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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #17968 Date: 08/06/2025 Commission Meeting Date: 09/25/2025 Requesting Department: Bayfront Park Management Trust Sponsored By: Miguel Gabela District Impacted: District 1 Type: Resolution Subject: Approve Annual Budget FY '26 - Bayfront Park Management Trust Purpose of Item: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING AND ADOPTING THE ANNUAL BUDGET AND MASTERPLAN OF THE BAYFRONT PARK MANAGEMENT TRUST IN THE TOTAL AMOUNT OF THIRTY MILLION, SIX HUNDRED TWENTY-THREE THOUSAND, SEVEN HUNDRED FIFTY- TWO AND 00/100 DOLLARS ($30,623,752.00), ATTACHED AND INCORPORATED AS EXHIBIT "A," TO PROVIDE FOR THE MANAGEMENT, OPERATIONS, MAINTENANCE, AND CAPITAL IMPROVEMENTS OF THE MILDRED AND CLAUDE PEPPER BAYFRONT PARK AND MAURICE A. FERRE PARK FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2025, AND ENDING SEPTEMBER 30, 2026. Background of Item: THE BAYFRONT PARK MANAGEMENT TRUST (TRUST) WAS CREATED BY THE MIAMI CITY COMMISSION TO DIRECT, OPERATE, MANAGE AND MAINTAIN ALL ASPECTS OF BAYFRONT PARK AND MAURICE A. FERRE PARK. THE TRUST OPERATES ON EARNED INCOME AND RECEIVES NO FUNDING FROM THE CITY OF MIAMI. PURSUANT TO SECTION 38-109 OF THE CODE OF THE CITY OF MIAMI, FLORIDA, THE TRUST SUBMITS ITS ANNUAL BUDGET TO THE CITY COMMISSION FOR APPROVAL. Budget Impact Analysis Item is NOT Related to Revenue Item has NOT an Expenditure Item is NOT funded by Bonds Total Fiscal Impact: <Insert Account information Here> Bayfront Park Management Trust Raul Miro District 3 - Commissioner Joe Carollo Head Review Skipped Office of Management and Budget Donovan Dawson Office of Management and Budget Marie Gouin Reviewed B Department Head Review Mabel Betancourt 08/06/2025 9:37 AM Budget Analyst Review Budget Review Completed 08/06/2025 10:10 AM Interim Department Completed 08/08/2025 4:07 PM Completed 08/11/2025 9:49 AM City Manager's Office City Manager's Office City Manager's Office Legislative Division City Manager's Office Office of the City Attorney Office of the City Attorney City Commission City Commission Office of the Mayor Office of the City Clerk Legislative Division Office of the City Attorney Office of the City Attorney Office of the City Clerk Mabel Betancourt Mabel Betancourt Larry M. Spring Valentin J Alvarez Arthur Noriega V Xavier Alban George K. Wysong III Maricarmen Lopez Maricarmen Lopez Mayor's Office City Clerk's Office Valentin J Alvarez Xavier Alban George K. Wysong III City Clerk's Office Assistant City Manager Review Deputy City Manager Review Assistance City Manager Review Legislative Division Review City Manager Review ACA Review Approved Form and Correctness Meeting Meeting Skipped Skipped Completed Completed Completed Completed Completed Completed Completed Signed by the Mayor Completed Signed and Attested by the City Clerk Completed Legislative Division Review Completed ACA Review Completed Approved Form and Correctness with Modification(s) Rendered Completed 08/11/2025 3:17 PM 08/11/2025 3:17 PM 08/13/2025 3:05 PM 08/13/2025 3:39 PM 08/20/2025 10:33 AM 08/28/2025 3:14 PM 08/28/2025 3:51 PM 09/13/2025 10:00 AM 09/25/2025 5:05 PM 09/25/2025 9:32 PM 09/25/2025 9:36 PM 10/23/2025 4:20 PM 12/08/2025 10:45 AM Completed 12/17/2025 10:11 AM City of Miami Legislation Resolution Enactment Number: R-25-0410 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 17968 Final Action Date:9/25/2025 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING AND ADOPTING THE AMENDED ANNUAL BUDGET AND MASTERPLAN OF THE BAYFRONT PARK MANAGEMENT TRUST, IN THE TOTAL AMOUNT OF THIRTY-ONE MILLION, FORTY-ONE THOUSAND, SEVEN HUNDRED FIFTY-TWO AND 00/100 DOLLARS ($31,041,752.00), ATTACHED AND INCORPORATED AS EXHIBIT "A," TO PROVIDE FOR THE MANAGEMENT, OPERATIONS, MAINTENANCE, AND CAPITAL IMPROVEMENTS OF THE MILDRED AND CLAUDE PEPPER BAYFRONT PARK AND MAURICE A. FERRE PARK FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2025, AND ENDING SEPTEMBER 30, 2026. WHEREAS, the Bayfront Park Management Trust ("Trust") is a limited agency and instrumentality of the City of Miami ("City") created pursuant to Ordinance No. 10348 adopted November 19, 1987, as subsequently amended from time to time; and WHEREAS, the Trust is responsible for directing, operating, managing, and maintaining all aspects of Mildred and Claude Pepper Bayfront Park and Maurice A. Ferre Park (collectively, "Parks"); and WHEREAS, Section 38-109 of the Code of the City of Miami, Florida, as amended, provides that the Trust shall submit its annual budget for the management, operation, maintenance, and capital expenditures of the Parks to the City Commission for approval; and WHEREAS, the governing body of the Trust reviewed and approved the Trust's annual budget for Fiscal Year 2025-2026 in the total amount of Thirty Million, Six Hundred Twenty Three Thousand, Seven Hundred Fifty -Two and 00/100 Dollars ($30,623,752.00), on July 30, 2025 pursuant to Trust Resolution No. 25-55, for the management, operation, maintenance, and capital expenditures for the Parks; and WHEREAS, the Trust requests the approval by the City Commission of the amended Budget, attached and incorporated as Exhibit "A," for Fiscal Year 2025-2026 in the total amount of Thirty -One Million, Forty -One Thousand, Seven Hundred Fifty -Two and 00/100 Dollars ($31,041,752.00); and WHEREAS, on July 10, 2025, the City Commission adopted Ordinance No. 14382 abolishing the Bayfront Park Management Trust effective January 1, 2026, and at such time the powers and duties of the Trust shall revert to the City and the City shall resume responsibility for the maintenance, operation and management of the Parks, and any funds budgeted, allocated, appropriated, received, or contributed to the Trust for management, maintenance, and operations of the Parks for Fiscal Year 2025-2026 shall be transferred to the City; 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 Trust's amended Budget and Masterplan for the management, operation, maintenance, and capital improvements of the Parks in the total amount of Thirty One Million, Forty -One Thousand, Seven Hundred Fifty -Two and 00/100 Dollars ($31,041,752.00), attached and incorporated as Exhibit "A," for the Fiscal Year commencing October 1, 2025, and ending September 30, 2026, 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: ge = . Wy y ng III, C ty ttor -y 8/28/2025 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.