HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #18010
Date: 08/20/2025
Commission Meeting Date: 09/25/2025
Requesting Department: Downtown
Development Authority
Sponsored By:
District Impacted:
Type: Resolution
Subject: Approve Annual Budget FY '26 - Downtown Development Authority
Purpose of Item:
The Downtown Development Authority of the City of Miami ("Miami DDA") requests that
the City Commission adopt the attached Appropriations Resolution for the fiscal year
beginning on October 1, 2025 and ending September 30, 2026.
Background of Item:
Chapter 14 of the City of Miami Code authorizes the City Commission to levy an
additional ad valorem tax on all real and personal property within the Miami DDA for the
purpose of financing the operations of the Miami DDA.
The Miami DDA budget for FY2024-2025 was based on ad valorem tax revenues of
$12,970,000. The final Miami DDA budget for FY2025-2026 is based on the estimated
ad valorem tax revenues of $12,820,000. This represents a decrease in ad valorem tax
revenues of $150,000.
Attached for City Commission approval is an Appropriations Resolution for the Miami
DDA for fiscal year beginning October 1, 2025 and ending September 30, 2026.
Budget Impact Analysis
Item is Related to Revenue
Item has NOT an Expenditure
Item is NOT funded by Bonds
Total Fiscal Impact:
N/A
Downtown Development Authority
Office of Management and Budget
Office of Management and Budget
City Manager's Office
City Manager's Office
City Manager's Office
Legislative Division
Office of the City Attorney
Christina Crespi
Pedro Lacret
Marie Gouin
Erica T. Paschal
Mabel Betancourt
Arthur Noriega V
Valentin J Alvarez
Xavier Alban
Reviewed B
Department Head Review
Budget Analyst Review
Budget Review
ACM Review
Assistant City Manager Review
City Manager Review
Legislative Division Review
ACA Review
Completed
Completed
Completed
Completed
Skipped
Completed
Completed
Completed
09/04/2025 1:51 PM
09/04/2025 6:18 PM
09/11/2025 7:03 PM
09/12/2025 10:03 AM
08/25/2025 12:11 PM
09/12/2025 3:43 PM
09/15/2025 9:26 AM
09/16/2025 8:14 PM
Office of the City Attorney George K. Wysong III Approved Form and Correctness Completed 09/16/2025 8:19 PM
City Commission Maricarmen Lopez Meeting Completed 09/25/2025 5:05 PM
Office of the Mayor Mayor's Office Signed by the Mayor Completed 09/25/2025 9:30 PM
Office of the City Clerk City Clerk's Office Signed and Attested by the City Clerk Completed 09/25/2025 9:35 PM
Office of the City Clerk City Clerk's Office Rendered Completed 09/25/2025 9:35 PM
City of Miami
Legislation
Resolution
Enactment Number: R-25-0408
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 18010 Final Action Date:9/25/2025
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING AND ADOPTING THE FINAL ANNUAL BUDGET OF THE DOWNTOWN
DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA ("MIAMI DDA"),
ATTACHED AND INCORPORATED IN COMPOSITE EXHIBIT "A," IN THE TOTAL
AMOUNT OF $18,865,990.00, AND MAKING APPROPRIATIONS FROM THE
DOWNTOWN DEVELOPMENT DISTRICT AD VALOREM TAX LEVY AND OTHER
MISCELLANEOUS INCOME FOR THE MIAMI DDA, FOR THE FISCAL YEAR
BEGINNING OCTOBER 1, 2025 AND ENDING SEPTEMBER 30, 2026;
AUTHORIZING THE MIAMI DDA TO MAKE TRANSFERS BETWEEN ACCOUNTS
FOR NECESSARY AND PROPER PURPOSES; AUTHORIZING THE MIAMI DDA TO
INVITE AND ADVERTISE REQUIRED BIDS; PROVIDING THAT THIS RESOLUTION
BE DEEMED SUPPLEMENTAL AND IN ADDITION TO THE RESOLUTION MAKING
APPROPRIATIONS FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2025, AND
ENDING SEPTEMBER 30, 2026, FOR THE OPERATIONS OF THE CITY.
WHEREAS, Section 14-59 of the Code of the City of Miami, Florida, as amended ("City
Code"), provides that the Downtown Development Authority of the City of Miami, Florida ("Miami
DDA") shall submit its final annual budget for its operations to the City Commission for approval;
and
WHEREAS, the Board of Directors of the Miami DDA approved and adopted the Miami
DDA's proposed annual budget for Fiscal Year 2025-2026 on July 25, 2025, pursuant to Miami
DDA Resolution 035/2025 in the total amount of $18,865,990.00 as set forth in Composite
Exhibit "A," attached and incorporated; and
WHEREAS, on September 13, 2025, the Miami City Commission ("City Commission"),
pursuant to Resolution No. R-25-0375, approved the Miami DDA's proposed annual budget for
Fiscal Year 2025-2026 in the total amount of $18,865,990.00 to become the Miami DDA's
tentative budget; and
WHEREAS, the Miami DDA requests the City Commission's approval of the tentative
budget to become the final annual budget for the Fiscal Year ("FY") commencing October 1,
2025, and ending September 30, 2026, in the total amount of $18,865,990.00, as set forth in
Composite Exhibit "A," attached and incorporated;
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 Miami DDA tentative annual budget, attached and incorporated in Exhibit
"A", in the total amount of $18,865,990.00, for the operations of the Miami DDA to become the
final annual budget, for the Fiscal Year commencing October 1, 2025, and ending September
30, 2026, is approved and adopted, and appropriations are made from the Downtown
Development District ad valorem tax levy and other miscellaneous income for the Miami DDA.
Section 3. The abovementioned operating expenditures are merely anticipatory and
thus, the Board of Directors of the Miami DDA is hereby authorized to withhold any of these
appropriated funds from encumbrance or expenditure should such action appear advantageous
to the economic and efficient operation of the Miami DDA.
Section 4. The Miami DDA is authorized1 to make transfers between the detailed
accounts comprising any of the amounts appropriated in Section 2 above so that any available
and required balance in such accounts may be used for other necessary and proper purposes.
Section 5. Subject to Chapter 18 of the City Code, the Miami DDA is further authorized'
to solicit bids for the purposes of procuring any materials, supplies, equipment, and services
embraced in the amounts appropriated in Section 2 above for which formal bidding is required
with such bids being returnable as required by law.
Section 6. This Resolution shall be deemed supplemental and in addition to the
Resolution making appropriations for the operations of the City for the Fiscal Year commencing
October 1, 2025, and ending September 30, 2026.
Section 7. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.2
APPROVED AS TO FORM AND CORRECTNESS:
ge = . Wy y ng III, C ty ttor 9/16/2025
1 The herein authorization is further subject to compliance with all legal requirements that may be
imposed, including but not limited, to those prescribed by applicable City Charter and City Code
provisions.
2 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.