2008-26771 ResoRESOLUTION NO. 2008-26771
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF
THE CITY OF MIAMI BEACH, FLORIDA, ADOPTING THE FIRST
AMENDMENT TO THE GENERAL, ENTERPRISE, AND
INTERNAL SERVICE FUNDS BUDGETS FOR FISCAL YEAR (FY)
2006/07 TO APPROPRIATE PRIOR YEAR ENCUMBRANCES
AND AMEND CERTAIN BUDGETS.
WHEREAS, Florida Statutes prohibit the over expenditure of departmental budgets
and funds; and
WHEREAS, additionally, $0.2 million in General Fund prior year encumbrances
require an amendment because certain services and capital items were purchased during FY
2005/06 with FY 2005/06 budgeted funds and were paid during FY 2006/07; and
WHEREAS, the budget for the Fire, Capital Improvement Projects, and Economic
Departments reflect additional expenses in excess of budget that are offset by increased revenue
and expenditure savings in other areas; and
WHEREAS, the Administration has performed a detailed review and it is anticipated
that the General Fund will have an overall operating budget surplus of $15.5 million; and
WHEREAS, the City's financial policies adopted pursuant to Resolution 2006-26341
and Resolution 2002-24764 require one time revenues (such as the year-end surplus) must be used
for non-recurring expenses, and that at least half of each annual year-end surplus must be allocated
to the City's Capital Reserve Fund; and
WHEREAS, the General Fund budget is proposed to be further increased by using
the $15.5 million operating budget surplus to fund the City Capital Reserve and certain other one-
time expenditures including :replacing Capital Investment Upkeep Account funds thatwere reduced
in FY 2007/08 budget; reimbursing the City's FY 2007/08 operating contingency as included in the
resolution adopting the City's Education Compact for International Baccalaureate implementation
costs at the middle school and high school level as well as beginning to set aside additional funds
towards implementation in the elementary schools; replacing Convention Development Taxes (CDT)
funds used for Lincoln Road improvements and construction of the new Fire Station 2 based on the
recent Miami-Dade County audit; reducing deficits in the City's Risk Management fund pursuant to
the City's financial policy; and setting aside funds forthe City's accrued liability forpost-employment
(retiree health) benefits pursuant to new requirements of GASB 45; and
WHEREAS, the Enterprise Fund Budget of the Convention Center requires an
amendment to fund expenditures in excess of its budget of $0.727 million that will be offset by
higher than anticipated revenues; and
WHEREAS, the Internal Service Fund Budgets of the Central Service, Fleet
Management and Property Management Funds require an amendment to fund The Central Service
Fund excess of expenditures of $37,195 due to higher than expected operating costs and the Fleet
Management Fund excess of expenditures of $105,733 due to higher costs for tires and repair
supplies.
APPROPRIATIONS (continued)
GENERAL FUND
Transfers
MB Homeowner's Dividend Fund
Capital Reserve Fund
Pay-As-You-Go Capital Fund
Info & Comm Technology Fund
Risk Management Fund
11 % Emergency Reserve Contribution
Inc. FY 08 Cap. Invest. Upkeep
CDT Fund Repayment
Education Compact Repayment & Set aside
GASB 45 Reserve
CAPITAL RENEWAL & REPLACEMENT
S.POINTE CAPITAL R & R
Sub Total Transfers
Total General Fund
ENTERPRISE FUNDS
APPROPRIATIONS
Convention Center/TOPA
Parking
Sanitation
Sewer Operations
Stormwater Operations
Water Operations
Total Enterprise Funds
Total General and Enterprise Funds
INTERNAL SREVICE FUNDS
APPROPRIATIONS
Central Services
Fleet Management
Information Technology
Property Management
Risk Management
Total Internal Service Funds
"Includes prior year encumbrances.
FY 2006/07 Changes Recommended FY 2006/07
Adopted Budget in Rev/Exp Additional Amended Budget
Appropriation* Appropriation
4,900,000 $ 0 $ 0 $ 4,900,000
2,500,000 0 10,078,849 12,578,849
7,500,000 0 0 7,500,000
1,400,000 0 0 1,400,000
1,000,000 0 1,000,000 2,000,000
3,338,419 0 0 3,338,419
0 0 720,000 720,000
0 0 1,205,876 1,205,876
0 0 500,000 500,000
0 0 2,000,000 2,000,000
3,266,096 0 0 3,266,096
258,990 0 0 258,990
$ 24,163,505 $ 0 $ 15,504,725 $ 39,668,230
$ 237,673,096 $ (4,631,736) $ 15
504
725 $ 248
546
085
,
, ,
,
$ 16,630,117 $ 726,950 $ 0 $ 17,357,067
25,330,512 0 0 25,330,512
14,793,905 0 0 14,793,905
30,586,841 0 0 30,586,841
8,368,000 0 0 8,368,000
24,623,011 0 0 24,623,011
$ 120,332,386 $ 726,950 $ 0 $ 121,059,336
$ 358,005,482 $ (3,904,786) $ 15,504,725 $ 369
605
421
,
,
$ 861,167 $ 37,195 $ 0 $ 898,362
7,430,539 105,733 0 7,536,272
14,296,593 0 0 14,296,593
9,082,496 0 0 9,082,496
19,564,677 0 0 19,564
677
$ 51,235,472 $ 142,928 $ 0 $ ,
51
378
400
,
,
Passed and adopted this 13th day of February of 2008.
ATTEST:
~a~~..
City Clerk
Robert Parcher
. ~,
Mayor
Matti H. Bower
APPROVED AS TO
FORM & LANGUAGE
8~ FOR EXECUTION
~tY ~~ jute
NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the first amendment to the Fiscal
Year 2006/07 General Fund, Enterprise and Internal Service Funds budgets is adopted as follows:
REVENUES FY 2006/07 Changes Recommended FY 2006/07
Adopted Budget in Rev/Exp Additional Amended Budget
Appropriation* Appropriation
GENERAL FUND
OPERATING REVENUES
Ad Valorem Taxes $ 136,782,868 $ (1,730,722) $ 0 $ 135
052
146
Ad Valorem Taxes-Capital Renew/Repl. 3
266
096 0 ,
,
Ad Valorem Taxes-S.Pointe Cap R & R. ,
,
258
990
0 0 3,266,096
Ad Valorem Taxes-Normandy Shores ,
87
949
0 0 258,990
Other Taxes ,
22,153,300
1,083,217 0
0 87 949
23
236
517
Licenses and Permits 13,025,335 6,886,758 0 ,
,
19
912
093
Intergovernmental 11,160,640 164,552 0 ,
,
11
325
192
Charges for Services 7,490,350 994,076 0 ,
,
8
484
426
Fines and Forfeits 1,826,000 (218,821) 0 ,
,
1
607
179
Interest
Rents and Leases 5,300,000 2,761,952 0 ,
,
8,061,952
Miscellaneous 2,934,251 1,100,253 0 4,034,504
Other-Resort Tax contribution 6,013,515
19
571
309 (76,671) 0 5,936,844
Other-Non Operating revenues ,
,
7,802,493
(91
605) 0
0 19,571,309
Total G
l F , 7,710,888
enera
und Revenues $ 237,673,096 $ 10,872
989 $ 0 $ 248
, ,546,085
APPROPRIATIONS
Department
MAYOR & COMMISSION $ 1,418,860 (106,417) $ 0 $ 1
312
443
CITY MANAGER 2,328,805 (15,142) 0 ,
,
2
313
663
Communications 1,188,552 (165,218) 0 ,
,
1
023
334
BUDGET & PERFORMANCE IMPROVE 1,985,126 (98
302) 0 ,
,
FINANCE
4,559,048 ,
(197,726)
0 1,886,824
4
361
322
Procurement
HUMAN RESOURCES/LABOR RELATIONS 902,160 (60,114) 0 ,
,
842,046
CITY CLERK 1,895,510 (16,829) 0 1,878,681
CITY ATTORNEY 1,683,647 (173,551) 0 1,510,096
ECONOMIC DEVELOPMENT 4,319,400 (493,719) 0 3,825,681
BUILDING 915,191 63,548 0 978,739
PLANNING 8,268,849 (465,903) 0 7,802,946
TOURISM & CULTURAL DEVELOP. 3,173,702
3
212
468 (184,149)
152 0 2,989,553
NEIGHBORHOOD SERVICES ,
,
5,646,042 (
,207)
(397
317) 0
0 3,060,261
PARKS & RECREATION
28,068,400 ,
(1
740
031)
0 5,248,725
PUBLIC WORKS
7,033,709 ,
,
(616
822)
0 26,328,369
CAPITAL IMPROVEMENT PROJECTS
3,126
464 ,
71
568 6,416,887
POLICE
FIRE ,
75,252,774 ,
(589,588) 0
0 3,198,032
74,663,186
CITYWIDE ACCOUNTS 43,303,018 1,319,944 0 44,622,962
Capital Investment & Upkeep 2,000,000 (504
124) 0
Normandy Shores District
135
254 ,
0 1,495,876
Operating Contingency ,
1,300
000
0 0 135,254
Other Accounts ,
11,792,612
(109
637) 0
0 1,300,000
Sub Total G
l F , 11,682,975
enera
und $ 213,509,591 $ (4,631
736) $ 0 $ 208
, ,877,855
COMMISSION ITEM SUMMARY
Condensed Title:
A resolution to adopt the first amendment to the General and Enterprise Funds Budgets for Fiscal Year (FY)
2006/07 to appropriate prior year encumbrances and amend certain budgets.
Intended Outcome Su
I•
'Ensure expenditure trends are sustainable over the long term
Im rove the City's overall financial health and maintain overall bond ratin
Supporting Data (Surveys, Environmental Scan, etc.):
• The City's Adopted 2007/08-2011/12 CIP includes project appropriations of $680.6 million through FY
2007/08 and $162.5 million is programmed through FY 2011/12, which may have unforeseen increases.
• The 2005 Survey showed 73% of respondents support reallocating City tax dollars to improve schools.
• The Risk Management deficit as of FY 2005/06 was $10.8 million. Our financial policies have a goal to fund
100% of pending claims and strive to fund 2/3 of the value of "claims incurred but not reported."
• At the end of FY 2007/08, the City will be required to record it's accrued liability for post-employment (retiree
health) benefits pursuant to new requirements of GASB 45 that are anticipated to be si nificant.
Issue:
Whether to ado t the first amendment to the FY 2006/07 Bud ets?
item summa iKecommendation:
Only 3 General Fund departments have prior year expenses in excess of appropriations, thereby requiring
budget amendments: CIP, Economic Development, and most significantly the Fire Department. The year-end
surplus in the General Fund is estimated at $15.5 million, net of these impacts. Much of the surplus was
anticipated due to measures implemented early in response to Property Tax Reform, resulting incost-savings in
almost every City department, and a total of $4.6 million Citywide. In addition, also anticipated was much of the
$4.4 million in additional revenues due to increased electrical franchise fees, increased Police and Fire Off-Duty
Fee and from Miami Beach Golf Club revenues, increased interest earnings, and increased rent and lease
revenues due primarily to the new Live Nation agreement, that were partially offset by reduced ad-valorem
property taxes. Further, building permit revenues exceeded budgeted revenues by over $6 million primarily due
to reviews and audits of building permit fees.
Our financial policies require one time revenues (such as the year-end surplus) to be used for non-
recurring expenses, and at least half of each annual year-end surplus to be allocated to the Capital
Reserve Fund. The General Fund $15.5 million surplus is recommended to fund the Capital Reserve and
certain one-time expenditures including: replacing Capital Investment Upkeep Account funds reduced in FY
2007/08 budget; reimbursing contingency used for the City's Education Compact for middle and high school
International Baccalaureate implementation costs, at the as well as beginning to set aside funds for
implementation in the elementary schools; replacing CDT funds pursuant to the recent audit; reducing deficits in
the Risk Management fund; and continuing to aside funds towards the accrued liability for post-employment
(retiree health) benefits pursuant to new requirements of GASB 45.
The Convention Center overexpenditure ($0.726million)tyill be offset by higher than anticipated revenues. The
Central Services Fund overexpenditure ($37,195) due to higher mailing costs will be offset by Retained
Earnings. The Fleet Management Fund overexpenditure ($105,733) due to higher costs for tires and repair
supplies will be offset by hi her than anticipated interest income.
Advisory Board Recommendation:
I
Financial Information:
Source of Amount
Funds: 1 $15,504,725
2 $ 726,950
3 $ 142,928
OBP Total $16,374,603
Financial Impact Su
Clerk's Office Legislative
General Fund
Enterprise Funds
Internal Service Funds
nt
~~ ~~ ~ ~~ AGENDA ITEM ~ ~ J
DAT€ 2'~ 3 f0~
First amendment to the FY 2006/07 General Fund, Enterprise and Internal Service Fund
Budgets
Page 2
Department
Reappropriation of
Prior Year Encumbrances
Purpose
Fire Department
Capital Imp. Program Office
Total Expenditure Increase
$195,155
71,568
$266,723
Prof. Svcs./Operating Exp.
Professional Service
In addition to the prioryear encumbrances, additional appropriations are needed forthe Fire
and Economic Development Departments where expenses exceeded budgeted
appropriations:
The Fire Department's increase is due primarily to relocation of offices during
construction, higher internal service costs, and higher than anticipated overtime usage.
• The Economic Development Department is due to higher personnel costs for prior year
adjustments that were posted this year.
The General Fund reflects a surplus of revenues over expenses of $15.5 million primarily
due to the City's implementation of pro-active cost-saving measures very early in the Fiscal
Year 2006/07 in response to Property Tax Reform discussions that were on-going during the
fiscal year. These measures resulted in significant cost-savings in almost every City
department except the Fire Department, for a total savings of approximately $4.6 million
Citywide.
In addition, on the revenue side, approximately $4.4 million in additional revenues were
anticipated in the FY 2006/07 third quarter projections that were included in the FY 2007/08
Proposed Budget book primarily due to increased electrical franchise fees (Other Taxes),
increased Police and Fire Off-Duty Fee revenue as well as revenues from Miami Beach Golf
Club (Charges for Services), increased interest earnings due to higher than budgeted
interest rates and fund balances, increased rent and lease revenues due primarily to the
new Live Nation agreement, (Rents and Leases), and increased building permit revenues
(Licenses and Permits). These increases were partially offset by reduced ad-valorem
property taxes primarily due to higher than anticipated property value appeals approved by
Miami-Dade County. Further, actual building permit revenues for FY 2006/07 exceeded the
budgeted revenues by over $6 million primarily as a result of a comprehensive review of
certain inconsistencies in the application of building permit fees, the implementation of new
processes and an audit of existing open permits
The City's financial policies adopted pursuant to Resolution 2006-26341 and Resolution
2002-24764 require one time revenues (such as the year-end surplus) mustbe used for
non-recurring expenses, and that at least half of each annual year-end surplus must
be allocated to the City's Capital Reserve Fund. It is recommended that the budget be
further increased by using the $15.5 million surplus as follows:
• $7.8 million to meet the minimum requirement of 50% of year-end surplus to the City's
Capital Reserve Fund to continue to ensure funding for previously approved capital
projects where expenditures have increased due to bids that are overbudget, change
orders, or other unforeseen items;
• $0.72 million to replace Capital Investment Upkeep Accountfunds thatwere reduced in
FY 2007/08 budget pursuant to the second budget hearing;
First amendment to the FY 2006/07 General Fund, Enterprise and Internal Service Fund
Budgets
Page 3
• $0.5 million to reimburse the City's operating contingency as included in the resolution
adopting the City's Education Compact for International Baccalaureate implementation
costs at the middle school and high school level ($223,000) as well as beginning to set
aside additional funds towards implementation in the elementary schools ($277,000);
• $1.206 million to replace CDT funds used for Lincoln Road improvements ($0.670
million) and construction of the new Fire Station 2 ($0.536 million) based on the recent
Miami-Dade County audit regarding the use of Convention Development Taxes (CDT)
granted pursuant to the Amended CDT Interlocal Agreement;
• $1 million to reduce deficits in the City's Risk Management fund pursuant to the City's
financial policy, and consistent with direction received in the preparation of the City's FY
2007/08 annual operating budget;
• $2 million to continue to set aside funds for the City's accrued liability for post-
employment (retiree health) benefits pursuant to new requirements of GASB 45; and
• $2.3 million additional to the City's Capital Reserve Fund to continue to ensure funding
for previously approved capital projects- almost 100% of funds appropriated for this
purpose through FY 2007/08 have been allocated to ongoing existing projects, and the
City's Adopted 2007/08-2011/12 Capital Improvement Plan includes project
appropriations of $680.6 million through FY 2007/08 and an additional $162.5 million is
programmed through FY 2011/12. Further augmenting the Capital Reserve is
recommended to help ensure sufficient for projects should additional unforeseen needs
occur in the future.
A summary of the resulting increases and decreases to revenues and expenditures is
provided in the following section.
GENERAL FUND
Revenues
Reductions:
Ad Valorem Taxes
Miscellaneous
Other Non-Operating Revenue
Fines and Forfeits
Total Reductions
Increases:
Other Taxes
Licenses and Permits
Intergovernmental Revenues
Charges for Services
Interest
Rents and Leases
Total Increases
Total Inc./(Dec.) to Revenue
(1,730,722)
(76,671)
(91,605)
(218,821)
(2,117,819)
1,083,217
6,886,758
164, 552
994,076
2, 761, 952
1,100,253
12,990,808
10,872,989
First amendment to the FY 2006/07 General Fund, Enterprise and Internal Service Fund
Budgets
Page 4
Expenses
Reductions:
Mayor and Commission
City Manager
Communications
City Clerk
Finance
Office of Budget & Perf Improve.
Human Resources/Labor Relations
Procurement
City Attorney
Building
Planning
Tourism & Cultural Development
Neighborhood Services
Parks and Recreation
Public Works
Police
Citywide Accounts
Citywide Accounts-Transfers
Total Reductions
Increases:
Economic Development
Fire
Capital Improvement Projects
Total Increases
Subtotal Inc./(Dec.) to Expenses
Recommended Transfers
Capital Reserve Fund
Risk Management fund
FY 08 Capital Investment Upkeep Account
CDT Fund Repayment
Education Compact Repayment & Set aside
GASB 45 Reserve
Total Increases
(106,417)
(15,142)
(165,218)
(173,551)
(197,726)
(98,302)
(16,829)
(60,114)
(493,719)
(465,903)
(184,149)
(152,207)
(397,317)
(1,740,031)
(616,822)
(589,588)
(109,637)
(504,124)
(6,086,796)
63,548
1,319,944
71,568
1,455,060
(4,631,736)
10,078,849
1,000,000
720,000
1,205,876
500, 000
2,000,000
15,504,725
Total Inc./(Dec.) to Expenses
ENTERPRISE FUNDS
10,872,989
The City accounts for proprietary operations in Enterprise Funds. Convention Center,
Parking, Sanitation, Sewer, Stormwater, and Water are included in this grouping. In the
Enterprise Funds, the Convention Center Fund Budget must be amended. The Convention
Center Fund is over by $726,950 due to higher personnel and electricity expenses
associated with a higher volume of events. These expenses will be offset by revenues from
a higher than previously anticipated volume of events.
First amendment to the FY 2006/07 General Fund, Enterprise and Internal Service Fund
Budgets
Page 6
CONCLUSION
The attached Resolution will allow the first amendment to departmental appropriations within
the General Fund and Enterprise Funds Budgets to be enacted. This action is necessary to
comply with Florida Statutes which stipulate that we may not expend more than our
appropriations provide.
JMG:KGB:JC
Page 1 of 1
Hernandez, Kerry
From: Parcher, Robert
Sent: Wednesday, April 23, 2008 9:36 AM
To: Brooks, Kathie
Cc: Hernandez, Kerry
Subject: Resolution 2008-26771
Kathie, has this analysis been completed? I want to tie the analysis back to the Resolution.
Bob
9:35:32 p.m.
R7J A Resolution Adopting The First Amendment To The General, Enterprise And Internal Services Fund Budgets
For Fiscal Year (FY) 2006/2007 To Appropriate Prior Year Encumbrances And Amend Certain Budgets.
(Budget & Performance Improvement)
ACTION: Resolution No. 2008-26771 adopted subject to the requirement that staff prepares the analysis that
justifies the expenditures. Motion made by Commissioner Gross; seconded by Commissioner Wolfson; Voice vote:
7-0. Kathie Brooks to handle.
M IAM 1 BEACH
Robert Parcher, City Cterk
CITY CLERK'S OFFICE
1700 Convention Center Drive, Miami Beach, FL 33139
Tel: 305-673-7411 /Fax: 305-673-7254 / ww.w_miamibeachfl.gov
We are committed to providing excellent public service and safety to all who live, work and play in our vibrant, tropical, historic community.
04/23/2008
Page 1 of 3
Hernandez, Kerry
From: Parcher, Robert
Sent: Thursday, February 28, 2008 1:13 PM
To: Brooks, Kathie; Hernandez, Kerry
Subject: RE: Resolution 2008-26771
It's fine, I want to make sure that I know when the analysis is complete so the it can be tied back to the Reso.
MIAMIBEACN
Robert Parcher, City Clerk
CITY CLERK'S OFFICE
1700 Convention Center Drive, Miami Beach, FL 33139
Tel: 305-673-7411 1 Fax: 305-673-7254 / www miambeachfl.go_v
We are committed to providing excellent public service and safety to all who live, work and play in our vibrant, tropical, historic community.
From: Brooks, Kathie
Sent: Thursday, February 28, 2008 12:48 PM
To: Hernandez, Kerry
Cc: Parcher, Robert
Subject: RE: Resolution 2008-26771
We are working on the analysis.
Parcher: I thought we were wording in a way to avoid that.
MIAMIBEACH
Kathie G. Brooks, Director
BUDGET & PERFORMANCE IMPROVEMENT
1700 Convention Center Drive
Miami Beach, FL 33139
Phone 305-673-7000 ext. 6249/ Fax 305-673-7782 / www.miamibeachtl.eov
We are committed to providing excellent public service and safety to all who live, work and play in our vibrant, tropical, historic community
From: Hernandez, Kerry
Sent: Thursday, February 28, 2008 12:46 PM
To: Brooks, Kathie
Cc: Parcher, Robert
Subject: Resolution 2008-26771
Importance: High
Kathie,
We are holding off on the execution of Resolution 2008-26771 until the analysis that justifies the expenditures
is prepared. If it has been prepared can we obtain a copy or if not, please send us a copy when prepared.
Thanks,
Kerry
R7J A Resolution Adopting The First Amendment To The General, Enterprise And Internal Services
Fund Budgets For Fiscal Year (FY) 2006/2007 To Appropriate Prior Year Encumbrances And
Amend Certain Budgets.
(Budget & Performance Improvement)
02/28/2008
Page 2 of 3
ACTION: Resolution No. 2008-26771. adopted subject to the requirement that staff
prepares the analysis that justifies the expenditures. Motion made by Commissioner Gross;
seconded by Commissioner Wolfson; Voice vote: 7-0. Kathie Brooks to handle.
Jorge Gonzalez, City Manager, explained that $10 million out of the $15 million is going into the
Capital Reserve Fund which. is where projects that come in higher than expected or changes in
scope require additional money are funded. The balance of the money is being used to fully fund
the educational compact commitments or start to meet more of the GASB 45 Retirees Health
requirements, or to meet additional expenditures identified by the CDT audit and the annual $1.
million to Risk Management fund. This fund needs to be balanced or closed to being balance
before the meeting with the Wall Street rating agencies.
Vice-Mayor Lbbin talked about the $6 million which was generated because of the new system.
that has been implemented by the Building Department.
Commissioner Gross stated that he understands that money generated in the Building
Department must stay in the Building Department. He asked. the City Manager to explain how
he can spend this money in capital improvement projects.
Jorge Gonzalez, City Manager, explained that the money does not necessarily have to stay in the
Building Department; it can be used for expenses associated with the building development
process. The City incorporates into this process more than just the Building Department; there
are costs associated with Public Works, Planning Department, etc. He can give an accounting of
the projects and. the monies.
Commissioner Gross stated that the accounting doesn't need to be to the penny but $6.5 million
is a lot of money and asked when the study for lowering the fees will be completed.
Jorge Gonzalez, City Manager, stated that the issue of lowering the fees will be looked at later in
the fiscal year. He stated that as specified in the LTC distributed prior to the meeting, the City is
contemplating having a consultant do a rate study and not just from a fee and collection
perspective but also the volume. The bulk of this money is projects that have been approved
three to five years ago and are now coming to completion. He stated that he does not want to
artificially lower the rates thinking that this money will continue to come in. Theoretically it will
correct itself since the money will be collected at the time of the application versus at closing.
He added that he will provide an accounting of the $b.5 million via LTC.
Motion made by Commissioner Gross to adopt the Resolution subject to the requirement
that staff prepares the analysis that justifies the expenditures; seconded by Commissioner
Wolfson; Voice vote: 7-0.
MIAMIBEACH
Kerry A. Hernandez, Office Associate V
CITY CLERK'S OFFICE
1700 Convention Center Drive, Miami Beach, FL 33139
Phone: 305-673-7000 ext. 6534 / Fax: 305-673-7254 ! www.m.amibeachfl.gov
We are committed to providing excellent public service and safety to a!I who live, work and play in our vibrant, tropical, historic community.
02/28/2008