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City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 07-01095 Final Action Date: 9/11/2007
DISCUSSION OF THE PROPOSED MILLAGE RATE AND TENTATIVE BUDGET
FOR THE DOWNTOWN DEVELOPMENT AUTHORITY.
PERCENTAGE INCREASE IN MILLAGE OVER ROLLED BACK RATE.
RESPONSE THIRTEEN AND 73 PERCENT (13.73%)
SPECIFIC PURPOSE FOR WHICH AD VALOREM TAX REVENUES ARE
BEING INCREASED.
RESPONSE:
PURPOSE: DOWNTOWN ECONOMIC DEVELOPMENT PROGRAMS
COST
$ 537,988.53
100
CITY COMMISSION LISTENS AND RESPONDS TO CITIZENS COMMENTS
REGARDING THE PROPOSED MILLAGE INCREASE AND EXPLAINS THE
REASONS FOR THE INCREASE OVER THE ROLLED BACK RATE.
ACTIONS BY THE CITY COMMISSION:
1.AMEND THE BUDGET, IF NECESSARY
2.RECOMPUTE THE PROPOSED MILLAGE RATE, IF
NECESSARY
3.PUBLICLYANNOUNCE THE PERCENT BY WHICH THE
RECOMPUTED PROPOSED MILLAGE RATE EXCEEDS THE ROLLED BACK
RATE.
4.ADOPT THE TENTATIVE MILLAGE RATE
5.ADOPT THE AMENDED TENTATIVE BUDGET
City of Miami
Page 1 of 1 File Id: 07-01095 (Version: 11 Printed On: 4/7/2017