HomeMy WebLinkAboutR-89-0733J-89-600
619/89
RESOLUTION NO. 89-�-733.
A RESOLUTION AUTHORIZING THE
EXECUTIVE DIRECTOR OF THE DOWNTOWN
DEVELOPMENT AUTHORITY TO ESTABLISH A
PROPOSED MILLAGE RATE FOR THE
DOWNTOWN DEVELOPMENT DISTRICT OF THE
CITY OF MIAMI, FLORIDA, FOR THE
FISCAL YEAR BEGINNING OCTOBER 1,
1989 AND ENDING SEPTEMBER 30, 1990.
WHEREAS, Section 200.065(2)(a)l F.S. (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 Property Appraiser and the Tax Collector;
and
WHEREAS, said rate will reflect the levy necessary to
realize property tax revenues anticipated in the FY190 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, FLORIDA:
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, 1989 and ending September 30, 1990
at .5 mills.
Section 2. The Executive Director
of the Downtown
Development Authority is instructed to submit
said proposed rate
for the Downtown Development Authority
to the Property
Appraiser.
CITY COMNu O ON
MEETING
,.
JUL 27 1989
r
RESOLUTION No.�3,
REMARKS.
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1S
CITY OF MIAMI. FLORIDA
INTgR.OFFICE MEMORANDUM
ra:
The Honorable Mayor and DATE: J U N 2 s 1989 FILM
Memb s of the City Commission susiEcproposed Millage Rate
for FY'90
FROM: Cesar O d i o REFERENCES:
City Manager
ENCLOSURES:
Recommendation
It is recommended that the City Commission approve the attached
Resolution establishing the FY'90 proposed millage rate for the
Downtown Development Authority (DDA).
Background
The State Legislature in 1980 enacted House Bill-411 entitled Truth in
Millage (TRIM BILL) which has been 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
in the City's tax notices mailed to
Property Appraiser for inclusion
property owners.
The City Commission is authorized under Chapter 14, Section 14-34 of
the Miami Code to levy an additional ad valorem tax on all real and
personal property in the Downtown Development District not exceeding
one half (1/2) mill for*the purpose of financing the operation of the
DDA.
The proposed millage rate for the DDA is .5 mills.
The City Commission must also establish the dates and times of the
71 first and second public hearings in connection with the DDA FY'90
proposed village rate and budget. As in past years, the DDA public
hearings should be scheduled for the same dates as the City'e.