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HomeMy WebLinkAboutR-91-0569VkK ,-- a . - . _..-----. . J-91-628 7/25/91 RESOLUTION NO. 91 ` 569 A RESOLUTION COMPUTING A PROPOSED MILLAGE RATE FOR THE CITY OF MIAMI, FLORIDA, FOR THE FISCAL YEAR BEGINNING OCTOBER 11 1991 AND ENDING SEPTEMBER 30, 1992; INSTRUCTING THE CITY MANAGER TO SUBMIT SAID PROPOSED MILLAGE RATE TO THE DADE COUNTY PROPERTY APPRAISER AND THE TAX COLLECTOR TOGETHER WITH THE DATE, TIME AND PLACE OF THE PUBLIC HEARING AT WHICH THE CITY COMMISSION WILL CONSIDER THE PROPOSED MILLAGE RATE AND THE CITY'S TENTATIVE BUDGET FOR SAID FISCAL YEAR. WHEREAS, the State Legislature has enacted HB-4D, entitled "Truth in Millage" (TRIM Bill), which requires municipalities to compute a proposed millage rate; and WHEREAS, said law stipulates that said proposed millage rate be submitted to the Property Appraiser and the Tax Collector; and WHEREAS, said rate will reflect the levy necessary to fund the City's tentative budget other than the portion of the budget to be funded from sources other than ad valorem taxes; 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. A proposed millage rate for Miami, Florida, for the fiscal year beginning October 1, 1991 andFA ' ending September 30, 1992 is hereby computed as follows: General Operating Debt Service Total Millage Rate 9.5995 2.3308 10.9303 Yii Section 2. The City Manager is hereby instructed to submit forthwith said proposed millage rate for the City of Miami to the Property Appraiser and to the Tax Collector together with the date, time and place at which the City Commission will hold a public hearing to consider the proposed millage rate and the City's tentative budget for said fiscal year, as followst a September 11, 1991 at St05 P.M. in the Commission Chambers at } City Hall, 3500 Pan American Drive, Dinner Key, Miami, Florida. r Section 3. This Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this 25th day of 4ATTE • MATT HIRAI CITY CLERK BUDGETARY REVIEW AND APPROVAL: RECTOR DEPARTMENT Oik\VUDGET APPROVED AS TO FORM AND CORRECTNESS: M BSS:gmb:M2395 XAVIER L. IS , 1991. Y r, -YUL.- i S -91 T HU 1 b e 0 T DEPT. OF SUDiGET C17Y OF MIAMI. FLOROA INTEROFFICE MEMORANDUM TO: Honorable Mayor and Members WrE : JUL ) 81991 of the City Commission BMW: Proposed Millage Rates for FY 192 FPO'*. Cesar H. Odi FERERENC!! ' city Manager '1 INCLOSVRES �i 1 ftC32xmendat i on It:is recommended that the city commission approve the.fiscal year 1991-92 proposed-millage,rates for the City of Miami and establish meeting dates and times for the first and second public hearing:' $ankU round { The proposed FY 1 92 millage rate for; the City of Miami i8 10'_ rlills�. This proposed rate is 6.14 percent over the rolled bock rate. Ql1i1 garvice The roposed FY+92 millage rate for Debt'Service for the City of p Miami is 2.3308. y '- Heer�nsi ,< �tl,i� natee Recommended Public Hearing dates for the FY192 Budget are as follows: Net Public Hearing September 12, 1991 Thursday 505 pm 2nd Public Hearing September 26, 1991 Thursday 5:05 pm_ 5 r