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HomeMy WebLinkAboutLegislation-SUBTHIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. N City of Miami Legislation Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 2599 Final Action Date: A RESOLUTION OF THE MIAMI CITY COMMISSION COMPUTING A PROPOSED MILLAGE RATE FOR THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA ("DDA") FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2017 AND ENDING SEPTEMBER 30, 2018; '_,, 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 r SAID FISCAL YEAR. WHEREAS, Section 200.065, Florida Statutes (2017), sets forth the method for fixing a millage rate; and WHEREAS, on June 30, 2017, the Miami -Dade County Property Appraiser ("Property Appraiser"). pursuant to Section 200.065(1). Florida Statutes (2017), certified to the Miami Downtown Development Authority of the City of Miami, Florida ("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 0.4464 mills. Section 3. The proposed millage rate for the DDA for the Fiscal Year beginning October 1, 2017 and ending September 30, 2018 is 0.4681 mills, which is 4.86% more than the rolled back rate. City of Miami 25°,61 —ts9ls mon -Sui5 Page 1 of 2 File ID: 2599 (Revision: A) Printed On: 7/25/2017 File ID: 2599 THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. Enactment Number: 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 14, 2017 at 5:05 P.M. and September 28, 2017 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.' APPROVED AS TO FORM AND CORRECTNESS: nd pity Attor ey 7/25/2017 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: 2599 (Revision: A) Printed on: 7/25/2017 City of Miami Legislation Resolution SUBSTITUTED City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 2599 Final Action Dat A RESOLUTION OF THE MIAMI CITY COMMISSION COMPUTING A PROPOSE MILLAGE RATE FOR THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY THE CITY OF MIAMI, FLORIDA ("DDA") FOR THE FISCAL YEAR BEGINNIN OCTOBER 1, 2017 AND ENDING SEPTEMBER 30, 2018; DIRECTING TH EXECUTIVE DIRECTOR TO SUBMIT SAID PROPOSED MILLAGE RAT 0 THE MIAMI-DADE COUNTY PROPERTY APPRAISER AND THE TAX COLLCTOR TOGETHER WITH THE DATE, TIME, AND PLACE OF THE PUBLIC ARING AT WHICH THE CITY COMMISSION WILL CONSIDER THE PROPOS• * MILLAGE RATE AND THE DDA'S TENTATIVE BUDGET FOR SAID FISCA EAR. WHEREAS, Section 200.065, Florida Statutes (2017), sets f. h the method for fixing a millage rate; and WHEREAS, on June 30, 2017, the Miami -Dade Count roperty Appraiser ("Property Appraiser"), pursuant to Section 200.065(1), Florida Statute 2017), certified to the Miami Downtown Development Authority ("DDA") the taxable val - within the DDA's jurisdiction; and WHEREAS, prior to levying a millage, the DDA s required to prepare a tentative budget and to compute a proposed millage rate necessary . fund the tentative budget other than the portion of the budget to be funded from sources o er than ad valorem taxes; and WHEREAS, the DDA, within thirty-five must advise the Property Appraiser of its pr dates, times, and place at which public bu millage and the tentative budget; and WHEREAS, the proposed but is necessary for the purpose referred to as the "TRIM Notice' 5) days of certification of the taxable value, osed millage rate, the rolled back rate, and the get hearings will be held to consider the proposed age rate submitted to the Property Appraiser is not binding preparing the Notice of Proposed Property Taxes, commonly NOW, THEREFOR , BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. Th- recitals and findings contained in the Preamble to this Resolution are hereby adopted by -ference thereto and incorporated herein as if fully set forth in this Section. Section The DDA's rolled back rate is mills. Sec .n 3. The proposed millage rate for the DDA of the City of Miami, Florida for Fiscal Year beg' ping October 1, 2017 and ending September 30, 2018 is mills, which is °/ more than the rolled back rate. Section 4. The Executive Director is hereby directed to submit forthwith the rolled back r e and the proposed millage rate for the DDA to the Property Appraiser and to the Miami -Dade ounty 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 14, 2017 at 5:05 P.M. and September 28, 2017 at SUBSTITUTED 5:00 F.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. APPROVED AS TO FORM AND CORRECTNESS: ' 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.