HomeMy WebLinkAboutBoard ResolutionRESOLUTION NO.5� n0a9
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
MIAMI DOWNTOWN DEVELOPMENT AUTHORITY ("DDA")
OF THE CITY OF MIAMI, FLORIDA, AUTHORIZING THE
EXECUTIVE DIRECTOR TO ESTABLISH A PROPOSED
MILLA:GE RATE FOR THE DOWNTOWN DEVELOPMENT
DISTRICT OF THE CITY OF MIAMI, FLORIDA FOR THE
FISCAL YEAR BEGINNING OCTOBER 1, 2009 AND ENDING
SEPTEMBER 30,20 10 AT .5 MILLS.
WHEREAS, Section 200.065(2)(a)l, Florida Statutes (Supp. 1992) ("TRIM BILL"), requires each
taxing authority to establish a proposed millage rate, and
WHEREAS, said law stipulates that the proposed millage rate be submitted to the Miami -Dade
County Property Appraiser and the Tax Collector; and
WHEREAS, said rate reflects the levy necessary to realize property tax revenues anticipated in
the Fiscal Year 2010 Budget; and
WHEREAS, the TRIM BILL requires that the proposed tax rate be included on tax notices; and
WHEREAS, the proposed millage ;rate submitted to the Property Appraiser is not binding but
necessary for the purpose of preparation of tax notices.
NOW THEREFORE, be it resolved by the Board .of Directors of the Miami Downtown
Development Authority of the City of Miami, Florida.
Section 1. The recitals are true:and correct and are adopted by reference and incorporated as
if fully set forth in this Section.
Section 2. The DDA Board of Directors hereby authorizes the Executive Director to
establish a proposed millage rate for the Downtown Development District of the City of Miami, Florida
for the Fiscal Year beginning October 1, 2009 and ending September 30, 20I0 at .5 mills.
Section 3. The Executive Director of the DDA. is instructed to submit said proposed rate for
the Downtown Development District of the City of Miami, Florida to the Miami -Dade County Property
Appraiser and Tax Collector.
PASSED AND ADOPTED this 19* day
E'ST:
.0"j, ��►,— .
andra Hernandez
Secretary to the Board of Directors
25.Est Mill Rate for FY 2010;docPage 1 of,l