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MIAMIDDA
DOWNTOWN DEVELOPMENT AUTHORITY
Memorandum
To: Th onorable yor Memb rs o e City Commission
From: lyce %obe son, xecutwe irector
Date: September 13, 2013
Subject: Miami DDA FY 2013-2014
Establishing Territorial. Limits and Setting Millage for FY 2013-2014
Re: For September 26, 2013 City Commission Meeting — 2"d 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 financing 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, 2013 and ending September 30, 2014.
This item has been adopted by the City Commission on First Reading Ordinance on September 12th,
2013.
AMR/msr
Attachments
cc: Julie O. Bru, City Attorney (via entail)
Veronica Xiques, Assistant City Attorney (via entail)
Elvi Gallastegui, Agenda Office (via entail)
Miami Downtown Development Authority
200 S. Biscayne Boulevard, Suite 2929
Wachovia Financial Center
Miami, Florida33131"
Tel: 305.579.6675
Fax: 305.371.2423
Web: www.miamidda.com