HomeMy WebLinkAboutR-17-0431opCity of Miami
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Legislation
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Resolution R-17-0431
File Number: 2830
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 ANNUAL BUDGET OF THE MIAMI SPORTS
AND EXHIBITION AUTHORITY ("MSEA"), ATTACHED AND INCORPORATED,
IN THE AMOUNT OF $677,150.00 TO PROVIDE FOR THE OPERATIONS AND
CAPITAL EXPENDITURES OF MSEA FOR THE FISCAL YEAR COMMENCING
OCTOBER 1, 2017 AND ENDING SEPTEMBER 30, 2018.
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 Ordinance No. 9662, adopted July 28, 1983, in connection with former Florida Statute Section
212.057 (1983) (now repealed and superseded by Florida Statute Section 212.0305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 MSEA 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, the MSEA Board of Directors reviewed and approved MSEA's budget for
Fiscal Year 2017-2018 on July 18, 2017; and
WHEREAS, the MSEA Board of Directors requests the City Commission to approve the
budget for the Fiscal Year commencing October 1, 2017 and ending September 30, 2018 in the
amount of $677,150.00;
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 annual budget, attached and incorporated, in the amount of
$677,150.00 for the operations and capital expenditures of MSEA for the Fiscal Year
commencing October 1, 2017 and ending September 30, 2018, is approved and adopted.
City of Miami Page 1 of 2 File ID: 2830 (Revision: A) Printed On: 12/20/2017
File ID: 2830
Enactment Number: R-17-0431
Section 3. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.'
APPROVED AS TO FORM AND CORRECTNESS:
ria ndez, ity ttor ey 11/16/2017
' 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: 2830 (Revision: A) Printed on: 1212012017