HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #1494
fJ k \
♦0
Date: 12/09/2016 Requesting Department: Miami Sports and
Exhibition Authority
Commission Meeting Date: 01/12/2017 Sponsored By:
District Impacted:
Type: Resolution
Subject: Amend Budget - MSEA
Purpose of Item:
Approval of an amendment to the Miami Sports and Exhibition Authority ("MSEA")
Budget for FY 2016-17, as approved by the MSEA Board of Directors on August 2,
2016, and by Resolution of the Miami City Commission on September 6, 2016.
Background Information:
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with former F.S. Section 212.057 (1983) (now repealed and superseded by F.S.
212.0305 (Convention Development Taxes)), to promote sports, conventions and
exhibitions and to strive to generate community support to achieve this purpose. The
amendment recognizes $294,000 of prior year rollover and authorizes additional
expenditures in the same amount for grants for sport and exhibition events in the City.
Budget Impact Analysis
Item is Related to Revenue
Item is an Expenditure
Item is NOT funded by Bonds
Total Fiscal Impact:
Reviewed By
Miami Sports and Exhibition Authority
Office of Management and Budget
Domingo Echevarria
Office of Management and Budget
Christopher M Rose
City Manager's Office
Daniel J. Alfonso
Legislative Division
Valentin J Alvarez
Office of the City Attorney
Barnaby L. Min
Office of the City Attorney
Victoria Mendez
City Commission
Nicole Ewan
Office of the Mayor
Mayor's Office
Office of the City Clerk
City Clerk's Office
Lourdes Blanco
Initial Review
Completed
Review Pending
Completed
12/19/2016 2:55 PM
Budget Analyst Review
Completed
12/19/2016 4:13 PM
City Manager Review
Completed
12/21/2016 6:05 AM
Legislative Division Review
Completed
12/30/2016 2:04 PM
Deputy City Attorney Review
Completed
12/30/2016 2:25 PM
Approved Form and Correctness
Completed
01/03/2017 11:30 AM
Meeting
Completed
01/12/2017 9:00 AM
Signed by the Mayor
Completed
01/20/2017 4:55 PM
Signed and Attested by the City Clerk
Completed
01/20/2017 5:17 PM
-,IV ov .
City of Miami
IIS°°1 il°4I°
*01\ °° °°
Legislation
Resolution
Enactment Number: R-17-0024
File Number: 1494
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Final Action Date:1/12/2017
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING THE AMENDED BUDGET OF THE MIAMI SPORTS AND EXHIBITION
AUTHORITY ("MSEA"), ATTACHED AND INCORPORATED, IN THE AMOUNT OF
FOUR HUNDRED FORTY-FOUR THOUSAND FIVE HUNDRED THIRTY-EIGHT
DOLLARS ($444,538.00) TO PROVIDE FOR THE OPERATIONS AND CAPITAL
EXPENDITURES OF MSEA FOR THE FISCAL YEAR COMMENCING OCTOBER 1,
2016 AND ENDING SEPTEMBER 30, 2017.
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 F.S.
Section 212.057 (1983) (now repealed and superseded by F.S. 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, Section 2-1012 of the City Code states that MSEA shall promote sports,
conventions, and exhibitions to the greatest extent feasible, and that MSEA shall strive to
generate and further community support to achieve this purpose; and
WHEREAS, pursuant to Resolution No. 16-0394, adopted on September 6, 2016,
attached and incorporated as "Composite Exhibit A", the City Commission approved and
adopted the proposed MSEA annual budget for the fiscal year commencing October 1, 2016
and ending September 30, 2017 ("Fiscal Year 2016-2017") in the amount of One Hundred Fifty
Thousand Five Hundred Thirty -Eight Dollars ($150,538.00) ("Original Annual Budget"); and
WHEREAS, subsequent to its September 6, 2016 Original Annual Budget approval,
MSEA has been requested to provide community support grants in accordance with its
purposes and MSEA has available Two Hundred Ninety -Four Thousand Dollars ($294,000.00)
of unrestricted reserved rollover funds; and
WHEREAS, Section 2-1020 of the City Code also provides for MSEA to return to the
City Commission for approval of supplements to the Original Annual Budget, as requested in
"Exhibit B", attached and incorporated; and
WHEREAS, MSEA wishes to increase its Fiscal Year 2016-2017 annual budget to
account for the additional community support grants for a total amount of Four Hundred Forty -
Four Thousand Five Hundred Thirty -Eight Dollars ($444,538.00);
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 Original Annual Budget supplemented and amended in the
amount of Two Hundred Ninety -Four Thousand Dollars ($294,000.00) for a total Supplemental
Budget of Four Hundred Forty -Four Thousand Five Hundred Thirty -Eight Dollars ($444,538.00)
attached and incorporated as "Exhibit B", for the operations and capital expenditures of MSEA,
for Fiscal Year 2016-2017, is approved and adopted.
Section 3. This Resolution shall become effective immediately upon its
adoption and signature of the Mayor.'
APPROVED AS TO FORM AND CORRECTNESS:
1
i t6ria i ' ndez, City Attor ey 1/3/2017
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.