HomeMy WebLinkAboutProposed DDA Board ResoRESOLUTION NO. /2014
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 MILLAGE RATE FOR
THE DOWNTOWN DEVELOPMENT DISTRICT OF THE CITY OF
MIAMI, FLORIDA FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 2014 AND ENDING SEPTEMBER 30, 2015 AT
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 Property 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 2014-2015 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 District of the City of Miami, Florida
for the Fiscal Year beginning October 1, 2014 and ending September 30, 2015 at 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 18th day of July, 2014.
Commissioner Marc Sarnoff, Chairman
Alyce M. Robertson, Executive Director
ATTEST:
Madelyne S. Raybourn
Secretary to the Board of Directors