HomeMy WebLinkAboutItem #02 - First Reading Ordinance9: v
J-88-840
8/24/88
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, 1988, AND ENDING
September 30, 1989; CONTAINING A
SEVERABILITY CLAUSE.
WHEREAS, the City of Miami estimates that the nonexempt
valuation of taxable property, both real and personal in the City
of Miami, Florida, for the fiscal year beginning October 1, 1968,
and ending September 30, 1989 is $10,352 8,712; and
WHEREAS, at an election held Septembe 2, 1925, the City of
Miami did annex certain territo unincor orated at the time of
such election; and did a x certain o er territory incorpo
at the time of such elec ion and
WHEREAS, from time o t m other territory has be ud d
in the corporate limits o the City of Miami b 1 1 atf�ve acts;
P Y Y 9
NOW, T FORE, IT ORDAINED BY THE C S ON OF THE CITY
OF MIAMI, F ORID /
Sectio is For the purpose of thi o dinance the "City
of Miami" is fined to be, includes d esigmates the City of
Miami as it n w exists with its exte territorial limits as
set forth in th paragraphs prefatory h eto.
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,
1988, and ending September 30, 1989, for the following purposes:
(a) A tax of 9.5995 mills on the dollar for
the General Fund.
(b) A tax of 2.3381 mills on the dollar to
provide for .the payment of maturingg
principal and interest, and charges 99
requirements related thereto, Hof
,Adebtness incurred subsequent to the
adoption of the Homestead Hxemption
Amendment to the Constitution of the
State of Florida, and subject to the
terms thereof.