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Home My WebLink AboutR-90-05837'/26/90 RESOLUTION NO. 9 0 5 8 3 A RESOLUTION AUTHORIZING THE EXECUTIVE DIRECTOR OF THE DOWNTOWN DEVELOPMENT AUMRITY TO ESTABLISH A PROPOSED MILLAGE RATE OF .5 MILLS FOR THE DOWNTOWN DEVELOPMENT DISTRICT OF THE CITY OF MIAMI, FLORIDA, FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 1990, AND ENDING SEPTEMBER 30, 1991. WHEREAS, Section 200.065(2)(a)18, Florida Statutes (1989), ("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 ("Property Appraiser") and the Tax Collector; and WHEREAS, said rate will reflect the levy necessary to realize property tax revenues anticipated in the FY191 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 is necessary for the purpose of preparation of tax notices. NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDAs Section 1. The Executive Director of the Downtown Development Authority is hereby authorized to establish a proposed millage rate for the Downtown Development District of the City of Miami, Florida, for the fiscal year beginning October 1, 1990, and ending September 30, 1991, at .5 millsl. Section 2. The Executive Director of the Downtown Development Authority is also hereby instructed to submit said 1 This millage rate is the rate computed by the City Uw%.v UA.%pjR .00 JL A*46v irmadiately upon its adoption. 26th PASSED AND ADOPTED this day of 1990. ra Background In 1980, the State Legislature enacted -House Bill-411_entitled Truth in Millage (TRIM BILL) which was incorporated into the Florida Statutes under Section 200. The TRIM BILL requires each taxing authority to establish proposed millage rates. The TRIM BILL also stipulates that the proposed millage rate be submitted to.the Property Appraiser for inclusion in the City's tax notices that are mailed to property owners. The City Commission is authorised under Chapter 14, Section 14-34 of the•City of Miami Code to levy an additional ad valoren tax on all real and personal property within the Downtown Development Districts not to exceed one half (1/2) mill for the purpose of financing the operations of the DDA. The proposed millage rate for the Downtown Development Authority is .5 mills. {3 Y :t The City Commission must also establish the dates and times for p the first and second public hearings in connection with the AD r= FY'91 proposed millage rate -and budget. As in past years, the DDA public hearings should be scheduled for the same dates as the City's. b, 4 ��I 0 "0. 8 3 f � t M wMI ,l,�i RESOLUTION NO, 14/90 A RESOLUTION APPROVING A PRELIMINARY ANNUAL BUDGET OF THE .DOWNTOWN DEVELOPMENT AUTHORITY, FISCAL YEAR OCTOBER 10 19900 THROUGH SEPTEMBER 30, 19910. REQUESTING THE MIAMI CITY COMMISSION TO APPROVE AND ADOPT SAID BUDGET; REQUESTING THE MIAMI CITY COMMISSION TO ESTABLISH THE MILLAGE AND TO ALLOCATE OTHER FUNDS TO SUPPORT THE FINANCIAL REQUIREMENTS OF THE BUDGET; AUTHORIZING THE EXECUTIVE DIRECTOR AND TREASURER OF THE AUTHORITY TO EXPEND FUNDS UNDER THE NEW BUDGET; DIRECTING THE EXECUTIVE DIRECTOR TO FILE A DETAILED STATEMENT OF THE PROPOSED EXPENDITURES AND ESTIMATED REVENUES FOR THE 1990-91 FISCAL YEAR WITH THE CITY CLERK OF THE CITY OF MIAMI, AFTER APPROVAL, ADOPTION AND ESTABLISHMENT OF THE MILLAGE BY THE MIAMI CITY COMMISSION; AND PROVIDING THAT A COPY OF THIS RESOLUTION BE FILED WITH THE CITY CLERK OF THE CITY OF MIAMI. WHEREAS, the Downtown Development Authority, of the City of Miami has prepared a Preliminary Budget for the Fiscal Year 1990- 91; and WHEREAS, the Board of Directors of the Downtown Development = Authority has reviewed the Preliminary Budget, said Budget being based on the Estimated Tax Roll provided by Metropolitan Dade County; and WHEREAS, Ordinance No. 7370, as amended, of the City of Miami, requires that the City Commission make appropriations for _} the operations of the Downtown Development Authority by -= ordinance; and WHEREAS, the Board of Directors of the Downtown Development _# Authority finds that the proposed Budget is necessary in order to further the objectives of the Downtown Development Authority, as 3 authorized by City ordinance. „ —i ■ -a+ NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS Of THE DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, that; 90 - art F. Development Authority, as submitted by the Director, is rude pare r of this Resolution. and is hereby approved and shall be known to the "Preliminary Annual budget of the Downtown Development 4 Authorityi 'Fiscal Year October 1, 1990, through September 30, 1991" . - Section 2. The Commission of the City of Miami is requested f to approve and adopt the said Budget and establish the wills e p p p B 6 , authorized by law, to support the financial requirements of the Budget. Section 3. The Executive Director and the Treasurer of the Authority are authorized to expend funds, including new salary rates, as provided in said Budget, after approval, adoption and establishment of the millage by the City of Miami Commission, upon the first day of the 1990-91 Fiscal Year, October 1, 1990. Section 4. The Executive Director of the Downtown Development Authority is directed to prepare and file with the City Clerk of the City of Miami, a detailed statement of the proposed expenditures and estimated revenue for the Fiscal Year 1990-91, which shall- be entitled "Annual Budget of the Downtown Development Authority: Fiscal Year October 1, 1990 through September 30, 1991". ` 90- 5 - 3 , fie ;�44C' ?2 — �rzF . P oiui I u 1111111101111 liuiu i'IL41 111 ill ini i DWNTOWN DEVELOeMENT AUJTROKITi OF THE CITY OF MIAMI BUDGET PROPOSAL: FY'91 i ESTwkTED REVENUES .� AD VALOWZ TAXES ..$ CONTRACTS INTEREST OTHER -V TOTAL REVENUES ESTIIWED EXPENSES DESCRIPTION STAFF SALARIES PART TDW - FICA(MATCH) PENSION ISSURAtiC&$F. ITH/LIFE/D.I '1 WORIQSEN'S 0010 TOTAL PERSONELL COSTS PROFESSIONAL SERVICES- OTHER PROFESSIONAL SERVICES- AUDIT TOTAL CONTRACTUAL PROPOSED AMENDED FY'90 INCREASE (DECREASE)REMARKS. FY'91 94.87% $1.504.406 $1 493,555 $10,851 4.38% $69,490 $5,800 $56,418 $8,000 $13,072 ($2.200) 0.37% 0,38% $6,000 $6,000 $0 ' $1,585,696 $1,563,973 $21,723 D PROPOSED AMENDED Z OF TOTAL FY'91 BUDGET FY'90 BUDGET INCREASE (DECREASE) BUDGE 27.57% $437,215 $442,871 $35,000 ($5,656)Staff reductions. ($17,310)Reduction in parttiae hours 1.11% 1,85% $17,680 $29,308 $30.560 ($1,252)due to staff reductions in full time staff 2.73% $43,278 $52,655 ($9,377)dus to reduction ($3,815)rate increase kept at minimum using cost containment plan 2.94Z 0.16Z $46,634 $2,600 $50,449 $2,465 $135 36.37%-�� 576,714 614,000 ($37,286) $62,071 4 consultants for mktg, development 6 matrOmOver 61"nsiOn 12.52Z 0.44Z $198,489 $7,000 $136,418 $7,000 $0 fee increase 12.96% $205,489 $143,418 $62,071 00O 510 000 $2,000 Increased staff participation in seminars & conferences TRAVEL PER DIEM 0.76Z 0.37Z $12, $51800 , $S,eoo , MOTOR POOL . 0.98Z $15,600 $15,600, $0 PAZKING 1,37Z $21,756 $17,700 $4,056 0.472 $7,500 $71500 9 POSTAGE 0.91Z $14,501 $23,500 8 998) ($. x , EQnIP'! RENTAL 16.21% $257,047 $2S7,047 $0 OFFICE am 0 20Z $3 200 $3,200 $0 pROPSRTYINSURANCE FIDELITY 0.04Z $600 $9,334 $600 $7,766 $O $1,568 Increase is maintenance contracts 3 REPAIR� Pltill'tlliC 6.592 0.32% $5,000 S4. 000 $1,000 $5,830 ADY8ICTISING a YROMMON" _ 1.63Z. 1.262' $25,830 $24,000 $20.000 $20,000 $0 es UPPLUS Misc. pUaLICATI S i`'KMZRSHIPS 0.54Z $8,500 $6,a0o $13,QOn $2.500 $3,500 3 awn% tT . i.04Z $16,500 - :� Y1i71:. t3P&9ATIN6 76.02Z 51,205,372 265 324 S1,169,I31 5204 842 $36,241 ass o Miismd $60,452 Enhanced marketing and promotion of chant dslfnaWnt t4XW XTtTA 16.73Z $ $100,000 $180,000 ($SO,000) Anticipated collections OF prior 7e } GZ 1 6.3Z 0.95E 5151ON $10,000 I $5.000 'r 51,�85�696 41,S63,973 $21,723 -� -'. i w.WW,,, ?" �,.. 7..,:" x': t r�- . lt �' �'f:i'4`.'r i „A,r .... ,.. ,�_� �+ a Y y.✓r,. rr"f,I'�'�!y'�q'e .^„ ": �.r 1 "" �dWS�t•.i'�'r r s�' h.,i9' i, :i'4'��` yb � N��"k$ 9. ,.. " I i::{ � . � �� ,.. �.� r .. ... I ,. f'_ I r�