HomeMy WebLinkAboutAgenda Item Summary FormJr
AGENDA ITEM SUMMARY FORM
F€ File ID: #2824
Date: 08/16/2017 Requesting Department: Downtown
Development Authority
Commission Meeting Date: 09/19/2017 District Impacted: All
Type: Resolution
Subject: Tentative Budget for FY'18 - DDA
Purpose of Item:
The DDA requests that the City Commission adopt the attached Appropriations
Resolution for the fiscal year beginning October 1, 2017 and ending September 30,
2018.
Background of Item:
Chapter 14 of the City of Miami Code authorizes the City Commission to levy an
additional ad valorem tax on all real and personal property within the DDA for the
purpose of financing the operations of the DDA.
The DDA budget for FY2016-2017 was based on ad valorem revenues of $7,808,726.
The proposed DDA budget for FY2017-2018 is based on estimated ad valorem of
$8,791,683. This represents an increase in ad valorem of $982,957.
Attached for City Commission approval is an Appropriations Resolution for the DDA for
fiscal year beginning October 1, 2017 and ending September 30, 2018.
Budget Impact Analysis
Total Fiscal Impact:
$11.940.683.00
Reviewed By
Downtown Development Authority
Alyce Robertson
Office of Management and Budget
Pedro Lacret
Office of Management and Budget
Christopher M Rose
Legislative Division
Valentin J Alvarez
Office of the City Attorney
Xavier Alban
Office of the City Attorney
Barnaby L. Min
Office of the City Attorney
Victoria Mendez
City Commission
Nicole Ewan
City Commission
Nicole Ewan
Office of the Mayor
Mayor's Office
Office of the City Clerk
City Clerk's Office
Department Head Review
Completed
08/22/2017 2:35 PM
Budget Analyst Review
Completed
08/22/2017 5:33 PM
Budget Review
Completed
08/23/2017 9:37 AM
Legislative Division Review
Completed
09/01/2017 9:56 AM
ACA Review
Completed
09/05/2017 3:05 PM
Deputy City Attorney Review
Completed
09/05/2017 4:00 PM
Approved Form and Correctness
Completed
09/05/2017 6:10 PM
Meeting
Completed
09/14/2017 5:05 PM
Meeting
Completed
09/19/2017 5:05 PM
Signed by the Mayor
Completed
09/19/2017 7:32 PM
Signed and Attested by the City Clerk Completed
09/19/2017 7:34 PM
File Number: 2824
City of Miami
Legislation
Resolution
Enactment Number: R-17-0428
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Final Action Date:9/19/2017
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
$11,940,683.00, 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, 2017 AND ENDING SEPTEMBER 30, 2018; AUTHORIZING THE DDA
TO MAKE TRANSFERS BETWEEN ACCOUNTS FOR NECESSARY AND PROPER
PURPOSES; AUTHORIZING THE DDA TO INVITE AND ADVERTISE REQUIRED
BIDS; PROVIDING THAT THIS RESOLUTION BE DEEMED SUPPLEMENTAL AND IN
ADDITION TO THE RESOLUTION MAKING APPROPRIATIONS FOR THE FISCAL
YEAR BEGINNING OCTOBER 1, 2017 AND ENDING SEPTEMBER 30, 2018 FOR
THE OPERATIONS OF THE CITY.
WHEREAS, Section 14-59 of the Code of the City of Miami, Florida, as amended ("City
Code"), provides that the Downtown Development Authority ("DDA") of the City of Miami,
Florida ("City") shall submit its annual budget for its operations to the City Commission for
approval; and
WHEREAS, the Board of Directors of the DDA approved and adopted the DDA's
preliminary budget for Fiscal Year 2017-2018 on July 21, 2017 pursuant to DDA Resolution
28/2017; and
WHEREAS, the DDA requests the approval of the tentative budget for the Fiscal Year
commencing October 1, 2017 and ending September 30, 2018 in the total amount of
$11,940,683.00;
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 $11,940,683.00, for the operations of the DDA, for the Fiscal Year commencing
October 1, 2017 and ending September 30, 2018, is approved and adopted.
Section 3. With the exception of the $317,000.00 DDA contribution to the Tri -Rail
Downtown Miami Link Project, the abovementioned operating expenditures are merely
anticipatory and thus, 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 4. 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 5. 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 purposes 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 6. This Resolution shall be deemed supplemental and in addition to the
Resolution making appropriations for the operations of the City for the Fiscal Year commencing
October 1, 2017 and ending September 30, 2018.
Section 7. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.'
APPROVED AS TO FORM AND CORRECTNESS:
1
i ria i "ndez, City Attor iey 9/5/2017
' 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.