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HomeMy WebLinkAboutPre-LegislationRESOLUTION NO. 028/2021 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, 2021 AND ENDING SEPTEMBER 30, 2022 AT 0.4681 MILLS. WHEREAS, Section 200.065(2)(a)l, Florida Statutes (2017) ("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 2021-2022 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, 2021 and ending September 30, 2022 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 25" day of June, 2021. Commissioner M• olo Reyes, Chairman Christina Crespi, Executive Director 6 nne de is Vesta Secretary to the Board of Di RESOLUTION NO. 033/2021 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA ("MIAMI DDA") APPROVING THE PRELIMINARY ANNUAL BUDGET OF THE MIAMI DDA FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2021 AND ENDING SEPTEMBER 30, 2022; 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 BEGINNING OCTOBER 1, 2021 AND ENDING SEPTEMBER 30, 2022 WITH THE CITY CLERK OF THE CITY OF MIAMI ("CLERK") AFTER ADOPTION AND ESTABLISHMENT OF THE MIILAGE BY THE MIAMI CITY COMMISSION; AND FURTHER PROVIDING THAT A COPY OF THIS RESOLUTION BE FILED WITH THE CLERK. WHEREAS, the Miami Downtown Development Authority of the City of Miami, Florida ("Miami DDA") has prepared a preliminary budget for the Fiscal Year beginning October 1, 2021 and ending September 30, 2022 ("Fiscal Year"); and WHEREAS, the Board of Directors of the Miami DDA has reviewed said budget on the Estimated Tax Roll provided by Miami -Dade County; and WHEREAS, the Board of Directors of the Miami DDA finds that the proposed budget is necessary in order to further the objectives of the 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 preliminary budget of the Miami Downtown Development Authority of the City of Miami, Florida ("Miami DDA"), as submitted by the Executive Director, is made part of this Resolution, is hereby approved, and shall be known as the "Annual Budget of the Miami Downtown Development Authority: Fiscal Year October 1, 2021 through September 30, 2022". Section 3. The following appropriations for the Fiscal Year beginning October 1, 2021 and ending September 30, 2022 are hereby made for the purpose of financing the operations and other legal and proper purposes of the Miami DDA: GENERAL F"D RewwSa�w 0}161 N6YRI pM 11000 5 l0.610.000 ........... )A36.06a tal/IAMnun t.RS1AnD 530.641 E110�0E0 Section 4. The Executive Director is directed to submit a copy of this preliminary budget as well as this Resolution to the Miami City Commission and to request the Miami City Commission to adopt said preliminary budget and establish the millage as authorized by law to support the financial requirements of this budget. Section 5. The Executive Director is authorized to expend funds, including new salary rates, as provided in said budget, after adoption and establishment of the millage by the Miami City Commission for the Fiscal Year beginning October 1, 2021. Section 6. The Executive Director is directed to prepare and file with the City Clerk of the City of Miami ("Clerk") a detailed statement of the proposed expenditures and estimated revenues for the Fiscal Year 2021-2022, which shall be titled "Annual Budget of the Miami Downtown Development Authority: Fiscal Year October 1, 2021 through September 30, 2022". Section 7. The Executive Director is directed to forward a copy of this Resolution and the attachments with the Clerk after adoption of the millage by the Miami City Commission. Section 8. This Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this 9th day of July, 2021. Commissioner Manolo Reyes, Chairman (PL- Christina Crespi, Executive Director ATTEST: Ivonne de la Vega Secretary to the Board of the Directors