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HomeMy WebLinkAboutR-24-0313City of Miami Resolution R-24-0313 Legislation City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 16402 Final Action Date: 9/7/2024 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), PROPOSING AN ADDITIONAL TENTATIVE MILLAGE RATE FOR AD VALOREM TAXATION PURSUANT TO SECTION 200.065, FLORIDA STATUTES; DEFINING AND DESIGNATING THE TERRITORIAL LIMITS OF THE DOWNTOWN DEVELOPMENT DISTRICT ("DISTRICT") OF THE CITY OF MIAMI, FLORIDA ("CITY"); LEVYING AN ADDITIONAL AD VALOREM TAX ON ALL REAL AND PERSONAL PROPERTY IN THE DISTRICT AT THE RATE OF 0.4505 MILLS ON THE DOLLAR OF TAXABLE VALUE OF SUCH PROPERTY IN SAID DISTRICT FOR THE PURPOSE OF FINANCING THE OPERATION OF THE DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA ("MIAMI DDA") FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2024, AND ENDING SEPTEMBER 30, 2025; PROVIDING THAT SAID MIAMI DDA TENTATIVE MILLAGE SHALL BE IN ADDITION TO THE MILLAGE ADOPTED BY THE CITY COMMISSION PURSUANT TO ARTICLE VII, SECTION 9 OF THE FLORIDA CONSTITUTION AND SECTION 166.211, FLORIDA STATUTES, AS WELL AS ANY SPECIAL ASSESSMENTS IMPOSED BY THE SAME; PROVIDING THAT THIS RESOLUTION SHALL NOT BE DEEMED AS REPEALING OR AMENDING ANY OTHER RESOLUTION OR ANY ORDINANCE FIXING MILLAGE OR LEVYING TAXES, BUT SHALL BE DEEMED SUPPLEMENTAL AND IN ADDITION THERETO; CONTAINING A SEVERABILITY CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Miami City Commission ("City Commission") pursuant to Chapter 65- 1090, Laws of Florida; Section 189.056, Florida Statutes ("F.S."); and Section 14-60 of the Code of the City of Miami, Florida, as amended ("City Code"), is authorized to levy an additional ad valorem tax on the taxable value of all real and personal property in the Downtown Development District, the boundaries of which are established in Section14-27 of the City Code, attached and incorporated as Exhibit "A" ("District"), not exceeding 0.4956 mills on the dollar valuation of such property for the purpose of financing the operation of the Miami Downtown Development Authority of the City of Miami, Florida ("Miami DDA") as affirmed in Milan Investment Group v. City of Miami, 172 So. 3d 458 (Fla. 3rd DCA 2015); and WHEREAS, on July 1, 2024, the Miami -Dade County Property Appraiser ("Property Appraiser") pursuant to Section 200.065(1), F.S., certified to the Miami DDA the taxable value of property within the territorial limits of the District at $30,067,524,964.00 as set forth in Exhibit "B", attached and incorporated; and WHEREAS, Section 200.065, F.S., sets forth the method of computing, proposing, and fixing a millage rate for ad valorem taxation; and WHEREAS, the Miami DDA prepared a proposed budget for the Fiscal Year beginning October 1, 2024, and ending September 30, 2025 ("FY 24-25"), and computed a tentative City of Miami Page 1 of 3 File ID: 16402 (Revision:) Printed On: 9/16/2024 File ID: 16402 Enactment Number: R-24-0313 millage rate of 0.4505 mills, which is necessary to fund the proposed budget, other than the portion of the Miami DDA's budget to be funded from sources other than ad valorem taxes; and WHEREAS, on July 25, 2024, the City Commission adopted Resolution No. R-24-0279, attached and incorporated as Exhibit "C", wherein it authorized the Chief Executive Officer/Executive Director of the Miami DDA to submit to the Property Appraiser and the Miami - Dade County Tax Collector the tentative millage rate of 0.4505 mills, together with other required information set forth in Section 200.065(2)(b), F.S.; and WHEREAS, Section 200.065(5)(a)(1), F.S., requires that the Miami DDA's now tentative millage rate of 0.4505 mills would further require, at the time of a second public budget hearing, a simple majority vote of the governing body of the City Commission on the final determination to adopt such tentative millage rate as the Miami DDA's final millage; and WHEREAS, Section 200.065(2)(c), F.S., requires the City Commission to hold a first budget public hearing on the proposed budget and the tentative millage rate, and such first budget public hearing has occurred earlier today in this meeting; 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 by reference and incorporated as if fully set forth in this Section. Section 2. There shall be levied an additional ad valorem tax on the taxable value of all real and personal property within the District at a rate of 0.4505 mills on the dollar of the taxable value of such property for the purpose of financing the operation of the Miami DDA for the Fiscal Year beginning October 1, 2024 and ending September 30, 2025. Section 3. The Miami DDA's tentative millage rate herein adopted is 5.7% greater than the rolled -back rate of 0.4262 mills. Section 4. The Miami DDA's tentative millage rate adopted and the ad valorem taxes levied pursuant to this Resolution shall be in addition to the fixing of the tentative millage rate adopted and ad valorem taxes levied by the City Commission, pursuant to Article VII, Section 9 of the Florida Constitution and Section 166.211, F.S., as well as in addition to any special assessments imposed by the same. Section 5. This Resolution shall neither repeal nor amend any other resolution or ordinance adopting tentative millage or levying ad valorem taxes for the FY 24-25 but shall be deemed supplemental and in addition thereto. Section 6. If any section, part of a section, paragraph, clause, phrase, or word of this Resolution is declared invalid, the remaining provisions of the Resolution shall not be affected. Section 7. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.1 1 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) 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 3 File ID: 16402 (Revision:) Printed on: 9/16/2024 File ID: 16402 Enactment Number: R-24-0313 APPROVED AS TO FORM AND CORRECTNESS: ge Wy j ng III, C1ty -ttor -y 8/23/2024 City of Miami Page 3 of 3 File ID: 16402 (Revision:) Printed on: 9/16/2024