HomeMy WebLinkAboutcover memoCITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
TO :
The - inorable Ma d
Me rs of the Ay Commis on
FROM : Joe
City I� anager
DATE :
SUBJECT:
REFERENCES:
ENCLOSURES:
June 01, 2005
Proposed DDA Millage
Rate for FY'2005/06
FILE :
For July 7, 2005
City Commission Meeting
Recommendation
It is respectfully requested that the City Commission approve the attached Resolution
establishing the FY'06 Millage rate for the Downtown Development Authority 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 Statues 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 (1/2) mill, for the purpose of financing the operations of the
Downtown Development Authority.
The proposed millage rate for the DDA for the Fiscal Year beginning October 1, 2005 and ending
September 30, 2006 is .5 mill.
The Miami City Commission must also establish the dates and times of the first and second
public hearings in connection with the DDA FY'05-06 proposed Millage Rate and Budget. As
in past year's the DDA's public hearings should be scheduled for the same dates as the City's.
cc: Jorge L. Fernandez, City Attorney
Priscilla Thompson, City Clerk