HomeMy WebLinkAboutR-94-0522r
J-94-498
6/27/94
RESOLUTION NO. 9 4 - 522
A RESOLUTION AUTHORIZING THE DOWNTOWN
DEVELOPMENT AUTHORITY ("DDA") TO ESTABLISH A
PROPOSED MILLAGE RATE OF .5 MILLS FOR THE
DOWNTOWN DEVELOPMENT AUTHORITY DISTRICT OF
THE CITY OF MIAMI, FLORIDA, FOR THE FISCAL
YEAR BEGINNING OCTOBER 1, 1994, AND ENDING
SEPTEMBER 30, 1995; AND AUTHORIZING
COMMUNICATION OF SAID PROPOSED MILLAGE RATE
TO THE DADE COUNTY TAX COLLECTOR TOGETHER
WITH THE DATE, TIME AND PLACE OF THE PUBLIC
HEARINGS AT WHICH THE 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 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 DDA; and
WHEREAS, Section 200.065 (2)(a)1, Florida Statutes (1993)
("TRIM BILL"), requires each taxing authority to establish a
proposed millage rate; and
WHEREAS, the TRIM BILL stipulates that the proposed millage
rate be submitted to the Metropolitan Dade County Property
Appraiser ("Property Appraiser") and the Tax Collector; and
WHEREAS, the herein established millage rate reflects the
levy necessary to realize property tax revenues anticipated in
the FY'95 Budget; and
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94- 522
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 is 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 DDA is hereby authorized to establish a
proposed millage rate of .5 mills for the Downtown Development
Authority District of the City of Miami, Florida, for the fiscal
year beginning October 1, 1994, and ending September 30, 1995.
Section 3. The Executive Director of the DDA is hereby
authorized to submit forthwith said proposed millage rate for the
j
DDA to the Property Appraiser and to the 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 8, 1994, at 5:05 P.M. and September 22, 1994, at
I 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
94- 522
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immediately upon its adoption.
PASSED AND ADOPTED this 14th day of _ July , 1994.
STEVHEN P. CLARKI MAYOR
AT
A
MATTY HIRAI
CITY CLERK
PREPARED AND APPROVED BY:
L
L E. MAXWELL
D UTY CI`1'Y ATTORNEY
APPROVED AS TO FORM AND CORRECTNESS:
•X-.—QldlNN JONt, III
CITY ATTOR
M4388/JEM/mis
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CITY OF MIAMI, FLOR0A
INTER -OFFICE MEMORANDUM
42
The Honorable Mayor and
To Members of the City Commission DATE
SUBJECT
Ces I dio
JUL - 5 1994 FILE
Proposed DDA Millage
Rate for FY195
FROM : REFERENCES
Cit ager For July 14, 1994
ENCLOSURES City Commission Meeting
Recommendation
It is respectfully requested that the City Commission approve the
attached Resolution establishing the FY195 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 Tar. Collector and
included in the City's tax notices mailed to property owners.
The City Commission is authorized under Chapter 1.4, 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, 1994 and ending September 30, 1995 is .5
mills.
The City Commi sion must also establish the dates and times of
the first and recond public hearings in connection with the DDA
FY195 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.
MDS/CHO/jt
encl
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