HomeMy WebLinkAboutCover Memo6-oU
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
TO :
FROM :
The Honorable Mayor and
Members of the City mission
Joe Iola
CityManager
DATE
SUBJECT:
REFERENCES:
ENCLOSURES:
June 12, 2006
Proposed DDA Millage
Rate for FY'2006/07
FILE :
For July 13, 2006
City Commission Meeting
Recommendation
It is respectfully requested that the City Commission approve the attached Resolution
establishing the FY'07 Millage rate for the Downtown Development Authority of the City of
Miami, Florida.
Background
In 1980, the State of Florida Legislature enacted House Bi11-4D 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
additional ad valorem tax on all real and
District, not to exceed one-half (1/2) mill,
Downtown Development Authority.
Chapter 14 of the City of Miami Code to levy an
personal property in the Downtown Development
for the purpose of financing the operations of the
The proposed millage rate for the DDA for the Fiscal Year beginning October 1, 2006 and
ending September 30, 2007 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'06-07 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