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HomeMy WebLinkAboutR-04-0495City of Miami Legislation Resolution: R-04-0495 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 04-00791 Final Action Date: 7/22/2004 A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE DOWNTOWN DEVELOPMENT AUTHORITY ("DDA") TO ESTABLISH A PROPOSED MILLAGE RATE OF ONE-HALF (1/2) MILL FOR THE DOWNTOWN DEVELOPMENT DISTRICT OF THE CITY OF MIAMI, FLORIDA, FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2004 AND ENDING SEPTEMBER 30, 2005; AUTHORIZING AND DIRECTING COMMUNICATION OF SAID PROPOSED MILLAGE RATE TO THE MIAMI-DADE COUNTY PROPERTY APPRAISER AND TAX COLLECTOR TOGETHER WITH THE DATE, TIME AND PLACE OF THE PUBLIC HEARINGS, AS STATED HEREIN, AT WHICH THE MIAMI CITY COMMISSION WILL HOLD PUBLIC HEARINGS TO CONSIDER THE PROPOSED MILLAGE RATE AND THE DDA TENTATIVE BUDGET FOR SAID FISCAL YEAR. WHEREAS, Section 14-34 of the Code of the City of Miami, Florida, and General Law authorizes the levy of an additional one-half (1/2) mill per dollar value of downtown property for the purpose of funding the operations of the Downtown Development Authority ("DDA"); and WHEREAS, Section 200.065(2)(a)1, 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 2005 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 Miami -Dade County Property Appraiser and Tax Collector is not binding but necessary for the purpose of preparation of tax notices; NOW THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted and incorporated is fully set forth in this Section. Section 2. The DDA is authorized to establish a proposed millage rate of one-half (1/2) mill for the Downtown Development District of the City of Miami, Florida, for the Fiscal Year beginning October 1, 2004 and ending September 30, 2005. Section 3. The DDA is authorized and directed to communicate said proposed millage rate, for the DDA, to the Miami -Dade County Property Appraiser and Tax Collector together with the date, time City of Miami Page 1 of 2 File Id: 04-00791 (Version: 2) Printed On: 9/27/2016 File Number: 04-00791 Enactment Number: R-04-0495 and place at which the Miami City Commission will hold public hearings to consider said millage rate and the DDA tentative budget for said Fiscal Year as follows: September 9, 2004 at 5.05 PM and September 23, 2004, at 5:05 PM in the Commission Chambers at Miami City Hall, 3500 Pan American Drive, Miami, Florida. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.{1} Footnotes: {1} If the Mayor does not sign this Resolution, it shall become effective at the end of ten calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission. City of Miami Page 2 of 2 File Id: 04-00791 (Version: 2) Printed On: 9/27/2016