HomeMy WebLinkAboutItem #57 - First Reading Ordinance19
J- 85-931
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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,
1985, AND ENDING SEPTEMBER 30, 1986; CONTAINING A
SEVERACILITY CLA(fSE-
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 year beginning October 1, 1985, and ending September 30, 1986 is
$9,315,878,243; and
WHEREAS, at an election held September 2, 1925, the City of Miami
did annex certain territory unincorporated at the time of such election; and
did annex certain other territory incorporated at the time of such election;
and
WHEREAS, from time to time other territory has been included in the
corporate limits of the City of Miami by legislative acts;
NOW, THEREFORE, BE IT ORDAINED BY(;THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
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Section 1. For the pu pote,`of this ordinance the "City of Miami"
is defined to be, includes, and de iidnates the City of Miami as it now exists
with its extended territorial limits as set forth in the paragraphs prefatory
hereto. '
Section 2. er;+/shall be and hereby are levied upon the nonexempt
assessed value of all prppetty, both real and personal, in the City of Miami as
described in Sect' n 1 h reof, taxes at the rate shown below for the fiscal
l
year beginning OcA ber 1, 1985, and ending September 30, 1986, for the follow-
ing purposes;
rr� (a) A tax of 9.8571 mills on the dollar for the
General Fund.
t (b) A tax of 2.0520 mills on the dollar to provide
for the payment of maturing principal and
1 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.
Section 3. This proposed r-- ",^^ rata herein adopted by the
governing body exceeds the "roll -back"
by calculating the percentage increase CITY COMMISSIONMEETING OF
and the FY '86 estimated revenue for t S E P1 2
bw READING.,,
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