HomeMy WebLinkAboutLegislationFile Number: 15-01018
City Hall
3500 Pan American
Drive
Miami, FL 33133
www,miamigov.com
Final Action Late:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE MIAMI SPORTS
AND EXHIBITION AUTHORITY ("MSEA"), ATTACHED AND INCORPORATED, IN
THE AMOUNT OF $88,935,00, TO PROVIDE FOR THE OPERATIONS AND
CAPITAL EXPENDITURES OF MSEA, FOR THE FISCAL YEAR COMMENCING
OCTOBER 1, 2015, AND ENDING SEPTEMBER 30, 2016.
WHEREAS, the Miami Sports and Exhibition Authority ("MSEA") was established as an
independent and autonomous agency and instrumentality of the City of Miami ("City") pursuant to City
Commission Ordinance No. 9662, adopted July 28, 1983, in connection with former Florida Statute
Section 212.057 (1983) (now repealed and superseded by Florida Statute Section 212.0305
(Convention Development Taxes)), to promote sports, conventions and exhibitions and to strive to
generate community support to achieve this purpose; and
WHEREAS, Section 2-1020 of the Code of the City of Miami, Florida, as amended ("City
Code"), provides that MSEA shall submit its annual budget for its operations and capital expenditures
to the City Commission for approval; and
WHEREAS, pursuant to Section 2-1017 of the City Code, MSEA shall, to the greatest extent it
determines to be feasible, implement the exercise of its powers in a manner which utilizes and
encourages the fullest and most active participation and cooperation of private enterprise; and
WHEREAS, the MSEA Board of Directors reviewed and approved its budget for Fiscal Year
2015-2016 on July 21, 2015; and
WHEREAS, the MESA requests the approval of the budget for the Fiscal Year commencing
October 1, 2015, and ending September 30, 2016, in the amount of $88,935.00;
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 MSEA annual budget, attached and incorporated, in the amount of $88,935.00,
for the operations and capital expenditures of MSEA, for the Fiscal Year commencing October 1, 2015,
City of Mia in Page I of 2 File Id: 15-01018 (Tlersion: 1) Printed On: 8121/2015
City of Miami
Legislation
r1v
�r
Resolution
File Number: 15-01018
City Hall
3500 Pan American
Drive
Miami, FL 33133
www,miamigov.com
Final Action Late:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE MIAMI SPORTS
AND EXHIBITION AUTHORITY ("MSEA"), ATTACHED AND INCORPORATED, IN
THE AMOUNT OF $88,935,00, TO PROVIDE FOR THE OPERATIONS AND
CAPITAL EXPENDITURES OF MSEA, FOR THE FISCAL YEAR COMMENCING
OCTOBER 1, 2015, AND ENDING SEPTEMBER 30, 2016.
WHEREAS, the Miami Sports and Exhibition Authority ("MSEA") was established as an
independent and autonomous agency and instrumentality of the City of Miami ("City") pursuant to City
Commission Ordinance No. 9662, adopted July 28, 1983, in connection with former Florida Statute
Section 212.057 (1983) (now repealed and superseded by Florida Statute Section 212.0305
(Convention Development Taxes)), to promote sports, conventions and exhibitions and to strive to
generate community support to achieve this purpose; and
WHEREAS, Section 2-1020 of the Code of the City of Miami, Florida, as amended ("City
Code"), provides that MSEA shall submit its annual budget for its operations and capital expenditures
to the City Commission for approval; and
WHEREAS, pursuant to Section 2-1017 of the City Code, MSEA shall, to the greatest extent it
determines to be feasible, implement the exercise of its powers in a manner which utilizes and
encourages the fullest and most active participation and cooperation of private enterprise; and
WHEREAS, the MSEA Board of Directors reviewed and approved its budget for Fiscal Year
2015-2016 on July 21, 2015; and
WHEREAS, the MESA requests the approval of the budget for the Fiscal Year commencing
October 1, 2015, and ending September 30, 2016, in the amount of $88,935.00;
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 MSEA annual budget, attached and incorporated, in the amount of $88,935.00,
for the operations and capital expenditures of MSEA, for the Fiscal Year commencing October 1, 2015,
City of Mia in Page I of 2 File Id: 15-01018 (Tlersion: 1) Printed On: 8121/2015
File Number, 15-01018
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}
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 Mia fit i Page 2 of 2 File Id. 15-01018 (Version: 1) Printed On: 8/2112015