HomeMy WebLinkAboutItem #47 - First Reading Ordinance (2)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 OCTOBER 11 19819 AND
ENDING SEPTEMBER 309 1982; CONTAINING A
SEVERABILITY CLAUSE.
WHEREAS, the City of Miami estimates that the nonexempt aggregate
valuation of taxable property, both real and personal in the City of Miami,
Florida, for the year beginning October 1, 1981, and ending September 30, 1982
is $7,368,234,465; and
WHEREAS, at an election held September 2, 1925, the City of Miami
did annex certain territory u i orporated at the time of such election, and
r'
did annex certain other ter r ry incorporated at th such election;
and
WHEREAS, ram ti to time�the
corporate limits of the ty of Miami by 1
NOW, THER BE RDAI
i
MIAMI, FLORIDA:
ry has been included in the
(-slative acts;
BY THE COMMISSION OF THE CITY OF
Section f. For the purpose 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, 1981, and ending September 30, 1982, for the follow-
ing purposes;
(a) A tax of 9.036 mills on the dollar for the
General Fund.
(b) A tax of 1.717 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 ad--4-+w- .4 6" u...... -a
Exemption Amendment
the State of Florid ; CITY COWAIS90H
terms thereof. ,
MEETING OF
These mill ages total SEP 101981
Section 3. The proposed W ' ORWNMU No......,
s au~o R ....
governing body exceeds the "roll-backi IM RMNG--- ,,,N.........rn...