HomeMy WebLinkAboutpre resolution 1RESOLUTION NO. 29/04
A RESOLUTION OF THE BOARD OF DIRECTORS
OF THE DOWNTOWN DEVELOPMENT
AUTHORITY ("DDA") OF THE 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 I, 2004 AND ENDING
SEPTEMBER 30, 2005 AT .5 MILLS.
WHEREAS, Section 200.065(2)(a)1, Florida Statues (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 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 DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI,
FLORIDA.
Section 1. 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, 2004 and ending
September 30, 2005 at .5 mills.
Section 2. 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 18th day of June, 2004.
ssioner Johnny L. Winton
rman
a A. No gh
Executive Director
ATTEST:
\\*-\c_,
Sandra Hernandez
J-
Secretary to the Board of Directors