/2024 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: 16576 (Revision:) Printed on: 8/5/2025