The URL can be used to link to this page

Home My WebLink AboutSubmittal-Alyce Robertson-Memo from DDA BoardMIAMIDDA DOWNTOWN DEVELOPMENT AUTHORITY Memorandum To: The onorable Ma or e s of the City Commission From: _Alyce M. Robertson, Executive Director Date: July 17, 2015 Re: Proposed DDA Millage Rate for FY 15/16 Items for July 23, 2015 City Commission Meeting Recommendation It is respectfully requested that the City Commission approve the attached Resolution establishing the FY 2015-2016 millage rate for the Downtown Development Authority ("DDA") of the City of Miami, Florida. Background In 1980, the State of Florida Legislature enacted House Bill 4-D entitled "Truth in Millage" (TRIM BILL), which has been incorporated into the Florida Statutes under Section 200. The TRIM BILL also stipulates that the proposed millage rate be submitted to the Property Appraiser and Tax Collector, and included in the City's tax notices mailed to property owners. The City Commission is authorized under Chapter 14 of the City of Miami Code to levy an additional ad valorem tax on all real and personal property in the Downtown Development District, not to exceed 0.475 mills, for the purpose of financing the operations of the DDA. The proposed millage rate for the DDA for the fiscal year beginning October 1, 2015 and ending September 30, 2016 is 0.475 mills, which is lower than last year's millage rate of 0.478. The proposed rate is 13.83 % more than the roll back rate of 0.4173%. The Miami City Commission must also establish the dates and times of the first and second public hearings in connection with the DDA FY 2015-2016 proposed millage rate and budget. As in past years, the DDA's public hearings have been scheduled for the same date as the City's. Budget Highlights The proposed FY 15-16 budget of $8,996,159 represents a 3.9% increase over the previous year, and includes funding for additional projects and enhanced services, including: • DDA contribution towards the Tri-Rail Downtown Miami Link (representing a greater share of our overall budget (7.2%) than any other contributing agency) • Baywalk expansion and enhancements • Staffing and Outreach for "Pit Stop" portable toilet program • Event Traffic Management • Tech initiatives • Enhanced research products Submitted into the public Attachments record for item(s) gE. 2 cc: Victoria Mendez, City Attorney (via email) on 7- 23- 20►3. City Clerk Julia D. Hernandez — Agenda Coordinator Todd Hannon — City Clerk 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 5-G0��-J�bm►t1 UI- Nve ►"'m Oi °°A- go61 I61 Submitted into the public record for item(s) Q. E • 2 on 1. . City Clerk RESOLUTION NO. ..TITLE A RESOLUTION OF THE MIAMI CITY COMMISSION COMPUTING A PROPOSED MILLAGE RATE FOR THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA, FOR FISCAL YEAR BEGINNING OCTOBER 1, 2015 AND ENDING SEPTEMBER 30, 2016; DIRECTING THE EXECUTIVE DIRECTOR TO SUBMIT SAID PROPOSED MILLAGE RATE TO THE MIAMI-DADE COUNTY PROPERTY APPRAISER AND THE TAX COLLECTOR TOGETHER WITH THE DATE, TIME AND PLACE OF THE PUBLIC HEARING AT WHICH THE CITY COMMISSION WILL CONSIDER THE PROPOSED MILLAGE RATE AND THE DDA'S TENTATIVE BUDGET FOR SAID FISCAL YEAR. ..Body WHEREAS, Section 200.065, Florida Statutes (2010) (the "Statute"), sets forth requirements for the "Truth in Millage" ("TRIM") notice and requires each taxing authority to establish a proposed millage rate; and WHEREAS, the Statute stipulates that said proposed millage rate be submitted to the Property Appraiser and the Tax Collector; and WHEREAS, said rate will reflect the levy necessary to fund the Miami Downtown Development Authority's ("DDA") tentative budget other than the portion of the budget to be funded from sources other than ad valorem taxes; and WHEREAS, the proposed millage rate submitted to the Property Appraiser is not binding but is necessary for the purpose of preparation of tax notices; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are hereby adopted by reference thereto and incorporated herein as if fully set forth in this Section. Section 2. The proposed millage rate for the DDA of the City of Miami, Florida, for Fiscal Year beginning October 1, 2015 and ending September 30, 2016, is 0.475 mills, which is 13.83% more than the rolled back rate of 0.4173 mills. Section 3. The Executive Director is hereby directed to submit forthwith said proposed millage rate for the DDA to the Property Appraiser and to the Tax Collector together with the date, time and place at which the City Commission will hold a public hearing to consider the proposed millage rate and the DDA's tentative budget for said fiscal year as follows: September 10th, 2015 at 5:05 P.M. and September 24th, 2015 at 5:05 P.M. in the Commission Chambers at City Hall, 3500 Pan American Drive, Dinner Key, Miami, Florida. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor. {[1]} PASSED AND ADOPTED this day of , 2015. Tomas Regalado, MAYOR ATTEST: Todd B. Hannon CITY CLERK APPROVED AS TO FORM AND CORRECTNESS: Victoria Mendez CITY ATTORNEY �i If the Mayor does not sign this Resolution, it shall become effective at the end of ten calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission. Page 2 of 2 RESOLUTION NO. 13/2015 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, 2015 AND ENDING SEPTEMBER 30, 2016 AT 0.475 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 2015-2016 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, 2015 and ending September 30, 2016 at 0.475 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 17th day ofJuly, 2015. Com Alyce M. A Madelyne S.Utaybourn Secretary to the Board of Directors Board Meeting July 17.2015 Reso#:13/15 obertson, Executive Director Submitted into the public record for item(s) �E • 1 on 1 • '1 3 • IS . City Clerk