HomeMy WebLinkAboutreso1RESOLUTION NO.
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 1, 2005 AND ENDING SEPTEMBER 30, 2006.
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 2006 Budget; 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.
Sectionl. The Executive Director of the DDA is hereby authorized to establish
a proposed millage rate for the Downtown Development District of the City of Miami,
Florida for the Fiscal Year beginning October 1, 2005 and ending September 30, 2006 at
.5 mills.
Section 2. The Executive Director of the DDA is instructed to submit said
proposed rate for the Downtown Development District to the Property Appraiser and Tax
Collector.
PASSED AND ADOPTED this day of 2005.
Commissioner Johhny Winton
DDA Chairman
Dana A. Nottingham
Executive Director
ATTEST:
Sandra Hernandez
Secretary to the Board