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Home My WebLink AboutAgenda Item Summary Form�G1S4 op * L1111 IIAIF: AGENDA ITEM SUMMARY FORM File ID: #7556 r O R l Date: 06/16/2020 Requesting Department: Authority Commission Meeting Date: 07/23/2020 Sponsored By: District Impacted: All Type: Resolution Subject: Proposed Millage for FY20-21 DDA Purpose of Item: Downtown Development Section 200.065(2)(a)1, Florida Statutes (2010) ("Statute"), requires each taxing authority to establish a proposed millage rate. The Miami Downtown Development Authority of the City of Miami is proposing its FY20-21 proposed millage for the City of Miami Commission's consideration. Background of Item: Section 200.065(2)(a)1, Florida Statutes (2010) ("Statute"), requires each taxing authority to establish a proposed millage rate. The Statute stipulates that the proposed millage rate be submitted to the Miami -Dade County Property Appraiser and the Tax Collector; and The proposed millage rate reflects the levy necessary to realize property tax revenues anticipated in the Fiscal Year 2020-2021 Budget for the Downtown Development Authority of the City of Miami ("MDDA"); Budget Impact Analysis Total Fiscal Impact: N/A Reviewed By Downtown Development Authority Denise Lee Downtown Development Authority Christina Crespi Office of Management and Budget Jacques Joseph Office of Management and Budget Carolina Aguila Office of Management and Budget Christopher M Rose City Manager's Office Fernando Casamayor City Manager's Office Arthur Noriega V Legislative Division Valentin J Alvarez Office of the City Attorney Barnaby L. Min Office of the City Attorney Victoria Mendez City Commission Nicole Ewan Legislative Division Valentin J Alvarez Office of the City Attorney Barnaby L. Min Office of the City Attorney Victoria Mendez Office of the Mayor Mayor's Office Office of the City Clerk City Clerk's Office Department Head Review Skipped Department Head Review Completed Budget Analyst Review Completed Budget Analyst Review Skipped Budget Review Completed Assistant City Manager Review Completed City Manager Review Completed Legislative Division Review Completed Deputy City Attorney Review Completed Approved Form and Correctness Completed Meeting Completed Legislative Division Review Completed Deputy Attorney Review Completed Approved Form and Correctness with Modification(s) Unsigned by the Mayor Completed Signed and Attested by the City Clerk Completed 06/24/2020 9:08 AM 06/30/2020 10:41 AM 07/01/2020 10:00 AM 07/06/2020 10:43 AM 07/06/2020 11:54 AM 07/06/2020 1:15 PM 07/06/2020 5:46 PM 07/07/2020 1:39 PM 07/07/2020 2:07 PM 07/14/2020 3:24 PM 07/23/2020 9:00 AM 07/27/2020 9:50 AM 07/27/2020 11:32 AM Completed 07/31/2020 1:50 PM 07/31/20201:51 PM Office of the City Clerk City Clerk's Office Rendered Completed 07/31/2020 1:51 PM City of Miami Legislation Resolution Enactment Number: R-20-0222 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 7556 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: 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 ndez, ity Attor iey 7/14/2020 ' 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.