HomeMy WebLinkAboutR-88-0709J-88-718
7/15/88
RESOLUTION NO. ldt'--a7091
A RESOLUTION AI'TIIOR I ZI NG TIIF.
EXECUTIVE DIRI:CTtaR OF THE DOWNTOWN
DEVELOPMENT AUTHORITY To ESTABLISH A
PROPOSED MlLLAGE RATE FOR THE
DOWNTOWN DEVELOPMENT DISTRICT OF THE
CITY OF MI AMI . FLOR I DA . FOR THE
FISCAL YEAR BEG I NNI NG OCT(aBER 1 ,
1988 AND ENDING SEPTEMBER 30, 1989.
WHEREAS, Section 200.065(2)(.a)I F.S. (TRIM BILL) rf,quires
each taxing authority to establish a proposed millage rate; and
WHEREAS. Said law st1puIntes that the proposed mi. It.age 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 Fy 89 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 i.s necessary for the
purpose of preparation of tax notices
NOW, THEREFORE, BE IT RESOLVED BY THE
COMMISSION OF THE
CITY OF MIAMI. FLORIDA;
Section I. 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 1988 and ending September 30. 1989
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 COMMISSION
MEETING OF
JUL 71. 1988
ESOLUTION No, 88- IOJ,
EMARKS:
vt
PASSED AND ADOPTED this 21st day of
MA TY HIRAI
CITY CLERK
PREPARED AND APPROVED BY
ROBERT F. CLARK
CHIEF DEPUTY CITY ATTORNEY
APPROVED AS TO FORM AND CORRECTNESS:
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W
TO
FROM.
CITY OF MIAMI. FLORIDA
INTER -OFFICE MEMORANDUM
Honorable Mayor and
Memb rs of the City Commission
Cesar Odio
City Manager
RECOMMENDATION
BACKGROUND
DATE J U L I ,, 1989
SUBJECT Proposed Millage
for Fy'89.
REFERENCES
ENCLOSURES.
It is recommended that the City
Commission approve the attached
Resolution establishing the Fy'89
proposed millage rate for the
Downtown Development Authority
(DDA).
FILE
Rate
The State Legislature in 1980 enacted House Bill-4D entitled
Truth in Millage (TRIM MILL) 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 1)e
submitted to the Property Appraiser for inclusion in the City's
tax notices mailed to 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 first and second public hearings in connection with the DDA
Fy'89 proposed millage rate and budget. As in past years, the
DDA public hearings should be scheduled for the same dates as
the City's.
CO/ cs
Encl.
9S-70S, I f -/