HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #16402
Date: 07/19/2024
Commission Meeting Date: 09/07/2024
Requesting Department: Downtown
Development Authority
Sponsored By:
District Impacted:
Type: Resolution
Subject: Approve Proposed Additional Tentative Millage for FY'25 DDA
Purpose of Item:
The Downtown Development Authority of the City of Miami ("Miami DDA") requests that
the City Commission adopt the attached Resolution setting the tentative millage rate
thereof.
Background of Item:
Chapter 14 of the City of Miami Code authorizes the City Commission to levy an
additional ad valorem tax revenue on all real and personal property within the Miami
DDA, not to exceed 0.4956 mills on the dollar valuation of such property for financing
the operations of the Miami DDA.
Attached is a Resolution for the City Commission approval, which fixes the Miami DDA
tentative millage rate at 0.4505 mills and levies taxes for the fiscal year beginning
October 1, 2024 and ending September 30, 2025.
The tentative millage rate is the same as the current year's rate. 5.7% is the current
year tentative rate as a percent change of rolled -back rate (increase) from the 0.4262
mills rollback rate.
Budget Impact Analysis
Item is Related to Revenue
Item has NOT an Expenditure
Item is NOT funded by Bonds
Total Fiscal Impact:
N/A
Downtown Development Authority
Office of Management and Budget
Office of Management and Budget
City Manager's Office
Legislative Division
Office of the City Attorney
Office of the City Attorney
Reviewed B
Christina Crespi
Pedro Lacret
Marie Gouin
Arthur Noriega V
Valentin J Alvarez
Xavier Alban
George K. wysong III
Department Head Review
Budget Analyst Review
Budget Review
City Manager Review
Legislative Division Review
ACA Review
Approved Form and Correctness
Completed
Completed
Completed
Completed
Completed
Completed
Completed
07/19/2024 2:28 PM
07/23/2024 10:56 AM
08/06/2024 8:46 PM
08/07/2024 5:34 PM
08/08/2024 11:11 AM
08/22/2024 2:05 PM
08/23/2024 4:45 PM
City Commission Maricarmen Lopez Meeting Completed 09/07/2024 10:00 AM
Office of the Mayor Mayor's Office Signed by the Mayor Completed 09/07/2024 1:46 PM
Office of the City Clerk City Clerk's Office Signed and Attested by the City Clerk Completed 09/07/2024 1:48 PM
Office of the City Clerk City Clerk's Office Rendered Completed 09/07/2024 1:55 PM
City of Miami
Legislation
Resolution
Enactment Number: R-24-0313
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
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 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.
APPROVED AS TO FORM AND CORRECTNESS:
g III, C y`attor ey j 8/23/2024