HomeMy WebLinkAboutItem #56A - First Reading OrdinanceJ-02-192
9/11/02
ORDINANCE NO.
AN ORDINANCE OF THE MIAMI CITY COMMISSION,
WITH ATTACHMENT, RELATED TO TAXATION,
DEFINING AND DESIGNATING THE TERRITORIAL
LIMITS OF THE DOWNTOWN DEVELOPMENT DISTRICT
OF THE CITY OF MIAMI, FLORIDA; FIXING THE
MILLAGE AND LEVYING TAXES IN SAID DOWNTOWN
DEVELOPMENT DISTRICT FOR FISCAL YEAR
BEGINNING OCTOBER 1, 2002 AND ENDING
SEPTEMBER 30, 2003, AT FIVE -TENTHS (.5)
MILLS ON THE DOLLAR OF NONEXEMPT ASSESSED
VALUE OF ALL REAL AND PERSONAL PROPERTY IN
THE DISTRICT; PROVIDING THE MILLAGE AND THE
LEVYING OF TAXES WITHIN THE TERRITORIAL
LIMITS OF THE CITY OF MIAMI AS REFLECTED IN
THE CITY'S MILLAGE LEVY ORDINANCE FOR THE
AFORESAID FISCAL YEAR WHICH IS REQUIRED BY
CITY CHARTER SECTION 27; PROVIDING THAT THE
FIXING OF THE MILLAGE AND THE LEVYING OF
TAXES HEREIN SHALL BE IN ADDITION TO SPECIAL
ASSESSMENTS; PROVIDING THAT THIS ORDINANCE
SHALL NOT BE DEEMED AS REPEALING OR AMENDING
ANY OTHER ORDINANCE FIXING MILLAGE OR
LEVYING TAXES, BUT SHALL BE DEEMED
SUPPLEMENTAL AND IN ADDITION; CONTAINING A
REPEALER PROVISION, A SEVERABILITY CLAUSE
AND PROVIDING FOR AN IMMEDIATE E�FECTIVE
DATE.
WHEREAS, the T Assessor of Miami -Dade Cdunty,
Florida, a
political subdivision f �tto of F ida, has determined
the n mpt aggre te\
ion of tc*able property, real and
PUBLIC HEARING ITEM
DISCUSSION OF PROPOSED MILLAGE RATE AND TENTATIVE BUDGET
FOR THE DOWNTOWN DEVELOPMENT AUTHORITY
PERCENTAGE INCREASE IN MILLAGE OVER ROLLED BACK RATE.
RESPONSE: ELEVEN AND 16/100 PERCENT (11.16%)
SPECIFIC PURPOSE FOR WHICH AD VALOREM TAX REVENUES ARE
BEING INCREASED.
RESPONSE:
PURPOSE: DOWNTOWN ECONOMIC DEVELOPMENT PROGRAMS
COST %
$ 374,268.00 100
CITY COMMISSION LISTENS AND RESPONDS TO CITIZENS COMMENTS
REGARDING THE PROPOSED MILLAGE INCREASE AND EXPLAINS THE
REASONS FOR THE INCREASE OVER THE ROLLED BACK RATE.
ACTIONS BY THE CITY COMMISSION:
1 AMEND THE ADOPTED TENTATIVE BUDGET, IF
NECESSARY
2. RECOMPUTE THE PROPOSED MILLAGE RATE, IF
NECESSARY
3. PUBLICLY ANNOUNCE THE PERCENT BY WHICH THE
RECOMPUTED PROPOSED MILLAGE RATE EXCEEDS THE ROLLED
BACK RATE.
4. ADOPT THE TENTATIVE MILLAGE RATE
5. ADOPT THE AMENDED TENTATIVE BUDGET
Reviewed and approved
Alonso Menendez
DDA Interim Execu a Director