HomeMy WebLinkAboutMemo - DDA SRSECOND READING ORDINANCE
IAMIDDA
DOWNTOWN DEVELOPMENT AUTHORITY
Memorandum
To:
The Honorable Mayor nd Me
CA- 444
From: .,Alyce 1 . Robe son, Executive Director
Date: September 12, 2014
bers of the City Commission
Subject: Miami DDA FY 2014-2015
Establishing Territorial Limits and Setting Millage for FY 2014-2015
Re: For September 23, 2014 City Commission Meeting — 2nd 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, 2014 and ending September 30, 2015.
This item has been adopted by the City Commission on First Reading Ordinance on September 9,
2014.
AMR/msr
Attachments
cc: Victoria Mendez, City Attorney (via email)
Warren Bittner, Deputy Emeritus (via email)
Julia Hernandez, Agenda Coordinator (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