HomeMy WebLinkAboutPre-Legislation - Board of DDARESOLUTION NO. 21/2011
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF
MIAMI, FLORIDA, AUTHORIZING THE EXECUTIVE
DIRECTOR TO ESTABLISH A PROPOSED MILLAGE RATE FOR
THE DOWNTOWN DEVELOPMENT DISTRICT OF THE CITY OF
MIAMI, FLORIDA FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 2011 AND ENDING SEPTEMI3ER 30, .2012 AT .5
MILLS.
WHEREAS, Section 200.065(2)(a)1, Florida Statutes (2010) ("Statute"), requires each taxing
authority to establish a proposed millage rate; and
WHEREAS, the Statute stipulates that the proposed millage rate be submitted to the Miami -.Dade
County Property Appraiser and the Tax Collector; and
WHEREAS, the proposed millage rate reflects the levy necessary to realize property tax revenues
anticipated in the Fiscal Year 2011 Budget for the Downtown Development Authority of the City of
Miami ("DDA"); and
WHEREAS, the Statute requires that the proposed tax rate be included on tax notices; and
WHEREAS, the proposed millage rate submitted to the Property Appraiser is not binding but
necessary for the purpose of preparation of tax notices.
NOW THEREFORE, be it resolved by the Board of Directors of the Downtown Development
Authority of the City of Miami, Florida.
Section 1. The recitals are true and correct and are adopted by reference and incorporated as
if fully set forth in this Section.
Section 2. The DDA Board of Directors hereby authorizes the Executive Director to
establish a proposed millage rate for the Downtown Development District of the City of Miami, .Florida
for the Fiscal Year beginning October 1, 2011 and ending September 30, 2012 at .5 mills.
Section 3. The Executive Director of the DDA is instructed to submit said proposed rate for
the Downtown Development District of the City of Miami, Florida to the Miami -Dade County Property
Appraiser and Tax Collector,
PASSED AND ADOPTED this 17 day of June.,201.1.
Alvin West, Treasurer
Alyce Robertson, Execut
ATTEST:
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Madelyna5. Rayboun
Secretary to the Board of Directors
ResnEsiMill Rau:FY 2011-2012