HomeMy WebLinkAboutR-17-0024City of Miami
Legislation
Resolution 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Section 212.057 (1983) (now repealed and superseded by F.S. 212.0305 [Convention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
City of Miami Page 1 of 2 File ID: 1494 (Revision:) Printed On: 5/3/2017
File ID: 1494
Enactment Number: R-17-0024
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:
T—\
i ria i ' nd- ez Comity Attor iey 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.
City of Miami Page 2 of 2 File ID: 1494 (Revision:) Printed on: 5/3/2017