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DOWNTOWN DEVELOPMENT AUTHORITY
Memorandum
To:
From: Dana A. Nottingham
Executive Director
Date: August 13, 2007
Subject: DDA FY 07-08
Millage Ordinance
Re: For September 13, 2007
City Commission Meeting
The Honorable Mayor and Members of the City Commission
Recommendation
It is respectfully requested that the City Commission adopt the attached Ordinance
establishing the territorial limits the Downtown Development Authority tax District and
setting the millage therefore.
Background
Chapter 14 of the City of Miami Code authorizes the City Commission to levy an
additional ad valorem tax on all real and personal property within the Downtown
Development Authority, not to exceed five -tenths (.5) mills on the dollar valuation of
such property of financing the operations of the Downtown Development Authority .
Attached is an Ordinance for City Commission approval which establishes the
Downtown Development Authority Tax District boundaries, fixes the millage at five -
tenths (.5) and levies taxes for the Fiscal Year beginning October 1, 2007 and ending
September 3, 2008.
Encl.
DN/dv
DOWNTOWN DEVELOPMENT AUTHORITY
200 S. Biscayne Boulevard, Suite 2929
Wachovia Financial Center
Miami, Florida 33131
305-579-6675
305-371-2423
vuww.miamidda.com