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HomeMy WebLinkAboutR-15-0396Vop City of Miami '"* Legislation < U R �O Resolution: R-15-0396 File Number: 15-01060 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Final Action Date: 9/10/2015 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING AND ADOPTING THE TENTATIVE ANNUAL BUDGET OF THE DOWNTOWN DEVELOPMENT AUTHORITY ("DDA") OF THE CITY OF MIAMI, FLORIDA ("CITY"), ATTACHED AND INCORPORATED, IN THE TOTAL AMOUNT OF $9,311,159.00, AND MAKING APPROPRIATIONS FROM THE DOWNTOWN DEVELOPMENT DISTRICT AD VALOREM TAX LEVY AND OTHER MISCELLANEOUS INCOME FOR THE DDA, FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2015 AND ENDING SEPTEMBER 30, 2016; AUTHORIZING THE DDA TO INVITE AND ADVERTISE REQUIRED BIDS; PROVIDING FOR BUDGETARY FLEXIBILITY; PROVIDING THAT THIS RESOLUTION BE DEEMED SUPPLEMENTAL AND IN ADDITION TO THE RESOLUTION MAKING APPROPRIATIONS FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2015 AND ENDING SEPTEMBER 30, 2016 FOR THE OPERATIONS OF THE CITY. WHEREAS, Section 14-59 of the Code of the City of Miami, Florida, as amended, provides that the DDA shall submit its annual budget for its operations to the City Commission for approval; and WHEREAS, the Board of Directors of the Downtown Development Authority ("DDA") of the City of Miami, Florida ("City") approved and adopted the DDA's preliminary budget for Fiscal Year 2015-2016 on July 17, 2015, pursuant to DDA Resolution 14/2015; and WHEREAS, the DDA requests the approval of the budget for the Fiscal Year commencing October 1, 2015 and ending September 30, 2016, in the total amount of $9,311,159.00; 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 DDA tentative annual budget, attached and incorporated, in the total amount of $9,311,159.00, for the operations of the DDA, for the Fiscal Year commencing October 1, 2015 and ending September 30, 2016, is approved and adopted. Section 3. The DDA shall allocate an amount not to exceed $100,000.00 towards the costs of a City police officer who shall serve solely within the boundaries of the DDA. Section 4. With the exception of the $650,000.00 DDA contribution to the Tri -Rail Downtown Miami Link Project, the abovementioned operating expenditures are merely anticipatory and thus, City of Miand Page 1 of 2 File Id. 15-01060 (Version: 2) Printed On: 3/22/2018 File Number: 15-01060 Enactment Number: R-15-0396 the Board of Directors of the 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 DDA. Section 5. The DDA is further authorized 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 6. Subject to Chapter 18 of the Code of the City of Miami, Florida, as amended, the DDA is further authorized to solicit bids for the purpose 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 7. This Resolution shall be deemed supplemental and in addition to the Resolution making appropriations for the operations of the City of Miami, for the Fiscal Year commencing October 1, 2015 and ending September 30, 2016. Section 8. 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 Miami Page 2 of 2 File Id. 15-01060 (Version: 2) Printed On: 3/22/2018