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Home My WebLink AboutExhibit BEXHIBIT B Miami City Commission Resolution No. R-16-0366, adopted July 29, 2016 City of Miami Master Report Enactment Number: R-16-0366 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 16-00924 Version: 1 File Type: Resolution Status: Passed Reference: Controlling Body: Office of the City Clerk File Name: Computing Millage Rate for FY'17 - DDA Introduced: 6/21/2016 Requester: Downtown Development Authority Cost: Final Action: 7/29/2016 Title: A RESOLUTION OF THE MIAMI CITY COMMISSION COMPUTING A PROPOSED MILLAGE RATE FOR THE MIAMI DOWNTOWN DEVELOPMENT AUTHORfTY ("DDA"), FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2016 AND ENDING SEPTEMBER 30, 2017; DIRECTING THE EXECUTIVE DIRECTOR 'TO SUBMIT SAID PROPOSED MILLAGE RATE TO THE MIAMI-DADE COUNTY PROPERTY APPRAISER AND THE TAX COLLECTOR TOGETHER WITH THE DATES, TIMES 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. Sponsors: Notes: Indexes: Attachments: 16-00924 Memo - Miami Downtown Development.pdf,16-00924 DDA Resolutions.pdf,16-00924 Back -Up Documents.pdf,16-00924 Back -Up from Law Dept.pdf,16-00924 Legislation.pdf, History of Legislative File Version: Acting Body: Date: Action: Sent To: Due Date: Return Date: Result: Office of the City 7/19/2016 Reviewed and Attorney Approved City Commission 7/29/2016 ADOPTED Office of the Mayor 8/8/2016 Signed by the Mayor Office of the City Clerk 1 Office of the City Clerk 8/8/2016 Signed and Attested by City Clerk Pass City of Miami Page t Printed on 8/25/2016 City of Miami Legislation Resolution: R-16-0366 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 16-00924 Final Action Date: 7/29/2016 A RESOLUTION OF THE MIAMI CITY COMMISSION COMPUTING A PROPOSED MILLAGE RATE FOR THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY ("DDA"), FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2016 AND ENDING SEPTEMBER 30, 2017; DIRECTING THE EXECUTIVE DIRECTOR TO SUBMIT SAID PROPOSED MILLAGE RATE TO THE MIAMI-DADE COUNTY PROPERTY APPRAISER AND THE TAX COLLECTOR TOGETHER WITH THE DATES, TIMES 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. WHEREAS, Section 200,065, Florida Statutes (2016), sets forth the method for fixing a millage rate; and WHEREAS, on July 1, 2016, the Miami -Dade County Property Appraiser ("Property Appraiser"), pursuant to Section 200.65(1), Florida Statutes (2016), certified to the Miami Downtown Development Authority ("DDA") the taxable value within the DDA's jurisdiction; and WHEREAS, prior to levying a millage, the DDA is required to prepare a tentative budget and to compute a proposed millage rate necessary to fund the tentative budget other than the portion of the budget to be funded from sources other than ad valorem taxes; and WHEREAS, the DDA, within thirty-five (35) days of certification of the taxable value, must advise the Property Appraiser of its proposed millage rate, the rolled back rate, and the dates, times and place at which public budget hearings will be held to consider the proposed millage and the tentative budget; and WHEREAS, the proposed millage rate submitted to the Property Appraiser is not binding but is necessary for the purpose of preparing the Notice of Proposed Property Taxes, commonly referred to as the "TRIM notice"; 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 DDA's rolled back rate is 0.4254 mills, Section 3. A proposed millage rate for the DDA for the Fiscal Year beginning October 1, 2016 and ending September 30, 2017, is 0.4681 mills, which is 10.04% more than the rolled back rate. City ofMiami Page 1 of 2 File Id: 16-00924 (Version: 1) Printed On: 8/25/2016 File Number: 16-00924 Enactment Number: R-16-0366 Section 4. The Executive Director is hereby directed to submit forthwith the rolled back rate and the proposed millage rate for the DDA to the Property Appraiser and to the Miami -Dade County Tax Collector together with the dates, times and place at which the City Commission will hold public hearings to consider the proposed millage rate and the DDA's tentative budget for said fiscal year as follows: September 6, 2016 at 5:05 P.M. and September 20, 2016 at 5:05 P.M. in the Commission Chambers at City Hall, 3500 Pan American Drive, Dinner Key, Miami, Florida. Section 5. This Resolution shall become effective immediately upon its adoption and signature of the Mayor. {1} Footnotes [1] If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) 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. City of Miami Page 2 of 2 File Id: 16-00924 (Version: 1) Printed On: 8/25/2016 MIAMIDD DOWNTOWN PEYELONAENT AUTHORITY Memorandum To: Honorable Mayyinct embers of the City Co mission ex 11 74-174'' From: 4Jyee ]t Robertson Exec ve Director Date: July 15, 2016 Re: tents for jolly 29, 2016 City Commission Meeting Recommendatim ft is respectfully requested that the City Commission approve the attached Resolution establishing the FY 2016.-2017 millage rate for the Downtown Development Authority ("DDA") of the City of Miami, Florida. Rackgrond In 1980, the State of Florida Legislature enacted House Bill 4-D entitled "Truth in Millage" (TRIM BILL), which has boon incorporated into the Florida Statutes under Section 200, The TRIM BILL •also Stipulates that the proposed inillage rate bo .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 mill, for the purpose of financing the operations of the ODA, The proposed millage rate for the DDA for the fiscal year beginning October 1, 2016 and ending September 30, 2017 is 04681 mill, which is 10.04% more than the roll back rate of 0,4254 mill, The Miami City Commission must also establish the dates and times of the first and second public hearings In connection with the DDA FY 2016-2017 proposed millage rate and budget. As in past years, the DDA' s public hearings should bo scheduled for the same date as the City's. AMR/0M Attachments cc: Victoria Mendez, City Attorney (via email) Ana Medina, Agenda Coordinator (via email) Todd Hannon, City Clerk (via mail) Miami Downtown Development Authority 200 S, Biscayne Boulevard, Suite 2929 Miami, Florida 33131 Tel: 305,579.5675 Fax: 305,371,2423 Web: www.mlamidda.00m RESOLUTION NO. _19/20:1: A :RESOLUTION OF TIM BOARD OF DIRECTORS Or THE DOWNTOWN DEVELOPMENT_AUTHORITY UTHORITY _OF THE -CITY -OF - MTAMI, FLORIDA, AUTHORIZING TI-IB EXECUTIVE DIRECTOR TO ESTABLISH A PROPOSED MELAGE RATE FOR THE DOWNTOWN DEVELOPMENT DISTRICT" OF THE CITY OF MIAMI, FLORIDA FOR. THE FISCAL YEAR. BEGINNING OCTOBER 1, 2016 AND ENDING SEPTPM3ER 30, 2017' AT 0.4681. MILLS, WHEREAS, Section 200.065(2)(a)1, Florida Statutes (2010) ("Statute), redulres each taxing authority to establish a proposed milla;go rate;. and WHEREAS, the Statute stipulates that the proposed nrlillage rate be submitted to the Miami -Dade County Property Appraiser and the Tax Collector; and WI-3ERBAS, the proposed niillage rate reflect the levy necessary to realize properly tax revenues anticipated in the Fiscal Year 2016-2017 l3udget 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 tillage rate submitted to the Property Appraiser is not binding but necessary for the purpose of preparation of tax notices. NOW THEREFORE, bo it resolved by the I3oard of Directors of the Downtown Development Authority of the City of Miami, Florida Section 1, The.reoitals 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 rnillage rate for the Downtown Development Distilet of the City of Miami, Florida for the Fiscal Year beginning October 1, 2016 and ending September 30, 2.017 at 0'.4681, mills, Section 3, The Executive Director of the DDA is instructed tosubmit said proposed rate for the Downtown Development District of the City of Miami, Florida to the Miami-Da.de County Property Appraiser and Tax.Colleotor, PASSED AND ADOPTED this 156 day of ATTEST; Kerry . aravi a So Lary to the Board of Directors sly, 2016, ✓'" Alyee M. Ro orison, Executive Directo RESOLUTION NO. 20/Z016 A REsownoN OF THE BOARD OF DIRECTORS OP THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY ("DDA") OF TIM CITY OF MIAIVII, FLORIDA, APPROVING THE PRELIMINARY ANNUAL BUDGET OF THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2016 AND ENDING SEPTEMBER 30, 2017, REQUESTING TEAT THE MIAMI CITY COMMISSION ESTABLISH THE IMILLAGE TO SUPPORT THE FINANCIAL REQUIREMENTS OF THE BUDGET; AUTHORIZING THE EXECUTIVE DIRECTOR OF THE MIAMI DOWNTOWN .DEVELOPIMENT AUTHORITY TO EXPEND FUNDS POR THE BUDGET; DIRECTING THE EXECUTIVE DIRECTOR TO FILE A DETAILED STATEMENT OF THE PROPOSED EXPENDITURES AND ESTIMATED REVENUES FOR TDB FISCAL YEAR BEGINNING OCTOBER I, 2016 AND ENDING SEPTEMBER 30, 2017 WITH THE CITY CLERK OF THE CITY OF MTAMI AFTER ADOPTION AND ESTABLISHMENT OF THE IVELLLACiE BY THE MIAMI CITY COMMISSION; AND FURTHER PROVIDING THAT A COPY OF THIS REsoEuTroN BE FILED WITH THE CITY 'CLERK OF THE CITY OF MIAML WHEREAS, the Miami Downtown Development Authority (DDA) of tho City of Miami, Florida. haa prepared a. preliminary budget for the Fiscal Yoar beginning •October 1., 2016and ending September 30, 2017; and WHEREAS, the Board of Directors of the DDA has roviowed said budget, said budget being based on the Estimated Tax Roll provided by Miam1-Dade County; and WHEREAS, the Board of Direotoi's of the DDA finds that the proposed budget is necessary in order to further the objectives •of the Downtown Development Authority, as authorized by City Ordinance, NOW THEREFORE, be it resolved by the Board of Directors of the Miarni Downtown Development Authority of the City of Mfaini, 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, Tho preliminary budget of the DDA, as. submitted by • the Exeoutive Director, is made part of this Resolution •and is hereby approved and Shall be known as the "Annual Budget ofthe Miami Downtown Development Authority:. Fiscal Year October 1., .2016 thro-ugh September 30, 2017". Section 3. The • following appropriations for the Fiscal Year beginning October .1, 2016 and ending September -30, 2017 :are hereby made for tho purpose of financing the operation and other legal and proper purposes of the Miarn1 Downtown Development Authority of the City of Miami, Florida, to wit; cstNGRAL'UND Dftl TOTAL ALL PUNDS Revenue Sources Ad Valorem Tex Levy 7,923/1180 7,923,880 Total Sources 7,94830 7,923,5B0 Fund.Bulancas/Reserves 1,140,270 1,140,270 Downtown Development Regional Impact (DRI) funds 190,030 150;00D' Total RovenUos and Balances 9,064,100 $50;000 9,214100 Use Of Finds, Leadership, Advocacy & Operations 1,116,700 3,119,700 Arts, Culture At 2ntertelnment 1,000,450 1,030,450. Business Development & Marketing 1,065,990 1,999,950 Quality of llfo 2,392,900 2,99240 Urban Pleeumaldng 1,191,600 1,191,600 Transit, Connx tIvIty & Mobility 1,066,900 1,066,600 7rl-Kell Downtown Link 600,000 900,000 Subtotal 9,064,100 9,00'4,100 FundBalanoes/Reserves Downtown Development Reglonel Impact (Mill lxpendCturas 150,000 ,00,000 Total' Uses 9,064100 150,000 9,214,100 Section 4.. The- Commission of the.. City of Miami is requested to adopt said preliminary budget and. establish the millage, authorized by law, to support the- financial requirements this budget, Section 5. The Executive Director of the Miami Downtown Development Authority is authorized to expend funds, including new salary rates, as provided in said budget, after adoption and establishment of rho millage by the Miaini City Commission, upon the first day of the 2016-2017 Fiscal Year, October 1, 2016:, Section 6. The Executive Director of the DDA is. directed to prepare and file with the City Clerk of the City of Miami, Florida detailed statement of the proposed expenditures and estimated revenues for the Fiscal Year 2016.201.7,. which shall be entitled "Atamual. Bud et ctf.ilae Miami Downtown Development Authority: Fiscal Year October 1, 2016 through September 30,. 2017", Section 7, A copy of this Resolution and the attadluneiit shall be filed with the City Clerk of the City of Miami, Florida after adoption of the millage by the City of Miami Cotnrnission. PASSED AND ADOPTED this t5° day ably, 2016, lyoo Robertson, Executive Director ATTEST 'Kar Secre ry to the .Board of theDirectors CERTIFICATION OF TAXABLE VALUE FLORIDA Reset Form Print Form DR-420 R. 5/12 Rule 12D-16.002 Florida Administrative Code Effective 11/12 Year: 2016 County: MIAMI-DADE Principal Authority: Dade Co. Downtown Dev. Authority Taxing Authority: DADE CO DOWNTOWN DEV AUTH SECTION I : COMPLETED BY PROPERTY APPRAISER 1. Current year taxable value of real property for operating purposes $ 15,674,018,974 (1) 2. Current year taxable value of personal property for operating purposes $ 1,006,821,449 (2) 3. Current year taxable value of centrally assessed property for operating purposes $ 906,321 (3) 4. Current year gross taxable value for operating purposes (Line 1 plus Line 2 plus Line 3) $ 16,681,746,744 (4) 5. Current year net new taxable value (Add new construction, additions, rehabilitative improvements increasing assessed value by at least 100%, annexations, and tangible personal property value over 115% of the previous year's value. Subtract deletions.) $ 356,021,949 (5) 6. Current year adjusted taxable value (Line 4 minus Line 5) $ 16,325,724,795 (6) 7. Prior year FINAL gross taxable value from prior year applicable Form DR-403 series $ 14,836,077,075 (7) 8' Does the taxing authority include tax increment financing areas? If yes, enter number of worksheets (DR-420TIF) attached. If none, enter 0 ❑ YES Number o (8) ,/ NO 9. Does the taxing authority levy a voted debt service millage or a millage voted for 2 years or less under s. 9(b), Article VII, State Constitution? If yes, enter the number of DR-420DEBT, Certification of Voted DebtMillage forms attached. If none, enter 0 YES Number 0 (9) ® NO SIGN HERE Property Appraiser Certification I certify the taxable values above are correct to the best of my knowledge. Signature of Property Appraiser: Electronically Certified by Property Appraiser Date : 7/1/2016 10:15 AM SECTION II : COMPLETED BY TAXING AUTHORITY If this portion of the form is not completed in FULL your taxing authority will be denied TRIM certification and possibly lose its millage levy privilege for the tax year. If any line is not applicable, enter -0-. 10. Prior year operating millage levy (If prior year millage was adjusted then use adjusted millage from Form DR-422) 0.4681 per $1,000 (10) 11. Prior year ad valorem proceeds (Line 7 multiplied by Line 10, divided by 1,000) $ 6,944,768 (11) 12 Amount, if any, paid or applied in prior year as a consequence of an obligation measured by a dedicated increment value (Sum of either Lines 6c or Line 7a for all DR-420TIF forms) $ 0 (12) 13. Adjusted prior year ad valorem proceeds (Line 11 minus Line 12) $ 6,944,768 (13) 14. Dedicated increment value, if any (Sum of either Line 6b or Line 7e for all DR-420TIF forms) $ 0 (14) 15. Adjusted current year taxable value (Line 6 minus Line 14) $ 16,325,724,795 (15) 16. Current year rolled -back rate (Line 13 divided by Line 15, multiplied by 1,000) 0.4254 per $1000 (16) 17. Current year proposed operating millage rate 0.4681 per $1000 (17) 18 Total taxes to be levied at proposed millage rate (Line 17 multiplied by Line 4, divided by 1,000) $ 7,808,726 (18) Continued on page 2 DR-420 R. 5/12 Page 2 19.TYPE of principal authority (check one) C County Municipality ✓ Independent Special District Water Management District (19) 20. Applicable taxing authority (check one) ✓ P Principal Authority MSTU s Dependent Special District Water Management District Basin (20) 21. Is millage levied in more than one county? (check one) I I Yes ✓ No (21) DEPENDENT SPECIAL DISTRICTS AN MSTUs;' STOP STOP II RE SIGN ANC) SUBMIT 22,Enter the total adjusted prior year ad valorem proceeds of the principal authority, all dependent special districts, and MSTUs levying a millage. (The sum of Line 13 from all DR-420 forms) $ 6,944,768 (22) 23. Current year aggregate rolled -back rate (Line 22 divided by Line 15, multiplied by 1,000) 0.4254 per $1,000 (23) 24. Current year aggregate rolled -back taxes (Line 4 multiplied by Line 23, divided by 1,000) $ 7,096,415 (24) 25. Enter total of all operating ad valorem taxes proposed to be levied by the principal taxing authority, all dependent districts, and MSTUs, if any. (The sum of Line 18 from all DR-420 forms) $ 7,808,726 (25) 26.Current year proposed aggregate millage rate (Line 25 divided by Line 4, multiplied by 1,000) 0.4681 per $1,000 (26) 27. Current year proposed rate as a percent change of rolled -back rate (Line 26 divided by Line 23, minus 1, multiplied by 100) 10.04 % (27) First public budget hearing Date : 9/8/2016 Time : 5:05 PM EST Place : Miami City Hall. 3500 Pan American Drive. Miami, FL 33133 1 G N H E R E Taxing Authority Certification I certify the millages and rates are correct to the best of my knowledge. The millages comply with the provisions of s. 200.065 and the provisions of either s. 200.071 or s. 200.081, F.S. Signature of Chief Administrative Officer: Electronically Certified by Taxing Authority Date : 7/15/2016 12:21 PM Title: ALYCE M. ROBERTSON, EXECUTIVE DIRECTOR Contact Name and Contact Title: CAROLINA LONDONO, MANAGER, ACCOUNTING AND FINANCE Mailing Address : 200 S, BISCAYNE BLVD, STE 2929 Physical Address : 200 S. BISCAYNE BLVD., SUITE 2929 City, State, Zip : MIAMI, FL 33131 Phone Number : (305)579-6675 Fax Number: (305)371-2423 Instructions on page 3 FLORIDA 'Reset Form,.,,., MAXIMUM MILLAGE LEVY CALCULATION PRELIMINARY DISCLOSURE For municipal governments, counties, and special districts Prin: Form DR-420MM-P R.5/12 Rule 12D-16.002 Florida Administrative Code Effective 11/12 Year: 2016 County: MIAMI-DADE Principal Authority: Dade Co. Downtown Dev. Authority Taxing Authority: DADE CO DOWNTOWN DEV AUTH 1 Is your taxing authority a municipality or independent special district that has levied ad valorem taxes for less than 5 years? Yes I I No (1) IF YES, STOP STOP HERE. SIGN AND SUBMIT. You are not subject to a millage limitation. 2. Current year rolled -back rate from Current Year Form DR-420, Line 16 0.4254 per $1,000 (2) 3. Prior year maximum millage rate with a majority vote from 2015 Form DR-420MM, Line 13 0,4255 per $1,000 (3) 4. Prior year operating millage rate from Current Year Form DR-420, Line 10 0,4681 per $1,000 (4) If Line 4 is equal to or greater than L►ip to Line 11 r If less, Ontlnue to l.1ne 5, Adjust rolled -back rate based on prior year majority -vote maximum millage rate 5. Prior year final gross taxable value from Current Year Form DR-420, Line 7 $ 0 (5) 6 Prior year maximum ad valorem proceeds with majority vote (Line 3 multiplied by Line 5 divided by 1,000) $ 0 6 ( ) 7 Amount, if any, pald or applied in prior year as a consequence of an obligation measured by a dedicated increment value from Current Year Form DR-420 Line 12 $ 0 (7) 8. Adjusted prior year ad valorem proceeds with majority vote (Line 6 minus Line 7) $ 0 (8) 9. Adjusted current year taxable value from Current Year form DR-420 Line 15 $ 0 (9) 10. Adjusted current year rolled -back rate (Line 8 divided by Line 9, multiplied by 1,000) 0,0000 per $1,000 (10) Calculate maximum millage levy 11. Rolled -back rate to be used for maximum millage levy calculation (Enter Line 10 if adjusted or else enter Line 2) 0.4254 per $1,000 (11) 12. Adjustment for change in per capita Florida personal income (See Line 12 Instructions) 1.0375 (12) 13. Majority vote maximum millage rate allowed (Line 11 multiplied by Line 12) 0.4414 per $1,000 (13) 14. Two-thirds vote maximum millage rate allowed (Multiply Line 13 by 1.10) 0.4855 per $1,000 (14) 15. Current year proposed millage rate 0.4681 per $1,000 (15) 16. Minimum vote required to levy proposed millage: (Check one) (16) a. Majority vote of the governing body: Check here if Line 15 is less than or equal to Line 13. The maximum millage rate is equal to the majority vote maximum rate. Enter Line 13 on Line 17. b. Two-thirds vote of governing body: Check here if Line 15 is less than or equal to Line 14, but greater than Line 13. The n maximum millage rate is equal to proposed rate. Enter Line 15 on Line 17, c. Unanimous vote of the governing body, or 3/4 vote if nine members or more: Check here if Line 15 is greater than Line 14. The maximum millage rate is equal to the proposed rate. Enter Line 15 on Line 17. d. Referendum: The maximum millage rate is equal to the proposed rate, Enter Line 15 on Line 17. 17. The selection on Line 16 allows a maximum millage rate of (Enter rate indicated by choice on Line 16) 0.4681 per $1,000 (17) 18. Current year gross taxable value from Current Year Form DR-420, Line 4 $ 16,681,746,744 (18) Continued on page 2 Taxing Authority : DADE CO DOWNTOWN DEV AUTH DR 420MM P R. 5,12 Page 2 19. Current year proposed taxes (Line 15 multiplied by Line 18, divided by 7,000) $ 7,808,726 (19) 20.Total taxes levied at the maximum millage rate (Line 17multiplied by Line 78, divided by 1,000) $ 7,808,726 (20) DEPENDENT SPEC! I. DISTRICTs AND 1VAss; 5TgP STOP `HE,RE. SIGN AND:SUBM!T 21. Enter the current year proposed taxes of all dependent special districts & MSTUs levying a millage . (The sum of all Lines 19 from each district's Form DR-420MM-P) $ 0 (21) 22. Total current year proposed taxes (Line 19 plus Line 21) $ 7,808,726 (22) Total Maximum Taxes 23. Enter the taxes at the maximum millage of all dependent special districts & MSTUs levying a millage (The sum of all Lines 20 from each district's Form DR-420MM-P) $ 0 (23) 24. Total taxes at maximum millage rate (Line 20 plus Line 23) $ 7,808,726 (24) Total Maximum Versus Total Taxes Levied 25. Are total current year proposed taxes on Line 22 equal to or less than total taxes at the maximum millage rate on Line 24? (Check one) � I r i YES NO (25) S G N H E R E Taxing Authority Certification I certify the millages and rates are correct to the best of my knowledge. The millages comply with the provisions of s. 200.065 and the provisions of either s. 200.071 or s. 200.081, F.S. Signature of Chief Administrative Officer : Electronically Certified by Taxing Authority Date : 7/15/2016 12:21 PM Title : ALYCE M. ROBERTSON, EXECUTIVE DIRECTOR Contact Name and Contact Title : CAROLINA LONDONO, MANAGER, ACCOUNTING AND FINANCE Mailing Address : 200 S. BISCAYNE BLVD, STE 2929 Physical Address : 200 S. BISCAYNE BLVD., SUITE 2929 City, State, Zip: MIAMI, FL 33131 Phone Number; (305)579-6675 Fax Number: (305)371-2423 Complete and submit this form DR-420MM-P, Maximum Millage Levy Calculation -Preliminary Disclosure, to your property appraiser with the form DR-420, Certification of Taxable Value. Instructions on page 3 MAXIMUM IVICILLAGE LEVY CALCULATION PRELIMINARY DISCLOSURE INSTRUCTIONS General Instructions Each of the following taxing authorities must :complete a DR-420MM-P; County Municipality o Special district dependent to a county or municipality ,:County MSTU 'Independent special district, including water management districts , Water management district basin Voting requirements for tillages adopted by a two-thirds or a unanimous vote are based on the full .membership of the governing body, not on the number of members present at the time of the vote, This form calculates the maximum tax levy for 2016 &lowed under s. 200.065(5),.F.S, Counties and municipalities, Including dependent special districts and MSTUs, which adopt a tax levy at the final hearing higher than allowed under's. 200,065, F.S., 'may be subject to the loss of their half -cent sales taxdistribution, DR-420MM-P shows the preliminary maximum mIllages and taxes levied based on your proposed adoption vote. Each taxing authority must complete, sign, and submit this form to their property appraiser with their completed DR-420, Certification of Taxable Value, The vote at the final hearing and the resulting maximum m:ay change, After the finalhearing, each taxing authority will file a final Form DR-420MM, Maximum Millage Levy Calculation Final Disclosure, with Form DR-487, Certification of Compliance,:with the Department of Revenue, Specific tax year references In this form are updated eachyear by the Department Line Instructions DR-42001-P R, 5/12 Page 8, Lines 5-10 Only taxing authorities that levied a 2015 millage rate less than their maximum majority vote rate must these lines, The adjusted rolled -back rate on Line 10 is the rate that would have been. levied if the maximum vote rate for 2015 had been adopted. If these lines are completed, enter the adjusted rate on Line 11., Line 12 This line is entered by the Department of Revenue. The same adjustment factor is used statewide by all taxing authorities. It is based en the cha.nge in per capita Florida personal income (s, 200,001 (8)(0„ F,S,Y, which Florida Law requires the Office of Economic and Demographic Research to report each year, Lines 13 .ancl 14 Millage rates are the maximum that could be levied with a majority or two-thirds vote ofthe full membership of the governing body. With a unanimous vote of the full membership (three -fourths vote of the full membership 'if the governing body has nine or more members) or a referendum, the maximum millage rate that:can be levied is the taxing authority's statutory or constitutional cap. Line-16 Checkthe box for the minimum vote necessary at the final hearing to levy your adopted tillage rate. Line 17 Enter the millage rate indicated by the box checked in Line 16, If the proposed mlliage rate Is equal to or less than the majority vote maxlmurn millage rate, enter the majority vote maximum, If a two-thirds vote, a unanimous vote, or a referendum is required, enterthe proposed millage rate, For .a.mIllage requiting more than a majority vote, the. proposed millage rate must be entered on Line 17, rather than the maximum rate, so that the comparisons on Lines 21 through 25 are accurate. Al] TRIM forms for taxing authorities are available on our website at http://doe,myflorida.com/cloriproperty/trim