HomeMy WebLinkAboutDDA ResolutionsRESOLUTION NO. 13/2015
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF
MIAMI, FLORIDA, AUTHORIZING THE EXECUTIVE
DIRECTOR TO ESTABLISH A PROPOSED MILLAGE RATE FOR
THE DOWNTOWN DEVELOPMENT DISTRICT OF THE CITY OF
MIAMI, FLORIDA FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 2015 AND ENDING SEPTEMBER 30, 2016 AT 0.475
MILLS.
WHEREAS, Section 200.065(2) (a) 1, Florida. Statutes (2010) ("Statute"), requires each taxing
authority to establish a proposed millage rate; and
WHEREAS, the Statute stipulates that the proposed millage rate be submitted to the Miami -Dade
County Property Appraiser and the Tax Collector; and
WHEREAS, the proposed millage rate reflects the levy necessary to realize property tax revenues
anticipated in the Fiscal Year 2015-2016 Budget for the Downtown Development Authority of the City of
Miami ("DDA"); and
WHEREAS, the Statute requires that the proposed tax rate be included on tax notices; and
WHEREAS, the proposed millage rate submitted to the Property Appraiser is not binding but
necessary for the purpose of preparation of tax notices.
NOW THEREFORE, be it resolved by the Board of Directors of the 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 DDA Board of Directors hereby authorizes the Executive Director to establish
a proposed millage rate for the Downtown Development District of the City of Miami, Florida for the Fiscal
Year beginning October 1, 2015 and ending September 30, 2016 at 0.475 mills.
Section 3. The Executive Director of the DDA is instructed to submit said proposed rate for
the Downtown Development District of the City of Miami, Florida to the Miami -Dade County Property
Appraiser and Tax Collector.
PASSED AND ADOPTED this 17th day of M, 2015.
CoirPf sion6f 9arc�hr ff, Chairman
/ .4//
A y M, obertson, Executive Director
ATT
Madelyne S.Okaybodrn
Secretary to the Board of Directors
Board Meeting duly 17, 2015
Reso4:13/15
RESOLUTION NO. 14/2015
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE MIAMI
DOWNTOWN DEVELOPMENT AUTHORITY ("DDA") OF THE CITY OF
MIAMI, FLORIDA, APPROVING TIIE PRELIMINARY ANNUAL BUDGET OF
THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY FOR THE FISCAL
YEAR BEGINNING OCTOBER 1, 2015 AND ENDING SEPTEMBER 30, 2016,
REQUESTING THAT THE MIAMI CITY COMMISSION ESTAB.LIS14 THE
MiL.LAGE TO SUPPORT THE FINANCIAL REQUIREMENTS OF THE
BUDGET; AUTHORIZING THE .EXECUTIVE DIRECTOR OF THE MIAMI
DOWNTOWN DEVELOPMENT AUTHORITY TO EXPEND FUNDS FOR THE,
BUDGET; DIRECTING THE EXECUTIVE DIRECTOR TO FILE A DETAILED
STATEMENT OF THE PROPOSED EXPENDITURES AND ESTIMATED
REVENUES FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2015 AND
ENDING SEPTEMBER 30, 2016 WITH THE CITY CLERK OF THE CITY OF
MIAMI AFTER ADOPTION AND ESTABLISHMENT OF THE M.I.LLAGE BY
THE, MIAMI CITY COMMISSION; AND FURTHER PROVIDING THAT A
COPY OF THIS RESOLUTION BE FILED WITH THE CITY CLERK OF THE
CITY OF MIAMI.
WHEREAS, the Miami Downtown Development Authority (DDA) of the City of Miami,
Florida has prepared a preliminary budget for the Fiscal Year beginning October 1, 2015 and
ending September 30, 2016; and
WHEREAS, the Board of Directors of the DDA has reviewed said budget, said budget
being based on the Estimated Tax Roll provided by Miami -Dade County; and
WHEREAS, the Board of Directors of the DDA finds that the proposed budget is
necessary in order to further the objectives of the Downtown Development Authority, as
authorized by City Ordinance.
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 preliminary budget of the DDA, as submitted by the Executive
Director, is made part of this Resolution and is hereby approved and shall be known as the
"Annual Budket of the Miami Downtown Development Authority: Fiscal Year October 1, 2015
through September 30.2016".
Section 3. The following appropriations for the Fiscal Year beginning October 1,
2015 and. ending September 30, 201+6 are hereby made for the purpose of financing the operation
and other legal and proper purposes of the Miami Downtown Development Authority of the City
of Miami, Florida, to wit:
Board Meeting July 17, 2015 Page 1 oft
Reso#;14/15
Revenue Sources
Ad Valorem Tax Levy
Other Revenue
Carryover Funds from Prior Years
Downtown Development Regional Impact (DRI) Funds
Total Sources
Use of Funds
Leadership, Advocacy, & Operations
CIP, Urban Design, Transportation & Services
Signage & Wayfinding Program
Trl-Rall Downtown Link
Economic Development, Research, Marketing & PR
Strategic Partnerships & Sponsorships
Subtotal
Downtown Development Regional Impact (DRI) Expenditures
Total Uses
O@N@RALFUND
DRI
TOTALAI.I.FUNDS
7,187,129
7,187,129
250,000
250,000
1,559,030
1,559,030
315,000
315,000
8,996,159
315,000
91311,159
1,202,806
1,202,806
2,817,779
2,817,779
500,000
500,000
650,000
6501000
2,785,174
2,785,174
1,040,400
1,040,400
8,996,159
8,996,159
3151000
315,000
8,996;159
315,000
9,311,159
Section 4. The Commission of the City of Miami is requested to adopt said
preliminary budget and establish the millage, authorized by law, to support the financial
requirements of this budget.
Section 5. The Executive Director of the Miami Downtown Development Authority
is authorized to expend funds, including new salary rates, as provided in said budget, after
adoption and establishment of the millage by the Miami City Commission, upon the first day of
the 2015-2016 Fiscal Year, October 1, 2015.
Section 6. The Executive Director of the DDA is directed to prepare and file with
the City Clerk of the City of Miami, Florida detailed statement of the proposed expenditures and
estimated revenues for the Fiscal Year 2015-2016, which. shall be entitled "Annual Budget of the
Miami Downtown Develonment Authoritv: Fiscal Year October 1. 2015 through Sentember 30,
2016".
Section 7. A copy of this Resolution shall be filed with the City Clerk of the City of
Miami, Florida after adoption of the millage by the City of Miami Commission.
PASSED AND ADOPTED this 17"' clay of July,
oner Marc lVat'p'ff, Chairman.
Roberts6n. Executive Director
ATT ST:
Madelyne S4. Raybourn
Secretary to the Board of the Directors
Board Meeting July 17, 2015
Reso4:14/15
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