HomeMy WebLinkAboutItem #86 - First Reading Ordinance0
Ord flote Not
AN ORDINANCE ESTABLISHING A SPECIAL REVENUE FUND
ENTITLED SOUTHEAST OVERTOWN/PARK WEST
REDEVELOPMENT TRUST FUND" APPROPRIATING $44,685 IN
j TAX COLLECTIONS FOR FY'85 BASED ON CALENDAR YEAR
i 1984 TAX ASSESSMENTS THAT WERE GENERATED AS A
RESULT OF THE TAX INCREMENT FINANCING PLAN
APPROVED BY DADE COUNTY AND THE CITY OF MIAMI FOR
THE SOUTHEAST OVERTOWN/PARK WEST PROJECT AREA;
CONTAINING A REPEALER PROVISION AND A SEVERABILITY
CLAUSE4
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WHEREAS, on July 29, 1982 the City Commission of the City of Miami Passed
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Resolution No. 82-755 approving the Southeast Overtown/Park West Community
Redevelopment Plan; and
WHEREAS, on December 70 1982 the Metropolitan Dade County 8 a f County
Commissioners passed resolution No. 82 -1677 approovi Southeast
Overtown/Park West Community Redevelopment Plan; and
WHEREAS, Florida Statute Section 163.387 provide o he establ shment of
a redevelopment trust fund for each commu redevel m nt agency; and
WHEREAS, on December 21, 1982 the Metro oli ade County Board of County
Commissioners passed ordinance No. 82 115 f r outheast Overtown/Park West
Community Redevelopment Trust Fund ar which tax increment monies will
be channeled for redevelopment activit es;
WHEREAS, on March 6, 1983 the City C i s s i on of the City of Miami passed
an ordinance No. 9590, aut orizing payment into the Southeast Overtown/Park West
Redevelopment Trust Fund, thoriziing the City of Miami to take full management
responsibilities for said f Od
WHEREAS, calendar yja 982 taxable value of S78,305,502 was established by
the Dade County Bohr Commissioners as the base taxable value for the
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SoutheR
vertow /P'rk' est Redevelopment Area; and
value for said area is greater than the
tEA,,,/ cal4nd r year 1484 taxable
1982 taxab}evaluk; and
5 WHEREAS the reported difference between the base taxable value of
578,305 102 set in calendar 1982 and the calendar year 1984 taxable value is
the increment taxable value to which applicable City and County millages will be
applied; and