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HomeMy WebLinkAboutLegislation-SUB) City of Miami Legislation Resolution 5ci 65 11 - . ( / City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 08.00812 Final Action Date: A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY, OF THE CITY OF MIAMI OF MIAMI-DADE COUNTY, FLORIDA, TO ESTABLISH A PROPOSED MILLAGE RATE; ADAPTING THE TENTATIVE LEVYING OF AD VALOREM TAXES FOR THE DOWNTOWN DEVELOPMENT DISTRICT OF THE CITY OF MIAMI, MIIAMI-DADE COUNTY, FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2008 AND ENDING SEPTEMBER 30, 2009. WHEREAS, the Miami City Commission of the City of Miami of Miami -Dade County, Florida ("Miami. City Commission"), on July 24, 2008, adopted Fiscal Year Tentative Millage Rates following a public hearing as required by Florida Statute 200.065; and WHEREAS, the Miami City Commission held a public hearing as required by Florida Statute 200.065; and WHEREAS, the gross taxable value for operating purposes not exempt from taxation within the Miami Downtown Development Authority District of the City of Miami, Miami -Dade County ("DDA"), has been certified by the Miami -Dade County Appraiser to the DDA as $10,187,661,545; 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 is fully set forth in this Section. Section 2. The DDA is authorized to established the following proposed millage rate: 1. The Fiscal Year 2008-2009 operating millage rate is .5 mills, which is greater than the rolled -back rate of .4806 mills by 4.04%. 2. The voted debt service millage is 0. Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.{1) APPROVED AS TO FORM AND CORRECTNESS: JULIE O. BRU CITY ATTORNEY ; ' 06 -49°g/Z-Le iSicAt©in-SUO SUBMTTED INTO THE PUBLIC RECORD FOR ITEM ire a ON 74y.oY. City of :Viand Page 1 of 2 Printed On: 7/24/2008 Fife Number: 08-00812 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. THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT Co, of Miami Page 2 of 2 Printed On: 7/24/2008 SUBSTITUTED City of Miami Legislation Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File umber: 08-00812 Final Action Date: A R OLUTION OF THE - ,,A MI CITY COMMISSION AUTHO 1,`ING THE MIAMI DOW OWN DEVELOPMENT AUTHORITY, OF THE CITY OF MIAMI OF MIAMII-r A, DE COUNTY, FLORIDA, TO ESTABLISH A PROPOSED MiLLAGE RATE; A r • PTING THE TENTATIVE LEVYING OF AD VALOREM TAXES FOR THE DOW OWN DEVELOPMENT DISTRICT OF THE CITY OF MIAMI, MiAMI-DADE OUNTY, FOR T l„'t= FISCAL YEAR BEGINNING OCTOBER 1, 2008 AND ENDING PTEMBER 30, 2009. WHEREAS, the Miami City Commission of the City of Miami of Miami -Dade County, Florida ("Miami City Commission"), on JuI 24, 2008, adopted Fiscal Year Tentative Millage Rates following a public hearing as required by Florida'tatute 200.065; and 'ti WHEREAS, the Miarni City Comm ,ion held a public hearing as required by Florida Statute 200.065; and WHEREAS, the gross taxable value for oraating purposes not -exempt from t ax-son within „-_. Miami Downtown Development Authority District b the City of Miami, Miami-Dscie County ("DDA"), has been certified by the Miami -Dade County Appraiser\o the DDA as $10,195,000,0a0; NOW, THEREFORE, BE IT RESOLVED, BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Pre. <mble to this Resolution are adopted and incorporated is fully set forth in this Section. Section 2. The DDA is authorized to established the following 'oposed millage rate: 1. The Fiscal Year 2008-2009 operating millage rate is . rolled -back rate of .4818 mills by 4.92%. 2. The voted debt service millage is 0. ills, which is greater than the Section 3. This Resolution shall become effective immediately upon its a, option and signature of the Mayor.{1} APPROVED AS TO FORM AND CORRECTNESS: JULIE O. U CITY ATTORNEY M City of Miami Page I of 2 Printed On: 7/9/2 SUBSTITUTED Fie 7 a1mber. O&00812 sotnr, :er i e Mayor does not sign this Res& :ion, it shall become effective at the end of ten calendar days from th ate it was passed and adopted, d. If the N or vetoes s this Resolution, it shall become effective s media teiV upon override of the ,,e,,o by the City Commission. City % S s a. aei Page 2 of 2 Printed On: 7/912008