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HomeMy WebLinkAboutO-12127J-01-831 9/13/01 ORDINANCE NO. 2 " AN. ORDINANCE OF THE MIAMI CITY COMMISSION DEFINING AND DESIGNATING THE TERRITORIAL LIMITS FOR THE CITY OF MIAMI FOR THE PURPOSE OF TAXATION; FIXING THE MILLAGE AND LEVYING TAXES IN THE CITY OF MIAMI, FLORIDA, FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2001 AND ENDING SEPTEMBER 30, 2002; CONTAINING A SEVERABILITY CLAUSE, AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Miami -Dade County Property Appraiser estimates that the non-exempt valuation of taxable property, both real and personal in the City of Miami, Florida, for the fiscal year beginning October 1, 2001 and ending September 30, 2002, is $15,346,094,629; and WHEREAS, at an election held September 2, 1915, the City of Miami did annex certain territory unincorporated at the time of such election and did annex certain other territory incorporated at the time of such election; and WHEREAS, from time to time other territory has been included in the corporate limits for the City of Miami by legislative acts; 12 121 7 NOW, THEREFORE, BE IT ORDAINED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Ordinance are adopted by reference and incorporated as if fully set forth in this Section. Section 2. For the purpose of this Ordinance, the "City of Miami" is defined to be, includes and designates the City of Miami as it now exists with its extended territorial limits, as set forth in the paragraphs prefatory hereto. Section 3. There shall be and are levied upon the non-exempt assessed value of all property, both real and personal, in the City of Miami as described in Section 2 hereof, taxes at the rate reflected below for the fiscal year beginning October 1, 2001 and ending September 30, 2002, for the following purposes: (a) A tax of 8.9950 mills on the dollar for the General Operating Budget. (b) A tax of 1.2180 mills on the dollar to provide for the payment of maturing principal and interest, and charges and requirements related thereto of indebtedness incurred subsequent to the adoption of the Homestead Exemption Amendment to the Constitution of the State of Florida, and subject to the terms thereof. Section 4. This proposed millage rate herein adopted lower than the "rolled back" rate by 8.490. Section 5. The total of all ad valorem taxes proposed by the City Commission to be levied are less than the current year aggregate rolled back taxes by $10,805,185. Page 2 of 3 12127 Section 6. If any section, part of this section, paragraph, clause, phrase or word of this Ordinance is declared invalid, the remaining provisions of this Ordinance shall not be affected. Section 7. This Ordinance shall become effective thirty (30) days after final reading and adoption thereof.V PASSED ON FIRST READING BY TITLE ONLY this 13th day of September , 2001. PASSED AND ADOPTED ON SECOND AND FINAL READING this 25th day of September , 2001. ATTEST: t.WALTER J. FOEMAN CITY CLERK APPROVED ,/'F0 AND CORRECTNESS :t/ "7 RO VI�RELLO IT ATTORNEY 1143:LB 1� This Ordinance shall become effective as specified herein unless vetoed by the Mayor within ten days from the date it was passed and adopted. If the Mayor vetoes this Ordinance, it shall become effective immediately upon override of the veto by the City Commission or upon the effective date stated herein, whichever is later. Page 3 of 3 12127