HomeMy WebLinkAboutM-02-1233Second Reading Ordinance
TO: The Honorable Mayor and
Members of the City Commission
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FROM: City Manager
17
FEB 2 6 2002
DATE: FILE:
Ad Valorem Tax Exemption Ordinance
SUBJECT:
For Commission Meeting of
REFERENCES: March %h, 2002
ENCLOSURES:
Proposed Ordinance
RECOMMENDATION
It is respectfully recommended that the City Commission adopt the attached Ordinance
authorizing the City Commission to grant ad valorem tax exemptions to new and
expanding businesses located in the Enterprise Zone.
BACKGROUND
On November 6h, 2001 a special municipal election was held for the purpose of
submitting to the electorate a referendum ballot question, (ballot question No. 2), that
would authorize the City Commission of the City of Miami to grant ad valorem tax
exemption pursuant to Article VII, Section 3 of the Florida Constitution. As a result of
the city's voters approval of the referendum, it is now necessary authorize the City
Commission to grant such exemptions and the mechanism, terms, and procedures by
which exemptions may be granted.
CAG/DB/ARW/�
DENIED BY
02-1233