Loading...
HomeMy WebLinkAboutLegislation-SUBCity of Miami Legislation Resolution: R-19-0314 THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. 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: City of Miami 6050 Legislation -SUB Page 1 of 2 File ID: 6050 (Revision: 8) Printed On: 8/23/2019 File ID: 6050 THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. Enactment Number: R-19-0314 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: Barnaby I_. Min, Deputy City Attorney 7/30/2019 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. City of Miami Page 2 of 2 File ID: 6050 (Revision: 8) Printed on: 8/23/2019 SUBSTITUTED City of Miami Legislation Resolution: City Hall 3500 Pan American Drive Miami, FL 33133 www.miannigov.com File Number: 6050 Final Action A RESOLUTION OF THE MIAMI CITY COMMISSION COMPUTING A PROPOSED MILLAGE RATE FOR THE MIAMI DOWNTOWN DEVEL AUTHORITY ("DDA"), FOR THE FISCAL YEAR BEGINNING OCTO AND ENDING SEPTEMBER 30, 2020; AUTHORIZING THE EXEC DIRECTOR TO SUBMIT SAID PROPOSED MILLAGE RATE AN STATUTORILY DEFINED ROLLED -BACK RATE TO THE MI COUNTY PROPERTY APPRAISER AND TAX COLLECTO THE DATE, TIME AND PLACE OF THE PUBLIC HEARIN CITY COMMISSION WILL CONSIDER THE PROPOSE THE DDA'S TENTATIVE BUDGET FOR SAID FISCA t MENT R 1,2019 IVE I-DADE OGETHER WITH AT WHICH THE ILLAGE RATE AND EAR. WHEREAS, Section 200.065, Florida Statutes ("Statu '), sets forth requirements for the "Truth in Millage" ("TRIM") notice and requires each taxing - thority to establish a proposed millage rate and to determine the statutorily defined rolle..ack rate; and WHEREAS, the Statute stipulates that said pr rolled -back rate be submitted to the Miami -Dade C Appraiser") and the Miami -Dade County Tax Coll osed millage rate and statutorily defined my Property Appraiser ("Property tor ("Tax Collector"); and WHEREAS, said proposed millage ra 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 t► . n ad valorem taxes; and WHEREAS, the Statute defin=. the "rolled back millage rate" as a millage rate which, with certain specified exclusions, w provide the same ad valorem tax revenue for each taxing authority as was levied during th: .rior year less the amount, if any, paid or applied as a consequence of an obligation ►-asured by the dedicated increment value; those exclusions are "new construction, additions structures, deletions, increases in the value of improvements that have undergone a sub antial rehabilitation which increased the assessed value of such improvements by at leas 00 percent, property added due to geographic boundary changes, total taxable value of gible personal property within the jurisdiction in excess of 115 percent of the previous year' otal taxable value, and any dedicated increment value"; and WHERE Collector is not , the proposed rniltage rate submitted to the Property Appraiser and the Tax inding but is necessary for the purpose of preparation of tax notices; NO 'f, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OFV MIAMI, F ORIDA: Cb Section 1. The recitals and findings contained in the Preamble to this Resolution arm ted by reference and incorporated herein as if fully set forth in this Section. a "U -c. Section 2. The DDA's rolled back rate is 0.4643 mills. City of Miami Page 9 of 2 File !D: 6050 (Revision: A) Printed an: 7/22/2019 SUBSTITUTED File ID: 6056 Enactment Number: 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 1.2% more than the rolled back rate. Section 4. The Executive Director is hereby authorized' to submit forthwith the roll back rate and the proposed millage rate for the DDA to the Property Appraiser and to the ax Collector together with the date, times, and place at which the City Commission will ho • public hearings to consider the proposed millage rate and the DDA's tentative budget for s-'• fiscal year as follows: September 12, 2019 at 5:05 P.M. and September 26, 2019 at 5:0 P.M. in the Commission Chambers at City Hall, 3500 Pan American Drive, Dinner Key, Mia Florida. Section 5. This Resolution shall become effective immediately upon adoption and signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: • t5 a• ' The h= ein authorization is further subject to compliance with all requirements that may be imposed by the C Attorney, including but not limited to, those prescribed by applicable City Charter and City Code pro sions. the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days om 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. Cify of Miami Page 2 of 2 File JD: 6050 (Revision: A) Printed on: 712212019 City of Miami Legislation Resolution File Number: 6050 SUBSTITUTED City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Final Action D- e: A RESOLUTION OF THE MIAMI CITY COMMISSION COMPUTING A PROPOS MILLAGE RATE FOR THE MIAMI DOWNTOWN DEVELOPMENT AUTHORIT ("DDA"), FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2019 AND EN► NG SEPTEMBER 30, 2020; AUTHORIZING THE EXECUTIVE DIRECTOR TO .UBMIT SAID PROPOSED MILLAGE RATE AND STATUTORILY DEFINED RO D-BACK RATE TO THE MIAMI-DADE COUNTY PROPERTY APPRAISER AND AX COLLECTOR TOGETHER WITH THE DATE, TIME AND PLACE OF HE PUBLIC HEARING AT WHICH THE CITY COMMISSION WILL CONSIDER HE PROPOSED MILLAGE RATE AND THE DDA'S TENTATIVE BUDGET FOR S ID FISCAL YEAR. WHEREAS, Section 200.065, Florida Statutes ("Statute"), s' s forth requirements for the "Truth in Millage" ("TRIM") notice and requires each taxing autho y to establish a proposed millage rate and to determine the statutorily defined rolled-bac ate; and WHEREAS, the Statute stipulates that said propos millage rate and statutorily defined rolled -back rate be submitted to the Miami -Dade County ' roperty Appraiser ("Property Appraiser") and the Miami -Dade County Tax Collector ax Collector"); and WHEREAS, said proposed millage rate will -flect the levy necessary to fund the Miami Downtown Development Authority's ("DDA") tent ive budget other than the portion of the budget to be funded from sources other than a'- valorem taxes; and WHEREAS, the Statute defines the with certain specified exclusions, will pro authority as was levied during the prior consequence of an obligation meas "new construction, additions to str that have undergone a substanti improvements by at least 100 total taxable value of tangibl of the previous year's total WHEREAS, th Collector is not bindi rolled back millage rate" as a millage rate which, de the same ad valorem tax revenue for each taxing ear less the amount, if any, paid or applied as a d by the dedicated increment value; those exclusions are ures, deletions, increases in the value of improvements rehabilitation which increased the assessed value of such rcent, property added due to geographic boundary changes, personal property within the jurisdiction in excess of 115 percent xable value, and any dedicated increment value"; and proposed millage rate submitted to the Property Appraiser and the Tax but is necessary for the purpose of preparation of tax notices; NOW, T REFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORI Se A. ion 1. The recitals and findings contained in the Preamble to this Resolution are adopted iy reference and incorporated herein as if fully set forth in this Section. Section 2. The DDA's rolled back rate is mills. Section 3. The proposed millage rate for the DDA for the Fiscal Year beginning October 1, 2019 and ending September 30, 2020 is mills, which is % more than the rolled back rate. SUBSTITUTED 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, 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 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 a signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: Establish - Millage Rate - Downtown Development District 1 he 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.