HomeMy WebLinkAboutMemo - DDA SRSecond Reading Ordinance
M IAM I D
DOWNTOWN DEVELOPMENT AUTHORITY
Memorandum
To:
From:
Date:
Subject:
Re:
The Honorable Mayor and Members of the City Commission
Alyce M Robertson, Executive Director
a /14-10.?4/Y—
Septemer 17, 2012
Miami DDA FY 2012-2013
Establishing Territorial Limits and Setting Millage for FY 2012-2013
For September 27, 2012 City Commission Meeting — 2' Budget Hearing
Recommendation
It is respectfully requested that the City Commission adopt the attached Ordinance establishing the
territorial limits of the Downtown Development Authority independent taxing district and setting the
millage thereof.
Background
Chapter 14 of the City of Miami Code authorizes the City Commission to levy an additional ad
valorem tax on all real and personal property within the Downtown Development District, not to
exceed five -tenths (.5) mills on the dollar valuation of such property for fmancing the operations of
the Miami Downtown Development Authority ("DDA").
Attached is an Ordinance for City Commission approval, which establishes the Downtown
Development District boundaries, fixes the millage at 0.478 mills and levies taxes for the Fiscal Year
beginning October 1, 2012 and ending September 30, 2013.
This item has been adopted by the City Commission on First Reading Ordinance on September 13,
2012.
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