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City of Miami
Legislation
Resolution
-7- 41.-y-0ff
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; ADOPTING THE TENTATIVE LEVYING OF AD VALOREM TAXES FOR
THE DOWNTOWN DEVELOPMENT DISTRICT OF THE CITY OF MIAMI,
MIAMI-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
City of Miami
Page 1 of2 Printed On: 7/24/2008
File 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.
City of Miami Page 2 of 2 Printed On: 7/24/2008