HomeMy WebLinkAboutItem #85 - First Reading Ordinancef 0
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,
1984, AND ENDING SEPTEMBER 30, 1985; CONTAINING A
SEVERABILITY CLAUSE; SETTING FORTH THE PERCENTAGE BY
WHICH SAID MILLAGE RATE EXCEEDS THE "ROLL -BACK" RATE AND
THE METHOD OF CALCULATING THE LATTER RATE.
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, 1984, and ending September 30, 1985 is
$8,894,728,375; 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 terri
corporate limits of the City of Miami byNle
NOW, THEREFORE, BE IT ORKIN&IBY THE
MIAMI, FLORIDA:
s been included in the
cts;
ISSION OF THE CITY OF
Section 1. Aor the &utWse of this ordinance the "City of Miami"
is defined to be, incl d ,
i
with its extended tervoNo
hereto.
assessed
descri
year
i ng
esignates the City of Miami as it now exists
limits as set forth in the paragraphs prefatory
ection 2. There shall be and hereby are levied upon the nonexempt
ue f all property, both real and personal, in the City of Miami as
Section 1 hereof, taxes at the rate shown below for the fiscal
ing October 1, 1984, and ending September 30, 1985, for the follow -
(a) A tax of 9.8571 mills on the dollar for the
General Fund.
(b) A tax of 2.0520 mills on the dollar to provide
for the payment of maturing principal and
interest, and charges and requirements related
thereto, of indebtness incurred subsequent to
the adoption of the Homestead Exemption
Amendment to the Co *+*,�+4^^ ^f th• ;tAtr of
Florida, and subjec
Section 3. This propo
governing body exceeds the "roll-bac
by calculating the percentage incres
and the FY `86 estimated revenue for