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HomeMy WebLinkAboutcover memoCITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM The�%Ionorable Ma ' en hers of the r tyJommission Joe rriola Ci Manager Recommendation DATE : SUBJECT: REFERENCES: ENCLOSURES: August 1, 2004 FILE : Proposed DDA FY 04-05 Millage Ordinance For September 9, 2004 City Commission Meeting It is respectfully requested that the City Commission adopt the attached Ordinance establishing the territorial limits the Downtown Development Authority tax District and setting the millage therefore. Background Chapter 14 of the City of Miami Code authorize the City Commission to levy an additional ad valorem tax on all real and personal property within the Downtown Development Authority District, not to exceed five -tenths (.5) mills on the dollar valuation of such property for the purpose of financing the operations of the Downtown Development Authority. Attached is an Ordinance for City Commission approval which establishes the Downtown Development Authority Tax District boundaries, fixes the millage at five -tenths (.5) mills and levies taxes for the Fiscal Year beginning October 1, 2004 and ending September 30, 2005. Encl. AM/dv