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Home My WebLink AboutR-98-0775J-98-775 7/14/98 RESOLUTION NO. 9 g 775 A RESOLUTION 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, 1998 AND ENDING SEPTEMBER 30, 1999; 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 TIME THE MIAMI CITY COMMISSION WILL CONSIDER THE PROPOSED MILLAGE RATE AND THE DDA TENTATIVE BUDGET FOR SAID FISCAL YEAR. WHEREAS, Section 14-34 of the Code of the City of Miami, Florida and General Law authorizes the levy of an additional one-half (1 /2) mill per dollar value of downtown property for purposes of funding the operations of the Downtown Development Authority ("DDA"); and WHEREAS, Section 200.065(2)(a) 1, Florida Statutes (Supp. 1992) ("TRIM BILL"), requires each taxing authority to establish a proposed millage rate; and WHEREAS, said law stipulates that the proposed millage rate be submitted to the Miami -Dade County Property Appraiser and the Tax Collector; and WHEREAS, said rate reflects the levy necessary to realize property tax revenues My cobDassiax MEETING op J(I [ 2 1 1998 8evolutim No. 98 775 anticipated in the FY'99 Budget; 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 l . 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 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, 1998 and ending September 30, 1999. 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 the 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 millage rate and the DDA's tentative budget for said Fiscal Year as follows: September 8 , 1998 at 5:15 PM and September 22 1998 at 5:15 PM In the Commission Chambers at Miami City Hall, 3500 Pan 2 98- ry 775 American Drive, Miami, Florida. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.1 PASSED AND ADOPTED this 21st day of July , 1998. JOE CAROLLO, MAYOR In accordance wfth Miami Code Sec. 2-36, since the Mayor did not indicate approv i of this legislation by signing it in the designated place provided, said legislation , -,-,v becomes effective with the elapse often (10) days om the date of Comrnissi :^ regarding same, without the Mayor r is' ATTEST: i'l WafterjJ. n, City Clerk WALTER J. FOEMAN CITY CLERK RRECTNESS:t- W2767et:csk:ORS ' 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 9, 8- 7r CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM TO: The Honorable Mayor and DATE Members of the City Commission SUBJECT: ,t FROM : D Wald H. WarShaW REFERENCES: City Manager ENCLOSURES: Recommendation 30 July 6, 1998 Proposed DDA Millage Rate for FY'99 FILE : For July 21, 1998 City Commission Meeting It is- respectfully requested that the City Commission approve the attached Resolution establishing the FY'99 Millage Rate for the Downtown Development District of the City of Miami, Florida. Background In 1980, the State of Florida Legislature enacted House Bill-4D entitled "Truth in Millage" ("TRIM BILL") which has been incorporated into the Florida Statutes under Section 200. The TRIM BILL also stipulates that the proposed millage rate be submitted to the Property Appraiser and the 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, 1998 and ending September 30, 1999 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'99 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 `98- 77FW 0 DOWNTOWN DEVELOPMENT AUTHORITY First Union Financial Center 200 S. Biscayne Boulevard Suite 1818 Miami, Florida 33131 Tel .: (305) 579-6675 Fax:(305)371-2423 E-Mail: dda4miamidda.com C; July 6, 1998 �,x-' rer1 i�' MEMORANDUM TO: Donald Warshaw = City Manager `' _ cj FROM: Patricia Allen Executive Director RE: City Commission Agenda Item Downtown Development Authority Proposed FY' 99 Millage Rate Attached is an Agenda Package containing a Resolution requesting City Commission approval of the proposed Millage Rate for the Fiscal Year beginning October 1, 1998 and ending September 30, 1999, and establishing the date, time and place of the public hearings for the Miami City Commission to consider the DDA tentative budget for said Fiscal Year. Please place this Item on the July 21, 1998 City Commission Agenda. encl. PA/PC 98- 775 CITY OF MIAMI. FLORIDA INTER -OFFICE MEMORANDUM TO: The Honorable Mayor and DATE Members of the City Commission SUBJECT FROM Donald Warshaw REFERENCES Commissioner ENCLOSURES: Recommendation July 6, 1998 FILE Proposed DDA Millage Rate for FY'99 For July 21, 1998 City Commission Meeting It is respectfully requested that the City Commission approve the attached Resolution establishing the FY'99 Millage Rate for the Downtown Development District of the City of Miami, Florida. Background In 1980, the State of Florida Legislature enacted House Bill-41) entitled "Truth in Millage" ("TRIM BILL") which has been incorporated into the Florida Statutes under Section 200. The TRIM BILL also stipulates that the proposed millage rate be submitted to the Property Appraiser and the 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, 1998 and ending September 30, 1999 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'99 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 88-