HomeMy WebLinkAboutItem #05 - First Reading Ordinance1
ORDINANCE NO,
AN ORDINANCE DEFINING AND DESIGNATING THE TERRITORIAL
LIMITS OF THE CITY OF MIAMI FOR THE PURPOSE OF TAXATION$
FIXING THE TENTATIVE MILLAGE AND LEVYING TAXES IN THE
CITY OF MIAMI, FLORIDA, FOR THE FISCAL YEAR BEGINNING
OCT08ER 19 1982s AND ENDING SEPTEMBER 309 1983;
CONTAINING A SEVERABILITY CLAUSE.
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, 1982, and ending September 30, 1983 is
$7,752,470,504, 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 th�kity of Miami by legislative acts;
NOW, UEREFORE; BE'IT OIDAINED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:-"
i'
Section 1. For thoupurpose of this ordinance the "City of Miami"
is defined to be, includes, and designates the City of Miami as it now exists
with its extended territorial limits as set forth in the paragraphs prefatory
hereto.
Section 2. There shall be and hereby are levied upon the nonexempt
assessed value of all property, both real and personal, in the City of Miami as
described in Section 1 hereof, taxes at the rate shown below for the fiscal
year beginning October 1, 1982, and ending September 30, 1983, for the follow-
ing purposes;
(a) A tax of 9.0612 mills on the dollar for the
General Fund.
(b) A tax of 1.6682 mills on the dollar to provide
for the payment of maturing principal and
interest, and charges and requirements related
thereto, of indebtedness 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 n
governing body exceeds the "roll -back"
by calculating the percentage increase
and the FY 183 estimated revenue for tr
CITY COMMISSiON
MEETING OF
S E P 101982
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ctity oP MIAMI, PLORIDA
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It is recommended that tjjt, City Commission adopt tont8tive IMI'lage 1,,Ites f6r the
t i . yodr Handing septert, '10 1983 b�ised on the attached ordinances; The
S'.
"I
0 po ra t i 11 Y 9,0612 mills
Deb t S,%,*% -1 co 1:6682 mills
Do,.;!O11'k-,ti [)-ovelopiment hthoi,it.y 0,5000 mills