HomeMy WebLinkAboutPrevious Legislation 1RESOLUTION NO. 31/2005
A RESOLUTION OF THE BOARD OF DIRECTORS
OF THE MIAMI 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 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 2006 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 MIAMI DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF
MIAMI, FLORIDA.
31 Est Mill Rate for FY 05.doc, Page I of 2
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Section 1. The recitals are true and correct and are adopted by reference and
incorporated as if fully set forth in this Section.
Section 2. 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, 2005 and ending
September 30, 2006 at .5 mills.
Section 3. 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 17`h day of June, 2005.
ATTEST:
%
andra Hernandez
Secretary to the Board of Directors
31 Est Mill Rate for FY 05.doc, Page 2 of 2
sioner Johnny L. Winton
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Executive Dir ctor