HomeMy WebLinkAboutSubmittal-Board Memo-Substitution for Item RE.5•
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Memorandum
To: The,11onorable Maavoorr and Members of the City Commission
From: Alyce 'I. Ro ert on
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Exec ive Director
Date: July 1, 2010
Subject: Substitution for Item RE -5
Change in Legislation
Re: For July 8, 2010 City Commission Meeting
5utsmi i i to in i u i nt
PUBLIC RECORD FOR
ITEM.1t
ON o
Please be advised that the item RE.5 scheduled for the July 8°i, 2010 Regular City Commission
Meeting needs to be substituted in its entirety. The 2010 Certification of the Tax Role was received
Oil July 1, 2010.
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE MIAMI DOWNTOWN
DEVELOPMENT AUTHORITY ("DDA") OF THE CITY OF MIAMI, FLORIDA, APPROVING THE
PRELIMINARY ANNUAL, BUDGET OF THE MIAMI DOWNTOWN DEVELOPMENT
AUTHORITY FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2010 AND ENDING
SEPTEMBER 30, 2011, REQUESTING THAT THE MIAMI CITY COMMISSION ESTABLISH THE
MILLAGE TO SUPPORT THE FINANCIAL REQUIREMENTS OF THE BUDGET; AUTHORIZING
THE EXECUTIVE DIRECTOR OF THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY TO
EXPEND FUNDS FOR THE BUDGET; DIRECTING THE EXECUTIVE DIRECTOR TO FILE A
DETAILED STATEMENT OF THE PROPOSED EXPENDITURES AND ESTIMATED REVENUES
FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2010 AND ENDING SEPTEMBER 30, 2011
WITH THE CITY CLERK OF THE CITY OF MIAMI AFTER ADOPTION AND ESTABLISHMENT
OF THE MILLAGE BY THE MIAMI CITY COMMISSION; AND FURTHER PROVIDING THAT A
COPY OF THIS RESOLUTION BE FILED WITH THE CITY CLERK OF THE CITY OF MIAMI.
AMR/msr
Attaciurlents
cc: Julie 0. 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
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A-MIAMIDDA
DO'NNTUM CE\'=.CPMENT :..L7HORITY
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Memorandum
To: The Ponorable A9ayor nd Members of the City Commission
From: J(lyce N . Rob e'rtsonI Executive Director
Date: July 1, 2010
Subject: Proposed DDA Millage Rate for FY 2010-201I
Re: For July 8, 2010 City Commission Meeting
Recommendation
It is respectfully requested that the City Commission approve the attached Resolution establishine
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. This millage rate has been the same since the inception of the DDA in
1965.
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 9.42% less than the roll back rate of .5520.
The Miami City Commission must also establish the dates and times of the first and second public
hearings in cormection 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 entail)
Veronica Xiques, Assistant City Attorney (via entail)
Elva Gasllastegui-Alonso, Agenda Office (via email)
Miami Downtown Development Authority
200 S. Biscayne Boulevard, Suite 2929
Wachovia Financial Center
Miami, Florida 33131
Submitted Into the public
recor in conn c With
It®m �;on 7IcVs�Q
Priscilla A. Tho p
City Clerk
Tel: 305.579.6675
Fax: 305.371.2423
Web. www.miamidda.com
0 •
RESOLUTION NO. 30/1010
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
MIAMI DOANTOVVN DEVELOPMENT AUTHORITY ("DDA")
OF T14E CITY OF MIAMI, FLORIDA, AUTHORIZING 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, 2010 AND ENDING
SEPTEMBER 30, 2011 AT .5 MILLS.
WHEREAS, Section 200.065(2)(a)1, Florida Statutes (Supp. 1992) ("TRIM BILL"). requires each
taxing authonh, 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 L 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, 2010 and ending September 30, 2011 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 2,,Cda;
ATTEST:
adelyne 5V. Raybourn
Secretary to the Board of Directors
Eu Mill Rate (or FY 2010.201 I.dmP ite I of I
Submitted Into the public
recor Econnectio wit
item h
Priscilla A. Thompson
City Clerk