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Resolution
File Number: 15-01062
Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE COCONUT GROVE
BUSINESS IMPROVEMENT DISTRICT ("BID"), ATTACHED AND INCORPORATED,
IN THE AMOUNT OF $2,142,509.00, TO PROVIDE FOR THE MANAGEMENT,
OPERATION AND MAINTENANCE OF THE BID, FOR THE FISCAL YEAR
COMMENCING OCTOBER 1, 2015, AND ENDING SEPTEMBER 30, 2016.
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;
and
WHEREAS, the BID was established to stabilize and improve retail and other business 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 budget for Fiscal Year 2015-2016
on August 10, 2015; and
WHEREAS, the BID requests the approval of the budget for the Fiscal Year commencing
October 1, 2015, and ending September 30, 2016, in the amount of $2,142,509.00;
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 2015-2016 budget,.in the amount of $2,142,509.00, attached
and incorporated, for the Fiscal Year commencing October 1, 2015, and ending September 30, 2016,
is approved and adopted.
Section 3. This Resolution shall become effective immediately upon its adoption and signature
of the Mayor. {1}
City of Mia nii Page I of 2 File Id: 15-01.062 (Mersion: 1) Printed On.: 812112015
File Number: 15-01062
APPROVED AS TO FORM AND CORRECTNESS:
�J_'x
VI TORIA M NDE
CITY ATTORNEY
Footnotes:
{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. 15-01062 (Fer siora: 1) Prirxted Ori: 8/21/2015