BH.6 - Approve Coconut Grove Bid Budget
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A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE COCONUT GROVE BUSINESS IMPROVEMENT DISTRICT (“BID”) IN THE AMOUNT OF TWO MILLION, FIVE HUNDRED EIGHTY-SIX THOUSAND, FIVE HUNDRED AND 00/100 DOLLARS ($2,586,500.00), ATTACHED AND INCORPORATED AS COMPOSITE EXHIBIT “A,” TO PROVIDE FOR THE MANAGEMENT, OPERATIONS, MAINTENANCE, AND CAPITAL IMPROVEMENTS OF THE BID FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2026, AND ENDING SEPTEMBER 30, 2027.
September 10, 2026
Sponsors
District Two Damian Pardo
Commissioner
Department: Coconut Grove Business Improvement District Board
Category: Other
WHEREAS, the City of Miami (“City”) established, approved, and created the Coconut Grove Business Improvement District (“BID”) pursuant to Ordinance No. 13059 adopted March 12, 2009, as subsequently amended by Ordinance No. 13171 adopted May 13, 2010, Ordinance No. 13255 adopted March 10, 2011, as re- established and approved pursuant to Resolution No. 19-0024 adopted January 19, 2019, and Ordinance No. 13833 adopted April 25, 2019; and
WHEREAS, the BID was re-established to stabilize and improve retail and other businesses within Coconut Grove through promotion, management, marketing, and other similar services including, but not limited to, coordination, funding, implementation, and maintenance of infrastructure improvements and other projects; and
WHEREAS, Section 2-1257 of the Code of the City of Miami, Florida, as amended, provides that the BID shall submit its annual budget for its management, operation, and maintenance to the City Commission for approval; and
WHEREAS, the BID Board reviewed and approved the BID's annual budget for Fiscal Year 2026-2027 on July 22, 2026, in the amount of Two Million,Five Hundred Eighty-Six Thousand,Five Hundred and 00/100Dollars ($2,586,500.00), attached and incorporated as Exhibit "A"; and
WHEREAS, the BID requests the approval of the budget for the Fiscal Year commencing October 1, 2026, and ending September 30, 2027, in the amount of Two Million,Five Hundred Eighty-Six Thousand, Five Hundred and 00/100 Dollars ($2,586,500.00), as attached and incorporated as Exhibit " A";
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 BID' s annual budget in the amount of Two Million,Five Hundred Eighty-Six Thousand,Five Hundred and 00/100 Dollars ($2,586,500.00), attached and incorporated as Exhibit "A," for the fiscal year commencing October 1, 2026, and ending September 30, 2027, is approved and adopted.
Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.
WHEREAS, the BID was re-established to stabilize and improve retail and other businesses within Coconut Grove through promotion, management, marketing, and other similar services including, but not limited to, coordination, funding, implementation, and maintenance of infrastructure improvements and other projects; and
WHEREAS, Section 2-1257 of the Code of the City of Miami, Florida, as amended, provides that the BID shall submit its annual budget for its management, operation, and maintenance to the City Commission for approval; and
WHEREAS, the BID Board reviewed and approved the BID's annual budget for Fiscal Year 2026-2027 on July 22, 2026, in the amount of Two Million,Five Hundred Eighty-Six Thousand,Five Hundred and 00/100Dollars ($2,586,500.00), attached and incorporated as Exhibit "A"; and
WHEREAS, the BID requests the approval of the budget for the Fiscal Year commencing October 1, 2026, and ending September 30, 2027, in the amount of Two Million,Five Hundred Eighty-Six Thousand, Five Hundred and 00/100 Dollars ($2,586,500.00), as attached and incorporated as Exhibit " A";
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 BID' s annual budget in the amount of Two Million,Five Hundred Eighty-Six Thousand,Five Hundred and 00/100 Dollars ($2,586,500.00), attached and incorporated as Exhibit "A," for the fiscal year commencing October 1, 2026, and ending September 30, 2027, is approved and adopted.
Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.
Fiscal Impact
Total Fiscal Impact: $2,586,500.00 Maintenance Cost: $2,586,500.00 Start Up Capital Cost: $0