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HomeMy WebLinkAboutR-03-0780J-03-584 07/02/03 RESOLUTION NO. 3- 780 A RESOLUTION OF THE MIAMI CITY COMMISSION COMPUTING A PROPOSED MILLAGE RATE FOR THE CITY OF MIAMI, FLORIDA, FOR FISCAL YEAR BEGINNING OCTOBER 1, 2003 AND ENDING SEPTEMBER 30, 2004; DIRECTING THE CITY MANAGER TO SUBMIT SAID PROPOSED MILLAGE RATE TO THE MIAMI-DADE COUNTY PROPERTY APPRAISER AND THE TAX COLLECTOR TOGETHER WITH THE DATE, TIME AND PLACE OF THE PUBLIC HEARING AT WHICH THE CITY COMMISSION., WILL CONSIDER THE PROPOSED MILLAGE RATE AND THE CITY'S TENTATIVE BUDGET FOR SAID FISCAL YEAR. WHEREAS, Section 200.065, Florida Statutes (2003) ("Statute"), sets forth requirements for the "Truth in Millage" ("TRIM") notice and requires each taxing authority to establish a proposed millage rate; and WHEREAS, the Statute stipulates that said proposed millage rate be submitted to the Property Appraiser and the Tax Collector; and WHEREAS, said rate will reflect the levy necessary to fund the City's tentative budget other than the portion of the budget to be funded from sources other than ad valorem taxes; and CITY CQMISSION MEETING CF J U (, 1 7 2003 Resolution N.O. 03- 780 WHEREAS, the proposed millage rate submitted to the property Appraiser is not binding but is necessary for the purpose of preparation of tax 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 as if fully set forth in this Section. Section 2. A proposed millage rate for the City of Miami, Florida, for Fiscal Year beginning October 1, 2003 and ending September 30, 2004, is computed as follows: General Operating 8.850 Debt Service 1.218 Total Millage Rate 10.068 Section 3. The City Manager is directed to submit said proposed millage rate for the City of Miami to the Property Appraiser and to the Tax Collector together with the date, time and place at which the City Commission will hold a public hearing to consider the proposed millage rate and the City's tentative budget for said fiscal year as follows: September 11, 2003 at 5:05 P.M. and September 25, 2003 at 5:05 P.M. in the Commission Page 2 of 3 3 — 7 8 0 Chambers at City Hall, 3500 Pan American Drive, Dinner Key, Miami, Florida. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.!' PASSED AND ADOPTED this 17th day of July , 2003. ATTEST: 4R4ISCILLA A. -THOMPSON " CITY CLERK APPROVED AS TO FF1tM AND CORRECTNESS- LO ITIK AXTORNEY 44:tr:AS �i If the Mayor does not sign this Resolution, it shall become effective at the end of ten 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. Page 3 of 3 03- 780 TO FROM CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM kr and City Co ion Arriola Manager RECOMMENDATION DATE: June 6, 2003 SUBJECT: Computing a Proposed Millage Rate REFERENCES: ENCLOSURES: 16 FILE: It is respectfully recommended that the City Commission approve the attached resolution computing a proposed millage rate for the City of Miami in the Fiscal Year beginning October 1, 2003 and ending September 30, 2004, and instructing the City Manager to submit said proposed millage rate along with the date, time and place of the budget hearing to the Miami -Dade County Property Tax Appraiser and the Tax Collector. General Operating 8.850 Debt Service 1.218 Total Millage Rate 10.068 BACKGROUND According to the Sate of Florida's TRIM (Truth in Millage) law municipalities have to compute a proposed millage rate and submit said rate to the Property Appraiser and the Tax Collector together with the date, time and place of the public hearing at which the City Commission will consider said proposed millage rate and tentative budget for said fiscal year. JA%iXS/md 03- 780