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City of Miami
Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.ci.miami.fl.us
File Number: 06-01122
Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE
DOWNTOWN DEVELOPMENT AUTHORITY ("DDA"), TO LEVY AN ADDITIONAL
AD VALOREM TAX AND TO ESTABLISH A PROPOSED MILLAGE RATE OF
ONE-HALF (1/2) MILL FOR THE DOWNTOWN DEVELOPMENT DISTRICT OF
THE CITY OF MIAMI, FLORIDA, FOR THE FISCAL YEAR BEGINNING OCTOBER
1, 2006 AND ENDING SEPTEMBER 30, 2007; AUTHORIZING AND DIRECTING
COMMUNICATION OF SAID PROPOSED MILLAGE RATE TO THE MIAMI-DADE
COUNTY PROPERTY APPRAISER AND THE TAX COLLECTOR TOGETHER
WITH THE DATES, TIMES AND PLACE OF THE PUBLIC HEARINGS, AS STATED
HEREIN, AT WHICH THE MIAMI CITY COMMISSION WILL CONSIDER THE
PROPOSED MILLAGE RATE AND THE DDA TENTATIVE BUDGET FOR SAID
FISCAL YEAR.
WHEREAS, Section 14-60 of the Code of the City of Miami, Florida, as amended, and General
Law authorize the levy of an additional ad valorem tax on all real and personal property in the
Downtown Development District of the City of Miami ("City") not to exceed one-half (1/2) mill on the
dollar valuation of such property for the purpose of funding the operations of the Downtown
Development Authority ("DDA"); and
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 2007 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 Miami -Dade Property Appraiser is not
binding but necessary for the purpose of preparation of tax notices;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted and
incorporated as if fully set forth in this Section.
Section 2. The DDA is authorized to levy an additional ad valorem tax and to establish a proposed
millage rate of one-half (1/2) mill for the Downtown Development District of the City of Miami, florida,
City of Miami
Page I of 2 Printed On: 6/28/2006
' File Number: 06-01122
for the Fiscal Year beginning October 1, 2006 and ending September 30, 2007.
Section 3. The DDA is authorized to submit forthwith said proposed millage rate for the Downtown
Development District to the Miami -Dade County Property Appraiser and the Tax Collector together
with the dates, times and place at which the Miami City Commission will hold public hearings to
consider said millage rate and the DDA's tentative budget for said Fiscal Year as follows: September
14, 2006 at 5.05 PM and September 28, 2006, at 5:05 PM in the Commission Chambers at Miami City
Hall, 3500 Pan American Drive, Miami, Florida.
Section 4. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor.{1}
APPROVED AS TO FORM AND CORRECTNESS"
J•'G L.NANDEZ
CITY ` • ' NEY
Footnotes:
{1} If the Mayor does not sign this Resolution, it shall become effective at the end of ten calendar days
from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become
effective immediately upon override of the veto by the City Commission.
Ciiy of Miami Page 2 of 2 Printed On: 6/28/2006