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HomeMy WebLinkAboutComposite Exhibit AComposite Exhibit A BUDGET SUMMARY The Downtown Development Authority of the City of Miami, Florida Fiscal Year 2020-2021 THE PROPOSED OPERATING BUDGET EXPENDITURES OF THE DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI ARE 6.7% LESS THAN LAST YEAR'S TOTAL OPERATING EXPENDITURES GENERALFUND Revenue Sources Ad Valorem Tax Levy 0.4681 Millage per $1000 $ 10,580,000 Reimbursements 1,015,000 Total Revenues $ 11,595,000 Operating Expenditures General Expenses $ 3,252,350 Leadership, Advocacy & Operations 881,000 Urbanism 5,136,000 Enterprise 1,367,650 Total Operating Expenditures 10,637,000 Fund Balances/Reserves 958,000 Total Expenditures, Reserves, and Balances $ 11,595,000 The tentative, adopted, and/or final budgets are on file in the office of the above referenced taxing authority as a public record. Downtown Development Authority of the City of Miami Budget Template FY 2020-21 Proposed Budget FY 2016-17 Actual FY 2017-18 Actual FY 2018-19 Actual FY 2019-20 Adopted FY 2019-20 Projection FY 2020-21 Proposed Difference Notes Number of Full -Time Positions 27 29 29 30 34 30 0 4 positions will not be hire. Are any positions funded in other budgets? Yes Yes Yes If so, how much is in this budget? $113,000 $113,000 $113,000 CRA Reimbursement = $48,000 PIO Reimbursement = $65,000 If so, how much is in the other budget? $113,000 $113,000 $113,000 CRA Reimbursement = $48,000 PIO Reimbursement = $65,000 Revenues Ad Valorem Taxes $7,274,524 $8,223,153 $9,120,000 $9,920,000 $9,126,400 $10,580,000 The TRIM Ad Budget Summary is advertised at 100% per TRIM requirements. The Miami DDA Board approved to budget based on 90% of preliminary collection on $10,580,000 (millage .4681). Any carryover will be included in the reserve. Grant monies $75,000 $58,398 $100,000 $365,000 $230,000 $250,000 CRA Reimbursement (Contract) Other $176,980 $99,643 $0 $0 $65,000 $765,000 $700k PitStop Expansion/$65k PIO Carryover Funds from Prior Years $0 $0 $0 $2,413,087 $2,413,087 $0 Carry over minus amount used Revenue Grand Total $7,526,504 $8,381,194 $9,220,000 $12,698,087 $9,421,400 $11,595,000 $0 Expenditures Regular Salary and Wages $2,082,346 $2,214,558 $2,344,016 $2,528,902 $2,792,000 $2,350,000 Pay Freeze (3% =$76k) / No Deputy Director ($150k), Research Coordinator ($72k), Planning professional ($72k) and IT Coordinator ($72) - Total $442k / Salaries are based on HRCC2019 analysis. (Between salaries and benefits = $611k saving) Fringe Benefits $2,000 $0 $2,000 $0 $0 $0 FICA Taxes $151,212 $161,675 $179,317 $188,283 $209,400 $176,250 7.5%/Savings related toPay and Hiring Freeze $33k Retirement Contributions $139,547 $147,727 $164,081 $172,285 $195,440 $164,500 7% / Savings related to Pay and Hiring Freeze $31k Life and Health Insurance $274,650 $307,875 $503,261 $545,682 $525,000 $470,000 Increase of 20% average / Savings related to Pay and Hiring Freeze $88k Workers' Compensation $9,677 $13,007 $18,000 $18,000 $17,680 $25,000 Increase in DETTeam. Professional Services - Legal $30,000 $32,500 $30,000 $30,000 $30,000 $60,000 Contract with the City of Miami (will increase for FY20-21) Professional Services $160,161 $20,500 $170,000 $80,000 $80,000 $80,000 IT Consultant Accounting and Auditing $22,000 $22,000 $25,500 $25,500 $22,000 $25,500 Annual Audit Other Contractual Services $75,106 $54,227 $132,000 $1,685,000 $0 $0 Please see detail below Ambassadors' Program $0 $0 $0 $0 $665,000 $980,000 Additional services CRA Team $0 $0 $0 $0 $230,000 $250,000 Contract -Reimbursement DET Team and Supplies $0 $0 $0 $0 I $475,000 I $586,000 I PPE Supplies and additional costs related to sanitation DET Truck $0 $0 $0 $0 $23,000 $01 1 Bought during FY19-20 NEAT Team $0 $0 $0 $0 $180,0001 $195,0001 1 PPE Supplies Information Centers 1 $0 $0 $0 $0 $50,0001 $50,000 Downtown Development Authority of the City of Miami Budget Template FY 2020-21 Proposed Budget FY 2016-17 Actual FY 2017-18 Actual FY 2018-19 Actual FY 2019-20 Adopted FY 2019-20 Projection FY 2020-21 Proposed Difference Notes Number of Full -Time Positions 27 29 29 30 34 30 0 4 positions will not be hire. Are any positions funded in other budgets? Yes Yes Yes If so, how much is in this budget? $113,000 $113,000 $113,000 CRA Reimbursement = $48,000 PIO Reimbursement = $65,000 If so, how much is in the other budget? $113,000 $113,000 $113,000 CRA Reimbursement = $48,000 PIO Reimbursement = $65,000 Program Management $0 $0 $0 $0 $10,000 $0 Sanitation Program $0 $0 $0 $0 $0 $300,000 Waiting on quotes Pit Stop Program $0 $0 $0 $0 $15,000 $1,075,000 Expansion Travel and Per Diem $54,500 $79,024 $55,000 $80,000 $25,000 $25,000 Communications and Related Services (Advertising) $152,941 $21,673 $197,200 $427,000 $292,295 $272,650 Communications and advertising related to COVIDI9. Website contracts and hosting. Postage $4,176 $2,777 $3,000 $3,000 $750 $3,000 utility $0 $27,013 $0 $40,000 $35,000 $40,000 Rentals and Leases $238,674 $274,108 $293,600 $300,500 $302,250 $327,500 Office and Storage rent / Increase per lease Repair and Maintenance Services $5,944 $2,178 $5,000 $5,000 $6,000 $6,000 Printing and Binding $15,835 $0 $20,000 $20,000 $20,000 $23,000 Advertising and Related Costs $143,434 $219,172 $177,000 $0 $0 $0 Office Supplies $13,425 $15,168 $12,000 $15,000 $22,000 $15,000 Subscriptions, Memberships, and Licenses $13,931 $17,949 $15,000 $25,000 $18,000 $25,000 Capital Projects and Purchases $668,261 $873,485 $1,770,000 $1,685,000 $766,200 $915,000 BayWalk/RiverWalk + Connections, Complete Streets, Flagler Street, Flagler Office and Public Realm Improvements All Other Expenditures $2,659,068 $2,996,620 $3,953,600 $3,527,200 $0 $0 Please see detail below Other Staff Benefits $0 $0 $0 $0 $105,480 $91,600 Cellphones, parking and passes. Consultants $0 $0 $0 $0 $230,436 $141,000 Expert, HR and Lobbyist Additional Operational Expenses $0 $0 $0 $0 $75,046 $60,800 Courier Services, Meetings, Required Ads & Filings, Office Equipment, Visitors Parking, Payroll and Retirement Fees Insurance Cost $0 $0 $0 $0 $22,257 $24,200 1 lincrease in DETTeam Professional Development $0 $0 $0 $0 $60,000 $25,000 Small Business Grants $0 $0 $0 $0 $50,000 $200,000 Targeted Programs & Activations $0 $0 $0 $0 $385,500 $285,000 Homelessness, Dog Park, Community events Sponsorships $0 $0 $0 $0 $345,000 $300,000 Grants and sponsorships Public Relations $0 $0 $0 $0 $165,000 $165,000 Contract Research and Strategy $0 $0 $0 $0 $65,000 $145,000 lResearch and marketing strategy Special Initiatives $0 $0 $0 $0 $625,000 $685,000 Economic Recovery, Educational Initiatives, Matching Incentives Permitting and Small Business Assistance $0 $0 $0 $0 $500 $75,000 Fund Balances/Reserves $0 $0 $0 $0 $0 $958,000 Expenditure Grand Total $6,916,8881 $7,503,237 $10,069,5751 $11,401,3521 $9,136,2351 $11,595,000 $0 Revenues Minus Expenditures 1 $609,6161 $877,957-$849,5751 $1,296,7351 $285,165 $0 $0 City of Miami 1 i.RR .I Legislation alldl 1l+ 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: i ria i "nd- e�z �Cit�y ttar ey 7/3112020 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 Reset Form Print Form DR-420 ki � CERTIFICATION OF TAXABLE VALUE R.5/12 Rule 12D-16.002 Florida Administrative Code FLORIDA Effective 11/12 Year: 2020 County: MIAMI-DADE Principal Authority: Downtown Dev. Authority of The City of Miami Taxing Authority: DADE CO DOWNTOWN DEV AUTH SECTION I : COMPLETED BY PROPERTY APPRAISER 1. Current year taxable value of real property for operating purposes $ 21,495,531,164 (1) 2. Current year taxable value of personal property for operating purposes $ 1,066,500,754 (2) 3. Current year taxable value of centrally assessed property for operating purposes $ 39,968,434 (3) 4. Current year gross taxable value for operating purposes (Line 1 plus Line2 plus Linea) $ 22,602,000,352 (4) 5. Current year net new taxable value (Add new construction, additions, rehabilitative improvements increasing assessed value by at least 100%, annexations, and tangible personal property value over 115% of the previous year's value. Subtract deletions.) $ 1,596,590,448 (5) 6. Current year adjusted taxable value (Line4 minus Line 5) $ 21,005,409,904 (6) 7. Prior year FINAL gross taxable value from prior year applicable Form DR-403 series $ 20,637,666,607 (7) 8 Does the taxing authority include tax increment financing areas? If yes, enter number of worksheets (DR-420TIF) attached. If none, enter 0 YES ❑✓ NO Number 0 (8) 9. Does the taxing authority levy a voted debt service millage or a millage voted for 2 years or less under s. 9(b), Article VII, State Constitution? If yes, enter the number of DR-420DEBT, Certification of Voted Debt Millage forms attached. If none, enter 0 YES ❑✓ NO Number 0 (9) Property Appraiser Certification I certify the taxable values above are correct to the best of my knowledge. SIGN HERE Signature of Property Appraiser: Electronically Certified by Property Appraiser Date: 7/1 /2020 3:23 PM SECTION II : COMPLETED BY TAXING AUTHORITY If this portion of the form is not completed in FULL your taxing authority will be denied TRIM certification and possibly lose its millage levy privilege for the tax year. If any line is not applicable, enter -0-. 10. Prior year operating millage levy (Ifprioryearmillage was adjusted then use adjusted millage from Form DR-422) 0.4681 per $1,000 (10) 11. Prior year ad valorem proceeds (Line7multiplied by Line 10, divided by 1,000) $ 9,660,492 01) 12 Amount, if any, paid or applied in prior year as a consequence of an obligation measured by a dedicated incrementvalue (Sum of either Lines 6c or Line 7a for all DR-420TIF forms) $ 0 (12) 13. Adjusted prior year ad valorem proceeds (Line 11 minus Line 12) $ 9,660,492 (13) 14. Dedicated increment value, if any (Sum of either Line 6b or Line 7e for all DR-420TIF forms) $ 0 (14) 15. Adjusted current year taxable value (Line6 minus Line 14) $ 21,005,409,904 (15) 16. Current year rolled -back rate (Line 13 divided by Line 15, multiplied by 1,000) 0.4599 per $1000 (16) 17. Current year proposed operating millage rate 0.4681 per $1000 (17) 18. Total taxes to be levied at proposed millage rate (Line 17multiplied by Line 4, divided by 1,000) $ 10,579,996 (18) Continued on page 2 D R-420 R. 5/12 Page 2 County Z Independent Special District TYPE of principal authority (check one) 19. (19) Municipality Water Management District Applicable taxing authority (check one) Z Principal Authority Dependent Special District 20. (20) MSTU Water Management District Basin 21. Is millage levied in more than one county? (check one) Yes 0 No (21) DEPENDENT SPECIAL DISTRICTS AND MSTUs STOP HERE - SIGN AND SUBMIT 22 Enter the total adjusted prior year ad valorem proceeds of the principal authority, all dependent special districts, and MSTUs levying a millage. (The sum of Line 13 from all DR-420 $ 9,660,492 (22) forms) 23• Current year aggregate rolled -back rate (Line22 divided by Line 15, multiplied by 1,000) 0.4599 per $1,000 (23) 24. Current year aggregate rolled -back taxes (Line 4 multiplied by Line23, divided by 1,000) $ 10,394,660 (24) Enter total of all operating ad valorem taxes proposed to be levied by the principal 25• taxing authority, all dependent districts, and MSTUs, if any. (Thesum of Line 18 from all $ 10,579,996 (25) DR-420 forms) 26 Current year proposed aggregate millage rate (Line 25 divided by Line4, multiplied 0.4681 per $1,000 (26) by 1,000) 27 Current year proposed rate as a percent change of rolled -back rate (Line 26 divided by % (27) Line23, minus 1, multiplied by 100) 1.78 First public Date: Time: Place: budget hearing g g City Hall, City Commission Chambers, 3500 Pan American 9/10/2020 5:05 PM EST Drive, Miami, Florida (305) 579-6675 I certify the millages and rates are correct to the best of my knowledge. Taxing Authority Certification The millages comply with the provisions of s. 200.065 and the provisions of either s. 200.071 or s. 200.081, F.S. Signature of Chief Administrative Officer: Date: G Electronically Certified by Taxing Authority 7/27/2020 5:24 PM N Title: Contact Name and Contact Title: IVONNE BERRIOS, SR MANAGER, ACCOUNTING AND H CHRISTINA CRESPI, EXECUTIVE DIRECTOR FINANCE E Mailing Address: Physical Address: R 200 S. BISCAYNE BLVD, STE 2929 200 S. BISCAYNE BLVD., SUITE 2929 E City, State, Zip: Phone Number: Fax Number: MIAMI, FL 33131 (305)579-6675 (305)371-2423 Instructions on page 3 CERTIFICATION OF TAXABLE VALUE INSTRUCTIONS D R-420 R. 5/12 Page 3 "Principal Authority" is a county, municipality, or independent special district (including water management districts). "Taxing Authority" is the entity levying the millage. This includes the principal authority, any special district dependent to the principal authority, any county municipal service taxing unit (MSTU), and water management district basins. Each taxing authority must submit to their property appraiser a DR-420 and the following forms, as applicable: DR-420TIF, Tax Increment Adjustment Worksheet DR-420DEBT, Certification of Voted Debt Millage DR-420MM-P, Maximum Millage Levy Calculation - Preliminary Disclosure Section I: Property Appraiser Use this DR-420 form for all taxing authorities except school districts. Complete Section I, Lines 1 through 9, for each county, municipality, independent special district, dependent special district, MSTU, and multicounty taxing authority. Enter only taxable values that apply to the taxing authority indicated. Use a separate form for the principal authority and each dependent district, MSTU and water management district basin. Line 8 Complete a DR-420TIF for each taxing authority making payments to a redevelopment trust fund under Section 163.387 (2)(a), Florida Statutes or by an ordinance, resolution or agreement to fund a project or to finance essential infrastructure Check "Yes" if the taxing authority makes payments to a redevelopment trust fund. Enter the number of DR-420TIF forms attached for the taxing authority on Line 8. Enter 0 if none. Line 9 Complete a DR-420DEBT for each taxing authority levying either a voted debt service millage (s.12, Article VII, State Constitution) or a levy voted for two years or less (s. 9(b), Article VI I, State Constitution). Check "Yes" if the taxing authority levies either a voted debt service millage or a levy voted for 2 years or less (s. 9(b), Article VII, State Constitution). These levies do not include levies approved by a voter referendum not required by the State Constitution. Complete and attach DR-420DEBT. Do not complete a separate DR-420 for these levies. Send a copy to each taxing authority and keep a copy. When the taxing authority returns the DR-420 and the accompanying forms, immediately send the original to: Florida Department of Revenue Property Tax Oversight - TRIM Section P.O. Box 3000 Tallahassee, Florida 32315-3000 Section II: Taxing Authority Complete Section II. Keep one copy, return the original and one copy to your property appraiser with the applicable DR-420TIF, DR-420DEBT, and DR-420MM-P within 35 days of certification. Send one copy to the tax collector. "Dependent special district" (ss. 200.001(8)(d) and 189.403(2), F.S.) means a special district that meets at least one of the following criteria: • The membership of its governing body is identical to that of the governing body of a single county or a single municipality. • All members of its governing body are appointed by the governing body of a single county or a single municipality. • During their unexpired terms, members of the special district's governing body are subject to removal at will by the governing body of a single county or a single municipality. • The district has a budget that requires approval through an affirmative vote or can be vetoed by the governing body of a single county or a single municipality. "Independent special district" (ss. 200.001(8)(e) and 189.403 (3), F.S.) means a special district that is not a dependent special district as defined above. A district that includes more than one county is an independent special district unless the district lies wholly within the boundaries of a single municipality. "Non -voted millage" is any millage not defined as a "voted millage" in s. 200.001(8)(0, F.S. Lines 12 and 14 Adjust the calculation of the rolled -back rate for tax increment values and payment amounts. See the instructions for DR-420TIF. On Lines 12 and 14, carry forward values from the DR-420TIF forms. Line 24 Include only those levies derived from millage rates. All TRIM forms for taxing authorities are available on our website at http://dor.myflorida.com/dor/property/trim ElvaReset Form Print Form MAXIMUM MILLAGE LEVY CALCULATION DR4R0MM 5/12 FINAL DISCLOSURE Rule 12D-16.002 Florida Administrative Code FLORIDA For municipal governments, counties, and special districts Effective 11/12 Year: 2020 County: MIAMI-DADE Principal Authority: Downtown Dev. Authority of The City of Miami Taxing Authority: DADE CO DOWNTOWN DEV AUTH 1 �ls your taxing authority a municipality or independent special district that has levied ad valorem taxes for less than 5 years? Yes No (1) IF YES, 0 STOP HERE. SIGN AND SUBMIT. You are not subject to a millage limitation. 2. Current year rolled -back rate from Current Year Form DR-420, Line 16 0.4599 per $1,000 (2) 3. Prior year maximum millage rate with a majority vote from 2018, Form DR-420MM, Line 13 0.4643 per $1,000 (3) 4. Prior year operating millage rate from Current Year Form DR-420, Line 10 0.4681 per $1,000 (4) If Line 4 is equal to or greater than Line 3, skip to Line 11. If less, continue to Line 5. Adjust rolled -back rate based on prior year majority -vote maximum millage rate 5. Prior year final gross taxable value from Current Year Form DR-420, Line 7 $ 0 (5) 6 Prior year maximum ad valorem proceeds with majority vote (Line 3 multiplied by Line 5 divided by 1,000) $ 0 (6) 7 Amount, if any, paid or applied in prior year as a consequence of an obligation measured by a dedicated increment value from Current Year Form DR-420 Line 12 $ 0 (7) 8. Adjusted prior year ad valorem proceeds with majority vote (Line 6 minus Line 7) $ 0 (8) 9. Adjusted current year taxable value from Current Year form DR-420 Line 15 $ 0 (9) 10. Adjusted current year rolled -back rate (Line 8 divided by Line 9, multiplied by 1,000) 0.0000 per $1,000 (10) Calculate maximum millage levy 11. Rolled -back rate to be used for maximum millage levy calculation (Enter Line 10 if adjusted or else enter Line 2) 0.4599 per $1,000 (11) 12. Adjustment for change in per capita Florida personal income (See Line 12 Instructions) 1.0322 (12) 13. Majority vote maximum millage rate allowed (Line 11 multiplied by Line 12) 0.4747 per $1,000 (13) 14. Two-thirds vote maximum millage rate allowed (Multiply Line 13 by 1.10) 0.5222 per $1,000 (14) 15. Current year adopted millage rate 0.0000 per $1,000 (15) 16. Minimum vote required to levy adopted millage: (Check one) (16) a. Majority vote of the governing body: Check here if Line 15 is less than or equal to Line 13. The maximum millage rate is equal to the majority vote maximum rate. Enter Line 13 on Line 17. ❑ b. Two-thirds vote of governing body: Check here if Line 15 is less than or equal to Line 14, but greater than Line 13. The maximum millage rate is equal to adopted rate. Enter Line 15 on Line 17. Unanimous vote of the governing body, or 3/4 vote if nine members or more: Check here if Line 15 is greater than Line 14. El The The maximum millage rate is equal to the adopted rate. Enter Line 15 on Line 17. ❑ d. Referendum: The maximum millage rate is equal to the adopted rate. Enter Line 15 on Line 17. 17. The selection on Line 16 allows a maximum millage rate of (Enter rate indicated by choice on Line 16). 0.4747 per $1,000 (17) 18. Current year gross taxable value from Current Year Form DR-420, Line 4 $ 22,602,000,352 (18) Continued on page 2 Taxing Authority: DR-420MM R. 5/12 Page 2 19. Current year adopted taxes (Line 15multiplied by Line 18, divided by 1,000). $ 0 (19) 20. Total taxes levied at the maximum millage rate (Line 17multiplied by Line 18, divided $ 10,729,170 (20) by 1,000). DEPENDENT SPECIAL DISTRICTS AND MSTUs I , STOP HERE. SIGN AND SUBMIT. 21 Enter the current year adopted taxes of all dependent special districts & MSTUs levying $ (21) a millage . (The sum of all Lines 19 from each district's Form DR-420MM) 0 22. Total current year adopted taxes (Line 19 plus Line 21). $ 0 (22) Total Maximum Taxes 23. Enter the taxes at the maximum millage of all dependent special districts & MSTUs $ 0 23) levying a millage (The sum of all Lines 20 from each district's Form DR-420MM). 24. Total taxes at maximum millage rate (Line 20 plus Line 23). $ 10,729,170 (24) Total Maximum Versus Total Taxes Levied 25 Are total current year adopted taxes on Line 22 equal to or less than total taxes at the YES ✓� NO (25) maximum millage rate on Line 24? (Check one) I certify the millages and rates are correct to the best of my knowledge. The millages Taxing Authority Certification comply with the provisions of s. 200.065 and the provisions of either s. 200.071 or s. 200.081, F.S. S Signature of Chief Administrative Officer: Date I G N Title: Contact Name and Contact Title: CHRISTINA CRESPI, EXECUTIVE DIRECTOR IVONNE BERRIOS, SR MANAGER, ACCOUNTING AND FINANCE H E Mailing Address: Physical Address: R 200 S. BISCAYNE BLVD, STE 2929 200 S. BISCAYNE BLVD., SUITE 2929 E City, State, Zip: Phone Number: Fax Number: MIAMI, FL 33131 (305)579-6675 (305)371-2423 Complete and submit this form to the Department of Revenue with the completed DR-487, Certification of Compliance, within 30 days of the final hearing. Instructions on page 3 MAXIMUM MILLAGE LEVY CALCULATION FINAL DISCLOSURE INSTRUCTIONS General Instructions Each of the following taxing authorities must complete a DR-420MM. • County • Municipality • Special district dependent to a county or municipality • County MSTU • Independent special district, including water management districts • Water management district basin Voting requirements for millages adopted by a two-thirds or a unanimous vote are based on the full membership of the governing body, not on the number of members present at the time of the vote. This form calculates the maximum tax levy for 2019 allowed under s. 200.065(5), F.S. Counties and municipalities, including dependent special districts and MSTUs, which adopt a tax levy at the final hearing higher than allowed under s. 200.065, F.S., may be subject to the loss of their half -cent sales tax distribution. DR-420MM shows the maximum millages and taxes levied based on your adoption vote. Each taxing authority must complete, sign, and submit this form to the Department of Revenue with their completed DR-487, Certification of Compliance, within 30 days of their final hearing. Taxing authorities must also submit DR-487V, Vote Record for Final Adoption of Millage Levy. This form certifies to the Department of Revenue the vote on the resolution or ordinance stating the millage rate adopted at the final hearing. Specific tax year references in this form are updated each year by the Department. Line Instructions Lines 5-10 DR-420MM R. 5/12 Page 3 Only taxing authorities that levied a 2018 millage rate less than their maximum majority vote rate must complete these lines. The adjusted rolled -back rate on Line 10 is the rate that would have been levied if the maximum vote rate for 2018 had been adopted. If these lines are completed, enter the adjusted rate on Line 11. Line 12 This line is entered by the Department of Revenue. The same adjustment factor is used statewide by all taxing authorities. It is based on the change in per capita Florida personal income (s. 200.001(8)(i), F.S.), which Florida Law requires the Office of Economic and Demographic Research to report each year. Lines 13 and 14 Millage rates are the maximum that could be levied with a majority or two-thirds vote of the full membership of the governing body. With a unanimous vote of the full membership (three -fourths vote of the full membership if the governing body has nine or more members) or a referendum, the maximum millage rate that can be levied is the taxing authority's statutory or constitutional cap. Line 16 Check the box for the minimum vote necessary at the final hearing to levy your adopted millage rate. Line 17 Enter the millage rate indicated by the box checked in Line 16. If the adopted millage rate is equal to or less than the majority vote maximum millage rate, enter the majority vote maximum. If a two-thirds vote, a unanimous vote, or a referendum is required, enter the adopted millage rate. For a millage requiring more than a majority vote, the adopted millage rate must be entered on Line 17, rather than the maximum rate, so that the comparisons on Lines 21 through 25 are accurate. All TRIM forms for taxing authorities are available on our website at http://floridarevenue.com/property/Pages/Forms.aspx Reset Form Print Form DR-420MM-P MAXIMUM MILLAGE LEVY CALCULATION R.5/12 PRELIMINARY DISCLOSURE Rule12D 16.002 Code � Florida Administrative Code FLORIDA For municipal governments, counties, and special districts Effective 11/12 Year: 2020 County: MIAMI-DADE Principal Authority: Downtown Dev. Authority of The City of Miami Taxing Authority: DADE CO DOWNTOWN DEV AUTH 1 �ls your taxing authority a municipality or independent special district that has levied ad valorem taxes for less than 5 years? Yes ✓❑ No (1) IF YES, a STOP HERE. SIGN AND SUBMIT. You are not subject to a millage limitation. 2. Current year rolled -back rate from Current Year Form DR-420, Line 16 0.4599 per $1,000 (2) 3. Prior year maximum millage rate with a majority vote from 2019 Form DR-420MM, Line 13 0.4643 per $1,000 (3) 4. Prior year operating millage rate from Current Year Form DR-420, Line 10 0.4681 per $1,000 (4) If Line 4 is equal to or greater than Line 3, skip to Line 11. If less, continue to Line 5. Adjust rolled -back rate based on prior year majority -vote maximum millage rate 5. Prior year final gross taxable value from Current Year Form DR-420, Line 7 $ 0 (5) 6 Prior year maximum ad valorem proceeds with majority vote (Line 3 multiplied by Line 5 divided by 1,000) $ 0 (6) 7 Amount, if any, paid or applied in prior year as a consequence of an obligation measured by a dedicated increment value from Current Year Form DR-420 Line 12 $ 0 (7) 8. Adjusted prior year ad valorem proceeds with majority vote (Line 6 minus Line 7) $ 0 (8) 9. Adjusted current year taxable value from Current Year form DR-420 Line 15 $ 0 (9) 10. Adjusted current year rolled -back rate (Line 8 divided by Line 9, multiplied by 1,000) 0.0000 per $1,000 (10) Calculate maximum millage levy 11. Rolled -back rate to be used for maximum millage levy calculation (Enter Line 10 if adjusted or else enter Line 2) 0.4599 per $1,000 (11) 12. Adjustment for change in per capita Florida personal income (See Line 12 Instructions) 1.0322 (12) 13. Majority vote maximum millage rate allowed (Line 11 multiplied by Line 12) 0.4747 per $1,000 (13) 14. Two-thirds vote maximum millage rate allowed (Multiply Line 13 by 1.10) 0.5222 per $1,000 (14) 15. Current year proposed millage rate 0.4681 per $1,000 (15) 16. Minimum vote required to levy proposed millage: (Check one) (16) a. Majority vote of the governing body: Check here if Line 15 is less than or equal to Line 13. The maximum millage rate is equal to the majority vote maximum rate. Enter Line 13 on Line 17. ❑ b. Two-thirds vote of governing body: Check here if Line 15 is less than or equal to Line 14, but greater than Line 13. The maximum millage rate is equal to proposed rate. Enter Line 15 on Line 17. c. Unanimous vote of the governing body, or 3/4 vote if nine members or more: Check here if Line 15 is greater than Line 14. El The maximum millage rate is equal to the proposed rate. Enter Line 15 on Line 17. ❑ d. Referendum: The maximum millage rate is equal to the proposed rate. Enter Line 15 on Line 17. 17. The selection on Line 16 allows a maximum millage rate of (Enter rate indicated by choice on Line 16) 0.4747 per $1,000 (17) 18. Current year gross taxable value from Current Year Form DR-420, Line 4 $ 22,602,000,352 (18) Continued on page 2 Taxing Authority: DR-420MM-P DADE CO DOWNTOWN DEV AUTH R. 5/12 Page 2 19. Current year proposed taxes (Line 15multiplied by Line 18, divided by 1,000) $ 10,579,996 (19) 20. Total taxes levied at the maximum millage rate (Line 17multiplied by Line 18, divided $ 10,729,170 (20) by 1,000) DEPENDENT SPECIAL DISTRICTS AND MSTUs I , STOP HERE. SIGN AND SUBMIT. 21 Enter the current year proposed taxes of all dependent special districts & MSTUs levying $ (21) a millage . (The sum of all Lines 19 from each district's Form DR-420MM-P) 0 22. Total current year proposed taxes (Line 19 plus Line 21) $ 10,579,996 (22) Total Maximum Taxes 23. Enter the taxes at the maximum millage of all dependent special districts & MSTUs $ 0 23) levying a millage (The sum of all Lines 20 from each district's Form DR-420MM-P) 24. Total taxes at maximum millage rate (Line 20 plus Line 23) $ 10,729,170 (24) Total Maximum Versus Total Taxes Levied 25 Are total current year proposed taxes on Line 22 equal to or less than total taxes at the Z YES NO (25) maximum millage rate on Line 24? (Check one) I certify the millages and rates are correct to the best of my knowledge. The millages Taxing Authority Certification comply with the provisions of s. 200.065 and the provisions of either s. 200.071 or s. S 200.081, F.S. Signature of Chief Administrative Officer: Date: G N Electronically Certified by Taxing Authority 7/27/2020 5:24 PM Title: Contact Name and Contact Title: H CHRISTINA CRESPI, EXECUTIVE DIRECTOR IVONNE BERRIOS, SR MANAGER, ACCOUNTING AND FINANCE E R Mailing Address: Physical Address: E 200 S. BISCAYNE BLVD, STE 2929 200 S. BISCAYNE BLVD., SUITE 2929 City, State, Zip: Phone Number: Fax Number: MIAMI, FL 33131 (305)579-6675 (305)371-2423 Complete and submit this form DR-420MM-P, Maximum Millage Levy Calculation -Preliminary Disclosure, to your property appraiser with the form DR-420, Certification of Taxable Value. Instructions on page 3 MAXIMUM MILLAGE LEVY CALCULATION PRELIMINARY DISCLOSURE INSTRUCTIONS General Instructions Each of the following taxing authorities must complete a DR-420MM-P. • County • Municipality • Special district dependent to a county or municipality • County MSTU • Independent special district, including water management districts • Water management district basin Voting requirements for millages adopted by a two-thirds or a unanimous vote are based on the full membership of the governing body, not on the number of members present at the time of the vote. This form calculates the maximum tax levy for 2020 allowed under s. 200.065(5), F.S. Counties and municipalities, including dependent special districts and MSTUs, which adopt a tax levy at the final hearing higher than allowed under s. 200.065, F.S., may be subject to the loss of their half -cent sales tax distribution. DR-420MM-P shows the preliminary maximum millages and taxes levied based on your proposed adoption vote. Each taxing authority must complete, sign, and submit this form to their property appraiser with their completed DR-420, Certification of Taxable Value. The vote at the final hearing and the resulting maximum may change. After the final hearing, each taxing authority will file a final Form DR-420MM, Maximum Millage Levy Calculation Final Disclosure, with Form DR-487, Certification of Compliance, with the Department of Revenue Specific tax year references in this form are updated each year by the Department. Line Instructions Lines 5-10 DR-420MM-P R. 5/12 Page 3 Only taxing authorities that levied a 2019 millage rate less than their maximum majority vote rate must complete these lines. The adjusted rolled -back rate on Line 10 is the rate that would have been levied if the maximum vote rate for 2019 had been adopted. If these lines are completed, enter the adjusted rate on Line 11. Line 12 This line is entered by the Department of Revenue. The same adjustment factor is used statewide by all taxing authorities. It is based on the change in per capita Florida personal income (s. 200.001(8)(i), F.S.), which Florida Law requires the Office of Economic and Demographic Research to report each year. Lines 13 and 14 Millage rates are the maximum that could be levied with a majority or two-thirds vote of the full membership of the governing body. With a unanimous vote of the full membership (three -fourths vote of the full membership if the governing body has nine or more members) or a referendum, the maximum millage rate that can be levied is the taxing authority's statutory or constitutional cap. Line 16 Check the box for the minimum vote necessary at the final hearing to levy your adopted millage rate. Line 17 Enter the millage rate indicated by the box checked in Line 16. If the proposed millage rate is equal to or less than the majority vote maximum millage rate, enter the majority vote maximum. If a two-thirds vote, a unanimous vote, or a referendum is required, enter the proposed millage rate. For a millage requiring more than a majority vote, the proposed millage rate must be entered on Line 17, rather than the maximum rate, so that the comparisons on Lines 21 through 25 are accurate. All TRIM forms for taxing authorities are available on our website at http://floridarevenue.com/property/Pages/Forms.aspx Reset For Print Form CERTIFICATION OF FINAL TAXABLE VALUE FLORIDA DR-422 R. 5/13 Rule 12D-16.002 Florida Administrative Code Effective 5/13 Provisional Year: 2020 1 County: MIAMI-DADE Is VAB still in session? Yes No Principal Authority : Check Downtown Dev. Authority of The City of Miami type : ❑ School District County Municipality ZIndependent Special District Water Management District Taxing Authority: Check DADE CO DOWNTOWN DEV AUTH type : Z Principal Authority MSTU ❑ Dependent Special District ❑ Water Management District Basin SECTION 1 : COMPLETED BY PROPERTY APPRAISER 1. Current year gross taxable value from Line 4, Form DR-420 $ 22,602,000,352 (1) 2. Final current year gross taxable value from Form DR-403 Series $ 0 (2) 3. Percentage of change in taxable value (Line 2 divided by Line 1, minus 1, multiplied by 100) -100.00 % (3) The taxing authority must complete this form and return it to the property appraiser by time date Property Appraiser Certification I certify the taxable values above are correct to the best of my knowledge. SIGN HERE Signature of Property Appraiser: Date: SECTION II : COMPLETED BY TAXING AUTHORITY MILLAGE RATE ADOPTED BY RESOLUTION OR ORDINANCE AT FINAL BUDGET HEARING UNDER s. 200.065(2)(d), F.S. If this portion of the form is not completed in full your taxing authority will be denied TRIM certification and possibly lose its millage levy privilege for the tax year. If any line is inapplicable, enter N/A or -0-. Non -Voted Operating Millage Rate (from resolution or ordinance) 4a. County or municipal principal taxing authority 0.0000 per $1,000 (4a) 4b. Dependent special district 0.0000 per $1,000 (4b) 4c. Municipal service taxing unit (MSTU) 0.0000 per $1,000 (4c) 4d. Independent Special District 0.0000 per $1,000 (4d) 4e. School district Required Local Effort 0.0000 per $1,000 (4e) Capital Outlay 0.0000 per $1,000 Discretionary Operating 0.0000 per $1,000 Discretionary Capital Improvement 0.0000 per $1,000 0.0000 Additional Voted Millage 0.0000 per $1,000 4f. Water management district District Levy 0.0000 per $1,000 (4f) Basin 0.0000 per $1,000 Are you going to adjust adopted millage ? ❑ YES ❑ NO If No, STOP HERE, Sign and Submit. Continued on page 2 Taxing Authority: DR-422 R. 5/13 Page 2 COUNTIES, MUNICIPALITIES, SCHOOLS, and WATER MANAGEMENT DISTRICTS may adjust the non -voted millage rate only if the percentage on Line 3 is greater than plus or minus 1%. (s. 200.065(6), F.S) 5 Unadjusted gross ad valorem proceeds $ 5) (Line 1 multiplied by Line4a, 4e, or4fas applicable, divided by 1,000) 0 6 Adjusted millage rate (Only if Line 3 is greater than plus or minus 1 %) per $1000 (6) (Line 5 divided by Line 2 multiplied by 1,000) 0.0000 MSTUs, DEPENDENT SPECIAL DISTRICTS, and INDEPENDENT SPECIAL DISTRICTS may adjust the non -voted millage rate only if the percentage on Line 3 is greater than plus or minus 3% (s. 200.065(6), F.S.) 7 Unadjusted gross ad valorem proceeds $ 7) (Line 1 multiplied by Line4b, 4c, or4d as applicable, divided by 1,000) 0 8 Adjusted Millage rate (Only if Line 3 is greater than plus or minus 3%) per $1000 (8) (Line7divided byLine2, multiplied by 1,000) 0.0000 I certify the millages and rates are correct to the best of my knowledge. The millages Taxing Authority Certification comply with the provisions of s. 200.065 and the provisions of either s. 200.071 or s. S 200.081, F.S. / Signature of Chief Administrative Officer: Date: G N Title: Contact Name and Contact Title: CHRISTINA CRESPI, EXECUTIVE DIRECTOR IVONNE BERRIOS, SR MANAGER, ACCOUNTING AND FINANCE H E Mailing Address: Physical Address: 200 S. BISCAYNE BLVD, STE 2929 200 S. BISCAYNE BLVD., SUITE 2929 R E City, State, Zip: Phone Number: Fax Number: MIAMI, FL 33131 (305)579-6675 (305)371-2423 INSTRUCTIONS SECTION I: Property Appraiser 1. Initiate a separate DR-422 form for each DR-420, Certification of Taxable Value, and DR-420S, Certification of School Taxable Value, submitted. 2. Complete Section 1 and sign. 3. Send the original to the taxing authority and keep a copy. SECTION II: Taxing Authority 1. Complete Section II and sign. 2. Return the original to the property appraiser. 3. Keep a copy for your records. 4. Send a copy to the tax collector. 5. Send a copy with the DR-487, Certification of Compliance, to the Department of Revenue at the address below. Send separately if the DR-487 was previously sent to the Department. Florida Department of Revenue Property Tax Oversight - TRIM Section P. O. Box 3000 Tallahassee, Florida 32315 - 3000 All taxing authorities must complete Line 4, millages adopted by resolution/ordinance at final budget hearing. Counties, municipalities, schools, and water management districts may complete Line 5 and Line 6 only when Line 3 is greater than plus or minus 1%. (s. 200.065(6), F.S.) MSTUs, dependent special districts, and independent special districts may adjust the non -voted millage rate only when Line 3 is greater than plus or minus 3%. (s. 200.065(6), F.S.) Adjusted millage rate must comply with statutes. The adjusted millage rate entered on Line 6 or Line 8 cannot exceed the rate allowed by other provisions of law or the state constitution. Multi -county and water management districts must complete a separate DR-422 for each county. All TRIM forms for taxing authorities are available on our website at http://dor.myflorida.com/dor/property/trim Reset For Print Form CERTIFICATION OF FINAL TAXABLE VALUE FLORIDA DR-422 R. 5/13 Rule 12D-16.002 Florida Administrative Code Effective 5/13 Provisional Year: 2020 1 County: MIAMI-DADE Is VAB still in session? Yes No Principal Authority : Check Downtown Dev. Authority of The City of Miami type : ❑ School District County Municipality ZIndependent Special District Water Management District Taxing Authority: Check DADE CO DOWNTOWN DEV AUTH type : Z Principal Authority MSTU ❑ Dependent Special District ❑ Water Management District Basin SECTION 1 : COMPLETED BY PROPERTY APPRAISER 1. Current year gross taxable value from Line 4, Form DR-420 $ 22,602,000,352 (1) 2. Final current year gross taxable value from Form DR-403 Series $ 0 (2) 3. Percentage of change in taxable value (Line 2 divided by Line 1, minus 1, multiplied by 100) -100.00 % (3) The taxing authority must complete this form and return it to the property appraiser by time date Property Appraiser Certification I certify the taxable values above are correct to the best of my knowledge. SIGN HERE Signature of Property Appraiser: Date: SECTION II : COMPLETED BY TAXING AUTHORITY MILLAGE RATE ADOPTED BY RESOLUTION OR ORDINANCE AT FINAL BUDGET HEARING UNDER s. 200.065(2)(d), F.S. If this portion of the form is not completed in full your taxing authority will be denied TRIM certification and possibly lose its millage levy privilege for the tax year. If any line is inapplicable, enter N/A or -0-. Non -Voted Operating Millage Rate (from resolution or ordinance) 4a. County or municipal principal taxing authority 0.0000 per $1,000 (4a) 4b. Dependent special district 0.0000 per $1,000 (4b) 4c. Municipal service taxing unit (MSTU) 0.0000 per $1,000 (4c) 4d. Independent Special District 0.0000 per $1,000 (4d) 4e. School district Required Local Effort 0.0000 per $1,000 (4e) Capital Outlay 0.0000 per $1,000 Discretionary Operating 0.0000 per $1,000 Discretionary Capital Improvement 0.0000 per $1,000 0.0000 Additional Voted Millage 0.0000 per $1,000 4f. Water management district District Levy 0.0000 per $1,000 (4f) Basin 0.0000 per $1,000 Are you going to adjust adopted millage ? ❑ YES ❑ NO If No, STOP HERE, Sign and Submit. Continued on page 2 Taxing Authority: DR-422 R. 5/13 Page 2 COUNTIES, MUNICIPALITIES, SCHOOLS, and WATER MANAGEMENT DISTRICTS may adjust the non -voted millage rate only if the percentage on Line 3 is greater than plus or minus 1%. (s. 200.065(6), F.S) 5 Unadjusted gross ad valorem proceeds $ 5) (Line 1 multiplied by Line4a, 4e, or4fas applicable, divided by 1,000) 0 6 Adjusted millage rate (Only if Line 3 is greater than plus or minus 1 %) per $1000 (6) (Line 5 divided by Line 2 multiplied by 1,000) 0.0000 MSTUs, DEPENDENT SPECIAL DISTRICTS, and INDEPENDENT SPECIAL DISTRICTS may adjust the non -voted millage rate only if the percentage on Line 3 is greater than plus or minus 3% (s. 200.065(6), F.S.) 7 Unadjusted gross ad valorem proceeds $ 7) (Line 1 multiplied by Line4b, 4c, or4d as applicable, divided by 1,000) 0 8 Adjusted Millage rate (Only if Line 3 is greater than plus or minus 3%) per $1000 (8) (Line7divided byLine2, multiplied by 1,000) 0.0000 I certify the millages and rates are correct to the best of my knowledge. The millages Taxing Authority Certification comply with the provisions of s. 200.065 and the provisions of either s. 200.071 or s. S 200.081, F.S. / Signature of Chief Administrative Officer: Date: G N Title: Contact Name and Contact Title: CHRISTINA CRESPI, EXECUTIVE DIRECTOR IVONNE BERRIOS, SR MANAGER, ACCOUNTING AND FINANCE H E Mailing Address: Physical Address: 200 S. BISCAYNE BLVD, STE 2929 200 S. BISCAYNE BLVD., SUITE 2929 R E City, State, Zip: Phone Number: Fax Number: MIAMI, FL 33131 (305)579-6675 (305)371-2423 INSTRUCTIONS SECTION I: Property Appraiser 1. Initiate a separate DR-422 form for each DR-420, Certification of Taxable Value, and DR-420S, Certification of School Taxable Value, submitted. 2. Complete Section 1 and sign. 3. Send the original to the taxing authority and keep a copy. SECTION II: Taxing Authority 1. Complete Section II and sign. 2. Return the original to the property appraiser. 3. Keep a copy for your records. 4. Send a copy to the tax collector. 5. Send a copy with the DR-487, Certification of Compliance, to the Department of Revenue at the address below. Send separately if the DR-487 was previously sent to the Department. Florida Department of Revenue Property Tax Oversight - TRIM Section P. O. Box 3000 Tallahassee, Florida 32315 - 3000 All taxing authorities must complete Line 4, millages adopted by resolution/ordinance at final budget hearing. Counties, municipalities, schools, and water management districts may complete Line 5 and Line 6 only when Line 3 is greater than plus or minus 1%. (s. 200.065(6), F.S.) MSTUs, dependent special districts, and independent special districts may adjust the non -voted millage rate only when Line 3 is greater than plus or minus 3%. (s. 200.065(6), F.S.) Adjusted millage rate must comply with statutes. The adjusted millage rate entered on Line 6 or Line 8 cannot exceed the rate allowed by other provisions of law or the state constitution. Multi -county and water management districts must complete a separate DR-422 for each county. All TRIM forms for taxing authorities are available on our website at http://dor.myflorida.com/dor/property/trim TO: All Property Appraisers, Tax Collectors, and Taxing Authorities FROM: Florida Department of Revenue Property Tax Oversight Program DATE: August 7, 2020 SUBJECT: Impact of COVID-19 on the TRIM Process — Public Participation in TRIM Hearings COVID-19 has brought many challenges to all levels of government. The Department of Revenue understands that holding TRIM hearings is difficult in this environment. In response to questions regarding TRIM hearings, we are providing additional guidance. As we discussed in the July 31, 2020, Frequently Asked Questions document, the purpose of the hearings is to allow the public to express comments regarding any ad valorem proposed increases. This is perhaps the hardest part of holding virtual hearings. Section 200.065(2)(e)1, Florida Statutes, states (in pertinent part): During such discussion, the governing body shall hear comments regarding the proposed increase and explain the reasons for the proposed increase over the rolled -back rate. The general public shall be allowed to speak and to ask questions prior to adoption of any measures by the governing body. Public notification is made through the TRIM notice and through newspaper advertisements. These notices must include all pertinent information to allow the public to join the hearing, including website addresses, meeting numbers and passwords. Each taxing authority should list this information on their website as well. If the tentative or final virtual hearing system fails, the taxing authority should recess the hearing so the hearing may be continued (see s. 200.065(2)(e)2., F.S.). The taxing authority will publish a Notice of Continuation in a newspaper of general paid circulation in the county. The taxing authority should also update their website to include the details of the continued hearing. The Notice of Continuation will be published two to five days before the taxing authority continues the hearing, and the notice will state the date, time and place for the continuation of the hearing. The taxing authority should include the entire page of the newspaper and proof of publication for all TRIM advertisements in the TRIM package. For more information on continuing a hearing, the 2020 TRIM Compliance Workbook - Regular Taxing Authorities and 2020 TRIM Compliance Workbook - School Districts are on the Department's website for your reference. An example of the Notice of Continuation follows NOTICE OF CONTINUATION The Tentative/Final Budget Hearing held on (Date of Hearing) For the (Name of Taxing Authority) was recessed and will be continued on (DATE) (TIME) At This hearing may be attended through electronic media by following the instructions at the following link: (insert web link) While holding hearings during the pandemic is difficult, if a taxing authority is found to have not given the public reasonable access and opportunity to participate in a hearing, the taxing authority may be subject to the following consequences: - The taxing authority must re -advertise and re -hold the TRIM hearing. - The Department of Revenue will direct the tax collector to withhold any funds over the rolled -back rate until the Department determines the taxing authority is in compliance. - The Department will withhold state revenue sharing until the Department determines the taxing authority is in compliance. Considering the information above, taxing authorities should ensure that they are following the steps below: - The public must be allowed to ask questions and make comments during the hearing. - When choosing the method of providing a virtual hearing, the taxing authority should ensure the bandwidth is large enough to handle the expected large number of participants. - The taxing authority's website must contain all the necessary information to allow access to a virtual hearing, including all instructions and any required passcodes or meeting identification numbers to ensure there are no barriers to participation. - The links to the virtual hearing must be tested and found to be correct and working. - All advertisements and instructions must list the taxing authority's phone number so taxpayers who experience technical issues in accessing the hearing can have assistance in resolving those issues. If you have any questions regarding this matter, please consult with your county attorney or contact the Department at TRIM(a)floridarevenue.com. 2 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 M-- Christina Crespi, Executive Director ATTE rmfh-e de la Vega Secretary to the Board ofDirectors 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 11,585,000 Use of Funds General Expenses 3.252,350 Leadership, Advocacy and Opervtions 881.000 urbanism 5,136,000 Enterprise 1,367,650 Setdotal 10,637.000 Fund Balances and Reserves 956,Goo Total UsL: 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 0"c�,__ - Christina Crespi, Executive Director Secretary to the Board of the