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Resolution: R-19-0365
File Number: 6302
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Final Action Date: 9/12/2019
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE VIRGINIA KEY
BEACH PARK TRUST ("TRUST"), ATTACHED AND INCORPORATED, AS
COMPOSITE EXHIBIT "A," IN THE AMOUNT OF $300,000.00 FROM CITY OF
MIAMI OPERATING FUNDS, $1,125,000.00 FROM TRUST CARRYOVER
FUNDS, $2,000.00 FROM TRUST CASH WITH THE FISCAL AGENT, $50,000.00
IN GRANTS, $1,000,000.00 FROM THE 2020 ULTRA MUSIC FESTIVAL, AND
$770,000.00 IN ANTICIPATED REVENUE, FOR A TOTAL AMOUNT OF
$3,247,000.00, TO PROVIDE FOR THE MANAGEMENT, OPERATION,
MAINTENANCE FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2019
AND ENDING SEPTEMBER 30, 2020.
WHEREAS, the Virginia Key Beach Park Trust ("Trust") is a limited agency and
instrumentality of the City of Miami ("City") created pursuant to Ordinance No. 12003 adopted
December 14, 2000, as subsequently amended from time to time; and
WHEREAS, the Trust, in cooperation with the Department of Parks and Recreation and
other City departments, is guided by its vision to preserve the Historic Virginia Key Beach Park
property in a manner consistent with the environmental health, public use, historical importance
of the park, and the aspirations of the African American community; and
WHEREAS, Section 38-237 of the Code of the City of Miami, Florida, as amended,
provides that the Trust shall submit its annual budget for its management, operation, and
maintenance to the City Commission for approval; and
WHEREAS, the governing body of the Trust reviewed and approved the Trust's budget
for Fiscal Year 2019-2020 on September 3, 2019 in the total amount of $3,247,000.00, as more
particularly set forth in Composite Exhibit "A," attached and incorporated; and
WHEREAS, the Trust requests the approval of the budget for the Fiscal Year
commencing October 1, 2019 and ending September 30, 2020 in the amount of $300,000.00
from City operating funds, $1,125,000.00 from Trust carryover funds, $2,000.00 from Trust cash
with the Fiscal Agent, $50,000.00 in grants, $1,000,000.00 from the 2020 Ultra Music Festival,
and $770,000.00 in anticipated revenue for a total amount of $3,247,000.00, as more
particularly set forth in Composite Exhibit "A," attached and incorporated;
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 Trust's Fiscal Year 2019-2020 budget in the amount of $300,000.00 from
City operating funds, $1,125,000.00 from Trust carryover funds, $2,000.00 from Trust cash with
City of Miami Page 1 of 2 File ID: 6302 (Revision: A) Printed On: 12/2/2019
File ID: 6302
Enactment Number: R-19-0365
the Fiscal Agent, $50,000.00 in grants, $1,000,000.00 from the 2020 Ultra Music Festival, and
$770,000.00 in anticipated revenue for a total amount of $3,247,000.00, attached and
incorporated as Composite Exhibit "A," for the Fiscal Year commencing October 1, 2019 and
ending September 30, 2020 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:
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' If the Mayor does not sign this Resolution, it shall become effective at the end of (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 commission.
City of Miami Page 2 of 2 File ID: 6302 (Revision: A) Printed on: 12/2/2019