HomeMy WebLinkAboutItem #67 - First Reading Ordinancex
ORDINANCE NO.
AN ORDINANCE DEFINING AND DESIGNATING THE
TERRITORIAL LIMITS OF THE CITY OF MIAMI FOR
THE PURPOSE OF TAXATION; FIXING THE MILLAGE
AND LEVYING TAXES IN THE CITY OF MIAMI,
FLORIDA, FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 1989, AND ENDING SEPTEMBER 30,
1990; CONTAINING A SEVERABILITY CLAUSE:
WHEREAS, The Dade County Property Appraiser estimates that
the nonexempt valuation of taxable property, both real and
personal in the City of Miami, F16rida, for the fiscal year
beginning October 1, 1989, an ending September 30, 9. 0 is
$10,629,309,847; an
WHEREAAS at a e e ion eld September 2, 192 the City of
Miami di ann� ce territory unincorp0 te� a the time of
such elec iqh; nd id annex certain of a to r tory incorporated
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at the ti a of ch electionj a d /'
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WHER S, from time ito �tim / o er territory has been
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included in the corporate, Vqits of the City of Miami by
legislative acts
NOW, THEREFORE , BE IT ORDAINED BY THE COMMISSION OF THE
CITY OF MIAMI, FLORIDA:
Section 1. For the purpose of this ordinance the "City of
Miami" is defined to be, includes, and designates the City of
Miami as it now exists with its extended territorial limits as
set forth in the paragraphs prefatory hereto.
Section 2. There shall be and hereby are levied upon the
nonexempt assessed value of all property, both real and personal,
in the City of Miami as described in Section 1 hereof, taxes at
the rate reflected below for the fiscal year beginning October 1,
1989, and ending September 30, 1990, for the following purposes:
(a) A tax of 9.5995 mills on the dollar for
the General Fund.
(b) A tax of 2.5337 mills on the dollar to
provide for the payment of maturing
principal and interest, and charges and
requirements related thereto, of
indebtness incurred subsequent to the
adoption of the Homestead Exemption
Amendment to the Constitution of the
State of Florida, and subject to the
terms thereof.
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