HomeMy WebLinkAboutR-97-0527J-97-516
7/18/97
RESOLUTION NO. 9 7- 5 2 7
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, 1997 AND ENDING SEPTEMBER 30, 1998;
FURTHER, AUTHORIZING AND DIRECTING COMMUNICATION
OF SAID PROPOSED MILLAGE RATE TO THE DADE COUNTY
TAX COLLECTOR AND THE METROPOLITAN DADE COUNTY
PROPERTY APPRAISER, TOGETHER WITH THE DATE, TIME
AND PLACE OF THE PUBLIC HEARINGS AT WHICH THE
MIAMI COMMISSION WILL CONSIDER THE PROPOSED
MILLAGE RATE AND THE DDA PROPOSED BUDGET FOR
SAID FISCAL YEAR.
WHEREAS, Section 14-34 of the Code of the City of Miami 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
Metropolitan Dade County Property Appraiser and the Dade County Tax Collector; and
WHEREAS, said rate reflects the levy necessary to realize property tax revenues
anticipated in the FY '98 Budget; and
CITY COMM=
KEETING OF
JUL241997
Resolution No.
97- 527
•
•
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 containe'd 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, 1997 and ending September 30, 1998.
Section 3. The DDA is hereby authorized to submit forthwith said proposed
millage rate for the DDA to the Dade County Property Appraiser and to the Dade County
Tax Collector together with the date, time and place at which the City Commission will
hold public hearings to consider said millage rate and the DDA's tentative budget for said
fiscal year, as follows:
September , 1997, at 5:05 P.M. and September , 1997, at
5:05 P.M. in the Commission Chambers at City Hall, 3500 Pan American
Drive, Dinner Key, Miami, Florida.
Section 4. This Resolution shall become effective immediately upon its adoption.
97- 527
PASSED AND ADOPTED this 24th day of July
ATTES
ALTER J FO AN
CITY CLER
PREPARED AND APPROVED BY:
OLG AMIREZ-SEIJ
AS I ANT CITY ATTORN
APPROVED AS TO FORM AND CORRECTNESS:
,/QU,AV JONES/III
ITY ATTORNEY
W1759:csk:ORS
. 1997.
3-
9?= 527
CITY OF MIAMI, FLORIDA 0
34
INTER -OFFICE MEMORANDUM.
TO : The Honorable Mayor and
Members of the City Commission
FROM: 61g"t-4
-
Edward M
j;;�;>
City Manager
Recommendation
DATE : July 9, 1997 FILE :
SUBJECT :
Proposed DDA Millage
Rate for FY'97-98
REFERENCES:
For July 24, 2997
ENCLOSURES: . City Commission Meeting
It is respectfully requested that the City Commission approve the attached Resolution
establishing the FY'98 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, Section 14-34 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 DDA.
The proposed Millage Rate for the DDA for the Fiscal Year beginning October 1, 1997 and
ending September 30, 1998 is .5 mills.
The City Commission must also establish the dates and times of the first and second public
hearings in connection with the DDA FY'98 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.
b 7- 527 1