HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #17721
Date: 06/13/2025
Commission Meeting Date: 07/24/2025
Requesting Department: Downtown
Development Authority
Sponsored By:
District Impacted: All
Type: Resolution
Subject: Authorize - Miami DDA - FY' 25-26 Proposed Millage
Purpose of Item:
Section 200.065(2)(a)1, Florida Statutes (2010) ("Statute"), requires each taxing
authority to establish a proposed millage rate. The Downtown Development Authority of
the City of Miami ("MIAMI DDA") is proposing its FY25-26 proposed millage for the City
of Miami Commission's consideration.
To establish the millage rate cap for the fiscal year ending September 30, 2026 at:
0.3900
And to set the Budget Hearing dates as follows:
First Budget Hearing- Saturday, September 13th, 2025 at 10:00am
Second Budget Hearing- Thursday, September 25, 2025 at 5:05 pm
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 2025-2026 Budget for the Downtown Development
Authority of the City of Miami ("MIAMI DDA");
See attached the backup documentation.
Budget Impact Analysis
Item is Related to Revenue
Item has NOT an Expenditure
Item is NOT funded by Bonds
Total Fiscal Impact:
N/A
Downtown Development Authority
Office of Management and Budget
Office of Management and Budget
City Manager's Office
City Manager's Office
Legislative Division
City Manager's Office
Office of the City Attorney
Office of the City Attorney
City Commission
Office of the Mayor
Office of the City Clerk
Office of the City Clerk
Reviewed B
Christina Crespi
Pedro Lacret
Marie Gouin
Larry M. Spring
Natasha Colebrook -Williams
Valentin J Alvarez
Arthur Noriega V
Xavier Alban
George K. Wysong III
Maricarmen Lopez
Mayor's Office
City Clerk's Office
City Clerk's Office
Department Head Review Completed 06/18/2025 5:32 PM
Budget Analyst Review Completed 06/20/2025 10:56 AM
Budget Review Completed 06/20/2025 5:29 PM
Assistant City Manager Review Completed 07/14/2025 11:39 AM
Deputy City Manager Review Completed 07/14/2025 1:28 PM
Legislative Division Review Completed 07/14/2025 3:31 PM
City Manager Review Completed 07/14/2025 8:03 PM
ACA Review Completed 07/15/2025 3:06 PM
Approved Form and Correctness Completed 07/15/2025 9:26 PM
Meeting Completed 07/24/2025 9:00 AM
Signed by the Mayor Completed 07/28/2025 3:12 PM
Signed and Attested by the City Clerk Completed 07/28/2025 3:13 PM
Rendered Completed 07/28/2025 3:13 PM
City of Miami
Legislation
Resolution
Enactment Number: R-25-0271
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 17721 Final Action Date:7/24/2025
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, 2025, AND ENDING SEPTEMBER 30, 2026; AUTHORIZING THE CHIEF
EXECUTIVE OFFICER/EXECUTIVE DIRECTOR OF THE MIAMI DDA TO SUBMIT
SAID PROPOSED MILLAGE RATE OF 0.3900 MILLS AND STATUTORILY DEFINED
ROLLED -BACK RATE OF 0.4053 TO THE MIAMI-DADE COUNTY PROPERTY
APPRAISER AND TAX COLLECTOR TOGETHER WITH THE DATES, TIMES,
LOCATIONS, OR VIRTUAL MEETINGS FORMAT OF THE PUBLIC HEARINGS AT
WHICH THE CITY COMMISSION WILL CONSIDER THE PROPOSED MILLAGE
RATE, THE MIAMI DDA'S TENTATIVE BUDGET, THE 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 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;
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 0.4053 mills.
Section 3. The proposed millage rate for the MIAMI DDA for the Fiscal Year beginning
October 1, 2025, and ending September 30, 2026, is 0.3900 mills, which is 3.77% less 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 13, 2025, 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 25, 2025, at 5:05 P.M. in the City Commission
Chambers at City Hall, 3500 Pan American Drive, Dinner Key, 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
APPROVED AS TO FORM AND CORRECTNESS:
ng llf, Cty' ttor -y 7/15/2025
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.
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.