HomeMy WebLinkAboutAgenda Item Summary Form:k, .y+ AGENDA ITEM SUMMARY FORM
"` File ID: #6302
Date: 08/08/2019 Requesting Department: Virginia Kev Beach
Park Trust
Commission Meeting Date: 09/12/2019 Sponsored By:
District Impacted: District 2
Type: Resolution
Subject: Approve Annual Budget FY'20 - Virginia Kev Beach Park Trust
Purpose of Item:
The Board of Trustees of Virginia Key Beach Park Trust (the Trust) request that the City
Commission approve the attached resolution requesting $2,150,000.00 for F/Y 2019-
2020 budget. This sum consists of the total amount of $2,000.00 Cash with Fiscal
Agent Funds, $1,028,000.00 Trust carryover funds, $50,000.00 in awarded grants and
$770,000.00 in anticipated revenues and $300,000.00 from City of Miami operating
funds to provide the general administrative and operational staff the support to continue
the progress and improvement at Historic Virginia Key Beach Park.
Backaround of Item:
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 by Ordinance No. 12201 adopted on March 14,
2002; Ordinance No. 12857 adopted October 12, 2006; Ordinance No. 13004 adopted
June 12, 2008; Ordinance 13065 adopted May 14, 2009; Ordinance No. 13170 adopted
May 13, 2010; and Ordinance No. 13681 adopted May 25, 2017
The Trust, is guided by its vision to preserve the Historic Virginia Key Beach Park
property in a manner consistent with the environmental health, public use, and historical
legacy of the social and civil rights history of South Florida African American community.
Budaet Impact Analvsis
Item is Related to Revenue
Item is an Expenditure
Item is NOT funded by Bonds
Total Fiscal Impact:
N/A
Saecial Revenue Account No: 11590.940101.Various (See attached for Obiects)
Reviewed By
Virginia Key Advisory Board
Guy Forchion
Department Head Review
Completed
08/20/2019 12:27 PM
Office of Management and Budget
Denise Lee
Budget Analyst Review
Skipped
08/21/2019 8:40 AM
Office of Management and Budget
Aniska Elliott
Budget Analyst Review
Completed
08/30/2019 12:18 PM
Office of Management and Budget
Christopher M Rose
Budget Review
Completed
08/30/2019 12:24 PM
City Manager's Office
Nzeribe Ihekwaba
Assistant City Manager Review
Completed
08/30/2019 1:54 PM
City Manager's Office
Ignacio Ortiz -Petit
Legislative Division
Valentin J Alvarez
Office of the City Attorney
Valentin J Alvarez
City Commission
Maricarmen Lopez
Office of the Mayor
Mayor's Office
Office of the City Clerk
City Clerk's Office
Legislative Division
Valentin J Alvarez
Office of the City Attorney
Barnaby L. Min
Office of the City Attorney
Victoria Mendez
Office of the City Clerk
City Clerk's Office
City Manager Review
Completed
Legislative Division Review
Completed
Deputy City Attorney Review
Skipped
Meeting
Completed
Signed by the Mayor
Completed
Signed and Attested by the City Clerk Completed
Legislative Division Review
Completed
Deputy Attorney Review
Completed
Approved Form and Correctness with Modification(s)
Rendered
Completed
08/30/2019 2:06 PM
08/30/2019 3:18 PM
08/30/2019 3:19 PM
09/12/2019 5:05 PM
09/16/2019 4:39 PM
09/16/2019 4:44 PM
10/24/2019 8:56 AM
10/24/2019 9:48 AM
Completed
10/25/2019 8:21 AM
File Number: 6302
City of Miami
Legislation
Resolution
Enactment Number: R-19-0365
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
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:
' 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.