Loading...
HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #6050 Date: 06/21/2019 Commission Meeting Date: 07/25/2019 Requesting Department: Downtown Development Authority Sponsored By: District Impacted: All Type: Resolution Subject: Establish - Millage Rate - Downtown Development District Purpose of Item: Section 200.065(2)(a)1, Florida Statutes (2010) ("Statute"), requires each taxing authority to establish a proposed millage rate. The Miami Downtown Development Authority of the City of Miami is proposing its FY19-20 proposed millage for the City of Miami Commission's consideration. Background of Item: Section 200.065(2)(a)1, Florida Statutes (2010) ("Statute"), requires each taxing authority to establish a proposed millage rate. The Statute stipulates that the proposed millage rate be submitted to the Miami -Dade County Property Appraiser and the Tax Collector; and The proposed millage rate reflects the levy necessary to realize property tax revenues anticipated in the Fiscal Year 2019-2020 Budget for the Downtown Development Authority of the City of Miami ("MDDA"); Budget Impact Analysis Item is NOT Related to Revenue Item is NOT funded by Bonds Item has NOT an Expenditure Total Fiscal Impact: N/A Downtown Development Authority Office of Management and Budget Office of Management and Budget Office of Management and Budget City Manager's Office City Manager's Office Legislative Division Office of the City Attorney Office of the City Attorney City Commission Reviewed B Alyce Robertson Jacques Joseph Carolina Aguila Christopher M Rose Fernando Casamayor Nikolas Pascual Valentin J Alvarez Valentin J Alvarez Victoria Mendez Nicole Ewan Department Head Review Budget Analyst Review Budget Analyst Review Budget Review Assistant City Manager Review City Manager Review Legislative Division Review Deputy City Attorney Review Approved Form and Correctness Meeting Completed Completed Skipped Completed Completed Completed Completed Skipped Completed Completed 07/02/2019 4:38 PM 07/08/2019 11:18 AM 07/08/2019 8:41 AM 07/11/2019 10:56 AM 07/11/2019 3:21 PM 07/11/2019 4:02 PM 07/19/2019 4:12 PM 07/19/2019 4:12 PM 07/22/2019 11:52 AM 07/25/2019 9:00 AM Legislative Division Office of the City Attorney Office of the City Attorney Office of the Mayor Office of the City Clerk Office of the City Clerk Valentin J Alvarez Barnaby L. Min Barnaby L. Min Mayor's Office City Clerk's Office City Clerk's Office Legislative Division Review Completed Deputy Attorney Review Completed Approved Form and Correctness with Modification(s) Signed by the Mayor Completed Signed and Attested by the City Clerk Completed Rendered Completed 07/30/2019 10:58 AM 07/30/2019 2:48 PM Completed 07/31/2019 3:49 PM 07/31/2019 3:51 PM 07/31/2019 3:52 PM City of Miami Legislation Resolution Enactment Number: R-19-0314 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 6050 Final Action Date:7/25/2019 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, 2019 AND ENDING SEPTEMBER 30, 2020; AUTHORIZING THE EXECUTIVE DIRECTOR TO SUBMIT SAID PROPOSED MILLAGE RATE AND STATUTORILY DEFINED ROLLED -BACK RATE TO THE MIAMI-DADE COUNTY PROPERTY APPRAISER AND 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. WHEREAS, Section 200.065, Florida Statutes ("Statute"), sets forth requirements for the "Truth in Millage" ("TRIM") notice and requires each taxing authority to establish a proposed millage rate and to determine the statutorily defined rolled -back rate; and WHEREAS, the Statute stipulates that said proposed millage rate and statutorily defined rolled -back rate be submitted to the Miami -Dade County Property Appraiser ("Property Appraiser") and the Miami -Dade County Tax Collector ("Tax Collector"); and WHEREAS, said proposed millage rate will reflect the levy necessary to fund the Miami Downtown Development Authority of the City of Miami, Florida's ("DDA") tentative budget other than the portion of the budget to be funded from sources other than ad valorem taxes; and WHEREAS, the Statute defines the "rolled back millage rate" as a millage rate which, with certain specified exclusions, will provide the same ad valorem tax revenue for each taxing authority as was levied during the prior year less the amount, if any, paid or applied as a consequence of an obligation measured by the dedicated increment value; and WHEREAS, the exclusions to the rolled back millage rate are "new construction, additions to structures, deletions, increases in the value of improvements that have undergone a substantial rehabilitation which increased the assessed value of such improvements by at least 100 percent, property added due to geographic boundary changes, total taxable value of tangible personal property within the jurisdiction in excess of 115 percent of the previous year's total taxable value, and any dedicated increment value"; and WHEREAS, the proposed millage rate submitted to the Property Appraiser and the Tax Collector 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 adopted by reference and incorporated herein as if fully set forth in this Section. Section 2. The DDA's rolled back rate is 0.4491 mills. Section 3. The proposed millage rate for the DDA for the Fiscal Year beginning October 1, 2019 and ending September 30, 2020 is 0.4681 mills, which is 4.23% more than the rolled back rate. Section 4. The Executive Director is hereby authorized' to submit forthwith the rolled back rate and the 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 public hearings to consider the proposed millage rate and the DDA's tentative budget for said fiscal year as follows: September 12, 2019 at 5:05 P.M. and September 26, 2019 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.2 APPROVED AS TO FORM AND CORRECTNESS: ndez, City Attor ey 1 The herein authorization is further subject to compliance with all requirements that may be imposed by the City Attorney, including but not limited to, those prescribed by applicable City Charter and City Code provisions. 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.