HomeMy WebLinkAboutExhibit CCity of Miami
Certified Copy
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 16203
Enactment Number: R-24-0279
A RESOLUTION OF THE MIAMI CITY COMMISSION COMPUTING A
PROPOSED MILLAGE RATE FOR THE DOWNTOWN DEVELOPMENT
AUTHORITY OF THE CITY OF MIAMI, FLORIDA ("MIAMI DDA") FOR THE
FISCAL YEAR BEGINNING OCTOBER 1, 2024, AND ENDING SEPTEMBER
30, 2025; AUTHORIZING THE CHIEF EXECUTIVE OFFICER/EXECUTIVE
DIRECTOR OF THE MIAMI DDA TO SUBMIT BOTH SAID PROPOSED
MILLAGE RATE OF 0.4505 MILLS AND STATUTORILY DEFINED ROLLED -
BACK MILLAGE RATE OF 0.4262 MILLS TO THE MIAMI-DADE COUNTY
PROPERTY APPRAISER AND TAX COLLECTOR TOGETHER WITH THE
DATES, TIMES, AND LOCATIONS OF THE PUBLIC HEARINGS AT WHICH
THE CITY COMMISSION WILL CONSIDER THE PROPOSED MILLAGE RATE,
THE TENTATIVE BUDGET, THE TENTATIVE MILLAGE, FINAL MILLAGE, AND
FINAL BUDGET FOR THE MIAMI DDA 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
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;
City of Miami
Page 1 of 2 R-24-0279
File Number: 16203 Enactment Number: R-24-0279
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 MIAMI DDA's rolled back rate is 0.4262 mills.
Section 3. The proposed millage rate for the MIAMI DDA for the Fiscal Year beginning
October 1, 2024, and ending September 30, 2025, is 0.4505 mills, which is 5.70% more than
the rolled back rate.
Section 4. The Chief Executive Officer/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 proposed millage rate, the
tentative budget, tentative millage, final millage, and final budget for the MIAMI DDA for said
fiscal year as follows: First Public Budget Hearing on Saturday, September 7, 2024, at 10:00
A.M. in the City Commission Chambers at City Hall located at 3500 Pan American Drive, Miami,
Florida, or at such other time, date, location, as otherwise allowed by Florida laws. Second
Public Budget Hearing on Thursday, September 26, 2024, at 5:05 P.M.in the City Commission
Chambers at City Hall located at 3500 Pan American Drive, Miami, Florida, or at such other
time, date, location, as otherwise allowed by Florida laws.
Section 5. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.2
DATE: 7/25/2024
RESULT: ADOPTED WITH MODIFICATION(S)
MOVER: Manolo Reyes, Commissioner
SECONDER: Damian Pardo, Commissioner
AYES: Christine King, Joe Carollo, Miguel Angel Gabela, Damian Pardo, Manolo Reyes
DATE: 7/25/2024
ACTION: Signed by the Mayor
I, Todd B. Hannon, City Clerk of the City of Miami, Florida, and keeper of the records
thereof, do hereby certify that this constitutes a true and correct copy of Resolution No. R-
24-a279, passed by the City Commission on 7/25/2024.
City Ierk, Deputy City Clerk
(for dd B. nnon, City
Clerk)
July 26, 2024
Date Certified
' 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.
' 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-24-0279
City of Miami
Master Report
Enactment Number: R-24-0279
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 16203
Revision: A
File Name: Authorize Miami DDA - FY 24-25 Proposed Millage
Requesting Dept: Downtown Development Authority
File Type: Resolution Status: ADOPTED WITH
MODIFICATION(S)
Controlling Body: City Commission
Introduced: 6/7/2024
Final Action Date: 7/25/2024
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION COMPUTING A PROPOSED
MILLAGE RATE FOR THE DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY
OF MIAMI, FLORIDA ("MIAMI DDA") FOR THE FISCAL YEAR BEGINNING OCTOBER
1, 2024, AND ENDING SEPTEMBER 30, 2025; AUTHORIZING THE CHIEF
EXECUTIVE OFFICER/EXECUTIVE DIRECTOR OF THE MIAMI DDA TO SUBMIT
BOTH SAID PROPOSED MILLAGE RATE OF 0.4505 MILLS AND STATUTORILY
DEFINED ROLLED -BACK MILLAGE RATE OF 0.4262 MILLS TO THE MIAMI-DADE
COUNTY PROPERTY APPRAISER AND TAX COLLECTOR TOGETHER WITH THE
DATES, TIMES, AND LOCATIONS OF THE PUBLIC HEARINGS AT WHICH THE CITY
COMMISSION WILL CONSIDER THE PROPOSED MILLAGE RATE, THE TENTATIVE
BUDGET, THE TENTATIVE MILLAGE, FINAL MILLAGE, AND FINAL BUDGET FOR
THE MIAMI DDA FOR SAID FISCAL YEAR.
Notes:
Links:
Attachments: 16203 Back -Up Documents (PDF)
16203 Back -Up from Law Dept (PDF)
History of Legislative File:
Revision: Acting Body:
Date:
Action:
Result:
A
A
A
A
A
A
Christina Crespi
Pedro Lacret
Marie Gouin
Legislative Division
Natasha Colebrook -Williams
Xavier Alban
George K. Wysong III
City Commission
City Commission
Mayor's Office
City Clerk's Office
Legislative Division
Xavier Alban
George K. Wysong III
7/8/2024
7/8/2024
7/16/2024
7/16/2024
7/16/2024
7/16/2024
7/16/2024
7/25/2024
7/25/2024
7/25/2024
7/25/2024
7/26/2024
7/26/2024
7/26/2024
City Clerk's Office 7/26/2024
Department Head Review
Budget Analyst Review
Budget Review
Legislative Division Review
City Manager Review
ACA Review
Approved Form and
Correctness
Meeting
ADOPTED WITH
MODIFICATION(S)
Signed by the Mayor
Signed and Attested by the City
Clerk
Legislative Division Review
ACA Review
Approved Form and
Correctness with Modification(s)
Rendered
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Passed
Completed
Completed
Completed
Completed
Completed
Completed
City of Miami Page 1 of 1 Printed on: 7/26/2024
RESOLUTION NO. 015/2024
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE DOWNTOWN
DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA ("MIAMI
DDA") APPROVING THE PRELIMINARY ANNUAL BUDGET OF THE MIAMI
DDA FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2024 AND ENDING
SEPTEMBER 30, 2025; REQUESTING THAT THE MIAMI CITY COMMISSION
ESTABLISH THE MILLAGE TO SUPPORT THE FINANCIAL REQUIREMENTS
OF THE BUDGET; AUTHORIZING THE CEO/EXECUTIVE DIRECTOR OF THE
MIAMI DDA TO EXPEND FUNDS FOR THE BUDGET; DIRECTING THE
CEO/EXECUTIVE DIRECTOR TO FILE A DETAILED STATEMENT OF THE
PROPOSED EXPENDITURES AND ESTIMATED REVENUES FOR THE
FISCAL YEAR BEGINNING OCTOBER 1, 2024 AND ENDING SEPTEMBER 30,
2025 WITH THE CITY CLERK OF THE CITY OF MIAMI ("CLERK") AFTER
ADOPTION AND ESTABLISHMENT OF THE MILLAGE BY THE MIAMI CITY
COMMISSION; AND FURTHER PROVIDING THAT A COPY OF THIS
RESOLUTION BE FILED WITH THE CLERK.
WHEREAS, the Downtown Development Authority of the City of Miami, Florida ("Miami
DDA") has prepared a preliminary budget for the Fiscal Year beginning October 1, 2024 and ending
September 30, 2025 ("Fiscal Year"); and
WHEREAS, the Board of Directors of the Miami DDA has reviewed said budget on the
Estimated Tax Roll provided by Miami -Dade County; and
WHEREAS, the Board of Directors of the Miami DDA finds that the proposed budget is
necessary in order to further the objectives of the Miami DDA, as authorized by the Code of the
City of Miami, Florida, as amended;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
MIAMI DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, 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. The preliminary budget of the Miami DDA, as submitted by the
CEO/Executive Director is made part of this Resolution and is hereby approved and shall be known
as the "Annual Budget of the Miami Downtown Development Authority: Fiscal Year October 1,
2024 through September 30, 2025".
Section 3. The following appropriations for the Fiscal Year beginning October 1,
2024 and ending September 30, 2025 are hereby made for the purpose of financing the operations
and other legal and proper purposes of the Miami DDA:
GENERAL FUND
Revenue Sources
Ad Valorem Tax Levy 0.4505 Miliege per$1000 $ 13,550,000
Reimbursements 3,019,490
Total Revenues 16,569,490
Reserve and Carryover 5,169,210
Total Revenues and Balances 21,738,700
Operating Expenditures
General Expenses 3,854,710
Leadership, Advocacy and Operations 2,116,000
Quality of Life & Enhanced Services 7,355,490
Arts, Culture & Entertainment 1,225,000
Urbanism 2,800,000
Business Development 3,710,000
Total Operating Expenditures 21,061,200
Fund Balances and Reserves 677.500
Total Expenditures, Reserves, and Balances 21,738,700
Section 4. The CEO/Executive Director is directed to submit a copy of this
preliminary budget as well as this Resolution to the Miami City Commission and to request the
Miami City Commission to adopt said preliminary budget and establish the millage, authorized by
law, to support the financial requirements of this budget.
Section 5. The CEO/Executive Director is authorized to expend funds, including new
salary rates, as provided in said budget, after adoption and establishment of the millage by the
Miami City Commission, beginning October 1, 2024.
Section 6. The CEO/Executive Director is directed to prepare and file with the City
Clerk of the City of Miami, Florida ("Clerk") a detailed statement of the proposed expenditures
and estimated revenues for the Fiscal Year 2024-2025, which shall be entitled "Annual Budget of
the Miami Downtown Development Authority: Fiscal Year October 1, 2024 through September
30, 2025".
Section 7. A copy of this Resolution and the attachment(s) shall be filed with the
Clerk after adoption of the millage by the Miami City Commission.
Section 8. This Resolution shall become effective immediately upon its adoption.
PASSED AND ADOPTED this 12th day of July, 2024.
ATTEST:
Commissioner
anolo Reyes, Chairman
Chris pi, CEO/Executive Director
Executive Secretary to the Board of the Directors
2
RESOLUTION NO. 014/2024
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF
MIAMI, FLORIDA AUTHORIZING THE EXECUTIVE DIRECTOR
TO ESTABLISH A PROPOSED MILLAGE RATE FOR THE
DOWNTOWN DEVELOPMENT DISTRICT OF THE CITY OF
MIAMI, FLORIDA FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 2024 AND ENDING SEPTEMBER 30, 2025 AT
0.4505MILLS.
WHEREAS, Section 200.065(2)(a)1, Florida Statutes (2017) ("Statute"), requires each taxing
authority to establish a proposed millage rate; and
WHEREAS, the Statute stipulates that the proposed millage rate be submitted to the Miami -Dade
County Property Appraiser and the Tax Collector; and
WHEREAS, the proposed millage rate reflects the levy necessary to realize property tax revenues
anticipated in the Fiscal Year 2024-2025 Budget for the Downtown Development Authority of the City of
Miami ("Miami DDA"); and
WHEREAS, the Statute requires that the proposed tax rate be included on tax notices; and
WHEREAS, the proposed millage rate submitted to the Property Appraiser is not binding but
necessary for the purpose of preparation of tax notices;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, 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. The Miami DDA Board of Directors hereby authorizes the CEO/Executive
Director to establish a proposed millage rate for the Downtown Development District of the City of Miami,
Florida ("District") for the Fiscal Year beginning October 1, 2024 and ending September 30, 2025 at 0.4505
mills.
Section 3. The CEO/Executive Director of the Miami DDA is instructed to submit said
proposed millage rate for the Downtown Development District of the City of Miami, Florida to the Miami -
Dade County Property Appraiser and Tax Collector.
Section 4. This Resolution shall become effective immediately upon its adoption.
PASSED AND ADOPTED this 12th day of July, 2024.
ATTEST:
Elvira Manon
Executive Secretary to the Board of Directors
Manolo Reyes
istina Crespi, CEO/Executive Director
2