Loading...
HomeMy WebLinkAboutLegislation FR/SRr» 14, City of Miami Legislation Ordinance City* ail 3500 fan American Drive 1Viiaeni, ` L 33433 www:miamigov:com File Number: 4)6-01 i61 +Final Action Gate; AN ORDINANCE OF THE 4VIIAMI 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 f 1ILLAGE AND LEVYING TAXES 4N SAID DOWNTOWN DEVELOPMENT DISTRICTFOR THE FISCAL YEAR 'BEGINNING OCTOBER 1, 2006 AND ENDING SEPTEMBER 30, 2007, AT 'FIVE -TENTHS < 5) .MILLS ON THE DOLLAR OF NONEXEMPT ASSESSED VALUE OF ALL REAL AND PERSONAL PROPERTY IN SAID DISTRICT; PROVIDING THAT SAID MILEAGE AND THE LEVYING OF TAXES WITHIN THE TERRITOi4AL LIMITS OF THE CITY AS REFLECTED IN THE C1TY'S MILEAGE 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 MILEAGE OR LEVYING TABS, 'BUT SHALL BE DEEMED'SUPPLEMENTAL AND IN ADDITION THERETO; CONTAINING A REPEALER PROVISION, SEVERABILITY CLAUSE AND PROVIDING FOR AN EFFECTIVE 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, feat and personal, in the Downtown Development District of the City of+Miami ("City") to be $ 8,277;529,771. NOW, THEREFORE, BE IT ORDAINED f3Y THE COMMISSION •Of T*4E CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Ordinance are adopted by reference and incorporated as 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, feat and personal, in the Downtown Development District as described in Section.2 hereof, taxes eta rate shown below for the Fiscal Year beginning 'October 1, 2006 and ending September 30, 2007 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 ("DOA") of the City. City, of A.liami Page 1 of 2 Printed On: 8/28/2006 File Number: 06.01581 Section 4. This proposed pillage rate herein adopted by the governing body exceeds the rotted back rate by 19.88%. This .rate is determined by calculating the percentage increase between** fiscal Year 2006 rolled back -revenue and the fiscal Year 2006 estimated feyemleforttie ODA. Section 5. The fixing of the millage and 4evying of taxes in this Ordinances stall be in addition 4o the fixing of the mittage .and 4evying of taxes within the territorial limits of the City as re#leoted in the millage-levy Ordinance for the aforesaid fiscal year which is required by Section 27 of,the City Charter. Section 6. The fixing of the millage and levying of taxes in the Downtown Devetopment 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, 2006 and ending September 30, 2007 but shall be deemed supplemental and in addition thereto. Section 8. All ordinances or parts -of ordinances insofar as they are inconsistentror 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 thirty (30) days after final feading and adoption thereof. APPROV0 FORM AND RRECTNESS+ `% J a RAGE L. ' ,NANDE CITY ATTO " Y?w Pootrro (1) This Ordinance shall berme effective as specified herein unless vetoed by the Mayor within ten 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 or upon the effective date stated herein, whichever is later. Cio• of Miami' Jag 2 if 2 Printed'On: 8/28/1(106