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HomeMy WebLinkAboutSubmittal-Alyce M. Robertson-DDA Resolution No. 19-2015RESOLUTION NO. 19/2015 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY ("DDA") OF THE CITY OF MIAMI, FLORIDA, APPROVING FUNDING OF AN ADDITIONAL CITY OF MIAMI POLICE OFFICER DEDICATED TO THE DDA DISTRICT IN AN AMOUNT NOT TO EXCEED $110,000, WITHIN THE PROPOSED DDA OPERATING BUDGET FOR FY 2015/2016 AS APPROVED BY THE MIAMI DDA BOARD. WHEREAS, the Miami Downtown Development Authority (DDA) of the City of Miami, Florida approved on July 17`h, 2015 a tentative budget for the Fiscal Year beginning October 1, 2015 and ending September 30, 2016; and WHEREAS, the City of Miami Commission (City) is required to approve said budget; and WHEREAS, the City met on September 10, 2015 to review and approve the DDA tentative Budget and at this meeting directed the DDA to include an additional City of Miami Police Officer solely dedicated to the DDA District; and WHEREAS, the addition of said new police officer will not increase the total Fiscal Year 2015-16 budget if the additional ad valorem tax, levied by the City Commission on all real and personal property within the Downtown Development District, is at a final millage rate of .4750 mills of the taxable value of such property; and NOW THEREFORE, be it resolved by the Board of Directors of the Miami Downtown Development Authority of the City of Miami, Florida: Section 1. The recitals are true and correct and are adopted by reference and incorporated as if fully set forth in this section. Section 2. The Board of Directors of the Miami Downtown Development Authority of the City of Miami, Florida approves funding of a new City of Miami Police Officer solely dedicated to the DDA District, in addition to the City law enforcement presently assigned to the DDA District, in an amount not to exceed $110,000, within the proposed DDA operating budget for FY 2015/2016 as approved by the Miami DDA Board, if the final millage rate adopted is .4750 mills. Section 3. Maintaining the overall approved DDA budget for fiscal year 15 - PASSED AND ADOPTED this 18th day of Septen ffier, 2015 ATTEST: 110atIffN'�'4h&L— Madelyne S. Raybou Secretary to the Board of Directors BM: 09182015 Reso#19/2015 s�brnt�t�Is-luC� M. �S-o�os� GC. Executive Director Submitted into the publ c� , J 6_N3 rec fo�i m s) � pity Cle A �rk on ODA on N0.1C112C)15