HomeMy WebLinkAboutComposite Exhibit CComposite Exhibit C
City Commission Resolution No. R-20-0222, adopted July 23,2020,
and attachments thereto
City of Miami
J'f
Legislation
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: 713112020
File ID: 7556 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:
1
i ria i "nd- e�z &iAttor ey 7/31/2020
1 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.
z 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: 7/31/2020
File Number: 7556
Revision: A
City of Miami
Master Report
Enactment Number: R-20-0222
File Type: Resolution
File Name: Proposed Millage for FY20-21 DDA
Requesting Dept: Downtown Development Authority
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Status: ADOPTED WITH
MODIFICATION(S)
Controlling Body: City Commission
Introduced: 6/15/2020
Final Action Date: 7/23/2020
Title: 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.
Notes:
Links:
Attachments: 7556 Back -Up Documents (PDF)
7556 Pre -Legislation (PDF)
7556 Back -Up from Law Dept (PDF)
History of Legislative File:
Revision:
Acting Body:
Date:
Action:
Result:
Christopher M Rose
7/6/2020
Budget Review
Completed
Victoria Mendez
7/14/2020
Approved Form and
Completed
Correctness
City Commission
7/23/2020
Meeting
Completed
City Commission
7/23/2020
ADOPTED WITH
Passed
MODIFICATION(S)
A
Victoria Mendez
7/31/2020
Approved Form and
Completed
Correctness with Modification(s)
A
Mayor's Office
7/31/2020
Unsigned by the Mayor
Completed
A
City Clerk's Office
7/31/2020
Signed and Attested by the City
Completed
Clerk
A
City Clerk's Office
7/31/2020
Rendered
Completed
City of Miami Page 1 of 1 Printed on: 713112020
RESOLUTION NO. 024/2020
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF
MIAMI, FLORIDA AUTHORIZING THE EXECUTIVE DIRECTOR
TO ESTABLISH A PROPOSED MILLAGE RATE FOR THE
DOWNTOWN DEVELOPMENT DISTRICT OF THE CITY OF
MIAMI, FLORIDA FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 2020 AND ENDING SEPTEMBER 30, 2021 AT 0.4681
MILLS.
WHEREAS, Section 200.065(2)(a)l, Florida Statutes (2019) ("Statute"), requires each taxing
authority to establish a proposed millage rate; and
WHEREAS, the Statute stipulates that the proposed millage rate be submitted to the Miami -Dade
County Property Appraiser and the Tax Collector; and
WHEREAS, 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 ("Miami DDA"); and
WHEREAS, the Statute requires that the proposed tax rate be included on tax notices; and
WHEREAS, the proposed millage rate submitted to the Property Appraiser is not binding but
necessary for the purpose of preparation of tax notices;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA:
Section 1. The recitals are true and correct and are adopted by reference and incorporated as
if fully set forth in this Section.
Section 2. The Miami DDA Board of Directors hereby authorizes the Executive Director to
establish a proposed millage rate for the Downtown Development District of the City of Miami, Florida
("District") for the Fiscal Year beginning October 1, 2020 and ending September 30. 2021 at 0.4681 mills.
Section 3. The Executive Director of the Miami DDA is instructed to submit said proposed
millage rate for the Downtown Development District of the City of Miami, Florida to the Miami -Dade
County Property Appraiser and Tax Collector.
Section 4. This Resolution shall become effective immediately upon its adoption.
PASSED AND ADOPTED this loth day ofJuly, 2020.
Commissioner Manolo Keyes, Chainnan
Christina Crespi, Executive Director
ATTE
ne de la Vega
Secretary to the Board of Directors
RESOLUTION NO. 025/2020
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE MIAMI
DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI,
FLORIDA ("MIAMI DDA"), WITH ATTACHMENT(S), APPROVING THE
PRELIMINARY ANNUAL BUDGET OF THE MIAMI DDA FOR THE FISCAL
YEAR BEGINNING OCTOBER 1, 2020 AND ENDING SEPTEMBER 30, 2021
("FISCAL YEAR"); REQUESTING THAT THE MIAMI CITY COMMISSION
ESTABLISH THE MILLAGE TO SUPPORT THE FINANCIAL REQUIREMENTS
OF THE BUDGET; AUTHORIZING THE EXECUTIVE DIRECTOR OF THE
MIAMI DDA TO EXPEND FUNDS FOR THE BUDGET; DIRECTING THE
EXECUTIVE DIRECTOR TO FILE A DETAILED STATEMENT OF THE
PROPOSED EXPENDITURES AND ESTIMATED REVENUES FOR THE
FISCAL YEAR WITH THE CITY CLERK OF THE CITY OF MIAMI AFTER
ADOPTION AND ESTABLISHMENT OF THE MILLAGE BY THE MIAMI CITY
COMMISSION; AND FURTHER DIRECTING THE EXECUTIVE DIRECTOR TO
FORWARD A COPY OF THIS RESOLUTION TO THE OFFICIALS STATED
HEREIN.
WHEREAS, the Miami Downtown Development Authority of the City of Miami, Florida
("Miami DDA") has prepared a preliminary budget ("Budget") for the Fiscal Year beginning
October 1, 2020 and ending September 30, 2021 ("Fiscal Year"); and
WHEREAS, the Board of Directors of the Miami DDA has reviewed the Budget based on
the Estimated Tax Roll provided by Miami -Dade County; and
WHEREAS, the Board of Directors of the Miami DDA finds that the Budget is necessary
in order to ftuther the objectives ofthe Miami DDA as authorized by the Code of the City of Miami,
Florida, as amended;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
MIAMI DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA:
Section 1. The recitals are true and correct and are adopted by reference and
incorporated as if fully set forth in this Section_
Section 2. The Budget of the Miami DDA as submitted by the Executive Director,
attached and incorporated as Exhibit "A", is approved.
Section 3. The following appropriations for the Fiscal Year are hereby made for the
purposes of financing the operations and other legal and proper purposes of the Miami DDA:
GENERAL FUND
Revenue Sources
Ad valorem Tar Levy
5 10,580,000
Reimbursements
1,015,000
Total Revenues
11,59s,000
Use of Funds
General Expenses
3.252,350
Leadership, Advocacy and Operations
881.000
Urbanism
5,136,000
Enterprise
1,367,650
5e1;-Wtal
10,637.000
",ind Balances and Reserves 956,Goo
Total Uses 11,595,000
Section 4. The Miami City Commission is urged to approve the Budget and to
establish the millage as authorized by law to support the financial requirements of the Budget.
Section 5. The Executive Director is authorized to expend funds, including any salary
modifications as required, as provided in the Budget after adoption and establishment of the millage
by the Miami City Commission beginning October 1, 2020.
Section 6. The Executive Director is authorized to transfer two million dollars ($2M)
from the Money Market Account to the Economic Recovery Reserve Money Market Account
already opened at Citibank, N.A. The account has a balance of approximately one million dollars
($1 M) and with the transfer will totaled approximately three million dollars ($3M) in reserves, This
reserve account is created to subsidize any loss of revenues anticipated in future fiscal years. The
funds will be transferred from the carryover funds from prior years with no other fiscal impact on
the Budget.
Section 7. The Executive Director is directed to prepare and file with the City Clerk
of the City of Miami, Florida ("Clerk") a detailed statement of the proposed expenditures and
estimated revenues for the Fiscal Year, which shall be entitled "Annual Budget of the Miami
Downtown Development Authority: Fiscal Year October 1, 2020 through September 30, 2021".
Section 8. The Executive Director is directed to forward a copy of this Resolution
and the attachment(s) with the Mayor and Members of the City Commission, the City Manager,
the City's Director of Management and Budget, and the Clerk.
Section 9. This Resolution shall become effective immediately upon its adoption.
PASSED AND ADOPTED this loth day of July, 2020.
Commissioner Manolo Re es, Chairman
—i ��Christina Crespi, Executive Director
A TES
ivonne oc-ia..v-ega--------------__.
Secretary to the Board of the Dv