HomeMy WebLinkAboutMemo - Miami DDAI Ii-xl iD DA
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Memorandum
To: The onorable M yor • Me , hers of the City Commission
From: Alyce Robe on, xecutive Director
Date: June 1 , 2012
Re:
Items for July 26, 2012 City Commission Meeting
Recommendation
It is respectfully requested that the City Commission approve the attached Resolution
establishing the FY 2012-2013 millage rate for the Downtown Development Authority
("DDA") of the City of Miami, Florida.
Background
In 1980, the State of Florida Legislature enacted House Bill 4-ID 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 all real and personal property in the Downtown
Development District, not to exceed one-half (0.5) mill, for the purpose of financing the
operations of the DDA.
The proposed millage rate for the DDA for the Fiscal Year beginning October 1, 2012
and ending September 30, 2013 is mill, which is % less/more than the roll
back rate of %.
The Miami City Commission must also establish the dates and times of the first and
second public hearings in connection with the DDA FY 2012-2013 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,
AMR/cdl
Attachments
cc: Julie O. Bru, City Attorney (via e-mail)
Veronica Xiques, Assistant City Attorney (via e-mail)
Elvi Gallastegui, Agenda Office (via e-mail)
----Miami-Downtown-Development-Authority Tel: 305.579.6675
200 S, Biscayne Blvd., Suite 2929 Fax: 305.371.2423
Miami, FL 33131 Web: www.miamidda.com