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HomeMy WebLinkAboutR-99-0551J-99-652 7/21/99 RESOLUTION NO. 9 _ 551 A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE DOWNTOWN DEVELOPMENT AUTHORITY ("DDA") TO ESTABLISH A PROPOSED MILLAGE RATE OF ONE-HALF (1/2) MILL FOR THE DOWNTOWN DEVELOPMENT DISTRICT OF THE CITY OF MIAMI, FLORIDA, FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 1999 AND ENDING SEPTEMBER 30, 2000; AND AUTHORIZING AND DIRECTING COMMUNICATION OF SAID PROPOSED MILLAGE RATE TO THE MIAMI-DADE COUNTY TAX COLLECTOR TOGETHER WITH THE DATE, TIME AND PLACE OF THE PUBLIC HEARINGS AT WHICH THE MIAMI CITY COMMISSION WILL CONSIDER THE PROPOSED MILLAGE RATE AND THE DDA TENTATIVE BUDGET FOR SAID FISCAL YEAR. WHEREAS, the Downtown Development Authority (DDA) is a duly authorized taxing authority pursuant to applicable law; and WHEREAS, Section 14-34 of the Code of the City of Miami,, Florida and General Law authorizes the levy of up to an additional one-half (1/2) mill per dollar value of downtown property for the purpose of funding the operations of the DDA; and WHEREAS, a one-half (1/2) mill rate reflects the levy necessary to realize property tax revenues anticipated in the FYI 2000 Budget; and WHEREAS, Section 200.065(2)(a)l, Florida Statutes (Supp. 1998) ("TRIM BILL"), requires each taxing authority to COSSII®N MMG OF JUL 2 7 1999 Resolution No. 99- 551 establish a proposed millage rate; and WHEREAS, the TRIM BILL stipulates that the proposed millage rate be submitted to the Miami -Dade County Property Appraiser and the Tax Collector; and WHEREAS, the TRIM BILL 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 COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are hereby adopted by reference thereto and incorporated herein as if fully set forth in this Section. Section 2. The Downtown Development Authority ("DDA") is hereby authorized to establish a proposed millage rate of one-half (1/2) mill for the Downtown Development District of the City of Miami, Florida for the Fiscal Year beginning October 1, 1999 and ending September 30, 2000. Section 3. The DDA is hereby authorized to submit ,forthwith said proposed millage rate for the DDA to the Miami -Dade County Property Appraiser and Miami -Dade County Tax Collector together with the date, time and place at which the Miami City Commission will hold public hearings to consider said - 2 - 99- 551 millage rate and the DDA'S tentative budget for said Fiscal Year as follows: September 14 1999 at 5:15 p.m. and September 28 1999, at 5:15 p.m. in the Commission Chambers at Miami City Hall, 3500 Pan American Drive, Miami, Florida. Section 4. This Resolution shall become effective upon its adoption and signature of the Mayor'. PASSED AND ADOPTED this 27th day of July , 1999. JOE CAROLLO, MAYOR On a=rdance with Miami Code Sec. 2-36, since the Mayor dirt not indicate approval at Oft Legislation by signing it in the designated „ed lace ptro.�idad, cRi legirl< tibecomes effective with the elapse ofer, N ng same without the MaKier eten a co) „o¢om! �daie of Co ATTEST: J. P%man, City Clerk WALTER J. FOEMAN CITY CLERK T ORi .&D CORRECTNESS :� TTORNEY 39:RCL '- 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. - 3 - 9Q- 551 • CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM TO The Honorable Mayor and DATE: Mem of the City Commission SUBJECT: dog on d ars aw FROM: REFERENCES City Manager ENCLOSURES: Recommendation It is respectfully requested that the City establishing the FY'99 for the Downtown Miami, Florida. Background Ll June 30, 1999 Proposed DDA Millage Rate for FY' 2000 For July 27, 1999 City Commission Meeting FILE Commission approve the attached Resolution Development Authority District of the City of In 1980, the State of Florida Legislature enacted House Bill4D entitled "Truth in Millage" ("TRIM BILL") which has been incorporated into the Florida Statues under Section 200. The TRIM BILL also stipulates that the proposed millage rate be submitted to the Property Appraiser and Tax Collector and included in the City's tax notices mailed to property owners. The City Commission is authorized under Chapter 14 of the City of Miami Code to levy an additional ad valorem tax on all real and personal property in the Downtown Development District, not to exceed one-half (1/2) mill, for the purpose of financing the operations of the Downtown Development Authority. The proposed millage rate for the DDA for the Fiscal Year beginning October 1, 1999 and ending September 30, 2000 is .5 mill. The Miami City Commission must also establish the dates and times of the first and second public hearings in connection with the DDA FY'2000 proposed Millage Rate and Budget. As in past years, the DDA's public hearings should be scheduled for the same dates as the City's. cc: Alejandro Vilarello, City Attorney Walter Foeman, City Clerk 99- 551