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HomeMy WebLinkAboutLegislation FRCity of iami Legislation Ordinance City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 15-01239 Final Action Date: AN ORDINANCE OF THE MIAMI CITY COMMISSION AMENDING CHAPTER 14/ARTICLE II/DIVISION 2 OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, ENTITLED "DOWNTOWN DEVELOPMENT/DOWNTOWN DISTRICT/DOWNTOWN DEVELOPMENT AUTHORITY", MORE PARTICULARLY BY AMENDING SECTIONS 14-59 AND 14-60 ENTITLED, "ANNUAL BUDGET; SOURCE OF FUNDS" AND "ANNUAL AD VALOREM TAX LEVY IN DOWNTOWN DISTRICT; DISPOSITION OF FUNDS", RESPECTIVELY, TO CORRESPOND WITH A CHANGE IN FLORIDA STATUTE; CONTAINING A SEVERABILITY CLAUSE AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Florida Legislature, during the 2015 regular legislative Session, passed Senate Bill 278, which created Section 189.056, Florida Statutes; and WHEREAS, Section 189.056, Florida Statutes, reduced the maximum millage that may be levied on the taxable value of all real and personal property within the boundaries of City of Miami's downtown district to 0.4750 mills; NOW, THEREFORE, BE IT ORDAINED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble of this Ordinance are adopted by reference and incorporated as fully set forth in this Section. Section 2. Chapter 14/Article II/Division 2 of the Code of the City of Miami, Florida, as amended, entitled "Downtown Development/Downtown District/Downtown Development Authority" is further amended in the following particulars: {1} "CHAPTER 14 DOWNTOWN DEVELOPMENT ARTICLE II DOWNTOWN DISTRICT * DIVISION 2 DOWNTOWN DEVELOPMENT AUTHORITY City of Miami Page 1 of 3 File Id: 15-01239 (Version: 1) Printed On: 9/21/2015 File Number: 15-01239 Sec. 14-59. - Annual budget; source of funds. (a) No later than 30 days prior to the date the city commission establishes the millage rate for the city, the executive director shall prepare for the approval of the board a budget for the operation of the downtown development authority for the ensuing fiscal year. The budget shall be prepared in the same manner as required of all departments of the city. When approved by the board it shall not require approval of any officer or body of the city other than the city commission. No funds of the city may be included in the budget of the authority except those funds authorized in this article. (b) The operations of the downtown development authority shall be principally financed from the following sources and such other sources as may be approved by the city commission: (1) Donations to the authority for the performance of its functions. (2) Proceeds of an ad valorem tax, not exceeding 0.4750one half mills per dollar valuation of property in the downtown area designated by the city commission. (1) Money borrowed and to be repaid from other funds received under the authority of this article which shall include federal funds, contributions and funds derived from the millage authorized to be levied under this article. Sec. 14-60. - Annual ad valorem tax levy in downtown district; disposition of funds. The city commission is authorized to levy an additional ad valorem tax on all real and personal property in the downtown district as described in this article, not exceeding 0.4750one half mills on the dollar valuation of such property, for the purpose of financing the operation of the downtown development authority. This levy of 0.4750one half mills per dollar ad valorem tax shall be in addition to the regular ad valorem taxes and special assessments for improvements imposed by the city commission. The tax collector shall transmit funds so collected to the appropriate officer of the city responsible for the handling of the public money who shall deposit the same in the city treasury to the credit of the authority. Such money shall be used for no purpose other than those purposes authorized in this article and, upon approval of the board, pursuant to vouchers signed by a minimum of two authorized signatories of the authority, who shall be the executive director and one member of the board of directors, or two members of the board of directors. The funds of the authority shall be secured as other public funds are secured. Other money received by the authority shall forthwith be deposited in the city treasury to the credit of the authority, subject to disbursement as authorized in this article. The city shall not obligate itself nor shall it ever be obligated to pay any sums from general public funds, or from any public funds other than money received pursuant to section 14-59 for or on account of any of the activities of the authority. *II Section 3. If any section, part of a section, paragraph, clause, phrase or word of this Ordinance is declared invalid, the remaining provisions of this Ordinance shall not be affected. Section 4. This Ordinance shall become effective thirty (30) days after final reading and adoption thereof. {2} APPRO\ €D AS TO FORM AND CORRECTNESS: VICTOf (IA MEND CITY ATTORNEY City of Miami Page 2 of 3 File Id: 15-01239 (Version: 1) Printed On: 9/21/2015 File Number: 15-01239 Footnotes: {1} Words and/or figures stricken through shall be deleted. Underscored words and/or figures shall be added. The remaining provisions are not in effect and remain unchanged. Asterisks indicate omitted and unchanged material. {2} This Ordinance shall become effective as specified herein unless vetoed by the Mayor within ten (10) days from the date it was passed and adopted. If the Mayor vetoes this Ordinance, it shall become effective immediately upon override of the veto by the City Commission or upon the effective date stated herein, whichever is later. City of Miami Page 3 of 3 File Id: 15-01239 (Version: 1) Printed On: 9/21/2015