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HomeMy WebLinkAboutLegislationCity of Miami Legislation Ordinance City Hall 3500 Pan American Drive Miami, FL 33133 www.ci.miami.fl.us File Number: 05-00928a Final Action Date: AN ORDINANCE OF THE MIAMI CITY COMMISSION WITH ATTACHMENT(S), RELATED TO TAXATION, DEFINING AND DESIGNATING THE TERRITORIAL LIMITS OF THE DOWNTOWN DEVELOPMENT DISTRICT OF THE CITY OF MIAMI ("CITY"), FLORIDA; FIXING THE MILLAGE AND LEVYING TAXES IN SAID DOWNTOWN DEVELOPMENT DISTRICT FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2005 AND ENDING SEPTEMBER 30, 2006, AT FIVE -TENTHS (.5) MILLS ON THE DOLLAR OF NONEXEMPT ASSESSED VALUE OF ALL REAL AND PERSONAL PROPERTY IN SAID DISTRICT; PROVIDING SAID MILLAGE AND THE LEVYING OF TAXES WITHIN THE TERRITORIAL LIMITS OF THE CITY AS REFLECTED IN THE CITY'S MILLAGE LEVY ORDINANCE FOR THE AFORESAID FISCAL YEAR REQUIRED BY CITY CHARTER SECTION 27; PROVIDING THAT THE FIXING OF THE MILLAGE AND THE LEVYING OF TAXES HEREIN SHALL BE IN ADDITION TO SPECIAL ASSESSMENTS; PROVIDING THAT THIS ORDINANCE SHALL NOT BE DEEMED AS REPEALING OR AMENDING ANY OTHER ORDINANCE FIXING MILLAGE OR LEVYING TAXES, BUT SHALL BE DEEMED SUPPLEMENTAL AND IN ADDITION THERETO; CONTAINING A REPEALER PROVISION, A SEVERABILITY CLAUSE, AND PROVIDING FOR AN EFFECTIVE IMMEDIATE DATE. WHEREAS, the Tax Assessor of Miami -Dade County, Florida, a political subdivision of the State of Florida, has determined the nonexempt aggregate valuation of taxable property, real and personal, in the Downtown Development District of the City of Miami ("City") to be $ 7,049,278,642; NOW, THEREFORE, BE IT ORDAINED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Ordained are adopted by reference and incorporated as IF fully set forth in this Section. Section 2. For the purpose of this Ordinance, the "Downtown Development District" is defined as that area within the territorial limits of the City as it now exists, with the boundaries thereof being designated in Ordinance No. 10575, adopted April 27, 1989 and more specifically described in "Exhibit A," attached and incorporated. Section 3. There shall be and is levied upon the nonexempt assessed value of all property, real and personal, in the Downtown Development District as described in Section 2 hereof, taxes at a rate shown below for the Fiscal Year beginning October 1, 2005 and ending September 30, 2006, for the following purpose: A tax of Five -tenths (.5) mills on the dollar for the purpose of financing the operation of the Downtown Development Authority ("DDA") of the City. City of Miami Page 1 of 2 Printed On: 8/30/2005 File Number: 05-00928a Section 4. This proposed millage rate herein adopted by the governing body exceeds the rolled back rate by 20.83%. This rate is determined by calculating the percentage increase between the Fiscal Year 2005 rolled back revenue and the Fiscal Year 2005 estimated revenue for the DDA. Section 5. The fixing of the millage and levying of taxes in this Ordinance shall be in addition to the fixing of the millage and levying of taxes within the territorial limits of the City as reflected in the millage-levy Ordinance for the aforesaid fiscal year required by Section 27 of the City Charter. Section 6. The fixing of the millage and levying of taxes in the Downtown Development District, as provided by this Ordinance, shall be in addition to the special assessments for improvements imposed by the City Commission within the territorial limits of the City. Section 7. This Ordinance shall not repeal or amend any other ordinance fixing millage or levying taxes for the Fiscal Year beginning October 1, 2005 and ending September 30, 2006, but shall be deemed supplemental and in addition thereto. Section 8. All ordinances or parts of ordinances insofar as they are inconsistent or in conflict with the provisions of this Ordinance are repealed. Section 9. If any section, part of this section, paragraph, clause, phrase or word of this Ordinance is declared invalid, the remaining provisions of this Ordinance shall not be affected. Section 10. This Ordinance shall become effective immediately upon its adoption and signature of the Mayor.{1} APPROVED AS TO FORM AND CORRECTNESSf/ JORG L.'ERNANDE CITY R TTuRNEY Footnotes: {1} If the Mayor does not sign this Ordinance, it shall become effective at the end of ten calendar days from the date it was passed and adopted. if the Mayor vetoes this Ordinance, it shall become effective immediately upon override of the veto by the City Commission. City of Miami Page 2 of 2 Printed On: 8/30/2005