HomeMy WebLinkAboutR-20-02220FCity of Miami
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Legislation
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l ° R I° Resolution: R-20-0222
File Number: 7556
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Final Action Date: 7/23/2020
A RESOLUTION OF THE MIAMI CITY COMMISSION COMPUTING A
PROPOSED MILLAGE RATE FOR THE MIAMI DOWNTOWN DEVELOPMENT
AUTHORITY OF THE CITY OF MIAMI, FLORIDA ("DDA") FOR THE FISCAL
YEAR BEGINNING OCTOBER 1, 2020 AND ENDING SEPTEMBER 30,2021;
AUTHORIZING THE DDA'S EXECUTIVE DIRECTOR TO SUBMIT SAID
PROPOSED MILLAGE RATE AND STATUTORILY DEFINED ROLLED -BACK
RATE TO THE MIAMI-DADE COUNTY PROPERTY APPRAISER AND TAX
COLLECTOR TOGETHER WITH THE DATES, TIMES, LOCATIONS, OR
VIRTUAL MEETING FORMAT OF THE PUBLIC HEARINGS AT WHICH THE
CITY COMMISSION WILL CONSIDER THE PROPOSED MILLAGE RATE, THE
DDA'S TENTATIVE BUDGET, THE TENTATIVE MILLAGE, FINAL MILLAGE,
AND FINAL BUDGET FOR SAID FISCAL YEAR.
WHEREAS, Section 200.065, Florida Statutes ("Statute"), sets forth requirements for the
"Truth in Millage" ("TRIM") notice and requires each taxing authority to establish a proposed
millage rate and to determine the statutorily defined rolled -back rate; and
WHEREAS, the Statute stipulates that said proposed millage rate and statutorily defined
rolled -back rate be submitted to the Miami -Dade County Property Appraiser ("Property
Appraiser') and the Miami -Dade County Tax Collector ("Tax Collector'); and
WHEREAS, said proposed millage rate will reflect the levy necessary to fund the Miami
Downtown Development Authority of the City of Miami, Florida's ("DDA") tentative budget other
than the portion of the budget to be funded from sources other than ad valorem taxes; and
WHEREAS, the Statute defines the "rolled back millage rate" as a millage rate which,
with certain specified exclusions, will provide the same ad valorem tax revenue for each taxing
authority as was levied during the prior year less the amount, if any, paid or applied as a
consequence of an obligation measured by the dedicated increment value; and
WHEREAS, the exclusions to the rolled back millage rate are "new construction,
additions to structures, deletions, increases in the value of improvements that have undergone a
substantial rehabilitation which increased the assessed value of such improvements by at least
one hundred (100%), property added due to geographic boundary changes, total taxable value
of tangible personal property within the jurisdiction in excess of one hundred fifteen percent
(115%) of the previous year's total taxable value, and any dedicated increment value"; and
WHEREAS, the proposed millage rate submitted to the Property Appraiser and the Tax
Collector is not binding but is necessary for the purpose of preparation of TRIM notices;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
City of Miami Page 1 of 2 File ID: 7556 (Revision: A) Printed On: 812412020
File ID: 7666 Enactment Number: R-20-0222
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated herein as if fully set forth in this Section.
Section 2. The DDA's rolled back rate is 0.4599 mills.
Section 3. The proposed millage rate for the DDA for the Fiscal Year beginning October
1, 2020 and ending September 30, 2021 is 0.4681 mills, which is 1.78% more than the rolled
back rate.
Section 4. The Executive Director is hereby authorized' to submit forthwith the rolled
back rate and the proposed millage rate for the DDA to the Property Appraiser and to the Tax
Collector together with the dates, times, locations, or virtual meeting format at which the City
Commission will hold public hearings to consider the proposed millage rate, the DDA's tentative
budget, tentative millage, final millage, and final budget for said fiscal year as follows:
September 10, 2020 at 5:05 P.M. in the Commission Chambers at City Hall, 3500 Pan
American Drive, Miami, Florida and September 24, 2020 at 5:05 P.M. in the Commission
Chambers at City Hall, 3500 Pan American Drive, Dinner Key, Miami, Florida, or such other
times, dates, locations, or virtual meeting format as determined by the City Commission,
provided to the Property Appraiser and Tax Collector, and publicly noticed by the City Clerk in
accordance with Florida laws.
Section 5. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.2
APPROVED AS TO FORM AND CORRECTNESS:
i ria i "ndez,'City Attor iey 7/31/2020
' The herein authorization is further subject to compliance with all legal requirements that may be
imposed, including but not limited to, those prescribed by applicable City Charter and City Code
provisions.
2 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days
from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective
immediately upon override of the veto by the City Commission.
City of Miami Page 2 of 2 File ID: 7556 (Revision: A) Printed on: 8/24/2020