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HomeMy WebLinkAboutExhibit CCity of Miami Certified Copy 0 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 12070 Enactment Number: R-22-0287 A RESOLUTION OF THE MIAMI CITY COMMISSION COMPUTING A PROPOSED MILLAGE RATE FOR THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA ("MIAMI DDA") FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2022, AND ENDING SEPTEMBER 30, 2023; AUTHORIZING THE EXECUTIVE DIRECTOR TO SUBMIT SAID PROPOSED MILLAGE RATE AND STATUTORILY DEFINED ROLLED -BACK RATE TO THE MIAMI-DADE COUNTY PROPERTY APPRAISER AND MIAMI- DADE COUNTY TAX COLLECTOR TOGETHER WITH THE DATES, TIMES, AND LOCATIONS OF THE PUBLIC HEARINGS AT WHICH THE CITY COMMISSION WILL CONSIDER THE MIAMI DDA'S PROPOSED MILLAGE RATE, TENTATIVE BUDGET, TENTATIVE MILLAGE, FINAL MILLAGE, AND FINAL BUDGET FOR SAID FISCAL YEAR. WHEREAS, Section 200.065, Florida Statutes ("Statute"), sets forth requirements for the "Truth in Millege" ("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 ("MIAMI 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 one hundred (100%), property added due to geographic boundary changes, total taxable value of tangible personal property within the jurisdiction in excess of one hundred fifteen percent (115%) 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 TRIM notices; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: City of Miami Page 1 of 2 R-22-0287 File Number: 12070 Enactment Number: R-22-0287 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 MIAMI DDA's rolled back rate is 0.4246 mills. Section 3. The proposed millage rate for the MIAMI DDA for the Fiscal Year beginning October 1, 2022 and ending September 30, 2023 is 0.4681 mills, which is 10.24% more than the rolled back rate. Section 4. The MIAMI DDA Executive Director is hereby authorized' to submit forthwith the rolled back rate and the proposed millage rate for the MIAMI DDA to the Property Appraiser and to the Tax Collector together with the dates, times, and locations, at which the City Commission will hold public hearings to consider the MIAMI DDA's proposed millage rate, tentative budget, tentative millage, final millage, and final budget for the Fiscal Year beginning October 1, 2022 and ending September 30, 2023 as follows: First Public Budget Hearing on Saturday, September 10, 2022, at 10:00 A.M. in the City Commission Chambers at City Hall, 3500 Pan American Drive, Miami, Florida, 33133, and the Second Public Budget Hearing on Thursday, September 22, 2022, at 5:05 P.M.in the City Commission Chambers at City Hall, 3500 Pan American Drive, Miami, Florida 33133, or such other times, dates, and locations as determined by the City Commission, provided to the Property Appraiser and Tax Collector, and publicly noticed by the City Clerk in accordance with applicable laws, rules, and regulations. Section 5. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2 DATE: 7/28/2022 RESULT: ADOPTED MOVER: Alex Diaz de Ia Portilla, Commissioner SECONDER: Manolo Reyes, Commissioner AYES: Christine King, Joe Carollo, Ken Russell, Alex Diaz de Ia Portilla, Manoro Reyes DATE: 8/5/2022 ACTION: Signed by the Mayor 1, Todd B. Hannon, City Clerk of the City of Miami, Florida, and keeper of the records ther:of, do hereby certify that this constitutes a true and correct copy of Resolution No. R- 22-1287, passed by th- Commission on 7/28/2022. City • erk, Deputy City Clerk (for •dd = annon, City Clerk) August 8, 2022 Date Certified 1 The herein authorization is further subject to compliance with all legal requirements that may be imposed, including but not limited to, those prescribed by applicable City Charter and City Code provisions. 2 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 R-22-0287 City of Miami Master Report Enactment Number: R-22-0287 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Fite Number: 12070 File Type: Resolution Status: ADOPTED Revision: Controlling Body: City Commission File Name: Proposed Millage for FY '22 -'23 DDA Introduced: 6/6/2022 Requesting Dept: Downtown Development Authority Final Action Date: 7/28/2022 Title: A RESOLUTION OF THE MIAMI CITY COMMISSION COMPUTING A PROPOSED MILLAGE RATE FOR THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA ("MIAMI DDA") FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2022, AND ENDING SEPTEMBER 30, 2023; AUTHORIZING THE EXECUTIVE DIRECTOR TO SUBMIT SAID PROPOSED MILLAGE RATE AND STATUTORILY DEFINED ROLLED -BACK RATE TO THE MIAMI-DADE COUNTY PROPERTY APPRAISER AND MIAMI-DADE COUNTY TAX COLLECTOR TOGETHER WITH THE DATES, TIMES, AND LOCATIONS OF THE PUBLIC HEARINGS AT WHICH THE CITY COMMISSION WILL CONSIDER THE MIAMI DDA'S PROPOSED MILLAGE RATE, TENTATIVE BUDGET, TENTATIVE MILLAGE, FINAL MILLAGE, AND FINAL BUDGET FOR SAID FISCAL YEAR. Notes: Links: Attachments: 12070 Back -Up Documents (PDF) 12070 Pre -Legislation (PDF) 12070 Back -Up from Law Dept (PDF) History of Legislative File: Revision: Acting Body: Date: Action: Result: Marie Gouin 6/23/2022 Budget Review Completed Victoria Mendez 7/10/2022 Approved Form and Completed Correctness City Commission 7/28/2022 Meeting Completed City Commission 7/28/2022 ADOPTED Passed Mayor's Office 8/5/2022 Signed by the Mayor Completed City Clerk's Office 8/5/2022 Signed and Attested by the City Completed Clerk City Clerk's Office 8/5/2022 Rendered Completed City of Miami Page 1 of 1 Printed on: 8/8/2022