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DOWNTOWN DEVELOPMENT AUTHORITY
Men
RE.11
To: The onorable ayor n Members of the City Commission
Gt
From: Alyce . Robertso
Interi Executive Director
Date: June 16, 2008
Subject: Proposed DDA Millage Rate for FY 2008-2009
Re: For July 24, 2008 City Commission Meeting
Recommendation
1
It is respectfully requested that the City Commission approve the attached Resolution establishing
the FY 2008-2009 millage rate for the Miami Downtown Development Authority ("DDA") of the
City of Miami, Florida.
Background
In 1980, the State of Florida Legislature enacted the House Bill-4D entitled "Truth in Millage"
("TRIM BILL"), which has been incorporated into the Florida Statutes under Section 200. The
TRIM BILL also stipulates that the proposed millage rate be submitted to the Property Appraiser and
Tax Collector and included in the City's tax notices mailed to property owners.
The City Commission is authorized under Chapter 14 of the City of Miami Code to levy an
additional ad valorem tax on all real and personal property in the Downtown Development District,
not to exceed one-half (1/2) mill, for the purpose of financing the operations of the Miami
Downtown Development Authority.
The proposed millage rate for the DDA for the Fiscal Year beginning October 1, 2008 and ending
September 30, 2009 is .5 mill.
The Miami City Commission must also establish the dates and times of the first and second public
hearings in connection with the DDA FY 2008-2009 proposed millage rate and budget. As in past
years, the DDA's public hearings should be scheduled for the same dates as the City's.
AMR/sh
Attachments
Cc: Julie O. Bru, City Attorney (via email)
Veronica Xiques, Assistant City Attorney (via email)
Elva Gasllastegui-Alonso, Agenda Office (via email)
Miami Downtown Development Authority
200 S. Biscayne Boulevard, Suite 2929
Wachovia Financial Center
Miami, Florida 33131
Tel: 305.579.6675
Fax: 305.371.2423
Web: www.miamidda.com