HomeMy WebLinkAboutR-26-0074City of Miami
Resolution R-26-0074
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 18883 Final Action Date: 2/12/2026
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING AND ADOPTING THE AMENDED BUDGET OF THE BAYFRONT
PARK MANAGEMENT TRUST, ATTACHED AND INCORPORATED AS
EXHIBIT "A," IN THE AMOUNT OF THIRTY-ONE MILLION, FORTY-ONE
THOUSAND, SEVEN HUNDRED FIFTY-TWO AND 00/100 DOLLARS
($31,041,752.00) FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2025,
AND ENDING SEPTEMBER 30, 2026.
SPONSOR(S): Commissioner Miguel Angel Gabela
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, pursuant to Resolution No. R-25-0410, adopted September 25, 2025, the
City Commission approved the Trust's annual budget for the Fiscal Year commencing October
1, 2025, through September 30, 2026, for a total amount of Thirty -One Million, Forty -One
Thousand, Seven Hundred Fifty -Two and 00/100 Dollars ($31,041,752.00) ("FY 25-26 Budget");
and
WHEREAS, the Trust finds it is necessary to increase the Sponsored Events and
Entertainment line item from $3,200,000.00 to $4,800,000.00 to support the 250th Anniversary of
the United States 4th of July event, a $1,600,000.00 increase; and
WHEREAS, in order to maintain a balanced budget, the Trust reduced its Capital
Expenditures line item by $1,600,000.00; and
WHEREAS, pursuant to Trust Resolution adopted on January 20, 2026, the governing
body of the Trust reviewed and approved the proposed amendments to the Trust's FY 25-26
Budget, and directed the Trust's Interim Executive Director to bring an item to City Commission
approving a budget amendment to approve amendments;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
City of Miami Page 1 of 2 File ID: 18883 (Revision: A) Printed On: 3/2/2026
File ID: 18883 Enactment Number: R-26-0074
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 Fiscal Year 2025-2026 Amended Budget, in the amount Thirty -
One Million, Forty -One Thousand, Seven Hundred Fifty -Two and 00/100 Dollars
($31,041,752.00), attached and incorporated herein 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 j ng III, C y - tor -y 2/27/2026
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: 18883 (Revision: A) Printed on: 3/2/2026