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RESOLUTION NO. 84,774
A RESOLUTION AUTHORI7_IPdG THC CITY MANAGER TO
ESTABLISH A PROPOSED iIILL.;IGE RATE FOR THE CITY OF
MIAMI, FLORIDA, FnR, THE FISCAI- YEAR BEGINNING
OCTOBER 1, 1934 AND CNDING SEPTENIBER 30, 1985 AND
FOR THE DOWNTOWN DEVELOPMEiNT AUTHORITY COVERING
THE SAME FISCAL YEAR.
WHEREAS,
the State Legislature
has enacted HB-4D,
entitled,
Truth in
Millage (TRIM
Bill), which requires
municipalities 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'85 Budget; and
WHEREAS, the TRIM Bill requires that 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; and
WHEREAS, the City Commission also 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 downtovrn district, not exceeding one half (1) mill on
dollar valuation of such property for the purpose of financing the operation of
the Downtown Development Authority;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. The City Manager is hereby authorized to establish a proposed
millage rate for the City of Miami, Florida for the fiscal year beginning
October 1, 1984, and ending September 30, 1985 as follows:
General Operating 9.8571
Debt Service 2.0520
Total i'li l l age Rate
11.9091
Section 2. The City Manager- is further authorized to submit a proposed
millage rate for the DowntoG,.n Development Authority for the fiscal year
beginning October 1, 1984, and ending September 30, 1985, as follows:
General Operating .1429
Total Hill age Rate .1429
Section 3.
The
City Manager
is insturcted
to submit said proposed
millage
rates for the
City
of Miami and
the Downtown
Development Authority
to the
Property Appraiser.
t (( ter`` F��� e}}� S `�
PASSED AND ADOPTED this 30th day of July , 1984.
Maurice A. Ferre
IMAURICE A. FERRE
ATTEST:
r r1
RWOTIFG. ONGIE
CITY CLERK
PREPARED AND APPROVED BY:
� C
DEPUTY CITY ATTORNEY
APPROVED AS TO FORM AND CORRECTNESS:
S G R IA-PED S
ITY ATTORNEY
.4•
at �3t�
CITY OF MIAMI. FLORIDA
INTER -OFFICE MEMORANDUM
TO. Howard V. Gary
City Manager
Manohar S. Surana, Director
FR°M: Department of Management & Budget
1 '
DATE: July 10, 1984 FILE: DFiB2
SUBJECT: Proposed Mill age Rates for FY'85
REFERENCES:
ENCLOSURES:
It is recommended that the.City Commission approve
the attached Resolution establishing the fiscal
year 1984-85 proposed millage rates for the City
of Miami and the Downtown Development Authority
(DDA).
On June 30, 1980, the State Legislature enacted House Bill - 4D entitled "Truth
in Millage (TRIM Bill)." This bill requires municipalities to establish a
proposed millage rate and stipulates that the proposed millage rate be submitted
to the -property Appraiser for inclusion in the City's tax notices mailed to
property owners. This is a proposed millage rate and may be changed at the time
the final budget is adopted.
The City Commission is authorized under Chapter 14, Section 14-34 of the Miami
Code to levy a special ad valorem tax on all real and personal property in the
Downtown district not exceeding one half (1) mill for the purpose of financing
the operations of the DDA.
The proposed FY'85 millage rates for the City of Miami (General Operating and
Debt Service) and the DDA as compared to FY'84 rates are outlined below:
City of
;1iami
FY'84
FY'85
Diff.
Change
General
Operating
9.5514
9.8571
.3057
3.2
The increase in the millage rate for the general operating budget is to offset
revenue losses in Federal Revenue Sharing, State Revenue Sharing, Franchise Fees
(i.e., Southern Bell) and to pay for the additional cost of government.
City of Hliami FY'84 FY'85 Diff. Change
Debt Service 1.5724 2.0520 .4796 30.5
The increase in the millage rate for Debt Service is two -fold. Increased
requirements per the debt repayment schedule in FY'85 for authorized and
outstanding General Obligation Bond issues and a reduction in available fund
balance revenues.
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Page 2
RE: Proposed Miliage Rates for FY'85
July 10, 1984
Downtown Development FY184 FY185
Au on ty
General Operating .4486 .1429
Diff. % Change
(.3057) (68.1)
According to an opinion from the State of Florida Department of Revenue with
which the City Attorney's Office concurs, the combined millage rates of the City
of Miami (General Operating) and the Downtown Development Authority cannot
exceed the State -mandated cap of 10 mills. Therefore, the reduction in DDA's
millage rate is to offset increased budgetary requirements in FY'85 for the City
of Miami. However, the City will contribute to DDA the difference between the
property tax revenue limit and the revenue to be generated by the DDA millage
levy.
On July 30, 1984, the City Commission must also establish meeting dates and
times of the first and second public hearings in connection with the City and
DDA FY'85 proposed millage rates and budgets.
Outlined below are the Public Hearing Dates which are available to the City
for the first and second public hearings to adopt FY'85 budget and millages.
These dates have been developed by strict adherence to the rules and regulations
as set forth in the State's Trim Bill. Please note that these two Public
Hearings must be held after 5:00 pm.
Public Hearing Dates FY'85 Budget
I. Available Dates
Second Public Hearing Must Be
Held Within 15 Days From The
Alternative First Public Hearing First Public Hearing
Alternative 1 September 10 September 24
Alternative 2 September 12 September 26
Alternative 3 September 13 (City Comm. Mtg.) September 27 (City Comm. Mtg.)
II. Unavailable Dates
Dates
September 5
September 11
September 20
Reason
School Board's Second Public Hearing
Dade County's First Public Hearing
Dade County's Second Public Hearing
The attached proposed resolution is prepared for the July 30, 1984 City
Commission meeting.
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