BH.16 - Approve Virginia Key Park Trust Budget

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; 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, maintenance, and capital expenditures to the City Commission for approval; and

WHEREAS, the governing body of the Trust reviewed and approved the Trust's budget for Fiscal Year 2026-2027 on July 9, 2026; and

WHEREAS, the Trust 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,Eight Hundred Forty Thousand and 00/100 Dollars ($2,840,000.00);

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 2026-2027 budget, in the amount of Two Million,Eight Hundred Forty Thousand and 00/100 Dollars ($2,840,000.00), attached and incorporated, 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.