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HomeMy WebLinkAboutR-83-0710kESOLUTINI NO. 8 3 —7 1( A RESOU!T l riii AUTHORIZING THE CITY HANAGER 7 ESTASL I SF! n PROPOSED NI'LLAGE RATE FOR THE CITY OF iMINIIT, FLOPIN, FOR THE FISCAL YEP;R BEG1f1f1Iilf 0,CTJCEP 1, 19 '3 A F) E'1D11NG SEPTEt-1 E P 30, 19;114 A'!;_"FOP T!IF [) U) .TM!Vl DEVELOPi•1ENT AlUTHOR1TY COV11-PING TNF ;:;;rIE FISH:V_ 'FEAR. I;HEREJAS, the State LegiMature hers Enacted HK-40, entitled, Truth in iiillane (TR1N Qill), which requires rrunicip,aIitic,s to establish r proposed grillage rate; and P'HEREAS, said law, adopted ,June 30, 198'0, and amended on ,�p)-il %8, 1982 stipulates that the proposed millage rate br, submitted to the Property Appraiser and the Tax Collector; and WHEREAS, said rate will reflect the levv necessary to realize property t.ax revenues anticipated in the FY'84 Budget; and WHEREAS, the TRIH Rill requires that propnsod tax rates be included on tax notices; and WHEREAS, the proposed rni l l age rate submitted to the Property Appraiser is not binding but is necessary for the purpose of preparation of tax notices; and IJHEREAS, 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 downtown 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 RY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The City Planayer is hereby authorized to establish a proposed millage rate for the City of Miami, Florida for the fiscal year beginning October 1, 1933, and ending September 30, 1984 as follows: General Operating 9.5514 Debt Service 1.5724 Total Millage Rate 11.1238 Section 2. The City Manager is further authorized to submit a proposed millage rate for the Downtown Development Authority for the fiscal year beginning October 1, 1983, and ending September 30, 1984, as follows: General Operating .5000 Total Millage Rate .5000 CITY C(-)r-'IT iISSION PJIE�`_'TlN;; OF JUL 28 11'101% Pi P,'..r,RR P l 83-716