HomeMy WebLinkAboutSubstitution Memo from Miami DDAMIAMIDDA
DOWNTOWN DEVELOPMENT AUTHORITY
To: Arthur Noriega V.
City of Miami
City Manager
Miami Downtown Development Authority
200 S. Biscayne Boulevard - Suite 2929
Miami, Florida 33131
MEMORANDUM
From: Christina Crespi
Downtown Development Authority of the City of Miami (Miami DDA)
CEO/Executive Director
Date: September 25, 2024
Re: Substitution Resolution (Miami DDA Millage) File ID: 16451
The resolution previously submitted regarding the Downtown Development Authority of
the City of Miami (Miami DDA) must be amended to reflect the millage numbers.
The current language reads:
"A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH
ATTACHMENT(S), PROPOSING AN ADDITIONAL FINAL MILLAGE
RATE FOR AD VALOREM TAXATION PURSUANT TO SECTION
200.065, FLORIDA STATUTES; DEFINING AND DESIGNATING THE
TERRITORIAL LIMITS OF THE DOWNTOWN DEVELOPMENT, ;;
DISTRICT ("DISTRICT") OF THE CITY OF MIAMI, FLORIDA ("CITY" );r'?.
LEVYING AN ADDITIONAL AD VALOREM TAX ON ALL REAL AND
PERSONAL PROPERTY IN THE DISTRICT AT THE RATE OF 0.4505
MILLS ON THE DOLLAR OF TAXABLE VALUE OF SUCH PROPERTY
IN SAID DISTRICT FOR THE PURPOSE OF FINANCING THE
OPERATION OF 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;
PROVIDING THAT SAID FINAL MILLAGE SHALL BE IN ADDITION TO
THE MILLAGE ADOPTED BY THE CITY COMMISSION PURSUANT TO
ARTICLE VII, SECTION 9 OF THE FLORIDA CONSTITUTION AND
SECTION 166.211, FLORIDA STATUTES, AS WELL AS ANY SPECIAL
ASSESSMENTS IMPOSED BY THE SAME; PROVIDING THAT THIS
RESOLUTION SHALL NOT BE DEEMED AS REPEALING OR
AMENDING ANY OTHER RESOLUTION OR ANY ORDINANCE FIXING
MILLAGE OR LEVYING TAXES, BUT SHALL BE DEEMED
SUPPLEMENTAL AND IN ADDITION THERETO; CONTAINING A
SEVERABILITY CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE.
1
\Logs/ Sm Ynigrv,o MAmi ��A
Will be changed to:
'`A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
PROPOSING AN ADDITIONAL FINAL MILLAGE RATE FOR AD VALOREM
TAXATION PURSUANT TO SECTION 200.065, FLORIDA STATUTES; DEFINING
AND DESIGNATING THE TERRITORIAL LIMITS OF THE DOWNTOWN
DEVELOPMENT DISTRICT ("DISTRICT") OF THE CITY OF MIAMI, FLORIDA
("CITY"); LEVYING AN ADDITIONAL AD VALOREM TAX ON ALL REAL AND
PERSONAL PROPERTY IN THE DISTRICT AT THE RATE OF 0.4312 MILLS ON
THE DOLLAR OF TAXABLE VALUE OF SUCH PROPERTY IN SAID DISTRICT
FOR THE PURPOSE OF FINANCING THE OPERATION OF 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; PROVIDING THAT SAID FINAL MILLAGE SHALL BE IN
ADDITION TO THE MILLAGE ADOPTED BY THE CITY COMMISSION
PURSUANT TO ARTICLE VII, SECTION 9 OF THE FLORIDA CONSTITUTION
AND SECTION 166.211, FLORIDA STATUTES, AS WELL AS ANY SPECIAL
ASSESSMENTS IMPOSED BY THE SAME; PROVIDING THAT THIS RESOLUTION
SHALL NOT BE DEEMED AS REPEALING OR AMENDING ANY OTHER
RESOLUTION OR ANY ORDINANCE FIXING MILLAGE OR LEVYING TAXES,
BUT SHALL BE DEEMED SUPPLEMENTAL AND IN ADDITION THERETO;
CONTAINING A SEVERABILITY CLAUSE; AND PROVIDING FOR AN
EFFECTIVE DATE."
Upon approval, the revised resolution will be forwarded to the Agenda Office for
distribution to the Mayor and all Commissioners.
2
AGENDA ITEM SUMMARY FORM
FILE ID: 16451
Date: August 1, 2024 Requesting Department: Downtown Development Authority of the City of Miami
Commission Meeting Date: September 26, 2024 District Impacted:
Type: ®Resolution ❑ Ordinance ❑ Emergency Ordinance ['Discussion Item
❑ Other
Subject: Downtown Development Authority of the City of Miami ("Miami DDA") setting the final millage
rate for FY2024-2025.
Purpose of Item:
The Downtown Development Authority of the City of Miami ("Miami DDA") requests that the City
Commission adopt the attached Resolution setting the final millage rate thereof.
Background Information:
Chapter 14 of the City of Miami Code authorizes the City Commission to levy an additional ad
valorem tax revenue on all real and personal property within the Miami DDA, not to exceed 0.4956
mills on the dollar valuation of such property for financing the operations of the Miami DDA.
Attached is a Resolution for the City Commission approval, which fixes the Miami DDA final millage
rate at 0.4312 mills and levies taxes for the fiscal year beginning October 1, 2024, and ending
September 30, 2025.
The final millage rate is the less than the current year's rate. 1.17% is the current year final rate as a
percent change of rolled -back rate (increase) from the 0.4262 rollback rate.
Budget Impact Analysis
® Yes ❑ No Is this item related to revenue?
❑ Yes ® No Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
❑ Yes ® No Is this Item funded by bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Does the item require approval from the following departments?
Grants
Procurement
Risk
Executive Director
Final Approvals
(SIGN AND DATE)
09/24/2024
*all other approvals will be done through Accela
Page 1 of 1
City of Miami
Resolution
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 16451
Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
PROPOSING AN ADDITIONAL FINAL MILLAGE RATE FOR AD VALOREM
TAXATION PURSUANT TO SECTION 200.065, FLORIDA STATUTES;
DEFINING AND DESIGNATING THE TERRITORIAL LIMITS OF THE
DOWNTOWN DEVELOPMENT DISTRICT ("DISTRICT") OF THE CITY OF
MIAMI, FLORIDA ("CITY"); LEVYING AN ADDITIONAL AD VALOREM TAX ON
ALL REAL AND PERSONAL PROPERTY IN THE DISTRICT AT THE RATE OF
0.4312 MILLS ON THE DOLLAR OF TAXABLE VALUE OF SUCH PROPERTY
IN SAID DISTRICT FOR THE PURPOSE OF FINANCING THE OPERATION OF
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; PROVIDING THAT SAID FINAL
MILLAGE SHALL BE IN ADDITION TO THE MILLAGE ADOPTED BY THE CITY
COMMISSION PURSUANT TO ARTICLE VII, SECTION 9 OF THE FLORIDA
CONSTITUTION AND SECTION 166.211, FLORIDA STATUTES, AS WELL AS
ANY SPECIAL ASSESSMENTS IMPOSED BY THE SAME; PROVIDING THAT
THIS RESOLUTION SHALL NOT BE DEEMED AS REPEALING OR
AMENDING ANY OTHER RESOLUTION OR ANY ORDINANCE FIXING
MILLAGE OR LEVYING TAXES, BUT SHALL BE DEEMED SUPPLEMENTAL
AND IN ADDITION THERETO; CONTAINING A SEVERABILITY CLAUSE; AND
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the Miami City Commission pursuant to Chapter 65-1090, Laws of Florida;
Section 189.056, Florida Statutes ("F.S."); and Section 14-60 of the Code of the City of Miami,
Florida, as amended ("City Code"), is authorized to levy an additional ad valorem tax on the
taxable value of all real and personal property in the Downtown Development District, the
boundaries of which are established in Section14-27 of the City Code, attached and
incorporated as Exhibit "A" ("District"), not exceeding 0.4956 mills on the dollar valuation of such
property for the purpose of financing the operation of the Downtown Development Authority of
the City of Miami, Florida ("Miami DDA") as affirmed in Milan Investment Group v. City of Miami,
172 So. 3d 458 (Fla. 3rd DCA 2015); and
WHEREAS, Section 200.065, F.S., sets forth the method of computing, proposing, and
fixing a millage rate for ad valorem taxation; and
WHEREAS, the City Commission believes it is in the best interest of Miami DDA
residents and property owners to reduce the final millage rate in the District from the proposed
0.4505 mills to 0.4312 mills ; and
WHEREAS, Section 200.065(5)(a)(1), F.S., requires that the now final millage rate of
0.4312 mills would further require, at the time of a second hearing, a simple majority vote of the
City of Miami Page 1 of 3 File ID: 16451 (Revision:) Printed On: 9/24/2024
File ID: 16451 Enactment Number:
governing body vote of the City Commission on the final determination to adopt such final
millage rate; and
WHEREAS, on July 1, 2024, the Miami -Dade County Property Appraiser ("Property
Appraiser"), pursuant to Section 200.065(1), F.S., certified to the Miami DDA the taxable value
of property within the territorial limits of the District at $30,067,524,964.00, as set forth in Exhibit
"B", attached and incorporated; and
WHEREAS, the Miami DDA prepared a final budget for the Fiscal Year ("FY") beginning
October 1, 2024, and ending September 30, 2025, and computed a final millage rate of 0.4505
mills, which is necessary to fund the final budget, other than the portion of the Miami DDA's
budget to be funded from sources other than ad valorem taxes; and
WHEREAS, on July 25, 2024, the City Commission adopted Resolution No. R-24-0279,
attached and incorporated as Exhibit "C," wherein it directed the CEO/Executive Director of the
Miami DDA to submit to the Property Appraiser and the Miami -Dade County Tax Collector the
final millage rate of 0.4505 mills, together with other required information set forth in Section
200.65(2)(b), F.S.; and
WHEREAS, Section 200.065(2)(c), F.S., requires the City Commission to hold a first
budget public hearing on the tentative millage rate and proposed budget, which occurred on
September 7, 2024 and resulted in the adoption of Resolution No. R-24-0313, a copy of which is
attached and incorporated as Exhibit "D", and a second budget public hearing on the final
budget and the final millage rate, and such second budget public hearing has occurred earlier
today in this meeting;
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 as if fully set forth in this Section.
Section 2. There shall be levied an additional ad valorem tax on the taxable value of all
real and personal property within the District at a rate of 0.4312 mills on the dollar of the taxable
value of such property for the purpose of financing the operation of the Miami DDA for the FY
beginning October 1, 2024, and ending September 30, 2025.
Section 3. The final millage rate herein adopted is 1.17% greater than the rolled -back
rate of 0.4262 mills.
Section 4. The final millage rate adopted, and the ad valorem taxes levied pursuant to.
this Resolution shall be in addition to the fixing of the final millage rate adopted and ad valorem
taxes levied by the City Commission, pursuant to Article VII, Section 9 of the Florida
Constitution and Section 166.211, F.S., as well as in addition to any special assessments
imposed by the same.
Section 5. This Resolution shall neither repeal nor amend any other resolution or
ordinance adopting final millage or levying ad valorem taxes for the Fiscal Year beginning
October 1, 2024, and ending September 30, 2025, but shall be deemed supplemental and in
addition thereto.
City of Miami Page 2 of 3 File ID: 16451 (Revision:) Printed on: 9/24/2024
File ID: 16451 Enactment Number:
Section 6. If any section, part of a section, paragraph, clause, phrase, or word of this
Resolution is declared invalid, the remaining provisions of the Resolution shall not be affected.
Section 7. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.'
APPROVED AS TO FORM AND CORRECTNESS:
1 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 3 of 3 File ID: 16451 (Revision:) Printed on: 9/24/2024