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2001-24671 Reso . . RESOLUTION NO. 2001-24671 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING THE CITY MANAGER TO ADVANCE $50,000 TO NORTH BEACH DEVELOPMENT CORPORATION, FROM THE NORTII BEACH PORTION OF QUALITY OF LIFEIRESORT TAX FUNDS FOR FISCAL YEAR 1999/2000, WHICH WERE PREVIOUSLY APPROPRIATED IN RESOLUTION 2001-24396, SAID FUNDS FOR THE PURPOSE OF SUPPORTING TOURIST RELATED INITIATIVES IN THE NORTH BEACH AREA. WHEREAS, North Beach Development Corporation annually receives Quality of LifelResort Tax funding from the City for tourist related initiatives in the North Beach area; and WHEREAS, since 1995, North Beach Development Corporation has assisted the North Beach community in prioritizing projects to be implemented annually, and WHEREAS, on October 10, 2001, the Finance & Citywide Projects Committee approved this item and recommended that it be forwarded to the City Commission for approval. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City Commission herein approve that $50,000 be advanced to North Beach Development Corporation from the North Beach portion of Quality of LifelResort Tax funds for fiscal year 1999/2000, which were previously appropriated in Resolution 2001-24396, said funds for the purpose of supporting tourist related initiatives in the North Beach Area. PASSED AND ADOPTED THIS::>IlHiday of Attest: ~f~ CITY CLERK JMGIPDW/GE Yif~-=~O~ NPROVED AS TO FORM & LANGUAGE .. FOR EXeCUTION 1d~ U-.c,- 01 CITY OF MIAMI BEACH CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139 www.ci.miami-beach.f1.us COMMISSION MEMORANDUM To: From: Mayor David Dermer and Date: November 28, 2001 Members of the City Commission Jorge M. Gonzalez ~ . ~ / City Manager Il-"-"D A RESOLUTION OF E MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING THE CITY MANAGER TO ADVANCE $50,000 TO NORTH BEACH DEVELOPMENT CORPORATION, FROM THE NORTH BEACH PORTION OF QUALITY OF LIFE/RESORT TAX FUNDS FOR FISCAL YEAR 1999/2000, WHICH WERE PREVIOUSLY APPROPRIATED IN RESOLUTION 2001-24396, SAID FUNDS FOR THE PURPOSE OF SUPPORTING TOURIST RELATED INITIATIVES IN THE NORTH BEACH AREA. Subject: ADMINISTRATION RECOMMENDATION: Adopt the Resolution ANALYSIS North Beach Development Corporation (NBDC) annually receives funding from the City for tourist related initiatives in the North Beach area. This is known as "Quality of Life" funds provided from the additional one percent Resort Tax on room revenues, which was approved by referendum on November 3, 1992. The proceeds of this additional tax are to be split as follows: 50% for public incentives for the convention center headquarters hotel development and 50% for promotion, development, improvement and maintenance of tourist related activities and facilities. Since 1995, North Beach Development Corporation (NBDC) has assisted the North Beach community in prioritizing projects to be implemented through an annual community workshop process to create a project list to be funded with these quality of life funds. NBDC has been using their own funds to provide funding for projects and upon completion a reimbursement request from the "Quality of Life" funds is submitted to the City. This process has created a hardship in their monthly cash flow and they have requested that the City provide an advance of the previously appropriated funds to ease their fiscal requirements. On October 10, 2001, the Finance & Citywide Projects Committee approved this item and recommended that it be forwarded to the full Commission for approval. Therefore, we are requesting that $50,000 be advanced to them from current project funding. NBDC will use this money to fund the projects proposed by the community, and approved by the Mayor and City Commission in Resolution 2001-24396 on May 16, 200t ~l\/GE Agenda Item C 7 F 10/ Date 1/-':;'/'-01 ,-