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HomeMy WebLinkAboutLegislation - DDA FR/SRRESOLUTION NO. 28/2012 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 MILEAGE RATE FOR THE DOWNTOWN DEVELOPMENT DISTRICT OF THE CITY OF MIAMI, FLORIDA FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2012 AND ENDING SEPTEMBER 30, 2013 AT .478 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 Proper-ty 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 2013 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 Disuict of.the City of Miami, Florida for the Fiscal Year beginning October 1 , 2012 and ending September 30, 2013 at .478 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 20h day of July, 2014 / Mare/D. Sari -toff Chairrnan— -v-3/1/ Alyce M. M. obertson, Executive Director Madelyne S.j&ayhcorn Secretary to the Board of Directors 6-A ResoEstM ill RataY 2012-20 I3.docx