HomeMy WebLinkAboutCover MemoM (AMI DDA Memorandum
DOWNTOWN DEVELOPMENT AUTHORITY
To: The onorable ayo7Z�E= ty Commission
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From: Alyce Rob tson
Execufi 'e Director
Date: June 10, 2010
Subject: Proposed DDA Millage Rate for FY 2010-2011
Re: For July 8, 2010 City Commission Meeting
Recommendation
It is respectfully requested that the City Commission approve the attached Resolution establishing
the FY 2010-2011 millage rate for the Miami Downtown Development Authority ("DDA'') of the
City, of Miami, Florida.
Background
In 1980, the State of Florida Legislature enacted House Bill -4D entitled "Truth in Millage" ("TRIM
BILL"), which has been incorporated into the Florida Statutes under Section 200. The TRIM BILL
also stipulates that the proposed millage rate be submitted to the Property Appraiser and Tax
Collector and included in the City's tax notices mailed to property owners.
The City Commission is authorized under Chapter 14 of the City of Miami Code to levy an
additional ad valorem tax on all real and personal property in the Downtown Development District,
not to exceed one-half (.5) mill, for the purpose of financing the operations of the Miami Downtown
Development Authority.
The proposed millage rate for the DDA for the Fiscal Year beginning October 1. 2010 and ending
September 30. 2011 is .5 mill. which is % less than the roll back rate of
The Miami City Commission must also establish the dates and times of the first and second public
hearings in connection with the DDA FY 2010-2011 proposed millage rate and budget. As in past
years, the DDA's public hearings should be scheduled for the same dates as the City's.
AMR/msr
Attachments
cc: Julie O. Bru, City Attorney (via email)
Veronica Xiques, Assistant City Attorney (via email)
Elva Gasllastegui-Alonso, Agenda Office (via email)
Miami Downtown Development Authority Tel: 305.579.6675
200 S. Biscayne Boulevard, Suite 2929 Fax: 305.371.2423
Wachovia Financial Center Web: www.miamidda.com
Miami, Florida 33131