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HomeMy WebLinkAboutSubmittal-Memo-Substitution For Item RE.19 Change In Legislation• MIAMIDDA DOWNTOWN DEVELOPMENT AUTHORITY Memorandum To: TheHonorable aY o,/ r n Me of the CityCommission GL. i 4 From: -Alyce 1. Robe son, Executive Director Date: July 22, 2011 Subject: Substitution for Item RE.19 Change in Legislation Re: For July 28'h, 2011 City Commission Meeting Please be advised that the item RE.19 scheduled for the July 28th, 2011 Planning & Zoning City Commission Meeting needs to be substituted in its entirety. The 2011 Certification of the Tax Role was received on July 1, 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 SEPTEMBER 30, 2012 AT THE ROLLED -BACK RATE OF .4780 MILLS. SUBMITTED INTO THE PUBLIC RECORD FOR ITEM ONi(as ('L. AMR/msr Attachments cc: Julie O. Bru, City Attorney (via email) Veronica Xiques, Assistant City Attorney (via email) Elvi Gallastegui, 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 /�- u©6-3s - Subm► a1- n1e►y, s,bstfvtor) For Item RC lg edge , Legs, 0 MIAMI-DADE COUNTY OFFICE OF THE PROPERTY APPRAISER JULY 1, 2011 - CERTIFICATION OF TAXABLE VALUE %``'� p'1 ` o.,�« �`�R ,' TAXING AUTORITY 2010 PRELIMINARY TAXABLE VALUE 2011 TAXABLE VALUE BEFORE NEW CONSTRUCTION PERCENT CHANGE NET NEW TAXABLE VALVE 2011 PRELIMINARY TAXABLE VALUE PERCENT CHANGE FROM 2010 01 MIAMI 31,466,457,890 29,824,800,114 -5.22% 527,946,094 30,3522,746:208 -3.54% 011 MIAMI (DDA ) 9,806,624,731 9,550,972,365 -2.61% 1,445,432,330 10,996,404,695 12.13% 02 MIAMI BEACH 22,104,742,947 21,879,497,384 -1.02% 98,792,544 21,978,289,928 -0.57% 0201 MB NORMANDY SHORES 101,983,135 104,041,589 2.02% 370,264 104,411,853 2.38% 03 CORAL GABLES 11,823,977,120 11,775,083,871 -0.41% 95,749,044 11,870.832;915 0.40% 04 HIALEAH 7,750,713,671 7,252,729,846 -6.43% 33,638,708 7,230,3663,554 -5.99% 05 MIAMI SPRINGS 902,535,320 901,445,463 -0.12% 3,796,001 905,241,464 0.30% 06 NORTH MIAMI 2,236,444,714 2,076,531,709 -7.15% 2,245,132 2.078,776,341 -7.05% 07 NORTH MIAMI BEACH 1,806,996,277 1,739,097,708 -3.76% 2,968,256 1,742,065,964 -3.59% 08 OPA-LOCKA 784,617,230 714,313,547 -8.96% 364,113 714,677.060 -8.91% 09 SOUTH MIAMI 1,422,628,241 1,407,519,739 -1.06% 6,255,544 1,413,775,263 -0.62% 10 HOMESTEAD 2,053,845,128 1,841,391,932 -10.34% 33,126,135 1,874,518,067 -8.73% 11 MIAMI SHORES 721,173,823 717,192,654 -0.55% 2,322,837 719,515,491 -0.23% 12 BAL HARBOUR 2,369,002,301 2,340,883,069 -1.19% 2,562,109 2,343,445,173 -1,08% 13 BAY HARBOR ISLANDS 606,645,530 575,644,783 -5 11% 1,455,269 •577,100,052 -4.87% 14 SURFSIDE 1,069,725,255 1,017,141,863 -4.92% 516,411 1,017,658,274 -4.87% 15 WEST MIAMI 310,715,213 295,288,847 -4.96% 551,734 295,840,581 -4.79% 16 FLORIDA CITY 551,033,845 464,845,506 -15.64% 3,770,994 166,616,500 -14.96% 17 BISCAYNE PARK 131,494,615 127,280,142 -3.21% 343,207 127,623,349.. -2.94% 18 EL PORTAL 86,425,622 89,269,396 3.29% 134,815 89 404.211 3.45% 19 GOLDEN BEACH 644,237,679 631,205,659 -2.02% -523,053 �';'"t 662,606 -2.10% 20 PINECREST 3,517,339,939 3,537,303,442 0.57% 14,141,672, 3,551,445,114 0.97% 21 INDIAN CREEK 322,054,646 322,878,864 0.26% -260,739 322,618,125'' 0.17% 22 MEDLEY 1,883,748,562 1,758,673,938 -6.64% 935,960 1,759,609,898- -6.59% 23 N. BAY VILLAGE 691,801,219 644,721,552 -6.81% 69,831 644.791.383 -6.80% 24 KEY BISCAYNE 5.429,760,280 5,499,660,949 1,29% 23,211,698 5,5'22,872,647 1.71% 25 SWEETWATER 331,636,807 301,621,868 -9.05% 901,685,943 1,203.307,611 262.84% 26 VIRGINIA GARDENS 206,513,451 186,354,686 -9.76% 5,399' 186,360,085 -9.76% 27 HIALEAH GARDENS 988,038,063 918,563,871 -7.03% 8,037,657 926,601,528 -6.22% 28 AVENTURA 7,244,606,607 7,257,037,605 0,17% 33,596,714 7.290 634,319 0,64% 291SLANDIA 302,103 303,751 0.55% 0 303.751 0.55% 30 UNINCORPORATED 57,932,471,192 55,409,870,491 -4.35% -648,007,025 54,761,663,166. -5.47% 31 SUNNY ISLES BEACH 5,630,235,847 5,624,026,354 -0.11% 224,053,924 5.848 080,278 3.87% 32 MIAMI LAKES 2,556,808,384 2,458,954,228 -3.83% 16,889,704 2,475,11412,93%' -3.17% 33 PALMETTO BAY 2,389,172,061 2,352,528,093 -1.53% 6,148,028 2.353,676.121 -1.28% 34 MIAMI GARDENS 3,717,102,853 3,427,201,353 -7.80% 39,999,114 3,467,200, 407 -6.72% 35 DORAL 8.923,466,199 8,402,977,903 -5.83% 90,135,726 6,493,113,629 -4.82% 36 CUTLER BAY 1,745,502,655 1,718,041,820 -1.57% 16,765,673 1,734,807.493 TM -0.61% COUNTY -WIDE 192,268,347,808 185,418,771,968 3.56% 1,543,251,369 186,962,023,33.� -2.76% FIRE AND RESCUE 113,692,695,900 109,197,027,952 -3.95% 763,913,281 109.E60.941,233 -3.28% LIBRARY 175,754,250,855 169,722,574,943 -3.43% 1,497,548,457 171,220,123,400 -2.58% SCHOOL BOARD 204,460,619,460 198,210,328,362 -3.06% 1,543,950,015 199,754,273,377 -2.30% S FL WATER MNGT DIST 194,187,972,510 187,177,271,674 -3.61% 1,543,950,015 188,721.221,689 -2.82% FL INLAND NAV DIST 194,187,972,510 187,177,271,674 -3.61% 1,543,950,015 188,721,221,689, -2.82% THE CHILDREN'S TRUST 194,187,972,510 187,177,271,674 -3.61% 1,543,950,015 18,8,7,21,221,689 -2.82% age MIAMIDDA DOWNTOWN DEVELOPMENT AUTHORITY Memorandum To: The Donorable M yorIem . ..of the City Commission L From: 'Alyce Robe son, xecutive Director Date: July 22, 2011 Subject: Proposed DDA Millage Rate for FY 2011-2012 - SUBSTITUTE Re: For July 28th, 2011 City Commission Meeting Recommendation It is respectfully requested that the City Commission approve the attached Resolution establishing the FY 2011-2012 millage rate for the Miami Downtown Development Authority ("DDA") of the City of Miami, Florida. Background In 1980, the State of Florida Legislature enacted 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 a]] real and personal property in the Downtown Development District, not to exceed one-half (.5) mill, for the purpose of financing the operations of the Miami Downtown Development Authority. This millage rate has been the same since the inception of the DDA in 1965. In consideration of extraordinary and unique economic conditions, the Miami DDA voted on July 22, 2011 to recommend a proposed millage rate for the DDA for the Fiscal Year beginning October 1, 2011 and ending September 30, 2012 of .478 mill, which is the roll back rate. The Miami City Commission 'must also establish the dates and times of the first and second public hearings in connection with the DDA FY 2011-2012 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. AMRlmsr Attachments cc: Julie O. Bru, City Attorney (via email) Veronica Xiques, Assistant City Attorney (via email) Elvi Gallastegui, Agenda Office (via email) Submitted Into the public record in connection with item i'E, icy on 'Mir/ Priscilla A. Thompson City Clerk 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 RESOLUTION NO. 30 /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 SEPTEMBER 30, 2012 AT THE ROLLED -BACK RATE OF .4780 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 20] 1 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; and WHEREAS, in consideration of extraordinary and unique economic conditions, the Miami DDA has chosen to not pursue the maximum .5 millage rate it has historically operated under, but will instead operate under the rolled -back rate of .4780 for the upcoming fiscal year. 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 the rolled -back rate of .4780 mills. Section 3. This Resolution shall substitute and render null and void any previously adopted Resolutions of the DDA establishing a proposed millage rate for the Fiscal Year beginning October 1, 2011 and ending September 30, 2012, Section 4. 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 22"' day of July, 2011. ATTEST: Madelyne . Raybourn Secretary to the Board of Directors oner Marc 1 S,T. f, Chairman cC- lyce M. obertson, E ecutive Director 7 Submitted Into the public record in connection with item (4E. /9 on 7121 i Priscilla A. Thompson City Clerk ..Title 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, 2011 AND ENDING SEPTEMBER 30, 2012. ..Body WHEREAS, the Miami City Commission of Miami -Dade County, Florida, on July 28, 2011, adopted Fiscal Year Tentative Millage Rates following a public hearing as required by Florida Statute 200.065; and WHEREAS, the Miami City Commission of the City of Miami of Miami -Dade County, Florida, held a public hearing as required by Florida Statue 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 $10,996,404,695; and WHEREAS, the Miami DDA millage has been 0.5 mill since the inception of the Miami DDA; NOW, THEREFORE, BE IT RESOLVED, BY THE COMMISSION OF THE CITY OF MIANII, 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 establish the following proposed millage rate: is the rolled -back rate. 1. The Fiscal Year 2011-2012 operating millage rate is .478 mills, which 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 ..Footnote Submitted Into the pub" record in connection w th item i E-r9 on 1l,0gi��) A. Thompson City Clerk {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. Submitted Into the p1Jh record in connection � item err• it? on 7/A71 I it x . Thompson- City Clerk: