HomeMy WebLinkAboutR-87-0624J-S7-682
7/2/87
RESOLUTION N0.
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, 1987 AND ENDING
SEPTEMBER 30, 1988.
WHEREAS, Section 200.O65(2)(a)1 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 Fy'88
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, 1987 and ending September 30, 1988, 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.
7
CITY
DIEETIN G OF
JUL 9 1987
RESOLUTION No. • "��
�a�nwicna: '
J-J7-682
7/2/87
5
RESOLUTION N0.
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, 1987 AND ENDING
SEPTEMBER 30, 1988.
WHEREAS, Section 200.065(2)(a)1 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 Fy'88
i
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, 1987 and ending September 30, 1988, 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 CUM-USSIO
MEETING of
JUL 9 1987
RESOLUTION No. I - A.-¢
REfdARKS:
PASSED AND ADOPTED this 9th
ATTEST:
i•
MAA HIRAI, CITY CLERK
PREPARED AND APPROVED BY:
day of July 1987.
A IER L. UAR ,
MAYOR
ROBERT F. CLARK
CHIEF DEPUTY CITY
ATTORNEY
APPROVED &SITO FORM AND CORRECTNESS:
LUCIXA Ai.—nUGHZRTY, CITY ATTORNEY
1
crry OF MIAMI. FLOttiOA
INTER -OFFICE MEMORANDUM
TO. DATE: J U L FILE.
Honorable Mayor and Members
City of Miami Commission SUBJECT
Proposed DDA Millage
for Fy'88
I
FROM. REFERENCES:
�►
Cesar Odio ,
City Manager ENCLOSURES
Background
Recommendation
It is recommended that the City
Commission approve the attached
Resolution establishing the
Fy'88 proposed millage rate for
the Downtown Development
Authority (DDA).
The State legislature in 1980 enacted House Bill -4D 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
i stipulates that the proposed millage rate be 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 at its July 9, 1987, meeting
the dates and times of the first and second public hearings in
connection with the DDA Fy'88 proposed millage rate and budget. As in
the past years, the DDA public hearings should be scheduled for the
same dates as the City's.