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LTC 319-2020 Budget Advisory Committee MotionM IA M I BEACH O FFIC E O F TH E C ITY M A N A G ER LTC# 319-2020 LETTER TO COM M ISSIO N TO: Mayor Dan Gelber and Members of the City Commission FROM : Jimmy L. Morales, City Manager DATE: September 16, 2020 SUBJECT: Budget Advisory Committee Motion The purpose of this Letter to Commission (LTC) is to inform the Mayor and City Commission of a motion passed by the Budget Advisory Committee at its meeting on September 15, 2020. The Budget Advisory Committee supports Resolution 2020-31343 which specifies the use of funds from the Marina Park project, including prioritization of $15 million for the General Fund reserv e and recognizes the financial benefits of the project as a whole, including increased rent and capital investments. Motion made by Ron Star kman Motion second by: Mar c Gidney Motion passed: 8-0 , il#?